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 | |
|---|---|---|---|---|---|---|---|
|
ACC
401
DELISTED
American Campus Communities, Inc.
ACC
| $816K | 0.05% |
+16,049
| New | +$824K |
2016 Q3
0 quarters
|
|
402
Clorox
CLX
$12.8B
| $815K | 0.05% |
6,508
-444
| -6% | -$58.2K |
2015 Q2
5 quarters
|
|
|
SBNY
403
DELISTED
Signature Bank
SBNY
| $813K | 0.05% |
6,864
-1,279
| -16% | -$154K |
2015 Q4
3 quarters
|
|
404
DELISTED
Assertio
ASRT
| $812K | 0.05% |
542
+189
| +54% | +$237K |
2015 Q4
3 quarters
|
|
405
Cooper-Standard Automotive
CPS
$332M
| $812K | 0.05% |
+8,215
| New | +$774K |
2016 Q3
0 quarters
|
|
406
8x8 Inc
EGHT
$317M
| $811K | 0.05% |
+52,524
| New | +$747K |
2016 Q3
0 quarters
|
|
407
Goldman Sachs
GS
$261B
| $811K | 0.05% |
5,028
-27,007
| -84% | -$4.39M |
2015 Q4
3 quarters
|
|
|
CLGX
408
DELISTED
Corelogic, Inc.
CLGX
| $810K | 0.05% |
20,650
+13,217
| +178% | +$527K |
2015 Q2
5 quarters
|
|
409
Idacorp
IDA
$8.64B
| $809K | 0.05% |
+10,335
| New | +$815K |
2016 Q3
0 quarters
|
|
410
DELISTED
Treehouse Foods
THS
| $809K | 0.05% |
9,281
-8,887
| -49% | -$854K |
2016 Q2
1 quarter
|
|
411
Signet Jewelers
SIG
$4.54B
| $806K | 0.05% |
10,811
+2,100
| +24% | +$178K |
2016 Q1
2 quarters
|
|
412
Gentex
GNTX
$4.11B
| $805K | 0.05% |
45,822
+1,383
| +3% | +$23.9K |
2015 Q4
3 quarters
|
|
413
United Natural Foods
UNFI
$2.85B
| $802K | 0.05% |
+20,022
| New | +$919K |
2016 Q3
0 quarters
|
|
|
ASNA
414
DELISTED
Ascena Retail Group, Inc.
ASNA
| $802K | 0.05% |
+7,176
| New | +$1.09M |
2016 Q3
0 quarters
|
|
415
Rockwell Automation
ROK
$43.2B
| $801K | 0.05% |
6,546
-8,984
| -58% | -$1.05M |
2015 Q4
3 quarters
|
|
|
MDRX
416
DELISTED
Veradigm Inc. Common Stock
MDRX
| $801K | 0.05% |
60,855
+44,364
| +269% | +$593K |
2016 Q1
2 quarters
|
|
417
Humana
HUM
$50.8B
| $794K | 0.05% |
4,489
-6,982
| -61% | -$1.21M |
2016 Q1
2 quarters
|
|
418
Kimco Realty
KIM
$17.1B
| $793K | 0.05% |
27,379
+7,712
| +39% | +$235K |
2015 Q4
3 quarters
|
|
419
Public Service Enterprise Group
PEG
$37.4B
| $787K | 0.05% |
18,785
-55,213
| -75% | -$2.43M |
2015 Q4
3 quarters
|
|
|
PRAH
420
DELISTED
PRA Health Sciences, Inc.
PRAH
| $786K | 0.05% |
13,903
-5,645
| -29% | -$277K |
2016 Q1
2 quarters
|
|
421
Pan American Silver
PAAS
$17.5B
| $784K | 0.05% |
+44,500
| New | +$832K |
2016 Q3
0 quarters
|
|
422
Hecla Mining
HL
$10.4B
| $782K | 0.05% |
137,260
+39,760
| +41% | +$243K |
2015 Q4
3 quarters
|
|
423
Yum! Brands
YUM
$43.3B
| $778K | 0.05% |
+11,919
| New | +$761K |
2016 Q3
0 quarters
|
|
424
Aecom
ACM
$9.04B
| $777K | 0.05% |
+26,120
| New | +$842K |
2016 Q3
0 quarters
|
|
425
DELISTED
CATALENT, INC.
CTLT
| $774K | 0.05% |
+29,940
| New | +$745K |
2016 Q3
0 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.