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 | |
|---|---|---|---|---|---|---|---|
1026
Future Fuel
FF
$124M
| $363K | 0.01% |
+26,141
| New | +$338K |
2016 Q4
0 quarters
|
|
1027
DELISTED
Olympic Steel
ZEUS
| $363K | 0.01% |
+15,000
| New | +$354K |
2016 Q4
0 quarters
|
|
|
CNCE
1028
DELISTED
Concert Pharmaceuticals, Inc.
CNCE
| $363K | 0.01% |
+35,325
| New | +$323K |
2016 Q4
0 quarters
|
|
1029
Altimmune
ALT
$313M
| $362K | 0.01% |
371
+329
| +783% | +$295K |
2016 Q3
1 quarter
|
|
1030
DELISTED
Atkore
ATKR
| $362K | 0.01% |
+15,159
| New | +$312K |
2016 Q4
0 quarters
|
|
|
SPNC
1031
DELISTED
Spectranetics Corp
SPNC
| $362K | 0.01% |
+14,777
| New | +$348K |
2016 Q4
0 quarters
|
|
1032
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $361K | 0.01% |
+21,800
| New | +$372K |
2016 Q4
0 quarters
|
|
|
RP
1033
DELISTED
RealPage, Inc.
RP
| $361K | 0.01% |
+12,022
| New | +$336K |
2016 Q4
0 quarters
|
|
|
TIF
1034
DELISTED
Tiffany & Co.
TIF
| $361K | 0.01% |
4,668
-7,838
| -63% | -$604K |
2015 Q3
5 quarters
|
|
|
BWLD
1035
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $361K | 0.01% |
+2,341
| New | +$364K |
2016 Q4
0 quarters
|
|
1036
DELISTED
Nimble Storage, Inc.
NMBL
| $361K | 0.01% |
45,630
+31,438
| +222% | +$256K |
2016 Q3
1 quarter
|
|
1037
Capitol Federal Financial
CFFN
$1.04B
| $360K | 0.01% |
+21,861
| New | +$336K |
2016 Q4
0 quarters
|
|
|
AMCC
1038
DELISTED
Applied Micro Circuits Corporation New
AMCC
| $359K | 0.01% |
+43,534
| New | +$330K |
2016 Q4
0 quarters
|
|
1039
Entegris
ENTG
$23.4B
| $358K | 0.01% |
+20,009
| New | +$347K |
2016 Q4
0 quarters
|
|
1040
Kennametal
KMT
$1.87B
| $358K | 0.01% |
11,468
-3,296
| -22% | -$104K |
2016 Q3
1 quarter
|
|
|
BNFT
1041
DELISTED
Benefitfocus, Inc.
BNFT
| $357K | 0.01% |
+12,015
| New | +$383K |
2016 Q4
0 quarters
|
|
1042
DELISTED
Allete
ALE
| $356K | 0.01% |
5,551
-1,069
| -16% | -$65.3K |
2016 Q2
2 quarters
|
|
1043
Central Garden & Pet Co Class A
CENTA
$2.53B
| $356K | 0.01% |
+14,384
| New | +$311K |
2016 Q4
0 quarters
|
|
1044
JPMorgan Chase
JPM
$910B
| $356K | 0.01% |
+4,123
| New | +$314K |
2016 Q4
0 quarters
|
|
1045
Omeros
OMER
$1.3B
| $356K | 0.01% |
+35,845
| New | +$366K |
2016 Q4
0 quarters
|
|
|
HIFR
1046
DELISTED
InfraREIT, Inc.
HIFR
| $356K | 0.01% |
19,898
+3,332
| +20% | +$57K |
2016 Q3
1 quarter
|
|
|
SYNT
1047
DELISTED
Syntel Inc
SYNT
| $356K | 0.01% |
+17,996
| New | +$387K |
2016 Q4
0 quarters
|
|
1048
Vipshop
VIPS
$6.15B
| $354K | 0.01% |
+32,170
| New | +$416K |
2016 Q4
0 quarters
|
|
1049
Acco Brands
ACCO
$494M
| $353K | 0.01% |
+27,043
| New | +$316K |
2016 Q4
0 quarters
|
|
1050
Equinix
EQIX
$106B
| $353K | 0.01% |
+988
| New | +$345K |
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.