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 | |
|---|---|---|---|---|---|---|---|
351
Pinnacle West Capital
PNW
$12.8B
| $1.01M | 0.07% |
+13,352
| New | +$1.04M |
2016 Q3
0 quarters
|
|
|
BHI
352
DELISTED
Baker Hughes
BHI
| $1.01M | 0.07% |
20,085
-34,012
| -63% | -$1.64M |
2015 Q3
4 quarters
|
|
|
ATVI
353
DELISTED
Activision Blizzard
ATVI
| $1.01M | 0.07% |
+22,893
| New | +$959K |
2016 Q3
0 quarters
|
|
354
ScottsMiracle-Gro
SMG
$3.86B
| $1.01M | 0.07% |
12,140
+5,748
| +90% | +$453K |
2016 Q2
1 quarter
|
|
355
Barclays
BCS
$77.1B
| $1.01M | 0.07% |
122,897
+97,505
| +384% | +$770K |
2016 Q1
2 quarters
|
|
356
Energizer
ENR
$1.72B
| $998K | 0.07% |
+19,977
| New | +$981K |
2016 Q3
0 quarters
|
|
|
FLIR
357
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $993K | 0.07% |
+31,607
| New | +$996K |
2016 Q3
0 quarters
|
|
358
Dentsply Sirona
XRAY
$1.9B
| $991K | 0.07% |
16,670
-1,413
| -8% | -$86.8K |
2015 Q4
3 quarters
|
|
359
Pacira BioSciences
PCRX
$1.46B
| $978K | 0.06% |
+28,592
| New | +$1.12M |
2016 Q3
0 quarters
|
|
360
Regal Rexnord
RRX
$12B
| $978K | 0.06% |
16,448
+11,098
| +207% | +$667K |
2016 Q1
2 quarters
|
|
361
Philip Morris
PM
$301B
| $969K | 0.06% |
9,965
-25,051
| -72% | -$2.51M |
2016 Q1
2 quarters
|
|
|
TFCF
362
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $968K | 0.06% |
39,137
-56,489
| -59% | -$1.47M |
2015 Q4
3 quarters
|
|
|
ILG
363
DELISTED
ILG, Inc Common Stock
ILG
| $965K | 0.06% |
56,223
-39,363
| -41% | -$681K |
2015 Q4
3 quarters
|
|
364
Veeva Systems
VEEV
$49.6B
| $960K | 0.06% |
23,249
+3,449
| +17% | +$134K |
2016 Q1
2 quarters
|
|
365
KB Home
KBH
$3.16B
| $956K | 0.06% |
+59,308
| New | +$934K |
2016 Q3
0 quarters
|
|
366
Arch Capital
ACGL
$35.2B
| $951K | 0.06% |
36,000
+4,800
| +15% | +$122K |
2016 Q1
2 quarters
|
|
367
DELISTED
Pioneer Natural Resource Co.
PXD
| $944K | 0.06% |
5,087
-16,180
| -76% | -$2.75M |
2015 Q4
3 quarters
|
|
368
Avis
CAR
$4.51B
| $943K | 0.06% |
+27,570
| New | +$999K |
2016 Q3
0 quarters
|
|
369
Incyte
INCY
$24.8B
| $943K | 0.06% |
+10,000
| New | +$843K |
2016 Q3
0 quarters
|
|
370
Paychex
PAYX
$40.9B
| $935K | 0.06% |
+16,161
| New | +$969K |
2016 Q3
0 quarters
|
|
|
KATE
371
DELISTED
Kate Spade & Company
KATE
| $934K | 0.06% |
+54,502
| New | +$1.06M |
2016 Q3
0 quarters
|
|
372
iShares Russell 2000 Growth ETF
IWO
$14.2B
| $926K | 0.06% |
6,220
-20,912
| -77% | -$3.05M |
2016 Q1
2 quarters
|
|
373
DELISTED
WestRock Company
WRK
| $920K | 0.06% |
+18,986
| New | +$848K |
2016 Q3
0 quarters
|
|
374
Uniti Group
UNIT
$1.07B
| $912K | 0.06% |
+29,045
| New | +$892K |
2016 Q3
0 quarters
|
|
375
Federal Realty Investment Trust
FRT
$9.8B
| $910K | 0.06% |
5,909
+4,382
| +287% | +$708K |
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.