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 China Large-Cap ETF
FXI
|
+$40.5M |
| 2 |
S&P Global
SPGI
|
+$30.2M |
| 3 |
Medtronic
MDT
|
+$25.3M |
| 4 |
iShares MSCI Japan ETF
EWJ
|
+$23.2M |
| 5 |
Northrop Grumman
NOC
|
+$20.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$63.7M |
| 2 |
Conagra Brands
CAG
|
+$20.3M |
| 3 |
VanEck Gold Miners ETF
GDX
|
+$20M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$18.2M |
| 5 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$15.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 13.74% |
| 2 | Healthcare | 12.91% |
| 3 | Technology | 11.18% |
| 4 | Consumer Discretionary | 11.04% |
| 5 | Industrials | 10.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
726
Universal Display
OLED
$4.05B
| $603K | 0.02% |
+10,714
| New | +$589K |
2016 Q4
0 quarters
|
|
|
VR
727
DELISTED
Validus Hold Ltd
VR
| $602K | 0.02% |
10,952
-6,570
| -37% | -$347K |
2015 Q4
4 quarters
|
|
728
DELISTED
Carrols Restaurant Group, Inc.
TAST
| $601K | 0.02% |
39,418
+24,403
| +163% | +$322K |
2016 Q3
1 quarter
|
|
729
Artisan Partners
APAM
$2.71B
| $598K | 0.02% |
+20,100
| New | +$573K |
2016 Q4
0 quarters
|
|
730
PNC Financial Services
PNC
$91.8B
| $596K | 0.02% |
+5,094
| New | +$530K |
2016 Q4
0 quarters
|
|
731
Antero Resources
AR
$11.9B
| $595K | 0.02% |
+25,174
| New | +$646K |
2016 Q4
0 quarters
|
|
|
RPAI
732
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $595K | 0.02% |
+38,800
| New | +$597K |
2016 Q4
0 quarters
|
|
|
EGN
733
DELISTED
Energen
EGN
| $595K | 0.02% |
+10,319
| New | +$588K |
2016 Q4
0 quarters
|
|
|
WRI
734
DELISTED
Weingarten Realty Investors
WRI
| $594K | 0.02% |
16,589
+1,844
| +13% | +$66.2K |
2016 Q3
1 quarter
|
|
735
Vanda Pharmaceuticals
VNDA
$239M
| $593K | 0.02% |
+37,200
| New | +$598K |
2016 Q4
0 quarters
|
|
736
Flagstar Bank National Association
FLG
$4.12B
| $593K | 0.02% |
+12,424
| New | +$568K |
2016 Q4
0 quarters
|
|
737
8x8 Inc
EGHT
$340M
| $592K | 0.02% |
41,366
-11,158
| -21% | -$162K |
2016 Q3
1 quarter
|
|
738
DELISTED
Valspar
VAL
| $590K | 0.02% |
+5,692
| New | +$587K |
2016 Q4
0 quarters
|
|
739
Xcel Energy
XEL
$52.3B
| $587K | 0.02% |
14,432
-21,016
| -59% | -$840K |
2016 Q3
1 quarter
|
|
740
Seritage Growth Properties
SRG
$86.7M
| $586K | 0.02% |
+13,720
| New | +$639K |
2016 Q4
0 quarters
|
|
741
Enova International
ENVA
$4.09B
| $585K | 0.02% |
+46,614
| New | +$503K |
2016 Q4
0 quarters
|
|
|
DNR
742
DELISTED
Denbury Resources, Inc.
DNR
| $585K | 0.02% |
158,879
-8,681
| -5% | -$27.9K |
2015 Q2
6 quarters
|
|
743
Summit Hotel Properties
INN
$780M
| $583K | 0.02% |
36,400
+23,080
| +173% | +$323K |
2016 Q2
2 quarters
|
|
|
GSS
744
DELISTED
Golden Star Resources Ltd.
GSS
| $581K | 0.02% |
+154,957
| New | +$613K |
2016 Q4
0 quarters
|
|
745
Genesco
GCO
$387M
| $580K | 0.02% |
+9,334
| New | +$570K |
2016 Q4
0 quarters
|
|
746
Stratasys
SSYS
$512M
| $579K | 0.02% |
+35,008
| New | +$686K |
2016 Q4
0 quarters
|
|
|
GHL
747
DELISTED
Greenhill & Co., Inc.
GHL
| $579K | 0.02% |
+20,909
| New | +$539K |
2016 Q4
0 quarters
|
|
748
VeriSign
VRSN
$28B
| $574K | 0.02% |
+7,550
| New | +$597K |
2016 Q4
0 quarters
|
|
|
RESI
749
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $574K | 0.02% |
51,993
+24,298
| +88% | +$268K |
2016 Q3
1 quarter
|
|
750
Energous
WATT
$48.3M
| $572K | 0.02% |
+57
| New | +$545K |
2016 Q4
0 quarters
|
|
Similar funds
Squarepoint's Q4 2016 Portfolio in Review
As of Q4 2016, Squarepoint held 2,060 positions worth $2.44B, up 62% from $1.51B the previous quarter. Its ten largest holdings account for 9.6% of the portfolio.
Squarepoint deployed $913M of net new capital in Q4 2016, opening 1,079 new positions and adding to 424 existing holdings. Its largest new stake was S&P Global: 252,484 shares worth $27.2M.
By sector, the portfolio is most concentrated in Miscellaneous at 14% of assets, down from 19% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was Conagra Brands, an estimated $20.3M trimmed.
- Squarepoint's largest Q4 2016 buy was S&P Global: 252,484 shares worth $27.2M.
- Squarepoint added most to iShares China Large-Cap ETF in Q4 2016, an estimated $40.5M increase.
- Squarepoint's biggest Q4 2016 reduction was Conagra Brands, cutting an estimated $20.3M.
- Squarepoint fully exited State Street SPDR S&P 500 ETF Trust in Q4 2016, selling an estimated $63.7M.
- Squarepoint's ten largest holdings make up 9.6% of its $2.44B portfolio in Q4 2016.
- Squarepoint opened 1,079 new positions and closed 329 in Q4 2016.
- Squarepoint's portfolio value rose 62% quarter-over-quarter to $2.44B.
Based on Squarepoint's 13F filing for Q4 2016, filed 14 Feb 2017.