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 China Large-Cap ETF
FXI
|
+$40.5M |
| 2 |
S&P Global
SPGI
|
+$30.2M |
| 3 |
Medtronic
MDT
|
+$25.3M |
| 4 |
iShares MSCI Japan ETF
EWJ
|
+$23.2M |
| 5 |
Northrop Grumman
NOC
|
+$20.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$63.7M |
| 2 |
Conagra Brands
CAG
|
+$20.3M |
| 3 |
VanEck Gold Miners ETF
GDX
|
+$20M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$18.2M |
| 5 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$15.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 13.74% |
| 2 | Healthcare | 12.91% |
| 3 | Technology | 11.18% |
| 4 | Consumer Discretionary | 11.04% |
| 5 | Industrials | 10.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
AUY
526
DELISTED
Yamana Gold, Inc.
AUY
| $964K | 0.04% |
+343,235
| New | +$1.12M |
2016 Q4
0 quarters
|
|
|
SPN
527
DELISTED
Superior Energy Services, Inc.
SPN
| $963K | 0.04% |
5,705
+2,430
| +74% | +$406K |
2015 Q4
4 quarters
|
|
528
DELISTED
Skechers
SKX
| $958K | 0.04% |
+38,970
| New | +$899K |
2016 Q4
0 quarters
|
|
529
British American Tobacco
BTI
$131B
| $956K | 0.04% |
16,972
+12,552
| +284% | +$711K |
2016 Q3
1 quarter
|
|
530
Goldman Sachs
GS
$264B
| $955K | 0.04% |
3,988
-1,040
| -21% | -$211K |
2015 Q4
4 quarters
|
|
|
TLRD
531
DELISTED
Tailored Brands, Inc.
TLRD
| $950K | 0.04% |
+37,182
| New | +$719K |
2016 Q4
0 quarters
|
|
532
Block Inc
XYZ
$49.7B
| $949K | 0.04% |
69,600
+33,700
| +94% | +$419K |
2016 Q3
1 quarter
|
|
533
Molson Coors Class B
TAP
$7.33B
| $936K | 0.04% |
+9,619
| New | +$981K |
2016 Q4
0 quarters
|
|
|
NTUS
534
DELISTED
Natus Medical Inc
NTUS
| $935K | 0.04% |
+26,858
| New | +$1.05M |
2016 Q4
0 quarters
|
|
535
Openlane
OPLN
$4.22B
| $933K | 0.04% |
57,860
+35,667
| +161% | +$569K |
2015 Q4
4 quarters
|
|
536
Covista Inc
CVSA
$3.96B
| $929K | 0.04% |
29,790
+17,228
| +137% | +$466K |
2016 Q3
1 quarter
|
|
537
Fortune Brands Innovations
FBIN
$5.64B
| $928K | 0.04% |
20,317
-20,516
| -50% | -$968K |
2016 Q3
1 quarter
|
|
|
WNR
538
DELISTED
Western Refining Inc
WNR
| $927K | 0.04% |
24,485
-58,852
| -71% | -$1.94M |
2015 Q4
4 quarters
|
|
539
DELISTED
Berry Global Group, Inc.
BERY
| $926K | 0.04% |
+20,684
| New | +$885K |
2016 Q4
0 quarters
|
|
|
CLVS
540
DELISTED
Clovis Oncology, Inc.
CLVS
| $925K | 0.04% |
20,813
+13,813
| +197% | +$486K |
2016 Q3
1 quarter
|
|
|
SCG
541
DELISTED
Scana
SCG
| $923K | 0.04% |
12,594
+3,477
| +38% | +$248K |
2016 Q2
2 quarters
|
|
542
Yum China
YUMC
$16.6B
| $920K | 0.04% |
+35,238
| New | +$959K |
2016 Q4
0 quarters
|
|
|
WLB
543
DELISTED
Westmoreland Coal Company
WLB
| $919K | 0.04% |
52,023
+40,423
| +348% | +$564K |
2016 Q3
1 quarter
|
|
544
Kosmos Energy
KOS
$1.3B
| $918K | 0.04% |
131,010
+114,777
| +707% | +$653K |
2016 Q2
2 quarters
|
|
545
Pan American Silver
PAAS
$15.6B
| $915K | 0.04% |
60,713
+16,213
| +36% | +$261K |
2016 Q3
1 quarter
|
|
546
Williams-Sonoma
WSM
$29.5B
| $912K | 0.04% |
+37,682
| New | +$960K |
2016 Q4
0 quarters
|
|
|
VWR
547
DELISTED
VWR Corporation
VWR
| $911K | 0.04% |
+36,400
| New | +$967K |
2016 Q4
0 quarters
|
|
548
Invesco
IVZ
$12.5B
| $903K | 0.04% |
29,751
+21,191
| +248% | +$652K |
2015 Q2
6 quarters
|
|
|
KS
549
DELISTED
KapStone Paper and Pack Corp.
KS
| $902K | 0.04% |
40,899
-18,371
| -31% | -$373K |
2015 Q4
4 quarters
|
|
550
Chord Energy
CHRD
$7.82B
| $901K | 0.04% |
59,500
-78,887
| -57% | -$1.02M |
2015 Q4
4 quarters
|
|
Similar funds
Squarepoint's Q4 2016 Portfolio in Review
As of Q4 2016, Squarepoint held 2,060 positions worth $2.44B, up 62% from $1.51B the previous quarter. Its ten largest holdings account for 9.6% of the portfolio.
Squarepoint deployed $913M of net new capital in Q4 2016, opening 1,079 new positions and adding to 424 existing holdings. Its largest new stake was S&P Global: 252,484 shares worth $27.2M.
By sector, the portfolio is most concentrated in Miscellaneous at 14% of assets, down from 19% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was Conagra Brands, an estimated $20.3M trimmed.
- Squarepoint's largest Q4 2016 buy was S&P Global: 252,484 shares worth $27.2M.
- Squarepoint added most to iShares China Large-Cap ETF in Q4 2016, an estimated $40.5M increase.
- Squarepoint's biggest Q4 2016 reduction was Conagra Brands, cutting an estimated $20.3M.
- Squarepoint fully exited State Street SPDR S&P 500 ETF Trust in Q4 2016, selling an estimated $63.7M.
- Squarepoint's ten largest holdings make up 9.6% of its $2.44B portfolio in Q4 2016.
- Squarepoint opened 1,079 new positions and closed 329 in Q4 2016.
- Squarepoint's portfolio value rose 62% quarter-over-quarter to $2.44B.
Based on Squarepoint's 13F filing for Q4 2016, filed 14 Feb 2017.