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 | |
|---|---|---|---|---|---|---|---|
926
SFL Corp
SFL
$1.71B
| $425K | 0.02% |
+28,642
| New | +$402K |
2016 Q4
0 quarters
|
|
927
Arrow Electronics
ARW
$10B
| $424K | 0.02% |
5,944
+1,905
| +47% | +$126K |
2015 Q4
4 quarters
|
|
928
Box
BOX
$5.99B
| $421K | 0.02% |
+30,396
| New | +$450K |
2016 Q4
0 quarters
|
|
929
Invesco Value Municipal Income Trust
IIM
$521M
| $421K | 0.02% |
+28,777
| New | +$432K |
2016 Q4
0 quarters
|
|
|
VCRA
930
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $420K | 0.02% |
+22,689
| New | +$405K |
2016 Q4
0 quarters
|
|
931
Encompass Health
EHC
$13.8B
| $419K | 0.02% |
12,771
-1,307
| -9% | -$42.4K |
2016 Q2
2 quarters
|
|
|
QVCGA
932
DELISTED
QVC Group Inc Series A
QVCGA
| $418K | 0.02% |
431
-783
| -64% | -$756K |
2015 Q4
4 quarters
|
|
933
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $418K | 0.02% |
+18,099
| New | +$380K |
2016 Q4
0 quarters
|
|
|
LEXEA
934
DELISTED
Liberty Expedia Holdings, Inc. Class A Common Stock
LEXEA
| $418K | 0.02% |
+10,537
| New | +$447K |
2016 Q4
0 quarters
|
|
935
ArcBest
ARCB
$2.97B
| $417K | 0.02% |
+15,066
| New | +$387K |
2016 Q4
0 quarters
|
|
936
Adamas Trust
ADAM
$470M
| $416K | 0.02% |
+15,775
| New | +$399K |
2016 Q4
0 quarters
|
|
937
Shutterstock
SSTK
$99M
| $416K | 0.02% |
+8,761
| New | +$468K |
2016 Q4
0 quarters
|
|
|
WBT
938
DELISTED
Welbilt, Inc.
WBT
| $416K | 0.02% |
+21,500
| New | +$367K |
2016 Q4
0 quarters
|
|
939
Ryerson Holding Corp
RYZ
$1.56B
| $412K | 0.02% |
+30,887
| New | +$378K |
2016 Q4
0 quarters
|
|
940
Texas Capital Bancshares, Inc. Common Stock, par value $0.01 per share
TXCP
$4.34B
| $412K | 0.02% |
+5,260
| New | +$355K |
2016 Q4
0 quarters
|
|
941
Western Alliance Bancorporation
WAL
$8B
| $412K | 0.02% |
8,468
-919
| -10% | -$39.5K |
2016 Q1
3 quarters
|
|
942
First Merchants
FRME
$2.57B
| $411K | 0.02% |
+10,914
| New | +$347K |
2016 Q4
0 quarters
|
|
943
NMI Holdings
NMIH
$2.9B
| $411K | 0.02% |
+38,548
| New | +$341K |
2016 Q4
0 quarters
|
|
944
TotalEnergies
TTE
$196B
| $411K | 0.02% |
8,058
+93
| +1% | +$4.48K |
2016 Q3
1 quarter
|
|
945
Quad
QUAD
$384M
| $406K | 0.02% |
+15,090
| New | +$390K |
2016 Q4
0 quarters
|
|
946
Usana Health Sciences
USNA
$235M
| $406K | 0.02% |
+6,628
| New | +$432K |
2016 Q4
0 quarters
|
|
|
HABT
947
DELISTED
The Habit Restaurants, Inc. - Class A
HABT
| $406K | 0.02% |
+23,531
| New | +$361K |
2016 Q4
0 quarters
|
|
948
Armstrong World Industries
AWI
$7.31B
| $405K | 0.02% |
+9,700
| New | +$397K |
2016 Q4
0 quarters
|
|
949
Papa John's
PZZA
$631M
| $405K | 0.02% |
4,732
+698
| +17% | +$57.9K |
2016 Q3
1 quarter
|
|
950
Financial Institutions
FISI
$785M
| $404K | 0.02% |
+11,808
| New | +$351K |
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.