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 | |
|---|---|---|---|---|---|---|---|
|
GWR
701
DELISTED
Genesee & Wyoming Inc.
GWR
| $1.08M | 0.02% |
+15,752
| New | +$1.04M |
2017 Q2
0 quarters
|
|
702
Sanmina
SANM
$7.22B
| $1.07M | 0.02% |
28,193
-12,496
| -31% | -$475K |
2017 Q1
1 quarter
|
|
703
FormFactor
FORM
$6.36B
| $1.07M | 0.02% |
+86,507
| New | +$1.12M |
2017 Q2
0 quarters
|
|
704
DELISTED
Synovus
SNV
| $1.07M | 0.02% |
24,227
-16,322
| -40% | -$686K |
2015 Q4
6 quarters
|
|
705
Marvell Technology
MRVL
$127B
| $1.07M | 0.02% |
64,753
-31,247
| -33% | -$505K |
2016 Q2
4 quarters
|
|
|
GGP
706
DELISTED
GGP Inc.
GGP
| $1.07M | 0.02% |
45,295
+33,657
| +289% | +$775K |
2016 Q3
3 quarters
|
|
707
Willis Towers Watson
WTW
$30.3B
| $1.07M | 0.02% |
+7,326
| New | +$1.02M |
2017 Q2
0 quarters
|
|
|
EXTN
708
DELISTED
Exterran Corporation
EXTN
| $1.06M | 0.02% |
39,890
+16,540
| +71% | +$469K |
2017 Q1
1 quarter
|
|
|
CBF
709
DELISTED
Capital Bank Financial Corp. Class A Common Stock
CBF
| $1.06M | 0.02% |
+27,731
| New | +$1.1M |
2017 Q2
0 quarters
|
|
|
CIT
710
DELISTED
CIT Group Inc.
CIT
| $1.05M | 0.02% |
+21,568
| New | +$991K |
2017 Q2
0 quarters
|
|
711
TTM Technologies
TTMI
$7.01B
| $1.04M | 0.02% |
59,965
+35,100
| +141% | +$589K |
2016 Q3
3 quarters
|
|
712
DELISTED
Big Lots, Inc.
BIG
| $1.04M | 0.02% |
+21,533
| New | +$1.05M |
2017 Q2
0 quarters
|
|
713
iShares Russell 2000 Value ETF
IWN
$13.7B
| $1.04M | 0.02% |
8,743
-29,120
| -77% | -$3.42M |
2017 Q1
1 quarter
|
|
714
STMicroelectronics
STM
$37.3B
| $1.04M | 0.02% |
72,014
+57,668
| +402% | +$910K |
2017 Q1
1 quarter
|
|
715
Motorola Solutions
MSI
$85.1B
| $1.03M | 0.02% |
11,895
-8,878
| -43% | -$753K |
2015 Q4
6 quarters
|
|
|
BKI
716
DELISTED
Black Knight, Inc. Common Stock
BKI
| $1.03M | 0.02% |
+25,184
| New | +$995K |
2017 Q2
0 quarters
|
|
717
Sprouts Farmers Market
SFM
$4.53B
| $1.03M | 0.02% |
+45,426
| New | +$1.05M |
2017 Q2
0 quarters
|
|
718
Silgan Holdings
SLGN
$4.34B
| $1.03M | 0.02% |
32,421
-11,045
| -25% | -$341K |
2016 Q4
2 quarters
|
|
719
Affiliated Managers Group
AMG
$9.39B
| $1.03M | 0.02% |
+6,206
| New | +$991K |
2017 Q2
0 quarters
|
|
720
DELISTED
ProAssurance
PRA
| $1.03M | 0.02% |
16,905
+5,659
| +50% | +$340K |
2017 Q1
1 quarter
|
|
721
Donaldson
DCI
$9.8B
| $1.02M | 0.02% |
+22,458
| New | +$1.03M |
2017 Q2
0 quarters
|
|
722
Goodyear
GT
$1.26B
| $1.02M | 0.02% |
29,220
-100,912
| -78% | -$3.48M |
2016 Q4
2 quarters
|
|
723
Yelp
YELP
$1.06B
| $1.02M | 0.02% |
33,967
+23,067
| +212% | +$720K |
2016 Q2
4 quarters
|
|
|
SVC
724
Service Properties Trust
SVC
$675M
| $1.01M | 0.02% |
+6,957
| New | +$1.06M |
2017 Q2
0 quarters
|
|
725
NOV
NOV
$6.26B
| $1M | 0.02% |
30,487
+22,147
| +266% | +$764K |
2017 Q1
1 quarter
|
|
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.