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 | |
|---|---|---|---|---|---|---|---|
851
Qualys
QLYS
$7B
| $228K | 0.02% |
+5,978
| New | +$200K |
2016 Q3
0 quarters
|
|
852
Restaurant Brands International
QSR
$27B
| $228K | 0.02% |
+5,113
| New | +$232K |
2016 Q3
0 quarters
|
|
853
Sun Communities
SUI
$14.4B
| $228K | 0.02% |
2,900
-36,421
| -93% | -$2.82M |
2016 Q1
2 quarters
|
|
854
DELISTED
TrueCar
TRUE
| $228K | 0.02% |
+24,100
| New | +$226K |
2016 Q3
0 quarters
|
|
855
Sanmina
SANM
$8.02B
| $227K | 0.02% |
7,959
-22,603
| -74% | -$612K |
2016 Q1
2 quarters
|
|
856
U-Haul Holding Co
UHAL
$11B
| $227K | 0.02% |
7,000
-9,130
| -57% | -$326K |
2015 Q4
3 quarters
|
|
857
Glaukos
GKOS
$14.1B
| $226K | 0.02% |
+6,000
| New | +$199K |
2016 Q3
0 quarters
|
|
858
The Marzetti Company
MZTI
$2.97B
| $226K | 0.02% |
1,714
-701
| -29% | -$91.5K |
2016 Q2
1 quarter
|
|
859
iShares MSCI Singapore ETF
EWS
$1.04B
| $225K | 0.01% |
+10,361
| New | +$225K |
2016 Q3
0 quarters
|
|
860
Interface
TILE
$1.85B
| $224K | 0.01% |
+13,427
| New | +$224K |
2016 Q3
0 quarters
|
|
861
Agnico Eagle Mines
AEM
$102B
| $223K | 0.01% |
+4,118
| New | +$227K |
2016 Q3
0 quarters
|
|
862
Jacobs Solutions
J
$18.3B
| $221K | 0.01% |
+5,174
| New | +$224K |
2016 Q3
0 quarters
|
|
863
MillerKnoll
MLKN
$1.54B
| $221K | 0.01% |
7,723
-973
| -11% | -$32.1K |
2016 Q1
2 quarters
|
|
|
TSRO
864
DELISTED
TESARO, Inc.
TSRO
| $221K | 0.01% |
+2,200
| New | +$206K |
2016 Q3
0 quarters
|
|
865
DELISTED
BioTelemetry, Inc.
BEAT
| $221K | 0.01% |
+11,899
| New | +$224K |
2016 Q3
0 quarters
|
|
866
MasTec
MTZ
$15.2B
| $220K | 0.01% |
+7,400
| New | +$203K |
2016 Q3
0 quarters
|
|
|
IMPV
867
DELISTED
Imperva, Inc.
IMPV
| $220K | 0.01% |
+4,101
| New | +$190K |
2016 Q3
0 quarters
|
|
868
Black Hills Corp
BKH
$6.61B
| $219K | 0.01% |
+3,576
| New | +$218K |
2016 Q3
0 quarters
|
|
869
WPP
WPP
$5.99B
| $218K | 0.01% |
+1,848
| New | +$211K |
2016 Q3
0 quarters
|
|
870
Hilton Worldwide Holdings Inc. Common Stock
HLT
$83B
| $217K | 0.01% |
+3,153
| New | +$222K |
2016 Q3
0 quarters
|
|
871
SunCoke Energy
SXC
$867M
| $215K | 0.01% |
26,861
+2,400
| +10% | +$16.8K |
2015 Q4
3 quarters
|
|
872
Zillow
Z
$6.92B
| $215K | 0.01% |
+6,200
| New | +$222K |
2016 Q3
0 quarters
|
|
873
UGI
UGI
$8.04B
| $214K | 0.01% |
4,730
-16,910
| -78% | -$772K |
2015 Q4
3 quarters
|
|
874
Ares Commercial Real Estate
ACRE
$204M
| $213K | 0.01% |
+16,940
| New | +$213K |
2016 Q3
0 quarters
|
|
|
FRAN
875
DELISTED
Francesca's Holdings Corporation
FRAN
| $213K | 0.01% |
1,151
-2,653
| -70% | -$434K |
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.