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 | |
|---|---|---|---|---|---|---|---|
376
DELISTED
Tri Pointe Homes
TPH
| $908K | 0.06% |
68,924
+26,841
| +64% | +$355K |
2016 Q1
2 quarters
|
|
|
TIF
377
DELISTED
Tiffany & Co.
TIF
| $908K | 0.06% |
12,506
+6,409
| +105% | +$428K |
2015 Q3
4 quarters
|
|
|
RSX
378
DELISTED
VanEck Russia ETF
RSX
| $901K | 0.06% |
48,041
-10,659
| -18% | -$195K |
2016 Q1
2 quarters
|
|
379
Cboe Global Markets
CBOE
$36.8B
| $899K | 0.06% |
+13,867
| New | +$945K |
2016 Q3
0 quarters
|
|
380
Carlisle Companies
CSL
$15.3B
| $899K | 0.06% |
8,758
+3,954
| +82% | +$413K |
2016 Q1
2 quarters
|
|
|
AKRX
381
DELISTED
Akorn Inc
AKRX
| $894K | 0.06% |
32,801
-11,530
| -26% | -$341K |
2016 Q1
2 quarters
|
|
382
Huntington Ingalls Industries
HII
$12B
| $890K | 0.06% |
5,804
+2,476
| +74% | +$411K |
2015 Q4
3 quarters
|
|
383
DELISTED
Newfield Exploration
NFX
| $887K | 0.06% |
+20,399
| New | +$897K |
2016 Q3
0 quarters
|
|
|
VR
384
DELISTED
Validus Hold Ltd
VR
| $873K | 0.06% |
17,522
+3,796
| +28% | +$189K |
2015 Q4
3 quarters
|
|
385
Quanta Services
PWR
$89.1B
| $872K | 0.06% |
31,137
-11,886
| -28% | -$303K |
2015 Q4
3 quarters
|
|
386
Blackrock
BLK
$188B
| $871K | 0.06% |
+2,403
| New | +$874K |
2016 Q3
0 quarters
|
|
387
Post Holdings
POST
$3.62B
| $858K | 0.06% |
16,997
-39,009
| -70% | -$2.14M |
2015 Q4
3 quarters
|
|
|
SNI
388
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $855K | 0.06% |
13,463
+525
| +4% | +$33.6K |
2015 Q4
3 quarters
|
|
389
Corpay
CPAY
$29.3B
| $853K | 0.06% |
+4,910
| New | +$787K |
2016 Q3
0 quarters
|
|
390
Essent Group
ESNT
$5.91B
| $851K | 0.06% |
+31,965
| New | +$810K |
2016 Q3
0 quarters
|
|
391
Cigna
CI
$78.1B
| $839K | 0.06% |
6,438
-38,398
| -86% | -$5.01M |
2015 Q4
3 quarters
|
|
392
Check Point Software Technologies
CHKP
$14.7B
| $838K | 0.06% |
+10,793
| New | +$837K |
2016 Q3
0 quarters
|
|
393
DELISTED
Six Flags Entertainment Corp.
SIX
| $838K | 0.06% |
15,623
+2,323
| +17% | +$125K |
2015 Q4
3 quarters
|
|
394
Brookfield
BN
$95.9B
| $836K | 0.06% |
+66,641
| New | +$816K |
2016 Q3
0 quarters
|
|
|
CRZO
395
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $833K | 0.06% |
+20,507
| New | +$735K |
2016 Q3
0 quarters
|
|
396
Credicorp
BAP
$28.3B
| $831K | 0.06% |
+5,461
| New | +$861K |
2016 Q3
0 quarters
|
|
397
A.O. Smith
AOS
$8.76B
| $825K | 0.05% |
+16,708
| New | +$781K |
2016 Q3
0 quarters
|
|
398
Monster Beverage
MNST
$89.3B
| $823K | 0.05% |
+67,284
| New | +$873K |
2016 Q3
0 quarters
|
|
399
Global Payments
GPN
$25.9B
| $817K | 0.05% |
10,646
-40,364
| -79% | -$3.04M |
2015 Q4
3 quarters
|
|
400
Waters Corp
WAT
$46.8B
| $816K | 0.05% |
5,150
-3,578
| -41% | -$554K |
2016 Q2
1 quarter
|
|
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.