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 | |
|---|---|---|---|---|---|---|---|
326
Whirlpool
WHR
$2.1B
| $1.08M | 0.07% |
+6,662
| New | +$1.18M |
2016 Q3
0 quarters
|
|
327
Brown-Forman Class B
BF.B
$13.9B
| $1.08M | 0.07% |
35,483
+24,208
| +215% | +$751K |
2015 Q4
3 quarters
|
|
328
Highwoods Properties
HIW
$3.47B
| $1.08M | 0.07% |
20,668
+3,938
| +24% | +$210K |
2016 Q2
1 quarter
|
|
329
Alaska Air
ALK
$4.65B
| $1.08M | 0.07% |
16,332
-1,597
| -9% | -$105K |
2015 Q4
3 quarters
|
|
330
Eagle Materials
EXP
$5.79B
| $1.08M | 0.07% |
+13,901
| New | +$1.12M |
2016 Q3
0 quarters
|
|
331
Molina Healthcare
MOH
$10.6B
| $1.07M | 0.07% |
18,419
-1,966
| -10% | -$108K |
2015 Q4
3 quarters
|
|
332
NCR Voyix
VYX
$1.34B
| $1.07M | 0.07% |
54,396
-183
| -0.3% | -$3.6K |
2015 Q3
4 quarters
|
|
333
Dauch Corp
DCH
$1.09B
| $1.07M | 0.07% |
62,260
+30,992
| +99% | +$521K |
2016 Q2
1 quarter
|
|
334
Packaging Corp of America
PKG
$22.7B
| $1.07M | 0.07% |
13,203
+814
| +7% | +$62.2K |
2016 Q2
1 quarter
|
|
335
Aflac
AFL
$61.9B
| $1.07M | 0.07% |
+29,760
| New | +$1.08M |
2016 Q3
0 quarters
|
|
336
Synaptics
SYNA
$4.65B
| $1.07M | 0.07% |
+18,268
| New | +$1M |
2016 Q3
0 quarters
|
|
337
Lumentum
LITE
$54.1B
| $1.07M | 0.07% |
+25,582
| New | +$842K |
2016 Q3
0 quarters
|
|
338
CMS Energy
CMS
$21.8B
| $1.07M | 0.07% |
+25,428
| New | +$1.11M |
2016 Q3
0 quarters
|
|
339
Garmin
GRMN
$56.2B
| $1.07M | 0.07% |
+22,153
| New | +$1.09M |
2016 Q3
0 quarters
|
|
|
CTB
340
DELISTED
Cooper Tire & Rubber Co.
CTB
| $1.06M | 0.07% |
+27,950
| New | +$935K |
2016 Q3
0 quarters
|
|
341
DELISTED
Hess
HES
| $1.06M | 0.07% |
+19,783
| New | +$1.06M |
2016 Q3
0 quarters
|
|
342
Abercrombie & Fitch
ANF
$6.48B
| $1.06M | 0.07% |
66,505
-38,966
| -37% | -$752K |
2016 Q2
1 quarter
|
|
343
Prestige Consumer Healthcare
PBH
$2.07B
| $1.05M | 0.07% |
21,837
+1,344
| +7% | +$68K |
2015 Q4
3 quarters
|
|
344
Somnigroup International
SGI
$15.3B
| $1.05M | 0.07% |
74,236
+58,492
| +372% | +$1.04M |
2016 Q2
1 quarter
|
|
345
Trinity Industries
TRN
$2.33B
| $1.04M | 0.07% |
59,766
+20,438
| +52% | +$337K |
2016 Q2
1 quarter
|
|
346
DELISTED
Trinseo
TSE
| $1.04M | 0.07% |
18,397
+8,197
| +80% | +$434K |
2016 Q2
1 quarter
|
|
347
DELISTED
Big Lots, Inc.
BIG
| $1.04M | 0.07% |
21,675
-19,661
| -48% | -$1.01M |
2015 Q3
4 quarters
|
|
348
News Corp Class A
NWSA
$14.3B
| $1.03M | 0.07% |
+73,678
| New | +$972K |
2016 Q3
0 quarters
|
|
|
ENDP
349
DELISTED
Endo International plc
ENDP
| $1.02M | 0.07% |
+50,557
| New | +$1.01M |
2016 Q3
0 quarters
|
|
|
IM
350
DELISTED
Ingram Micro
IM
| $1.02M | 0.07% |
28,551
-600
| -2% | -$20.8K |
2015 Q4
3 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.