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 | |
|---|---|---|---|---|---|---|---|
901
Rithm Capital
RITM
$5.28B
| $196K | 0.01% |
14,134
-12,366
| -47% | -$159K |
2015 Q3
3 quarters
|
|
902
TFS Financial
TFSL
$4.58B
| $193K | 0.01% |
+11,201
| New | +$200K |
2016 Q2
0 quarters
|
|
903
DELISTED
Civitas Resources
CIVI
| $191K | 0.01% |
850
+304
| +56% | +$91K |
2015 Q4
2 quarters
|
|
|
QLGC
904
DELISTED
QLOGIC CORP
QLGC
| $189K | 0.01% |
+12,813
| New | +$174K |
2016 Q2
0 quarters
|
|
905
Nektar Therapeutics
NKTR
$1.26B
| $188K | 0.01% |
880
-3,164
| -78% | -$707K |
2016 Q1
1 quarter
|
|
906
Kulicke & Soffa
KLIC
$3.73B
| $187K | 0.01% |
15,398
| – | – |
2015 Q4
2 quarters
|
|
907
Old National Bancorp
ONB
$9.49B
| $187K | 0.01% |
14,960
+1,530
| +11% | +$19.4K |
2016 Q1
1 quarter
|
|
908
Kearny Financial
KRNY
$591M
| $186K | 0.01% |
14,800
+1,400
| +10% | +$18K |
2016 Q1
1 quarter
|
|
909
Tidewater
TDW
$3.93B
| $186K | 0.01% |
1,306
-39
| -3% | -$7.98K |
2015 Q4
2 quarters
|
|
910
DELISTED
California Resources Corporation
CRC
| $186K | 0.01% |
15,234
-52,441
| -77% | -$834K |
2015 Q4
2 quarters
|
|
911
Archrock
AROC
$5.56B
| $183K | 0.01% |
19,419
-2,900
| -13% | -$22.9K |
2016 Q1
1 quarter
|
|
912
PennyMac Mortgage Investment
PMT
$700M
| $183K | 0.01% |
11,265
-735
| -6% | -$10.8K |
2015 Q3
3 quarters
|
|
913
Barclays
BCS
$75.2B
| $181K | 0.01% |
25,392
+13,976
| +122% | +$126K |
2016 Q1
1 quarter
|
|
914
Entegris
ENTG
$23.2B
| $179K | 0.01% |
+12,383
| New | +$170K |
2016 Q2
0 quarters
|
|
|
BAS
915
DELISTED
Basis Energy Services, Inc.
BAS
| $178K | 0.01% |
185
+107
| +137% | +$138K |
2015 Q4
2 quarters
|
|
|
GNCA
916
DELISTED
Genocea Biosciences, Inc.
GNCA
| $176K | 0.01% |
+5,363
| New | +$197K |
2016 Q2
0 quarters
|
|
|
ISIL
917
DELISTED
Intersil Corp
ISIL
| $174K | 0.01% |
12,870
-18,140
| -58% | -$236K |
2016 Q1
1 quarter
|
|
918
Exelixis
EXEL
$17.1B
| $172K | 0.01% |
22,000
-32,513
| -60% | -$187K |
2015 Q4
2 quarters
|
|
919
DELISTED
Conn's Inc.
CONN
| $169K | 0.01% |
+22,500
| New | +$243K |
2016 Q2
0 quarters
|
|
|
TAHO
920
DELISTED
Tahoe Resources Inc
TAHO
| $168K | 0.01% |
+11,200
| New | +$143K |
2016 Q2
0 quarters
|
|
921
DELISTED
Light & Wonder
LNW
| $166K | 0.01% |
18,009
-8,275
| -31% | -$78.2K |
2015 Q4
2 quarters
|
|
|
FUR
922
DELISTED
WINTHROP REALTY TRUST SHS BENE INT (NEW)
FUR
| $166K | 0.01% |
+18,900
| New | +$205K |
2016 Q2
0 quarters
|
|
923
SFL Corp
SFL
$1.8B
| $165K | 0.01% |
+11,200
| New | +$167K |
2016 Q2
0 quarters
|
|
|
CVA
924
DELISTED
Covanta Holding Corporation
CVA
| $165K | 0.01% |
10,000
-6,500
| -39% | -$107K |
2015 Q4
2 quarters
|
|
925
Intrepid Potash
IPI
$425M
| $163K | 0.01% |
11,320
+2,243
| +25% | +$28.3K |
2015 Q4
2 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.