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 MIDCAP 400 ETF Trust
MDY
|
+$223M |
| 2 |
CVS Health
CVS
|
+$18.9M |
| 3 |
American International
AIG
|
+$16.3M |
| 4 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$13.4M |
| 5 |
TJX Companies
TJX
|
+$12.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chubb
CB
|
+$12.6M |
| 2 |
Crown Castle
CCI
|
+$7.91M |
| 3 |
Eli Lilly
LLY
|
+$7.58M |
| 4 |
RTX Corp
RTX
|
+$7.28M |
| 5 |
Deere & Co
DE
|
+$7.24M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 22.16% |
| 2 | Consumer Discretionary | 11.77% |
| 3 | Financials | 11.5% |
| 4 | Healthcare | 9.84% |
| 5 | Technology | 9.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
LGF
476
DELISTED
Lions Gate Entertainment
LGF
| $680K | 0.04% |
+33,600
| New | +$705K |
2016 Q2
0 quarters
|
|
477
Veeva Systems
VEEV
$50.1B
| $676K | 0.04% |
19,800
-19,400
| -49% | -$576K |
2016 Q1
1 quarter
|
|
478
DELISTED
CSRA Inc.
CSRA
| $676K | 0.04% |
28,866
-9,520
| -25% | -$239K |
2016 Q1
1 quarter
|
|
|
VR
479
DELISTED
Validus Hold Ltd
VR
| $667K | 0.04% |
13,726
+8,726
| +175% | +$409K |
2015 Q4
2 quarters
|
|
480
Jefferies Financial Group
JEF
$11.9B
| $663K | 0.04% |
42,707
-34,968
| -45% | -$534K |
2015 Q4
2 quarters
|
|
481
Truist Financial
TFC
$60.8B
| $658K | 0.04% |
18,483
-37,938
| -67% | -$1.33M |
2015 Q3
3 quarters
|
|
482
Antero Resources
AR
$11.6B
| $650K | 0.04% |
25,000
-59,145
| -70% | -$1.61M |
2016 Q1
1 quarter
|
|
483
Consolidated Edison
ED
$44.6B
| $649K | 0.04% |
8,072
+481
| +6% | +$36.1K |
2016 Q1
1 quarter
|
|
|
FRC
484
DELISTED
First Republic Bank
FRC
| $648K | 0.04% |
+9,263
| New | +$641K |
2016 Q2
0 quarters
|
|
|
JOY
485
DELISTED
Joy Global Inc
JOY
| $646K | 0.04% |
30,566
-57,996
| -65% | -$1.1M |
2015 Q2
4 quarters
|
|
486
Cracker Barrel
CBRL
$1.55B
| $645K | 0.04% |
3,761
-7,427
| -66% | -$1.16M |
2015 Q2
4 quarters
|
|
487
AGCO
AGCO
$7.73B
| $641K | 0.04% |
13,609
+1,918
| +16% | +$98.5K |
2015 Q3
3 quarters
|
|
488
RH
RH
$2.73B
| $641K | 0.04% |
+22,359
| New | +$800K |
2016 Q2
0 quarters
|
|
489
Insperity
NSP
$2B
| $640K | 0.04% |
16,584
+3,140
| +23% | +$102K |
2016 Q1
1 quarter
|
|
490
Texas Capital Bancshares
TCBI
$4.58B
| $640K | 0.04% |
+13,697
| New | +$614K |
2016 Q2
0 quarters
|
|
491
Children's Place
PLCE
$4.99M
| $638K | 0.04% |
7,956
+3,256
| +69% | +$245K |
2015 Q4
2 quarters
|
|
492
DELISTED
M.D.C. Holdings, Inc.
MDC
| $638K | 0.04% |
+36,404
| New | +$629K |
2016 Q2
0 quarters
|
|
493
DTE Energy
DTE
$28.4B
| $635K | 0.04% |
7,525
-20
| -0.3% | -$1.55K |
2015 Q3
3 quarters
|
|
494
Charles Schwab
SCHW
$161B
| $634K | 0.04% |
+25,066
| New | +$712K |
2016 Q2
0 quarters
|
|
|
SHPG
495
DELISTED
Shire pic
SHPG
| $633K | 0.04% |
+3,440
| New | +$621K |
2016 Q2
0 quarters
|
|
496
Equity Lifestyle Properties
ELS
$12.1B
| $632K | 0.04% |
+15,794
| New | +$573K |
2016 Q2
0 quarters
|
|
497
Interactive Brokers
IBKR
$35.3B
| $629K | 0.04% |
71,112
+980
| +1% | +$9.34K |
2015 Q3
3 quarters
|
|
498
Perrigo
PRGO
$2.28B
| $629K | 0.04% |
6,942
-3,017
| -30% | -$313K |
2015 Q3
3 quarters
|
|
|
CSH
499
DELISTED
CASH AMERICA INTERNATIONAL INC
CSH
| $627K | 0.04% |
+14,690
| New | +$568K |
2016 Q2
0 quarters
|
|
500
Fossil Group
FOSL
$436M
| $624K | 0.04% |
21,870
-7,403
| -25% | -$249K |
2015 Q3
3 quarters
|
|
Similar funds
Squarepoint's Q2 2016 Portfolio in Review
As of Q2 2016, Squarepoint held 1,549 positions worth $1.6B, up 24% from $1.29B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Squarepoint deployed $307M of net new capital in Q2 2016, opening 435 new positions and adding to 314 existing holdings. Its largest new stake was State Street SPDR S&P MIDCAP 400 ETF Trust: 833,964 shares worth $227M.
By sector, the portfolio is most concentrated in Miscellaneous at 22% of assets, up from 2.8% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Crown Castle, an estimated $7.91M trimmed.
- Squarepoint's largest Q2 2016 buy was State Street SPDR S&P MIDCAP 400 ETF Trust: 833,964 shares worth $227M.
- Squarepoint added most to CVS Health in Q2 2016, an estimated $18.9M increase.
- Squarepoint's biggest Q2 2016 reduction was Crown Castle, cutting an estimated $7.91M.
- Squarepoint fully exited Chubb in Q2 2016, selling an estimated $12.6M.
- Squarepoint's ten largest holdings make up 23% of its $1.6B portfolio in Q2 2016.
- Squarepoint opened 435 new positions and closed 482 in Q2 2016.
- Squarepoint's portfolio value rose 24% quarter-over-quarter to $1.6B.
Based on Squarepoint's 13F filing for Q2 2016, filed 15 Aug 2016.