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 | |
|---|---|---|---|---|---|---|---|
826
BWX Technologies
BWXT
$11.4B
| $503K | 0.02% |
+12,675
| New | +$493K |
2016 Q4
0 quarters
|
|
827
Expeditors International
EXPD
$25.3B
| $503K | 0.02% |
9,493
-20,912
| -69% | -$1.09M |
2015 Q3
5 quarters
|
|
828
PennyMac Financial
PFSI
$3.16B
| $502K | 0.02% |
+30,141
| New | +$513K |
2016 Q4
0 quarters
|
|
|
AAIC
829
DELISTED
Arlington Asset Investment Corp.
AAIC
| $502K | 0.02% |
+33,900
| New | +$518K |
2016 Q4
0 quarters
|
|
830
GoDaddy
GDDY
$13.6B
| $500K | 0.02% |
+14,300
| New | +$502K |
2016 Q4
0 quarters
|
|
831
Viasat
VSAT
$9.9B
| $500K | 0.02% |
+7,558
| New | +$542K |
2016 Q4
0 quarters
|
|
832
Etsy
ETSY
$7.61B
| $498K | 0.02% |
42,300
+11,149
| +36% | +$144K |
2016 Q3
1 quarter
|
|
|
XXIA
833
DELISTED
Ixia
XXIA
| $497K | 0.02% |
+30,887
| New | +$427K |
2016 Q4
0 quarters
|
|
|
QTS
834
DELISTED
QTS REALTY TRUST, INC.
QTS
| $495K | 0.02% |
+9,968
| New | +$481K |
2016 Q4
0 quarters
|
|
835
NetEase
NTES
$78.5B
| $493K | 0.02% |
+11,455
| New | +$547K |
2016 Q4
0 quarters
|
|
836
XPO
XPO
$22B
| $492K | 0.02% |
+32,965
| New | +$459K |
2016 Q4
0 quarters
|
|
837
Evolent Health
EVH
$540M
| $490K | 0.02% |
+33,087
| New | +$652K |
2016 Q4
0 quarters
|
|
838
Community Health Systems
CYH
$312M
| $489K | 0.02% |
+87,489
| New | +$607K |
2016 Q4
0 quarters
|
|
839
FIVE9
FIVN
$2.11B
| $489K | 0.02% |
+34,475
| New | +$497K |
2016 Q4
0 quarters
|
|
|
MTOR
840
DELISTED
MERITOR, Inc.
MTOR
| $489K | 0.02% |
+39,336
| New | +$463K |
2016 Q4
0 quarters
|
|
841
Palo Alto Networks
PANW
$264B
| $487K | 0.02% |
23,370
-36,084
| -61% | -$865K |
2016 Q3
1 quarter
|
|
842
Assurant
AIZ
$15.8B
| $486K | 0.02% |
+5,236
| New | +$458K |
2016 Q4
0 quarters
|
|
843
James River Group Holdings
JRVR
$145M
| $486K | 0.02% |
+11,700
| New | +$454K |
2016 Q4
0 quarters
|
|
|
YDKN
844
DELISTED
Yadkin Financial Corporation
YDKN
| $486K | 0.02% |
14,200
+5,500
| +63% | +$167K |
2016 Q3
1 quarter
|
|
|
HSKA
845
DELISTED
Heska Corp
HSKA
| $486K | 0.02% |
+6,789
| New | +$421K |
2016 Q4
0 quarters
|
|
846
Amphenol
APH
$197B
| $485K | 0.02% |
+57,704
| New | +$481K |
2016 Q4
0 quarters
|
|
847
West Pharmaceutical
WST
$28.7B
| $485K | 0.02% |
5,717
+288
| +5% | +$22.6K |
2016 Q2
2 quarters
|
|
848
Ameris Bancorp
ABCB
$5.53B
| $484K | 0.02% |
+11,100
| New | +$451K |
2016 Q4
0 quarters
|
|
849
Crown Holdings
CCK
$13B
| $484K | 0.02% |
+9,200
| New | +$497K |
2016 Q4
0 quarters
|
|
|
SYNH
850
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $483K | 0.02% |
9,188
-4,112
| -31% | -$199K |
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.