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 | |
|---|---|---|---|---|---|---|---|
1076
Gentherm
THRM
$1.57B
| $338K | 0.01% |
+9,979
| New | +$311K |
2016 Q4
0 quarters
|
|
1077
DELISTED
TrueCar
TRUE
| $338K | 0.01% |
27,072
+2,972
| +12% | +$33.5K |
2016 Q3
1 quarter
|
|
1078
DELISTED
General Cable Corporation
BGC
| $338K | 0.01% |
+17,732
| New | +$299K |
2016 Q4
0 quarters
|
|
|
LSI
1079
DELISTED
Life Storage, Inc.
LSI
| $337K | 0.01% |
+5,921
| New | +$328K |
2016 Q4
0 quarters
|
|
1080
DELISTED
Inovalon Holdings, Inc. Class A Common Stock
INOV
| $337K | 0.01% |
32,701
+19,801
| +153% | +$270K |
2016 Q3
1 quarter
|
|
|
ANH
1081
DELISTED
Anworth Mortgage Asset Corporation
ANH
| $337K | 0.01% |
+65,200
| New | +$329K |
2016 Q4
0 quarters
|
|
|
BKS
1082
DELISTED
Barnes & Noble
BKS
| $337K | 0.01% |
30,214
-5,200
| -15% | -$59.6K |
2015 Q3
5 quarters
|
|
1083
Credicorp
BAP
$29B
| $336K | 0.01% |
2,129
-3,332
| -61% | -$510K |
2016 Q3
1 quarter
|
|
|
PACW
1084
DELISTED
PacWest Bancorp
PACW
| $336K | 0.01% |
+6,168
| New | +$298K |
2016 Q4
0 quarters
|
|
1085
Brink's
BCO
$4.82B
| $333K | 0.01% |
8,082
-4,929
| -38% | -$198K |
2016 Q3
1 quarter
|
|
1086
TripAdvisor
TRIP
$854M
| $333K | 0.01% |
+7,186
| New | +$395K |
2016 Q4
0 quarters
|
|
1087
BlackRock Core Bond Trust
BHK
$602M
| $332K | 0.01% |
+25,550
| New | +$338K |
2016 Q4
0 quarters
|
|
1088
Valvoline
VVV
$4.44B
| $332K | 0.01% |
+15,435
| New | +$327K |
2016 Q4
0 quarters
|
|
1089
AH Realty Trust
AHRT
$468M
| $331K | 0.01% |
+22,700
| New | +$315K |
2016 Q4
0 quarters
|
|
1090
Casella Waste Systems
CWST
$6.38B
| $331K | 0.01% |
+26,678
| New | +$313K |
2016 Q4
0 quarters
|
|
|
BOJA
1091
DELISTED
Bojangles', Inc. Common Stock
BOJA
| $331K | 0.01% |
+17,765
| New | +$310K |
2016 Q4
0 quarters
|
|
1092
Duluth Holdings
DLTH
$148M
| $330K | 0.01% |
+12,977
| New | +$376K |
2016 Q4
0 quarters
|
|
1093
PENN Entertainment
PENN
$2.35B
| $330K | 0.01% |
23,943
+10,843
| +83% | +$148K |
2016 Q3
1 quarter
|
|
1094
DELISTED
Sandy Spring Bancorp Inc
SASR
| $330K | 0.01% |
+8,253
| New | +$286K |
2016 Q4
0 quarters
|
|
1095
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $330K | 0.01% |
+17,068
| New | +$312K |
2016 Q4
0 quarters
|
|
|
IDTI
1096
DELISTED
Integrated Device Technology I
IDTI
| $330K | 0.01% |
14,018
-38,083
| -73% | -$878K |
2016 Q1
3 quarters
|
|
1097
Rithm Capital
RITM
$5.03B
| $329K | 0.01% |
+20,911
| New | +$309K |
2016 Q4
0 quarters
|
|
1098
Ubiquiti
UI
$41.3B
| $329K | 0.01% |
5,700
+1,100
| +24% | +$60K |
2016 Q2
2 quarters
|
|
|
CONE
1099
DELISTED
CyrusOne Inc Common Stock
CONE
| $329K | 0.01% |
7,362
+2,062
| +39% | +$91.4K |
2016 Q1
3 quarters
|
|
|
FRTA
1100
DELISTED
Forterra, Inc
FRTA
| $329K | 0.01% |
+15,174
| New | +$287K |
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.