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 | |
|---|---|---|---|---|---|---|---|
|
TCO
276
DELISTED
Taubman Centers Inc.
TCO
| $1.31M | 0.09% |
+17,568
| New | +$1.36M |
2016 Q3
0 quarters
|
|
|
NLSN
277
DELISTED
Nielsen Holdings plc
NLSN
| $1.31M | 0.09% |
24,399
+18,118
| +288% | +$963K |
2016 Q2
1 quarter
|
|
278
ON Semiconductor
ON
$26.9B
| $1.3M | 0.09% |
+105,900
| New | +$1.1M |
2016 Q3
0 quarters
|
|
279
Owens Corning
OC
$9.8B
| $1.3M | 0.09% |
24,382
-10,189
| -29% | -$547K |
2015 Q4
3 quarters
|
|
280
Albemarle
ALB
$11.7B
| $1.3M | 0.09% |
+15,219
| New | +$1.25M |
2016 Q3
0 quarters
|
|
281
Darling Ingredients
DAR
$8.29B
| $1.3M | 0.09% |
96,065
-49,564
| -34% | -$715K |
2015 Q4
3 quarters
|
|
282
Travel + Leisure Co
TNL
$4.72B
| $1.3M | 0.09% |
42,648
+7,057
| +20% | +$225K |
2015 Q1
6 quarters
|
|
283
DELISTED
Noble Corporation
NE
| $1.29M | 0.09% |
203,986
-12,062
| -6% | -$81.1K |
2015 Q4
3 quarters
|
|
284
Broadcom
AVGO
$1.53T
| $1.29M | 0.09% |
+74,700
| New | +$1.25M |
2016 Q3
0 quarters
|
|
|
GG
285
DELISTED
Goldcorp Inc
GG
| $1.28M | 0.09% |
77,812
+59,712
| +330% | +$1.05M |
2016 Q2
1 quarter
|
|
286
Wabtec
WAB
$50B
| $1.27M | 0.08% |
+15,604
| New | +$1.15M |
2016 Q3
0 quarters
|
|
|
WWAV
287
DELISTED
The WhiteWave Foods Company
WWAV
| $1.27M | 0.08% |
+23,405
| New | +$1.29M |
2016 Q3
0 quarters
|
|
288
J.M. Smucker
SJM
$14.2B
| $1.26M | 0.08% |
9,275
-4,182
| -31% | -$614K |
2015 Q3
4 quarters
|
|
289
Ultragenyx Pharmaceutical
RARE
$1.67B
| $1.26M | 0.08% |
17,700
+9,600
| +119% | +$613K |
2015 Q4
3 quarters
|
|
|
ESRX
290
DELISTED
Express Scripts Holding Company
ESRX
| $1.25M | 0.08% |
+17,787
| New | +$1.33M |
2016 Q3
0 quarters
|
|
291
DELISTED
Dun & Bradstreet
DNB
| $1.25M | 0.08% |
9,171
+6,508
| +244% | +$871K |
2016 Q1
2 quarters
|
|
292
Neurocrine Biosciences
NBIX
$17.1B
| $1.25M | 0.08% |
24,611
-41,289
| -63% | -$2.06M |
2016 Q2
1 quarter
|
|
293
Teradata
TDC
$3.01B
| $1.24M | 0.08% |
+40,117
| New | +$1.19M |
2016 Q3
0 quarters
|
|
294
Unilever
UL
$143B
| $1.24M | 0.08% |
+23,277
| New | +$1.23M |
2016 Q3
0 quarters
|
|
295
Westlake Corp
WLK
$8.2B
| $1.24M | 0.08% |
+23,106
| New | +$1.11M |
2016 Q3
0 quarters
|
|
296
Alkermes
ALKS
$7.76B
| $1.23M | 0.08% |
+26,100
| New | +$1.24M |
2016 Q3
0 quarters
|
|
297
Hornbeck Offshore Services, Inc.
HOS
$1.76B
| $1.22M | 0.08% |
149,385
+111,427
| +294% | +$844K |
2015 Q4
3 quarters
|
|
298
Eaton
ETN
$140B
| $1.21M | 0.08% |
18,468
-40,761
| -69% | -$2.64M |
2015 Q1
6 quarters
|
|
|
IDTI
299
DELISTED
Integrated Device Technology I
IDTI
| $1.2M | 0.08% |
52,101
-44,565
| -46% | -$920K |
2016 Q1
2 quarters
|
|
|
N
300
DELISTED
Netsuite Inc
N
| $1.2M | 0.08% |
10,866
-1,234
| -10% | -$124K |
2016 Q1
2 quarters
|
|
Similar funds
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.