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 | |
|---|---|---|---|---|---|---|---|
601
Live Nation Entertainment
LYV
$41.6B
| $436K | 0.03% |
+15,870
| New | +$414K |
2016 Q3
0 quarters
|
|
602
Cogent Communications
CCOI
$228M
| $432K | 0.03% |
11,741
-2,911
| -20% | -$112K |
2016 Q2
1 quarter
|
|
|
ARRS
603
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $431K | 0.03% |
+15,226
| New | +$407K |
2016 Q3
0 quarters
|
|
604
Kennametal
KMT
$1.86B
| $428K | 0.03% |
+14,764
| New | +$390K |
2016 Q3
0 quarters
|
|
605
DELISTED
Masimo
MASI
| $427K | 0.03% |
7,174
+2,356
| +49% | +$133K |
2016 Q2
1 quarter
|
|
606
DELISTED
ODP
ODP
| $427K | 0.03% |
+11,950
| New | +$424K |
2016 Q3
0 quarters
|
|
607
DELISTED
Diamond Offshore Drilling
DO
| $427K | 0.03% |
24,232
-4,769
| -16% | -$95.6K |
2016 Q2
1 quarter
|
|
|
HMSY
608
DELISTED
HMS Holdings Corp.
HMSY
| $426K | 0.03% |
19,201
+4,690
| +32% | +$98.6K |
2016 Q2
1 quarter
|
|
609
Dominion Energy
D
$60B
| $422K | 0.03% |
+5,685
| New | +$433K |
2016 Q3
0 quarters
|
|
610
Old Republic International
ORI
$9.5B
| $422K | 0.03% |
+23,932
| New | +$455K |
2016 Q3
0 quarters
|
|
611
DELISTED
Splunk Inc
SPLK
| $422K | 0.03% |
+7,200
| New | +$431K |
2016 Q3
0 quarters
|
|
|
TTM
612
DELISTED
Tata Motors Limited
TTM
| $422K | 0.03% |
+10,567
| New | +$410K |
2016 Q3
0 quarters
|
|
613
Chemours
CC
$2B
| $421K | 0.03% |
+26,322
| New | +$301K |
2016 Q3
0 quarters
|
|
|
CERN
614
DELISTED
Cerner Corp
CERN
| $420K | 0.03% |
+6,794
| New | +$429K |
2016 Q3
0 quarters
|
|
615
NNN REIT
NNN
$8.09B
| $419K | 0.03% |
+8,232
| New | +$421K |
2016 Q3
0 quarters
|
|
616
Block Inc
XYZ
$53.5B
| $419K | 0.03% |
+35,900
| New | +$392K |
2016 Q3
0 quarters
|
|
617
Accuray
ARAY
$11.5M
| $418K | 0.03% |
+1,640
| New | +$358K |
2016 Q3
0 quarters
|
|
618
DELISTED
Guess Inc
GES
| $418K | 0.03% |
+28,614
| New | +$433K |
2016 Q3
0 quarters
|
|
|
WWE
619
DELISTED
World Wrestling Entertainment
WWE
| $418K | 0.03% |
+19,622
| New | +$397K |
2016 Q3
0 quarters
|
|
620
Diamondrock Hospitality Co
DRH
$2.94B
| $415K | 0.03% |
+45,568
| New | +$445K |
2016 Q3
0 quarters
|
|
621
LendingTree
TREE
$512M
| $413K | 0.03% |
4,264
-296
| -6% | -$29.5K |
2016 Q2
1 quarter
|
|
|
EVHC
622
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $411K | 0.03% |
+6,161
| New | +$424K |
2016 Q3
0 quarters
|
|
623
RLJ Lodging Trust
RLJ
$1.96B
| $410K | 0.03% |
+19,500
| New | +$443K |
2016 Q3
0 quarters
|
|
624
Herc Holdings
HRI
$5.59B
| $409K | 0.03% |
+12,140
| New | +$407K |
2016 Q3
0 quarters
|
|
625
Telephone and Data Systems
TDS
$3.9B
| $409K | 0.03% |
+15,031
| New | +$438K |
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.