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 | |
|---|---|---|---|---|---|---|---|
651
Crane NXT
CXT
$3.28B
| $706K | 0.03% |
28,200
+15,334
| +119% | +$372K |
2015 Q4
4 quarters
|
|
|
GPL
652
DELISTED
Great Panther Mining Limited
GPL
| $705K | 0.03% |
+42,484
| New | +$589K |
2016 Q4
0 quarters
|
|
|
QEP
653
DELISTED
QEP RESOURCES, INC.
QEP
| $705K | 0.03% |
38,316
-35,401
| -48% | -$643K |
2016 Q1
3 quarters
|
|
654
Helen of Troy
HELE
$870M
| $703K | 0.03% |
8,322
+1,433
| +21% | +$120K |
2016 Q3
1 quarter
|
|
655
Consolidated Edison
ED
$44.3B
| $700K | 0.03% |
9,499
+4,504
| +90% | +$325K |
2016 Q1
3 quarters
|
|
656
Globus Medical
GMED
$9.6B
| $699K | 0.03% |
+28,183
| New | +$640K |
2016 Q4
0 quarters
|
|
657
WisdomTree
WT
$3.27B
| $697K | 0.03% |
62,611
+27,434
| +78% | +$286K |
2016 Q3
1 quarter
|
|
658
OceanFirst Financial
OCFC
$1.75B
| $695K | 0.03% |
+23,138
| New | +$539K |
2016 Q4
0 quarters
|
|
659
RH
RH
$2.45B
| $694K | 0.03% |
22,608
+4,770
| +27% | +$154K |
2016 Q2
2 quarters
|
|
660
Edison International
EIX
$23.1B
| $693K | 0.03% |
9,633
-6,551
| -40% | -$462K |
2016 Q3
1 quarter
|
|
|
PRXL
661
DELISTED
Parexel International Corp
PRXL
| $691K | 0.03% |
+10,517
| New | +$660K |
2016 Q4
0 quarters
|
|
662
TETRA Technologies
TTI
$945M
| $689K | 0.03% |
137,166
+116,969
| +579% | +$633K |
2015 Q4
4 quarters
|
|
663
Curtiss-Wright
CW
$17.3B
| $688K | 0.03% |
6,994
-568
| -8% | -$54K |
2015 Q4
4 quarters
|
|
664
Green Plains
GPRE
$961M
| $688K | 0.03% |
24,707
+9,504
| +63% | +$253K |
2016 Q1
3 quarters
|
|
665
Cabot Corp
CBT
$3.71B
| $687K | 0.03% |
13,586
+3,977
| +41% | +$205K |
2015 Q4
4 quarters
|
|
|
CPLA
666
DELISTED
Capella Education Company
CPLA
| $684K | 0.03% |
+7,787
| New | +$604K |
2016 Q4
0 quarters
|
|
|
VAR
667
DELISTED
Varian Medical Systems, Inc.
VAR
| $683K | 0.03% |
+8,681
| New | +$702K |
2016 Q4
0 quarters
|
|
668
Argan
AGX
$4.42B
| $679K | 0.03% |
+9,620
| New | +$600K |
2016 Q4
0 quarters
|
|
669
USA Today Co
TDAY
$1.01B
| $678K | 0.03% |
+42,391
| New | +$655K |
2016 Q4
0 quarters
|
|
670
DELISTED
Pandora Media Inc
P
| $678K | 0.03% |
+52,003
| New | +$645K |
2016 Q4
0 quarters
|
|
671
DNOW Inc
DNOW
$2.51B
| $674K | 0.03% |
+32,926
| New | +$698K |
2016 Q4
0 quarters
|
|
|
CYS
672
DELISTED
CYS Investments Inc.
CYS
| $672K | 0.03% |
86,966
+76,966
| +770% | +$627K |
2015 Q4
4 quarters
|
|
673
Tanger
SKT
$4.56B
| $671K | 0.03% |
18,757
+11,219
| +149% | +$396K |
2016 Q3
1 quarter
|
|
674
AXIS Capital
AXS
$7.76B
| $668K | 0.03% |
+10,231
| New | +$616K |
2016 Q4
0 quarters
|
|
675
Commault Systems
CVLT
$6.8B
| $667K | 0.03% |
+12,983
| New | +$696K |
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.