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 MSCI Taiwan ETF
EWT
|
+$89.9M |
| 2 |
VanEck Gold Miners ETF
GDX
|
+$71.9M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$69M |
| 4 |
iShares China Large-Cap ETF
FXI
|
+$66M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$58.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$33M |
| 2 |
Altria Group
MO
|
+$32.4M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
+$26.5M |
| 4 |
CVS Health
CVS
|
+$24.7M |
| 5 |
Medtronic
MDT
|
+$22.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 17.23% |
| 2 | Technology | 14.6% |
| 3 | Healthcare | 11.36% |
| 4 | Industrials | 11.26% |
| 5 | Consumer Discretionary | 10.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
251
Edison International
EIX
$22.8B
| $5.12M | 0.1% |
65,476
+29,085
| +80% | +$2.33M |
2016 Q3
3 quarters
|
|
252
The Gap Inc
GAP
$7.55B
| $5.12M | 0.1% |
232,592
-131,882
| -36% | -$3.14M |
2016 Q4
2 quarters
|
|
253
SLB Ltd
SLB
$73.7B
| $5.07M | 0.1% |
77,006
+47,083
| +157% | +$3.37M |
2017 Q1
1 quarter
|
|
254
Avery Dennison
AVY
$14.1B
| $5.05M | 0.1% |
57,133
+45,527
| +392% | +$3.81M |
2016 Q2
4 quarters
|
|
255
Lear
LEA
$5.31B
| $5.04M | 0.1% |
35,445
+14,550
| +70% | +$2.06M |
2016 Q4
2 quarters
|
|
256
HP
HPQ
$25.7B
| $5.02M | 0.1% |
287,203
+33,180
| +13% | +$609K |
2015 Q1
9 quarters
|
|
257
Equifax
EFX
$22.3B
| $5.01M | 0.1% |
+36,431
| New | +$5M |
2017 Q2
0 quarters
|
|
258
Constellation Brands
STZ
$24B
| $5M | 0.1% |
25,792
-82,549
| -76% | -$14.7M |
2015 Q2
8 quarters
|
|
259
iShares MSCI EAFE Small-Cap ETF
SCZ
$12.5B
| $4.99M | 0.1% |
+86,324
| New | +$4.92M |
2017 Q2
0 quarters
|
|
260
Automatic Data Processing
ADP
$120B
| $4.99M | 0.1% |
48,667
+32,553
| +202% | +$3.3M |
2017 Q1
1 quarter
|
|
261
Hudson Pacific Properties
HPP
$461M
| $4.98M | 0.1% |
20,823
+18,052
| +651% | +$4.33M |
2015 Q4
6 quarters
|
|
262
Amgen
AMGN
$249B
| $4.98M | 0.1% |
28,900
-110,928
| -79% | -$18M |
2016 Q3
3 quarters
|
|
263
Medical Properties Trust
MPT
$1.08B
| $4.97M | 0.1% |
+386,166
| New | +$5.14M |
2017 Q2
0 quarters
|
|
264
DELISTED
Hanesbrands
HBI
| $4.95M | 0.1% |
+213,562
| New | +$4.61M |
2017 Q2
0 quarters
|
|
265
O'Reilly Automotive
ORLY
$72.3B
| $4.94M | 0.1% |
338,550
+211,275
| +166% | +$3.45M |
2016 Q4
2 quarters
|
|
266
Carlisle Companies
CSL
$14.5B
| $4.84M | 0.1% |
50,770
+47,148
| +1,302% | +$4.77M |
2017 Q1
1 quarter
|
|
267
Albemarle
ALB
$11.7B
| $4.76M | 0.09% |
45,097
+3,774
| +9% | +$410K |
2017 Q1
1 quarter
|
|
268
PNC Financial Services
PNC
$89.5B
| $4.74M | 0.09% |
37,984
+25,864
| +213% | +$3.12M |
2016 Q4
2 quarters
|
|
269
GameStop
GME
$12.7B
| $4.67M | 0.09% |
+865,068
| New | +$4.88M |
2017 Q2
0 quarters
|
|
270
Pinnacle Financial Partners Inc
PNFP
$15.2B
| $4.67M | 0.09% |
74,331
+70,713
| +1,954% | +$4.48M |
2017 Q1
1 quarter
|
|
271
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $4.65M | 0.09% |
+59,339
| New | +$4.68M |
2017 Q2
0 quarters
|
|
272
Enovis
ENOV
$1.57B
| $4.64M | 0.09% |
68,555
+61,976
| +942% | +$4.23M |
2016 Q4
2 quarters
|
|
273
Dillards
DDS
$9.41B
| $4.62M | 0.09% |
79,995
+74,441
| +1,340% | +$3.94M |
2016 Q4
2 quarters
|
|
274
Hyatt Hotels
H
$17.2B
| $4.61M | 0.09% |
82,034
+51,047
| +165% | +$2.89M |
2016 Q4
2 quarters
|
|
275
Northern Trust
NTRS
$31.3B
| $4.59M | 0.09% |
+47,183
| New | +$4.24M |
2017 Q2
0 quarters
|
|
Similar funds
Squarepoint's Q2 2017 Portfolio in Review
As of Q2 2017, Squarepoint held 2,064 positions worth $5.08B, up 40% from $3.63B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Squarepoint deployed $1.39B of net new capital in Q2 2017, opening 586 new positions and adding to 519 existing holdings. Its largest new stake was iShares MSCI Taiwan ETF: 2,618,387 shares worth $93.6M.
By sector, the portfolio is most concentrated in Miscellaneous at 17% of assets, up from 15% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, an estimated $33M trimmed.
- Squarepoint's largest Q2 2017 buy was iShares MSCI Taiwan ETF: 2,618,387 shares worth $93.6M.
- Squarepoint added most to VanEck Gold Miners ETF in Q2 2017, an estimated $71.9M increase.
- Squarepoint's biggest Q2 2017 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $33M.
- Squarepoint fully exited iShares MSCI EAFE ETF in Q2 2017, selling an estimated $26.5M.
- Squarepoint's ten largest holdings make up 16% of its $5.08B portfolio in Q2 2017.
- Squarepoint opened 586 new positions and closed 568 in Q2 2017.
- Squarepoint's portfolio value rose 40% quarter-over-quarter to $5.08B.
Based on Squarepoint's 13F filing for Q2 2017, filed 14 Aug 2017.