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 | |
|---|---|---|---|---|---|---|---|
1126
PJT Partners
PJT
$3.82B
| $314K | 0.01% |
+10,167
| New | +$292K |
2016 Q4
0 quarters
|
|
1127
Ring Energy
REI
$313M
| $314K | 0.01% |
+24,188
| New | +$280K |
2016 Q4
0 quarters
|
|
|
BID
1128
DELISTED
Sotheby's
BID
| $314K | 0.01% |
7,869
-7,711
| -49% | -$292K |
2015 Q4
4 quarters
|
|
1129
First Hawaiian
FHB
$3B
| $313K | 0.01% |
+9,000
| New | +$268K |
2016 Q4
0 quarters
|
|
1130
Gen Digital
GEN
$17.6B
| $313K | 0.01% |
13,111
-91,906
| -88% | -$2.26M |
2016 Q3
1 quarter
|
|
1131
Stride
LRN
$3.17B
| $313K | 0.01% |
+18,232
| New | +$264K |
2016 Q4
0 quarters
|
|
|
KNL
1132
DELISTED
Knoll, Inc.
KNL
| $313K | 0.01% |
+11,195
| New | +$274K |
2016 Q4
0 quarters
|
|
1133
DELISTED
H&E Equipment Services
HEES
| $312K | 0.01% |
+13,405
| New | +$246K |
2016 Q4
0 quarters
|
|
1134
Visteon
VC
$1.95B
| $312K | 0.01% |
3,886
+686
| +21% | +$51.5K |
2016 Q2
2 quarters
|
|
|
MSGN
1135
DELISTED
MSG Networks Inc.
MSGN
| $312K | 0.01% |
+14,520
| New | +$289K |
2016 Q4
0 quarters
|
|
|
LM
1136
DELISTED
Legg Mason, Inc.
LM
| $311K | 0.01% |
10,395
-6,521
| -39% | -$205K |
2016 Q2
2 quarters
|
|
1137
DELISTED
Usg
USG
| $311K | 0.01% |
10,756
-4,444
| -29% | -$122K |
2015 Q4
4 quarters
|
|
1138
JB Hunt Transport Services
JBHT
$21.2B
| $310K | 0.01% |
3,194
-3,099
| -49% | -$276K |
2016 Q3
1 quarter
|
|
1139
Crocs
CROX
$7.17B
| $309K | 0.01% |
45,012
+28,738
| +177% | +$223K |
2016 Q3
1 quarter
|
|
|
KERX
1140
DELISTED
Keryx Biopharmaceuticals Inc
KERX
| $309K | 0.01% |
+52,738
| New | +$288K |
2016 Q4
0 quarters
|
|
1141
Enterprise Financial Services Corp
EFSC
$2.23B
| $308K | 0.01% |
+7,168
| New | +$262K |
2016 Q4
0 quarters
|
|
|
SNR
1142
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $307K | 0.01% |
+31,400
| New | +$317K |
2016 Q4
0 quarters
|
|
|
AVP
1143
DELISTED
Avon Products, Inc.
AVP
| $307K | 0.01% |
+60,933
| New | +$354K |
2016 Q4
0 quarters
|
|
|
TVPT
1144
DELISTED
Travelport Worldwide Limited
TVPT
| $307K | 0.01% |
21,782
+2,023
| +10% | +$28.2K |
2016 Q3
1 quarter
|
|
1145
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $306K | 0.01% |
20,270
+9,407
| +87% | +$133K |
2016 Q3
1 quarter
|
|
1146
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $306K | 0.01% |
4,644
+144
| +3% | +$9.03K |
2016 Q1
3 quarters
|
|
|
SCMP
1147
DELISTED
Sucampo Pharmaceuticals, Inc.
SCMP
| $303K | 0.01% |
+22,337
| New | +$312K |
2016 Q4
0 quarters
|
|
1148
Federal Agricultural Mortgage
AGM
$1.9B
| $302K | 0.01% |
+5,269
| New | +$257K |
2016 Q4
0 quarters
|
|
1149
Costamare
CMRE
$1.6B
| $302K | 0.01% |
+53,900
| New | +$357K |
2016 Q4
0 quarters
|
|
1150
Tilly's
TLYS
$131M
| $302K | 0.01% |
+22,928
| New | +$255K |
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.