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 | |
|---|---|---|---|---|---|---|---|
626
Edgewell Personal Care
EPC
$1.36B
| $408K | 0.03% |
+5,136
| New | +$414K |
2016 Q3
0 quarters
|
|
627
Axalta
AXTA
$8.03B
| $405K | 0.03% |
+14,329
| New | +$401K |
2016 Q3
0 quarters
|
|
628
Ryder
R
$10.7B
| $405K | 0.03% |
6,147
-299
| -5% | -$19.6K |
2016 Q2
1 quarter
|
|
629
Charles River Laboratories
CRL
$16.9B
| $404K | 0.03% |
4,850
-10,975
| -69% | -$920K |
2015 Q4
3 quarters
|
|
630
West Pharmaceutical
WST
$28.8B
| $404K | 0.03% |
5,429
-23,867
| -81% | -$1.89M |
2016 Q2
1 quarter
|
|
|
SCAI
631
DELISTED
Surgical Care Affiliates, Inc.
SCAI
| $404K | 0.03% |
8,279
-1,500
| -15% | -$69.1K |
2016 Q1
2 quarters
|
|
632
Hain Celestial
HAIN
$12.7M
| $403K | 0.03% |
11,335
+3,765
| +50% | +$165K |
2016 Q2
1 quarter
|
|
633
Sturm, Ruger & Co
RGR
$813M
| $403K | 0.03% |
6,981
+1,874
| +37% | +$119K |
2016 Q1
2 quarters
|
|
|
FMBI
634
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $403K | 0.03% |
+20,793
| New | +$393K |
2016 Q3
0 quarters
|
|
635
Coeur Mining
CDE
$16.8B
| $402K | 0.03% |
34,004
-100,655
| -75% | -$1.38M |
2016 Q2
1 quarter
|
|
636
Jabil
JBL
$26B
| $402K | 0.03% |
+18,408
| New | +$383K |
2016 Q3
0 quarters
|
|
637
DELISTED
Vista Outdoor Inc.
VSTO
| $402K | 0.03% |
10,096
-6,704
| -40% | -$296K |
2015 Q4
3 quarters
|
|
638
Citizens Financial Group
CFG
$27.3B
| $401K | 0.03% |
16,213
-254,915
| -94% | -$5.86M |
2016 Q2
1 quarter
|
|
639
iShares MSCI Thailand ETF
THD
$386M
| $400K | 0.03% |
+5,446
| New | +$398K |
2016 Q3
0 quarters
|
|
|
BKS
640
DELISTED
Barnes & Noble
BKS
| $400K | 0.03% |
35,414
+6,291
| +22% | +$75.9K |
2015 Q3
4 quarters
|
|
641
DELISTED
Cadence Bank
CADE
| $399K | 0.03% |
17,214
-22,725
| -57% | -$540K |
2015 Q4
3 quarters
|
|
642
Green Plains
GPRE
$979M
| $398K | 0.03% |
15,203
-8,929
| -37% | -$208K |
2016 Q1
2 quarters
|
|
643
Belden
BDC
$4.18B
| $397K | 0.03% |
+5,755
| New | +$400K |
2016 Q3
0 quarters
|
|
644
DELISTED
Allete
ALE
| $395K | 0.03% |
6,620
+2,800
| +73% | +$173K |
2016 Q2
1 quarter
|
|
|
LOGM
645
DELISTED
LogMein, Inc.
LOGM
| $395K | 0.03% |
+4,371
| New | +$350K |
2016 Q3
0 quarters
|
|
646
Golar LNG
GLNG
$4.45B
| $394K | 0.03% |
18,600
-500
| -3% | -$9.6K |
2016 Q2
1 quarter
|
|
647
DELISTED
Bazaarvoice, Inc.
BV
| $394K | 0.03% |
+66,704
| New | +$295K |
2016 Q3
0 quarters
|
|
648
Spire
SR
$5.25B
| $393K | 0.03% |
6,167
-7
| -0.1% | -$468 |
2016 Q2
1 quarter
|
|
649
DELISTED
Usg
USG
| $393K | 0.03% |
15,200
-20,800
| -58% | -$577K |
2015 Q4
3 quarters
|
|
650
Universal Insurance Holdings
UVE
$1.29B
| $391K | 0.03% |
15,501
-11,339
| -42% | -$254K |
2015 Q4
3 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.