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 | |
|---|---|---|---|---|---|---|---|
301
Axalta
AXTA
$7.8B
| $4.11M | 0.08% |
+128,240
| New | +$4.1M |
2017 Q2
0 quarters
|
|
302
T. Rowe Price
TROW
$23.1B
| $4.11M | 0.08% |
55,371
-11,516
| -17% | -$824K |
2016 Q3
3 quarters
|
|
303
Hilton Worldwide Holdings Inc. Common Stock
HLT
$82.4B
| $4.1M | 0.08% |
66,353
+9,826
| +17% | +$611K |
2016 Q3
3 quarters
|
|
304
Perrigo
PRGO
$2.2B
| $4.07M | 0.08% |
+53,873
| New | +$3.86M |
2017 Q2
0 quarters
|
|
305
Oneok
OKE
$53.7B
| $4.06M | 0.08% |
+77,938
| New | +$4.03M |
2017 Q2
0 quarters
|
|
306
Spectrum Brands
SPB
$1.99B
| $4.06M | 0.08% |
32,484
+22,968
| +241% | +$3.08M |
2015 Q4
6 quarters
|
|
307
Regeneron Pharmaceuticals
REGN
$93.6B
| $4.05M | 0.08% |
8,254
+6,355
| +335% | +$2.78M |
2016 Q3
3 quarters
|
|
308
iShares Core US Aggregate Bond ETF
AGG
$140B
| $3.99M | 0.08% |
36,450
-40,169
| -52% | -$4.39M |
2017 Q1
1 quarter
|
|
309
Park Hotels & Resorts
PK
$3.18B
| $3.99M | 0.08% |
147,836
+109,576
| +286% | +$2.9M |
2017 Q1
1 quarter
|
|
310
Nu Skin
NUS
$200M
| $3.95M | 0.08% |
62,807
+21,711
| +53% | +$1.24M |
2016 Q1
5 quarters
|
|
311
Owens Corning
OC
$9.36B
| $3.94M | 0.08% |
58,888
+46,788
| +387% | +$2.93M |
2017 Q1
1 quarter
|
|
312
Verizon
VZ
$189B
| $3.93M | 0.08% |
88,046
+70,454
| +400% | +$3.28M |
2017 Q1
1 quarter
|
|
313
Copa Holdings
CPA
$5.83B
| $3.92M | 0.08% |
33,497
+27,697
| +478% | +$3.19M |
2016 Q3
3 quarters
|
|
314
Lennox International
LII
$11.7B
| $3.88M | 0.08% |
+21,102
| New | +$3.68M |
2017 Q2
0 quarters
|
|
315
Fluor
FLR
$6.22B
| $3.87M | 0.08% |
84,569
+9,165
| +12% | +$439K |
2017 Q1
1 quarter
|
|
316
Qiagen
QGEN
$10.4B
| $3.86M | 0.08% |
108,632
+65,370
| +151% | +$2.21M |
2017 Q1
1 quarter
|
|
|
DISCK
317
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $3.86M | 0.08% |
152,922
+69,550
| +83% | +$1.84M |
2015 Q4
6 quarters
|
|
|
HDS
318
DELISTED
HD Supply Holdings, Inc.
HDS
| $3.85M | 0.08% |
125,809
+81,410
| +183% | +$3.08M |
2016 Q3
3 quarters
|
|
319
PENN Entertainment
PENN
$2.34B
| $3.84M | 0.08% |
+179,589
| New | +$3.53M |
2017 Q2
0 quarters
|
|
320
Lennar Class A
LEN
$21.1B
| $3.84M | 0.08% |
75,646
+35,933
| +90% | +$1.77M |
2015 Q4
6 quarters
|
|
321
Veeva Systems
VEEV
$49.2B
| $3.82M | 0.08% |
62,308
+54,008
| +651% | +$3.12M |
2016 Q1
5 quarters
|
|
322
Procter & Gamble
PG
$383B
| $3.82M | 0.08% |
43,817
-149,561
| -77% | -$13.2M |
2017 Q1
1 quarter
|
|
323
DELISTED
Allied World Assurance Co Hld Lt
AWH
| $3.81M | 0.07% |
72,005
+52,692
| +273% | +$2.78M |
2016 Q4
2 quarters
|
|
324
Brightstar Lottery PLC
BRSL
$1.79B
| $3.8M | 0.07% |
207,733
+184,973
| +813% | +$3.78M |
2016 Q4
2 quarters
|
|
325
Saic
SAIC
$6.13B
| $3.8M | 0.07% |
+54,746
| New | +$4.02M |
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.