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 | |
|---|---|---|---|---|---|---|---|
1026
Crown Holdings
CCK
$13.3B
| – | – |
-11,513
| Closed | -$583K | – |
|
1027
DELISTED
Cross Country Healthcare
CCRN
| – | – |
-11,596
| Closed | -$161K | – |
|
1028
CDW
CDW
$20.5B
| – | – |
-6,300
| Closed | -$253K | – |
|
1029
Celanese
CE
$5.35B
| – | – |
-3,600
| Closed | -$236K | – |
|
1030
Central Garden & Pet Co Class A
CENTA
$2.6B
| – | – |
-19,046
| Closed | -$331K | – |
|
1031
Century Aluminum
CENX
$3.63B
| – | – |
-21,836
| Closed | -$138K | – |
|
1032
CF Industries
CF
$17.4B
| – | – |
-37,090
| Closed | -$894K | – |
|
1033
Capitol Federal Financial
CFFN
$1.06B
| – | – |
-18,123
| Closed | -$253K | – |
|
1034
Charter Communications
CHTR
$13.9B
| – | – |
-8,733
| Closed | -$2M | – |
|
1035
DELISTED
Civitas Resources
CIVI
| – | – |
-850
| Closed | -$191K | – |
|
1036
Colgate-Palmolive
CL
$77.9B
| – | – |
-28,313
| Closed | -$2.07M | – |
|
1037
Cimpress
CMPR
$1.36B
| – | – |
-17,497
| Closed | -$1.62M | – |
|
1038
Comtech Telecommunications
CMTL
$33.8M
| – | – |
-22,979
| Closed | -$295K | – |
|
1039
Centene
CNC
$33.9B
| – | – |
-23,428
| Closed | -$836K | – |
|
1040
Capital One
COF
$119B
| – | – |
-112,811
| Closed | -$7.16M | – |
|
1041
Costco
COST
$472B
| – | – |
-6,034
| Closed | -$948K | – |
|
1042
Canadian Pacific Kansas City
CP
$81.8B
| – | – |
-43,000
| Closed | -$1.11M | – |
|
1043
Chesapeake Utilities
CPK
$3.56B
| – | – |
-3,254
| Closed | -$215K | – |
|
1044
Copart
CPRT
$30.1B
| – | – |
-32,816
| Closed | -$201K | – |
|
1045
DELISTED
Catalyst Pharmaceutical
CPRX
| – | – |
-41,400
| Closed | -$29K | – |
|
1046
Carter's
CRI
$1.27B
| – | – |
-9,566
| Closed | -$1.02M | – |
|
1047
CorMedix
CRMD
$426M
| – | – |
-9,160
| Closed | -$91K | – |
|
1048
DELISTED
CSG Systems International
CSGS
| – | – |
-7,259
| Closed | -$293K | – |
|
1049
Constellium
CSTM
$3.06B
| – | – |
-33,200
| Closed | -$156K | – |
|
1050
CSX Corp
CSX
$93.5B
| – | – |
-113,460
| Closed | -$986K | – |
|
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.