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 MIDCAP 400 ETF Trust
MDY
|
+$223M |
| 2 |
CVS Health
CVS
|
+$18.9M |
| 3 |
American International
AIG
|
+$16.3M |
| 4 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$13.4M |
| 5 |
TJX Companies
TJX
|
+$12.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chubb
CB
|
+$12.6M |
| 2 |
Crown Castle
CCI
|
+$7.91M |
| 3 |
Eli Lilly
LLY
|
+$7.58M |
| 4 |
RTX Corp
RTX
|
+$7.28M |
| 5 |
Deere & Co
DE
|
+$7.24M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 22.16% |
| 2 | Consumer Discretionary | 11.77% |
| 3 | Financials | 11.5% |
| 4 | Healthcare | 9.84% |
| 5 | Technology | 9.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
376
DELISTED
Marathon Oil Corporation
MRO
| $917K | 0.06% |
61,070
-104,325
| -63% | -$1.38M |
2015 Q4
2 quarters
|
|
377
Zoetis
ZTS
$32.9B
| $916K | 0.06% |
19,307
+13,700
| +244% | +$647K |
2016 Q1
1 quarter
|
|
378
White Mountains Insurance
WTM
$5.42B
| $909K | 0.06% |
+1,080
| New | +$881K |
2016 Q2
0 quarters
|
|
379
Principal Financial Group
PFG
$23.7B
| $908K | 0.06% |
22,081
+12,424
| +129% | +$524K |
2015 Q4
2 quarters
|
|
380
DELISTED
Cadence Bank
CADE
| $906K | 0.06% |
39,939
+22,744
| +132% | +$514K |
2015 Q4
2 quarters
|
|
381
MGIC Investment
MTG
$5.83B
| $899K | 0.06% |
+151,070
| New | +$1.03M |
2016 Q2
0 quarters
|
|
382
Gaming and Leisure Properties
GLPI
$11.3B
| $896K | 0.06% |
+26,000
| New | +$862K |
2016 Q2
0 quarters
|
|
383
CF Industries
CF
$18.7B
| $894K | 0.06% |
37,090
+19,017
| +105% | +$564K |
2015 Q2
4 quarters
|
|
384
East-West Bancorp
EWBC
$17.9B
| $888K | 0.06% |
25,970
+4,647
| +22% | +$168K |
2015 Q4
2 quarters
|
|
385
Popular Inc
BPOP
$9.8B
| $885K | 0.06% |
30,200
+17,900
| +146% | +$527K |
2016 Q1
1 quarter
|
|
|
RSPP
386
DELISTED
RSP Permian, Inc.
RSPP
| $885K | 0.06% |
25,356
-25,344
| -50% | -$819K |
2016 Q1
1 quarter
|
|
387
Highwoods Properties
HIW
$3.42B
| $883K | 0.06% |
+16,730
| New | +$806K |
2016 Q2
0 quarters
|
|
|
N
388
DELISTED
Netsuite Inc
N
| $881K | 0.06% |
12,100
+4,300
| +55% | +$330K |
2016 Q1
1 quarter
|
|
|
CPE
389
DELISTED
Callon Petroleum Company
CPE
| $877K | 0.05% |
+7,807
| New | +$837K |
2016 Q2
0 quarters
|
|
390
DELISTED
Du Pont De Nemours E I
DD
| $873K | 0.05% |
13,473
-26,085
| -66% | -$1.71M |
2016 Q1
1 quarter
|
|
391
TSMC
TSM
$2.11T
| $871K | 0.05% |
+33,200
| New | +$829K |
2016 Q2
0 quarters
|
|
392
Zimmer Biomet
ZBH
$18B
| $869K | 0.05% |
7,439
+4,897
| +193% | +$554K |
2015 Q1
5 quarters
|
|
393
BioMarin Pharmaceuticals
BMRN
$11.3B
| $866K | 0.05% |
+11,127
| New | +$946K |
2016 Q2
0 quarters
|
|
394
DELISTED
AvalonBay Communities
AVB
| $860K | 0.05% |
4,769
+3,515
| +280% | +$633K |
2015 Q4
2 quarters
|
|
|
STOR
395
DELISTED
STORE Capital Corporation
STOR
| $857K | 0.05% |
29,100
+4,100
| +16% | +$108K |
2015 Q4
2 quarters
|
|
396
Leidos
LDOS
$17.9B
| $852K | 0.05% |
17,807
-4,500
| -20% | -$223K |
2015 Q4
2 quarters
|
|
397
Radian Group
RDN
$4.7B
| $852K | 0.05% |
+81,740
| New | +$962K |
2016 Q2
0 quarters
|
|
398
B&G Foods
BGS
$189M
| $847K | 0.05% |
17,554
-8,093
| -32% | -$330K |
2016 Q1
1 quarter
|
|
|
ITC
399
DELISTED
ITC HOLDINGS CORP
ITC
| $846K | 0.05% |
18,063
-11,737
| -39% | -$521K |
2015 Q4
2 quarters
|
|
400
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $845K | 0.05% |
40,200
+1,800
| +5% | +$34.5K |
2016 Q1
1 quarter
|
|
Similar funds
Squarepoint's Q2 2016 Portfolio in Review
As of Q2 2016, Squarepoint held 1,549 positions worth $1.6B, up 24% from $1.29B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Squarepoint deployed $307M of net new capital in Q2 2016, opening 435 new positions and adding to 314 existing holdings. Its largest new stake was State Street SPDR S&P MIDCAP 400 ETF Trust: 833,964 shares worth $227M.
By sector, the portfolio is most concentrated in Miscellaneous at 22% of assets, up from 2.8% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Crown Castle, an estimated $7.91M trimmed.
- Squarepoint's largest Q2 2016 buy was State Street SPDR S&P MIDCAP 400 ETF Trust: 833,964 shares worth $227M.
- Squarepoint added most to CVS Health in Q2 2016, an estimated $18.9M increase.
- Squarepoint's biggest Q2 2016 reduction was Crown Castle, cutting an estimated $7.91M.
- Squarepoint fully exited Chubb in Q2 2016, selling an estimated $12.6M.
- Squarepoint's ten largest holdings make up 23% of its $1.6B portfolio in Q2 2016.
- Squarepoint opened 435 new positions and closed 482 in Q2 2016.
- Squarepoint's portfolio value rose 24% quarter-over-quarter to $1.6B.
Based on Squarepoint's 13F filing for Q2 2016, filed 15 Aug 2016.