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 | |
|---|---|---|---|---|---|---|---|
1001
Digital Turbine
APPS
$1.38B
| – | – |
-32,900
| Closed | -$35K | – |
|
1002
Aptiv
APTV
$8.08B
| – | – |
-9,598
| Closed | -$601K | – |
|
1003
Antero Resources
AR
$11.2B
| – | – |
-25,000
| Closed | -$650K | – |
|
1004
Aramark
ARMK
$14.4B
| – | – |
-12,881
| Closed | -$311K | – |
|
1005
Astronics
ATRO
$2.54B
| – | – |
-13,018
| Closed | -$273K | – |
|
1006
DELISTED
AvalonBay Communities
AVB
| – | – |
-4,769
| Closed | -$860K | – |
|
1007
Armstrong World Industries
AWI
$7.49B
| – | – |
-7,700
| Closed | -$301K | – |
|
1008
AXIS Capital
AXS
$7.64B
| – | – |
-4,683
| Closed | -$258K | – |
|
1009
Boeing
BA
$137B
| – | – |
-5,669
| Closed | -$736K | – |
|
1010
Booz Allen Hamilton
BAH
$10.3B
| – | – |
-12,400
| Closed | -$368K | – |
|
1011
Best Buy
BBY
$22.3B
| – | – |
-58,784
| Closed | -$1.8M | – |
|
1012
Bread Financial
BFH
$3.74B
| – | – |
-5,206
| Closed | -$814K | – |
|
1013
Biglari Holdings Class B
BH
$1.19B
| – | – |
-1,043
| Closed | -$280K | – |
|
1014
Booking.com
BKNG
$122B
| – | – |
-54,925
| Closed | -$2.74M | – |
|
1015
Bankunited
BKU
$3.15B
| – | – |
-24,785
| Closed | -$761K | – |
|
1016
Popular Inc
BPOP
$9.9B
| – | – |
-30,200
| Closed | -$885K | – |
|
1017
Brady Corp
BRC
$3.61B
| – | – |
-8,276
| Closed | -$253K | – |
|
1018
Bruker
BRKR
$10.2B
| – | – |
-15,500
| Closed | -$352K | – |
|
1019
Burlington
BURL
$16.2B
| – | – |
-37,765
| Closed | -$2.52M | – |
|
1020
BWX Technologies
BWXT
$11.7B
| – | – |
-14,690
| Closed | -$525K | – |
|
1021
Boston Properties
BXP
$10.6B
| – | – |
-16,086
| Closed | -$2.12M | – |
|
1022
CACI
CACI
$14.1B
| – | – |
-13,111
| Closed | -$1.18M | – |
|
1023
Cal-Maine
CALM
$3.22B
| – | – |
-18,802
| Closed | -$833K | – |
|
1024
Coca-Cola Europacific Partners
CCEP
$51.6B
| – | – |
-11,064
| Closed | -$395K | – |
|
1025
Carnival Corporation Ltd
CCL
$41.4B
| – | – |
-16,739
| Closed | -$740K | – |
|
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.