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 |
VanEck Gold Miners ETF
GDX
|
+$87.3M |
| 2 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$58.8M |
| 3 |
Wells Fargo
WFC
|
+$50M |
| 4 |
Archer Daniels Midland
ADM
|
+$46.7M |
| 5 |
Southern Company
SO
|
+$46.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$79.7M |
| 2 |
Cigna
CI
|
+$69.1M |
| 3 |
iShares MSCI Taiwan ETF
EWT
|
+$46.8M |
| 4 |
Caterpillar
CAT
|
+$42.7M |
| 5 |
DXC Technology
DXC
|
+$40M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 18.59% |
| 2 | Technology | 14.57% |
| 3 | Financials | 13% |
| 4 | Industrials | 11.45% |
| 5 | Healthcare | 10.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
Lennar Class A
LEN
$19.9B
| $27.8M | 0.33% |
615,233
+505,557
| +461% | +$25.5M |
2015 Q4
11 quarters
|
|
52
Cinemark Holdings
CNK
$4.73B
| $27.7M | 0.33% |
688,561
+332,318
| +93% | +$12.3M |
2018 Q1
2 quarters
|
|
53
Texas Roadhouse
TXRH
$12.2B
| $27.5M | 0.33% |
397,099
+358,132
| +919% | +$24.3M |
2017 Q3
4 quarters
|
|
54
Southwest Airlines
LUV
$22B
| $27.5M | 0.33% |
439,971
+384,873
| +699% | +$22.5M |
2017 Q4
3 quarters
|
|
55
State Street Technology Select Sector SPDR ETF
XLK
$114B
| $27.5M | 0.33% |
+729,232
| New | +$26.7M |
2018 Q3
0 quarters
|
|
56
Vail Resorts
MTN
$5.45B
| $27M | 0.32% |
98,557
-82,214
| -45% | -$23.7M |
2018 Q1
2 quarters
|
|
57
Goldman Sachs
GS
$264B
| $27M | 0.32% |
120,576
-65,752
| -35% | -$15.3M |
2018 Q2
1 quarter
|
|
58
CSX Corp
CSX
$95.9B
| $26.7M | 0.32% |
1,081,245
+842,445
| +353% | +$20.1M |
2017 Q3
4 quarters
|
|
59
Masco
MAS
$16.3B
| $26.5M | 0.32% |
725,013
+461,881
| +176% | +$17.8M |
2017 Q1
6 quarters
|
|
60
Wayfair
W
$15.3B
| $26.4M | 0.32% |
178,873
+25,234
| +16% | +$3.21M |
2018 Q2
1 quarter
|
|
61
Zoetis
ZTS
$34.1B
| $25.9M | 0.31% |
283,342
+37,593
| +15% | +$3.34M |
2018 Q2
1 quarter
|
|
62
Lear
LEA
$5.24B
| $25.7M | 0.31% |
177,553
+94,514
| +114% | +$16.2M |
2016 Q4
7 quarters
|
|
63
American Express
AXP
$215B
| $25.6M | 0.31% |
240,297
+33,207
| +16% | +$3.45M |
2017 Q1
6 quarters
|
|
64
Apple
AAPL
$5.18T
| $25.6M | 0.31% |
+453,200
| New | +$23.6M |
2018 Q3
0 quarters
|
|
65
Danaher
DHR
$164B
| $25.4M | 0.3% |
263,963
-355,897
| -57% | -$32.4M |
2016 Q3
8 quarters
|
|
66
A.O. Smith
AOS
$8.63B
| $25M | 0.3% |
468,109
+246,318
| +111% | +$14.5M |
2018 Q1
2 quarters
|
|
|
LLL
67
DELISTED
L3 Technologies, Inc.
LLL
| $24.9M | 0.3% |
116,985
+59,465
| +103% | +$12.4M |
2015 Q3
12 quarters
|
|
68
DELISTED
Nordstrom
JWN
| $24.5M | 0.29% |
410,301
-43,100
| -10% | -$2.47M |
2017 Q3
4 quarters
|
|
69
Autodesk
ADSK
$55.3B
| $24.5M | 0.29% |
157,045
+139,361
| +788% | +$19.7M |
2017 Q4
3 quarters
|
|
70
DELISTED
WestRock Company
WRK
| $24.2M | 0.29% |
453,055
+283,891
| +168% | +$15.9M |
2018 Q2
1 quarter
|
|
71
LyondellBasell Industries
LYB
$20.8B
| $24M | 0.29% |
234,562
-12,917
| -5% | -$1.41M |
2018 Q1
2 quarters
|
|
72
PNC Financial Services
PNC
$92.3B
| $23.6M | 0.28% |
173,100
-2,719
| -2% | -$387K |
2018 Q1
2 quarters
|
|
73
JetBlue
JBLU
$1.42B
| $23.2M | 0.28% |
1,196,212
+1,018,855
| +574% | +$19.3M |
2017 Q4
3 quarters
|
|
74
TE Connectivity
TEL
$62B
| $23M | 0.28% |
261,853
+174,259
| +199% | +$16M |
2018 Q1
2 quarters
|
|
75
Williams Companies
WMB
$86.4B
| $23M | 0.28% |
845,499
+429,899
| +103% | +$12.5M |
2016 Q1
10 quarters
|
|
Similar funds
Squarepoint's Q3 2018 Portfolio in Review
As of Q3 2018, Squarepoint held 2,400 positions worth $8.36B, up 11% from $7.55B the previous quarter. Its ten largest holdings account for 9.6% of the portfolio.
Squarepoint deployed $509M of net new capital in Q3 2018, opening 687 new positions and adding to 686 existing holdings. Its largest new stake was VanEck Gold Miners ETF: 4,374,139 shares worth $81M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 19% of assets, up from 17% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was Cigna, an estimated $69.1M trimmed.
- Squarepoint's largest Q3 2018 buy was VanEck Gold Miners ETF: 4,374,139 shares worth $81M.
- Squarepoint added most to iShares Core MSCI Emerging Markets ETF in Q3 2018, an estimated $58.8M increase.
- Squarepoint's biggest Q3 2018 reduction was Cigna, cutting an estimated $69.1M.
- Squarepoint fully exited Vanguard FTSE Emerging Markets ETF in Q3 2018, selling an estimated $79.7M.
- Squarepoint's ten largest holdings make up 9.6% of its $8.36B portfolio in Q3 2018.
- Squarepoint opened 687 new positions and closed 456 in Q3 2018.
- Squarepoint's portfolio value rose 11% quarter-over-quarter to $8.36B.
Based on Squarepoint's 13F filing for Q3 2018, filed 14 Nov 2018.