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 |
iShares MSCI Taiwan ETF
EWT
|
+$89.9M |
| 2 |
VanEck Gold Miners ETF
GDX
|
+$71.9M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$69M |
| 4 |
iShares China Large-Cap ETF
FXI
|
+$66M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$58.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$33M |
| 2 |
Altria Group
MO
|
+$32.4M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
+$26.5M |
| 4 |
CVS Health
CVS
|
+$24.7M |
| 5 |
Medtronic
MDT
|
+$22.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 17.23% |
| 2 | Technology | 14.6% |
| 3 | Healthcare | 11.36% |
| 4 | Industrials | 11.26% |
| 5 | Consumer Discretionary | 10.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
ZAYO
401
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $3.05M | 0.06% |
98,826
+65,433
| +196% | +$2.14M |
2016 Q2
4 quarters
|
|
402
Capital One
COF
$121B
| $3.04M | 0.06% |
+36,778
| New | +$2.99M |
2017 Q2
0 quarters
|
|
403
Unum
UNM
$11.9B
| $3.03M | 0.06% |
65,011
+44,216
| +213% | +$2.03M |
2016 Q2
4 quarters
|
|
404
Liberty Global Class C
LBTYK
$3.23B
| $2.98M | 0.06% |
+95,698
| New | +$2.99M |
2017 Q2
0 quarters
|
|
405
Patterson-UTI
PTEN
$3.76B
| $2.98M | 0.06% |
147,702
-99,490
| -40% | -$2.17M |
2016 Q4
2 quarters
|
|
406
CNX Resources
CNX
$4.99B
| $2.97M | 0.06% |
+238,426
| New | +$3.08M |
2017 Q2
0 quarters
|
|
407
ON Semiconductor
ON
$24.6B
| $2.96M | 0.06% |
210,986
+172,286
| +445% | +$2.59M |
2016 Q3
3 quarters
|
|
408
Molson Coors Class B
TAP
$7.48B
| $2.95M | 0.06% |
34,213
-129,090
| -79% | -$12M |
2016 Q4
2 quarters
|
|
409
Vivmark Residential
VMRK
$50.7B
| $2.95M | 0.06% |
44,778
-16,533
| -27% | -$1.08M |
2016 Q4
2 quarters
|
|
410
Parker-Hannifin
PH
$116B
| $2.95M | 0.06% |
18,445
+5,274
| +40% | +$836K |
2016 Q2
4 quarters
|
|
411
Yum China
YUMC
$16.8B
| $2.95M | 0.06% |
74,739
-3,964
| -5% | -$143K |
2016 Q4
2 quarters
|
|
|
FCE.A
412
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $2.89M | 0.06% |
119,619
+106,719
| +827% | +$2.46M |
2017 Q1
1 quarter
|
|
|
NTRI
413
DELISTED
NutriSystem, Inc.
NTRI
| $2.89M | 0.06% |
+55,533
| New | +$2.88M |
2017 Q2
0 quarters
|
|
|
FDC
414
DELISTED
First Data Corporation
FDC
| $2.88M | 0.06% |
158,487
+135,238
| +582% | +$2.26M |
2016 Q4
2 quarters
|
|
415
First Solar
FSLR
$21.6B
| $2.88M | 0.06% |
+72,123
| New | +$2.45M |
2017 Q2
0 quarters
|
|
416
Encompass Health
EHC
$13.5B
| $2.85M | 0.06% |
74,096
+12,797
| +21% | +$469K |
2016 Q2
4 quarters
|
|
417
Block Inc
XYZ
$51.7B
| $2.83M | 0.06% |
120,701
+67,401
| +126% | +$1.39M |
2016 Q3
3 quarters
|
|
418
Philip Morris
PM
$308B
| $2.83M | 0.06% |
24,084
+12,432
| +107% | +$1.44M |
2016 Q1
5 quarters
|
|
419
CubeSmart
CUBE
$10.1B
| $2.81M | 0.06% |
116,857
+101,357
| +654% | +$2.57M |
2016 Q4
2 quarters
|
|
420
CoreCivic
CXW
$2.48B
| $2.79M | 0.06% |
101,276
+42,933
| +74% | +$1.34M |
2016 Q3
3 quarters
|
|
421
Garmin
GRMN
$55B
| $2.79M | 0.05% |
54,605
-21,395
| -28% | -$1.1M |
2016 Q3
3 quarters
|
|
422
Atlassian
TEAM
$38.9B
| $2.78M | 0.05% |
78,948
+68,248
| +638% | +$2.36M |
2016 Q4
2 quarters
|
|
|
423
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$25.5B
| $2.76M | 0.05% |
8,674
-104,904
| -92% | -$33M |
2017 Q1
1 quarter
|
|
|
NLSN
424
DELISTED
Nielsen Holdings plc
NLSN
| $2.75M | 0.05% |
71,064
-210,657
| -75% | -$8.37M |
2016 Q2
4 quarters
|
|
425
Waters Corp
WAT
$45B
| $2.75M | 0.05% |
14,937
-12,607
| -46% | -$2.19M |
2016 Q2
4 quarters
|
|
Similar funds
Squarepoint's Q2 2017 Portfolio in Review
As of Q2 2017, Squarepoint held 2,064 positions worth $5.08B, up 40% from $3.63B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Squarepoint deployed $1.39B of net new capital in Q2 2017, opening 586 new positions and adding to 519 existing holdings. Its largest new stake was iShares MSCI Taiwan ETF: 2,618,387 shares worth $93.6M.
By sector, the portfolio is most concentrated in Miscellaneous at 17% of assets, up from 15% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, an estimated $33M trimmed.
- Squarepoint's largest Q2 2017 buy was iShares MSCI Taiwan ETF: 2,618,387 shares worth $93.6M.
- Squarepoint added most to VanEck Gold Miners ETF in Q2 2017, an estimated $71.9M increase.
- Squarepoint's biggest Q2 2017 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $33M.
- Squarepoint fully exited iShares MSCI EAFE ETF in Q2 2017, selling an estimated $26.5M.
- Squarepoint's ten largest holdings make up 16% of its $5.08B portfolio in Q2 2017.
- Squarepoint opened 586 new positions and closed 568 in Q2 2017.
- Squarepoint's portfolio value rose 40% quarter-over-quarter to $5.08B.
Based on Squarepoint's 13F filing for Q2 2017, filed 14 Aug 2017.