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 China Large-Cap ETF
FXI
|
+$40.5M |
| 2 |
S&P Global
SPGI
|
+$30.2M |
| 3 |
Medtronic
MDT
|
+$25.3M |
| 4 |
iShares MSCI Japan ETF
EWJ
|
+$23.2M |
| 5 |
Northrop Grumman
NOC
|
+$20.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$63.7M |
| 2 |
Conagra Brands
CAG
|
+$20.3M |
| 3 |
VanEck Gold Miners ETF
GDX
|
+$20M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$18.2M |
| 5 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$15.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 13.74% |
| 2 | Healthcare | 12.91% |
| 3 | Technology | 11.18% |
| 4 | Consumer Discretionary | 11.04% |
| 5 | Industrials | 10.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
326
Huntington Bancshares
HBAN
$31.7B
| $1.7M | 0.07% |
128,479
-17,846
| -12% | -$208K |
2016 Q2
2 quarters
|
|
|
ZAYO
327
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $1.69M | 0.07% |
51,500
-64,749
| -56% | -$2.12M |
2016 Q2
2 quarters
|
|
328
DTE Energy
DTE
$29.2B
| $1.69M | 0.07% |
20,129
-24,160
| -55% | -$1.94M |
2015 Q3
5 quarters
|
|
329
DELISTED
Tupperware Brands Corporation
TUP
| $1.68M | 0.07% |
+31,867
| New | +$1.87M |
2016 Q4
0 quarters
|
|
|
OCLR
330
DELISTED
Oclaro Inc.
OCLR
| $1.67M | 0.07% |
186,262
+163,762
| +728% | +$1.41M |
2015 Q4
4 quarters
|
|
|
TIVO
331
DELISTED
Tivo Inc
TIVO
| $1.66M | 0.07% |
+79,611
| New | +$1.62M |
2016 Q4
0 quarters
|
|
332
Burlington
BURL
$15.3B
| $1.66M | 0.07% |
+19,586
| New | +$1.58M |
2016 Q4
0 quarters
|
|
333
Cummins
CMI
$61.5B
| $1.65M | 0.07% |
+12,083
| New | +$1.62M |
2016 Q4
0 quarters
|
|
|
YHOO
334
DELISTED
Yahoo Inc
YHOO
| $1.65M | 0.07% |
42,696
-73,468
| -63% | -$3.01M |
2016 Q3
1 quarter
|
|
335
Pilgrim's Pride
PPC
$6.73B
| $1.64M | 0.07% |
86,600
+65,600
| +312% | +$1.28M |
2015 Q4
4 quarters
|
|
336
Honeywell
HON
$70.3B
| $1.64M | 0.07% |
15,688
+2,735
| +21% | +$278K |
2015 Q3
5 quarters
|
|
337
DELISTED
Comerica
CMA
| $1.63M | 0.07% |
+23,898
| New | +$1.4M |
2016 Q4
0 quarters
|
|
338
Motorola Solutions
MSI
$87.8B
| $1.63M | 0.07% |
19,637
-44
| -0.2% | -$3.45K |
2015 Q4
4 quarters
|
|
339
Delek US
DK
$4.1B
| $1.63M | 0.07% |
+67,568
| New | +$1.32M |
2016 Q4
0 quarters
|
|
340
BP
BP
$117B
| $1.62M | 0.07% |
50,664
+42,749
| +540% | +$1.29M |
2016 Q3
1 quarter
|
|
341
MetLife
MET
$64.2B
| $1.62M | 0.07% |
+33,696
| New | +$1.55M |
2016 Q4
0 quarters
|
|
342
Aon
AON
$72B
| $1.6M | 0.07% |
14,378
-2,719
| -16% | -$303K |
2015 Q3
5 quarters
|
|
343
Toll Brothers
TOL
$13.6B
| $1.6M | 0.07% |
+51,755
| New | +$1.53M |
2016 Q4
0 quarters
|
|
344
Vivmark Residential
VMRK
$49.8B
| $1.6M | 0.07% |
+24,804
| New | +$1.52M |
2016 Q4
0 quarters
|
|
345
Westlake Corp
WLK
$8.07B
| $1.6M | 0.07% |
28,510
+5,404
| +23% | +$295K |
2016 Q3
1 quarter
|
|
|
TWO
346
DELISTED
Two Harbors Investment
TWO
| $1.59M | 0.07% |
+22,856
| New | +$1.56M |
2016 Q4
0 quarters
|
|
347
Harley-Davidson
HOG
$3.26B
| $1.59M | 0.07% |
27,258
+17,975
| +194% | +$1.03M |
2015 Q4
4 quarters
|
|
348
Church & Dwight Co
CHD
$26.6B
| $1.59M | 0.06% |
35,906
+633
| +2% | +$28.8K |
2016 Q2
2 quarters
|
|
349
Intuit
INTU
$91.4B
| $1.58M | 0.06% |
13,829
+2
| +0% | +$224 |
2016 Q3
1 quarter
|
|
350
TJX Companies
TJX
$147B
| $1.58M | 0.06% |
42,136
-124,810
| -75% | -$4.72M |
2016 Q1
3 quarters
|
|
Similar funds
Squarepoint's Q4 2016 Portfolio in Review
As of Q4 2016, Squarepoint held 2,060 positions worth $2.44B, up 62% from $1.51B the previous quarter. Its ten largest holdings account for 9.6% of the portfolio.
Squarepoint deployed $913M of net new capital in Q4 2016, opening 1,079 new positions and adding to 424 existing holdings. Its largest new stake was S&P Global: 252,484 shares worth $27.2M.
By sector, the portfolio is most concentrated in Miscellaneous at 14% of assets, down from 19% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was Conagra Brands, an estimated $20.3M trimmed.
- Squarepoint's largest Q4 2016 buy was S&P Global: 252,484 shares worth $27.2M.
- Squarepoint added most to iShares China Large-Cap ETF in Q4 2016, an estimated $40.5M increase.
- Squarepoint's biggest Q4 2016 reduction was Conagra Brands, cutting an estimated $20.3M.
- Squarepoint fully exited State Street SPDR S&P 500 ETF Trust in Q4 2016, selling an estimated $63.7M.
- Squarepoint's ten largest holdings make up 9.6% of its $2.44B portfolio in Q4 2016.
- Squarepoint opened 1,079 new positions and closed 329 in Q4 2016.
- Squarepoint's portfolio value rose 62% quarter-over-quarter to $2.44B.
Based on Squarepoint's 13F filing for Q4 2016, filed 14 Feb 2017.