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 |
Amazon
AMZN
|
+$97.9M |
| 2 |
CELG
Celgene Corp
CELG
|
+$93.9M |
| 3 |
VF Corp
VFC
|
+$71.9M |
| 4 |
Chipotle Mexican Grill
CMG
|
+$69.6M |
| 5 |
State Street Utilities Select Sector SPDR ETF
XLU
|
+$63.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dollar General
DG
|
+$113M |
| 2 |
TJX Companies
TJX
|
+$95.9M |
| 3 |
Yum! Brands
YUM
|
+$87.7M |
| 4 |
Colgate-Palmolive
CL
|
+$69.2M |
| 5 |
Walt Disney
DIS
|
+$68.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 21.12% |
| 2 | Technology | 12.66% |
| 3 | Financials | 11.33% |
| 4 | Healthcare | 10.97% |
| 5 | Miscellaneous | 9.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
Etsy
ETSY
$7.75B
| $47.5M | 0.46% |
773,292
+556,930
| +257% | +$36.4M |
2017 Q2
8 quarters
|
|
27
Royal Caribbean
RCL
$89.1B
| $47.3M | 0.46% |
390,442
+223,319
| +134% | +$27.2M |
2018 Q4
2 quarters
|
|
28
Target
TGT
$70.1B
| $47M | 0.46% |
542,516
-391,104
| -42% | -$31.6M |
2016 Q4
10 quarters
|
|
29
Autodesk
ADSK
$52.7B
| $46.9M | 0.46% |
287,685
+72,940
| +34% | +$12.3M |
2017 Q4
6 quarters
|
|
30
Garmin
GRMN
$52.3B
| $45.8M | 0.45% |
573,725
-57,110
| -9% | -$4.67M |
2018 Q1
5 quarters
|
|
31
Sherwin-Williams
SHW
$82.4B
| $44.2M | 0.43% |
289,518
+134,841
| +87% | +$20.2M |
2018 Q4
2 quarters
|
|
32
McDonald's
MCD
$198B
| $43.1M | 0.42% |
207,317
-275,367
| -57% | -$54.5M |
2018 Q2
4 quarters
|
|
33
Intuit
INTU
$95.3B
| $42.4M | 0.41% |
162,257
+58,746
| +57% | +$14.9M |
2018 Q2
4 quarters
|
|
34
RTX Corp
RTX
$268B
| $42.2M | 0.41% |
+515,569
| New | +$43.1M |
2019 Q2
0 quarters
|
|
35
Ollie's Bargain Outlet
OLLI
$5.29B
| $42.1M | 0.41% |
482,850
+277,000
| +135% | +$26.1M |
2018 Q3
3 quarters
|
|
36
Humana
HUM
$50.2B
| $40.7M | 0.4% |
153,384
-55,119
| -26% | -$14M |
2016 Q1
13 quarters
|
|
37
Dollar Tree
DLTR
$27.6B
| $40.2M | 0.39% |
373,919
+220,441
| +144% | +$23.2M |
2016 Q3
11 quarters
|
|
|
GRUB
38
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $40M | 0.39% |
256,263
+48,033
| +23% | +$6.55M |
2019 Q1
1 quarter
|
|
39
Wayfair
W
$15.2B
| $39.9M | 0.39% |
273,386
+130,892
| +92% | +$19.7M |
2018 Q2
4 quarters
|
|
40
Ralph Lauren
RL
$24.6B
| $39.7M | 0.39% |
349,901
+312,655
| +839% | +$37.5M |
2018 Q4
2 quarters
|
|
41
iShares Core MSCI Emerging Markets ETF
IEMG
$147B
| $39.7M | 0.39% |
771,315
+64,614
| +9% | +$3.3M |
2018 Q2
4 quarters
|
|
42
Kinder Morgan
KMI
$70.2B
| $39.6M | 0.39% |
1,898,653
+482,589
| +34% | +$9.7M |
2015 Q2
16 quarters
|
|
43
Monster Beverage
MNST
$92.4B
| $39.2M | 0.38% |
2,454,036
-432,072
| -15% | -$6.51M |
2018 Q3
3 quarters
|
|
|
RHT
44
DELISTED
Red Hat Inc
RHT
| $39.1M | 0.38% |
208,002
+114,049
| +121% | +$21M |
2019 Q1
1 quarter
|
|
45
Comcast
CMCSA
$88.2B
| $39M | 0.38% |
+922,373
| New | +$38.9M |
2019 Q2
0 quarters
|
|
46
PayPal
PYPL
$50B
| $38.6M | 0.38% |
+337,158
| New | +$37.4M |
2019 Q2
0 quarters
|
|
47
Williams Companies
WMB
$83B
| $38.2M | 0.37% |
+1,362,049
| New | +$37.8M |
2019 Q2
0 quarters
|
|
48
DELISTED
Coterra Energy
CTRA
| $38M | 0.37% |
1,653,414
+1,460,195
| +756% | +$37.2M |
2018 Q4
2 quarters
|
|
49
UnitedHealth
UNH
$367B
| $37.9M | 0.37% |
155,295
+99,649
| +179% | +$24M |
2016 Q4
10 quarters
|
|
50
Zimmer Biomet
ZBH
$18.5B
| $37.6M | 0.37% |
329,336
+293,183
| +811% | +$34.3M |
2018 Q1
5 quarters
|
|
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Squarepoint's Q2 2019 Portfolio in Review
As of Q2 2019, Squarepoint held 2,856 positions worth $10.3B, up 8.7% from $9.44B the previous quarter. Its ten largest holdings account for 9.3% of the portfolio.
Squarepoint deployed $560M of net new capital in Q2 2019, opening 753 new positions and adding to 869 existing holdings. Its largest new stake was Celgene Corp: 988,338 shares worth $91.4M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 21% of assets, up from 18% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was Dollar General, an estimated $113M trimmed.
- Squarepoint's largest Q2 2019 buy was Celgene Corp: 988,338 shares worth $91.4M.
- Squarepoint added most to Amazon in Q2 2019, an estimated $97.9M increase.
- Squarepoint's biggest Q2 2019 reduction was Dollar General, cutting an estimated $113M.
- Squarepoint fully exited iShares MSCI India ETF in Q2 2019, selling an estimated $55.7M.
- Squarepoint's ten largest holdings make up 9.3% of its $10.3B portfolio in Q2 2019.
- Squarepoint opened 753 new positions and closed 531 in Q2 2019.
- Squarepoint's portfolio value rose 8.7% quarter-over-quarter to $10.3B.
Based on Squarepoint's 13F filing for Q2 2019, filed 14 Aug 2019.