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 | |
|---|---|---|---|---|---|---|---|
|
WMGI
826
DELISTED
Wright Medical Group Inc
WMGI
| $241K | 0.02% |
+9,839
| New | +$227K |
2016 Q3
0 quarters
|
|
|
CHMT
827
DELISTED
Chemtura Corporation
CHMT
| $241K | 0.02% |
+7,337
| New | +$212K |
2016 Q3
0 quarters
|
|
|
CWEI
828
DELISTED
Clayton Williams Energy, Inc.
CWEI
| $240K | 0.02% |
+2,812
| New | +$154K |
2016 Q3
0 quarters
|
|
829
Mattel
MAT
$4.45B
| $239K | 0.02% |
7,896
-17,302
| -69% | -$566K |
2016 Q1
2 quarters
|
|
|
MR
830
DELISTED
Montage Resources Corporation Common Stock
MR
| $239K | 0.02% |
+4,855
| New | +$232K |
2016 Q3
0 quarters
|
|
|
WFT
831
DELISTED
Weatherford International plc
WFT
| $239K | 0.02% |
+42,509
| New | +$242K |
2016 Q3
0 quarters
|
|
832
Progress Software
PRGS
$1.82B
| $238K | 0.02% |
8,768
+1,059
| +14% | +$30.3K |
2016 Q2
1 quarter
|
|
|
NUAN
833
DELISTED
Nuance Communications, Inc.
NUAN
| $238K | 0.02% |
+18,942
| New | +$248K |
2016 Q3
0 quarters
|
|
|
ITC
834
DELISTED
ITC HOLDINGS CORP
ITC
| $238K | 0.02% |
5,116
-12,947
| -72% | -$599K |
2015 Q4
3 quarters
|
|
835
Chatham Lodging
CLDT
$740M
| $237K | 0.02% |
+12,293
| New | +$264K |
2016 Q3
0 quarters
|
|
|
VRTU
836
DELISTED
Virtusa Corporation
VRTU
| $237K | 0.02% |
+9,603
| New | +$246K |
2016 Q3
0 quarters
|
|
837
Enanta Pharmaceuticals
ENTA
$334M
| $236K | 0.02% |
+8,885
| New | +$206K |
2016 Q3
0 quarters
|
|
838
Equity Lifestyle Properties
ELS
$12.2B
| $235K | 0.02% |
6,100
-9,694
| -61% | -$385K |
2016 Q2
1 quarter
|
|
839
Buckle
BKE
$2.26B
| $234K | 0.02% |
+9,720
| New | +$251K |
2016 Q3
0 quarters
|
|
840
BP
BP
$115B
| $234K | 0.02% |
+7,915
| New | +$230K |
2016 Q3
0 quarters
|
|
841
Kirby Corp
KEX
$6.57B
| $233K | 0.02% |
3,754
-3,753
| -50% | -$215K |
2015 Q4
3 quarters
|
|
842
EastGroup Properties
EGP
$10.7B
| $231K | 0.02% |
+3,142
| New | +$227K |
2016 Q3
0 quarters
|
|
843
DELISTED
Talen Energy Corporation
TLN
| $231K | 0.02% |
16,669
-43,382
| -72% | -$596K |
2015 Q2
5 quarters
|
|
844
Rexford Industrial Realty
REXR
$8.21B
| $230K | 0.02% |
+10,031
| New | +$222K |
2016 Q3
0 quarters
|
|
845
RenaissanceRe
RNR
$14.1B
| $230K | 0.02% |
+1,918
| New | +$226K |
2016 Q3
0 quarters
|
|
|
NXTM
846
DELISTED
NxStage Medical Inc.
NXTM
| $230K | 0.02% |
+9,194
| New | +$214K |
2016 Q3
0 quarters
|
|
847
Visteon
VC
$1.93B
| $229K | 0.02% |
3,200
-6,046
| -65% | -$423K |
2016 Q2
1 quarter
|
|
848
DELISTED
SEMGROUP CORPORATION
SEMG
| $229K | 0.02% |
6,464
-14,423
| -69% | -$459K |
2015 Q4
3 quarters
|
|
|
YDKN
849
DELISTED
Yadkin Financial Corporation
YDKN
| $229K | 0.02% |
+8,700
| New | +$224K |
2016 Q3
0 quarters
|
|
|
GRA
850
DELISTED
W.R. Grace & Co.
GRA
| $229K | 0.02% |
+3,100
| New | +$234K |
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.