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 MSCI Taiwan ETF
EWT
|
+$89.9M |
| 2 |
VanEck Gold Miners ETF
GDX
|
+$71.9M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$69M |
| 4 |
iShares China Large-Cap ETF
FXI
|
+$66M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$58.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$33M |
| 2 |
Altria Group
MO
|
+$32.4M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
+$26.5M |
| 4 |
CVS Health
CVS
|
+$24.7M |
| 5 |
Medtronic
MDT
|
+$22.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 17.23% |
| 2 | Technology | 14.6% |
| 3 | Healthcare | 11.36% |
| 4 | Industrials | 11.26% |
| 5 | Consumer Discretionary | 10.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1026
Barrick Mining
B
$66.8B
| $421K | 0.01% |
26,434
-386,568
| -94% | -$6.62M |
2016 Q1
5 quarters
|
|
1027
Universal Corp
UVV
$982M
| $420K | 0.01% |
6,498
-14,218
| -69% | -$987K |
2017 Q1
1 quarter
|
|
|
TTPH
1028
DELISTED
Tetraphase Pharmaceuticals, Inc.
TTPH
| $411K | 0.01% |
2,883
+2,269
| +370% | +$351K |
2016 Q4
2 quarters
|
|
|
RUTH
1029
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $409K | 0.01% |
18,798
-1,059
| -5% | -$22.3K |
2016 Q4
2 quarters
|
|
|
BKS
1030
DELISTED
Barnes & Noble
BKS
| $409K | 0.01% |
53,799
+41,759
| +347% | +$327K |
2015 Q3
7 quarters
|
|
1031
Coeur Mining
CDE
$15.8B
| $407K | 0.01% |
47,430
-66,214
| -58% | -$602K |
2016 Q2
4 quarters
|
|
1032
Axcelis
ACLS
$3.06B
| $405K | 0.01% |
+19,324
| New | +$408K |
2017 Q2
0 quarters
|
|
1033
International Flavors & Fragrances
IFF
$20.7B
| $405K | 0.01% |
+3,000
| New | +$407K |
2017 Q2
0 quarters
|
|
1034
MBIA
MBI
$236M
| $405K | 0.01% |
42,924
-1,171
| -3% | -$10K |
2016 Q4
2 quarters
|
|
1035
TotalEnergies
TTE
$193B
| $399K | 0.01% |
8,056
-3,260
| -29% | -$168K |
2016 Q3
3 quarters
|
|
1036
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $399K | 0.01% |
+3,560
| New | +$402K |
2017 Q2
0 quarters
|
|
1037
Apollo Commercial Real Estate
ARI
$298M
| $398K | 0.01% |
21,434
+1,034
| +5% | +$19.4K |
2016 Q4
2 quarters
|
|
1038
Interface
TILE
$1.78B
| $398K | 0.01% |
+20,275
| New | +$398K |
2017 Q2
0 quarters
|
|
|
EBIX
1039
DELISTED
Ebix Inc
EBIX
| $397K | 0.01% |
+7,374
| New | +$425K |
2017 Q2
0 quarters
|
|
1040
Lincoln Electric
LECO
$14.9B
| $396K | 0.01% |
4,302
-25,940
| -86% | -$2.33M |
2017 Q1
1 quarter
|
|
1041
Callaway Golf Company
CALY
$3B
| $395K | 0.01% |
30,871
-56,950
| -65% | -$699K |
2016 Q3
3 quarters
|
|
1042
QuidelOrtho
QDEL
$734M
| $393K | 0.01% |
+14,483
| New | +$359K |
2017 Q2
0 quarters
|
|
1043
Empire State Realty Trust
ESRT
$894M
| $391K | 0.01% |
18,822
+5,321
| +39% | +$112K |
2017 Q1
1 quarter
|
|
|
UBA
1044
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $387K | 0.01% |
+19,538
| New | +$385K |
2017 Q2
0 quarters
|
|
1045
PTC Therapeutics
PTCT
$5.47B
| $386K | 0.01% |
+21,049
| New | +$284K |
2017 Q2
0 quarters
|
|
1046
MasTec
MTZ
$14B
| $384K | 0.01% |
+8,500
| New | +$368K |
2017 Q2
0 quarters
|
|
1047
National Presto Industries
NPK
$1.02B
| $384K | 0.01% |
3,474
+109
| +3% | +$11.5K |
2017 Q1
1 quarter
|
|
1048
Insmed
INSM
$25.1B
| $383K | 0.01% |
+22,343
| New | +$382K |
2017 Q2
0 quarters
|
|
1049
SunCoke Energy
SXC
$832M
| $381K | 0.01% |
34,938
-31,823
| -48% | -$291K |
2015 Q4
6 quarters
|
|
|
GBNK
1050
DELISTED
Guaranty Bancorp
GBNK
| $381K | 0.01% |
+14,000
| New | +$354K |
2017 Q2
0 quarters
|
|
Similar funds
Squarepoint's Q2 2017 Portfolio in Review
As of Q2 2017, Squarepoint held 2,064 positions worth $5.08B, up 40% from $3.63B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Squarepoint deployed $1.39B of net new capital in Q2 2017, opening 586 new positions and adding to 519 existing holdings. Its largest new stake was iShares MSCI Taiwan ETF: 2,618,387 shares worth $93.6M.
By sector, the portfolio is most concentrated in Miscellaneous at 17% of assets, up from 15% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, an estimated $33M trimmed.
- Squarepoint's largest Q2 2017 buy was iShares MSCI Taiwan ETF: 2,618,387 shares worth $93.6M.
- Squarepoint added most to VanEck Gold Miners ETF in Q2 2017, an estimated $71.9M increase.
- Squarepoint's biggest Q2 2017 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $33M.
- Squarepoint fully exited iShares MSCI EAFE ETF in Q2 2017, selling an estimated $26.5M.
- Squarepoint's ten largest holdings make up 16% of its $5.08B portfolio in Q2 2017.
- Squarepoint opened 586 new positions and closed 568 in Q2 2017.
- Squarepoint's portfolio value rose 40% quarter-over-quarter to $5.08B.
Based on Squarepoint's 13F filing for Q2 2017, filed 14 Aug 2017.