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 | |
|---|---|---|---|---|---|---|---|
551
Broadridge
BR
$21.8B
| $512K | 0.03% |
+7,550
| New | +$515K |
2016 Q3
0 quarters
|
|
552
JB Hunt Transport Services
JBHT
$20.9B
| $511K | 0.03% |
+6,293
| New | +$514K |
2016 Q3
0 quarters
|
|
|
MDCO
553
DELISTED
Medicines Co
MDCO
| $509K | 0.03% |
+13,500
| New | +$509K |
2016 Q3
0 quarters
|
|
|
SGEN
554
DELISTED
Seagen Inc. Common Stock
SGEN
| $508K | 0.03% |
+9,400
| New | +$446K |
2016 Q3
0 quarters
|
|
555
Oil States International
OIS
$508M
| $506K | 0.03% |
16,021
+6,671
| +71% | +$205K |
2015 Q4
3 quarters
|
|
|
CDK
556
DELISTED
CDK Global, Inc.
CDK
| $506K | 0.03% |
+8,815
| New | +$507K |
2016 Q3
0 quarters
|
|
557
DELISTED
Patterson Companies, Inc.
PDCO
| $505K | 0.03% |
10,985
-4,771
| -30% | -$226K |
2016 Q2
1 quarter
|
|
|
ELLI
558
DELISTED
Ellie Mae Inc
ELLI
| $505K | 0.03% |
4,800
+1,800
| +60% | +$174K |
2016 Q2
1 quarter
|
|
559
Cabot Corp
CBT
$3.69B
| $504K | 0.03% |
9,609
-16,701
| -63% | -$827K |
2015 Q4
3 quarters
|
|
560
Fluor
FLR
$6.73B
| $504K | 0.03% |
9,819
-31,157
| -76% | -$1.61M |
2014 Q4
7 quarters
|
|
561
Verisk Analytics
VRSK
$25.7B
| $502K | 0.03% |
6,176
+798
| +15% | +$66K |
2016 Q1
2 quarters
|
|
|
DNY
562
DELISTED
DONNELLEY R R & SONS CO
DNY
| $501K | 0.03% |
31,892
+15,949
| +100% | +$251K |
2015 Q4
3 quarters
|
|
|
BRS
563
DELISTED
Bristow Group, Inc.
BRS
| $500K | 0.03% |
+35,644
| New | +$426K |
2016 Q3
0 quarters
|
|
564
Celldex Therapeutics
CLDX
$2.45B
| $497K | 0.03% |
8,200
+7,487
| +1,050% | +$466K |
2016 Q1
2 quarters
|
|
|
FNSR
565
DELISTED
Finisar Corp
FNSR
| $495K | 0.03% |
16,600
-26,124
| -61% | -$571K |
2016 Q2
1 quarter
|
|
|
QGENF
566
DELISTED
QIAGEN NV
QGENF
| $494K | 0.03% |
+18,000
| New | +$494K |
2016 Q3
0 quarters
|
|
567
Stellantis
STLA
$12.8B
| $493K | 0.03% |
77,321
-92,857
| -55% | -$610K |
2016 Q2
1 quarter
|
|
|
CXP
568
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $493K | 0.03% |
+22,005
| New | +$513K |
2016 Q3
0 quarters
|
|
|
PLKI
569
DELISTED
Popeyes Louisiana Kitchen, Inc.
PLKI
| $493K | 0.03% |
+9,282
| New | +$517K |
2016 Q3
0 quarters
|
|
570
Amdocs
DOX
$4.36B
| $492K | 0.03% |
8,500
+1,000
| +13% | +$58.9K |
2015 Q4
3 quarters
|
|
571
DELISTED
Chesapeake Energy Corporation
CHK
| $492K | 0.03% |
393
+206
| +110% | +$238K |
2015 Q4
3 quarters
|
|
572
Stagwell
STGW
$2.85B
| $491K | 0.03% |
+45,803
| New | +$646K |
2016 Q3
0 quarters
|
|
|
PF
573
DELISTED
Pinnacle Foods, Inc.
PF
| $491K | 0.03% |
9,782
-6,106
| -38% | -$302K |
2015 Q4
3 quarters
|
|
574
Harley-Davidson
HOG
$3.45B
| $488K | 0.03% |
9,283
-7,459
| -45% | -$386K |
2015 Q4
3 quarters
|
|
575
Brink's
BCO
$4.72B
| $482K | 0.03% |
+13,011
| New | +$447K |
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.