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 |
VanEck Gold Miners ETF
GDX
|
+$87.3M |
| 2 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$58.8M |
| 3 |
Wells Fargo
WFC
|
+$50M |
| 4 |
Archer Daniels Midland
ADM
|
+$46.7M |
| 5 |
Southern Company
SO
|
+$46.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$79.7M |
| 2 |
Cigna
CI
|
+$69.1M |
| 3 |
iShares MSCI Taiwan ETF
EWT
|
+$46.8M |
| 4 |
Caterpillar
CAT
|
+$42.7M |
| 5 |
DXC Technology
DXC
|
+$40M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 18.59% |
| 2 | Technology | 14.57% |
| 3 | Financials | 13% |
| 4 | Industrials | 11.45% |
| 5 | Healthcare | 10.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
DELISTED
Pioneer Natural Resource Co.
PXD
| $41M | 0.49% |
235,427
+160,765
| +215% | +$28.7M |
2015 Q4
11 quarters
|
|
27
Medtronic
MDT
$131B
| $40.8M | 0.49% |
414,301
+210,072
| +103% | +$19.4M |
2018 Q2
1 quarter
|
|
28
Cadence Design Systems
CDNS
$92.3B
| $39.6M | 0.47% |
874,250
+569,933
| +187% | +$25.9M |
2016 Q4
7 quarters
|
|
29
Las Vegas Sands
LVS
$26B
| $39.5M | 0.47% |
665,996
+456,995
| +219% | +$30.7M |
2016 Q4
7 quarters
|
|
30
Morgan Stanley
MS
$292B
| $39M | 0.47% |
837,295
+28,195
| +3% | +$1.38M |
2018 Q2
1 quarter
|
|
31
Bath & Body Works
BBWI
$4.39B
| $38.1M | 0.46% |
1,554,355
+1,271,212
| +449% | +$31.8M |
2018 Q2
1 quarter
|
|
32
Ulta Beauty
ULTA
$28.4B
| $35.4M | 0.42% |
125,412
+69,248
| +123% | +$17.7M |
2015 Q4
11 quarters
|
|
33
Constellation Brands
STZ
$24.6B
| $34.4M | 0.41% |
159,546
+48,341
| +43% | +$10.3M |
2015 Q2
13 quarters
|
|
34
Designer Brands
DBI
$345M
| $34.3M | 0.41% |
1,012,227
+367,075
| +57% | +$10.7M |
2018 Q1
2 quarters
|
|
35
Allstate
ALL
$62.8B
| $34.1M | 0.41% |
345,419
+85,756
| +33% | +$8.36M |
2015 Q1
14 quarters
|
|
36
Coca-Cola
KO
$413B
| $33.7M | 0.4% |
729,822
+515,021
| +240% | +$23.5M |
2017 Q3
4 quarters
|
|
37
Tyson Foods
TSN
$21.1B
| $33M | 0.39% |
554,295
+298,418
| +117% | +$18.7M |
2015 Q4
11 quarters
|
|
38
Aflac
AFL
$61.9B
| $33M | 0.39% |
700,344
+499,317
| +248% | +$22.9M |
2018 Q1
2 quarters
|
|
39
Bank of New York Mellon
BNY
$102B
| $32.9M | 0.39% |
644,320
+342,090
| +113% | +$18M |
2017 Q2
5 quarters
|
|
40
Dollar Tree
DLTR
$25.7B
| $32.5M | 0.39% |
398,477
+265,082
| +199% | +$23.3M |
2016 Q3
8 quarters
|
|
41
Phillips 66
PSX
$98.7B
| $32M | 0.38% |
283,592
+170,874
| +152% | +$19.8M |
2016 Q4
7 quarters
|
|
42
Baxter International
BAX
$13.7B
| $31.9M | 0.38% |
413,580
+202,830
| +96% | +$15M |
2015 Q3
12 quarters
|
|
43
M&T Bank
MTB
$32B
| $31.3M | 0.37% |
189,948
+114,364
| +151% | +$19.8M |
2017 Q1
6 quarters
|
|
44
EOG Resources
EOG
$77B
| $30.9M | 0.37% |
242,393
+202,647
| +510% | +$24.6M |
2017 Q4
3 quarters
|
|
|
AGN
45
DELISTED
Allergan plc
AGN
| $30.6M | 0.37% |
160,882
+61,801
| +62% | +$11.4M |
2017 Q2
5 quarters
|
|
|
TFCF
46
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $30.3M | 0.36% |
+661,964
| New | +$30M |
2018 Q3
0 quarters
|
|
47
Waste Management
WM
$94.1B
| $30.3M | 0.36% |
335,355
-364,058
| -52% | -$32.3M |
2016 Q3
8 quarters
|
|
48
Cisco
CSCO
$389B
| $29.6M | 0.35% |
609,034
-102,167
| -14% | -$4.6M |
2018 Q1
2 quarters
|
|
49
Charles Schwab
SCHW
$160B
| $29M | 0.35% |
589,817
+24,898
| +4% | +$1.27M |
2018 Q2
1 quarter
|
|
50
PVH
PVH
$4.28B
| $28.1M | 0.34% |
194,665
-5,463
| -3% | -$808K |
2015 Q3
12 quarters
|
|
Similar funds
Squarepoint's Q3 2018 Portfolio in Review
As of Q3 2018, Squarepoint held 2,400 positions worth $8.36B, up 11% from $7.55B the previous quarter. Its ten largest holdings account for 9.6% of the portfolio.
Squarepoint deployed $509M of net new capital in Q3 2018, opening 687 new positions and adding to 686 existing holdings. Its largest new stake was VanEck Gold Miners ETF: 4,374,139 shares worth $81M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 19% of assets, up from 17% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was Cigna, an estimated $69.1M trimmed.
- Squarepoint's largest Q3 2018 buy was VanEck Gold Miners ETF: 4,374,139 shares worth $81M.
- Squarepoint added most to iShares Core MSCI Emerging Markets ETF in Q3 2018, an estimated $58.8M increase.
- Squarepoint's biggest Q3 2018 reduction was Cigna, cutting an estimated $69.1M.
- Squarepoint fully exited Vanguard FTSE Emerging Markets ETF in Q3 2018, selling an estimated $79.7M.
- Squarepoint's ten largest holdings make up 9.6% of its $8.36B portfolio in Q3 2018.
- Squarepoint opened 687 new positions and closed 456 in Q3 2018.
- Squarepoint's portfolio value rose 11% quarter-over-quarter to $8.36B.
Based on Squarepoint's 13F filing for Q3 2018, filed 14 Nov 2018.