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 | |
|---|---|---|---|---|---|---|---|
801
AutoNation
AN
$5.95B
| $255K | 0.02% |
5,243
-6,811
| -57% | -$335K |
2015 Q4
3 quarters
|
|
802
Forum Energy Technologies
FET
$818M
| $255K | 0.02% |
+642
| New | +$221K |
2016 Q3
0 quarters
|
|
803
Ally Financial
ALLY
$11.6B
| $254K | 0.02% |
+13,052
| New | +$243K |
2016 Q3
0 quarters
|
|
|
CATM
804
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $253K | 0.02% |
5,678
-2,401
| -30% | -$106K |
2016 Q2
1 quarter
|
|
805
Huntsman Corp
HUN
$1.67B
| $252K | 0.02% |
+15,500
| New | +$246K |
2016 Q3
0 quarters
|
|
|
CLVS
806
DELISTED
Clovis Oncology, Inc.
CLVS
| $252K | 0.02% |
+7,000
| New | +$150K |
2016 Q3
0 quarters
|
|
|
CONE
807
DELISTED
CyrusOne Inc Common Stock
CONE
| $252K | 0.02% |
5,300
-71,562
| -93% | -$3.7M |
2016 Q1
2 quarters
|
|
808
Amkor Technology
AMKR
$8.67B
| $251K | 0.02% |
+25,831
| New | +$207K |
2016 Q3
0 quarters
|
|
809
United Community Banks
UCB
$4.48B
| $251K | 0.02% |
11,958
-8,200
| -41% | -$163K |
2016 Q2
1 quarter
|
|
|
LTXB
810
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $250K | 0.02% |
+7,893
| New | +$234K |
2016 Q3
0 quarters
|
|
|
VVC
811
DELISTED
Vectren Corporation
VVC
| $250K | 0.02% |
+4,988
| New | +$253K |
2016 Q3
0 quarters
|
|
812
Oxford Industries
OXM
$456M
| $249K | 0.02% |
+3,677
| New | +$230K |
2016 Q3
0 quarters
|
|
813
AngloGold Ashanti
AU
$50.3B
| $248K | 0.02% |
+15,572
| New | +$296K |
2016 Q3
0 quarters
|
|
814
Puma Biotechnology
PBYI
$433M
| $248K | 0.02% |
+3,704
| New | +$187K |
2016 Q3
0 quarters
|
|
815
Bright Horizons
BFAM
$2.49B
| $247K | 0.02% |
3,700
-300
| -8% | -$20.2K |
2016 Q1
2 quarters
|
|
816
Flowers Foods
FLO
$1.36B
| $246K | 0.02% |
16,242
-38,798
| -70% | -$643K |
2015 Q4
3 quarters
|
|
817
Ubiquiti
UI
$41.5B
| $246K | 0.02% |
4,600
-3,000
| -39% | -$144K |
2016 Q2
1 quarter
|
|
818
Hudson Pacific Properties
HPP
$511M
| $245K | 0.02% |
1,063
-2,799
| -72% | -$638K |
2015 Q4
3 quarters
|
|
819
Innoviva
INVA
$1.35B
| $244K | 0.02% |
22,200
+11,900
| +116% | +$139K |
2016 Q1
2 quarters
|
|
820
DELISTED
CyberArk
CYBR
| $243K | 0.02% |
4,900
-2,900
| -37% | -$154K |
2016 Q2
1 quarter
|
|
821
Heron Therapeutics
HRTX
$70.4M
| $243K | 0.02% |
14,100
+2,600
| +23% | +$48.2K |
2015 Q4
3 quarters
|
|
822
Bank of America
BAC
$349B
| $242K | 0.02% |
15,483
-95,697
| -86% | -$1.43M |
2016 Q2
1 quarter
|
|
823
Fortive
FTV
$20B
| $241K | 0.02% |
+7,513
| New | +$241K |
2016 Q3
0 quarters
|
|
824
Saic
SAIC
$6.32B
| $241K | 0.02% |
3,472
-2,091
| -38% | -$132K |
2015 Q4
3 quarters
|
|
825
Wolverine World Wide
WWW
$1.8B
| $241K | 0.02% |
10,469
-3,650
| -26% | -$84.9K |
2016 Q1
2 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.