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 Core S&P 500 ETF
IVV
|
+$1.06B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$196M |
| 3 |
Zillow
Z
|
+$118M |
| 4 |
Airbnb
ABNB
|
+$106M |
| 5 |
Snap
SNAP
|
+$84.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$928M |
| 2 |
Apple
AAPL
|
+$107M |
| 3 |
Palo Alto Networks
PANW
|
+$92.2M |
| 4 |
Chipotle Mexican Grill
CMG
|
+$59.8M |
| 5 |
Sherwin-Williams
SHW
|
+$51.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 57.78% |
| 2 | Technology | 8.77% |
| 3 | Consumer Discretionary | 8.07% |
| 4 | Healthcare | 5.18% |
| 5 | Communication Services | 4.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
26
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$800B
| $161M | 0.61% |
376,100
+141,800
| +61% | +$59.2M |
2020 Q4
2 quarters
|
|
|
27
Zillow
Z
$6.72B
| $159M | 0.61% |
1,303,906
+970,717
| +291% | +$118M |
2020 Q2
4 quarters
|
|
|
28
CALL
Invesco QQQ Trust
QQQ
$461B
| $152M | 0.58% |
427,700
+246,600
| +136% | +$82.9M |
2020 Q3
3 quarters
|
|
29
Amazon
AMZN
$2.88T
| $147M | 0.56% |
853,800
+89,240
| +12% | +$14.8M |
2017 Q2
16 quarters
|
|
30
PUT
NVIDIA
NVDA
$3.93T
| $144M | 0.55% |
7,224,000
+2,252,000
| +45% | +$36.1M |
2020 Q2
4 quarters
|
|
31
Walt Disney
DIS
$205B
| $138M | 0.52% |
785,456
+428,218
| +120% | +$77M |
2020 Q3
3 quarters
|
|
32
PUT
Lyft
LYFT
$6.42B
| $135M | 0.51% |
2,232,400
+1,562,100
| +233% | +$89.8M |
2020 Q4
2 quarters
|
|
33
Coca-Cola
KO
$427B
| $129M | 0.49% |
2,382,789
+1,114,043
| +88% | +$60.6M |
2019 Q1
9 quarters
|
|
34
Mastercard
MA
$576B
| $126M | 0.48% |
345,438
+220,297
| +176% | +$81.9M |
2020 Q4
2 quarters
|
|
35
TJX Companies
TJX
$148B
| $123M | 0.47% |
1,830,754
+485,774
| +36% | +$33.1M |
2020 Q3
3 quarters
|
|
36
Verizon
VZ
$192B
| $123M | 0.47% |
2,194,119
+1,194,952
| +120% | +$68.6M |
2020 Q4
2 quarters
|
|
37
PUT
Biogen
BIIB
$37.5B
| $117M | 0.45% |
338,100
+314,200
| +1,315% | +$95.2M |
2021 Q1
1 quarter
|
|
38
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
| $115M | 0.44% |
+1,303,000
| New | +$114M |
2021 Q2
0 quarters
|
|
39
Alphabet (Google) Class C
GOOG
$3.6T
| $113M | 0.43% |
898,800
+260,040
| +41% | +$31M |
2019 Q4
6 quarters
|
|
40
Analog Devices
ADI
$193B
| $111M | 0.42% |
646,616
+441,028
| +215% | +$70.7M |
2020 Q3
3 quarters
|
|
41
Hilton Worldwide Holdings Inc. Common Stock
HLT
$83B
| $108M | 0.41% |
896,093
+571,270
| +176% | +$71.3M |
2020 Q4
2 quarters
|
|
42
CALL
Microsoft
MSFT
$3.89T
| $106M | 0.4% |
389,700
-14,400
| -4% | -$3.66M |
2020 Q2
4 quarters
|
|
|
43
Airbnb
ABNB
$110B
| $105M | 0.4% |
684,731
+672,951
| +5,713% | +$106M |
2020 Q4
2 quarters
|
|
44
CALL
Tesla
TSLA
$1.54T
| $102M | 0.39% |
451,500
+333,300
| +282% | +$72.4M |
2020 Q4
2 quarters
|
|
45
Workday
WDAY
$47.3B
| $98.4M | 0.37% |
412,186
+262,863
| +176% | +$63.2M |
2020 Q3
3 quarters
|
|
|
46
CALL
Alphabet (Google) Class C
GOOG
$3.6T
| $98.2M | 0.37% |
784,000
+436,000
| +125% | +$52M |
2020 Q2
4 quarters
|
|
47
CALL
Okta
OKTA
$32B
| $95.7M | 0.36% |
+391,100
| New | +$94.4M |
2021 Q2
0 quarters
|
|
|
COUP
48
PUT
DELISTED
Coupa Software Incorporated
COUP
| $95.5M | 0.36% |
364,300
+169,900
| +87% | +$42.1M |
2020 Q4
2 quarters
|
|
49
CALL
Comcast
CMCSA
$89.3B
| $95.4M | 0.36% |
1,672,500
+816,000
| +95% | +$45.6M |
2020 Q2
4 quarters
|
|
50
PUT
Datadog
DDOG
$66.5B
| $94.8M | 0.36% |
910,400
+448,500
| +97% | +$40.5M |
2020 Q4
2 quarters
|
|
Similar funds
Squarepoint's Q2 2021 Portfolio in Review
As of Q2 2021, Squarepoint held 4,036 positions worth $26.3B, up 54% from $17.1B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Squarepoint deployed $2.17B of net new capital in Q2 2021, opening 994 new positions and adding to 1,114 existing holdings. Its largest new stake was State Street Industrial Select Sector SPDR ETF: 633,432 shares worth $64.9M.
By sector, the portfolio is most concentrated in Miscellaneous at 58% of assets, up from 48% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $928M trimmed.
- Squarepoint's largest Q2 2021 buy was State Street Industrial Select Sector SPDR ETF: 633,432 shares worth $64.9M.
- Squarepoint added most to iShares Core S&P 500 ETF in Q2 2021, an estimated $1.06B increase.
- Squarepoint's biggest Q2 2021 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $928M.
- Squarepoint fully exited Block Inc in Q2 2021, selling an estimated $50M.
- Squarepoint's ten largest holdings make up 18% of its $26.3B portfolio in Q2 2021.
- Squarepoint opened 994 new positions and closed 872 in Q2 2021.
- Squarepoint's portfolio value rose 54% quarter-over-quarter to $26.3B.
Based on Squarepoint's 13F filing for Q2 2021, filed 16 Aug 2021.