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 | |
|---|---|---|---|---|---|---|---|
901
DELISTED
BlackRock Municipal Income Trust
BFK
| $448K | 0.02% |
+32,400
| New | +$464K |
2016 Q4
0 quarters
|
|
902
Brixmor Property Group
BRX
$9.28B
| $447K | 0.02% |
+18,300
| New | +$457K |
2016 Q4
0 quarters
|
|
903
ICF International
ICFI
$1.48B
| $447K | 0.02% |
+8,095
| New | +$411K |
2016 Q4
0 quarters
|
|
904
DELISTED
Bankrate Inc
RATE
| $447K | 0.02% |
40,491
+29,869
| +281% | +$283K |
2016 Q2
2 quarters
|
|
905
BlackRock MuniYield Quality Fund III
MYI
$1.23B
| $445K | 0.02% |
+32,600
| New | +$455K |
2016 Q4
0 quarters
|
|
906
REX American Resources
REX
$1.33B
| $445K | 0.02% |
27,030
+6,264
| +30% | +$93K |
2016 Q3
1 quarter
|
|
907
Signet Jewelers
SIG
$4.53B
| $445K | 0.02% |
4,717
-6,094
| -56% | -$535K |
2016 Q1
3 quarters
|
|
|
BHI
908
DELISTED
Baker Hughes
BHI
| $444K | 0.02% |
6,827
-13,258
| -66% | -$787K |
2015 Q3
5 quarters
|
|
909
Cigna
CI
$78.1B
| $440K | 0.02% |
3,300
-3,138
| -49% | -$411K |
2015 Q4
4 quarters
|
|
910
Donaldson
DCI
$10.1B
| $440K | 0.02% |
+10,448
| New | +$414K |
2016 Q4
0 quarters
|
|
|
GCP
911
DELISTED
GCP Applied Technologies Inc.
GCP
| $439K | 0.02% |
+16,410
| New | +$444K |
2016 Q4
0 quarters
|
|
912
Scorpio Tankers
STNG
$4.26B
| $438K | 0.02% |
9,677
-3,869
| -29% | -$167K |
2016 Q2
2 quarters
|
|
913
United Airlines
UAL
$36.1B
| $438K | 0.02% |
6,014
-54,381
| -90% | -$3.46M |
2016 Q3
1 quarter
|
|
|
GBT
914
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $438K | 0.02% |
+30,330
| New | +$533K |
2016 Q4
0 quarters
|
|
915
DELISTED
Premier
PINC
| $437K | 0.02% |
+14,400
| New | +$443K |
2016 Q4
0 quarters
|
|
916
Invesco California Value Municipal Income Trust
VCV
$474M
| $436K | 0.02% |
+35,900
| New | +$453K |
2016 Q4
0 quarters
|
|
917
DELISTED
MINDBODY, Inc. Class A Common Stock
MB
| $436K | 0.02% |
+20,474
| New | +$414K |
2016 Q4
0 quarters
|
|
918
Nordic American Tanker
NAT
$1.42B
| $434K | 0.02% |
+52,097
| New | +$463K |
2016 Q4
0 quarters
|
|
919
DELISTED
Radius Recycling
RDUS
| $434K | 0.02% |
16,900
+1,707
| +11% | +$43.9K |
2016 Q2
2 quarters
|
|
920
DELISTED
WW International
WW
| $433K | 0.02% |
+37,798
| New | +$407K |
2016 Q4
0 quarters
|
|
|
IPHI
921
DELISTED
INPHI CORPORATION
IPHI
| $433K | 0.02% |
+9,700
| New | +$416K |
2016 Q4
0 quarters
|
|
922
Alnylam Pharmaceuticals
ALNY
$21B
| $431K | 0.02% |
11,500
+4,500
| +64% | +$188K |
2016 Q3
1 quarter
|
|
923
Ametek
AME
$55.3B
| $431K | 0.02% |
8,868
+3,006
| +51% | +$142K |
2015 Q4
4 quarters
|
|
924
NiSource
NI
$22B
| $428K | 0.02% |
+19,339
| New | +$430K |
2016 Q4
0 quarters
|
|
|
FRP
925
DELISTED
Fairpoint Communications, Inc.
FRP
| $426K | 0.02% |
+22,777
| New | +$384K |
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.