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 China Large-Cap ETF
FXI
|
+$40.5M |
| 2 |
S&P Global
SPGI
|
+$30.2M |
| 3 |
Medtronic
MDT
|
+$25.3M |
| 4 |
iShares MSCI Japan ETF
EWJ
|
+$23.2M |
| 5 |
Northrop Grumman
NOC
|
+$20.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$63.7M |
| 2 |
Conagra Brands
CAG
|
+$20.3M |
| 3 |
VanEck Gold Miners ETF
GDX
|
+$20M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$18.2M |
| 5 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$15.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 13.74% |
| 2 | Healthcare | 12.91% |
| 3 | Technology | 11.18% |
| 4 | Consumer Discretionary | 11.04% |
| 5 | Industrials | 10.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
426
Ventas
VTR
$47B
| $1.25M | 0.05% |
19,958
+15,998
| +404% | +$1.01M |
2016 Q3
1 quarter
|
|
427
DELISTED
NEVRO CORP.
NVRO
| $1.25M | 0.05% |
+17,180
| New | +$1.47M |
2016 Q4
0 quarters
|
|
428
Colgate-Palmolive
CL
$79.1B
| $1.24M | 0.05% |
+18,992
| New | +$1.3M |
2016 Q4
0 quarters
|
|
429
Synopsys
SNPS
$86.8B
| $1.24M | 0.05% |
+21,061
| New | +$1.25M |
2016 Q4
0 quarters
|
|
430
Arista Networks
ANET
$249B
| $1.24M | 0.05% |
204,208
+140,208
| +219% | +$784K |
2015 Q4
4 quarters
|
|
431
Allstate
ALL
$66.1B
| $1.23M | 0.05% |
16,652
-46,951
| -74% | -$3.31M |
2015 Q1
7 quarters
|
|
|
CAB
432
DELISTED
Cabela's Inc
CAB
| $1.23M | 0.05% |
+20,998
| New | +$1.3M |
2016 Q4
0 quarters
|
|
433
Bath & Body Works
BBWI
$4.3B
| $1.22M | 0.05% |
22,981
-65,032
| -74% | -$3.7M |
2016 Q1
3 quarters
|
|
434
Tapestry
TPR
$25.9B
| $1.22M | 0.05% |
34,882
+25,920
| +289% | +$946K |
2016 Q3
1 quarter
|
|
435
Tenet Healthcare
THC
$22.6B
| $1.21M | 0.05% |
81,799
-12,384
| -13% | -$222K |
2015 Q2
6 quarters
|
|
436
Xylem
XYL
$21.6B
| $1.21M | 0.05% |
+24,352
| New | +$1.23M |
2016 Q4
0 quarters
|
|
437
Ironwood Pharmaceuticals
IRWD
$801M
| $1.2M | 0.05% |
93,643
+79,673
| +570% | +$1.01M |
2016 Q3
1 quarter
|
|
438
Compañía de Minas Buenaventura
BVN
$6.3B
| $1.2M | 0.05% |
+106,066
| New | +$1.27M |
2016 Q4
0 quarters
|
|
439
Nasdaq
NDAQ
$60.5B
| $1.19M | 0.05% |
53,076
-42,969
| -45% | -$948K |
2015 Q4
4 quarters
|
|
440
Ciena
CIEN
$39.5B
| $1.18M | 0.05% |
+48,527
| New | +$1.06M |
2016 Q4
0 quarters
|
|
441
Reliance Steel & Aluminium
RS
$21.8B
| $1.17M | 0.05% |
14,720
-6,562
| -31% | -$500K |
2015 Q4
4 quarters
|
|
442
DELISTED
Staples Inc
SPLS
| $1.17M | 0.05% |
129,419
+112,504
| +665% | +$981K |
2016 Q1
3 quarters
|
|
443
Huntsman Corp
HUN
$1.66B
| $1.17M | 0.05% |
61,258
+45,758
| +295% | +$831K |
2016 Q3
1 quarter
|
|
|
ALJ
444
DELISTED
Alon USA Energy Inc
ALJ
| $1.17M | 0.05% |
102,447
+57,493
| +128% | +$539K |
2016 Q1
3 quarters
|
|
445
DELISTED
Warner Bros
WBD
| $1.16M | 0.05% |
42,500
-13,322
| -24% | -$361K |
2015 Q3
5 quarters
|
|
|
CPE
446
DELISTED
Callon Petroleum Company
CPE
| $1.16M | 0.05% |
7,562
+5,362
| +244% | +$819K |
2016 Q2
2 quarters
|
|
447
Assured Guaranty
AGO
$3.25B
| $1.16M | 0.05% |
+30,732
| New | +$1.03M |
2016 Q4
0 quarters
|
|
448
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$4.15B
| $1.16M | 0.05% |
+6,998
| New | +$1.1M |
2016 Q4
0 quarters
|
|
449
Harmony Gold Mining
HMY
$9.47B
| $1.16M | 0.05% |
+524,179
| New | +$1.39M |
2016 Q4
0 quarters
|
|
450
PPG Industries
PPG
$27.2B
| $1.16M | 0.05% |
12,212
-6,282
| -34% | -$600K |
2016 Q2
2 quarters
|
|
Similar funds
Squarepoint's Q4 2016 Portfolio in Review
As of Q4 2016, Squarepoint held 2,060 positions worth $2.44B, up 62% from $1.51B the previous quarter. Its ten largest holdings account for 9.6% of the portfolio.
Squarepoint deployed $913M of net new capital in Q4 2016, opening 1,079 new positions and adding to 424 existing holdings. Its largest new stake was S&P Global: 252,484 shares worth $27.2M.
By sector, the portfolio is most concentrated in Miscellaneous at 14% of assets, down from 19% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was Conagra Brands, an estimated $20.3M trimmed.
- Squarepoint's largest Q4 2016 buy was S&P Global: 252,484 shares worth $27.2M.
- Squarepoint added most to iShares China Large-Cap ETF in Q4 2016, an estimated $40.5M increase.
- Squarepoint's biggest Q4 2016 reduction was Conagra Brands, cutting an estimated $20.3M.
- Squarepoint fully exited State Street SPDR S&P 500 ETF Trust in Q4 2016, selling an estimated $63.7M.
- Squarepoint's ten largest holdings make up 9.6% of its $2.44B portfolio in Q4 2016.
- Squarepoint opened 1,079 new positions and closed 329 in Q4 2016.
- Squarepoint's portfolio value rose 62% quarter-over-quarter to $2.44B.
Based on Squarepoint's 13F filing for Q4 2016, filed 14 Feb 2017.