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 | |
|---|---|---|---|---|---|---|---|
701
Kirby Corp
KEX
$6.68B
| $638K | 0.03% |
9,595
+5,841
| +156% | +$369K |
2015 Q4
4 quarters
|
|
702
First Bancorp
FBP
$3.9B
| $637K | 0.03% |
+96,408
| New | +$567K |
2016 Q4
0 quarters
|
|
703
Invesco Mortgage Capital
IVR
$544M
| $637K | 0.03% |
+4,366
| New | +$647K |
2016 Q4
0 quarters
|
|
|
HSNI
704
DELISTED
HSN, Inc.
HSNI
| $637K | 0.03% |
+18,561
| New | +$694K |
2016 Q4
0 quarters
|
|
705
Wayfair
W
$15.3B
| $636K | 0.03% |
+18,144
| New | +$652K |
2016 Q4
0 quarters
|
|
706
MaxLinear
MXL
$5.35B
| $632K | 0.03% |
+28,981
| New | +$600K |
2016 Q4
0 quarters
|
|
707
DELISTED
National Storage Affiliates Trust
NSA
| $631K | 0.03% |
+28,589
| New | +$580K |
2016 Q4
0 quarters
|
|
|
ACHN
708
DELISTED
Achillion Pharmaceuticals
ACHN
| $631K | 0.03% |
152,825
+117,825
| +337% | +$626K |
2015 Q4
4 quarters
|
|
|
CBI
709
DELISTED
Chicago Bridge & Iron Nv
CBI
| $629K | 0.03% |
19,800
-6,000
| -23% | -$188K |
2016 Q3
1 quarter
|
|
710
DELISTED
Du Pont De Nemours E I
DD
| $629K | 0.03% |
8,566
+1,407
| +20% | +$100K |
2016 Q1
3 quarters
|
|
711
SITE Centers
SITC
$36.5M
| $628K | 0.03% |
31,929
+7,870
| +33% | +$157K |
2016 Q2
2 quarters
|
|
|
LPT
712
DELISTED
Liberty Property Trust
LPT
| $628K | 0.03% |
15,900
+463
| +3% | +$18.1K |
2016 Q3
1 quarter
|
|
713
Orchid Island Capital
ORC
$881M
| $625K | 0.03% |
+11,535
| New | +$615K |
2016 Q4
0 quarters
|
|
714
Snap-on
SNA
$19B
| $625K | 0.03% |
3,651
-6,666
| -65% | -$1.08M |
2015 Q3
5 quarters
|
|
715
Weyerhaeuser
WY
$14.7B
| $623K | 0.03% |
20,699
+5,695
| +38% | +$176K |
2015 Q3
5 quarters
|
|
|
RHT
716
DELISTED
Red Hat Inc
RHT
| $622K | 0.03% |
+8,926
| New | +$689K |
2016 Q4
0 quarters
|
|
|
PIR
717
DELISTED
Pier 1 Imports, Inc.
PIR
| $619K | 0.03% |
3,626
+2,386
| +192% | +$277K |
2016 Q3
1 quarter
|
|
718
First Majestic Silver
AG
$6.9B
| $617K | 0.03% |
+80,909
| New | +$675K |
2016 Q4
0 quarters
|
|
719
Everpure Inc
P
$36.7B
| $617K | 0.03% |
+54,579
| New | +$707K |
2016 Q4
0 quarters
|
|
720
Red Rock Resorts
RRR
$2.93B
| $617K | 0.03% |
26,600
+3,979
| +18% | +$90.5K |
2016 Q3
1 quarter
|
|
721
Highwoods Properties
HIW
$3.41B
| $609K | 0.02% |
11,930
-8,738
| -42% | -$428K |
2016 Q2
2 quarters
|
|
722
Stewart Information Services
STC
$1.27B
| $606K | 0.02% |
+13,158
| New | +$590K |
2016 Q4
0 quarters
|
|
723
DELISTED
Hess
HES
| $605K | 0.02% |
9,715
-10,068
| -51% | -$550K |
2016 Q3
1 quarter
|
|
724
Rogers Corp
ROG
$2.31B
| $604K | 0.02% |
+7,869
| New | +$533K |
2016 Q4
0 quarters
|
|
725
DELISTED
Beazer Homes USA
BZH
| $603K | 0.02% |
+45,351
| New | +$560K |
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.