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 Communication Services Select Sector SPDR ETF
XLC
|
+$163M |
| 2 |
Costco
COST
|
+$137M |
| 3 |
EOG Resources
EOG
|
+$69.1M |
| 4 |
iShares MSCI South Korea ETF
EWY
|
+$67.3M |
| 5 |
American Express
AXP
|
+$62.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CELG
Celgene Corp
CELG
|
+$93.4M |
| 2 |
Apple
AAPL
|
+$80.7M |
| 3 |
Darden Restaurants
DRI
|
+$70M |
| 4 |
CVS Health
CVS
|
+$63.6M |
| 5 |
Visa
V
|
+$54.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 20.91% |
| 2 | Technology | 12.13% |
| 3 | Miscellaneous | 11.83% |
| 4 | Financials | 10.81% |
| 5 | Healthcare | 10.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
Wayfair
W
$15.3B
| $57.7M | 0.51% |
514,273
+240,887
| +88% | +$30.8M |
2018 Q2
5 quarters
|
|
27
Domino's
DPZ
$11.2B
| $55.4M | 0.49% |
226,434
+43,642
| +24% | +$10.8M |
2018 Q1
6 quarters
|
|
28
MetLife
MET
$64.5B
| $54.6M | 0.49% |
1,158,249
+1,141,831
| +6,955% | +$54.4M |
2019 Q1
2 quarters
|
|
29
Spotify
SPOT
$126B
| $52.5M | 0.47% |
460,827
+418,560
| +990% | +$59.1M |
2018 Q4
3 quarters
|
|
30
Five Below
FIVE
$13.6B
| $51.3M | 0.46% |
406,915
+120,936
| +42% | +$14.7M |
2018 Q3
4 quarters
|
|
31
Pfizer
PFE
$165B
| $45.4M | 0.41% |
1,331,530
+1,240,572
| +1,364% | +$45.1M |
2019 Q1
2 quarters
|
|
32
Philip Morris
PM
$310B
| $45.4M | 0.4% |
597,316
+132,343
| +28% | +$10.5M |
2016 Q1
14 quarters
|
|
33
General Dynamics
GD
$98.2B
| $45.1M | 0.4% |
246,724
+152,641
| +162% | +$28.4M |
2016 Q4
11 quarters
|
|
34
Lowe's Companies
LOW
$128B
| $44.7M | 0.4% |
406,433
+345,913
| +572% | +$36.5M |
2019 Q2
1 quarter
|
|
35
TJX Companies
TJX
$148B
| $44.2M | 0.4% |
793,705
+571,191
| +257% | +$31.1M |
2016 Q1
14 quarters
|
|
36
CALL
iShares Silver Trust
SLV
$23.8B
| $44.2M | 0.39% |
+2,778,800
| New | +$44.2M |
2019 Q3
0 quarters
|
|
37
Occidental Petroleum
OXY
$58.7B
| $44.1M | 0.39% |
992,717
+936,722
| +1,673% | +$44.3M |
2018 Q1
6 quarters
|
|
38
Elevance Health
ELV
$92.8B
| $43.5M | 0.39% |
181,157
+177,657
| +5,076% | +$48.7M |
2019 Q1
2 quarters
|
|
39
Clorox
CLX
$13.2B
| $43.4M | 0.39% |
285,676
+267,546
| +1,476% | +$42.3M |
2019 Q1
2 quarters
|
|
40
Planet Fitness
PLNT
$4.54B
| $43.3M | 0.39% |
+748,498
| New | +$52.7M |
2019 Q3
0 quarters
|
|
41
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$47.6B
| $41.6M | 0.37% |
+290,800
| New | +$40.4M |
2019 Q3
0 quarters
|
|
42
DELISTED
Discover Financial Services
DFS
| $41.5M | 0.37% |
511,383
+197,321
| +63% | +$16.3M |
2018 Q4
3 quarters
|
|
43
Texas Roadhouse
TXRH
$12.2B
| $41.4M | 0.37% |
788,659
+162,055
| +26% | +$8.6M |
2017 Q3
8 quarters
|
|
44
Monster Beverage
MNST
$90.9B
| $41.4M | 0.37% |
2,853,308
+399,272
| +16% | +$6.05M |
2018 Q3
4 quarters
|
|
|
45
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$47.6B
| $40.9M | 0.37% |
+285,900
| New | +$39.7M |
2019 Q3
0 quarters
|
|
46
General Motors
GM
$72.5B
| $40.8M | 0.36% |
1,087,947
+1,075,547
| +8,674% | +$41.4M |
2019 Q2
1 quarter
|
|
47
Altria Group
MO
$131B
| $40.5M | 0.36% |
989,184
+356,004
| +56% | +$16.4M |
2019 Q2
1 quarter
|
|
48
AutoZone
AZO
$52.5B
| $39M | 0.35% |
35,938
-18,751
| -34% | -$21M |
2017 Q3
8 quarters
|
|
49
VeriSign
VRSN
$28.1B
| $38.9M | 0.35% |
206,080
+84,385
| +69% | +$17.3M |
2018 Q4
3 quarters
|
|
50
Intel
INTC
$317B
| $38.5M | 0.34% |
746,666
+627,950
| +529% | +$30.9M |
2018 Q2
5 quarters
|
|
Similar funds
Squarepoint's Q3 2019 Portfolio in Review
As of Q3 2019, Squarepoint held 2,900 positions worth $11.2B, up 9.2% from $10.3B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Squarepoint deployed $835M of net new capital in Q3 2019, opening 574 new positions and adding to 959 existing holdings. Its largest new stake was State Street Communication Services Select Sector SPDR ETF: 3,258,265 shares worth $161M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 21% of assets, down from 21% a quarter earlier, followed by Technology and Miscellaneous.
On the sell side, the largest reduction was Celgene Corp, an estimated $93.4M trimmed.
- Squarepoint's largest Q3 2019 buy was State Street Communication Services Select Sector SPDR ETF: 3,258,265 shares worth $161M.
- Squarepoint added most to Costco in Q3 2019, an estimated $137M increase.
- Squarepoint's biggest Q3 2019 reduction was Celgene Corp, cutting an estimated $93.4M.
- Squarepoint fully exited Visa in Q3 2019, selling an estimated $54.9M.
- Squarepoint's ten largest holdings make up 11% of its $11.2B portfolio in Q3 2019.
- Squarepoint opened 574 new positions and closed 610 in Q3 2019.
- Squarepoint's portfolio value rose 9.2% quarter-over-quarter to $11.2B.
Based on Squarepoint's 13F filing for Q3 2019, filed 14 Nov 2019.