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 | |
|---|---|---|---|---|---|---|---|
1076
Entegris
ENTG
$21.4B
| – | – |
-12,383
| Closed | -$179K | – |
|
1077
Entergy
ETR
$53.4B
| – | – |
-88,750
| Closed | -$3.61M | – |
|
1078
DELISTED
Everi Holdings
EVRI
| – | – |
-75,600
| Closed | -$87K | – |
|
1079
Edwards Lifesciences
EW
$60.2B
| – | – |
-110,427
| Closed | -$3.67M | – |
|
1080
East-West Bancorp
EWBC
$17.9B
| – | – |
-25,970
| Closed | -$888K | – |
|
1081
DELISTED
Exact Sciences
EXAS
| – | – |
-38,743
| Closed | -$475K | – |
|
1082
Exelon
EXC
$47.2B
| – | – |
-80,284
| Closed | -$2.08M | – |
|
1083
Extra Space Storage
EXR
$33.4B
| – | – |
-21,471
| Closed | -$1.99M | – |
|
1084
Ford
F
$50B
| – | – |
-146,725
| Closed | -$1.84M | – |
|
1085
First Bancorp
FBP
$3.94B
| – | – |
-14,896
| Closed | -$59K | – |
|
1086
FTI Consulting
FCN
$5.29B
| – | – |
-6,649
| Closed | -$270K | – |
|
1087
Del Monte Corp
DMC
$1.32B
| – | – |
-5,400
| Closed | -$294K | – |
|
1088
FIVE9
FIVN
$2.16B
| – | – |
-24,087
| Closed | -$287K | – |
|
1089
DELISTED
Foot Locker
FL
| – | – |
-55,160
| Closed | -$3.03M | – |
|
1090
First Solar
FSLR
$20.6B
| – | – |
-9,799
| Closed | -$475K | – |
|
1091
Fulton Financial
FULT
$4.57B
| – | – |
-22,628
| Closed | -$305K | – |
|
1092
USA Today Co
TDAY
$1.02B
| – | – |
-25,728
| Closed | -$465K | – |
|
|
1093
General Dynamics
GD
$97.8B
| – | – |
-103,511
| Closed | -$14.4M | – |
|
1094
GE Aerospace
GE
$348B
| – | – |
-12,808
| Closed | -$1.93M | – |
|
1095
General Motors
GM
$76.1B
| – | – |
-54,720
| Closed | -$1.55M | – |
|
1096
GameStop
GME
$12.9B
| – | – |
-103,444
| Closed | -$687K | – |
|
1097
DELISTED
Golden Ocean Group
GOGL
| – | – |
-5,600
| Closed | -$19K | – |
|
1098
Alphabet (Google) Class C
GOOG
$3.52T
| – | – |
-76,640
| Closed | -$2.65M | – |
|
1099
Group 1 Automotive
GPI
$3.21B
| – | – |
-7,592
| Closed | -$375K | – |
|
1100
FerroAtlántica
GSM
$491M
| – | – |
-205,125
| Closed | -$1.77M | – |
|
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.