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 | |
|---|---|---|---|---|---|---|---|
426
DELISTED
Vista Outdoor Inc.
VSTO
| $802K | 0.05% |
16,800
-6,261
| -27% | -$303K |
2015 Q4
2 quarters
|
|
|
WBMD
427
DELISTED
WebMD Health Corp.
WBMD
| $798K | 0.05% |
+13,727
| New | +$859K |
2016 Q2
0 quarters
|
|
428
Jones Lang LaSalle
JLL
$16.4B
| $796K | 0.05% |
+8,170
| New | +$938K |
2016 Q2
0 quarters
|
|
|
SPN
429
DELISTED
Superior Energy Services, Inc.
SPN
| $793K | 0.05% |
4,309
-6,747
| -61% | -$1.1M |
2015 Q4
2 quarters
|
|
|
LVLT
430
DELISTED
Level 3 Communications Inc
LVLT
| $791K | 0.05% |
15,366
+8,819
| +135% | +$461K |
2016 Q1
1 quarter
|
|
431
Hudson Pacific Properties
HPP
$572M
| $789K | 0.05% |
3,862
+2,148
| +125% | +$433K |
2015 Q4
2 quarters
|
|
432
Mattel
MAT
$4.41B
| $788K | 0.05% |
25,198
-6,477
| -20% | -$205K |
2016 Q1
1 quarter
|
|
433
Greif
GEF
$4.66B
| $784K | 0.05% |
+21,024
| New | +$753K |
2016 Q2
0 quarters
|
|
434
HP
HPQ
$26B
| $780K | 0.05% |
62,148
-435,973
| -88% | -$5.43M |
2015 Q1
5 quarters
|
|
435
Navient Holdings, Inc. Common Stock
NAVI
$872M
| $780K | 0.05% |
65,299
-34,576
| -35% | -$440K |
2015 Q4
2 quarters
|
|
436
AMN Healthcare
AMN
$1.82B
| $779K | 0.05% |
19,486
+13,486
| +225% | +$499K |
2016 Q1
1 quarter
|
|
437
State Street
STT
$46.2B
| $779K | 0.05% |
14,443
+9,873
| +216% | +$590K |
2015 Q4
2 quarters
|
|
438
Boyd Gaming
BYD
$5.15B
| $777K | 0.05% |
42,231
+21,163
| +100% | +$410K |
2015 Q4
2 quarters
|
|
439
DELISTED
Six Flags Entertainment Corp.
SIX
| $771K | 0.05% |
13,300
+2,200
| +20% | +$128K |
2015 Q4
2 quarters
|
|
440
Sohu.com
SOHU
$339M
| $769K | 0.05% |
20,300
-800
| -4% | -$34.1K |
2016 Q1
1 quarter
|
|
441
Pentair
PNR
$10.6B
| $764K | 0.05% |
+19,528
| New | +$759K |
2016 Q2
0 quarters
|
|
|
KSU
442
DELISTED
Kansas City Southern
KSU
| $764K | 0.05% |
8,476
-2,447
| -22% | -$223K |
2016 Q1
1 quarter
|
|
443
IPG Photonics
IPGP
$3.09B
| $762K | 0.05% |
+9,533
| New | +$838K |
2016 Q2
0 quarters
|
|
444
Pilgrim's Pride
PPC
$6.84B
| $762K | 0.05% |
29,900
+18,900
| +172% | +$475K |
2015 Q4
2 quarters
|
|
445
Bankunited
BKU
$3.06B
| $761K | 0.05% |
+24,785
| New | +$825K |
2016 Q2
0 quarters
|
|
446
Harley-Davidson
HOG
$3.25B
| $758K | 0.05% |
16,742
-29,968
| -64% | -$1.38M |
2015 Q4
2 quarters
|
|
447
Marathon Petroleum
MPC
$125B
| $757K | 0.05% |
19,929
-22,468
| -53% | -$825K |
2014 Q4
6 quarters
|
|
448
DELISTED
Patterson Companies, Inc.
PDCO
| $755K | 0.05% |
+15,756
| New | +$726K |
2016 Q2
0 quarters
|
|
449
Jack Henry & Associates
JKHY
$11.3B
| $750K | 0.05% |
8,599
-2,309
| -21% | -$193K |
2015 Q4
2 quarters
|
|
450
Arch Capital
ACGL
$34.7B
| $749K | 0.05% |
31,200
+16,500
| +112% | +$390K |
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.