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 | |
|---|---|---|---|---|---|---|---|
301
DELISTED
Coterra Energy
CTRA
| $1.2M | 0.08% |
46,392
+13,969
| +43% | +$349K |
2015 Q4
3 quarters
|
|
302
Cracker Barrel
CBRL
$1.5B
| $1.19M | 0.08% |
8,994
+5,233
| +139% | +$803K |
2015 Q2
5 quarters
|
|
303
Avery Dennison
AVY
$14.2B
| $1.19M | 0.08% |
15,276
+8,787
| +135% | +$671K |
2016 Q2
1 quarter
|
|
304
VF Corp
VFC
$8.22B
| $1.18M | 0.08% |
22,381
-21,025
| -48% | -$1.21M |
2015 Q1
6 quarters
|
|
305
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46B
| $1.18M | 0.08% |
+6,451
| New | +$1.18M |
2016 Q3
0 quarters
|
|
|
QVCGA
306
DELISTED
QVC Group Inc Series A
QVCGA
| $1.18M | 0.08% |
1,214
+983
| +426% | +$1.08M |
2015 Q4
3 quarters
|
|
307
Edison International
EIX
$23.1B
| $1.17M | 0.08% |
+16,184
| New | +$1.21M |
2016 Q3
0 quarters
|
|
308
Jefferies Financial Group
JEF
$11.3B
| $1.16M | 0.08% |
67,948
+25,241
| +59% | +$418K |
2015 Q4
3 quarters
|
|
309
Oceaneering
OII
$3.47B
| $1.15M | 0.08% |
41,905
+21,234
| +103% | +$588K |
2015 Q4
3 quarters
|
|
|
FTR
310
DELISTED
Frontier Communications Corp.
FTR
| $1.15M | 0.08% |
18,489
+8,640
| +88% | +$615K |
2015 Q3
4 quarters
|
|
311
TechnipFMC
FTI
$24.9B
| $1.15M | 0.08% |
52,033
-100,144
| -66% | -$2.03M |
2015 Q4
3 quarters
|
|
312
Raymond James Financial
RJF
$32.3B
| $1.14M | 0.08% |
29,517
+23,104
| +360% | +$851K |
2016 Q2
1 quarter
|
|
313
Citigroup
C
$202B
| $1.14M | 0.08% |
+24,137
| New | +$1.1M |
2016 Q3
0 quarters
|
|
|
DISCK
314
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $1.14M | 0.08% |
43,235
-28,075
| -39% | -$696K |
2015 Q4
3 quarters
|
|
315
SL Green Realty
SLG
$3.72B
| $1.13M | 0.08% |
10,816
+5,617
| +108% | +$617K |
2015 Q4
3 quarters
|
|
316
TransDigm Group
TDG
$67.4B
| $1.13M | 0.08% |
3,912
-4,834
| -55% | -$1.36M |
2015 Q4
3 quarters
|
|
|
AKS
317
DELISTED
AK Steel Holding Corp
AKS
| $1.13M | 0.08% |
234,261
-12,606
| -5% | -$64K |
2015 Q4
3 quarters
|
|
|
KS
318
DELISTED
KapStone Paper and Pack Corp.
KS
| $1.12M | 0.07% |
59,270
+37,267
| +169% | +$598K |
2015 Q4
3 quarters
|
|
|
BBG
319
DELISTED
Bill Barrett Corp
BBG
| $1.12M | 0.07% |
201,483
+144,163
| +252% | +$857K |
2015 Q3
4 quarters
|
|
320
B&G Foods
BGS
$216M
| $1.11M | 0.07% |
22,566
+5,012
| +29% | +$241K |
2016 Q1
2 quarters
|
|
321
SiriusXM
SIRI
$11B
| $1.11M | 0.07% |
26,600
+13,870
| +109% | +$579K |
2015 Q4
3 quarters
|
|
|
HDS
322
DELISTED
HD Supply Holdings, Inc.
HDS
| $1.1M | 0.07% |
+34,528
| New | +$1.2M |
2016 Q3
0 quarters
|
|
323
Eastman Chemical
EMN
$7.48B
| $1.1M | 0.07% |
16,242
-18,020
| -53% | -$1.21M |
2015 Q3
4 quarters
|
|
324
NetApp
NTAP
$34.6B
| $1.09M | 0.07% |
+30,429
| New | +$928K |
2016 Q3
0 quarters
|
|
325
Annaly Capital Management
NLY
$14.9B
| $1.08M | 0.07% |
+25,725
| New | +$1.11M |
2016 Q3
0 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.