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 | |
|---|---|---|---|---|---|---|---|
|
WLB
951
DELISTED
Westmoreland Coal Company
WLB
| $103K | 0.01% |
+11,600
| New | +$104K |
2016 Q3
0 quarters
|
|
952
DELISTED
Trevena, Inc.
TRVN
| $102K | 0.01% |
+24
| New | +$103K |
2016 Q3
0 quarters
|
|
|
TUES
953
DELISTED
Tuesday Morning Corp
TUES
| $102K | 0.01% |
+17,106
| New | +$121K |
2016 Q3
0 quarters
|
|
|
AREX
954
DELISTED
Approach Resources Inc.
AREX
| $98K | 0.01% |
29,000
-37,800
| -57% | -$95.7K |
2016 Q2
1 quarter
|
|
955
Tronox
TROX
$433M
| $97K | 0.01% |
10,400
-200
| -2% | -$1.54K |
2016 Q2
1 quarter
|
|
956
DHT Holdings
DHT
$3.32B
| $92K | 0.01% |
22,000
-65,443
| -75% | -$304K |
2015 Q1
6 quarters
|
|
957
DELISTED
Bankrate Inc
RATE
| $90K | 0.01% |
10,622
-49,416
| -82% | -$393K |
2016 Q2
1 quarter
|
|
958
TherapeuticsMD
TXMD
$19.6M
| $89K | 0.01% |
+262
| New | +$95.7K |
2016 Q3
0 quarters
|
|
|
CLD
959
DELISTED
Cloud Peak Energy Inc
CLD
| $88K | 0.01% |
16,211
-86,989
| -84% | -$303K |
2015 Q4
3 quarters
|
|
960
Magnite
MGNI
$4.17B
| $87K | 0.01% |
+10,500
| New | +$112K |
2016 Q3
0 quarters
|
|
|
CYS
961
DELISTED
CYS Investments Inc.
CYS
| $87K | 0.01% |
10,000
-8,314
| -45% | -$73.2K |
2015 Q4
3 quarters
|
|
|
NIHD
962
DELISTED
NII Holdings, Inc. Common Stock
NIHD
| $86K | 0.01% |
+25,700
| New | +$76K |
2016 Q3
0 quarters
|
|
963
Frontline
FRO
$9.9B
| $85K | 0.01% |
11,800
| – | – |
2016 Q2
1 quarter
|
|
|
PKD
964
DELISTED
Parker Drilling Company
PKD
| $82K | 0.01% |
+2,513
| New | +$81K |
2016 Q3
0 quarters
|
|
|
MITL
965
DELISTED
Mitel Networks Corporation
MITL
| $82K | 0.01% |
+11,200
| New | +$82.4K |
2016 Q3
0 quarters
|
|
966
DELISTED
Silicon Graphics Intl.
SGI
| $79K | 0.01% |
+10,200
| New | +$67.8K |
2016 Q3
0 quarters
|
|
967
CEMIG Preferred Shares
CIG
$5.44B
| $72K | ﹤0.01% |
+54,403
| New | +$74.9K |
2016 Q3
0 quarters
|
|
|
PGNX
968
DELISTED
Progenics Pharmaceuticals Inc
PGNX
| $70K | ﹤0.01% |
+11,099
| New | +$67.1K |
2016 Q3
0 quarters
|
|
|
PDLI
969
DELISTED
PDL BioPharma, Inc.
PDLI
| $70K | ﹤0.01% |
+20,800
| New | +$66K |
2016 Q3
0 quarters
|
|
970
DELISTED
Emcore Corp
EMKR
| $60K | ﹤0.01% |
+1,050
| New | +$57.9K |
2016 Q3
0 quarters
|
|
|
PES
971
DELISTED
Pioneer Energy Services Corp.
PES
| $56K | ﹤0.01% |
+13,854
| New | +$51.1K |
2016 Q3
0 quarters
|
|
972
Geron
GERN
$642M
| $44K | ﹤0.01% |
19,400
-32,700
| -63% | -$84.7K |
2016 Q2
1 quarter
|
|
|
IMMU
973
DELISTED
Immunomedics Inc
IMMU
| $42K | ﹤0.01% |
+12,825
| New | +$35.9K |
2016 Q3
0 quarters
|
|
974
Anavex Life Sciences
AVXL
$113M
| $41K | ﹤0.01% |
+11,200
| New | +$47.2K |
2016 Q3
0 quarters
|
|
975
Aptevo Therapeutics
APVO
$2.39M
| – | – |
0
| – | – |
2016 Q3
0 quarters
|
|
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.