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 | |
|---|---|---|---|---|---|---|---|
1051
CubeSmart
CUBE
$10.1B
| – | – |
-90,632
| Closed | -$2.8M | – |
|
1052
Customers Bancorp
CUBI
$2.89B
| – | – |
-14,912
| Closed | -$375K | – |
|
1053
Cousins Properties
CUZ
$4.96B
| – | – |
-5,527
| Closed | -$162K | – |
|
1054
Commercial Vehicle Group
CVGI
$131M
| – | – |
-19,200
| Closed | -$100K | – |
|
1055
Civeo
CVEO
$367M
| – | – |
-6,842
| Closed | -$148K | – |
|
1056
Commault Systems
CVLT
$6.8B
| – | – |
-5,735
| Closed | -$248K | – |
|
1057
Community Health Systems
CYH
$319M
| – | – |
-68,622
| Closed | -$827K | – |
|
1058
Caesars Entertainment
CZR
$5.97B
| – | – |
-22,290
| Closed | -$339K | – |
|
1059
Deere & Co
DE
$186B
| – | – |
-3,720
| Closed | -$301K | – |
|
1060
Douglas Emmett
DEI
$1.74B
| – | – |
-14,668
| Closed | -$521K | – |
|
1061
Diversified Healthcare Trust
DHC
$1.78B
| – | – |
-25,990
| Closed | -$541K | – |
|
1062
Walt Disney
DIS
$206B
| – | – |
-7,473
| Closed | -$731K | – |
|
1063
Delek US
DK
$3.98B
| – | – |
-12,100
| Closed | -$160K | – |
|
1064
Dolby
DLB
$6.07B
| – | – |
-5,830
| Closed | -$279K | – |
|
1065
Digital Realty Trust
DLR
$68.1B
| – | – |
-11,905
| Closed | -$1.3M | – |
|
1066
Deluxe
DLX
$1.19B
| – | – |
-3,131
| Closed | -$208K | – |
|
1067
Healthpeak Properties
DOC
$14.2B
| – | – |
-53,209
| Closed | -$1.72M | – |
|
1068
Dover
DOV
$28.3B
| – | – |
-4,449
| Closed | -$249K | – |
|
1069
DexCom
DXCM
$30.2B
| – | – |
-12,800
| Closed | -$254K | – |
|
1070
Emergent Biosolutions
EBS
$314M
| – | – |
-57,959
| Closed | -$1.63M | – |
|
1071
Editas Medicine
EDIT
$422M
| – | – |
-15,400
| Closed | -$376K | – |
|
1072
Euronet Worldwide
EEFT
$2.61B
| – | – |
-27,534
| Closed | -$1.9M | – |
|
1073
Emerson Electric
EMR
$94.6B
| – | – |
-23,347
| Closed | -$1.22M | – |
|
1074
Enphase Energy
ENPH
$3.85B
| – | – |
-31,500
| Closed | -$63K | – |
|
1075
The Ensign Group
ENSG
$10.6B
| – | – |
-15,340
| Closed | -$301K | – |
|
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.