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 China Large-Cap ETF
FXI
|
+$40.5M |
| 2 |
S&P Global
SPGI
|
+$30.2M |
| 3 |
Medtronic
MDT
|
+$25.3M |
| 4 |
iShares MSCI Japan ETF
EWJ
|
+$23.2M |
| 5 |
Northrop Grumman
NOC
|
+$20.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$63.7M |
| 2 |
Conagra Brands
CAG
|
+$20.3M |
| 3 |
VanEck Gold Miners ETF
GDX
|
+$20M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$18.2M |
| 5 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$15.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 13.74% |
| 2 | Healthcare | 12.91% |
| 3 | Technology | 11.18% |
| 4 | Consumer Discretionary | 11.04% |
| 5 | Industrials | 10.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
MXIM
976
DELISTED
Maxim Integrated Products
MXIM
| $390K | 0.02% |
10,108
-6,206
| -38% | -$243K |
2016 Q2
2 quarters
|
|
|
NPTN
977
DELISTED
NEOPHOTONICS CORP
NPTN
| $389K | 0.02% |
+36,000
| New | +$480K |
2016 Q4
0 quarters
|
|
978
Criteo S.A.
CRTO
$858M
| $388K | 0.02% |
9,445
| – | – |
2015 Q1
7 quarters
|
|
979
DELISTED
BlackRock MuniYield Fund
MYD
| $387K | 0.02% |
+27,400
| New | +$396K |
2016 Q4
0 quarters
|
|
980
Orthofix Medical
OFIX
$283M
| $386K | 0.02% |
+10,657
| New | +$405K |
2016 Q4
0 quarters
|
|
981
Titan International
TWI
$333M
| $386K | 0.02% |
+34,439
| New | +$377K |
2016 Q4
0 quarters
|
|
982
DELISTED
Verint Systems
VRNT
| $385K | 0.02% |
+21,458
| New | +$399K |
2016 Q4
0 quarters
|
|
|
PRAH
983
DELISTED
PRA Health Sciences, Inc.
PRAH
| $385K | 0.02% |
6,981
-6,922
| -50% | -$380K |
2016 Q1
3 quarters
|
|
984
DELISTED
Navigant Consulting, Inc.
NCI
| $384K | 0.02% |
+14,665
| New | +$347K |
2016 Q4
0 quarters
|
|
985
Atlantic Union Bankshares
AUB
$5.53B
| $382K | 0.02% |
+10,677
| New | +$336K |
2016 Q4
0 quarters
|
|
986
DELISTED
Calavo Growers
CVGW
| $382K | 0.02% |
6,229
+2,174
| +54% | +$132K |
2016 Q3
1 quarter
|
|
987
First Busey Corp
BUSE
$2.32B
| $381K | 0.02% |
+12,376
| New | +$322K |
2016 Q4
0 quarters
|
|
988
The GEO Group
GEO
$4.24B
| $381K | 0.02% |
+15,897
| New | +$309K |
2016 Q4
0 quarters
|
|
989
LyondellBasell Industries
LYB
$20.6B
| $381K | 0.02% |
+4,443
| New | +$373K |
2016 Q4
0 quarters
|
|
990
OraSure Technologies
OSUR
$250M
| $381K | 0.02% |
+43,349
| New | +$358K |
2016 Q4
0 quarters
|
|
991
Illumina
ILMN
$31.7B
| $380K | 0.02% |
+3,050
| New | +$411K |
2016 Q4
0 quarters
|
|
992
ING
ING
$93.7B
| $380K | 0.02% |
26,918
-98,347
| -79% | -$1.33M |
2016 Q3
1 quarter
|
|
993
OR Royalties Inc
OR
$6.52B
| $380K | 0.02% |
+39,120
| New | +$388K |
2016 Q4
0 quarters
|
|
994
Atlanta Braves Holdings Series B
BATRK
$3.38B
| $379K | 0.02% |
+18,427
| New | +$343K |
2016 Q4
0 quarters
|
|
995
PBF Energy
PBF
$8.41B
| $378K | 0.02% |
+13,548
| New | +$330K |
2016 Q4
0 quarters
|
|
|
AFSI
996
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $378K | 0.02% |
+13,800
| New | +$367K |
2016 Q4
0 quarters
|
|
997
Vera Bradley
VRA
$217M
| $377K | 0.02% |
+32,133
| New | +$442K |
2016 Q4
0 quarters
|
|
|
SHOR
998
DELISTED
ShoreTel, Inc.
SHOR
| $377K | 0.02% |
52,782
+12,547
| +31% | +$89.8K |
2016 Q3
1 quarter
|
|
999
Gray Television
GTN
$598M
| $376K | 0.02% |
+34,680
| New | +$340K |
2016 Q4
0 quarters
|
|
1000
Upbound Group
UPBD
$1.39B
| $376K | 0.02% |
+33,382
| New | +$372K |
2016 Q4
0 quarters
|
|
Similar funds
Squarepoint's Q4 2016 Portfolio in Review
As of Q4 2016, Squarepoint held 2,060 positions worth $2.44B, up 62% from $1.51B the previous quarter. Its ten largest holdings account for 9.6% of the portfolio.
Squarepoint deployed $913M of net new capital in Q4 2016, opening 1,079 new positions and adding to 424 existing holdings. Its largest new stake was S&P Global: 252,484 shares worth $27.2M.
By sector, the portfolio is most concentrated in Miscellaneous at 14% of assets, down from 19% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was Conagra Brands, an estimated $20.3M trimmed.
- Squarepoint's largest Q4 2016 buy was S&P Global: 252,484 shares worth $27.2M.
- Squarepoint added most to iShares China Large-Cap ETF in Q4 2016, an estimated $40.5M increase.
- Squarepoint's biggest Q4 2016 reduction was Conagra Brands, cutting an estimated $20.3M.
- Squarepoint fully exited State Street SPDR S&P 500 ETF Trust in Q4 2016, selling an estimated $63.7M.
- Squarepoint's ten largest holdings make up 9.6% of its $2.44B portfolio in Q4 2016.
- Squarepoint opened 1,079 new positions and closed 329 in Q4 2016.
- Squarepoint's portfolio value rose 62% quarter-over-quarter to $2.44B.
Based on Squarepoint's 13F filing for Q4 2016, filed 14 Feb 2017.