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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$63.7M |
| 2 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$28.6M |
| 3 |
VanEck Gold Miners ETF
GDX
|
+$21.7M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$21.4M |
| 5 |
Conagra Brands
CAG
|
+$19.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$228M |
| 2 |
American International
AIG
|
+$18M |
| 3 |
EMC CORPORATION
EMC
|
+$14.6M |
| 4 |
General Dynamics
GD
|
+$14.4M |
| 5 |
PepsiCo
PEP
|
+$12.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 19.37% |
| 2 | Technology | 11.95% |
| 3 | Healthcare | 11.5% |
| 4 | Industrials | 10.87% |
| 5 | Consumer Discretionary | 10.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
726
Sprouts Farmers Market
SFM
$4.57B
| $300K | 0.02% |
+14,548
| New | +$323K |
2016 Q3
0 quarters
|
|
|
SIGM
727
DELISTED
Sigma Designs Inc
SIGM
| $299K | 0.02% |
+38,388
| New | +$278K |
2016 Q3
0 quarters
|
|
728
Stifel
SF
$10.9B
| $298K | 0.02% |
+17,411
| New | +$280K |
2016 Q3
0 quarters
|
|
729
C.H. Robinson
CHRW
$15B
| $297K | 0.02% |
4,210
-33,275
| -89% | -$2.33M |
2015 Q4
3 quarters
|
|
730
UFP Industries
UFPI
$4.51B
| $297K | 0.02% |
+9,060
| New | +$314K |
2016 Q3
0 quarters
|
|
|
TVPT
731
DELISTED
Travelport Worldwide Limited
TVPT
| $297K | 0.02% |
+19,759
| New | +$272K |
2016 Q3
0 quarters
|
|
732
Cemex
CX
$16B
| $295K | 0.02% |
+38,632
| New | +$284K |
2016 Q3
0 quarters
|
|
733
IAMGOLD
IAG
$11.2B
| $295K | 0.02% |
72,755
-218,061
| -75% | -$994K |
2016 Q2
1 quarter
|
|
734
DELISTED
Invensense Inc
INVN
| $295K | 0.02% |
+39,749
| New | +$281K |
2016 Q3
0 quarters
|
|
735
Tanger
SKT
$4.53B
| $294K | 0.02% |
+7,538
| New | +$305K |
2016 Q3
0 quarters
|
|
736
Valley National Bancorp
VLY
$7.86B
| $294K | 0.02% |
30,243
-6,600
| -18% | -$61.6K |
2016 Q2
1 quarter
|
|
737
Churchill Downs
CHDN
$6.77B
| $293K | 0.02% |
12,000
+2,400
| +25% | +$56.5K |
2016 Q2
1 quarter
|
|
738
REX American Resources
REX
$1.34B
| $293K | 0.02% |
+20,766
| New | +$253K |
2016 Q3
0 quarters
|
|
|
EXPR
739
DELISTED
Express, Inc.
EXPR
| $292K | 0.02% |
1,238
+139
| +13% | +$37.7K |
2016 Q1
2 quarters
|
|
|
SYT
740
DELISTED
Syngenta Ag
SYT
| $292K | 0.02% |
+3,336
| New | +$275K |
2016 Q3
0 quarters
|
|
|
WIN
741
DELISTED
Windstream Holdings Inc
WIN
| $291K | 0.02% |
5,800
-4,080
| -41% | -$187K |
2016 Q1
2 quarters
|
|
742
Covista Inc
CVSA
$3.79B
| $290K | 0.02% |
+12,562
| New | +$280K |
2016 Q3
0 quarters
|
|
743
Insperity
NSP
$1.88B
| $289K | 0.02% |
7,970
-8,614
| -52% | -$309K |
2016 Q1
2 quarters
|
|
744
Affiliated Managers Group
AMG
$9.9B
| $287K | 0.02% |
1,981
-426
| -18% | -$61K |
2016 Q2
1 quarter
|
|
745
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $287K | 0.02% |
+8,232
| New | +$345K |
2016 Q3
0 quarters
|
|
|
LNKD
746
DELISTED
LinkedIn Corporation
LNKD
| $287K | 0.02% |
+1,500
| New | +$288K |
2016 Q3
0 quarters
|
|
747
Four Corners Property Trust
FCPT
$2.58B
| $286K | 0.02% |
13,396
-16,435
| -55% | -$346K |
2015 Q4
3 quarters
|
|
748
Greif
GEF
$4.17B
| $286K | 0.02% |
5,762
-15,262
| -73% | -$653K |
2016 Q2
1 quarter
|
|
749
Cheesecake Factory
CAKE
$5.53B
| $285K | 0.02% |
+5,689
| New | +$290K |
2016 Q3
0 quarters
|
|
750
Rayonier Advanced Materials
RYAM
$385M
| $285K | 0.02% |
+21,343
| New | +$276K |
2016 Q3
0 quarters
|
|
Similar funds
Squarepoint's Q3 2016 Portfolio in Review
As of Q3 2016, Squarepoint held 1,524 positions worth $1.51B, down 6% from $1.6B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Squarepoint withdrew a net $125M in Q3 2016, closing 544 positions and reducing 270 holdings. Its most notable exit was EMC CORPORATION, an estimated $14.6M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 19% of assets, down from 22% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Squarepoint opened a new position in State Street SPDR S&P 500 ETF Trust worth $63.7M.
- Squarepoint's largest Q3 2016 buy was State Street SPDR S&P 500 ETF Trust: 294,609 shares worth $63.7M.
- Squarepoint added most to Bristol-Myers Squibb in Q3 2016, an estimated $21.4M increase.
- Squarepoint's biggest Q3 2016 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $228M.
- Squarepoint fully exited EMC CORPORATION in Q3 2016, selling an estimated $14.6M.
- Squarepoint's ten largest holdings make up 15% of its $1.51B portfolio in Q3 2016.
- Squarepoint opened 456 new positions and closed 544 in Q3 2016.
- Squarepoint's portfolio value fell 6% quarter-over-quarter to $1.51B.
Based on Squarepoint's 13F filing for Q3 2016, filed 15 Nov 2016.