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 | |
|---|---|---|---|---|---|---|---|
526
DELISTED
TruBridge
TBRG
| $558K | 0.04% |
+21,396
| New | +$672K |
2016 Q3
0 quarters
|
|
|
SAFM
527
DELISTED
Sanderson Farms Inc
SAFM
| $556K | 0.04% |
+5,768
| New | +$528K |
2016 Q3
0 quarters
|
|
528
First American
FAF
$7.01B
| $555K | 0.04% |
+14,140
| New | +$587K |
2016 Q3
0 quarters
|
|
529
Copa Holdings
CPA
$6.04B
| $554K | 0.04% |
+6,300
| New | +$478K |
2016 Q3
0 quarters
|
|
530
NRG Energy
NRG
$20.5B
| $554K | 0.04% |
49,411
+7,858
| +19% | +$102K |
2015 Q3
4 quarters
|
|
|
MNDT
531
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $551K | 0.04% |
+37,400
| New | +$574K |
2016 Q3
0 quarters
|
|
532
Pultegroup
PHM
$25.9B
| $549K | 0.04% |
+27,399
| New | +$568K |
2016 Q3
0 quarters
|
|
533
CBRE Group
CBRE
$39.8B
| $547K | 0.04% |
19,543
-17,824
| -48% | -$509K |
2016 Q2
1 quarter
|
|
534
PennyMac Mortgage Investment
PMT
$698M
| $543K | 0.04% |
34,821
+23,556
| +209% | +$367K |
2015 Q3
4 quarters
|
|
|
DNR
535
DELISTED
Denbury Resources, Inc.
DNR
| $541K | 0.04% |
167,560
-141,043
| -46% | -$431K |
2015 Q2
5 quarters
|
|
536
SITE Centers
SITC
$35.3M
| $540K | 0.04% |
24,059
+5,072
| +27% | +$122K |
2016 Q2
1 quarter
|
|
537
People Inc
PPLI
$3.26B
| $539K | 0.04% |
48,322
-85,212
| -64% | -$899K |
2016 Q1
2 quarters
|
|
538
Penumbra
PEN
$12.7B
| $536K | 0.04% |
+7,048
| New | +$486K |
2016 Q3
0 quarters
|
|
539
Red Rock Resorts
RRR
$2.97B
| $534K | 0.04% |
+22,621
| New | +$507K |
2016 Q3
0 quarters
|
|
540
Steris
STE
$25B
| $532K | 0.04% |
7,278
-67,364
| -90% | -$4.76M |
2015 Q4
3 quarters
|
|
541
DELISTED
G&K Services Inc
GK
| $529K | 0.04% |
+5,542
| New | +$490K |
2016 Q3
0 quarters
|
|
542
Franklin Templeton
BEN
$18.4B
| $527K | 0.04% |
14,817
-31,544
| -68% | -$1.12M |
2014 Q4
7 quarters
|
|
543
Manhattan Associates
MANH
$14.6B
| $526K | 0.03% |
9,121
-21,191
| -70% | -$1.28M |
2016 Q2
1 quarter
|
|
544
Advance Auto Parts
AAP
$2.77B
| $525K | 0.03% |
+3,521
| New | +$563K |
2016 Q3
0 quarters
|
|
545
Medical Properties Trust
MPT
$1.09B
| $525K | 0.03% |
+35,538
| New | +$538K |
2016 Q3
0 quarters
|
|
|
XL
546
DELISTED
XL Group Ltd.
XL
| $524K | 0.03% |
15,594
-128,698
| -89% | -$4.33M |
2016 Q1
2 quarters
|
|
547
Terex
TEX
$6.52B
| $522K | 0.03% |
+20,555
| New | +$479K |
2016 Q3
0 quarters
|
|
548
Apple
AAPL
$5.1T
| $521K | 0.03% |
18,448
-117,568
| -86% | -$3.11M |
2015 Q4
3 quarters
|
|
549
Canadian Natural Resources
CNQ
$97.8B
| $518K | 0.03% |
+33,031
| New | +$502K |
2016 Q3
0 quarters
|
|
|
NUVA
550
DELISTED
NuVasive, Inc.
NUVA
| $515K | 0.03% |
+7,725
| New | +$492K |
2016 Q3
0 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.