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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$63.7M |
| 2 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$28.6M |
| 3 |
VanEck Gold Miners ETF
GDX
|
+$21.7M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$21.4M |
| 5 |
Conagra Brands
CAG
|
+$19.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$228M |
| 2 |
American International
AIG
|
+$18M |
| 3 |
EMC CORPORATION
EMC
|
+$14.6M |
| 4 |
General Dynamics
GD
|
+$14.4M |
| 5 |
PepsiCo
PEP
|
+$12.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 19.37% |
| 2 | Technology | 11.95% |
| 3 | Healthcare | 11.5% |
| 4 | Industrials | 10.87% |
| 5 | Consumer Discretionary | 10.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
976
Altimmune
ALT
$412M
| $37K | ﹤0.01% |
+42
| New | +$32.9K |
2016 Q3
0 quarters
|
|
|
MOBL
977
DELISTED
MobileIron, Inc.
MOBL
| $33K | ﹤0.01% |
+12,000
| New | +$37.1K |
2016 Q3
0 quarters
|
|
|
INFI
978
DELISTED
Infinity Pharmaceuticals, Inc.
INFI
| $29K | ﹤0.01% |
18,500
-25,190
| -58% | -$38.7K |
2015 Q4
3 quarters
|
|
979
Hovnanian Enterprises
HOV
$628M
| $27K | ﹤0.01% |
+643
| New | +$28.4K |
2016 Q3
0 quarters
|
|
980
Oragenics
OGEN
$1.6M
| $6K | ﹤0.01% |
+1
| New | +$12K |
2016 Q3
0 quarters
|
|
981
Applied Optoelectronics
AAOI
$4.73B
| – | – |
-26,100
| Closed | -$291K | – |
|
982
ABM Industries
ABM
$3.15B
| – | – |
-5,513
| Closed | -$201K | – |
|
983
Acadia Pharmaceuticals
ACAD
$2.85B
| – | – |
-73,600
| Closed | -$2.39M | – |
|
984
Accenture
ACN
$150B
| – | – |
-8,683
| Closed | -$984K | – |
|
985
Acacia Research
ACTG
$418M
| – | – |
-17,500
| Closed | -$77K | – |
|
986
Adeia
ADEA
$1.8B
| – | – |
-40,317
| Closed | -$327K | – |
|
987
Analog Devices
ADI
$191B
| – | – |
-38,865
| Closed | -$2.2M | – |
|
988
DELISTED
Affimed
AFMD
| – | – |
-1,760
| Closed | -$44K | – |
|
989
AGCO
AGCO
$8.03B
| – | – |
-13,609
| Closed | -$641K | – |
|
990
Assured Guaranty
AGO
$3.24B
| – | – |
-20,964
| Closed | -$532K | – |
|
991
Applied Industrial Technologies
AIT
$10.9B
| – | – |
-5,222
| Closed | -$236K | – |
|
992
Aimco
AIV
$222M
| – | – |
-86,801
| Closed | -$511K | – |
|
993
Assurant
AIZ
$15.6B
| – | – |
-26,798
| Closed | -$2.31M | – |
|
|
ALEX
994
DELISTED
Alexander & Baldwin
ALEX
| – | – |
-8,206
| Closed | -$297K | – |
|
995
Allison Transmission
ALSN
$10.2B
| – | – |
-36,997
| Closed | -$1.04M | – |
|
996
Advanced Micro Devices
AMD
$834B
| – | – |
-186,671
| Closed | -$959K | – |
|
997
DELISTED
Amedisys
AMED
| – | – |
-7,056
| Closed | -$356K | – |
|
998
Anika Therapeutics
ANIK
$195M
| – | – |
-3,955
| Closed | -$212K | – |
|
999
APA Corp
APA
$15B
| – | – |
-5,800
| Closed | -$323K | – |
|
1000
Apple Hospitality REIT
APLE
$4.65B
| – | – |
-11,838
| Closed | -$223K | – |
|
Similar funds
Squarepoint's Q3 2016 Portfolio in Review
As of Q3 2016, Squarepoint held 1,524 positions worth $1.51B, down 6% from $1.6B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Squarepoint withdrew a net $125M in Q3 2016, closing 544 positions and reducing 270 holdings. Its most notable exit was EMC CORPORATION, an estimated $14.6M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 19% of assets, down from 22% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Squarepoint opened a new position in State Street SPDR S&P 500 ETF Trust worth $63.7M.
- Squarepoint's largest Q3 2016 buy was State Street SPDR S&P 500 ETF Trust: 294,609 shares worth $63.7M.
- Squarepoint added most to Bristol-Myers Squibb in Q3 2016, an estimated $21.4M increase.
- Squarepoint's biggest Q3 2016 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $228M.
- Squarepoint fully exited EMC CORPORATION in Q3 2016, selling an estimated $14.6M.
- Squarepoint's ten largest holdings make up 15% of its $1.51B portfolio in Q3 2016.
- Squarepoint opened 456 new positions and closed 544 in Q3 2016.
- Squarepoint's portfolio value fell 6% quarter-over-quarter to $1.51B.
Based on Squarepoint's 13F filing for Q3 2016, filed 15 Nov 2016.