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 |
iShares China Large-Cap ETF
FXI
|
+$40.5M |
| 2 |
S&P Global
SPGI
|
+$30.2M |
| 3 |
Medtronic
MDT
|
+$25.3M |
| 4 |
iShares MSCI Japan ETF
EWJ
|
+$23.2M |
| 5 |
Northrop Grumman
NOC
|
+$20.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$63.7M |
| 2 |
Conagra Brands
CAG
|
+$20.3M |
| 3 |
VanEck Gold Miners ETF
GDX
|
+$20M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$18.2M |
| 5 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$15.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 13.74% |
| 2 | Healthcare | 12.91% |
| 3 | Technology | 11.18% |
| 4 | Consumer Discretionary | 11.04% |
| 5 | Industrials | 10.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
251
T-Mobile US
TMUS
$181B
| $2.34M | 0.1% |
40,735
+1,935
| +5% | +$101K |
2016 Q2
2 quarters
|
|
252
Vistance Networks Inc
VISN
$822M
| $2.32M | 0.1% |
+62,500
| New | +$2.13M |
2016 Q4
0 quarters
|
|
253
Pentair
PNR
$10.9B
| $2.32M | 0.09% |
+61,627
| New | +$2.4M |
2016 Q4
0 quarters
|
|
254
Lumen Technologies, Inc. Common Stock
LUMN
$4.35B
| $2.3M | 0.09% |
96,814
-72,411
| -43% | -$1.84M |
2016 Q2
2 quarters
|
|
255
Trane Technologies
TT
$91.5B
| $2.3M | 0.09% |
30,639
-11,310
| -27% | -$816K |
2016 Q2
2 quarters
|
|
|
KSU
256
DELISTED
Kansas City Southern
KSU
| $2.29M | 0.09% |
27,000
-4,578
| -14% | -$403K |
2016 Q1
3 quarters
|
|
257
Travel + Leisure Co
TNL
$4.73B
| $2.24M | 0.09% |
65,112
+22,464
| +53% | +$722K |
2015 Q1
7 quarters
|
|
258
Keurig Dr Pepper
KDP
$49.5B
| $2.24M | 0.09% |
24,709
-8,471
| -26% | -$743K |
2015 Q4
4 quarters
|
|
259
ManpowerGroup
MAN
$2.15B
| $2.2M | 0.09% |
24,807
-3,012
| -11% | -$248K |
2015 Q3
5 quarters
|
|
260
DELISTED
SunTrust Banks, Inc.
STI
| $2.2M | 0.09% |
+40,109
| New | +$2M |
2016 Q4
0 quarters
|
|
261
Dollar General
DG
$29.7B
| $2.18M | 0.09% |
29,402
-70,893
| -71% | -$5.18M |
2016 Q1
3 quarters
|
|
262
Mid-America Apartment Communities
MAA
$13.7B
| $2.18M | 0.09% |
22,221
+15,375
| +225% | +$1.41M |
2016 Q3
1 quarter
|
|
263
Nabors Industries
NBR
$1.35B
| $2.17M | 0.09% |
2,651
-755
| -22% | -$531K |
2015 Q4
4 quarters
|
|
264
RTX Corp
RTX
$267B
| $2.16M | 0.09% |
31,353
-39,761
| -56% | -$2.64M |
2016 Q3
1 quarter
|
|
265
Fidelity National Financial
FNF
$11.6B
| $2.16M | 0.09% |
+91,465
| New | +$2.19M |
2016 Q4
0 quarters
|
|
266
Primerica
PRI
$8.83B
| $2.15M | 0.09% |
+31,155
| New | +$1.98M |
2016 Q4
0 quarters
|
|
267
DELISTED
CA, Inc.
CA
| $2.15M | 0.09% |
67,795
-25,217
| -27% | -$805K |
2015 Q2
6 quarters
|
|
268
Teleflex
TFX
$6.13B
| $2.15M | 0.09% |
13,352
+11,048
| +480% | +$1.72M |
2016 Q3
1 quarter
|
|
269
DuPont de Nemours
DD
$20.3B
| $2.15M | 0.09% |
14,809
-11,317
| -43% | -$1.58M |
2015 Q4
4 quarters
|
|
|
WBC
270
DELISTED
WABCO HOLDINGS INC.
WBC
| $2.14M | 0.09% |
20,200
+17,143
| +561% | +$1.79M |
2016 Q3
1 quarter
|
|
271
IQVIA
IQV
$43.7B
| $2.14M | 0.09% |
+28,100
| New | +$2.15M |
2016 Q4
0 quarters
|
|
272
Campbell Soup
CPB
$6.7B
| $2.14M | 0.09% |
35,317
-4,739
| -12% | -$266K |
2016 Q2
2 quarters
|
|
273
Molina Healthcare
MOH
$10.8B
| $2.12M | 0.09% |
39,001
+20,582
| +112% | +$1.13M |
2015 Q4
4 quarters
|
|
274
Halliburton
HAL
$27.6B
| $2.11M | 0.09% |
39,082
+26,296
| +206% | +$1.31M |
2015 Q4
4 quarters
|
|
275
Welltower
WELL
$179B
| $2.11M | 0.09% |
+31,570
| New | +$2.09M |
2016 Q4
0 quarters
|
|
Similar funds
Squarepoint's Q4 2016 Portfolio in Review
As of Q4 2016, Squarepoint held 2,060 positions worth $2.44B, up 62% from $1.51B the previous quarter. Its ten largest holdings account for 9.6% of the portfolio.
Squarepoint deployed $913M of net new capital in Q4 2016, opening 1,079 new positions and adding to 424 existing holdings. Its largest new stake was S&P Global: 252,484 shares worth $27.2M.
By sector, the portfolio is most concentrated in Miscellaneous at 14% of assets, down from 19% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was Conagra Brands, an estimated $20.3M trimmed.
- Squarepoint's largest Q4 2016 buy was S&P Global: 252,484 shares worth $27.2M.
- Squarepoint added most to iShares China Large-Cap ETF in Q4 2016, an estimated $40.5M increase.
- Squarepoint's biggest Q4 2016 reduction was Conagra Brands, cutting an estimated $20.3M.
- Squarepoint fully exited State Street SPDR S&P 500 ETF Trust in Q4 2016, selling an estimated $63.7M.
- Squarepoint's ten largest holdings make up 9.6% of its $2.44B portfolio in Q4 2016.
- Squarepoint opened 1,079 new positions and closed 329 in Q4 2016.
- Squarepoint's portfolio value rose 62% quarter-over-quarter to $2.44B.
Based on Squarepoint's 13F filing for Q4 2016, filed 14 Feb 2017.