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 |
CSX Corp
CSX
|
+$99.5M |
| 2 |
Sherwin-Williams
SHW
|
+$80.5M |
| 3 |
GE Aerospace
GE
|
+$78.7M |
| 4 |
Royal Caribbean
RCL
|
+$78.5M |
| 5 |
Workday
WDAY
|
+$74M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Snap
SNAP
|
+$170M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$128M |
| 3 |
Zoom
ZM
|
+$120M |
| 4 |
Citigroup
C
|
+$111M |
| 5 |
Apple
AAPL
|
+$101M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 42.69% |
| 2 | Consumer Discretionary | 12.52% |
| 3 | Technology | 10.84% |
| 4 | Industrials | 6.37% |
| 5 | Healthcare | 6.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
CALL
Airbnb
ABNB
$109B
| $66.1M | 0.37% |
741,700
+739,200
| +29,568% | +$96.2M |
2021 Q3
3 quarters
|
|
52
McDonald's
MCD
$194B
| $65.8M | 0.37% |
+266,402
| New | +$65.6M |
2022 Q2
0 quarters
|
|
53
Align Technology
ALGN
$12B
| $65.3M | 0.36% |
276,115
+232,564
| +534% | +$71.5M |
2020 Q3
7 quarters
|
|
54
PUT
MongoDB
MDB
$26.5B
| $61.3M | 0.34% |
236,100
-49,700
| -17% | -$15.5M |
2020 Q4
6 quarters
|
|
55
PUT
iShares Global Clean Energy ETF
ICLN
$1.99B
| $60M | 0.33% |
3,149,500
| – | – |
2021 Q1
5 quarters
|
|
56
CVS Health
CVS
$114B
| $59.7M | 0.33% |
644,797
+616,068
| +2,144% | +$60.1M |
2020 Q1
9 quarters
|
|
57
JPMorgan Chase
JPM
$915B
| $59.3M | 0.33% |
526,942
+323,826
| +159% | +$40.1M |
2020 Q1
9 quarters
|
|
58
CALL
Amazon
AMZN
$2.87T
| $59.2M | 0.33% |
557,200
+445,200
| +398% | +$55.7M |
2020 Q2
8 quarters
|
|
59
Bank of America
BAC
$349B
| $59.1M | 0.33% |
1,899,751
+1,460,678
| +333% | +$52.6M |
2020 Q2
8 quarters
|
|
60
Tractor Supply
TSCO
$18.8B
| $56.5M | 0.31% |
1,457,765
+1,191,135
| +447% | +$48.4M |
2018 Q2
16 quarters
|
|
61
Okta
OKTA
$31.1B
| $56.4M | 0.31% |
623,566
-49,350
| -7% | -$5.33M |
2020 Q3
7 quarters
|
|
62
Campbell Soup
CPB
$6.66B
| $53.8M | 0.3% |
1,119,985
+753,911
| +206% | +$35.5M |
2020 Q4
6 quarters
|
|
|
63
iShares Global Clean Energy ETF
ICLN
$1.99B
| $51.7M | 0.29% |
2,713,792
+448,421
| +20% | +$8.74M |
2021 Q1
5 quarters
|
|
64
Zscaler
ZS
$30.7B
| $51.5M | 0.29% |
+344,159
| New | +$60.9M |
2022 Q2
0 quarters
|
|
|
65
Royal Caribbean
RCL
$85.8B
| $51.2M | 0.29% |
1,467,539
+1,262,550
| +616% | +$78.5M |
2020 Q3
7 quarters
|
|
66
Microsoft
MSFT
$3.9T
| $50.4M | 0.28% |
196,141
-215,838
| -52% | -$58.6M |
2019 Q2
12 quarters
|
|
67
Vanguard Real Estate ETF
VNQ
$38.6B
| $49.1M | 0.27% |
538,946
-46,496
| -8% | -$4.63M |
2021 Q3
3 quarters
|
|
68
PUT
United States Oil Fund
USO
$1.85B
| $48.2M | 0.27% |
+600,000
| New | +$48.6M |
2022 Q2
0 quarters
|
|
69
Murphy USA
MUSA
$9.7B
| $46M | 0.26% |
197,323
+21,221
| +12% | +$5M |
2021 Q1
5 quarters
|
|
70
PayPal
PYPL
$49.1B
| $44.4M | 0.25% |
635,461
+477,563
| +302% | +$41.4M |
2019 Q2
12 quarters
|
|
|
71
PUT
Okta
OKTA
$31.1B
| $43.5M | 0.24% |
480,800
-52,800
| -10% | -$5.7M |
2020 Q4
6 quarters
|
|
72
J.M. Smucker
SJM
$14.1B
| $43.1M | 0.24% |
336,940
+304,486
| +938% | +$40.6M |
2021 Q2
4 quarters
|
|
73
Skyworks Solutions
SWKS
$20.7B
| $43.1M | 0.24% |
465,081
+346,919
| +294% | +$37.5M |
2021 Q2
4 quarters
|
|
74
Charter Communications
CHTR
$15.8B
| $42M | 0.23% |
89,628
+58,657
| +189% | +$28.6M |
2019 Q1
13 quarters
|
|
75
PUT
Moderna
MRNA
$90.3B
| $41.5M | 0.23% |
290,500
+128,100
| +79% | +$18.3M |
2021 Q1
5 quarters
|
|
Similar funds
Squarepoint's Q2 2022 Portfolio in Review
As of Q2 2022, Squarepoint held 3,640 positions worth $18B, down 23% from $23.4B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Squarepoint's Q2 2022 filing shows 900 new, 972 increased, 837 reduced and 830 closed positions. Its largest new stake was McDonald's: 266,402 shares worth $65.8M. The largest sale was Snap, an estimated $170M.
By sector, the portfolio is most concentrated in Miscellaneous at 43% of assets, down from 46% a quarter earlier, followed by Consumer Discretionary and Technology.
- Squarepoint's largest Q2 2022 buy was McDonald's: 266,402 shares worth $65.8M.
- Squarepoint added most to CSX Corp in Q2 2022, an estimated $99.5M increase.
- Squarepoint's biggest Q2 2022 reduction was Snap, cutting an estimated $170M.
- Squarepoint fully exited Invesco QQQ Trust in Q2 2022, selling an estimated $128M.
- Squarepoint's ten largest holdings make up 12% of its $18B portfolio in Q2 2022.
- Squarepoint opened 900 new positions and closed 830 in Q2 2022.
- Squarepoint's portfolio value fell 23% quarter-over-quarter to $18B.
Based on Squarepoint's 13F filing for Q2 2022, filed 15 Aug 2022.