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 MIDCAP 400 ETF Trust
MDY
|
+$223M |
| 2 |
CVS Health
CVS
|
+$18.9M |
| 3 |
American International
AIG
|
+$16.3M |
| 4 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$13.4M |
| 5 |
TJX Companies
TJX
|
+$12.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chubb
CB
|
+$12.6M |
| 2 |
Crown Castle
CCI
|
+$7.91M |
| 3 |
Eli Lilly
LLY
|
+$7.58M |
| 4 |
RTX Corp
RTX
|
+$7.28M |
| 5 |
Deere & Co
DE
|
+$7.24M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 22.16% |
| 2 | Consumer Discretionary | 11.77% |
| 3 | Financials | 11.5% |
| 4 | Healthcare | 9.84% |
| 5 | Technology | 9.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
TCF
851
DELISTED
TCF Financial Corporation
TCF
| $225K | 0.01% |
17,767
-20,525
| -54% | -$271K |
2015 Q4
2 quarters
|
|
852
Regions Financial
RF
$24.7B
| $224K | 0.01% |
26,337
-156,307
| -86% | -$1.42M |
2015 Q3
3 quarters
|
|
|
BDSI
853
DELISTED
BioDelivery Sciences International, Inc.
BDSI
| $224K | 0.01% |
95,000
+53,600
| +129% | +$148K |
2015 Q4
2 quarters
|
|
854
Apple Hospitality REIT
APLE
$4.41B
| $223K | 0.01% |
+11,838
| New | +$222K |
2016 Q2
0 quarters
|
|
|
PEGI
855
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $223K | 0.01% |
9,700
-9,900
| -51% | -$206K |
2016 Q1
1 quarter
|
|
856
Idexx Laboratories
IDXX
$52.9B
| $222K | 0.01% |
2,389
-1,399
| -37% | -$120K |
2016 Q1
1 quarter
|
|
857
Rush Enterprises Class A
RUSHA
$5.19B
| $222K | 0.01% |
+34,823
| New | +$206K |
2016 Q2
0 quarters
|
|
|
CCP
858
DELISTED
Care Capital Properties, Inc.
CCP
| $222K | 0.01% |
8,457
-24,780
| -75% | -$649K |
2016 Q1
1 quarter
|
|
|
STL
859
DELISTED
Sterling Bancorp
STL
| $222K | 0.01% |
14,171
-1,278
| -8% | -$20.5K |
2016 Q1
1 quarter
|
|
860
Mativ Holdings
MATV
$640M
| $221K | 0.01% |
+6,277
| New | +$212K |
2016 Q2
0 quarters
|
|
|
STMP
861
DELISTED
Stamps.com, Inc.
STMP
| $219K | 0.01% |
+2,500
| New | +$223K |
2016 Q2
0 quarters
|
|
862
Somnigroup International
SGI
$15.3B
| $218K | 0.01% |
+15,744
| New | +$232K |
2016 Q2
0 quarters
|
|
863
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $218K | 0.01% |
3,300
-1,000
| -23% | -$68.5K |
2016 Q1
1 quarter
|
|
|
BGG
864
DELISTED
Briggs & Stratton Corp.
BGG
| $218K | 0.01% |
10,298
-2,606
| -20% | -$56.3K |
2016 Q1
1 quarter
|
|
865
Chesapeake Utilities
CPK
$3.52B
| $215K | 0.01% |
+3,254
| New | +$196K |
2016 Q2
0 quarters
|
|
866
Cheniere Energy
LNG
$63.6B
| $214K | 0.01% |
5,700
-11,600
| -67% | -$408K |
2015 Q4
2 quarters
|
|
|
ISEE
867
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| $214K | 0.01% |
+4,200
| New | +$209K |
2016 Q2
0 quarters
|
|
|
SFLY
868
DELISTED
Shutterfly, Inc.
SFLY
| $214K | 0.01% |
4,600
-29,500
| -87% | -$1.38M |
2015 Q4
2 quarters
|
|
|
VA
869
DELISTED
Virgin America Inc.
VA
| $214K | 0.01% |
+3,800
| New | +$211K |
2016 Q2
0 quarters
|
|
|
AXLL
870
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $214K | 0.01% |
+6,569
| New | +$167K |
2016 Q2
0 quarters
|
|
|
CLD
871
DELISTED
Cloud Peak Energy Inc
CLD
| $213K | 0.01% |
103,200
+80,700
| +359% | +$165K |
2015 Q4
2 quarters
|
|
872
Anika Therapeutics
ANIK
$260M
| $212K | 0.01% |
+3,955
| New | +$186K |
2016 Q2
0 quarters
|
|
873
Paycom
PAYC
$12B
| $212K | 0.01% |
+4,900
| New | +$192K |
2016 Q2
0 quarters
|
|
874
Plexus
PLXS
$5.58B
| $212K | 0.01% |
+4,913
| New | +$207K |
2016 Q2
0 quarters
|
|
875
Progress Software
PRGS
$1.83B
| $212K | 0.01% |
+7,709
| New | +$198K |
2016 Q2
0 quarters
|
|
Similar funds
Squarepoint's Q2 2016 Portfolio in Review
As of Q2 2016, Squarepoint held 1,549 positions worth $1.6B, up 24% from $1.29B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Squarepoint deployed $307M of net new capital in Q2 2016, opening 435 new positions and adding to 314 existing holdings. Its largest new stake was State Street SPDR S&P MIDCAP 400 ETF Trust: 833,964 shares worth $227M.
By sector, the portfolio is most concentrated in Miscellaneous at 22% of assets, up from 2.8% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Crown Castle, an estimated $7.91M trimmed.
- Squarepoint's largest Q2 2016 buy was State Street SPDR S&P MIDCAP 400 ETF Trust: 833,964 shares worth $227M.
- Squarepoint added most to CVS Health in Q2 2016, an estimated $18.9M increase.
- Squarepoint's biggest Q2 2016 reduction was Crown Castle, cutting an estimated $7.91M.
- Squarepoint fully exited Chubb in Q2 2016, selling an estimated $12.6M.
- Squarepoint's ten largest holdings make up 23% of its $1.6B portfolio in Q2 2016.
- Squarepoint opened 435 new positions and closed 482 in Q2 2016.
- Squarepoint's portfolio value rose 24% quarter-over-quarter to $1.6B.
Based on Squarepoint's 13F filing for Q2 2016, filed 15 Aug 2016.