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 MSCI Taiwan ETF
EWT
|
+$89.9M |
| 2 |
VanEck Gold Miners ETF
GDX
|
+$71.9M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$69M |
| 4 |
iShares China Large-Cap ETF
FXI
|
+$66M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$58.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$33M |
| 2 |
Altria Group
MO
|
+$32.4M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
+$26.5M |
| 4 |
CVS Health
CVS
|
+$24.7M |
| 5 |
Medtronic
MDT
|
+$22.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 17.23% |
| 2 | Technology | 14.6% |
| 3 | Healthcare | 11.36% |
| 4 | Industrials | 11.26% |
| 5 | Consumer Discretionary | 10.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
776
DELISTED
Treehouse Foods
THS
| $840K | 0.02% |
+10,282
| New | +$841K |
2017 Q2
0 quarters
|
|
777
Viatris
VTRS
$22.8B
| $839K | 0.02% |
21,614
-101,836
| -82% | -$3.91M |
2017 Q1
1 quarter
|
|
778
Essent Group
ESNT
$5.7B
| $836K | 0.02% |
22,497
+8,781
| +64% | +$322K |
2016 Q3
3 quarters
|
|
779
Hanover Insurance
THG
$8.35B
| $835K | 0.02% |
+9,424
| New | +$810K |
2017 Q2
0 quarters
|
|
780
Shopify
SHOP
$192B
| $834K | 0.02% |
96,000
+42,480
| +79% | +$359K |
2017 Q1
1 quarter
|
|
781
Zebra Technologies
ZBRA
$15.2B
| $825K | 0.02% |
+8,208
| New | +$813K |
2017 Q2
0 quarters
|
|
782
Highwoods Properties
HIW
$3.47B
| $824K | 0.02% |
16,241
+2,738
| +20% | +$140K |
2016 Q2
4 quarters
|
|
783
Coty
COTY
$3.57B
| $822K | 0.02% |
43,811
-29,210
| -40% | -$541K |
2016 Q4
2 quarters
|
|
784
eHealth
EHTH
$15.3M
| $822K | 0.02% |
+43,726
| New | +$698K |
2017 Q2
0 quarters
|
|
785
Outfront Media
OUT
$5.43B
| $818K | 0.02% |
35,954
+6,897
| +24% | +$164K |
2017 Q1
1 quarter
|
|
786
iShares MSCI France ETF
EWQ
$352M
| $813K | 0.02% |
+28,267
| New | +$803K |
2017 Q2
0 quarters
|
|
787
Federated Hermes
FHI
$4.73B
| $809K | 0.02% |
28,637
-8,937
| -24% | -$239K |
2016 Q4
2 quarters
|
|
|
JUNO
788
DELISTED
Juno Therapeutics, Inc.
JUNO
| $804K | 0.02% |
+26,905
| New | +$664K |
2017 Q2
0 quarters
|
|
789
Weibo
WB
$1.6B
| $803K | 0.02% |
+12,075
| New | +$784K |
2017 Q2
0 quarters
|
|
790
PennyMac Mortgage Investment
PMT
$685M
| $800K | 0.02% |
+43,763
| New | +$779K |
2017 Q2
0 quarters
|
|
|
WEB
791
DELISTED
Web.com Group, Inc.
WEB
| $799K | 0.02% |
+31,581
| New | +$668K |
2017 Q2
0 quarters
|
|
|
BIVV
792
DELISTED
Bioverativ Inc. Common Stock
BIVV
| $797K | 0.02% |
13,245
-74,432
| -85% | -$4.24M |
2017 Q1
1 quarter
|
|
793
SBA Communications
SBAC
$19.8B
| $796K | 0.02% |
5,902
-33,443
| -85% | -$4.35M |
2016 Q3
3 quarters
|
|
794
Agree Realty
ADC
$9.09B
| $795K | 0.02% |
+17,329
| New | +$823K |
2017 Q2
0 quarters
|
|
795
Korn Ferry
KFY
$4.22B
| $793K | 0.02% |
+22,969
| New | +$746K |
2017 Q2
0 quarters
|
|
796
Assured Guaranty
AGO
$3.23B
| $792K | 0.02% |
18,977
-12,548
| -40% | -$495K |
2016 Q4
2 quarters
|
|
797
DELISTED
GMS Inc
GMS
| $792K | 0.02% |
+28,187
| New | +$946K |
2017 Q2
0 quarters
|
|
|
SINA
798
DELISTED
Sina Corp
SINA
| $790K | 0.02% |
9,300
+5,500
| +145% | +$463K |
2017 Q1
1 quarter
|
|
799
Diversified Healthcare Trust
DHC
$1.7B
| $789K | 0.02% |
38,619
-12,061
| -24% | -$257K |
2017 Q1
1 quarter
|
|
800
Benchmark Electronics
BHE
$2.16B
| $788K | 0.02% |
24,384
+15,702
| +181% | +$505K |
2017 Q1
1 quarter
|
|
Similar funds
Squarepoint's Q2 2017 Portfolio in Review
As of Q2 2017, Squarepoint held 2,064 positions worth $5.08B, up 40% from $3.63B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Squarepoint deployed $1.39B of net new capital in Q2 2017, opening 586 new positions and adding to 519 existing holdings. Its largest new stake was iShares MSCI Taiwan ETF: 2,618,387 shares worth $93.6M.
By sector, the portfolio is most concentrated in Miscellaneous at 17% of assets, up from 15% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, an estimated $33M trimmed.
- Squarepoint's largest Q2 2017 buy was iShares MSCI Taiwan ETF: 2,618,387 shares worth $93.6M.
- Squarepoint added most to VanEck Gold Miners ETF in Q2 2017, an estimated $71.9M increase.
- Squarepoint's biggest Q2 2017 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $33M.
- Squarepoint fully exited iShares MSCI EAFE ETF in Q2 2017, selling an estimated $26.5M.
- Squarepoint's ten largest holdings make up 16% of its $5.08B portfolio in Q2 2017.
- Squarepoint opened 586 new positions and closed 568 in Q2 2017.
- Squarepoint's portfolio value rose 40% quarter-over-quarter to $5.08B.
Based on Squarepoint's 13F filing for Q2 2017, filed 14 Aug 2017.