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 | |
|---|---|---|---|---|---|---|---|
|
CSOD
701
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $326K | 0.02% |
+7,100
| New | +$311K |
2016 Q3
0 quarters
|
|
702
Adobe
ADBE
$92.4B
| $325K | 0.02% |
2,998
-28,064
| -90% | -$2.82M |
2016 Q1
2 quarters
|
|
|
BFX
703
DELISTED
BowFlex Inc.
BFX
| $325K | 0.02% |
+14,324
| New | +$305K |
2016 Q3
0 quarters
|
|
|
FLTX
704
DELISTED
Fleetmatics Group PLC
FLTX
| $324K | 0.02% |
+5,400
| New | +$295K |
2016 Q3
0 quarters
|
|
705
CoreCivic
CXW
$2.58B
| $323K | 0.02% |
+23,262
| New | +$555K |
2016 Q3
0 quarters
|
|
|
SHOR
706
DELISTED
ShoreTel, Inc.
SHOR
| $322K | 0.02% |
+40,235
| New | +$315K |
2016 Q3
0 quarters
|
|
|
TCF
707
DELISTED
TCF Financial Corporation Common Stock
TCF
| $321K | 0.02% |
+7,284
| New | +$310K |
2016 Q3
0 quarters
|
|
708
Papa John's
PZZA
$684M
| $318K | 0.02% |
+4,034
| New | +$301K |
2016 Q3
0 quarters
|
|
709
DELISTED
Radius Recycling
RDUS
| $318K | 0.02% |
15,193
-4,663
| -23% | -$88.8K |
2016 Q2
1 quarter
|
|
710
3D Systems Corp
DDD
$319M
| $317K | 0.02% |
+17,678
| New | +$265K |
2016 Q3
0 quarters
|
|
711
Scholastic
SCHL
$684M
| $315K | 0.02% |
+8,015
| New | +$322K |
2016 Q3
0 quarters
|
|
712
RPC Inc
RES
$1.17B
| $314K | 0.02% |
+18,700
| New | +$284K |
2016 Q3
0 quarters
|
|
713
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $312K | 0.02% |
+12,287
| New | +$312K |
2016 Q3
0 quarters
|
|
714
DELISTED
2U Inc
TWOU
| $310K | 0.02% |
+270
| New | +$282K |
2016 Q3
0 quarters
|
|
715
DELISTED
Adeptus Health Inc
ADPT
| $310K | 0.02% |
7,196
+97
| +1% | +$4.38K |
2015 Q3
4 quarters
|
|
716
DELISTED
Ansys
ANSS
| $307K | 0.02% |
+3,320
| New | +$309K |
2016 Q3
0 quarters
|
|
717
EPR Properties
EPR
$4.69B
| $304K | 0.02% |
3,858
-2,816
| -42% | -$225K |
2016 Q1
2 quarters
|
|
718
Silicon Laboratories
SLAB
$7.4B
| $304K | 0.02% |
+5,175
| New | +$279K |
2016 Q3
0 quarters
|
|
719
Commerce Bancshares
CBSH
$7.93B
| $303K | 0.02% |
+10,027
| New | +$299K |
2016 Q3
0 quarters
|
|
720
Fair Isaac
FICO
$15.6B
| $303K | 0.02% |
+2,434
| New | +$304K |
2016 Q3
0 quarters
|
|
721
Mercury Systems
MRCY
$4.85B
| $302K | 0.02% |
+12,303
| New | +$295K |
2016 Q3
0 quarters
|
|
722
Woodward
WWD
$19.7B
| $302K | 0.02% |
4,837
-433
| -8% | -$26K |
2016 Q2
1 quarter
|
|
|
RESI
723
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $302K | 0.02% |
+27,695
| New | +$280K |
2016 Q3
0 quarters
|
|
|
HIFR
724
DELISTED
InfraREIT, Inc.
HIFR
| $301K | 0.02% |
+16,566
| New | +$299K |
2016 Q3
0 quarters
|
|
725
Atmos Energy
ATO
$29.3B
| $300K | 0.02% |
+4,022
| New | +$309K |
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.