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 | |
|---|---|---|---|---|---|---|---|
1126
DELISTED
iRobot
IRBT
| – | – |
-7,789
| Closed | -$273K | – |
|
1127
Itron
ITRI
$4.38B
| – | – |
-9,907
| Closed | -$427K | – |
|
1128
Illinois Tool Works
ITW
$81.5B
| – | – |
-42,035
| Closed | -$4.38M | – |
|
1129
Jazz Pharmaceuticals
JAZZ
$15.6B
| – | – |
-17,000
| Closed | -$2.4M | – |
|
1130
Jack Henry & Associates
JKHY
$12B
| – | – |
-8,599
| Closed | -$750K | – |
|
1131
Jones Lang LaSalle
JLL
$17.4B
| – | – |
-8,170
| Closed | -$796K | – |
|
1132
DELISTED
Juniper Networks
JNPR
| – | – |
-62,225
| Closed | -$1.4M | – |
|
1133
DELISTED
Nordstrom
JWN
| – | – |
-55,754
| Closed | -$2.12M | – |
|
1134
Kaiser Aluminum
KALU
$1.82B
| – | – |
-2,226
| Closed | -$201K | – |
|
1135
Korn Ferry
KFY
$4.2B
| – | – |
-14,746
| Closed | -$305K | – |
|
1136
Kinross Gold
KGC
$26.9B
| – | – |
-298,960
| Closed | -$1.46M | – |
|
1137
CarMax
KMX
$7.68B
| – | – |
-32,325
| Closed | -$1.58M | – |
|
1138
Coca-Cola
KO
$413B
| – | – |
-246,462
| Closed | -$11.2M | – |
|
1139
Kroger
KR
$40.2B
| – | – |
-76,126
| Closed | -$2.8M | – |
|
1140
Kearny Financial
KRNY
$585M
| – | – |
-14,800
| Closed | -$186K | – |
|
1141
DELISTED
Kennedy-Wilson Holdings
KW
| – | – |
-29,886
| Closed | -$567K | – |
|
1142
Standard BioTools
LAB
$274M
| – | – |
-13,400
| Closed | -$121K | – |
|
1143
Lamar Advertising Co
LAMR
$16.1B
| – | – |
-12,633
| Closed | -$838K | – |
|
1144
Liberty Global Class A
LBTYA
$3.32B
| – | – |
-16,195
| Closed | -$471K | – |
|
1145
Lear
LEA
$5.34B
| – | – |
-9,582
| Closed | -$975K | – |
|
1146
LivaNova
LIVN
$5.1B
| – | – |
-57,413
| Closed | -$2.88M | – |
|
1147
Cheniere Energy
LNG
$58.2B
| – | – |
-5,700
| Closed | -$214K | – |
|
1148
DELISTED
LivePerson
LPSN
| – | – |
-1,267
| Closed | -$121K | – |
|
1149
Lightbridge
LTBR
$188M
| – | – |
-305
| Closed | -$8K | – |
|
1150
LTC Properties
LTC
$2.53B
| – | – |
-5,238
| Closed | -$271K | – |
|
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.