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 |
VanEck Gold Miners ETF
GDX
|
+$87.3M |
| 2 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$58.8M |
| 3 |
Wells Fargo
WFC
|
+$50M |
| 4 |
Archer Daniels Midland
ADM
|
+$46.7M |
| 5 |
Southern Company
SO
|
+$46.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$79.7M |
| 2 |
Cigna
CI
|
+$69.1M |
| 3 |
iShares MSCI Taiwan ETF
EWT
|
+$46.8M |
| 4 |
Caterpillar
CAT
|
+$42.7M |
| 5 |
DXC Technology
DXC
|
+$40M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 18.59% |
| 2 | Technology | 14.57% |
| 3 | Financials | 13% |
| 4 | Industrials | 11.45% |
| 5 | Healthcare | 10.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
76
iShares MSCI India ETF
INDA
$6.84B
| $22.9M | 0.27% |
705,524
+321,188
| +84% | +$11.1M |
2018 Q1
2 quarters
|
|
77
State Street Industrial Select Sector SPDR ETF
XLI
$30.9B
| $22.8M | 0.27% |
+290,828
| New | +$22.2M |
2018 Q3
0 quarters
|
|
|
RHT
78
DELISTED
Red Hat Inc
RHT
| $22.5M | 0.27% |
164,972
+81,502
| +98% | +$11.7M |
2018 Q1
2 quarters
|
|
79
SPDR Gold Trust
GLD
$130B
| $22.3M | 0.27% |
198,156
+146,492
| +284% | +$16.8M |
2018 Q1
2 quarters
|
|
80
AT&T
T
$149B
| $22.2M | 0.27% |
+875,657
| New | +$21.4M |
2018 Q3
0 quarters
|
|
|
CTXS
81
DELISTED
Citrix Systems Inc
CTXS
| $22M | 0.26% |
197,939
-7,485
| -4% | -$828K |
2018 Q1
2 quarters
|
|
82
Sysco
SYY
$38B
| $21.7M | 0.26% |
296,818
+278,767
| +1,544% | +$20.1M |
2018 Q2
1 quarter
|
|
83
Citizens Financial Group
CFG
$27.4B
| $21.7M | 0.26% |
562,945
-34,289
| -6% | -$1.38M |
2017 Q4
3 quarters
|
|
|
TRCO
84
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $21.3M | 0.26% |
555,330
+399,503
| +256% | +$14.4M |
2017 Q1
6 quarters
|
|
85
Intuitive Surgical
ISRG
$154B
| $21M | 0.25% |
109,977
-20,097
| -15% | -$3.57M |
2017 Q2
5 quarters
|
|
86
Texas Instruments
TXN
$277B
| $20.9M | 0.25% |
195,034
+181,134
| +1,303% | +$20.1M |
2018 Q1
2 quarters
|
|
87
Travel + Leisure Co
TNL
$4.74B
| $20.5M | 0.25% |
473,251
+453,852
| +2,340% | +$20.1M |
2017 Q4
3 quarters
|
|
88
L3Harris
LHX
$50.7B
| $20.5M | 0.25% |
121,192
+36,821
| +44% | +$5.86M |
2018 Q1
2 quarters
|
|
89
iShares MSCI EAFE ETF
EFA
$77.3B
| $20.5M | 0.25% |
+301,141
| New | +$20.3M |
2018 Q3
0 quarters
|
|
|
AET
90
DELISTED
Aetna Inc
AET
| $20.4M | 0.24% |
100,538
-2,601
| -3% | -$508K |
2017 Q2
5 quarters
|
|
91
SLB Ltd
SLB
$76.3B
| $20.4M | 0.24% |
+334,134
| New | +$21.5M |
2018 Q3
0 quarters
|
|
92
Intel
INTC
$317B
| $20.2M | 0.24% |
427,431
+60,149
| +16% | +$2.93M |
2018 Q2
1 quarter
|
|
93
Occidental Petroleum
OXY
$58.7B
| $20.1M | 0.24% |
245,063
-236,522
| -49% | -$19.1M |
2018 Q1
2 quarters
|
|
94
Amazon
AMZN
$2.88T
| $20.1M | 0.24% |
200,400
+137,060
| +216% | +$12.9M |
2017 Q2
5 quarters
|
|
95
Nucor
NUE
$56.6B
| $20M | 0.24% |
315,468
+299,168
| +1,835% | +$19.2M |
2015 Q3
12 quarters
|
|
96
Parker-Hannifin
PH
$121B
| $20M | 0.24% |
108,579
+2,345
| +2% | +$403K |
2018 Q1
2 quarters
|
|
|
TFCFA
97
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $20M | 0.24% |
430,692
+401,675
| +1,384% | +$18.4M |
2018 Q2
1 quarter
|
|
|
MXIM
98
DELISTED
Maxim Integrated Products
MXIM
| $19.9M | 0.24% |
353,125
-81,605
| -19% | -$4.92M |
2016 Q2
9 quarters
|
|
99
C.H. Robinson
CHRW
$15.6B
| $19.9M | 0.24% |
203,227
+69,664
| +52% | +$6.54M |
2018 Q1
2 quarters
|
|
100
eBay
EBAY
$53.1B
| $19.9M | 0.24% |
602,538
+142,779
| +31% | +$4.95M |
2017 Q4
3 quarters
|
|
Similar funds
Squarepoint's Q3 2018 Portfolio in Review
As of Q3 2018, Squarepoint held 2,400 positions worth $8.36B, up 11% from $7.55B the previous quarter. Its ten largest holdings account for 9.6% of the portfolio.
Squarepoint deployed $509M of net new capital in Q3 2018, opening 687 new positions and adding to 686 existing holdings. Its largest new stake was VanEck Gold Miners ETF: 4,374,139 shares worth $81M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 19% of assets, up from 17% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was Cigna, an estimated $69.1M trimmed.
- Squarepoint's largest Q3 2018 buy was VanEck Gold Miners ETF: 4,374,139 shares worth $81M.
- Squarepoint added most to iShares Core MSCI Emerging Markets ETF in Q3 2018, an estimated $58.8M increase.
- Squarepoint's biggest Q3 2018 reduction was Cigna, cutting an estimated $69.1M.
- Squarepoint fully exited Vanguard FTSE Emerging Markets ETF in Q3 2018, selling an estimated $79.7M.
- Squarepoint's ten largest holdings make up 9.6% of its $8.36B portfolio in Q3 2018.
- Squarepoint opened 687 new positions and closed 456 in Q3 2018.
- Squarepoint's portfolio value rose 11% quarter-over-quarter to $8.36B.
Based on Squarepoint's 13F filing for Q3 2018, filed 14 Nov 2018.