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 | |
|---|---|---|---|---|---|---|---|
1101
Huron Consulting
HURN
$2.64B
| $327K | 0.01% |
+6,465
| New | +$345K |
2016 Q4
0 quarters
|
|
1102
Alaunos Therapeutics
TCRT
$4.12M
| $327K | 0.01% |
+408
| New | +$368K |
2016 Q4
0 quarters
|
|
1103
3D Systems Corp
DDD
$274M
| $326K | 0.01% |
24,497
+6,819
| +39% | +$100K |
2016 Q3
1 quarter
|
|
|
ELLI
1104
DELISTED
Ellie Mae Inc
ELLI
| $326K | 0.01% |
3,900
-900
| -19% | -$83K |
2016 Q2
2 quarters
|
|
|
ATHN
1105
DELISTED
Athenahealth, Inc.
ATHN
| $326K | 0.01% |
+3,100
| New | +$333K |
2016 Q4
0 quarters
|
|
1106
DELISTED
Avanos Medical
AVNS
| $325K | 0.01% |
+8,794
| New | +$314K |
2016 Q4
0 quarters
|
|
1107
Editas Medicine
EDIT
$330M
| $325K | 0.01% |
+20,026
| New | +$304K |
2016 Q4
0 quarters
|
|
1108
BlackRock MuniHoldings California Quality Fund
MUC
$1.24B
| $325K | 0.01% |
+23,100
| New | +$336K |
2016 Q4
0 quarters
|
|
1109
Axon Enterprise
AXON
$25B
| $324K | 0.01% |
+13,363
| New | +$330K |
2016 Q4
0 quarters
|
|
1110
Novavax
NVAX
$1.45B
| $324K | 0.01% |
+12,869
| New | +$375K |
2016 Q4
0 quarters
|
|
|
AIMC
1111
DELISTED
Altra Industrial Motion Corp
AIMC
| $323K | 0.01% |
+8,750
| New | +$291K |
2016 Q4
0 quarters
|
|
|
FCH
1112
DELISTED
Felcor Lodging Trust
FCH
| $323K | 0.01% |
40,378
+17,835
| +79% | +$126K |
2016 Q3
1 quarter
|
|
1113
Hope Bancorp
HOPE
$1.67B
| $322K | 0.01% |
+14,710
| New | +$278K |
2016 Q4
0 quarters
|
|
1114
DELISTED
Sage Therapeutics
SAGE
| $322K | 0.01% |
+6,300
| New | +$297K |
2016 Q4
0 quarters
|
|
1115
Invesco Municipal Opportunity Trust
VMO
$601M
| $322K | 0.01% |
+25,250
| New | +$329K |
2016 Q4
0 quarters
|
|
1116
DELISTED
2U Inc
TWOU
| $321K | 0.01% |
355
+85
| +31% | +$86.6K |
2016 Q3
1 quarter
|
|
1117
DELISTED
Amplify Snack Brands, Inc.
BETR
| $321K | 0.01% |
+36,487
| New | +$442K |
2016 Q4
0 quarters
|
|
1118
PIMCO Municipal Income Fund II
PML
$844M
| $320K | 0.01% |
+26,200
| New | +$328K |
2016 Q4
0 quarters
|
|
1119
TriNet
TNET
$2.99B
| $320K | 0.01% |
+12,496
| New | +$283K |
2016 Q4
0 quarters
|
|
1120
First Interstate BancSystem
FIBK
$3.49B
| $319K | 0.01% |
+7,500
| New | +$272K |
2016 Q4
0 quarters
|
|
1121
Jefferies Financial Group
JEF
$10.6B
| $319K | 0.01% |
15,321
-52,627
| -77% | -$983K |
2015 Q4
4 quarters
|
|
1122
TPG Mortgage Investment Trust
MITT
$133M
| $317K | 0.01% |
+6,167
| New | +$305K |
2016 Q4
0 quarters
|
|
1123
AMC Entertainment Holdings
AMC
$2.98B
| $316K | 0.01% |
+940
| New | +$309K |
2016 Q4
0 quarters
|
|
1124
Sysco
SYY
$37.5B
| $316K | 0.01% |
5,715
-89,233
| -94% | -$4.63M |
2015 Q3
5 quarters
|
|
1125
Unisys
UIS
$209M
| $315K | 0.01% |
+21,041
| New | +$267K |
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.