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 |
Berkshire Hathaway Class A
BRK.A
|
+$15.3B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$195M |
| 3 |
Vanguard Morningstar Growth ETF
VUG
|
+$163M |
| 4 |
Comcast
CMCSA
|
+$163M |
| 5 |
Intuit
INTU
|
+$106M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Home Depot
HD
|
+$131M |
| 2 |
Airbnb
ABNB
|
+$103M |
| 3 |
Dollar General
DG
|
+$96.1M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$73M |
| 5 |
Match Group
MTCH
|
+$69.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 47.99% |
| 2 | Consumer Discretionary | 10.12% |
| 3 | Technology | 9.46% |
| 4 | Healthcare | 6.19% |
| 5 | Industrials | 5.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
Paychex
PAYX
$41.2B
| $93.8M | 0.47% |
835,709
+97,707
| +13% | +$12.1M |
2019 Q2
13 quarters
|
|
27
PUT
ON Semiconductor
ON
$27.7B
| $92.3M | 0.47% |
1,480,700
+700,900
| +90% | +$45.1M |
2021 Q1
6 quarters
|
|
28
PUT
Microsoft
MSFT
$3.89T
| $89.7M | 0.45% |
385,300
-24,000
| -6% | -$6.34M |
2020 Q2
9 quarters
|
|
29
Humana
HUM
$54B
| $89.6M | 0.45% |
184,720
+102,178
| +124% | +$49.7M |
2016 Q1
26 quarters
|
|
30
PUT
iShares MSCI Emerging Markets ETF
EEM
$28.2B
| $88.9M | 0.45% |
2,548,100
+2,397,900
| +1,596% | +$93.6M |
2022 Q1
2 quarters
|
|
31
CALL
iShares Silver Trust
SLV
$23.8B
| $87.5M | 0.44% |
+5,000,000
| New | +$88.6M |
2022 Q3
0 quarters
|
|
|
32
CALL
Airbnb
ABNB
$110B
| $84M | 0.42% |
799,800
+58,100
| +8% | +$6.44M |
2021 Q3
4 quarters
|
|
33
Visa
V
$794B
| $80.9M | 0.41% |
455,338
+33,922
| +8% | +$6.9M |
2019 Q4
11 quarters
|
|
|
TWTR
34
CALL
DELISTED
Twitter, Inc.
TWTR
| $80.3M | 0.41% |
1,832,100
+1,788,500
| +4,102% | +$72.8M |
2021 Q2
5 quarters
|
|
35
Workday
WDAY
$47.3B
| $78.4M | 0.4% |
515,274
-377,465
| -42% | -$59.1M |
2020 Q3
8 quarters
|
|
36
GE Aerospace
GE
$344B
| $75.4M | 0.38% |
1,955,682
+162,252
| +9% | +$7.13M |
2021 Q2
5 quarters
|
|
37
Automatic Data Processing
ADP
$122B
| $74M | 0.37% |
327,378
+258,832
| +378% | +$61.1M |
2018 Q4
15 quarters
|
|
38
S&P Global
SPGI
$137B
| $70.4M | 0.36% |
230,563
+218,208
| +1,766% | +$78.1M |
2020 Q4
7 quarters
|
|
39
PUT
Zscaler
ZS
$31.4B
| $70M | 0.35% |
425,700
-134,000
| -24% | -$21.9M |
2020 Q4
7 quarters
|
|
40
PUT
iShares Russell 2000 ETF
IWM
$77.1B
| $69.4M | 0.35% |
420,600
+391,100
| +1,326% | +$71.3M |
2022 Q2
1 quarter
|
|
41
Constellation Brands
STZ
$24.6B
| $67.8M | 0.34% |
295,405
+216,832
| +276% | +$52.8M |
2019 Q2
13 quarters
|
|
42
PUT
Alphabet (Google) Class C
GOOG
$3.6T
| $65.5M | 0.33% |
681,000
+625,000
| +1,116% | +$69.8M |
2020 Q2
9 quarters
|
|
43
PUT
Bank of America
BAC
$352B
| $64.5M | 0.33% |
2,136,300
+1,006,900
| +89% | +$33.7M |
2021 Q3
4 quarters
|
|
44
Norwegian Cruise Line
NCLH
$8.25B
| $62.6M | 0.32% |
5,510,463
+1,911,728
| +53% | +$25.2M |
2021 Q4
3 quarters
|
|
45
PUT
NVIDIA
NVDA
$3.93T
| $61.6M | 0.31% |
5,074,000
-517,000
| -9% | -$8.17M |
2020 Q2
9 quarters
|
|
46
CALL
Tesla
TSLA
$1.54T
| $61.5M | 0.31% |
231,700
+65,200
| +39% | +$18.2M |
2020 Q4
7 quarters
|
|
47
Clorox
CLX
$13.3B
| $59.7M | 0.3% |
464,914
-21,548
| -4% | -$3.11M |
2019 Q1
14 quarters
|
|
|
48
iShares Russell 2000 ETF
IWM
$77.1B
| $59.4M | 0.3% |
+360,179
| New | +$65.7M |
2022 Q3
0 quarters
|
|
|
49
CALL
iShares MSCI Emerging Markets ETF
EEM
$28.2B
| $59.3M | 0.3% |
1,698,800
+1,282,700
| +308% | +$50.1M |
2022 Q1
2 quarters
|
|
50
PUT
United States Oil Fund
USO
$1.85B
| $58.8M | 0.3% |
900,000
+300,000
| +50% | +$22M |
2022 Q2
1 quarter
|
|
Similar funds
Squarepoint's Q3 2022 Portfolio in Review
As of Q3 2022, Squarepoint held 3,672 positions worth $19.8B, up 10% from $18B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Squarepoint deployed $16.4B of net new capital in Q3 2022, opening 862 new positions and adding to 1,122 existing holdings. Its largest new stake was Berkshire Hathaway Class A: 35,683 shares worth $13.2M.
By sector, the portfolio is most concentrated in Miscellaneous at 48% of assets, up from 43% a quarter earlier, followed by Consumer Discretionary and Technology.
On the sell side, the largest reduction was Airbnb, an estimated $103M trimmed.
- Squarepoint's largest Q3 2022 buy was Berkshire Hathaway Class A: 35,683 shares worth $13.2M.
- Squarepoint added most to Vanguard Morningstar Growth ETF in Q3 2022, an estimated $163M increase.
- Squarepoint's biggest Q3 2022 reduction was Airbnb, cutting an estimated $103M.
- Squarepoint fully exited Home Depot in Q3 2022, selling an estimated $131M.
- Squarepoint's ten largest holdings make up 13% of its $19.8B portfolio in Q3 2022.
- Squarepoint opened 862 new positions and closed 735 in Q3 2022.
- Squarepoint's portfolio value rose 10% quarter-over-quarter to $19.8B.
Based on Squarepoint's 13F filing for Q3 2022, filed 14 Nov 2022.