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 MSCI Taiwan ETF
EWT
|
+$89.9M |
| 2 |
VanEck Gold Miners ETF
GDX
|
+$71.9M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$69M |
| 4 |
iShares China Large-Cap ETF
FXI
|
+$66M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$58.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$33M |
| 2 |
Altria Group
MO
|
+$32.4M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
+$26.5M |
| 4 |
CVS Health
CVS
|
+$24.7M |
| 5 |
Medtronic
MDT
|
+$22.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 17.23% |
| 2 | Technology | 14.6% |
| 3 | Healthcare | 11.36% |
| 4 | Industrials | 11.26% |
| 5 | Consumer Discretionary | 10.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
901
Vodafone
VOD
$36.1B
| $577K | 0.01% |
+20,069
| New | +$559K |
2017 Q2
0 quarters
|
|
|
FMBI
902
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $576K | 0.01% |
24,705
-15,503
| -39% | -$356K |
2016 Q3
3 quarters
|
|
903
Patrick Industries
PATK
$2.53B
| $575K | 0.01% |
17,766
+3,321
| +23% | +$103K |
2016 Q4
2 quarters
|
|
|
KITE
904
DELISTED
Kite Pharma, Inc.
KITE
| $575K | 0.01% |
5,542
-658
| -11% | -$53.7K |
2017 Q1
1 quarter
|
|
905
Pegasystems
PEGA
$5.3B
| $571K | 0.01% |
19,568
+9,168
| +88% | +$242K |
2017 Q1
1 quarter
|
|
|
UNVR
906
DELISTED
Univar Solutions Inc.
UNVR
| $569K | 0.01% |
19,490
-23,553
| -55% | -$714K |
2016 Q3
3 quarters
|
|
907
Apple Hospitality REIT
APLE
$4.46B
| $568K | 0.01% |
+30,384
| New | +$577K |
2017 Q2
0 quarters
|
|
908
Kirby Corp
KEX
$6.39B
| $567K | 0.01% |
8,479
-34,926
| -80% | -$2.38M |
2015 Q4
6 quarters
|
|
909
Comtech Telecommunications
CMTL
$34.1M
| $564K | 0.01% |
+29,715
| New | +$459K |
2017 Q2
0 quarters
|
|
910
American Financial Group
AFG
$12.8B
| $563K | 0.01% |
5,667
-11,454
| -67% | -$1.12M |
2017 Q1
1 quarter
|
|
911
WIX.com
WIX
$3.18B
| $562K | 0.01% |
+8,071
| New | +$603K |
2017 Q2
0 quarters
|
|
|
ZNGA
912
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $558K | 0.01% |
+153,414
| New | +$503K |
2017 Q2
0 quarters
|
|
913
Terreno Realty
TRNO
$7.29B
| $555K | 0.01% |
16,500
+9,200
| +126% | +$291K |
2016 Q4
2 quarters
|
|
914
DELISTED
Hillenbrand
HI
| $553K | 0.01% |
+15,330
| New | +$559K |
2017 Q2
0 quarters
|
|
915
Kennametal
KMT
$1.77B
| $551K | 0.01% |
+14,726
| New | +$576K |
2017 Q2
0 quarters
|
|
|
DST
916
DELISTED
DST Systems Inc.
DST
| $551K | 0.01% |
8,924
-15,100
| -63% | -$921K |
2016 Q1
5 quarters
|
|
917
DELISTED
Taylor Morrison
TMHC
| $550K | 0.01% |
22,900
+7,000
| +44% | +$161K |
2017 Q1
1 quarter
|
|
918
CNA Financial
CNA
$12.8B
| $547K | 0.01% |
+11,229
| New | +$513K |
2017 Q2
0 quarters
|
|
919
HCA Healthcare
HCA
$103B
| $547K | 0.01% |
6,271
-235,364
| -97% | -$19.9M |
2015 Q3
7 quarters
|
|
920
Phibro Animal Health
PAHC
$1.34B
| $545K | 0.01% |
+14,718
| New | +$480K |
2017 Q2
0 quarters
|
|
921
Power Integrations
POWI
$2.25B
| $544K | 0.01% |
+14,916
| New | +$494K |
2017 Q2
0 quarters
|
|
922
DELISTED
Blueprint Medicines
BPMC
| $542K | 0.01% |
10,700
+594
| +6% | +$25.2K |
2016 Q4
2 quarters
|
|
|
NXGN
923
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $542K | 0.01% |
31,515
+12,603
| +67% | +$192K |
2016 Q4
2 quarters
|
|
|
LEXEA
924
DELISTED
Liberty Expedia Holdings, Inc. Class A Common Stock
LEXEA
| $541K | 0.01% |
+10,011
| New | +$505K |
2017 Q2
0 quarters
|
|
|
LHO
925
DELISTED
LaSalle Hotel Properties
LHO
| $541K | 0.01% |
+18,159
| New | +$533K |
2017 Q2
0 quarters
|
|
Similar funds
Squarepoint's Q2 2017 Portfolio in Review
As of Q2 2017, Squarepoint held 2,064 positions worth $5.08B, up 40% from $3.63B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Squarepoint deployed $1.39B of net new capital in Q2 2017, opening 586 new positions and adding to 519 existing holdings. Its largest new stake was iShares MSCI Taiwan ETF: 2,618,387 shares worth $93.6M.
By sector, the portfolio is most concentrated in Miscellaneous at 17% of assets, up from 15% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, an estimated $33M trimmed.
- Squarepoint's largest Q2 2017 buy was iShares MSCI Taiwan ETF: 2,618,387 shares worth $93.6M.
- Squarepoint added most to VanEck Gold Miners ETF in Q2 2017, an estimated $71.9M increase.
- Squarepoint's biggest Q2 2017 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $33M.
- Squarepoint fully exited iShares MSCI EAFE ETF in Q2 2017, selling an estimated $26.5M.
- Squarepoint's ten largest holdings make up 16% of its $5.08B portfolio in Q2 2017.
- Squarepoint opened 586 new positions and closed 568 in Q2 2017.
- Squarepoint's portfolio value rose 40% quarter-over-quarter to $5.08B.
Based on Squarepoint's 13F filing for Q2 2017, filed 14 Aug 2017.