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
|
+$63.7M |
| 2 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$28.6M |
| 3 |
VanEck Gold Miners ETF
GDX
|
+$21.7M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$21.4M |
| 5 |
Conagra Brands
CAG
|
+$19.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$228M |
| 2 |
American International
AIG
|
+$18M |
| 3 |
EMC CORPORATION
EMC
|
+$14.6M |
| 4 |
General Dynamics
GD
|
+$14.4M |
| 5 |
PepsiCo
PEP
|
+$12.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 19.37% |
| 2 | Technology | 11.95% |
| 3 | Healthcare | 11.5% |
| 4 | Industrials | 10.87% |
| 5 | Consumer Discretionary | 10.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
SYNH
501
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $593K | 0.04% |
+13,300
| New | +$577K |
2016 Q3
0 quarters
|
|
|
BID
502
DELISTED
Sotheby's
BID
| $592K | 0.04% |
15,580
+281
| +2% | +$9.9K |
2015 Q4
3 quarters
|
|
503
Groupon
GRPN
$496M
| $589K | 0.04% |
5,715
+3,481
| +156% | +$339K |
2016 Q1
2 quarters
|
|
504
Archer Daniels Midland
ADM
$34.7B
| $588K | 0.04% |
13,947
-18,812
| -57% | -$813K |
2015 Q1
6 quarters
|
|
505
DELISTED
Mobileye N.V.
MBLY
| $586K | 0.04% |
13,769
+1,669
| +14% | +$77.2K |
2016 Q1
2 quarters
|
|
|
SPN
506
DELISTED
Superior Energy Services, Inc.
SPN
| $586K | 0.04% |
3,275
-1,034
| -24% | -$173K |
2015 Q4
3 quarters
|
|
507
AGNC Investment
AGNC
$10.5B
| $580K | 0.04% |
29,700
+14,100
| +90% | +$276K |
2015 Q4
3 quarters
|
|
508
H.B. Fuller
FUL
$2.65B
| $580K | 0.04% |
+12,476
| New | +$578K |
2016 Q3
0 quarters
|
|
509
LCI Industries
LCII
$2.39B
| $576K | 0.04% |
5,876
-1,445
| -20% | -$137K |
2016 Q2
1 quarter
|
|
510
Targa Resources
TRGP
$63.8B
| $575K | 0.04% |
11,700
+6,900
| +144% | +$300K |
2016 Q2
1 quarter
|
|
|
WRI
511
DELISTED
Weingarten Realty Investors
WRI
| $575K | 0.04% |
+14,745
| New | +$608K |
2016 Q3
0 quarters
|
|
512
Halliburton
HAL
$27.9B
| $574K | 0.04% |
12,786
-25,442
| -67% | -$1.11M |
2015 Q4
3 quarters
|
|
|
MJN
513
DELISTED
Mead Johnson Nutrition Company
MJN
| $573K | 0.04% |
7,247
+4,471
| +161% | +$381K |
2015 Q3
4 quarters
|
|
514
Bausch Health
BHC
$3.13B
| $572K | 0.04% |
+23,288
| New | +$603K |
2016 Q3
0 quarters
|
|
515
Hanover Insurance
THG
$8.53B
| $571K | 0.04% |
7,566
+2,856
| +61% | +$227K |
2016 Q2
1 quarter
|
|
516
Telefônica Brasil
VIV
$19.2B
| $571K | 0.04% |
39,457
+3,133
| +9% | +$45.6K |
2016 Q2
1 quarter
|
|
|
AERI
517
DELISTED
Aerie Pharmaceuticals
AERI
| $568K | 0.04% |
+15,043
| New | +$332K |
2016 Q3
0 quarters
|
|
518
Universal Health Services
UHS
$11.2B
| $567K | 0.04% |
4,605
-11,202
| -71% | -$1.42M |
2015 Q3
4 quarters
|
|
|
LM
519
DELISTED
Legg Mason, Inc.
LM
| $566K | 0.04% |
16,916
+1,962
| +13% | +$65.4K |
2016 Q2
1 quarter
|
|
520
Cinemark Holdings
CNK
$4.73B
| $565K | 0.04% |
+14,759
| New | +$559K |
2016 Q3
0 quarters
|
|
521
Nu Skin
NUS
$196M
| $564K | 0.04% |
8,700
+2,111
| +32% | +$119K |
2016 Q1
2 quarters
|
|
|
HRC
522
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $564K | 0.04% |
+9,103
| New | +$513K |
2016 Q3
0 quarters
|
|
523
DELISTED
CSRA Inc.
CSRA
| $562K | 0.04% |
20,888
-7,978
| -28% | -$206K |
2016 Q1
2 quarters
|
|
524
MSCI
MSCI
$47.1B
| $560K | 0.04% |
6,675
+2,470
| +59% | +$210K |
2015 Q2
5 quarters
|
|
525
Pitney Bowes
PBI
$2.11B
| $558K | 0.04% |
30,722
+19,001
| +162% | +$349K |
2015 Q4
3 quarters
|
|
Similar funds
Squarepoint's Q3 2016 Portfolio in Review
As of Q3 2016, Squarepoint held 1,524 positions worth $1.51B, down 6% from $1.6B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Squarepoint withdrew a net $125M in Q3 2016, closing 544 positions and reducing 270 holdings. Its most notable exit was EMC CORPORATION, an estimated $14.6M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 19% of assets, down from 22% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Squarepoint opened a new position in State Street SPDR S&P 500 ETF Trust worth $63.7M.
- Squarepoint's largest Q3 2016 buy was State Street SPDR S&P 500 ETF Trust: 294,609 shares worth $63.7M.
- Squarepoint added most to Bristol-Myers Squibb in Q3 2016, an estimated $21.4M increase.
- Squarepoint's biggest Q3 2016 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $228M.
- Squarepoint fully exited EMC CORPORATION in Q3 2016, selling an estimated $14.6M.
- Squarepoint's ten largest holdings make up 15% of its $1.51B portfolio in Q3 2016.
- Squarepoint opened 456 new positions and closed 544 in Q3 2016.
- Squarepoint's portfolio value fell 6% quarter-over-quarter to $1.51B.
Based on Squarepoint's 13F filing for Q3 2016, filed 15 Nov 2016.