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 | |
|---|---|---|---|---|---|---|---|
|
SGEN
576
DELISTED
Seagen Inc. Common Stock
SGEN
| $837K | 0.03% |
15,858
+6,458
| +69% | +$388K |
2016 Q3
1 quarter
|
|
577
DELISTED
Supernus Pharmaceuticals
SUPN
| $835K | 0.03% |
+33,086
| New | +$739K |
2016 Q4
0 quarters
|
|
578
SunCoke Energy
SXC
$913M
| $835K | 0.03% |
73,598
+46,737
| +174% | +$497K |
2015 Q4
4 quarters
|
|
579
iShares MSCI Turkey ETF
TUR
$163M
| $832K | 0.03% |
+25,621
| New | +$886K |
2016 Q4
0 quarters
|
|
580
Gold Fields
GFI
$31.7B
| $829K | 0.03% |
275,536
+220,998
| +405% | +$792K |
2016 Q3
1 quarter
|
|
581
DELISTED
Allied World Assurance Co Hld Lt
AWH
| $827K | 0.03% |
+15,400
| New | +$707K |
2016 Q4
0 quarters
|
|
582
Arch Capital
ACGL
$35.6B
| $820K | 0.03% |
28,500
-7,500
| -21% | -$204K |
2016 Q1
3 quarters
|
|
583
Tvardi Therapeutics
TVRD
$15.5M
| $820K | 0.03% |
+2,452
| New | +$787K |
2016 Q4
0 quarters
|
|
584
Coeur Mining
CDE
$14.6B
| $812K | 0.03% |
89,323
+55,319
| +163% | +$569K |
2016 Q2
2 quarters
|
|
585
TransUnion
TRU
$15.4B
| $810K | 0.03% |
+26,200
| New | +$824K |
2016 Q4
0 quarters
|
|
586
Atlassian
TEAM
$38.6B
| $809K | 0.03% |
+33,600
| New | +$908K |
2016 Q4
0 quarters
|
|
587
Aramark
ARMK
$14.2B
| $807K | 0.03% |
+31,301
| New | +$818K |
2016 Q4
0 quarters
|
|
|
DRE
588
DELISTED
Duke Realty Corp.
DRE
| $807K | 0.03% |
+30,376
| New | +$775K |
2016 Q4
0 quarters
|
|
589
UMB Financial
UMBF
$10.1B
| $805K | 0.03% |
+10,443
| New | +$726K |
2016 Q4
0 quarters
|
|
590
C.H. Robinson
CHRW
$15.6B
| $800K | 0.03% |
10,925
+6,715
| +160% | +$486K |
2015 Q4
4 quarters
|
|
591
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $796K | 0.03% |
42,521
+34,289
| +417% | +$858K |
2016 Q3
1 quarter
|
|
|
LOCK
592
DELISTED
LifeLock, Inc.
LOCK
| $796K | 0.03% |
33,292
+20,792
| +166% | +$423K |
2016 Q3
1 quarter
|
|
593
AMC Global Media
AMCX
$384M
| $794K | 0.03% |
+15,162
| New | +$787K |
2016 Q4
0 quarters
|
|
594
Varonis Systems
VRNS
$5.66B
| $794K | 0.03% |
+88,884
| New | +$845K |
2016 Q4
0 quarters
|
|
595
NewMarket
NEU
$6.46B
| $793K | 0.03% |
+1,871
| New | +$772K |
2016 Q4
0 quarters
|
|
596
MDU Resources
MDU
$4.17B
| $792K | 0.03% |
+72,356
| New | +$748K |
2016 Q4
0 quarters
|
|
|
FMBI
597
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $792K | 0.03% |
31,402
+10,609
| +51% | +$234K |
2016 Q3
1 quarter
|
|
598
Cooper Companies
COO
$11.8B
| $791K | 0.03% |
18,084
+1,764
| +11% | +$77K |
2016 Q3
1 quarter
|
|
599
Equity Lifestyle Properties
ELS
$12B
| $786K | 0.03% |
21,792
+15,692
| +257% | +$560K |
2016 Q2
2 quarters
|
|
600
Raymond James Financial
RJF
$32.2B
| $785K | 0.03% |
16,994
-12,523
| -42% | -$553K |
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.