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 |
Amazon
AMZN
|
+$97.9M |
| 2 |
CELG
Celgene Corp
CELG
|
+$93.9M |
| 3 |
VF Corp
VFC
|
+$71.9M |
| 4 |
Chipotle Mexican Grill
CMG
|
+$69.6M |
| 5 |
State Street Utilities Select Sector SPDR ETF
XLU
|
+$63.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dollar General
DG
|
+$113M |
| 2 |
TJX Companies
TJX
|
+$95.9M |
| 3 |
Yum! Brands
YUM
|
+$87.7M |
| 4 |
Colgate-Palmolive
CL
|
+$69.2M |
| 5 |
Walt Disney
DIS
|
+$68.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 21.12% |
| 2 | Technology | 12.66% |
| 3 | Financials | 11.33% |
| 4 | Healthcare | 10.97% |
| 5 | Miscellaneous | 9.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
Costco
COST
$488B
| $37.5M | 0.37% |
141,957
-90,150
| -39% | -$22.5M |
2017 Q4
6 quarters
|
|
52
Wingstop
WING
$4.27B
| $37M | 0.36% |
389,974
+61,921
| +19% | +$5.04M |
2017 Q2
8 quarters
|
|
53
O'Reilly Automotive
ORLY
$73.5B
| $36.9M | 0.36% |
1,499,730
+662,520
| +79% | +$16.8M |
2018 Q1
5 quarters
|
|
54
Union Pacific
UNP
$182B
| $36.7M | 0.36% |
+217,062
| New | +$37.2M |
2019 Q2
0 quarters
|
|
55
Philip Morris
PM
$309B
| $36.5M | 0.36% |
464,973
+47,006
| +11% | +$3.88M |
2016 Q1
13 quarters
|
|
56
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.2B
| $35.9M | 0.35% |
+288,900
| New | +$34.7M |
2019 Q2
0 quarters
|
|
57
DELISTED
Anadarko Petroleum
APC
| $35.8M | 0.35% |
507,443
+108,952
| +27% | +$7.3M |
2018 Q3
3 quarters
|
|
58
Verizon
VZ
$193B
| $35.5M | 0.35% |
622,147
+471,364
| +313% | +$27.2M |
2019 Q1
1 quarter
|
|
59
Shake Shack
SHAK
$2.93B
| $34.5M | 0.34% |
477,922
+350,567
| +275% | +$21.6M |
2018 Q4
2 quarters
|
|
60
iShares MSCI Taiwan ETF
EWT
$10.1B
| $34.4M | 0.34% |
984,681
-319,135
| -24% | -$11M |
2018 Q1
5 quarters
|
|
61
Five Below
FIVE
$13.5B
| $34.3M | 0.33% |
285,979
+35,323
| +14% | +$4.65M |
2018 Q3
3 quarters
|
|
62
Allstate
ALL
$66.2B
| $34.2M | 0.33% |
336,257
+164,660
| +96% | +$16.1M |
2015 Q1
17 quarters
|
|
63
Church & Dwight Co
CHD
$26.5B
| $33.9M | 0.33% |
+463,474
| New | +$34.5M |
2019 Q2
0 quarters
|
|
64
Vistra
VST
$44.5B
| $33.8M | 0.33% |
1,491,311
+1,152,775
| +341% | +$28.9M |
2018 Q4
2 quarters
|
|
65
Texas Roadhouse
TXRH
$12.2B
| $33.6M | 0.33% |
626,604
+503,624
| +410% | +$28.3M |
2017 Q3
7 quarters
|
|
66
Equinix
EQIX
$103B
| $33.5M | 0.33% |
+66,376
| New | +$31.8M |
2019 Q2
0 quarters
|
|
67
DuPont de Nemours
DD
$20.2B
| $31.5M | 0.31% |
333,834
+284,665
| +579% | +$34M |
2018 Q4
2 quarters
|
|
68
CarMax
KMX
$7.37B
| $30.9M | 0.3% |
355,905
+159,488
| +81% | +$12.5M |
2018 Q4
2 quarters
|
|
69
Marathon Petroleum
MPC
$111B
| $30.5M | 0.3% |
545,581
+319,602
| +141% | +$17.5M |
2018 Q2
4 quarters
|
|
70
Procter & Gamble
PG
$393B
| $30.1M | 0.29% |
274,584
+224,028
| +443% | +$23.9M |
2017 Q4
6 quarters
|
|
71
Altria Group
MO
$130B
| $30M | 0.29% |
+633,180
| New | +$33.2M |
2019 Q2
0 quarters
|
|
72
CenterPoint Energy
CNP
$27.3B
| $29.8M | 0.29% |
1,041,382
+833,722
| +401% | +$24.9M |
2016 Q4
10 quarters
|
|
73
Cisco
CSCO
$382B
| $29.4M | 0.29% |
537,742
+355,834
| +196% | +$19.7M |
2018 Q1
5 quarters
|
|
74
Progressive
PGR
$137B
| $29.1M | 0.28% |
364,651
+288,163
| +377% | +$22.3M |
2018 Q1
5 quarters
|
|
75
Tapestry
TPR
$25.8B
| $28.5M | 0.28% |
896,919
-395,365
| -31% | -$12.3M |
2018 Q1
5 quarters
|
|
Similar funds
Squarepoint's Q2 2019 Portfolio in Review
As of Q2 2019, Squarepoint held 2,856 positions worth $10.3B, up 8.7% from $9.44B the previous quarter. Its ten largest holdings account for 9.3% of the portfolio.
Squarepoint deployed $560M of net new capital in Q2 2019, opening 753 new positions and adding to 869 existing holdings. Its largest new stake was Celgene Corp: 988,338 shares worth $91.4M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 21% of assets, up from 18% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was Dollar General, an estimated $113M trimmed.
- Squarepoint's largest Q2 2019 buy was Celgene Corp: 988,338 shares worth $91.4M.
- Squarepoint added most to Amazon in Q2 2019, an estimated $97.9M increase.
- Squarepoint's biggest Q2 2019 reduction was Dollar General, cutting an estimated $113M.
- Squarepoint fully exited iShares MSCI India ETF in Q2 2019, selling an estimated $55.7M.
- Squarepoint's ten largest holdings make up 9.3% of its $10.3B portfolio in Q2 2019.
- Squarepoint opened 753 new positions and closed 531 in Q2 2019.
- Squarepoint's portfolio value rose 8.7% quarter-over-quarter to $10.3B.
Based on Squarepoint's 13F filing for Q2 2019, filed 14 Aug 2019.