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 | |
|---|---|---|---|---|---|---|---|
|
APIC
751
DELISTED
Apigee Corporation Common Stock
APIC
| $285K | 0.02% |
+16,400
| New | +$240K |
2016 Q3
0 quarters
|
|
752
Bunge Global
BG
$19.4B
| $284K | 0.02% |
4,800
-22,664
| -83% | -$1.41M |
2016 Q2
1 quarter
|
|
|
ACHN
753
DELISTED
Achillion Pharmaceuticals
ACHN
| $284K | 0.02% |
35,000
-21,400
| -38% | -$182K |
2015 Q4
3 quarters
|
|
754
The Greenbrier Companies
GBX
$1.3B
| $283K | 0.02% |
+8,017
| New | +$262K |
2016 Q3
0 quarters
|
|
755
Vornado Realty Trust
VNO
$6.85B
| $283K | 0.02% |
+3,459
| New | +$287K |
2016 Q3
0 quarters
|
|
756
British American Tobacco
BTI
$129B
| $282K | 0.02% |
+4,420
| New | +$280K |
2016 Q3
0 quarters
|
|
757
Crane NXT
CXT
$3.43B
| $282K | 0.02% |
12,866
-3,717
| -22% | -$80.1K |
2015 Q4
3 quarters
|
|
|
LHO
758
DELISTED
LaSalle Hotel Properties
LHO
| $282K | 0.02% |
+11,834
| New | +$312K |
2016 Q3
0 quarters
|
|
759
Callaway Golf Company
CALY
$3.11B
| $281K | 0.02% |
+24,205
| New | +$270K |
2016 Q3
0 quarters
|
|
760
Ametek
AME
$54.6B
| $280K | 0.02% |
5,862
-26,903
| -82% | -$1.28M |
2015 Q4
3 quarters
|
|
761
Ventas
VTR
$47.3B
| $280K | 0.02% |
+3,960
| New | +$287K |
2016 Q3
0 quarters
|
|
762
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $280K | 0.02% |
4,500
+1,200
| +36% | +$80.5K |
2016 Q1
2 quarters
|
|
|
SCTY
763
DELISTED
SolarCity Corporation
SCTY
| $280K | 0.02% |
14,300
-49,000
| -77% | -$1.1M |
2016 Q1
2 quarters
|
|
764
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $279K | 0.02% |
+11,350
| New | +$276K |
2016 Q3
0 quarters
|
|
|
SRC
765
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $279K | 0.02% |
4,661
-2,274
| -33% | -$135K |
2015 Q4
3 quarters
|
|
|
TYPE
766
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $279K | 0.02% |
+12,606
| New | +$274K |
2016 Q3
0 quarters
|
|
767
The Kraft Heinz Company
KHC
$28.9B
| $278K | 0.02% |
+3,101
| New | +$274K |
2016 Q3
0 quarters
|
|
|
DATA
768
DELISTED
Tableau Software, Inc.
DATA
| $278K | 0.02% |
+5,035
| New | +$277K |
2016 Q3
0 quarters
|
|
|
CSC
769
DELISTED
Computer Sciences
CSC
| $278K | 0.02% |
5,321
-18,750
| -78% | -$906K |
2015 Q1
6 quarters
|
|
770
EnerSys
ENS
$5.47B
| $277K | 0.02% |
+4,010
| New | +$267K |
2016 Q3
0 quarters
|
|
771
Flex
FLEX
$28.9B
| $276K | 0.02% |
+26,938
| New | +$262K |
2016 Q3
0 quarters
|
|
772
Shenandoah Telecom
SHEN
$565M
| $275K | 0.02% |
+10,100
| New | +$324K |
2016 Q3
0 quarters
|
|
773
Cirrus Logic
CRUS
$5.9B
| $274K | 0.02% |
+5,163
| New | +$248K |
2016 Q3
0 quarters
|
|
|
KITE
774
DELISTED
Kite Pharma, Inc.
KITE
| $274K | 0.02% |
+4,900
| New | +$273K |
2016 Q3
0 quarters
|
|
775
AZZ Inc
AZZ
$3.97B
| $271K | 0.02% |
+4,147
| New | +$265K |
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.