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 Core MSCI Emerging Markets ETF
IEMG
|
+$179M |
| 2 |
Intuit
INTU
|
+$36.9M |
| 3 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$35.2M |
| 4 |
Altria Group
MO
|
+$32.6M |
| 5 |
iShares MSCI EAFE ETF
EFA
|
+$25.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares China Large-Cap ETF
FXI
|
+$43.3M |
| 2 |
iShares MSCI Japan ETF
EWJ
|
+$22.7M |
| 3 |
Meta Platforms (Facebook)
META
|
+$20.2M |
| 4 |
Lockheed Martin
LMT
|
+$18M |
| 5 |
Starbucks
SBUX
|
+$16.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 15.09% |
| 2 | Technology | 13.06% |
| 3 | Healthcare | 11.75% |
| 4 | Industrials | 11.74% |
| 5 | Consumer Discretionary | 10.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
76
Monster Beverage
MNST
$88.8B
| $11M | 0.3% |
+955,224
| New | +$10.7M |
2017 Q1
0 quarters
|
|
77
iShares MSCI Brazil ETF
EWZ
$9.3B
| $11M | 0.3% |
292,890
+104,670
| +56% | +$3.91M |
2016 Q4
1 quarter
|
|
78
Aflac
AFL
$62.6B
| $10.7M | 0.3% |
296,188
+267,962
| +949% | +$9.5M |
2016 Q3
2 quarters
|
|
79
McDonald's
MCD
$199B
| $10.6M | 0.29% |
81,921
+69,879
| +580% | +$8.77M |
2015 Q4
5 quarters
|
|
80
Johnson & Johnson
JNJ
$676B
| $10.6M | 0.29% |
85,212
+48,151
| +130% | +$5.75M |
2016 Q4
1 quarter
|
|
81
Intercontinental Exchange
ICE
$98.6B
| $10.1M | 0.28% |
168,890
-47,669
| -22% | -$2.79M |
2015 Q4
5 quarters
|
|
82
Union Pacific
UNP
$179B
| $10M | 0.28% |
94,150
+64,958
| +223% | +$6.93M |
2016 Q4
1 quarter
|
|
83
Bath & Body Works
BBWI
$4.37B
| $9.9M | 0.27% |
260,894
+237,913
| +1,035% | +$10.7M |
2016 Q1
4 quarters
|
|
84
Alphabet (Google) Class C
GOOG
$3.5T
| $9.9M | 0.27% |
238,380
-20,740
| -8% | -$851K |
2016 Q4
1 quarter
|
|
85
Invesco QQQ Trust
QQQ
$458B
| $9.8M | 0.27% |
74,374
-100,643
| -58% | -$12.9M |
2016 Q1
4 quarters
|
|
86
TE Connectivity
TEL
$62.4B
| $9.8M | 0.27% |
+131,750
| New | +$9.7M |
2017 Q1
0 quarters
|
|
87
Vornado Realty Trust
VNO
$6.65B
| $9.8M | 0.27% |
+120,872
| New | +$10.3M |
2017 Q1
0 quarters
|
|
|
LLL
88
DELISTED
L3 Technologies, Inc.
LLL
| $9.7M | 0.27% |
58,807
+38,213
| +186% | +$6.18M |
2015 Q3
6 quarters
|
|
89
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$796B
| $9.7M | 0.27% |
+41,100
| New | +$9.6M |
2017 Q1
0 quarters
|
|
90
PG&E
PCG
$29.1B
| $9.6M | 0.26% |
144,177
+93,057
| +182% | +$5.93M |
2015 Q4
5 quarters
|
|
91
Microsoft
MSFT
$3.96T
| $9.3M | 0.26% |
+141,156
| New | +$9.05M |
2017 Q1
0 quarters
|
|
92
Kinder Morgan
KMI
$69.5B
| $9.03M | 0.25% |
415,401
-95,435
| -19% | -$2.09M |
2015 Q2
7 quarters
|
|
93
Cigna
CI
$79.9B
| $8.95M | 0.25% |
61,114
+57,814
| +1,752% | +$8.52M |
2015 Q4
5 quarters
|
|
94
The Gap Inc
GAP
$7.72B
| $8.85M | 0.24% |
364,474
+225,005
| +161% | +$5.37M |
2016 Q4
1 quarter
|
|
|
XEC
95
DELISTED
CIMAREX ENERGY CO
XEC
| $8.64M | 0.24% |
72,268
+52,493
| +265% | +$6.81M |
2016 Q2
3 quarters
|
|
96
Pentair
PNR
$11.1B
| $8.59M | 0.24% |
203,694
+142,067
| +231% | +$5.68M |
2016 Q4
1 quarter
|
|
|
XLNX
97
DELISTED
Xilinx Inc
XLNX
| $8.56M | 0.24% |
147,889
+115,804
| +361% | +$6.81M |
2015 Q4
5 quarters
|
|
|
CTXS
98
DELISTED
Citrix Systems Inc
CTXS
| $8.53M | 0.24% |
102,344
+84,523
| +474% | +$6.59M |
2016 Q1
4 quarters
|
|
99
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45.9B
| $8.5M | 0.23% |
+41,200
| New | +$8.4M |
2017 Q1
0 quarters
|
|
|
PBCT
100
DELISTED
People's United Financial Inc
PBCT
| $8.44M | 0.23% |
463,706
+436,202
| +1,586% | +$8.25M |
2016 Q3
2 quarters
|
|
Similar funds
Squarepoint's Q1 2017 Portfolio in Review
As of Q1 2017, Squarepoint held 2,234 positions worth $3.63B, up 48% from $2.44B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Squarepoint deployed $976M of net new capital in Q1 2017, opening 503 new positions and adding to 514 existing holdings. Its largest new stake was iShares Core MSCI Emerging Markets ETF: 3,877,250 shares worth $185M.
By sector, the portfolio is most concentrated in Miscellaneous at 15% of assets, up from 14% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Meta Platforms (Facebook), an estimated $20.2M trimmed.
- Squarepoint's largest Q1 2017 buy was iShares Core MSCI Emerging Markets ETF: 3,877,250 shares worth $185M.
- Squarepoint added most to Intuit in Q1 2017, an estimated $36.9M increase.
- Squarepoint's biggest Q1 2017 reduction was Meta Platforms (Facebook), cutting an estimated $20.2M.
- Squarepoint fully exited iShares China Large-Cap ETF in Q1 2017, selling an estimated $43.3M.
- Squarepoint's ten largest holdings make up 14% of its $3.63B portfolio in Q1 2017.
- Squarepoint opened 503 new positions and closed 757 in Q1 2017.
- Squarepoint's portfolio value rose 48% quarter-over-quarter to $3.63B.
Based on Squarepoint's 13F filing for Q1 2017, filed 15 May 2017.