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 | |
|---|---|---|---|---|---|---|---|
676
DELISTED
American Woodmark
AMWD
| $352K | 0.02% |
4,375
-395
| -8% | -$30.9K |
2016 Q2
1 quarter
|
|
677
Western Alliance Bancorporation
WAL
$8.3B
| $352K | 0.02% |
9,387
-79,788
| -89% | -$2.84M |
2016 Q1
2 quarters
|
|
678
Cleveland-Cliffs
CLF
$7B
| $351K | 0.02% |
+60,042
| New | +$392K |
2016 Q3
0 quarters
|
|
679
GoPro
GPRO
$162M
| $347K | 0.02% |
+20,800
| New | +$286K |
2016 Q3
0 quarters
|
|
|
STAY
680
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $347K | 0.02% |
+24,449
| New | +$355K |
2016 Q3
0 quarters
|
|
|
WBC
681
DELISTED
WABCO HOLDINGS INC.
WBC
| $347K | 0.02% |
+3,057
| New | +$312K |
2016 Q3
0 quarters
|
|
|
CPE
682
DELISTED
Callon Petroleum Company
CPE
| $345K | 0.02% |
2,200
-5,607
| -72% | -$742K |
2016 Q2
1 quarter
|
|
683
DELISTED
Trina Solar Limited
TSL
| $345K | 0.02% |
+33,732
| New | +$331K |
2016 Q3
0 quarters
|
|
684
Allegion
ALLE
$16.2B
| $343K | 0.02% |
+4,977
| New | +$351K |
2016 Q3
0 quarters
|
|
|
EQY
685
DELISTED
Equity One
EQY
| $342K | 0.02% |
11,185
-58,163
| -84% | -$1.84M |
2016 Q1
2 quarters
|
|
686
DELISTED
Ultimate Software Group Inc
ULTI
| $341K | 0.02% |
+1,669
| New | +$353K |
2016 Q3
0 quarters
|
|
687
Arista Networks
ANET
$235B
| $340K | 0.02% |
64,000
-78,400
| -55% | -$374K |
2015 Q4
3 quarters
|
|
|
LPNT
688
DELISTED
LifePoint Health, Inc.
LPNT
| $340K | 0.02% |
5,736
-1,986
| -26% | -$119K |
2015 Q4
3 quarters
|
|
689
Rio Tinto
RIO
$141B
| $339K | 0.02% |
10,160
-3,771
| -27% | -$120K |
2016 Q2
1 quarter
|
|
|
KRA
690
DELISTED
Kraton Corporation
KRA
| $338K | 0.02% |
+9,646
| New | +$309K |
2016 Q3
0 quarters
|
|
|
NSR
691
DELISTED
Neustar Inc
NSR
| $338K | 0.02% |
+12,708
| New | +$318K |
2016 Q3
0 quarters
|
|
692
Ionis Pharmaceuticals
IONS
$5.15B
| $337K | 0.02% |
+9,200
| New | +$288K |
2016 Q3
0 quarters
|
|
693
Criteo S.A.
CRTO
$817M
| $332K | 0.02% |
9,445
| – | – |
2015 Q1
6 quarters
|
|
694
Sony
SONY
$158B
| $330K | 0.02% |
49,680
-2,320
| -4% | -$14.9K |
2016 Q2
1 quarter
|
|
695
DELISTED
Haynes International, Inc.
HAYN
| $330K | 0.02% |
+8,900
| New | +$333K |
2016 Q3
0 quarters
|
|
696
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $330K | 0.02% |
+7,043
| New | +$330K |
2016 Q3
0 quarters
|
|
697
Tapestry
TPR
$26.7B
| $328K | 0.02% |
+8,962
| New | +$355K |
2016 Q3
0 quarters
|
|
698
DELISTED
TEGNA Inc
TGNA
| $327K | 0.02% |
+23,377
| New | +$329K |
2016 Q3
0 quarters
|
|
|
GRUB
699
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $327K | 0.02% |
+3,800
| New | +$285K |
2016 Q3
0 quarters
|
|
700
Domino's
DPZ
$11B
| $326K | 0.02% |
+2,144
| New | +$313K |
2016 Q3
0 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.