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 | |
|---|---|---|---|---|---|---|---|
876
Toro Company
TTC
$10.2B
| $212K | 0.01% |
+4,518
| New | +$211K |
2016 Q3
0 quarters
|
|
|
LOCK
877
DELISTED
LifeLock, Inc.
LOCK
| $212K | 0.01% |
+12,500
| New | +$206K |
2016 Q3
0 quarters
|
|
878
Devon Energy
DVN
$46.6B
| $210K | 0.01% |
+4,757
| New | +$193K |
2016 Q3
0 quarters
|
|
879
Pebblebrook Hotel Trust
PEB
$2.43B
| $210K | 0.01% |
+7,900
| New | +$227K |
2016 Q3
0 quarters
|
|
880
Silicom
SILC
$173M
| $210K | 0.01% |
+5,068
| New | +$188K |
2016 Q3
0 quarters
|
|
881
Manitowoc
MTW
$880M
| $209K | 0.01% |
10,900
-1,025
| -9% | -$20.7K |
2016 Q1
2 quarters
|
|
882
Arthur J. Gallagher & Co
AJG
$72B
| $208K | 0.01% |
4,094
-27,707
| -87% | -$1.37M |
2015 Q4
3 quarters
|
|
883
Nordson
NDSN
$18B
| $208K | 0.01% |
+2,085
| New | +$193K |
2016 Q3
0 quarters
|
|
884
ePlus
PLUS
$2.46B
| $208K | 0.01% |
+8,800
| New | +$192K |
2016 Q3
0 quarters
|
|
885
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $207K | 0.01% |
+8,213
| New | +$212K |
2016 Q3
0 quarters
|
|
886
DELISTED
Education Realty Trust Inc
EDR
| $206K | 0.01% |
4,774
-7,852
| -62% | -$359K |
2016 Q2
1 quarter
|
|
|
ABCO
887
DELISTED
Advisory Board Co
ABCO
| $204K | 0.01% |
+4,563
| New | +$188K |
2016 Q3
0 quarters
|
|
|
LVNTA
888
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $203K | 0.01% |
5,100
-3,200
| -39% | -$125K |
2016 Q1
2 quarters
|
|
889
John Wiley & Sons Class A
WLY
$2.56B
| $202K | 0.01% |
+3,919
| New | +$215K |
2016 Q3
0 quarters
|
|
890
Mueller Water Products
MWA
$3.8B
| $201K | 0.01% |
16,000
+2,700
| +20% | +$32.3K |
2016 Q2
1 quarter
|
|
|
CHL
891
DELISTED
China Mobile Limited
CHL
| $201K | 0.01% |
+3,274
| New | +$201K |
2016 Q3
0 quarters
|
|
892
Griffon
GFF
$4.84B
| $200K | 0.01% |
+11,769
| New | +$201K |
2016 Q3
0 quarters
|
|
893
DELISTED
Light & Wonder
LNW
| $200K | 0.01% |
17,709
-300
| -2% | -$2.94K |
2015 Q4
3 quarters
|
|
894
Ollie's Bargain Outlet
OLLI
$5.63B
| $200K | 0.01% |
+7,621
| New | +$199K |
2016 Q3
0 quarters
|
|
895
Kulicke & Soffa
KLIC
$3.61B
| $199K | 0.01% |
15,398
| – | – |
2015 Q4
3 quarters
|
|
896
DELISTED
Carrols Restaurant Group, Inc.
TAST
| $198K | 0.01% |
+15,015
| New | +$194K |
2016 Q3
0 quarters
|
|
897
Banc of California
BANC
$2.87B
| $196K | 0.01% |
11,203
-14,500
| -56% | -$301K |
2016 Q2
1 quarter
|
|
898
Lexicon Pharmaceuticals
LXRX
$810M
| $195K | 0.01% |
+10,800
| New | +$174K |
2016 Q3
0 quarters
|
|
|
OCLR
899
DELISTED
Oclaro Inc.
OCLR
| $192K | 0.01% |
22,500
-98,700
| -81% | -$686K |
2015 Q4
3 quarters
|
|
900
DELISTED
Time Inc.
TIME
| $192K | 0.01% |
+13,272
| New | +$200K |
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.