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 SPDR S&P 500 ETF Trust
SPY
|
+$271M |
| 2 |
Apple
AAPL
|
+$181M |
| 3 |
Microsoft
MSFT
|
+$171M |
| 4 |
Starbucks
SBUX
|
+$128M |
| 5 |
AutoZone
AZO
|
+$113M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$208M |
| 2 |
Walmart Inc
WMT
|
+$116M |
| 3 |
Amazon
AMZN
|
+$84.2M |
| 4 |
S&P Global
SPGI
|
+$75.7M |
| 5 |
Cummins
CMI
|
+$66.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 48.34% |
| 2 | Technology | 11.79% |
| 3 | Consumer Discretionary | 9.65% |
| 4 | Healthcare | 6.66% |
| 5 | Financials | 5.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
Royal Caribbean
RCL
$90.9B
| $133M | 0.41% |
1,282,145
-184,800
| -13% | -$14.5M |
2020 Q3
11 quarters
|
|
27
CVS Health
CVS
$114B
| $132M | 0.4% |
1,909,925
-187,479
| -9% | -$13.3M |
2020 Q1
13 quarters
|
|
28
NVIDIA
NVDA
$4.08T
| $129M | 0.39% |
3,038,180
-770,410
| -20% | -$25.6M |
2019 Q3
15 quarters
|
|
29
Boeing
BA
$137B
| $128M | 0.39% |
607,142
+485,862
| +401% | +$101M |
2020 Q2
12 quarters
|
|
30
Sherwin-Williams
SHW
$85.8B
| $127M | 0.39% |
477,693
-86,437
| -15% | -$20.3M |
2018 Q4
18 quarters
|
|
31
Ulta Beauty
ULTA
$28.4B
| $126M | 0.39% |
268,402
-39,547
| -13% | -$19.4M |
2021 Q2
8 quarters
|
|
|
32
Amazon
AMZN
$2.93T
| $125M | 0.38% |
955,410
-737,456
| -44% | -$84.2M |
2017 Q2
24 quarters
|
|
33
CALL
Meta Platforms (Facebook)
META
$1.64T
| $119M | 0.36% |
414,200
+277,200
| +202% | +$68.4M |
2020 Q2
12 quarters
|
|
34
Bank of America
BAC
$350B
| $116M | 0.35% |
4,027,834
+3,689,872
| +1,092% | +$105M |
2020 Q2
12 quarters
|
|
35
CALL
iShares Silver Trust
SLV
$25B
| $115M | 0.35% |
5,500,000
| – | – |
2022 Q3
3 quarters
|
|
|
36
CALL
NVIDIA
NVDA
$4.08T
| $115M | 0.35% |
2,710,000
+1,362,000
| +101% | +$45.2M |
2020 Q3
11 quarters
|
|
37
Chevron
CVX
$412B
| $113M | 0.35% |
718,352
+344,302
| +92% | +$55.2M |
2022 Q2
4 quarters
|
|
38
TJX Companies
TJX
$151B
| $113M | 0.34% |
1,328,033
-220,366
| -14% | -$17.4M |
2022 Q4
2 quarters
|
|
39
Amgen
AMGN
$252B
| $106M | 0.33% |
478,484
+166,100
| +53% | +$38.5M |
2020 Q4
10 quarters
|
|
40
Alphabet (Google) Class A
GOOGL
$3.53T
| $105M | 0.32% |
877,668
+542,154
| +162% | +$62.4M |
2023 Q1
1 quarter
|
|
41
State Street SPDR Portfolio Intermediate Term Corporate Bond Index ETF
SPIB
$11.3B
| $104M | 0.32% |
3,249,221
+2,645,451
| +438% | +$85.4M |
2023 Q1
1 quarter
|
|
|
42
PUT
Microsoft
MSFT
$3.96T
| $103M | 0.32% |
302,200
+198,500
| +191% | +$62.2M |
2020 Q2
12 quarters
|
|
|
43
CALL
Amazon
AMZN
$2.93T
| $102M | 0.31% |
786,200
-551,500
| -41% | -$63M |
2020 Q2
12 quarters
|
|
44
HubSpot
HUBS
$9.6B
| $102M | 0.31% |
192,100
+75,604
| +65% | +$35.4M |
2020 Q4
10 quarters
|
|
45
Honeywell
HON
$72.3B
| $101M | 0.31% |
518,708
-117,282
| -18% | -$21.8M |
2022 Q3
3 quarters
|
|
46
Palo Alto Networks
PANW
$267B
| $100M | 0.31% |
781,098
+739,828
| +1,793% | +$77M |
2022 Q1
5 quarters
|
|
47
Darden Restaurants
DRI
$25.9B
| $98.8M | 0.3% |
591,292
+127,038
| +27% | +$20M |
2023 Q1
1 quarter
|
|
48
PUT
Airbnb
ABNB
$110B
| $98.5M | 0.3% |
768,400
+113,000
| +17% | +$13.2M |
2021 Q1
9 quarters
|
|
49
Dollar General
DG
$30.3B
| $97.5M | 0.3% |
574,242
+219,522
| +62% | +$43.4M |
2022 Q4
2 quarters
|
|
50
Spotify
SPOT
$125B
| $96.6M | 0.3% |
601,847
+523,497
| +668% | +$75.9M |
2018 Q4
18 quarters
|
|
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Squarepoint's Q2 2023 Portfolio in Review
As of Q2 2023, Squarepoint held 4,209 positions worth $32.7B, up 33% from $24.5B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Squarepoint deployed $3.33B of net new capital in Q2 2023, opening 1,041 new positions and adding to 1,324 existing holdings. Its largest new stake was Home Depot: 275,512 shares worth $85.6M.
By sector, the portfolio is most concentrated in Miscellaneous at 48% of assets, up from 47% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Walmart Inc, an estimated $116M trimmed.
- Squarepoint's largest Q2 2023 buy was Home Depot: 275,512 shares worth $85.6M.
- Squarepoint added most to State Street SPDR S&P 500 ETF Trust in Q2 2023, an estimated $271M increase.
- Squarepoint's biggest Q2 2023 reduction was Walmart Inc, cutting an estimated $116M.
- Squarepoint fully exited iShares iBoxx $ High Yield Corporate Bond ETF in Q2 2023, selling an estimated $208M.
- Squarepoint's ten largest holdings make up 12% of its $32.7B portfolio in Q2 2023.
- Squarepoint opened 1,041 new positions and closed 704 in Q2 2023.
- Squarepoint's portfolio value rose 33% quarter-over-quarter to $32.7B.
Based on Squarepoint's 13F filing for Q2 2023, filed 14 Aug 2023.