Squarepoint Portfolio holdings
Squarepoint runs funds that use computer models to trade many kinds of assets around the world. It began as nQuant, a trading unit set up inside Lehman Brothers in 2000 by its founders, Olivier Durantel and Gregoire Schneider. Barclays took over nQuant in 2008, and in December 2014 it was spun off as an independent firm and renamed Squarepoint. In 2022 Squarepoint formed STG, a separate trading group that shares much of its infrastructure but has its own investment staff, and in 2021 it partnered with Arini Capital, a European hedge fund.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$63.7M |
| 2 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$28.6M |
| 3 |
VanEck Gold Miners ETF
GDX
|
+$21.7M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$21.4M |
| 5 |
Conagra Brands
CAG
|
+$19.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$228M |
| 2 |
American International
AIG
|
+$18M |
| 3 |
EMC CORPORATION
EMC
|
+$14.6M |
| 4 |
General Dynamics
GD
|
+$14.4M |
| 5 |
PepsiCo
PEP
|
+$12.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 19.37% |
| 2 | Technology | 11.95% |
| 3 | Healthcare | 11.5% |
| 4 | Industrials | 10.87% |
| 5 | Consumer Discretionary | 10.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
QEP
251
DELISTED
QEP RESOURCES, INC.
QEP
| $1.44M | 0.1% |
73,717
+38,457
| +109% | +$709K |
2016 Q1
2 quarters
|
|
|
AMSG
252
DELISTED
Amsurg Corp
AMSG
| $1.44M | 0.1% |
21,467
-23,622
| -52% | -$1.65M |
2015 Q4
3 quarters
|
|
|
WCG
253
DELISTED
Wellcare Health Plans, Inc.
WCG
| $1.43M | 0.09% |
12,182
-8,528
| -41% | -$953K |
2016 Q1
2 quarters
|
|
254
Alphabet (Google) Class A
GOOGL
$3.52T
| $1.42M | 0.09% |
35,440
-141,460
| -80% | -$5.53M |
2016 Q1
2 quarters
|
|
255
Hormel Foods
HRL
$12.4B
| $1.42M | 0.09% |
37,473
-53,997
| -59% | -$2.01M |
2016 Q2
1 quarter
|
|
|
OA
256
DELISTED
Orbital ATK, Inc.
OA
| $1.42M | 0.09% |
18,592
+14,614
| +367% | +$1.16M |
2016 Q1
2 quarters
|
|
|
TMX
257
DELISTED
Terminix Global Holdings, Inc.
TMX
| $1.41M | 0.09% |
62,702
+53,744
| +600% | +$1.35M |
2016 Q2
1 quarter
|
|
258
United Therapeutics
UTHR
$24.9B
| $1.41M | 0.09% |
11,966
+8,092
| +209% | +$972K |
2015 Q4
3 quarters
|
|
259
SAP
SAP
$270B
| $1.41M | 0.09% |
+15,417
| New | +$1.33M |
2016 Q3
0 quarters
|
|
260
Matador Resources
MTDR
$6.2B
| $1.41M | 0.09% |
57,782
-15,312
| -21% | -$336K |
2016 Q1
2 quarters
|
|
|
PBCT
261
DELISTED
People's United Financial Inc
PBCT
| $1.4M | 0.09% |
+88,456
| New | +$1.37M |
2016 Q3
0 quarters
|
|
262
Amazon
AMZN
$2.89T
| $1.4M | 0.09% |
+33,360
| New | +$1.28M |
2016 Q3
0 quarters
|
|
263
Genuine Parts
GPC
$17.4B
| $1.4M | 0.09% |
13,890
+5,676
| +69% | +$576K |
2016 Q1
2 quarters
|
|
264
Brinker International
EAT
$8.24B
| $1.39M | 0.09% |
27,505
-683
| -2% | -$34.4K |
2016 Q1
2 quarters
|
|
265
Allegiant Air
ALGT
$2.56B
| $1.38M | 0.09% |
+10,438
| New | +$1.42M |
2016 Q3
0 quarters
|
|
266
Macerich
MAC
$7.24B
| $1.37M | 0.09% |
+16,904
| New | +$1.43M |
2016 Q3
0 quarters
|
|
267
BJ's Restaurants
BJRI
$1.23B
| $1.36M | 0.09% |
+38,304
| New | +$1.54M |
2016 Q3
0 quarters
|
|
268
L3Harris
LHX
$51.6B
| $1.36M | 0.09% |
+14,873
| New | +$1.32M |
2016 Q3
0 quarters
|
|
269
Honeywell
HON
$72.4B
| $1.36M | 0.09% |
12,953
+4,074
| +46% | +$426K |
2015 Q3
4 quarters
|
|
270
InterDigital
IDCC
$7.39B
| $1.35M | 0.09% |
17,003
+9,212
| +118% | +$615K |
2015 Q3
4 quarters
|
|
|
CAVM
271
DELISTED
Cavium, Inc.
CAVM
| $1.34M | 0.09% |
+23,100
| New | +$1.16M |
2016 Q3
0 quarters
|
|
|
RDC
272
DELISTED
Rowan Companies Plc
RDC
| $1.34M | 0.09% |
88,403
-1,366
| -2% | -$20K |
2016 Q1
2 quarters
|
|
273
Kimberly-Clark
KMB
$68.9B
| $1.33M | 0.09% |
+10,565
| New | +$1.37M |
2016 Q3
0 quarters
|
|
274
Ryanair
RYAAY
$31.9B
| $1.33M | 0.09% |
44,398
-10,257
| -19% | -$298K |
2016 Q2
1 quarter
|
|
|
IPXL
275
DELISTED
Impax Laboratories, Inc.
IPXL
| $1.33M | 0.09% |
56,203
-8,912
| -14% | -$240K |
2016 Q2
1 quarter
|
|
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Squarepoint's Q3 2016 Portfolio in Review
As of Q3 2016, Squarepoint held 1,524 positions worth $1.51B, down 6% from $1.6B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Squarepoint withdrew a net $125M in Q3 2016, closing 544 positions and reducing 270 holdings. Its most notable exit was EMC CORPORATION, an estimated $14.6M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 19% of assets, down from 22% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Squarepoint opened a new position in State Street SPDR S&P 500 ETF Trust worth $63.7M.
- Squarepoint's largest Q3 2016 buy was State Street SPDR S&P 500 ETF Trust: 294,609 shares worth $63.7M.
- Squarepoint added most to Bristol-Myers Squibb in Q3 2016, an estimated $21.4M increase.
- Squarepoint's biggest Q3 2016 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $228M.
- Squarepoint fully exited EMC CORPORATION in Q3 2016, selling an estimated $14.6M.
- Squarepoint's ten largest holdings make up 15% of its $1.51B portfolio in Q3 2016.
- Squarepoint opened 456 new positions and closed 544 in Q3 2016.
- Squarepoint's portfolio value fell 6% quarter-over-quarter to $1.51B.
Based on Squarepoint's 13F filing for Q3 2016, filed 15 Nov 2016.