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 |
CSX Corp
CSX
|
+$99.5M |
| 2 |
Sherwin-Williams
SHW
|
+$80.5M |
| 3 |
GE Aerospace
GE
|
+$78.7M |
| 4 |
Royal Caribbean
RCL
|
+$78.5M |
| 5 |
Workday
WDAY
|
+$74M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Snap
SNAP
|
+$170M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$128M |
| 3 |
Zoom
ZM
|
+$120M |
| 4 |
Citigroup
C
|
+$111M |
| 5 |
Apple
AAPL
|
+$101M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 42.69% |
| 2 | Consumer Discretionary | 12.52% |
| 3 | Technology | 10.84% |
| 4 | Industrials | 6.37% |
| 5 | Healthcare | 6.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
PUT
NVIDIA
NVDA
$4.39T
| $84.8M | 0.47% |
5,591,000
-2,971,000
| -35% | -$56.1M |
2020 Q2
8 quarters
|
|
27
Paychex
PAYX
$42.5B
| $84M | 0.47% |
738,002
+354,495
| +92% | +$44.5M |
2019 Q2
12 quarters
|
|
28
PUT
Zscaler
ZS
$33.2B
| $83.7M | 0.47% |
559,700
-352,900
| -39% | -$62.4M |
2020 Q4
6 quarters
|
|
29
Visa
V
$790B
| $83M | 0.46% |
421,416
+114,674
| +37% | +$23.7M |
2019 Q4
10 quarters
|
|
30
Amgen
AMGN
$249B
| $80.6M | 0.45% |
331,369
+246,490
| +290% | +$60.4M |
2020 Q4
6 quarters
|
|
31
Palo Alto Networks
PANW
$258B
| $80.5M | 0.45% |
977,358
+521,424
| +114% | +$46.2M |
2022 Q1
1 quarter
|
|
32
CALL
Comcast
CMCSA
$88.6B
| $78.9M | 0.44% |
2,011,500
-1,119,400
| -36% | -$48M |
2020 Q2
8 quarters
|
|
33
CALL
Zillow
Z
$6.81B
| $78.6M | 0.44% |
2,476,700
+766,900
| +45% | +$30.8M |
2021 Q2
4 quarters
|
|
34
Datadog
DDOG
$62.7B
| $76.9M | 0.43% |
807,140
+327,521
| +68% | +$36M |
2020 Q3
7 quarters
|
|
|
35
NVIDIA
NVDA
$4.39T
| $76.4M | 0.43% |
5,040,230
+3,137,650
| +165% | +$59.2M |
2019 Q3
11 quarters
|
|
36
Starbucks
SBUX
$121B
| $76.1M | 0.42% |
996,188
-695,671
| -41% | -$53.4M |
2020 Q4
6 quarters
|
|
|
37
PUT
Workday
WDAY
$48.2B
| $75.8M | 0.42% |
543,400
-291,100
| -35% | -$52.9M |
2020 Q4
6 quarters
|
|
38
PUT
Alphabet (Google) Class A
GOOGL
$3.47T
| $75M | 0.42% |
686,000
-668,000
| -49% | -$78.6M |
2020 Q2
8 quarters
|
|
39
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.6B
| $73.6M | 0.41% |
1,000,000
-1,992,800
| -67% | -$155M |
2022 Q1
1 quarter
|
|
|
40
PUT
Zoom
ZM
$25.9B
| $73.2M | 0.41% |
677,600
-681,800
| -50% | -$71.9M |
2020 Q4
6 quarters
|
|
41
Berkshire Hathaway Class B
BRK.B
$1.23T
| $73M | 0.41% |
267,392
+219,345
| +457% | +$68.8M |
2020 Q3
7 quarters
|
|
|
42
GE Aerospace
GE
$327B
| $71.1M | 0.4% |
1,793,430
+1,623,797
| +957% | +$78.7M |
2021 Q2
4 quarters
|
|
|
43
PUT
Zillow
Z
$6.81B
| $70.6M | 0.39% |
2,225,100
-1,962,100
| -47% | -$78.8M |
2020 Q4
6 quarters
|
|
44
Lockheed Martin
LMT
$133B
| $70M | 0.39% |
162,810
+92,015
| +130% | +$40.4M |
2020 Q2
8 quarters
|
|
45
Kroger
KR
$41B
| $69.9M | 0.39% |
1,476,137
+1,159,934
| +367% | +$61.8M |
2020 Q4
6 quarters
|
|
46
3M
MMM
$96.8B
| $69.8M | 0.39% |
645,081
-219,772
| -25% | -$26.6M |
2020 Q4
6 quarters
|
|
47
Clorox
CLX
$12.1B
| $68.6M | 0.38% |
486,462
+386,055
| +384% | +$55.2M |
2019 Q1
13 quarters
|
|
48
Domino's
DPZ
$11.2B
| $68.1M | 0.38% |
174,833
+66,357
| +61% | +$24.5M |
2018 Q1
17 quarters
|
|
49
General Motors
GM
$75.8B
| $66.7M | 0.37% |
2,100,998
+1,758,997
| +514% | +$66M |
2019 Q2
12 quarters
|
|
50
PUT
Tesla
TSLA
$1.36T
| $66.6M | 0.37% |
296,700
-12,300
| -4% | -$3.36M |
2020 Q4
6 quarters
|
|
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Squarepoint's Q2 2022 Portfolio in Review
As of Q2 2022, Squarepoint held 3,640 positions worth $18B, down 23% from $23.4B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Squarepoint's Q2 2022 filing shows 900 new, 972 increased, 837 reduced and 830 closed positions. Its largest new stake was McDonald's: 266,402 shares worth $65.8M. The largest sale was Snap, an estimated $170M.
By sector, the portfolio is most concentrated in Miscellaneous at 43% of assets, down from 46% a quarter earlier, followed by Consumer Discretionary and Technology.
- Squarepoint's largest Q2 2022 buy was McDonald's: 266,402 shares worth $65.8M.
- Squarepoint added most to CSX Corp in Q2 2022, an estimated $99.5M increase.
- Squarepoint's biggest Q2 2022 reduction was Snap, cutting an estimated $170M.
- Squarepoint fully exited Invesco QQQ Trust in Q2 2022, selling an estimated $128M.
- Squarepoint's ten largest holdings make up 12% of its $18B portfolio in Q2 2022.
- Squarepoint opened 900 new positions and closed 830 in Q2 2022.
- Squarepoint's portfolio value fell 23% quarter-over-quarter to $18B.
Based on Squarepoint's 13F filing for Q2 2022, filed 15 Aug 2022.