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 | |
|---|---|---|---|---|---|---|---|
|
RAI
576
DELISTED
Reynolds American Inc
RAI
| $481K | 0.03% |
+10,200
| New | +$512K |
2016 Q3
0 quarters
|
|
577
Weyerhaeuser
WY
$15.2B
| $479K | 0.03% |
15,004
-50,283
| -77% | -$1.59M |
2015 Q3
4 quarters
|
|
|
UNVR
578
DELISTED
Univar Solutions Inc.
UNVR
| $479K | 0.03% |
+21,935
| New | +$430K |
2016 Q3
0 quarters
|
|
579
DELISTED
Du Pont De Nemours E I
DD
| $479K | 0.03% |
7,159
-6,314
| -47% | -$429K |
2016 Q1
2 quarters
|
|
|
AHL
580
DELISTED
ASPEN Insurance Holding Limited
AHL
| $478K | 0.03% |
+10,263
| New | +$467K |
2016 Q3
0 quarters
|
|
581
DELISTED
Everbank Financial Corp
EVER
| $478K | 0.03% |
+24,700
| New | +$447K |
2016 Q3
0 quarters
|
|
582
AAR Corp
AIR
$4.69B
| $475K | 0.03% |
+15,176
| New | +$386K |
2016 Q3
0 quarters
|
|
583
Alnylam Pharmaceuticals
ALNY
$21B
| $474K | 0.03% |
+7,000
| New | +$494K |
2016 Q3
0 quarters
|
|
584
RPM International
RPM
$13.6B
| $474K | 0.03% |
+8,816
| New | +$468K |
2016 Q3
0 quarters
|
|
|
ATW
585
DELISTED
Atwood Oceanics
ATW
| $474K | 0.03% |
+54,589
| New | +$518K |
2016 Q3
0 quarters
|
|
586
AMN Healthcare
AMN
$1.46B
| $469K | 0.03% |
14,701
-4,785
| -25% | -$182K |
2016 Q1
2 quarters
|
|
587
Wendy's
WEN
$1.59B
| $466K | 0.03% |
+43,103
| New | +$434K |
2016 Q3
0 quarters
|
|
588
Ziff Davis
ZD
$1.73B
| $464K | 0.03% |
+8,006
| New | +$466K |
2016 Q3
0 quarters
|
|
589
iShares MSCI Indonesia ETF
EIDO
$393M
| $461K | 0.03% |
+17,444
| New | +$450K |
2016 Q3
0 quarters
|
|
590
Generac Holdings
GNRC
$11.1B
| $455K | 0.03% |
+12,533
| New | +$453K |
2016 Q3
0 quarters
|
|
591
Innovex International
INVX
$1.78B
| $455K | 0.03% |
8,165
+1,787
| +28% | +$100K |
2016 Q2
1 quarter
|
|
592
Encompass Health
EHC
$13.9B
| $454K | 0.03% |
14,078
+4,022
| +40% | +$130K |
2016 Q2
1 quarter
|
|
593
DELISTED
TopBuild
BLD
| $448K | 0.03% |
13,492
+7,278
| +117% | +$256K |
2016 Q2
1 quarter
|
|
594
Hancock Whitney
HWC
$5.88B
| $448K | 0.03% |
13,802
-387
| -3% | -$11.7K |
2016 Q1
2 quarters
|
|
595
Dycom Industries
DY
$6.63B
| $446K | 0.03% |
5,454
+2,288
| +72% | +$202K |
2016 Q2
1 quarter
|
|
596
NorthWestern Energy
NWE
$5.17B
| $446K | 0.03% |
+7,753
| New | +$462K |
2016 Q3
0 quarters
|
|
597
Etsy
ETSY
$7.62B
| $445K | 0.03% |
+31,151
| New | +$394K |
2016 Q3
0 quarters
|
|
598
Pilgrim's Pride
PPC
$7.04B
| $444K | 0.03% |
21,000
-8,900
| -30% | -$206K |
2015 Q4
3 quarters
|
|
599
DELISTED
Spirit Airlines, Inc.
SAVE
| $442K | 0.03% |
+10,400
| New | +$431K |
2016 Q3
0 quarters
|
|
600
ITT
ITT
$19.5B
| $437K | 0.03% |
+12,189
| New | +$416K |
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.