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 | |
|---|---|---|---|---|---|---|---|
|
HMHC
801
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $786K | 0.02% |
63,862
+17,973
| +39% | +$220K |
2015 Q4
6 quarters
|
|
802
DXP Enterprises
DXPE
$2.18B
| $780K | 0.02% |
22,619
+14,492
| +178% | +$526K |
2016 Q4
2 quarters
|
|
803
Clean Harbors
CLH
$15B
| $777K | 0.02% |
+13,911
| New | +$800K |
2017 Q2
0 quarters
|
|
804
John B. Sanfilippo & Son
JBSS
$643M
| $776K | 0.02% |
+12,297
| New | +$820K |
2017 Q2
0 quarters
|
|
805
Liberty Media Corporation Series C Common Stock
FWONK
$27.1B
| $773K | 0.02% |
+21,830
| New | +$725K |
2017 Q2
0 quarters
|
|
806
M&T Bank
MTB
$31.3B
| $761K | 0.02% |
4,700
-10,133
| -68% | -$1.6M |
2017 Q1
1 quarter
|
|
807
REX American Resources
REX
$1.31B
| $760K | 0.02% |
+47,214
| New | +$749K |
2017 Q2
0 quarters
|
|
808
Viavi Solutions
VIAV
$7B
| $760K | 0.02% |
72,145
+37,217
| +107% | +$401K |
2016 Q4
2 quarters
|
|
809
Acadian Asset Management
AAMI
$3.21B
| $759K | 0.01% |
51,100
+38,500
| +306% | +$570K |
2016 Q4
2 quarters
|
|
810
Martin Marietta Materials
MLM
$36.9B
| $751K | 0.01% |
3,374
-9,132
| -73% | -$2.07M |
2017 Q1
1 quarter
|
|
811
Loews
L
$22.2B
| $749K | 0.01% |
15,995
+2,912
| +22% | +$136K |
2017 Q1
1 quarter
|
|
812
Wendy's
WEN
$1.56B
| $749K | 0.01% |
48,265
-2,007
| -4% | -$30.4K |
2016 Q3
3 quarters
|
|
813
PBF Energy
PBF
$7.97B
| $746K | 0.01% |
33,534
-30,366
| -48% | -$652K |
2016 Q4
2 quarters
|
|
814
Maximus
MMS
$3.43B
| $742K | 0.01% |
11,846
+7,401
| +167% | +$459K |
2017 Q1
1 quarter
|
|
815
Golar LNG
GLNG
$4.4B
| $741K | 0.01% |
33,304
-12,228
| -27% | -$307K |
2016 Q2
4 quarters
|
|
|
LHCG
816
DELISTED
LHC Group LLC
LHCG
| $738K | 0.01% |
+10,864
| New | +$649K |
2017 Q2
0 quarters
|
|
|
AET
817
DELISTED
Aetna Inc
AET
| $738K | 0.01% |
+4,861
| New | +$687K |
2017 Q2
0 quarters
|
|
818
U-Haul Holding Co
UHAL
$11B
| $733K | 0.01% |
20,020
+13,020
| +186% | +$472K |
2017 Q1
1 quarter
|
|
819
John Wiley & Sons Class A
WLY
$2.55B
| $729K | 0.01% |
13,819
+1,313
| +10% | +$68.7K |
2017 Q1
1 quarter
|
|
820
Mercury Insurance
MCY
$4.58B
| $724K | 0.01% |
+13,404
| New | +$760K |
2017 Q2
0 quarters
|
|
821
The GEO Group
GEO
$3.66B
| $719K | 0.01% |
+24,320
| New | +$764K |
2017 Q2
0 quarters
|
|
|
822
Medtronic
MDT
$130B
| $718K | 0.01% |
8,086
-263,548
| -97% | -$22.2M |
2016 Q4
2 quarters
|
|
823
MACOM Technology Solutions
MTSI
$16.1B
| $718K | 0.01% |
12,872
+7,445
| +137% | +$402K |
2017 Q1
1 quarter
|
|
824
ITT
ITT
$18.3B
| $717K | 0.01% |
+17,853
| New | +$712K |
2017 Q2
0 quarters
|
|
825
Entegris
ENTG
$19.6B
| $714K | 0.01% |
32,528
+13,813
| +74% | +$333K |
2016 Q4
2 quarters
|
|
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.