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 MIDCAP 400 ETF Trust
MDY
|
+$223M |
| 2 |
CVS Health
CVS
|
+$18.9M |
| 3 |
American International
AIG
|
+$16.3M |
| 4 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$13.4M |
| 5 |
TJX Companies
TJX
|
+$12.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chubb
CB
|
+$12.6M |
| 2 |
Crown Castle
CCI
|
+$7.91M |
| 3 |
Eli Lilly
LLY
|
+$7.58M |
| 4 |
RTX Corp
RTX
|
+$7.28M |
| 5 |
Deere & Co
DE
|
+$7.24M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 22.16% |
| 2 | Consumer Discretionary | 11.77% |
| 3 | Financials | 11.5% |
| 4 | Healthcare | 9.84% |
| 5 | Technology | 9.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
626
Hanover Insurance
THG
$8.54B
| $399K | 0.02% |
+4,710
| New | +$405K |
2016 Q2
0 quarters
|
|
|
ZAGG
627
DELISTED
ZAGG Inc Common Stock (Delaware)
ZAGG
| $399K | 0.02% |
+76,007
| New | +$499K |
2016 Q2
0 quarters
|
|
|
GOV
628
DELISTED
Government Properties Income Trust
GOV
| $399K | 0.02% |
+17,319
| New | +$338K |
2016 Q2
0 quarters
|
|
629
Nordic American Tanker
NAT
$1.54B
| $397K | 0.02% |
28,829
+17,741
| +160% | +$258K |
2015 Q4
2 quarters
|
|
|
SRC
630
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $397K | 0.02% |
6,935
+2,653
| +62% | +$139K |
2015 Q4
2 quarters
|
|
631
Ultragenyx Pharmaceutical
RARE
$1.61B
| $396K | 0.02% |
8,100
+2,452
| +43% | +$159K |
2015 Q4
2 quarters
|
|
632
Coca-Cola Europacific Partners
CCEP
$50.7B
| $395K | 0.02% |
11,064
-55,634
| -83% | -$2.62M |
2015 Q3
3 quarters
|
|
633
Ryder
R
$10.9B
| $394K | 0.02% |
+6,446
| New | +$427K |
2016 Q2
0 quarters
|
|
|
CLC
634
DELISTED
Clarcor
CLC
| $391K | 0.02% |
6,427
-2,428
| -27% | -$142K |
2016 Q1
1 quarter
|
|
635
Lennar Class A
LEN
$21.7B
| $389K | 0.02% |
8,870
-42,894
| -83% | -$1.88M |
2015 Q4
2 quarters
|
|
636
Nebius Group N.V.
NBIS
$38.4B
| $389K | 0.02% |
+17,800
| New | +$346K |
2016 Q2
0 quarters
|
|
|
VER
637
DELISTED
VEREIT, Inc.
VER
| $388K | 0.02% |
7,660
-860
| -10% | -$40.5K |
2015 Q4
2 quarters
|
|
638
Las Vegas Sands
LVS
$24.7B
| $387K | 0.02% |
8,900
-22,700
| -72% | -$1.06M |
2015 Q4
2 quarters
|
|
639
Howard Hughes
HHH
$4.65B
| $384K | 0.02% |
+3,519
| New | +$362K |
2016 Q2
0 quarters
|
|
|
CRAY
640
DELISTED
Cray, Inc.
CRAY
| $384K | 0.02% |
12,846
+3,117
| +32% | +$109K |
2016 Q1
1 quarter
|
|
641
DELISTED
Verifone Systems Inc
PAY
| $384K | 0.02% |
20,708
-23,123
| -53% | -$585K |
2016 Q1
1 quarter
|
|
|
MDP
642
DELISTED
Meredith Corporation
MDP
| $381K | 0.02% |
7,349
-236
| -3% | -$11.7K |
2016 Q1
1 quarter
|
|
|
MENT
643
DELISTED
Mentor Graphics Corp
MENT
| $381K | 0.02% |
17,917
-125,210
| -87% | -$2.6M |
2016 Q1
1 quarter
|
|
|
CPXX
644
DELISTED
CELATOR PHARMACEUTICALS INC. COMMON STOCK
CPXX
| $380K | 0.02% |
+12,600
| New | +$256K |
2016 Q2
0 quarters
|
|
645
DELISTED
CyberArk
CYBR
| $379K | 0.02% |
+7,800
| New | +$337K |
2016 Q2
0 quarters
|
|
646
Hain Celestial
HAIN
$12.2M
| $377K | 0.02% |
+7,570
| New | +$350K |
2016 Q2
0 quarters
|
|
647
Editas Medicine
EDIT
$395M
| $376K | 0.02% |
+15,400
| New | +$519K |
2016 Q2
0 quarters
|
|
648
Customers Bancorp
CUBI
$2.91B
| $375K | 0.02% |
+14,912
| New | +$380K |
2016 Q2
0 quarters
|
|
649
Group 1 Automotive
GPI
$3.22B
| $375K | 0.02% |
+7,592
| New | +$445K |
2016 Q2
0 quarters
|
|
650
Innovex International
INVX
$1.82B
| $373K | 0.02% |
+6,378
| New | +$386K |
2016 Q2
0 quarters
|
|
Similar funds
Squarepoint's Q2 2016 Portfolio in Review
As of Q2 2016, Squarepoint held 1,549 positions worth $1.6B, up 24% from $1.29B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Squarepoint deployed $307M of net new capital in Q2 2016, opening 435 new positions and adding to 314 existing holdings. Its largest new stake was State Street SPDR S&P MIDCAP 400 ETF Trust: 833,964 shares worth $227M.
By sector, the portfolio is most concentrated in Miscellaneous at 22% of assets, up from 2.8% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Crown Castle, an estimated $7.91M trimmed.
- Squarepoint's largest Q2 2016 buy was State Street SPDR S&P MIDCAP 400 ETF Trust: 833,964 shares worth $227M.
- Squarepoint added most to CVS Health in Q2 2016, an estimated $18.9M increase.
- Squarepoint's biggest Q2 2016 reduction was Crown Castle, cutting an estimated $7.91M.
- Squarepoint fully exited Chubb in Q2 2016, selling an estimated $12.6M.
- Squarepoint's ten largest holdings make up 23% of its $1.6B portfolio in Q2 2016.
- Squarepoint opened 435 new positions and closed 482 in Q2 2016.
- Squarepoint's portfolio value rose 24% quarter-over-quarter to $1.6B.
Based on Squarepoint's 13F filing for Q2 2016, filed 15 Aug 2016.