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 | |
|---|---|---|---|---|---|---|---|
1101
Goodyear
GT
$1.2B
| – | – |
-52,436
| Closed | -$1.35M | – |
|
1102
Guidewire Software
GWRE
$13.3B
| – | – |
-31,226
| Closed | -$1.93M | – |
|
1103
W.W. Grainger
GWW
$67.8B
| – | – |
-4,232
| Closed | -$962K | – |
|
1104
DELISTED
Hanesbrands
HBI
| – | – |
-144,885
| Closed | -$3.64M | – |
|
1105
Harvard Bioscience
HBIO
$41.4M
| – | – |
-1,120
| Closed | -$32K | – |
|
1106
HEICO Corp
HEI
$47.9B
| – | – |
-29,658
| Closed | -$812K | – |
|
1107
HEICO Corp Class A
HEI.A
$35.7B
| – | – |
-28,398
| Closed | -$624K | – |
|
1108
Howard Hughes
HHH
$5.11B
| – | – |
-3,519
| Closed | -$384K | – |
|
1109
Harte-Hanks
HHS
$29.8M
| – | – |
-3,930
| Closed | -$62K | – |
|
1110
Herbalife
HLF
$1.65B
| – | – |
-17,026
| Closed | -$498K | – |
|
1111
Harmonic Inc
HLIT
$1.11B
| – | – |
-16,700
| Closed | -$48K | – |
|
1112
HNI Corp
HNI
$3.6B
| – | – |
-6,324
| Closed | -$294K | – |
|
1113
Home BancShares
HOMB
$6.06B
| – | – |
-16,793
| Closed | -$332K | – |
|
1114
Healthcare Realty
HR
$6.55B
| – | – |
-10,000
| Closed | -$323K | – |
|
1115
H&R Block
HRB
$6.24B
| – | – |
-130,776
| Closed | -$3.01M | – |
|
1116
HUB Group
HUBG
$1.51B
| – | – |
-12,064
| Closed | -$231K | – |
|
1117
Idexx Laboratories
IDXX
$55.7B
| – | – |
-2,389
| Closed | -$222K | – |
|
1118
International Flavors & Fragrances
IFF
$21.1B
| – | – |
-5,444
| Closed | -$686K | – |
|
1119
iShares Core S&P Mid-Cap ETF
IJH
$125B
| – | – |
-137,015
| Closed | -$4.09M | – |
|
1120
Immersion
IMMR
$230M
| – | – |
-11,218
| Closed | -$82K | – |
|
1121
Inseego
INSG
$78M
| – | – |
-1,760
| Closed | -$27K | – |
|
1122
Innospec
IOSP
$1.98B
| – | – |
-4,452
| Closed | -$205K | – |
|
1123
Interparfums
IPAR
$4.36B
| – | – |
-11,400
| Closed | -$326K | – |
|
1124
IPG Photonics
IPGP
$3B
| – | – |
-9,533
| Closed | -$762K | – |
|
1125
Intrepid Potash
IPI
$445M
| – | – |
-11,320
| Closed | -$163K | – |
|
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.