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 |
CSX Corp
CSX
|
+$99.5M |
| 2 |
Sherwin-Williams
SHW
|
+$80.5M |
| 3 |
GE Aerospace
GE
|
+$78.7M |
| 4 |
Royal Caribbean
RCL
|
+$78.5M |
| 5 |
Workday
WDAY
|
+$74M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Snap
SNAP
|
+$170M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$128M |
| 3 |
Zoom
ZM
|
+$120M |
| 4 |
Citigroup
C
|
+$111M |
| 5 |
Apple
AAPL
|
+$101M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 42.69% |
| 2 | Consumer Discretionary | 12.52% |
| 3 | Technology | 10.84% |
| 4 | Industrials | 6.37% |
| 5 | Healthcare | 6.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
76
SPDR Gold Trust
GLD
$130B
| $41.2M | 0.23% |
244,397
-69,410
| -22% | -$12.1M |
2021 Q3
3 quarters
|
|
77
CALL
Pfizer
PFE
$163B
| $40.4M | 0.23% |
771,400
+34,300
| +5% | +$1.75M |
2020 Q2
8 quarters
|
|
78
Norwegian Cruise Line
NCLH
$8.29B
| $40M | 0.22% |
3,598,735
+2,115,720
| +143% | +$35.5M |
2021 Q4
2 quarters
|
|
79
Elevance Health
ELV
$91.8B
| $40M | 0.22% |
+82,886
| New | +$41M |
2022 Q2
0 quarters
|
|
80
Arista Networks
ANET
$249B
| $39.8M | 0.22% |
1,699,760
+523,692
| +45% | +$14.4M |
2020 Q2
8 quarters
|
|
|
COUP
81
DELISTED
Coupa Software Incorporated
COUP
| $39.8M | 0.22% |
697,471
+410,166
| +143% | +$31.6M |
2020 Q4
6 quarters
|
|
82
General Dynamics
GD
$97.9B
| $39.8M | 0.22% |
179,698
+164,266
| +1,064% | +$37.8M |
2021 Q2
4 quarters
|
|
83
PUT
Enphase Energy
ENPH
$3.4B
| $39.7M | 0.22% |
203,100
-52,300
| -20% | -$9.45M |
2021 Q1
5 quarters
|
|
84
Amazon
AMZN
$2.88T
| $39.6M | 0.22% |
372,501
-258,179
| -41% | -$32.3M |
2017 Q2
20 quarters
|
|
85
CALL
Palo Alto Networks
PANW
$260B
| $39.4M | 0.22% |
478,200
-446,400
| -48% | -$39.6M |
2021 Q1
5 quarters
|
|
86
PUT
ON Semiconductor
ON
$27B
| $39.2M | 0.22% |
779,800
| – | – |
2021 Q1
5 quarters
|
|
87
Cheniere Energy
LNG
$62.8B
| $39.2M | 0.22% |
294,424
+100,682
| +52% | +$13.7M |
2021 Q4
2 quarters
|
|
88
DELISTED
Pioneer Natural Resource Co.
PXD
| $39M | 0.22% |
174,727
+90,868
| +108% | +$23.1M |
2020 Q1
9 quarters
|
|
89
Live Nation Entertainment
LYV
$42.5B
| $38.8M | 0.22% |
470,288
-56,633
| -11% | -$5.45M |
2020 Q4
6 quarters
|
|
90
Zillow
Z
$6.6B
| $38.7M | 0.22% |
1,220,064
-1,427,199
| -54% | -$57.3M |
2020 Q2
8 quarters
|
|
|
91
CALL
ON Semiconductor
ON
$27B
| $38.7M | 0.22% |
769,200
| – | – |
2021 Q1
5 quarters
|
|
92
Humana
HUM
$52.9B
| $38.6M | 0.21% |
82,542
+2,156
| +3% | +$959K |
2016 Q1
25 quarters
|
|
93
CALL
Lyft
LYFT
$6.38B
| $38.6M | 0.21% |
2,906,900
+2,482,800
| +585% | +$57.9M |
2020 Q4
6 quarters
|
|
94
Procter & Gamble
PG
$395B
| $38.5M | 0.21% |
267,824
+137,135
| +105% | +$20.6M |
2017 Q4
18 quarters
|
|
95
PUT
Salesforce
CRM
$178B
| $38.3M | 0.21% |
232,000
-24,800
| -10% | -$4.38M |
2020 Q2
8 quarters
|
|
96
Pultegroup
PHM
$23.4B
| $38.2M | 0.21% |
964,114
+148,901
| +18% | +$6.27M |
2019 Q3
11 quarters
|
|
|
97
CALL
Zoom
ZM
$28.5B
| $37.8M | 0.21% |
+350,000
| New | +$36.9M |
2022 Q2
0 quarters
|
|
98
Applied Materials
AMAT
$282B
| $37.8M | 0.21% |
415,155
+227,237
| +121% | +$24.9M |
2015 Q3
27 quarters
|
|
99
State Street Materials Select Sector SPDR ETF
XLB
$8.41B
| $37.7M | 0.21% |
+1,024,490
| New | +$42.9M |
2022 Q2
0 quarters
|
|
100
Atlassian
TEAM
$38B
| $37.6M | 0.21% |
200,804
+63,153
| +46% | +$13.5M |
2019 Q4
10 quarters
|
|
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Squarepoint's Q2 2022 Portfolio in Review
As of Q2 2022, Squarepoint held 3,640 positions worth $18B, down 23% from $23.4B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Squarepoint's Q2 2022 filing shows 900 new, 972 increased, 837 reduced and 830 closed positions. Its largest new stake was McDonald's: 266,402 shares worth $65.8M. The largest sale was Snap, an estimated $170M.
By sector, the portfolio is most concentrated in Miscellaneous at 43% of assets, down from 46% a quarter earlier, followed by Consumer Discretionary and Technology.
- Squarepoint's largest Q2 2022 buy was McDonald's: 266,402 shares worth $65.8M.
- Squarepoint added most to CSX Corp in Q2 2022, an estimated $99.5M increase.
- Squarepoint's biggest Q2 2022 reduction was Snap, cutting an estimated $170M.
- Squarepoint fully exited Invesco QQQ Trust in Q2 2022, selling an estimated $128M.
- Squarepoint's ten largest holdings make up 12% of its $18B portfolio in Q2 2022.
- Squarepoint opened 900 new positions and closed 830 in Q2 2022.
- Squarepoint's portfolio value fell 23% quarter-over-quarter to $18B.
Based on Squarepoint's 13F filing for Q2 2022, filed 15 Aug 2022.