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 Core MSCI Emerging Markets ETF
IEMG
|
+$179M |
| 2 |
Intuit
INTU
|
+$36.9M |
| 3 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$35.2M |
| 4 |
Altria Group
MO
|
+$32.6M |
| 5 |
iShares MSCI EAFE ETF
EFA
|
+$25.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares China Large-Cap ETF
FXI
|
+$43.3M |
| 2 |
iShares MSCI Japan ETF
EWJ
|
+$22.7M |
| 3 |
Meta Platforms (Facebook)
META
|
+$20.2M |
| 4 |
Lockheed Martin
LMT
|
+$18M |
| 5 |
Starbucks
SBUX
|
+$16.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 15.09% |
| 2 | Technology | 13.06% |
| 3 | Healthcare | 11.75% |
| 4 | Industrials | 11.74% |
| 5 | Consumer Discretionary | 10.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
Delta Air Lines
DAL
$60.7B
| $14.6M | 0.4% |
317,207
+189,890
| +149% | +$9.27M |
2015 Q3
6 quarters
|
|
|
RHT
52
DELISTED
Red Hat Inc
RHT
| $14.5M | 0.4% |
167,851
+158,925
| +1,780% | +$12.6M |
2016 Q4
1 quarter
|
|
53
Target
TGT
$73.5B
| $14.4M | 0.4% |
261,568
+110,946
| +74% | +$6.9M |
2016 Q4
1 quarter
|
|
54
Colgate-Palmolive
CL
$78B
| $14.3M | 0.39% |
195,174
+176,182
| +928% | +$12.3M |
2016 Q4
1 quarter
|
|
55
Corning
GLW
$96.6B
| $14.1M | 0.39% |
523,735
+413,607
| +376% | +$11M |
2015 Q4
5 quarters
|
|
56
SPDR Gold Trust
GLD
$135B
| $14.1M | 0.39% |
+118,367
| New | +$13.8M |
2017 Q1
0 quarters
|
|
57
Boeing
BA
$137B
| $14M | 0.39% |
79,032
+49,248
| +165% | +$8.39M |
2016 Q4
1 quarter
|
|
58
Newmont
NEM
$125B
| $13.9M | 0.38% |
422,528
+100,002
| +31% | +$3.49M |
2015 Q4
5 quarters
|
|
|
YHOO
59
DELISTED
Yahoo Inc
YHOO
| $13.9M | 0.38% |
299,518
+256,822
| +602% | +$11.5M |
2016 Q3
2 quarters
|
|
60
iShares National Muni Bond ETF
MUB
$54.9B
| $13.7M | 0.38% |
125,751
+13,625
| +12% | +$1.48M |
2016 Q4
1 quarter
|
|
61
PayPal
PYPL
$48.8B
| $13.6M | 0.38% |
317,176
+289,741
| +1,056% | +$12.1M |
2016 Q4
1 quarter
|
|
62
DaVita
DVA
$11.3B
| $13.5M | 0.37% |
199,086
+102,444
| +106% | +$6.78M |
2016 Q2
3 quarters
|
|
63
Capri Holdings
CPRI
$2.25B
| $13.1M | 0.36% |
344,423
+295,768
| +608% | +$11.6M |
2015 Q4
5 quarters
|
|
64
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.5B
| $12.7M | 0.35% |
108,003
-61,486
| -36% | -$7.22M |
2016 Q3
2 quarters
|
|
65
Goldman Sachs
GS
$263B
| $12.5M | 0.35% |
54,511
+50,523
| +1,267% | +$12.2M |
2015 Q4
5 quarters
|
|
66
Synchrony
SYF
$23.3B
| $12.5M | 0.35% |
+364,789
| New | +$13.1M |
2017 Q1
0 quarters
|
|
67
Merck
MRK
$365B
| $12.3M | 0.34% |
203,180
-98,944
| -33% | -$6M |
2016 Q4
1 quarter
|
|
68
Kimberly-Clark
KMB
$68B
| $11.9M | 0.33% |
90,768
+38,179
| +73% | +$4.81M |
2016 Q3
2 quarters
|
|
69
Netflix
NFLX
$260B
| $11.9M | 0.33% |
+807,280
| New | +$11.3M |
2017 Q1
0 quarters
|
|
70
Regency Centers
REG
$14B
| $11.7M | 0.32% |
176,764
+163,782
| +1,262% | +$11.2M |
2016 Q4
1 quarter
|
|
|
NLSN
71
DELISTED
Nielsen Holdings plc
NLSN
| $11.6M | 0.32% |
281,721
+143,574
| +104% | +$6.14M |
2016 Q2
3 quarters
|
|
|
MJN
72
DELISTED
Mead Johnson Nutrition Company
MJN
| $11.5M | 0.32% |
129,126
+126,038
| +4,082% | +$10.4M |
2015 Q3
6 quarters
|
|
73
Honeywell
HON
$72.3B
| $11.3M | 0.31% |
100,355
+84,667
| +540% | +$9.35M |
2015 Q3
6 quarters
|
|
74
DELISTED
Electronic Arts
EA
| $11.2M | 0.31% |
+124,659
| New | +$10.6M |
2017 Q1
0 quarters
|
|
|
TWX
75
DELISTED
Time Warner Inc
TWX
| $11M | 0.3% |
112,927
+81,324
| +257% | +$7.87M |
2016 Q4
1 quarter
|
|
Similar funds
Squarepoint's Q1 2017 Portfolio in Review
As of Q1 2017, Squarepoint held 2,234 positions worth $3.63B, up 48% from $2.44B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Squarepoint deployed $976M of net new capital in Q1 2017, opening 503 new positions and adding to 514 existing holdings. Its largest new stake was iShares Core MSCI Emerging Markets ETF: 3,877,250 shares worth $185M.
By sector, the portfolio is most concentrated in Miscellaneous at 15% of assets, up from 14% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Meta Platforms (Facebook), an estimated $20.2M trimmed.
- Squarepoint's largest Q1 2017 buy was iShares Core MSCI Emerging Markets ETF: 3,877,250 shares worth $185M.
- Squarepoint added most to Intuit in Q1 2017, an estimated $36.9M increase.
- Squarepoint's biggest Q1 2017 reduction was Meta Platforms (Facebook), cutting an estimated $20.2M.
- Squarepoint fully exited iShares China Large-Cap ETF in Q1 2017, selling an estimated $43.3M.
- Squarepoint's ten largest holdings make up 14% of its $3.63B portfolio in Q1 2017.
- Squarepoint opened 503 new positions and closed 757 in Q1 2017.
- Squarepoint's portfolio value rose 48% quarter-over-quarter to $3.63B.
Based on Squarepoint's 13F filing for Q1 2017, filed 15 May 2017.