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 | |
|---|---|---|---|---|---|---|---|
|
CLC
451
DELISTED
Clarcor
CLC
| $1.15M | 0.05% |
+13,987
| New | +$986K |
2016 Q4
0 quarters
|
|
|
LKSD
452
DELISTED
LSC Communications, Inc.
LKSD
| $1.15M | 0.05% |
+38,698
| New | +$919K |
2016 Q4
0 quarters
|
|
453
Unum
UNM
$12.3B
| $1.15M | 0.05% |
26,110
+4,705
| +22% | +$188K |
2016 Q2
2 quarters
|
|
454
Celanese
CE
$5.61B
| $1.14M | 0.05% |
+14,500
| New | +$1.09M |
2016 Q4
0 quarters
|
|
455
Onity Group
ONIT
$229M
| $1.14M | 0.05% |
+14,127
| New | +$996K |
2016 Q4
0 quarters
|
|
456
ServiceNow
NOW
$106B
| $1.13M | 0.05% |
+76,165
| New | +$1.23M |
2016 Q4
0 quarters
|
|
457
Boyd Gaming
BYD
$5.46B
| $1.13M | 0.05% |
56,002
+20,971
| +60% | +$404K |
2015 Q4
4 quarters
|
|
|
PVTB
458
DELISTED
PrivateBancorp Inc
PVTB
| $1.13M | 0.05% |
+20,860
| New | +$1M |
2016 Q4
0 quarters
|
|
459
Copa Holdings
CPA
$5.83B
| $1.13M | 0.05% |
12,400
+6,100
| +97% | +$553K |
2016 Q3
1 quarter
|
|
|
GRA
460
DELISTED
W.R. Grace & Co.
GRA
| $1.12M | 0.05% |
16,628
+13,528
| +436% | +$924K |
2016 Q3
1 quarter
|
|
461
MillerKnoll
MLKN
$1.46B
| $1.12M | 0.05% |
32,749
+25,026
| +324% | +$780K |
2016 Q1
3 quarters
|
|
462
Banc of California
BANC
$2.82B
| $1.12M | 0.05% |
64,491
+53,288
| +476% | +$818K |
2016 Q2
2 quarters
|
|
463
Casey's General Stores
CASY
$26.2B
| $1.11M | 0.05% |
9,359
+4,240
| +83% | +$504K |
2016 Q1
3 quarters
|
|
464
Royal Gold
RGLD
$21.7B
| $1.11M | 0.05% |
17,547
+9,061
| +107% | +$617K |
2016 Q3
1 quarter
|
|
|
FRAN
465
DELISTED
Francesca's Holdings Corporation
FRAN
| $1.11M | 0.05% |
5,136
+3,985
| +346% | +$829K |
2016 Q1
3 quarters
|
|
466
Cheesecake Factory
CAKE
$5.36B
| $1.11M | 0.05% |
18,539
+12,850
| +226% | +$726K |
2016 Q3
1 quarter
|
|
467
Apple
AAPL
$5.2T
| $1.11M | 0.05% |
38,232
+19,784
| +107% | +$561K |
2015 Q4
4 quarters
|
|
468
Golar LNG
GLNG
$4.4B
| $1.11M | 0.05% |
48,253
+29,653
| +159% | +$690K |
2016 Q2
2 quarters
|
|
469
Federal Realty Investment Trust
FRT
$9.7B
| $1.1M | 0.05% |
7,775
+1,866
| +32% | +$265K |
2016 Q1
3 quarters
|
|
|
AERI
470
DELISTED
Aerie Pharmaceuticals
AERI
| $1.1M | 0.05% |
29,144
+14,101
| +94% | +$533K |
2016 Q3
1 quarter
|
|
|
FLIR
471
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $1.1M | 0.04% |
30,346
-1,261
| -4% | -$42.4K |
2016 Q3
1 quarter
|
|
472
Abercrombie & Fitch
ANF
$6.26B
| $1.1M | 0.04% |
91,391
+24,886
| +37% | +$370K |
2016 Q2
2 quarters
|
|
|
CHS
473
DELISTED
Chicos FAS, Inc.
CHS
| $1.1M | 0.04% |
76,086
+23,179
| +44% | +$320K |
2016 Q3
1 quarter
|
|
474
Herbalife
HLF
$1.66B
| $1.09M | 0.04% |
+45,466
| New | +$1.24M |
2016 Q4
0 quarters
|
|
|
CLR
475
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $1.09M | 0.04% |
+21,200
| New | +$1.1M |
2016 Q4
0 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.