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 | |
|---|---|---|---|---|---|---|---|
651
Service Corp International
SCI
$9.9B
| $390K | 0.03% |
14,682
-16,161
| -52% | -$438K |
2015 Q3
4 quarters
|
|
652
Designer Brands
DBI
$345M
| $387K | 0.03% |
18,900
+6,700
| +55% | +$157K |
2015 Q4
3 quarters
|
|
653
Teleflex
TFX
$6.56B
| $387K | 0.03% |
+2,304
| New | +$413K |
2016 Q3
0 quarters
|
|
654
Timken Company
TKR
$7.47B
| $383K | 0.03% |
10,888
-24,389
| -69% | -$803K |
2015 Q2
5 quarters
|
|
|
ENH
655
DELISTED
Endurance Specialty Holdings Ltd
ENH
| $381K | 0.03% |
+5,819
| New | +$386K |
2016 Q3
0 quarters
|
|
656
TotalEnergies
TTE
$193B
| $380K | 0.03% |
+7,965
| New | +$381K |
2016 Q3
0 quarters
|
|
657
Nektar Therapeutics
NKTR
$1.29B
| $379K | 0.03% |
1,469
+589
| +67% | +$152K |
2016 Q1
2 quarters
|
|
|
ICPT
658
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $379K | 0.03% |
+2,300
| New | +$363K |
2016 Q3
0 quarters
|
|
659
Consolidated Edison
ED
$43.9B
| $376K | 0.03% |
4,995
-3,077
| -38% | -$239K |
2016 Q1
2 quarters
|
|
|
CRAY
660
DELISTED
Cray, Inc.
CRAY
| $372K | 0.02% |
15,789
+2,943
| +23% | +$75.1K |
2016 Q1
2 quarters
|
|
661
PTC Therapeutics
PTCT
$5.43B
| $371K | 0.02% |
+26,478
| New | +$215K |
2016 Q3
0 quarters
|
|
662
Cerus
CERS
$418M
| $370K | 0.02% |
+59,628
| New | +$390K |
2016 Q3
0 quarters
|
|
663
Hawaiian Electric Industries
HE
$1.57B
| $370K | 0.02% |
+12,391
| New | +$381K |
2016 Q3
0 quarters
|
|
|
ISBC
664
DELISTED
Investors Bancorp, Inc.
ISBC
| $370K | 0.02% |
30,845
-45,058
| -59% | -$523K |
2015 Q4
3 quarters
|
|
665
TTM Technologies
TTMI
$7.94B
| $368K | 0.02% |
+32,169
| New | +$318K |
2016 Q3
0 quarters
|
|
|
DPLO
666
DELISTED
DIPLOMAT PHARMACY, INC.
DPLO
| $368K | 0.02% |
+13,134
| New | +$441K |
2016 Q3
0 quarters
|
|
667
American Financial Group
AFG
$13.1B
| $367K | 0.02% |
+4,898
| New | +$361K |
2016 Q3
0 quarters
|
|
668
Televisa
TV
$2.48B
| $364K | 0.02% |
+14,151
| New | +$374K |
2016 Q3
0 quarters
|
|
|
DISH
669
DELISTED
DISH Network Corp.
DISH
| $364K | 0.02% |
+6,649
| New | +$344K |
2016 Q3
0 quarters
|
|
670
CNO Financial Group
CNO
$5.24B
| $363K | 0.02% |
+23,740
| New | +$387K |
2016 Q3
0 quarters
|
|
671
Openlane
OPLN
$4.24B
| $363K | 0.02% |
22,193
+7,398
| +50% | +$118K |
2015 Q4
3 quarters
|
|
672
WisdomTree
WT
$3.15B
| $362K | 0.02% |
+35,177
| New | +$367K |
2016 Q3
0 quarters
|
|
|
GOV
673
DELISTED
Government Properties Income Trust
GOV
| $362K | 0.02% |
15,989
-1,330
| -8% | -$31.1K |
2016 Q2
1 quarter
|
|
|
ALJ
674
DELISTED
Alon USA Energy Inc
ALJ
| $362K | 0.02% |
44,954
+9,545
| +27% | +$70.8K |
2016 Q1
2 quarters
|
|
675
Interactive Brokers
IBKR
$35.1B
| $359K | 0.02% |
40,720
-30,392
| -43% | -$269K |
2015 Q3
4 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.