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 | |
|---|---|---|---|---|---|---|---|
951
Uniti Group
UNIT
$1.27B
| $494K | 0.01% |
+19,632
| New | +$508K |
2017 Q2
0 quarters
|
|
952
DELISTED
CyberArk
CYBR
| $492K | 0.01% |
+9,840
| New | +$497K |
2017 Q2
0 quarters
|
|
953
Armstrong World Industries
AWI
$7.16B
| $491K | 0.01% |
10,676
-3,206
| -23% | -$144K |
2016 Q4
2 quarters
|
|
|
BMS
954
DELISTED
Bemis
BMS
| $490K | 0.01% |
+10,589
| New | +$487K |
2017 Q2
0 quarters
|
|
|
LXP
955
DELISTED
LXP Industrial Trust
LXP
| $489K | 0.01% |
9,875
+7,120
| +258% | +$356K |
2017 Q1
1 quarter
|
|
|
RPXC
956
DELISTED
RPX Corporation
RPXC
| $489K | 0.01% |
35,078
+13,619
| +63% | +$181K |
2016 Q4
2 quarters
|
|
957
DELISTED
TD Ameritrade Holding Corp
AMTD
| $487K | 0.01% |
11,318
-74,882
| -87% | -$2.91M |
2016 Q4
2 quarters
|
|
|
SAFM
958
DELISTED
Sanderson Farms Inc
SAFM
| $486K | 0.01% |
4,200
-26,685
| -86% | -$3.1M |
2017 Q1
1 quarter
|
|
959
iShares Preferred and Income Securities ETF
PFF
$11.6B
| $480K | 0.01% |
12,259
-2,244
| -15% | -$87.3K |
2017 Q1
1 quarter
|
|
960
Telefônica Brasil
VIV
$18.3B
| $480K | 0.01% |
+35,600
| New | +$512K |
2017 Q2
0 quarters
|
|
961
JELD-WEN Holding
JELD
$88.5M
| $479K | 0.01% |
+14,766
| New | +$478K |
2017 Q2
0 quarters
|
|
962
American Eagle Outfitters
AEO
$3.34B
| $476K | 0.01% |
+39,518
| New | +$496K |
2017 Q2
0 quarters
|
|
963
Cardinal Health
CAH
$62.8B
| $475K | 0.01% |
+6,100
| New | +$460K |
2017 Q2
0 quarters
|
|
964
Canadian Imperial Bank of Commerce
CM
$105B
| $475K | 0.01% |
11,716
+2,218
| +23% | +$89.6K |
2017 Q1
1 quarter
|
|
|
ADSW
965
DELISTED
Advanced Disposal Services Inc
ADSW
| $475K | 0.01% |
+20,900
| New | +$482K |
2017 Q2
0 quarters
|
|
966
AMC Global Media
AMCX
$346M
| $474K | 0.01% |
8,879
-6,266
| -41% | -$350K |
2016 Q4
2 quarters
|
|
967
Flowserve
FLS
$10.2B
| $474K | 0.01% |
+10,200
| New | +$492K |
2017 Q2
0 quarters
|
|
|
CLD
968
DELISTED
Cloud Peak Energy Inc
CLD
| $474K | 0.01% |
134,156
-99,695
| -43% | -$364K |
2015 Q4
6 quarters
|
|
969
Piedmont Realty Trust
PDM
$1.23B
| $473K | 0.01% |
+22,460
| New | +$486K |
2017 Q2
0 quarters
|
|
|
NUVA
970
DELISTED
NuVasive, Inc.
NUVA
| $473K | 0.01% |
+6,153
| New | +$460K |
2017 Q2
0 quarters
|
|
971
RLI Corp
RLI
$6.27B
| $472K | 0.01% |
+17,290
| New | +$486K |
2017 Q2
0 quarters
|
|
972
West Pharmaceutical
WST
$27.9B
| $472K | 0.01% |
4,989
+2,405
| +93% | +$221K |
2016 Q2
4 quarters
|
|
973
Azenta
AZTA
$1.72B
| $471K | 0.01% |
+21,698
| New | +$550K |
2017 Q2
0 quarters
|
|
974
Valmont Industries
VMI
$7.74B
| $470K | 0.01% |
3,140
-2,639
| -46% | -$397K |
2017 Q1
1 quarter
|
|
975
JD.com
JD
$39.3B
| $469K | 0.01% |
11,965
-7,205
| -38% | -$272K |
2016 Q3
3 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.