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 | |
|---|---|---|---|---|---|---|---|
676
SL Green Realty
SLG
$3.46B
| $666K | 0.03% |
6,396
-4,420
| -41% | -$448K |
2015 Q4
4 quarters
|
|
677
DELISTED
Marathon Oil Corporation
MRO
| $666K | 0.03% |
38,484
-101,321
| -72% | -$1.63M |
2015 Q4
4 quarters
|
|
678
Ashland
ASH
$3.45B
| $663K | 0.03% |
+12,405
| New | +$681K |
2016 Q4
0 quarters
|
|
679
Scholastic
SCHL
$676M
| $662K | 0.03% |
13,949
+5,934
| +74% | +$252K |
2016 Q3
1 quarter
|
|
680
LivaNova
LIVN
$4.97B
| $660K | 0.03% |
+14,680
| New | +$721K |
2016 Q4
0 quarters
|
|
|
CXO
681
DELISTED
CONCHO RESOURCES INC.
CXO
| $659K | 0.03% |
+4,969
| New | +$676K |
2016 Q4
0 quarters
|
|
682
Lincoln National
LNC
$7.96B
| $658K | 0.03% |
9,928
-52,417
| -84% | -$3.05M |
2016 Q2
2 quarters
|
|
683
DELISTED
Masimo
MASI
| $655K | 0.03% |
9,719
+2,545
| +35% | +$156K |
2016 Q2
2 quarters
|
|
684
Dentsply Sirona
XRAY
$1.84B
| $654K | 0.03% |
11,321
-5,349
| -32% | -$316K |
2015 Q4
4 quarters
|
|
685
Simmons First National
SFNC
$3.37B
| $653K | 0.03% |
+21,000
| New | +$591K |
2016 Q4
0 quarters
|
|
|
NGD
686
DELISTED
New Gold Inc
NGD
| $652K | 0.03% |
+186,398
| New | +$708K |
2016 Q4
0 quarters
|
|
687
Trip.com Group
TCOM
$27.2B
| $652K | 0.03% |
+16,300
| New | +$713K |
2016 Q4
0 quarters
|
|
|
BBBY
688
DELISTED
Bed Bath & Beyond Inc
BBBY
| $652K | 0.03% |
16,051
-40,542
| -72% | -$1.76M |
2016 Q2
2 quarters
|
|
689
LPL Financial
LPLA
$22.8B
| $651K | 0.03% |
+18,500
| New | +$646K |
2016 Q4
0 quarters
|
|
690
International Flavors & Fragrances
IFF
$20.1B
| $648K | 0.03% |
+5,499
| New | +$690K |
2016 Q4
0 quarters
|
|
691
PACCAR
PCAR
$56B
| $648K | 0.03% |
15,219
-60,995
| -80% | -$2.46M |
2016 Q3
1 quarter
|
|
692
Safehold
SAFE
$689M
| $648K | 0.03% |
+10,766
| New | +$613K |
2016 Q4
0 quarters
|
|
693
DELISTED
Six Flags Entertainment Corp.
SIX
| $647K | 0.03% |
10,794
-4,829
| -31% | -$270K |
2015 Q4
4 quarters
|
|
694
Dave & Buster's
PLAY
$273M
| $646K | 0.03% |
+11,467
| New | +$533K |
2016 Q4
0 quarters
|
|
695
WESCO International
WCC
$15.9B
| $646K | 0.03% |
+9,700
| New | +$616K |
2016 Q4
0 quarters
|
|
696
Seabridge Gold
SA
$2.65B
| $640K | 0.03% |
+78,528
| New | +$773K |
2016 Q4
0 quarters
|
|
697
Adient
ADNT
$1.18B
| $639K | 0.03% |
+10,904
| New | +$576K |
2016 Q4
0 quarters
|
|
|
DATA
698
DELISTED
Tableau Software, Inc.
DATA
| $639K | 0.03% |
15,172
+10,137
| +201% | +$472K |
2016 Q3
1 quarter
|
|
699
Barclays
BCS
$75.9B
| $638K | 0.03% |
61,546
-61,351
| -50% | -$578K |
2016 Q1
3 quarters
|
|
700
Independence Realty Trust
IRT
$3.5B
| $638K | 0.03% |
71,527
+52,627
| +278% | +$455K |
2016 Q3
1 quarter
|
|
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.