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 | |
|---|---|---|---|---|---|---|---|
551
Caleres
CAL
$455M
| $896K | 0.04% |
+27,301
| New | +$801K |
2016 Q4
0 quarters
|
|
552
Goldgroup Mining
GORO
$554M
| $895K | 0.04% |
+51,431
| New | +$1.01M |
2016 Q4
0 quarters
|
|
553
Regency Centers
REG
$13.9B
| $895K | 0.04% |
+12,982
| New | +$904K |
2016 Q4
0 quarters
|
|
554
DELISTED
Flexion Therapeutics, Inc.
FLXN
| $895K | 0.04% |
+47,033
| New | +$899K |
2016 Q4
0 quarters
|
|
555
Nuveen California Quality Municipal Income Fund
NAC
$1.57B
| $889K | 0.04% |
+62,900
| New | +$922K |
2016 Q4
0 quarters
|
|
556
Leidos
LDOS
$16B
| $888K | 0.04% |
17,364
-64,108
| -79% | -$3M |
2015 Q4
4 quarters
|
|
557
Brightstar Lottery PLC
BRSL
$1.75B
| $880K | 0.04% |
+34,500
| New | +$925K |
2016 Q4
0 quarters
|
|
558
BGC Group
BGC
$5.24B
| $873K | 0.04% |
132,693
+108,901
| +458% | +$660K |
2015 Q4
4 quarters
|
|
|
JNS
559
DELISTED
Janus Capital Group Inc
JNS
| $870K | 0.04% |
+65,599
| New | +$901K |
2016 Q4
0 quarters
|
|
560
Hain Celestial
HAIN
$13M
| $868K | 0.04% |
22,236
+10,901
| +96% | +$408K |
2016 Q2
2 quarters
|
|
|
IMPV
561
DELISTED
Imperva, Inc.
IMPV
| $868K | 0.04% |
22,597
+18,496
| +451% | +$751K |
2016 Q3
1 quarter
|
|
562
DELISTED
DigitalBridge
DBRG
| $867K | 0.04% |
+14,525
| New | +$820K |
2016 Q4
0 quarters
|
|
563
iShares MSCI Poland ETF
EPOL
$1.04B
| $865K | 0.04% |
+47,762
| New | +$853K |
2016 Q4
0 quarters
|
|
564
RPC Inc
RES
$1.25B
| $863K | 0.04% |
43,574
+24,874
| +133% | +$466K |
2016 Q3
1 quarter
|
|
565
Woodward
WWD
$19.6B
| $863K | 0.04% |
12,500
+7,663
| +158% | +$495K |
2016 Q2
2 quarters
|
|
|
CLGX
566
DELISTED
Corelogic, Inc.
CLGX
| $856K | 0.04% |
23,245
+2,595
| +13% | +$100K |
2015 Q2
6 quarters
|
|
567
Align Technology
ALGN
$11.8B
| $853K | 0.03% |
+8,877
| New | +$824K |
2016 Q4
0 quarters
|
|
568
Exelixis
EXEL
$17B
| $851K | 0.03% |
57,046
+7,646
| +15% | +$110K |
2015 Q4
4 quarters
|
|
569
Allegion
ALLE
$16.2B
| $849K | 0.03% |
13,258
+8,281
| +166% | +$548K |
2016 Q3
1 quarter
|
|
|
RRD
570
DELISTED
RR Donnelley & Sons Co.
RRD
| $849K | 0.03% |
+51,998
| New | +$933K |
2016 Q4
0 quarters
|
|
571
Fortinet
FTNT
$95.2B
| $846K | 0.03% |
+140,470
| New | +$878K |
2016 Q4
0 quarters
|
|
572
Thomson Reuters
TRI
$47.4B
| $846K | 0.03% |
+16,657
| New | +$813K |
2016 Q4
0 quarters
|
|
573
Evercore
EVR
$11.2B
| $844K | 0.03% |
+12,282
| New | +$755K |
2016 Q4
0 quarters
|
|
574
Eldorado Gold
EGO
$8.31B
| $843K | 0.03% |
+52,377
| New | +$823K |
2016 Q4
0 quarters
|
|
575
Targa Resources
TRGP
$63.6B
| $841K | 0.03% |
15,000
+3,300
| +28% | +$167K |
2016 Q2
2 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.