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 | |
|---|---|---|---|---|---|---|---|
26
State Street SPDR S&P Retail ETF
XRT
$404M
| $7.52M | 0.47% |
179,175
+167,715
| +1,463% | +$7.2M |
2016 Q1
1 quarter
|
|
27
Progressive
PGR
$134B
| $7.35M | 0.46% |
219,399
+184,190
| +523% | +$6.09M |
2016 Q1
1 quarter
|
|
28
Capital One
COF
$126B
| $7.16M | 0.45% |
+112,811
| New | +$7.85M |
2016 Q2
0 quarters
|
|
29
Intercontinental Exchange
ICE
$94.4B
| $7.13M | 0.45% |
139,320
+41,945
| +43% | +$2.12M |
2015 Q4
2 quarters
|
|
|
GAS
30
DELISTED
AGL Resources Inc
GAS
| $6.73M | 0.42% |
101,972
+37,534
| +58% | +$2.47M |
2016 Q1
1 quarter
|
|
31
McDonald's
MCD
$183B
| $6.59M | 0.41% |
54,788
+44,688
| +442% | +$5.6M |
2015 Q4
2 quarters
|
|
32
Mondelez International
MDLZ
$82.2B
| $6.3M | 0.39% |
138,377
-141,508
| -51% | -$6.17M |
2015 Q4
2 quarters
|
|
33
State Street Utilities Select Sector SPDR ETF
XLU
$24.3B
| $6.28M | 0.39% |
239,214
+200,844
| +523% | +$4.95M |
2016 Q1
1 quarter
|
|
34
Alphabet (Google) Class A
GOOGL
$3.44T
| $6.22M | 0.39% |
176,900
+142,180
| +410% | +$5.22M |
2016 Q1
1 quarter
|
|
35
Valero Energy
VLO
$111B
| $6.19M | 0.39% |
121,355
+75,266
| +163% | +$4.26M |
2016 Q1
1 quarter
|
|
36
LyondellBasell Industries
LYB
$22.2B
| $6.16M | 0.38% |
82,725
+47,001
| +132% | +$3.88M |
2015 Q4
2 quarters
|
|
|
STJ
37
DELISTED
St Jude Medical
STJ
| $6.07M | 0.38% |
77,823
-10,704
| -12% | -$763K |
2015 Q1
5 quarters
|
|
38
TE Connectivity
TEL
$61.2B
| $6.05M | 0.38% |
105,988
+82,303
| +347% | +$4.95M |
2015 Q4
2 quarters
|
|
39
Bank of New York Mellon
BNY
$99B
| $5.92M | 0.37% |
152,269
-90,348
| -37% | -$3.59M |
2015 Q4
2 quarters
|
|
40
Aon
AON
$68.2B
| $5.81M | 0.36% |
53,204
+47,992
| +921% | +$5.08M |
2015 Q3
3 quarters
|
|
41
Cigna
CI
$78.8B
| $5.74M | 0.36% |
44,836
-22,396
| -33% | -$2.96M |
2015 Q4
2 quarters
|
|
42
Corning
GLW
$106B
| $5.55M | 0.35% |
271,207
+256,050
| +1,689% | +$5.13M |
2015 Q4
2 quarters
|
|
|
PE
43
DELISTED
PARSLEY ENERGY INC
PE
| $5.53M | 0.35% |
204,429
+184,629
| +932% | +$4.58M |
2016 Q1
1 quarter
|
|
44
Citizens Financial Group
CFG
$26.7B
| $5.42M | 0.34% |
+271,128
| New | +$6.02M |
2016 Q2
0 quarters
|
|
|
LLL
45
DELISTED
L3 Technologies, Inc.
LLL
| $5.41M | 0.34% |
36,865
+16,291
| +79% | +$2.19M |
2015 Q3
3 quarters
|
|
|
XLNX
46
DELISTED
Xilinx Inc
XLNX
| $5.35M | 0.33% |
115,893
+30,576
| +36% | +$1.4M |
2015 Q4
2 quarters
|
|
47
Vail Resorts
MTN
$5.42B
| $5.26M | 0.33% |
38,072
+32,772
| +618% | +$4.33M |
2016 Q1
1 quarter
|
|
48
Steris
STE
$22.1B
| $5.13M | 0.32% |
74,642
+67,757
| +984% | +$4.75M |
2015 Q4
2 quarters
|
|
|
CPGX
49
DELISTED
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
| $5.13M | 0.32% |
+201,225
| New | +$5.13M |
2016 Q2
0 quarters
|
|
50
FirstEnergy
FE
$27.2B
| $5.07M | 0.32% |
145,288
+89,469
| +160% | +$3.03M |
2015 Q4
2 quarters
|
|
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.