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 |
Amazon
AMZN
|
+$97.9M |
| 2 |
CELG
Celgene Corp
CELG
|
+$93.9M |
| 3 |
VF Corp
VFC
|
+$71.9M |
| 4 |
Chipotle Mexican Grill
CMG
|
+$69.6M |
| 5 |
State Street Utilities Select Sector SPDR ETF
XLU
|
+$63.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dollar General
DG
|
+$113M |
| 2 |
TJX Companies
TJX
|
+$95.9M |
| 3 |
Yum! Brands
YUM
|
+$87.7M |
| 4 |
Colgate-Palmolive
CL
|
+$69.2M |
| 5 |
Walt Disney
DIS
|
+$68.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 21.12% |
| 2 | Technology | 12.66% |
| 3 | Financials | 11.33% |
| 4 | Healthcare | 10.97% |
| 5 | Miscellaneous | 9.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
76
Cigna
CI
$77.7B
| $28.5M | 0.28% |
180,608
+3,556
| +2% | +$557K |
2019 Q1
1 quarter
|
|
77
iShares MSCI Hong Kong ETF
EWH
$1.29B
| $28.4M | 0.28% |
1,098,813
+727,805
| +196% | +$18.8M |
2017 Q3
7 quarters
|
|
78
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15.3B
| $28.4M | 0.28% |
488,407
-165,306
| -25% | -$9.46M |
2018 Q3
3 quarters
|
|
79
Tractor Supply
TSCO
$18.9B
| $28.3M | 0.28% |
1,301,800
+253,710
| +24% | +$5.24M |
2018 Q2
4 quarters
|
|
80
State Street
STT
$47.1B
| $27.8M | 0.27% |
495,351
+299,229
| +153% | +$18.6M |
2017 Q2
8 quarters
|
|
81
Archer Daniels Midland
ADM
$33.9B
| $27.6M | 0.27% |
675,973
-136,345
| -17% | -$5.65M |
2018 Q1
5 quarters
|
|
82
Norfolk Southern
NSC
$75B
| $27.2M | 0.26% |
+136,377
| New | +$27.1M |
2019 Q2
0 quarters
|
|
83
Bank of New York Mellon
BNY
$102B
| $26.8M | 0.26% |
606,631
+567,578
| +1,453% | +$26.7M |
2019 Q1
1 quarter
|
|
84
Trane Technologies
TT
$91.6B
| $26.5M | 0.26% |
208,965
+164,586
| +371% | +$19.7M |
2018 Q3
3 quarters
|
|
85
GoDaddy
GDDY
$13.8B
| $26.4M | 0.26% |
376,101
-163,930
| -30% | -$12.4M |
2018 Q2
4 quarters
|
|
86
Johnson & Johnson
JNJ
$693B
| $26.2M | 0.26% |
188,407
-40,664
| -18% | -$5.63M |
2017 Q3
7 quarters
|
|
|
87
Colgate-Palmolive
CL
$79.1B
| $26.2M | 0.26% |
365,582
-975,459
| -73% | -$69.2M |
2016 Q4
10 quarters
|
|
88
SPDR Gold Trust
GLD
$130B
| $25.9M | 0.25% |
194,548
-2,604
| -1% | -$322K |
2018 Q1
5 quarters
|
|
|
AGN
89
DELISTED
Allergan plc
AGN
| $25.5M | 0.25% |
152,217
+108,231
| +246% | +$15M |
2017 Q2
8 quarters
|
|
90
VeriSign
VRSN
$28.2B
| $25.5M | 0.25% |
121,695
+431
| +0.4% | +$84.6K |
2018 Q4
2 quarters
|
|
91
Edwards Lifesciences
EW
$61.7B
| $25.4M | 0.25% |
+412,491
| New | +$24.9M |
2019 Q2
0 quarters
|
|
92
iShares Russell 2000 ETF
IWM
$76.7B
| $24.9M | 0.24% |
160,139
+155,202
| +3,144% | +$23.9M |
2018 Q2
4 quarters
|
|
93
iShares MSCI South Korea ETF
EWY
$20.6B
| $24.8M | 0.24% |
415,026
-593,295
| -59% | -$35.2M |
2019 Q1
1 quarter
|
|
94
iShares Core S&P 500 ETF
IVV
$871B
| $24.8M | 0.24% |
+83,995
| New | +$24.3M |
2019 Q2
0 quarters
|
|
95
Gilead Sciences
GILD
$209B
| $24.7M | 0.24% |
365,458
-247,995
| -40% | -$16.3M |
2018 Q4
2 quarters
|
|
96
The Kraft Heinz Company
KHC
$29.5B
| $24.4M | 0.24% |
+786,411
| New | +$24.8M |
2019 Q2
0 quarters
|
|
97
DELISTED
Discover Financial Services
DFS
| $24.4M | 0.24% |
314,062
+221,311
| +239% | +$17.1M |
2018 Q4
2 quarters
|
|
98
Medtronic
MDT
$132B
| $24.3M | 0.24% |
249,389
-333,894
| -57% | -$30.5M |
2018 Q2
4 quarters
|
|
99
Jack in the Box
JACK
$283M
| $23.4M | 0.23% |
286,932
+69,592
| +32% | +$5.62M |
2019 Q1
1 quarter
|
|
100
iShares MSCI Emerging Markets ETF
EEM
$28B
| $23.3M | 0.23% |
543,818
+505,119
| +1,305% | +$21.4M |
2019 Q1
1 quarter
|
|
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Squarepoint's Q2 2019 Portfolio in Review
As of Q2 2019, Squarepoint held 2,856 positions worth $10.3B, up 8.7% from $9.44B the previous quarter. Its ten largest holdings account for 9.3% of the portfolio.
Squarepoint deployed $560M of net new capital in Q2 2019, opening 753 new positions and adding to 869 existing holdings. Its largest new stake was Celgene Corp: 988,338 shares worth $91.4M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 21% of assets, up from 18% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was Dollar General, an estimated $113M trimmed.
- Squarepoint's largest Q2 2019 buy was Celgene Corp: 988,338 shares worth $91.4M.
- Squarepoint added most to Amazon in Q2 2019, an estimated $97.9M increase.
- Squarepoint's biggest Q2 2019 reduction was Dollar General, cutting an estimated $113M.
- Squarepoint fully exited iShares MSCI India ETF in Q2 2019, selling an estimated $55.7M.
- Squarepoint's ten largest holdings make up 9.3% of its $10.3B portfolio in Q2 2019.
- Squarepoint opened 753 new positions and closed 531 in Q2 2019.
- Squarepoint's portfolio value rose 8.7% quarter-over-quarter to $10.3B.
Based on Squarepoint's 13F filing for Q2 2019, filed 14 Aug 2019.