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 | |
|---|---|---|---|---|---|---|---|
|
ISBC
401
DELISTED
Investors Bancorp, Inc.
ISBC
| $841K | 0.05% |
75,903
+44,503
| +142% | +$515K |
2015 Q4
2 quarters
|
|
402
Lamar Advertising Co
LAMR
$16B
| $838K | 0.05% |
12,633
-400
| -3% | -$25.2K |
2015 Q4
2 quarters
|
|
403
Unum
UNM
$14.4B
| $838K | 0.05% |
+26,375
| New | +$892K |
2016 Q2
0 quarters
|
|
404
Centene
CNC
$33.9B
| $836K | 0.05% |
23,428
-56,994
| -71% | -$1.79M |
2015 Q3
3 quarters
|
|
405
DELISTED
Coterra Energy
CTRA
| $835K | 0.05% |
32,423
-32,805
| -50% | -$787K |
2015 Q4
2 quarters
|
|
406
Service Corp International
SCI
$10.4B
| $834K | 0.05% |
30,843
-53,045
| -63% | -$1.4M |
2015 Q3
3 quarters
|
|
407
Cal-Maine
CALM
$2.97B
| $833K | 0.05% |
+18,802
| New | +$887K |
2016 Q2
0 quarters
|
|
|
NTRI
408
DELISTED
NutriSystem, Inc.
NTRI
| $833K | 0.05% |
+32,830
| New | +$792K |
2016 Q2
0 quarters
|
|
409
Genuine Parts
GPC
$16.7B
| $832K | 0.05% |
8,214
+4,323
| +111% | +$419K |
2016 Q1
1 quarter
|
|
410
Packaging Corp of America
PKG
$22.9B
| $829K | 0.05% |
+12,389
| New | +$809K |
2016 Q2
0 quarters
|
|
411
Community Health Systems
CYH
$338M
| $827K | 0.05% |
+68,622
| New | +$1.01M |
2016 Q2
0 quarters
|
|
412
Snap-on
SNA
$18.4B
| $825K | 0.05% |
5,230
+3,070
| +142% | +$487K |
2015 Q3
3 quarters
|
|
413
Ameren
AEE
$30.6B
| $820K | 0.05% |
+15,305
| New | +$752K |
2016 Q2
0 quarters
|
|
414
DELISTED
Discover Financial Services
DFS
| $820K | 0.05% |
15,303
-16,842
| -52% | -$916K |
2016 Q1
1 quarter
|
|
415
Sanmina
SANM
$8.87B
| $819K | 0.05% |
30,562
+21,290
| +230% | +$533K |
2016 Q1
1 quarter
|
|
416
ManpowerGroup
MAN
$2.15B
| $816K | 0.05% |
12,682
+5,585
| +79% | +$433K |
2015 Q3
3 quarters
|
|
|
PRAH
417
DELISTED
PRA Health Sciences, Inc.
PRAH
| $816K | 0.05% |
19,548
+13,448
| +220% | +$620K |
2016 Q1
1 quarter
|
|
418
Bread Financial
BFH
$3.93B
| $814K | 0.05% |
5,206
-10,111
| -66% | -$1.68M |
2015 Q4
2 quarters
|
|
419
DELISTED
Talen Energy Corporation
TLN
| $814K | 0.05% |
60,051
+18,859
| +46% | +$231K |
2015 Q2
4 quarters
|
|
420
HEICO Corp
HEI
$44.9B
| $812K | 0.05% |
+29,658
| New | +$767K |
2016 Q2
0 quarters
|
|
|
DCT
421
DELISTED
DCT Industrial Trust Inc.
DCT
| $811K | 0.05% |
+16,880
| New | +$718K |
2016 Q2
0 quarters
|
|
422
Methode Electronics
MEI
$525M
| $808K | 0.05% |
23,609
+12,414
| +111% | +$364K |
2016 Q1
1 quarter
|
|
423
Western Union
WU
$1.92B
| $808K | 0.05% |
42,139
-36,198
| -46% | -$703K |
2015 Q4
2 quarters
|
|
|
SNI
424
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $806K | 0.05% |
12,938
+7,448
| +136% | +$476K |
2015 Q4
2 quarters
|
|
425
Wheaton Precious Metals
WPM
$52.9B
| $804K | 0.05% |
+34,149
| New | +$659K |
2016 Q2
0 quarters
|
|
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.