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 MIDCAP 400 ETF Trust
MDY
|
+$223M |
| 2 |
CVS Health
CVS
|
+$18.9M |
| 3 |
American International
AIG
|
+$16.3M |
| 4 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$13.4M |
| 5 |
TJX Companies
TJX
|
+$12.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chubb
CB
|
+$12.6M |
| 2 |
Crown Castle
CCI
|
+$7.91M |
| 3 |
Eli Lilly
LLY
|
+$7.58M |
| 4 |
RTX Corp
RTX
|
+$7.28M |
| 5 |
Deere & Co
DE
|
+$7.24M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 22.16% |
| 2 | Consumer Discretionary | 11.77% |
| 3 | Financials | 11.5% |
| 4 | Healthcare | 9.84% |
| 5 | Technology | 9.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1101
Brandywine Realty Trust
BDN
$514M
| – | – |
-26,000
| Closed | -$365K | – |
|
1102
BHP
BHP
$199B
| – | – |
-62,004
| Closed | -$1.43M | – |
|
1103
Braemar Hotels & Resorts
BHR
$102M
| – | – |
-10,807
| Closed | -$125K | – |
|
1104
Biogen
BIIB
$36.8B
| – | – |
-7,461
| Closed | -$1.94M | – |
|
1105
Bio-Rad Laboratories Class A
BIO
$10B
| – | – |
-5,169
| Closed | -$707K | – |
|
1106
BJ's Restaurants
BJRI
$1.29B
| – | – |
-9,696
| Closed | -$403K | – |
|
1107
DELISTED
bluebird bio
BLUE
| – | – |
-1,312
| Closed | -$723K | – |
|
1108
Box
BOX
$5.9B
| – | – |
-10,300
| Closed | -$126K | – |
|
1109
Broadridge
BR
$20.7B
| – | – |
-20,810
| Closed | -$1.24M | – |
|
1110
Brixmor Property Group
BRX
$9.03B
| – | – |
-57,900
| Closed | -$1.48M | – |
|
1111
Citigroup
C
$203B
| – | – |
-53,764
| Closed | -$2.24M | – |
|
1112
Credit Acceptance
CACC
$4.87B
| – | – |
-2,200
| Closed | -$399K | – |
|
1113
Conagra Brands
CAG
$6.88B
| – | – |
-20,888
| Closed | -$725K | – |
|
1114
Caterpillar
CAT
$287B
| – | – |
-65,783
| Closed | -$5.04M | – |
|
1115
Cato Corp
CATO
$46.4M
| – | – |
-8,798
| Closed | -$339K | – |
|
|
1116
Chubb
CB
$140B
| – | – |
-105,706
| Closed | -$12.6M | – |
|
1117
Cboe Global Markets
CBOE
$35.9B
| – | – |
-14,543
| Closed | -$950K | – |
|
1118
Ciena
CIEN
$42.6B
| – | – |
-27,477
| Closed | -$523K | – |
|
1119
Chimera Investment
CIM
$694M
| – | – |
-4,367
| Closed | -$178K | – |
|
1120
Cincinnati Financial
CINF
$28.3B
| – | – |
-6,711
| Closed | -$439K | – |
|
1121
Cleveland-Cliffs
CLF
$8.07B
| – | – |
-44,400
| Closed | -$133K | – |
|
1122
Clean Energy Fuels
CLNE
$344M
| – | – |
-60,800
| Closed | -$178K | – |
|
1123
Commercial Metals
CMC
$7.32B
| – | – |
-237,063
| Closed | -$4.02M | – |
|
1124
Comcast
CMCSA
$84.1B
| – | – |
-141,482
| Closed | -$4.32M | – |
|
1125
CME Group
CME
$109B
| – | – |
-9,812
| Closed | -$942K | – |
|
Similar funds
Squarepoint's Q2 2016 Portfolio in Review
As of Q2 2016, Squarepoint held 1,549 positions worth $1.6B, up 24% from $1.29B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Squarepoint deployed $307M of net new capital in Q2 2016, opening 435 new positions and adding to 314 existing holdings. Its largest new stake was State Street SPDR S&P MIDCAP 400 ETF Trust: 833,964 shares worth $227M.
By sector, the portfolio is most concentrated in Miscellaneous at 22% of assets, up from 2.8% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Crown Castle, an estimated $7.91M trimmed.
- Squarepoint's largest Q2 2016 buy was State Street SPDR S&P MIDCAP 400 ETF Trust: 833,964 shares worth $227M.
- Squarepoint added most to CVS Health in Q2 2016, an estimated $18.9M increase.
- Squarepoint's biggest Q2 2016 reduction was Crown Castle, cutting an estimated $7.91M.
- Squarepoint fully exited Chubb in Q2 2016, selling an estimated $12.6M.
- Squarepoint's ten largest holdings make up 23% of its $1.6B portfolio in Q2 2016.
- Squarepoint opened 435 new positions and closed 482 in Q2 2016.
- Squarepoint's portfolio value rose 24% quarter-over-quarter to $1.6B.
Based on Squarepoint's 13F filing for Q2 2016, filed 15 Aug 2016.