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 | |
|---|---|---|---|---|---|---|---|
426
Textron
TXT
$14.5B
| $773K | 0.05% |
19,447
-33,403
| -63% | -$1.32M |
2016 Q1
2 quarters
|
|
427
News Corp Class B
NWS
$15.7B
| $770K | 0.05% |
54,167
+16,000
| +42% | +$218K |
2015 Q3
4 quarters
|
|
|
CPHD
428
DELISTED
Cepheid Inc
CPHD
| $764K | 0.05% |
+14,500
| New | +$577K |
2016 Q3
0 quarters
|
|
429
Genpact
G
$7.12B
| $763K | 0.05% |
31,870
+23,270
| +271% | +$576K |
2016 Q2
1 quarter
|
|
430
Unum
UNM
$12.4B
| $756K | 0.05% |
21,405
-4,970
| -19% | -$168K |
2016 Q2
1 quarter
|
|
431
Fastenal
FAST
$62.6B
| $749K | 0.05% |
+71,680
| New | +$763K |
2016 Q3
0 quarters
|
|
|
LCI
432
DELISTED
Lannett Company, Inc.
LCI
| $749K | 0.05% |
7,050
+3,279
| +87% | +$401K |
2015 Q4
3 quarters
|
|
|
HW
433
DELISTED
Headwaters Inc
HW
| $748K | 0.05% |
44,221
+29,318
| +197% | +$541K |
2016 Q1
2 quarters
|
|
434
Gogo Inc
GOGO
$491M
| $742K | 0.05% |
+67,236
| New | +$714K |
2016 Q3
0 quarters
|
|
435
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $742K | 0.05% |
+29,147
| New | +$736K |
2016 Q3
0 quarters
|
|
|
PE
436
DELISTED
PARSLEY ENERGY INC
PE
| $741K | 0.05% |
22,100
-182,329
| -89% | -$5.71M |
2016 Q1
2 quarters
|
|
437
Thor Industries
THO
$4.25B
| $737K | 0.05% |
8,704
-6,664
| -43% | -$518K |
2015 Q4
3 quarters
|
|
438
Cooper Companies
COO
$12.2B
| $731K | 0.05% |
+16,320
| New | +$743K |
2016 Q3
0 quarters
|
|
439
Capri Holdings
CPRI
$2.21B
| $730K | 0.05% |
15,591
-23,337
| -60% | -$1.16M |
2015 Q4
3 quarters
|
|
440
Gaming and Leisure Properties
GLPI
$11.5B
| $729K | 0.05% |
21,800
-4,200
| -16% | -$145K |
2016 Q2
1 quarter
|
|
|
CBI
441
DELISTED
Chicago Bridge & Iron Nv
CBI
| $723K | 0.05% |
+25,800
| New | +$837K |
2016 Q3
0 quarters
|
|
442
Southwest Gas
SWX
$6.7B
| $721K | 0.05% |
+10,324
| New | +$761K |
2016 Q3
0 quarters
|
|
|
DST
443
DELISTED
DST Systems Inc.
DST
| $721K | 0.05% |
12,226
+7,256
| +146% | +$439K |
2016 Q1
2 quarters
|
|
444
EchoStar
ECHO
$29.4B
| $719K | 0.05% |
+20,238
| New | +$641K |
2016 Q3
0 quarters
|
|
445
SBA Communications
SBAC
$19.9B
| $718K | 0.05% |
+6,400
| New | +$724K |
2016 Q3
0 quarters
|
|
|
CS
446
DELISTED
Credit Suisse Group
CS
| $717K | 0.05% |
54,547
+40,347
| +284% | +$488K |
2016 Q2
1 quarter
|
|
447
Avnet
AVT
$6.97B
| $715K | 0.05% |
17,414
-731
| -4% | -$29.8K |
2015 Q4
3 quarters
|
|
448
American Homes 4 Rent
AMH
$11.8B
| $712K | 0.05% |
32,896
-24,374
| -43% | -$528K |
2016 Q2
1 quarter
|
|
449
DELISTED
Infoblox Inc
BLOX
| $707K | 0.05% |
+26,809
| New | +$564K |
2016 Q3
0 quarters
|
|
450
Marvell Technology
MRVL
$139B
| $705K | 0.05% |
53,100
+6,700
| +14% | +$78.7K |
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.