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 | |
|---|---|---|---|---|---|---|---|
451
Fossil Group
FOSL
$477M
| $704K | 0.05% |
25,354
+3,484
| +16% | +$103K |
2015 Q3
4 quarters
|
|
452
Strategy Inc
MSTR
$53.2B
| $703K | 0.05% |
42,000
+13,860
| +49% | +$238K |
2015 Q3
4 quarters
|
|
453
WisdomTree India Earnings Fund ETF
EPI
$1.87B
| $701K | 0.05% |
+32,414
| New | +$693K |
2016 Q3
0 quarters
|
|
454
Omega Healthcare
OHI
$14.9B
| $701K | 0.05% |
+19,762
| New | +$702K |
2016 Q3
0 quarters
|
|
455
DELISTED
Hawaiian Holdings, Inc.
HA
| $700K | 0.05% |
14,405
-40,982
| -74% | -$1.86M |
2015 Q4
3 quarters
|
|
456
Henry Schein
HSIC
$9.8B
| $697K | 0.05% |
+10,899
| New | +$723K |
2016 Q3
0 quarters
|
|
457
Boyd Gaming
BYD
$5.5B
| $693K | 0.05% |
35,031
-7,200
| -17% | -$138K |
2015 Q4
3 quarters
|
|
458
Curtiss-Wright
CW
$17.5B
| $689K | 0.05% |
7,562
+4,645
| +159% | +$409K |
2015 Q4
3 quarters
|
|
459
Norfolk Southern
NSC
$73.2B
| $686K | 0.05% |
+7,064
| New | +$643K |
2016 Q3
0 quarters
|
|
|
WPX
460
DELISTED
WPX Energy, Inc.
WPX
| $686K | 0.05% |
+51,973
| New | +$577K |
2016 Q3
0 quarters
|
|
461
COPT Defense Properties
CDP
$3.79B
| $684K | 0.05% |
+24,136
| New | +$698K |
2016 Q3
0 quarters
|
|
462
DELISTED
Synovus
SNV
| $683K | 0.05% |
21,010
-35,209
| -63% | -$1.11M |
2015 Q4
3 quarters
|
|
463
DELISTED
bluebird bio
BLUE
| $678K | 0.05% |
+772
| New | +$559K |
2016 Q3
0 quarters
|
|
464
Danaher
DHR
$165B
| $674K | 0.04% |
+9,693
| New | +$687K |
2016 Q3
0 quarters
|
|
|
BBL
465
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $670K | 0.04% |
22,059
-111,380
| -83% | -$2.98M |
2016 Q2
1 quarter
|
|
466
Diamondback Energy
FANG
$49.7B
| $666K | 0.04% |
6,900
+3,200
| +86% | +$295K |
2016 Q1
2 quarters
|
|
467
Ralph Lauren
RL
$23.6B
| $665K | 0.04% |
6,571
-8,744
| -57% | -$878K |
2015 Q3
4 quarters
|
|
468
Watsco Inc
WSO
$13.2B
| $665K | 0.04% |
4,720
+1,007
| +27% | +$144K |
2015 Q4
3 quarters
|
|
469
iShares MSCI India ETF
INDA
$6.36B
| $663K | 0.04% |
+22,551
| New | +$661K |
2016 Q3
0 quarters
|
|
470
MGM Resorts International
MGM
$8.33B
| $660K | 0.04% |
25,373
-18,460
| -42% | -$448K |
2016 Q2
1 quarter
|
|
|
SCG
471
DELISTED
Scana
SCG
| $660K | 0.04% |
9,117
-24,478
| -73% | -$1.79M |
2016 Q2
1 quarter
|
|
472
Royal Gold
RGLD
$23.9B
| $657K | 0.04% |
+8,486
| New | +$681K |
2016 Q3
0 quarters
|
|
473
Genworth Financial
GNW
$3.19B
| $656K | 0.04% |
+132,193
| New | +$508K |
2016 Q3
0 quarters
|
|
|
GXP
474
DELISTED
Great Plains Energy Incorporated
GXP
| $654K | 0.04% |
23,958
-34,230
| -59% | -$980K |
2016 Q1
2 quarters
|
|
475
First Horizon
FHN
$11.1B
| $653K | 0.04% |
42,844
-16
| -0% | -$237 |
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.