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 MSCI Taiwan ETF
EWT
|
+$89.9M |
| 2 |
VanEck Gold Miners ETF
GDX
|
+$71.9M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$69M |
| 4 |
iShares China Large-Cap ETF
FXI
|
+$66M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$58.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$33M |
| 2 |
Altria Group
MO
|
+$32.4M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
+$26.5M |
| 4 |
CVS Health
CVS
|
+$24.7M |
| 5 |
Medtronic
MDT
|
+$22.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 17.23% |
| 2 | Technology | 14.6% |
| 3 | Healthcare | 11.36% |
| 4 | Industrials | 11.26% |
| 5 | Consumer Discretionary | 10.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
651
Progress Software
PRGS
$1.78B
| $1.24M | 0.02% |
40,233
+10,889
| +37% | +$322K |
2017 Q1
1 quarter
|
|
|
RAD
652
DELISTED
Rite Aid Corporation
RAD
| $1.24M | 0.02% |
20,991
+14,158
| +207% | +$1.07M |
2016 Q4
2 quarters
|
|
|
LCI
653
DELISTED
Lannett Company, Inc.
LCI
| $1.24M | 0.02% |
+15,162
| New | +$1.32M |
2017 Q2
0 quarters
|
|
654
Conduent
CNDT
$221M
| $1.23M | 0.02% |
77,394
+59,804
| +340% | +$979K |
2017 Q1
1 quarter
|
|
655
DELISTED
Newfield Exploration
NFX
| $1.23M | 0.02% |
43,351
+7,405
| +21% | +$244K |
2016 Q3
3 quarters
|
|
656
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.97B
| $1.23M | 0.02% |
9,626
+5,845
| +155% | +$799K |
2016 Q4
2 quarters
|
|
657
Applied Industrial Technologies
AIT
$10.3B
| $1.22M | 0.02% |
+20,651
| New | +$1.27M |
2017 Q2
0 quarters
|
|
658
Alaska Air
ALK
$4.35B
| $1.22M | 0.02% |
13,551
-458
| -3% | -$40.2K |
2017 Q1
1 quarter
|
|
659
Kulicke & Soffa
KLIC
$3.35B
| $1.21M | 0.02% |
63,402
+8,366
| +15% | +$176K |
2015 Q4
6 quarters
|
|
660
Fortive
FTV
$19.5B
| $1.19M | 0.02% |
29,852
-117,826
| -80% | -$4.64M |
2016 Q3
3 quarters
|
|
|
IBKC
661
DELISTED
IBERIABANK Corp
IBKC
| $1.19M | 0.02% |
14,640
+6,540
| +81% | +$519K |
2016 Q4
2 quarters
|
|
662
LivaNova
LIVN
$4.96B
| $1.19M | 0.02% |
19,476
+13,872
| +248% | +$784K |
2016 Q4
2 quarters
|
|
|
CERN
663
DELISTED
Cerner Corp
CERN
| $1.19M | 0.02% |
+17,898
| New | +$1.14M |
2017 Q2
0 quarters
|
|
664
Norwegian Cruise Line
NCLH
$8.23B
| $1.19M | 0.02% |
+21,900
| New | +$1.13M |
2017 Q2
0 quarters
|
|
665
Upbound Group
UPBD
$1.41B
| $1.19M | 0.02% |
101,388
-167,351
| -62% | -$1.89M |
2016 Q4
2 quarters
|
|
666
DELISTED
Radius Recycling
RDUS
| $1.19M | 0.02% |
47,048
+32,616
| +226% | +$645K |
2016 Q2
4 quarters
|
|
667
Cadence Design Systems
CDNS
$87.8B
| $1.18M | 0.02% |
35,356
-3,796
| -10% | -$126K |
2016 Q4
2 quarters
|
|
668
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $1.18M | 0.02% |
+26,750
| New | +$1.19M |
2017 Q2
0 quarters
|
|
669
Welltower
WELL
$180B
| $1.18M | 0.02% |
15,707
-33,088
| -68% | -$2.42M |
2016 Q4
2 quarters
|
|
670
Boston Properties
BXP
$10.4B
| $1.17M | 0.02% |
9,522
-3,916
| -29% | -$495K |
2016 Q4
2 quarters
|
|
671
BOK Financial
BOKF
$7.87B
| $1.17M | 0.02% |
13,870
+2,270
| +20% | +$185K |
2017 Q1
1 quarter
|
|
672
Unilever
UL
$142B
| $1.17M | 0.02% |
19,156
+8,680
| +83% | +$517K |
2017 Q1
1 quarter
|
|
|
TMX
673
DELISTED
Terminix Global Holdings, Inc.
TMX
| $1.17M | 0.02% |
+44,438
| New | +$1.16M |
2017 Q2
0 quarters
|
|
674
Bloomin' Brands
BLMN
$835M
| $1.16M | 0.02% |
54,465
+40,745
| +297% | +$840K |
2016 Q4
2 quarters
|
|
675
Flex
FLEX
$25.8B
| $1.15M | 0.02% |
+93,819
| New | +$1.16M |
2017 Q2
0 quarters
|
|
Similar funds
Squarepoint's Q2 2017 Portfolio in Review
As of Q2 2017, Squarepoint held 2,064 positions worth $5.08B, up 40% from $3.63B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Squarepoint deployed $1.39B of net new capital in Q2 2017, opening 586 new positions and adding to 519 existing holdings. Its largest new stake was iShares MSCI Taiwan ETF: 2,618,387 shares worth $93.6M.
By sector, the portfolio is most concentrated in Miscellaneous at 17% of assets, up from 15% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, an estimated $33M trimmed.
- Squarepoint's largest Q2 2017 buy was iShares MSCI Taiwan ETF: 2,618,387 shares worth $93.6M.
- Squarepoint added most to VanEck Gold Miners ETF in Q2 2017, an estimated $71.9M increase.
- Squarepoint's biggest Q2 2017 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $33M.
- Squarepoint fully exited iShares MSCI EAFE ETF in Q2 2017, selling an estimated $26.5M.
- Squarepoint's ten largest holdings make up 16% of its $5.08B portfolio in Q2 2017.
- Squarepoint opened 586 new positions and closed 568 in Q2 2017.
- Squarepoint's portfolio value rose 40% quarter-over-quarter to $5.08B.
Based on Squarepoint's 13F filing for Q2 2017, filed 14 Aug 2017.