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 | |
|---|---|---|---|---|---|---|---|
|
HMHC
926
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $151K | 0.01% |
11,293
-7,950
| -41% | -$124K |
2015 Q4
3 quarters
|
|
927
Halozyme
HALO
$11.7B
| $150K | 0.01% |
+12,400
| New | +$127K |
2016 Q3
0 quarters
|
|
928
DELISTED
Staples Inc
SPLS
| $145K | 0.01% |
16,915
-10,810
| -39% | -$95.1K |
2016 Q1
2 quarters
|
|
|
FCH
929
DELISTED
Felcor Lodging Trust
FCH
| $145K | 0.01% |
+22,543
| New | +$147K |
2016 Q3
0 quarters
|
|
930
Archrock
AROC
$5.08B
| $144K | 0.01% |
10,997
-8,422
| -43% | -$90.5K |
2016 Q1
2 quarters
|
|
931
ArcelorMittal
MT
$48.3B
| $141K | 0.01% |
7,798
-24,769
| -76% | -$439K |
2016 Q2
1 quarter
|
|
|
ELNK
932
DELISTED
EarthLink Holdings Corp.
ELNK
| $141K | 0.01% |
22,735
+8,835
| +64% | +$57.2K |
2015 Q4
3 quarters
|
|
|
ORBC
933
DELISTED
ORBCOMM, Inc.
ORBC
| $140K | 0.01% |
13,700
-2,500
| -15% | -$25.5K |
2016 Q2
1 quarter
|
|
934
Crocs
CROX
$7.33B
| $135K | 0.01% |
+16,274
| New | +$156K |
2016 Q3
0 quarters
|
|
935
Rambus
RMBS
$8.65B
| $135K | 0.01% |
+10,768
| New | +$142K |
2016 Q3
0 quarters
|
|
936
BGC Group
BGC
$5.13B
| $134K | 0.01% |
23,792
-311
| -1% | -$1.78K |
2015 Q4
3 quarters
|
|
937
Opko Health
OPK
$1.27B
| $127K | 0.01% |
12,000
-31,000
| -72% | -$309K |
2016 Q2
1 quarter
|
|
|
STKL
938
DELISTED
SunOpta
STKL
| $125K | 0.01% |
+17,717
| New | +$107K |
2016 Q3
0 quarters
|
|
939
DELISTED
Nimble Storage, Inc.
NMBL
| $125K | 0.01% |
+14,192
| New | +$112K |
2016 Q3
0 quarters
|
|
940
TETRA Technologies
TTI
$911M
| $123K | 0.01% |
20,197
-48,108
| -70% | -$293K |
2015 Q4
3 quarters
|
|
|
AVTA
941
DELISTED
Avantax, Inc. Common Stock
AVTA
| $122K | 0.01% |
10,876
-17,518
| -62% | -$195K |
2015 Q4
3 quarters
|
|
942
Freeport-McMoran
FCX
$89.5B
| $121K | 0.01% |
+11,174
| New | +$129K |
2016 Q3
0 quarters
|
|
|
MBT
943
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
| $120K | 0.01% |
+15,739
| New | +$133K |
2016 Q3
0 quarters
|
|
944
Petrobras Class A
PBR.A
$105B
| $118K | 0.01% |
14,220
-38,480
| -73% | -$289K |
2016 Q1
2 quarters
|
|
945
Pacific Biosciences
PACB
$734M
| $117K | 0.01% |
+13,097
| New | +$109K |
2016 Q3
0 quarters
|
|
|
RAS
946
DELISTED
RAIT Financial Trust
RAS
| $113K | 0.01% |
+33,469
| New | +$105K |
2016 Q3
0 quarters
|
|
947
Northern Oil and Gas
NOG
$2.42B
| $107K | 0.01% |
3,982
+502
| +14% | +$18.3K |
2015 Q4
3 quarters
|
|
|
SGYP
948
DELISTED
Synergy Pharmaceuticals, Inc Common Stock
SGYP
| $107K | 0.01% |
+19,400
| New | +$90.8K |
2016 Q3
0 quarters
|
|
|
PIR
949
DELISTED
Pier 1 Imports, Inc.
PIR
| $105K | 0.01% |
+1,240
| New | +$117K |
2016 Q3
0 quarters
|
|
950
Kosmos Energy
KOS
$1.23B
| $104K | 0.01% |
16,233
-19,767
| -55% | -$115K |
2016 Q2
1 quarter
|
|
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.