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 MSCI Taiwan ETF
EWT
|
+$89.9M |
| 2 |
VanEck Gold Miners ETF
GDX
|
+$71.9M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$69M |
| 4 |
iShares China Large-Cap ETF
FXI
|
+$66M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$58.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$33M |
| 2 |
Altria Group
MO
|
+$32.4M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
+$26.5M |
| 4 |
CVS Health
CVS
|
+$24.7M |
| 5 |
Medtronic
MDT
|
+$22.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 17.23% |
| 2 | Technology | 14.6% |
| 3 | Healthcare | 11.36% |
| 4 | Industrials | 11.26% |
| 5 | Consumer Discretionary | 10.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1101
Casella Waste Systems
CWST
$6.25B
| $331K | 0.01% |
20,150
+7,759
| +63% | +$115K |
2016 Q4
2 quarters
|
|
1102
NorthWestern Energy
NWE
$5.09B
| $330K | 0.01% |
5,403
-14,605
| -73% | -$891K |
2016 Q3
3 quarters
|
|
1103
RingCentral
RNG
$6.02B
| $330K | 0.01% |
+9,037
| New | +$299K |
2017 Q2
0 quarters
|
|
|
IMPV
1104
DELISTED
Imperva, Inc.
IMPV
| $330K | 0.01% |
6,900
+1,035
| +18% | +$48.3K |
2016 Q3
3 quarters
|
|
|
AF
1105
DELISTED
Astoria Financial Corporation
AF
| $329K | 0.01% |
16,330
-2,698
| -14% | -$53.5K |
2017 Q1
1 quarter
|
|
1106
Gibraltar Industries
ROCK
$965M
| $327K | 0.01% |
+9,185
| New | +$324K |
2017 Q2
0 quarters
|
|
|
DF
1107
DELISTED
Dean Foods Company
DF
| $327K | 0.01% |
19,243
-4,265
| -18% | -$80K |
2017 Q1
1 quarter
|
|
|
BBOX
1108
DELISTED
Black Box Corp
BBOX
| $327K | 0.01% |
38,263
+26,699
| +231% | +$235K |
2017 Q1
1 quarter
|
|
1109
Baozun
BZUN
$200M
| $326K | 0.01% |
+14,700
| New | +$279K |
2017 Q2
0 quarters
|
|
1110
Greif
GEF
$4.12B
| $325K | 0.01% |
+5,818
| New | +$329K |
2017 Q2
0 quarters
|
|
|
XBKS
1111
DELISTED
Xenith Bankshares, Inc. Common Stock
XBKS
| $325K | 0.01% |
+10,464
| New | +$299K |
2017 Q2
0 quarters
|
|
1112
Wheaton Precious Metals
WPM
$61.9B
| $324K | 0.01% |
16,294
-142,025
| -90% | -$2.9M |
2016 Q4
2 quarters
|
|
1113
FirstCash
FCFS
$7.96B
| $323K | 0.01% |
+5,545
| New | +$294K |
2017 Q2
0 quarters
|
|
1114
DELISTED
TopBuild
BLD
| $321K | 0.01% |
+6,056
| New | +$310K |
2017 Q2
0 quarters
|
|
1115
Cavco Industries
CVCO
$4.87B
| $320K | 0.01% |
+2,470
| New | +$295K |
2017 Q2
0 quarters
|
|
1116
DELISTED
Calavo Growers
CVGW
| $320K | 0.01% |
+4,628
| New | +$311K |
2017 Q2
0 quarters
|
|
1117
Primerica
PRI
$8.82B
| $320K | 0.01% |
+4,229
| New | +$332K |
2017 Q2
0 quarters
|
|
1118
DELISTED
Blackhawk Network Holdings, Inc. Common Stock
HAWK
| $320K | 0.01% |
7,332
-6,114
| -45% | -$255K |
2017 Q1
1 quarter
|
|
|
CUDA
1119
DELISTED
Barracuda Networks, Inc.
CUDA
| $319K | 0.01% |
13,846
-22,556
| -62% | -$497K |
2016 Q4
2 quarters
|
|
1120
DELISTED
SP Plus Corporation
SP
| $317K | 0.01% |
10,367
+3,770
| +57% | +$117K |
2017 Q1
1 quarter
|
|
|
ARGO
1121
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $317K | 0.01% |
+6,013
| New | +$331K |
2017 Q2
0 quarters
|
|
|
EBSB
1122
DELISTED
Meridian Bancorp, Inc.
EBSB
| $317K | 0.01% |
+18,740
| New | +$323K |
2017 Q2
0 quarters
|
|
1123
Glacier Bancorp
GBCI
$6.27B
| $311K | 0.01% |
+8,486
| New | +$290K |
2017 Q2
0 quarters
|
|
1124
Moody's
MCO
$87.2B
| $307K | 0.01% |
2,525
-7,466
| -75% | -$874K |
2016 Q4
2 quarters
|
|
1125
US Foods
USFD
$22.9B
| $307K | 0.01% |
11,288
-12,014
| -52% | -$342K |
2017 Q1
1 quarter
|
|
Similar funds
Squarepoint's Q2 2017 Portfolio in Review
As of Q2 2017, Squarepoint held 2,064 positions worth $5.08B, up 40% from $3.63B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Squarepoint deployed $1.39B of net new capital in Q2 2017, opening 586 new positions and adding to 519 existing holdings. Its largest new stake was iShares MSCI Taiwan ETF: 2,618,387 shares worth $93.6M.
By sector, the portfolio is most concentrated in Miscellaneous at 17% of assets, up from 15% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, an estimated $33M trimmed.
- Squarepoint's largest Q2 2017 buy was iShares MSCI Taiwan ETF: 2,618,387 shares worth $93.6M.
- Squarepoint added most to VanEck Gold Miners ETF in Q2 2017, an estimated $71.9M increase.
- Squarepoint's biggest Q2 2017 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $33M.
- Squarepoint fully exited iShares MSCI EAFE ETF in Q2 2017, selling an estimated $26.5M.
- Squarepoint's ten largest holdings make up 16% of its $5.08B portfolio in Q2 2017.
- Squarepoint opened 586 new positions and closed 568 in Q2 2017.
- Squarepoint's portfolio value rose 40% quarter-over-quarter to $5.08B.
Based on Squarepoint's 13F filing for Q2 2017, filed 14 Aug 2017.