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
|
+$203M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$91.1M |
| 3 |
PG&E
PCG
|
+$57.7M |
| 4 |
VanEck Gold Miners ETF
GDX
|
+$53.7M |
| 5 |
Boston Scientific
BSX
|
+$41.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Japan ETF
EWJ
|
+$67M |
| 2 |
iShares MSCI India ETF
INDA
|
+$55.1M |
| 3 |
Apple
AAPL
|
+$50.9M |
| 4 |
Intuit
INTU
|
+$43.3M |
| 5 |
Lowe's Companies
LOW
|
+$41.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 15.3% |
| 2 | Consumer Discretionary | 13.6% |
| 3 | Technology | 11.9% |
| 4 | Healthcare | 11.31% |
| 5 | Industrials | 10.89% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
Coca-Cola
KO
$412B
| $18M | 0.31% |
392,952
+346,644
| +749% | +$15.9M |
2017 Q3
1 quarter
|
|
52
Vanguard S&P 500 ETF
VOO
$996B
| $17.8M | 0.31% |
72,591
+57,352
| +376% | +$13.7M |
2017 Q3
1 quarter
|
|
53
SiriusXM
SIRI
$10.9B
| $17.6M | 0.31% |
327,656
-86,006
| -21% | -$4.75M |
2015 Q4
8 quarters
|
|
54
Darden Restaurants
DRI
$25.6B
| $17.5M | 0.3% |
+182,245
| New | +$15.4M |
2017 Q4
0 quarters
|
|
55
Micron Technology
MU
$781B
| $17.2M | 0.3% |
417,778
+368,680
| +751% | +$15.9M |
2017 Q3
1 quarter
|
|
56
Nasdaq
NDAQ
$59.9B
| $17M | 0.3% |
663,942
+490,842
| +284% | +$12.4M |
2015 Q4
8 quarters
|
|
57
Cigna
CI
$77.6B
| $16.9M | 0.3% |
83,394
+44,797
| +116% | +$8.92M |
2015 Q4
8 quarters
|
|
58
Franklin Templeton
BEN
$17.3B
| $16.6M | 0.29% |
383,478
+123,585
| +48% | +$5.35M |
2017 Q2
2 quarters
|
|
59
Cooper Companies
COO
$11.9B
| $16.4M | 0.29% |
300,472
+207,892
| +225% | +$12.2M |
2016 Q3
5 quarters
|
|
60
Best Buy
BBY
$20.9B
| $16.3M | 0.28% |
+237,647
| New | +$14.1M |
2017 Q4
0 quarters
|
|
61
Bristol-Myers Squibb
BMY
$127B
| $16.2M | 0.28% |
+264,021
| New | +$16.5M |
2017 Q4
0 quarters
|
|
62
Kinder Morgan
KMI
$66.7B
| $16.1M | 0.28% |
891,484
-393,225
| -31% | -$7.06M |
2015 Q2
10 quarters
|
|
63
Intuitive Surgical
ISRG
$160B
| $16M | 0.28% |
131,739
+124,710
| +1,774% | +$15.6M |
2017 Q2
2 quarters
|
|
64
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$30.7B
| $15.8M | 0.28% |
130,148
-128,225
| -50% | -$15.5M |
2016 Q3
5 quarters
|
|
65
HP
HPQ
$25.7B
| $15.6M | 0.27% |
742,803
+435,550
| +142% | +$9.26M |
2015 Q1
11 quarters
|
|
66
Honeywell
HON
$69.7B
| $15.5M | 0.27% |
111,683
-112,095
| -50% | -$15M |
2015 Q3
9 quarters
|
|
67
Prudential Financial
PRU
$40.9B
| $15.4M | 0.27% |
134,304
+13,264
| +11% | +$1.49M |
2016 Q3
5 quarters
|
|
68
Vivmark Residential
VMRK
$50.7B
| $15.1M | 0.26% |
237,036
+152,774
| +181% | +$10.2M |
2016 Q4
4 quarters
|
|
69
Morgan Stanley
MS
$284B
| $15.1M | 0.26% |
+288,066
| New | +$14.6M |
2017 Q4
0 quarters
|
|
70
Ulta Beauty
ULTA
$27.6B
| $15.1M | 0.26% |
67,349
+25,872
| +62% | +$5.47M |
2015 Q4
8 quarters
|
|
71
DELISTED
Anadarko Petroleum
APC
| $15M | 0.26% |
279,690
+164,251
| +142% | +$8.08M |
2016 Q4
4 quarters
|
|
72
Toll Brothers
TOL
$14.1B
| $14.8M | 0.26% |
308,011
+112,068
| +57% | +$5.16M |
2017 Q2
2 quarters
|
|
73
TJX Companies
TJX
$149B
| $14.5M | 0.25% |
380,112
+133,662
| +54% | +$4.85M |
2016 Q1
7 quarters
|
|
74
Ventas
VTR
$46.9B
| $14.4M | 0.25% |
+240,482
| New | +$15.2M |
2017 Q4
0 quarters
|
|
75
Netflix
NFLX
$260B
| $14.4M | 0.25% |
749,120
+317,710
| +74% | +$6.12M |
2017 Q1
3 quarters
|
|
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Squarepoint's Q4 2017 Portfolio in Review
As of Q4 2017, Squarepoint held 2,530 positions worth $5.74B, up 10% from $5.2B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Squarepoint deployed $341M of net new capital in Q4 2017, opening 949 new positions and adding to 622 existing holdings. Its largest new stake was Boston Scientific: 1,494,796 shares worth $37.1M.
By sector, the portfolio is most concentrated in Miscellaneous at 15% of assets, up from 14% a quarter earlier, followed by Consumer Discretionary and Technology.
On the sell side, the largest reduction was Apple, an estimated $50.9M trimmed.
- Squarepoint's largest Q4 2017 buy was Boston Scientific: 1,494,796 shares worth $37.1M.
- Squarepoint added most to iShares Core MSCI Emerging Markets ETF in Q4 2017, an estimated $203M increase.
- Squarepoint's biggest Q4 2017 reduction was Apple, cutting an estimated $50.9M.
- Squarepoint fully exited iShares MSCI Japan ETF in Q4 2017, selling an estimated $67M.
- Squarepoint's ten largest holdings make up 15% of its $5.74B portfolio in Q4 2017.
- Squarepoint opened 949 new positions and closed 486 in Q4 2017.
- Squarepoint's portfolio value rose 10% quarter-over-quarter to $5.74B.
Based on Squarepoint's 13F filing for Q4 2017, filed 14 Feb 2018.