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
|
+$203M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$91.1M |
| 3 |
PG&E
PCG
|
+$57.7M |
| 4 |
VanEck Gold Miners ETF
GDX
|
+$53.7M |
| 5 |
Boston Scientific
BSX
|
+$41.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Japan ETF
EWJ
|
+$67M |
| 2 |
iShares MSCI India ETF
INDA
|
+$55.1M |
| 3 |
Apple
AAPL
|
+$50.9M |
| 4 |
Intuit
INTU
|
+$43.3M |
| 5 |
Lowe's Companies
LOW
|
+$41.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 15.3% |
| 2 | Consumer Discretionary | 13.6% |
| 3 | Technology | 11.89% |
| 4 | Healthcare | 11.31% |
| 5 | Industrials | 10.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
76
Carnival Corporation Ltd
CCL
$39.8B
| $14.4M | 0.25% |
216,279
-133,902
| -38% | -$8.87M |
2017 Q2
2 quarters
|
|
77
T-Mobile US
TMUS
$172B
| $14.2M | 0.25% |
224,026
-101,885
| -31% | -$6.22M |
2016 Q2
6 quarters
|
|
78
Hartford Financial Services
HIG
$35.8B
| $14.1M | 0.25% |
250,610
+236,810
| +1,716% | +$13.2M |
2015 Q4
8 quarters
|
|
79
Allstate
ALL
$63.1B
| $14.1M | 0.25% |
134,659
-87,391
| -39% | -$8.61M |
2015 Q1
11 quarters
|
|
|
DISH
80
DELISTED
DISH Network Corp.
DISH
| $13.9M | 0.24% |
292,077
+88,685
| +44% | +$4.42M |
2017 Q3
1 quarter
|
|
81
American Airlines Group
AAL
$8.73B
| $13.8M | 0.24% |
265,887
+65,044
| +32% | +$3.24M |
2017 Q2
2 quarters
|
|
82
Incyte
INCY
$24.4B
| $13.7M | 0.24% |
145,120
+111,369
| +330% | +$11.6M |
2017 Q2
2 quarters
|
|
83
Applied Materials
AMAT
$264B
| $13.7M | 0.24% |
268,379
+97,482
| +57% | +$5.28M |
2015 Q3
9 quarters
|
|
84
Goldman Sachs
GS
$250B
| $13.6M | 0.24% |
53,477
+51,510
| +2,619% | +$12.6M |
2015 Q4
8 quarters
|
|
85
Amazon
AMZN
$2.8T
| $13.5M | 0.23% |
230,420
-63,820
| -22% | -$3.51M |
2017 Q2
2 quarters
|
|
86
Healthpeak Properties
DOC
$14B
| $13.4M | 0.23% |
512,448
+38,225
| +8% | +$1.01M |
2016 Q4
4 quarters
|
|
87
DXC Technology
DXC
$2.31B
| $13.3M | 0.23% |
161,968
+50,895
| +46% | +$4.11M |
2017 Q2
2 quarters
|
|
88
Royal Caribbean
RCL
$87.5B
| $13M | 0.23% |
109,070
-15,995
| -13% | -$1.98M |
2016 Q4
4 quarters
|
|
89
DELISTED
Berry Global Group, Inc.
BERY
| $12.9M | 0.22% |
238,699
+76,563
| +47% | +$4.17M |
2016 Q4
4 quarters
|
|
90
Elevance Health
ELV
$92B
| $12.7M | 0.22% |
56,241
+21,634
| +63% | +$4.61M |
2017 Q2
2 quarters
|
|
91
Tractor Supply
TSCO
$18.9B
| $12.6M | 0.22% |
845,595
+178,945
| +27% | +$2.3M |
2017 Q1
3 quarters
|
|
92
Eli Lilly
LLY
$1.21T
| $12.5M | 0.22% |
+148,420
| New | +$12.6M |
2017 Q4
0 quarters
|
|
93
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $12.5M | 0.22% |
276,860
+241,860
| +691% | +$10.7M |
2017 Q2
2 quarters
|
|
94
Agilent Technologies
A
$49.3B
| $12.5M | 0.22% |
186,553
+93,323
| +100% | +$6.29M |
2017 Q2
2 quarters
|
|
95
Exelon
EXC
$47.2B
| $12.5M | 0.22% |
+443,852
| New | +$12.8M |
2017 Q4
0 quarters
|
|
96
Lennar Class A
LEN
$21.1B
| $12.4M | 0.22% |
202,304
+36,324
| +22% | +$2.06M |
2015 Q4
8 quarters
|
|
97
PPG Industries
PPG
$27B
| $12.2M | 0.21% |
104,615
+36,522
| +54% | +$4.21M |
2017 Q2
2 quarters
|
|
98
iShares MSCI Mexico ETF
EWW
$1.67B
| $11.9M | 0.21% |
242,080
-517,601
| -68% | -$26.3M |
2017 Q1
3 quarters
|
|
|
NUAN
99
DELISTED
Nuance Communications, Inc.
NUAN
| $11.9M | 0.21% |
837,642
+461,834
| +123% | +$6.21M |
2017 Q3
1 quarter
|
|
100
Huntsman Corp
HUN
$1.66B
| $11.8M | 0.21% |
354,616
-13,254
| -4% | -$406K |
2016 Q3
5 quarters
|
|
Similar funds
Squarepoint's Q4 2017 Portfolio in Review
As of Q4 2017, Squarepoint held 2,530 positions worth $5.74B, up 10% from $5.2B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Squarepoint deployed $341M of net new capital in Q4 2017, opening 949 new positions and adding to 622 existing holdings. Its largest new stake was Boston Scientific: 1,494,796 shares worth $37.1M.
By sector, the portfolio is most concentrated in Miscellaneous at 15% of assets, up from 14% a quarter earlier, followed by Consumer Discretionary and Technology.
On the sell side, the largest reduction was Apple, an estimated $50.9M trimmed.
- Squarepoint's largest Q4 2017 buy was Boston Scientific: 1,494,796 shares worth $37.1M.
- Squarepoint added most to iShares Core MSCI Emerging Markets ETF in Q4 2017, an estimated $203M increase.
- Squarepoint's biggest Q4 2017 reduction was Apple, cutting an estimated $50.9M.
- Squarepoint fully exited iShares MSCI Japan ETF in Q4 2017, selling an estimated $67M.
- Squarepoint's ten largest holdings make up 15% of its $5.74B portfolio in Q4 2017.
- Squarepoint opened 949 new positions and closed 486 in Q4 2017.
- Squarepoint's portfolio value rose 10% quarter-over-quarter to $5.74B.
Based on Squarepoint's 13F filing for Q4 2017, filed 14 Feb 2018.