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 | |
|---|---|---|---|---|---|---|---|
751
SS&C Technologies
SSNC
$18.6B
| $571K | 0.02% |
19,966
+11,938
| +149% | +$370K |
2016 Q3
1 quarter
|
|
|
CARB
752
DELISTED
Carbonite Inc
CARB
| $571K | 0.02% |
+34,822
| New | +$594K |
2016 Q4
0 quarters
|
|
753
DELISTED
Amber Road Inc
AMBR
| $571K | 0.02% |
+62,889
| New | +$637K |
2016 Q4
0 quarters
|
|
754
Acadian Asset Management
AAMI
$3.36B
| $568K | 0.02% |
+39,140
| New | +$555K |
2016 Q4
0 quarters
|
|
|
ICPT
755
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $565K | 0.02% |
5,200
+2,900
| +126% | +$345K |
2016 Q3
1 quarter
|
|
756
Euronet Worldwide
EEFT
$2.57B
| $563K | 0.02% |
+7,776
| New | +$601K |
2016 Q4
0 quarters
|
|
|
WBMD
757
DELISTED
WebMD Health Corp.
WBMD
| $563K | 0.02% |
+11,351
| New | +$587K |
2016 Q4
0 quarters
|
|
758
Designer Brands
DBI
$329M
| $560K | 0.02% |
24,738
+5,838
| +31% | +$132K |
2015 Q4
4 quarters
|
|
759
Octave Specialty Group
OSG
$229M
| $558K | 0.02% |
+24,800
| New | +$542K |
2016 Q4
0 quarters
|
|
760
Cracker Barrel
CBRL
$1.45B
| $558K | 0.02% |
3,341
-5,653
| -63% | -$854K |
2015 Q2
6 quarters
|
|
761
Watsco Inc
WSO
$12.7B
| $557K | 0.02% |
3,760
-960
| -20% | -$139K |
2015 Q4
4 quarters
|
|
762
Seacoast Banking Corp of Florida
SBCF
$3.24B
| $554K | 0.02% |
+25,098
| New | +$477K |
2016 Q4
0 quarters
|
|
763
Yelp
YELP
$1.1B
| $554K | 0.02% |
14,526
-683
| -4% | -$25.2K |
2016 Q2
2 quarters
|
|
764
Ultra Clean Holdings
UCTT
$2.31B
| $553K | 0.02% |
+57,058
| New | +$518K |
2016 Q4
0 quarters
|
|
765
CoStar Group
CSGP
$12.1B
| $552K | 0.02% |
+29,310
| New | +$576K |
2016 Q4
0 quarters
|
|
766
SiteOne Landscape Supply
SITE
$4.86B
| $552K | 0.02% |
+15,900
| New | +$534K |
2016 Q4
0 quarters
|
|
|
DISCK
767
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $552K | 0.02% |
20,600
-22,635
| -52% | -$597K |
2015 Q4
4 quarters
|
|
|
MGLN
768
DELISTED
Magellan Health Services, Inc.
MGLN
| $552K | 0.02% |
+7,333
| New | +$469K |
2016 Q4
0 quarters
|
|
769
Virtus Investment Partners
VRTS
$817M
| $549K | 0.02% |
+4,647
| New | +$507K |
2016 Q4
0 quarters
|
|
|
CLD
770
DELISTED
Cloud Peak Energy Inc
CLD
| $549K | 0.02% |
97,938
+81,727
| +504% | +$493K |
2015 Q4
4 quarters
|
|
771
Cirrus Logic
CRUS
$6.07B
| $546K | 0.02% |
9,657
+4,494
| +87% | +$249K |
2016 Q3
1 quarter
|
|
|
MDRX
772
DELISTED
Veradigm Inc. Common Stock
MDRX
| $545K | 0.02% |
53,366
-7,489
| -12% | -$85.4K |
2016 Q1
3 quarters
|
|
773
DELISTED
Coherent Inc
COHR
| $544K | 0.02% |
+3,958
| New | +$481K |
2016 Q4
0 quarters
|
|
774
Sabre
SABR
$767M
| $541K | 0.02% |
+21,700
| New | +$557K |
2016 Q4
0 quarters
|
|
|
NSR
775
DELISTED
Neustar Inc
NSR
| $540K | 0.02% |
16,181
+3,473
| +27% | +$92K |
2016 Q3
1 quarter
|
|
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.