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
|
+$1.29B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$673M |
| 3 |
VanEck Semiconductor ETF
SMH
|
+$170M |
| 4 |
Oracle
ORCL
|
+$168M |
| 5 |
Chipotle Mexican Grill
CMG
|
+$154M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$210M |
| 2 |
UnitedHealth
UNH
|
+$158M |
| 3 |
Netflix
NFLX
|
+$140M |
| 4 |
Dollar General
DG
|
+$135M |
| 5 |
Micron Technology
MU
|
+$124M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 63.55% |
| 2 | Technology | 9.07% |
| 3 | Consumer Discretionary | 6% |
| 4 | Healthcare | 4.63% |
| 5 | Industrials | 4.29% |
| 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
$806B
| $303M | 0.5% |
556,300
-736,800
| -57% | -$386M |
2020 Q4
14 quarters
|
|
27
CALL
Amazon
AMZN
$2.88T
| $301M | 0.5% |
1,559,300
-708,500
| -31% | -$130M |
2020 Q2
16 quarters
|
|
28
CALL
iShares Russell 2000 ETF
IWM
$78.6B
| $300M | 0.5% |
1,479,500
-12,600
| -0.8% | -$2.55M |
2023 Q2
4 quarters
|
|
|
29
VanEck Semiconductor ETF
SMH
$65.6B
| $266M | 0.44% |
1,020,335
+723,874
| +244% | +$170M |
2023 Q2
4 quarters
|
|
30
CALL
Alphabet (Google) Class A
GOOGL
$3.61T
| $260M | 0.43% |
1,429,800
+116,400
| +9% | +$19.6M |
2023 Q2
4 quarters
|
|
31
PUT
iShares China Large-Cap ETF
FXI
$3.89B
| $256M | 0.42% |
9,857,500
+5,963,400
| +153% | +$157M |
2023 Q4
2 quarters
|
|
32
CALL
State Street Financial Select Sector SPDR ETF
XLF
$55.5B
| $249M | 0.41% |
6,068,000
+2,073,100
| +52% | +$85.3M |
2023 Q2
4 quarters
|
|
33
PUT
Pinduoduo
PDD
$112B
| $230M | 0.38% |
1,729,000
-57,600
| -3% | -$7.8M |
2021 Q1
13 quarters
|
|
|
34
CALL
Apple
AAPL
$5.17T
| $229M | 0.38% |
1,086,900
-95,300
| -8% | -$17.8M |
2020 Q2
16 quarters
|
|
35
Visa
V
$794B
| $223M | 0.37% |
848,668
-2,781
| -0.3% | -$762K |
2019 Q4
18 quarters
|
|
36
CALL
Tesla
TSLA
$1.54T
| $205M | 0.34% |
1,038,000
-224,200
| -18% | -$39.2M |
2020 Q4
14 quarters
|
|
37
Wingstop
WING
$4.51B
| $198M | 0.33% |
468,131
+105,561
| +29% | +$40.6M |
2022 Q2
8 quarters
|
|
|
38
PUT
State Street Financial Select Sector SPDR ETF
XLF
$55.5B
| $198M | 0.33% |
4,811,500
+505,000
| +12% | +$20.8M |
2023 Q2
4 quarters
|
|
|
39
Oracle
ORCL
$400B
| $198M | 0.33% |
1,400,071
+1,356,832
| +3,138% | +$168M |
2023 Q2
4 quarters
|
|
40
Costco
COST
$482B
| $197M | 0.33% |
231,921
-72,480
| -24% | -$56.6M |
2017 Q4
26 quarters
|
|
|
41
CALL
Pinduoduo
PDD
$112B
| $192M | 0.32% |
1,441,200
+261,900
| +22% | +$35.5M |
2022 Q1
9 quarters
|
|
42
Snowflake
SNOW
$106B
| $191M | 0.32% |
1,411,887
+838,523
| +146% | +$124M |
2023 Q3
3 quarters
|
|
43
Workday
WDAY
$46.1B
| $188M | 0.31% |
839,186
+413,183
| +97% | +$99.5M |
2020 Q3
15 quarters
|
|
44
Lowe's Companies
LOW
$130B
| $184M | 0.3% |
835,545
+344,603
| +70% | +$78.6M |
2022 Q2
8 quarters
|
|
45
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.6B
| $180M | 0.3% |
3,950,200
+3,033,600
| +331% | +$141M |
2023 Q2
4 quarters
|
|
46
iShares MSCI EAFE ETF
EFA
$77.7B
| $179M | 0.3% |
2,286,483
+1,469,234
| +180% | +$116M |
2023 Q2
4 quarters
|
|
47
CALL
iShares MSCI Brazil ETF
EWZ
$9.38B
| $171M | 0.28% |
6,268,400
+4,759,500
| +315% | +$144M |
2023 Q4
2 quarters
|
|
48
PUT
JPMorgan Chase
JPM
$912B
| $170M | 0.28% |
842,300
+306,800
| +57% | +$60M |
2020 Q2
16 quarters
|
|
|
49
Pinduoduo
PDD
$112B
| $168M | 0.28% |
1,259,953
-433,813
| -26% | -$58.7M |
2022 Q3
7 quarters
|
|
50
Bristol-Myers Squibb
BMY
$129B
| $165M | 0.27% |
3,969,219
+3,435,412
| +644% | +$154M |
2019 Q4
18 quarters
|
|
Similar funds
Squarepoint's Q2 2024 Portfolio in Review
As of Q2 2024, Squarepoint held 4,827 positions worth $60.5B, up 4.1% from $58.1B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Squarepoint deployed $2.56B of net new capital in Q2 2024, opening 882 new positions and adding to 1,455 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 1,286,013 shares worth $700M.
By sector, the portfolio is most concentrated in Miscellaneous at 64% of assets, up from 63% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Apple, an estimated $210M trimmed.
- Squarepoint's largest Q2 2024 buy was State Street SPDR S&P 500 ETF Trust: 1,286,013 shares worth $700M.
- Squarepoint added most to iShares Core S&P 500 ETF in Q2 2024, an estimated $1.29B increase.
- Squarepoint's biggest Q2 2024 reduction was Apple, cutting an estimated $210M.
- Squarepoint fully exited DraftKings in Q2 2024, selling an estimated $94.6M.
- Squarepoint's ten largest holdings make up 18% of its $60.5B portfolio in Q2 2024.
- Squarepoint opened 882 new positions and closed 849 in Q2 2024.
- Squarepoint's portfolio value rose 4.1% quarter-over-quarter to $60.5B.
Based on Squarepoint's 13F filing for Q2 2024, filed 14 Aug 2024.