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 | |
|---|---|---|---|---|---|---|---|
601
Bruker
BRKR
$9.21B
| $784K | 0.03% |
+37,000
| New | +$809K |
2016 Q4
0 quarters
|
|
|
ZOES
602
DELISTED
Zoe's Kitchen, Inc.
ZOES
| $784K | 0.03% |
+32,689
| New | +$772K |
2016 Q4
0 quarters
|
|
603
MGM Resorts International
MGM
$8.41B
| $783K | 0.03% |
27,146
+1,773
| +7% | +$49.1K |
2016 Q2
2 quarters
|
|
604
Stagwell
STGW
$2.76B
| $780K | 0.03% |
119,032
+73,229
| +160% | +$541K |
2016 Q3
1 quarter
|
|
605
First American
FAF
$6.58B
| $778K | 0.03% |
21,234
+7,094
| +50% | +$272K |
2016 Q3
1 quarter
|
|
606
KeyCorp
KEY
$22.5B
| $773K | 0.03% |
42,288
-144,949
| -77% | -$2.29M |
2016 Q1
3 quarters
|
|
607
Applied Optoelectronics
AAOI
$4.8B
| $768K | 0.03% |
+32,766
| New | +$759K |
2016 Q4
0 quarters
|
|
608
Dell
DELL
$236B
| $764K | 0.03% |
+49,493
| New | +$709K |
2016 Q4
0 quarters
|
|
|
BRS
609
DELISTED
Bristow Group, Inc.
BRS
| $763K | 0.03% |
37,257
+1,613
| +5% | +$24.3K |
2016 Q3
1 quarter
|
|
610
Ladder Capital
LADR
$1.07B
| $762K | 0.03% |
+55,564
| New | +$744K |
2016 Q4
0 quarters
|
|
|
CVA
611
DELISTED
Covanta Holding Corporation
CVA
| $761K | 0.03% |
+48,800
| New | +$726K |
2016 Q4
0 quarters
|
|
612
Ulta Beauty
ULTA
$27.8B
| $760K | 0.03% |
2,982
-12,891
| -81% | -$3.22M |
2015 Q4
4 quarters
|
|
|
STAY
613
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $756K | 0.03% |
46,826
+22,377
| +92% | +$336K |
2016 Q3
1 quarter
|
|
614
Aecom
ACM
$9.02B
| $754K | 0.03% |
20,749
-5,371
| -21% | -$178K |
2016 Q3
1 quarter
|
|
615
East-West Bancorp
EWBC
$18B
| $754K | 0.03% |
+14,833
| New | +$659K |
2016 Q4
0 quarters
|
|
616
Equifax
EFX
$21.9B
| $749K | 0.03% |
+6,338
| New | +$775K |
2016 Q4
0 quarters
|
|
617
Sunrun
RUN
$2.06B
| $749K | 0.03% |
+141,128
| New | +$781K |
2016 Q4
0 quarters
|
|
|
SGYP
618
DELISTED
Synergy Pharmaceuticals, Inc Common Stock
SGYP
| $748K | 0.03% |
122,788
+103,388
| +533% | +$540K |
2016 Q3
1 quarter
|
|
619
NorthWestern Energy
NWE
$5.27B
| $746K | 0.03% |
13,118
+5,365
| +69% | +$302K |
2016 Q3
1 quarter
|
|
620
Timken Company
TKR
$7.58B
| $745K | 0.03% |
18,756
+7,868
| +72% | +$292K |
2015 Q2
6 quarters
|
|
621
Charles River Laboratories
CRL
$16.3B
| $744K | 0.03% |
9,762
+4,912
| +101% | +$373K |
2015 Q4
4 quarters
|
|
622
Myriad Genetics
MYGN
$545M
| $744K | 0.03% |
+44,638
| New | +$808K |
2016 Q4
0 quarters
|
|
623
Puma Biotechnology
PBYI
$418M
| $741K | 0.03% |
24,134
+20,430
| +552% | +$883K |
2016 Q3
1 quarter
|
|
624
Impinj
PI
$5.41B
| $741K | 0.03% |
+20,979
| New | +$643K |
2016 Q4
0 quarters
|
|
|
RIC
625
DELISTED
Richmont Mines Inc.
RIC
| $738K | 0.03% |
+113,465
| New | +$861K |
2016 Q4
0 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.