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
|
+$102M |
| 2 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$85.3M |
| 3 |
Intuit
INTU
|
+$76.5M |
| 4 |
Home Depot
HD
|
+$71.6M |
| 5 |
Cigna
CI
|
+$44.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Brazil ETF
EWZ
|
+$119M |
| 2 |
VanEck Gold Miners ETF
GDX
|
+$69M |
| 3 |
TWX
Time Warner Inc
TWX
|
+$51.1M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$47.4M |
| 5 |
iShares MSCI India ETF
INDA
|
+$47.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 17% |
| 2 | Financials | 13.53% |
| 3 | Healthcare | 13.33% |
| 4 | Technology | 13.18% |
| 5 | Industrials | 11.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
Halliburton
HAL
$26.5B
| $25.9M | 0.34% |
574,748
+506,776
| +746% | +$25.2M |
2015 Q4
10 quarters
|
|
|
GRUB
52
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $25.5M | 0.34% |
+121,696
| New | +$25.2M |
2018 Q2
0 quarters
|
|
|
MXIM
53
DELISTED
Maxim Integrated Products
MXIM
| $25.5M | 0.34% |
434,730
+366,030
| +533% | +$21.3M |
2016 Q2
8 quarters
|
|
54
Nike
NKE
$59.1B
| $25.4M | 0.34% |
318,627
-194,082
| -38% | -$13.7M |
2017 Q1
5 quarters
|
|
55
Comcast
CMCSA
$86.3B
| $25M | 0.33% |
763,244
+282,110
| +59% | +$9.19M |
2018 Q1
1 quarter
|
|
56
Constellation Brands
STZ
$24.5B
| $24.3M | 0.32% |
111,205
+2,683
| +2% | +$606K |
2015 Q2
12 quarters
|
|
57
Agilent Technologies
A
$50.4B
| $24.3M | 0.32% |
392,752
+285,361
| +266% | +$18.6M |
2017 Q2
4 quarters
|
|
58
PNC Financial Services
PNC
$91.8B
| $23.8M | 0.31% |
175,819
+161,827
| +1,157% | +$23.6M |
2018 Q1
1 quarter
|
|
59
Allstate
ALL
$62.6B
| $23.7M | 0.31% |
259,663
-1,281
| -0.5% | -$122K |
2015 Q1
13 quarters
|
|
60
DELISTED
Nordstrom
JWN
| $23.5M | 0.31% |
453,401
+147,597
| +48% | +$7.32M |
2017 Q3
3 quarters
|
|
61
NextEra Energy
NEE
$184B
| $23.5M | 0.31% |
+562,060
| New | +$22.7M |
2018 Q2
0 quarters
|
|
62
Citizens Financial Group
CFG
$27.4B
| $23.2M | 0.31% |
597,234
+283,177
| +90% | +$11.8M |
2017 Q4
2 quarters
|
|
63
Tapestry
TPR
$26.3B
| $22.7M | 0.3% |
485,331
+206,328
| +74% | +$9.9M |
2018 Q1
1 quarter
|
|
64
Exelon
EXC
$47.3B
| $21.8M | 0.29% |
717,023
+35,212
| +5% | +$1.01M |
2017 Q4
2 quarters
|
|
|
CTXS
65
DELISTED
Citrix Systems Inc
CTXS
| $21.5M | 0.29% |
205,424
+201,267
| +4,842% | +$20.7M |
2018 Q1
1 quarter
|
|
66
Deckers Outdoor
DECK
$12B
| $21.4M | 0.28% |
+1,134,966
| New | +$19.6M |
2018 Q2
0 quarters
|
|
67
JPMorgan Chase
JPM
$909B
| $21.4M | 0.28% |
204,894
-60,619
| -23% | -$6.65M |
2016 Q4
6 quarters
|
|
68
Hershey
HSY
$34.4B
| $21.3M | 0.28% |
228,874
+172,770
| +308% | +$16.1M |
2016 Q3
7 quarters
|
|
69
Zoetis
ZTS
$33B
| $20.9M | 0.28% |
+245,749
| New | +$20.7M |
2018 Q2
0 quarters
|
|
70
Intuitive Surgical
ISRG
$163B
| $20.7M | 0.27% |
130,074
+56,058
| +76% | +$8.55M |
2017 Q2
4 quarters
|
|
71
Prologis
PLD
$124B
| $20.7M | 0.27% |
314,655
+129,826
| +70% | +$8.35M |
2017 Q4
2 quarters
|
|
72
Altria Group
MO
$125B
| $20.4M | 0.27% |
359,638
+212,523
| +144% | +$12.3M |
2017 Q1
5 quarters
|
|
73
Fifth Third Bancorp
FITB
$49.3B
| $20.4M | 0.27% |
710,678
+625,754
| +737% | +$19.9M |
2017 Q4
2 quarters
|
|
74
American Express
AXP
$218B
| $20.3M | 0.27% |
207,090
-89,949
| -30% | -$8.84M |
2017 Q1
5 quarters
|
|
75
iShares MSCI EAFE Small-Cap ETF
SCZ
$12.8B
| $20.3M | 0.27% |
+323,244
| New | +$21.2M |
2018 Q2
0 quarters
|
|
Similar funds
Squarepoint's Q2 2018 Portfolio in Review
As of Q2 2018, Squarepoint held 2,269 positions worth $7.55B, up 20% from $6.3B the previous quarter. Its ten largest holdings account for 9.4% of the portfolio.
Squarepoint deployed $1.17B of net new capital in Q2 2018, opening 635 new positions and adding to 628 existing holdings. Its largest new stake was Vanguard FTSE Emerging Markets ETF: 1,889,716 shares worth $79.7M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 17% of assets, up from 14% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was iShares MSCI India ETF, an estimated $47.3M trimmed.
- Squarepoint's largest Q2 2018 buy was Vanguard FTSE Emerging Markets ETF: 1,889,716 shares worth $79.7M.
- Squarepoint added most to iShares MSCI Taiwan ETF in Q2 2018, an estimated $102M increase.
- Squarepoint's biggest Q2 2018 reduction was iShares MSCI India ETF, cutting an estimated $47.3M.
- Squarepoint fully exited iShares MSCI Brazil ETF in Q2 2018, selling an estimated $119M.
- Squarepoint's ten largest holdings make up 9.4% of its $7.55B portfolio in Q2 2018.
- Squarepoint opened 635 new positions and closed 556 in Q2 2018.
- Squarepoint's portfolio value rose 20% quarter-over-quarter to $7.55B.
Based on Squarepoint's 13F filing for Q2 2018, filed 14 Aug 2018.