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 | |
|---|---|---|---|---|---|---|---|
851
BlackRock Credit Allocation Income Trust
BTZ
$874M
| $482K | 0.02% |
+37,200
| New | +$472K |
2016 Q4
0 quarters
|
|
852
DELISTED
Kineta, Inc. Common Stock
KA
| $482K | 0.02% |
+281
| New | +$459K |
2016 Q4
0 quarters
|
|
853
Mechanics Bancorp
MCHB
$3.18B
| $479K | 0.02% |
+15,151
| New | +$434K |
2016 Q4
0 quarters
|
|
|
NEWR
854
DELISTED
New Relic, Inc.
NEWR
| $479K | 0.02% |
+16,954
| New | +$559K |
2016 Q4
0 quarters
|
|
|
EQY
855
DELISTED
Equity One
EQY
| $479K | 0.02% |
15,592
+4,407
| +39% | +$129K |
2016 Q1
3 quarters
|
|
856
Heron Therapeutics
HRTX
$62M
| $478K | 0.02% |
36,467
+22,367
| +159% | +$351K |
2015 Q4
4 quarters
|
|
857
Regeneron Pharmaceuticals
REGN
$98.4B
| $478K | 0.02% |
1,302
-3,379
| -72% | -$1.28M |
2016 Q3
1 quarter
|
|
858
Kimco Realty
KIM
$16.9B
| $477K | 0.02% |
18,966
-8,413
| -31% | -$222K |
2015 Q4
4 quarters
|
|
859
Ross Stores
ROST
$75.8B
| $477K | 0.02% |
+7,274
| New | +$476K |
2016 Q4
0 quarters
|
|
860
Zions Bancorporation
ZION
$9.6B
| $477K | 0.02% |
+11,072
| New | +$408K |
2016 Q4
0 quarters
|
|
|
XLRN
861
DELISTED
Acceleron Pharma
XLRN
| $476K | 0.02% |
+18,652
| New | +$591K |
2016 Q4
0 quarters
|
|
862
Diamondback Energy
FANG
$50.9B
| $475K | 0.02% |
4,700
-2,200
| -32% | -$220K |
2016 Q1
3 quarters
|
|
|
NSTG
863
DELISTED
NanoString Technologies, Inc.
NSTG
| $475K | 0.02% |
+21,316
| New | +$457K |
2016 Q4
0 quarters
|
|
864
BlackRock Taxable Municipal Bond Trust
BBN
$885M
| $473K | 0.02% |
+21,900
| New | +$485K |
2016 Q4
0 quarters
|
|
865
Safety Insurance
SAFT
$1.53B
| $473K | 0.02% |
+6,417
| New | +$449K |
2016 Q4
0 quarters
|
|
866
NCR Voyix
VYX
$1.35B
| $473K | 0.02% |
18,996
-35,400
| -65% | -$795K |
2015 Q3
5 quarters
|
|
867
Penske Automotive Group
PAG
$14B
| $472K | 0.02% |
+9,100
| New | +$444K |
2016 Q4
0 quarters
|
|
868
AdvanSix
ASIX
$425M
| $471K | 0.02% |
+21,294
| New | +$383K |
2016 Q4
0 quarters
|
|
869
Choice Hotels
CHH
$5.26B
| $471K | 0.02% |
+8,400
| New | +$421K |
2016 Q4
0 quarters
|
|
870
DoubleLine Opportunistic Credit Fund
DBL
$261M
| $470K | 0.02% |
+20,350
| New | +$484K |
2016 Q4
0 quarters
|
|
871
Nuveen Municipal High Income Opportunity Fund
NMZ
$1.9B
| $470K | 0.02% |
+36,700
| New | +$485K |
2016 Q4
0 quarters
|
|
872
DELISTED
California Resources Corporation
CRC
| $470K | 0.02% |
+22,085
| New | +$324K |
2016 Q4
0 quarters
|
|
|
CRZO
873
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $468K | 0.02% |
12,535
-7,972
| -39% | -$308K |
2016 Q3
1 quarter
|
|
874
DELISTED
American Equity Investment Life Holding Company
AEL
| $467K | 0.02% |
+20,702
| New | +$414K |
2016 Q4
0 quarters
|
|
875
Capital One
COF
$116B
| $466K | 0.02% |
+5,341
| New | +$431K |
2016 Q4
0 quarters
|
|
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.