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 MIDCAP 400 ETF Trust
MDY
|
+$223M |
| 2 |
CVS Health
CVS
|
+$18.9M |
| 3 |
American International
AIG
|
+$16.3M |
| 4 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$13.4M |
| 5 |
TJX Companies
TJX
|
+$12.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chubb
CB
|
+$12.6M |
| 2 |
Crown Castle
CCI
|
+$7.91M |
| 3 |
Eli Lilly
LLY
|
+$7.58M |
| 4 |
RTX Corp
RTX
|
+$7.28M |
| 5 |
Deere & Co
DE
|
+$7.24M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 22.16% |
| 2 | Consumer Discretionary | 11.77% |
| 3 | Financials | 11.5% |
| 4 | Healthcare | 9.84% |
| 5 | Technology | 9.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1151
3D Systems Corp
DDD
$454M
| – | – |
-44,602
| Closed | -$690K | – |
|
1152
Quest Diagnostics
DGX
$27.3B
| – | – |
-23,671
| Closed | -$1.69M | – |
|
1153
D.R. Horton
DHI
$39.4B
| – | – |
-51,293
| Closed | -$1.55M | – |
|
1154
DHI Group
DHX
$213M
| – | – |
-12,971
| Closed | -$105K | – |
|
1155
HF Sinclair
DINO
$19.4B
| – | – |
-52,641
| Closed | -$1.86M | – |
|
1156
Dollar Tree
DLTR
$25.2B
| – | – |
-3,596
| Closed | -$297K | – |
|
1157
Dorman Products
DORM
$4.01B
| – | – |
-5,444
| Closed | -$296K | – |
|
1158
Domino's
DPZ
$10.6B
| – | – |
-3,613
| Closed | -$476K | – |
|
1159
Diamondrock Hospitality Co
DRH
$2.97B
| – | – |
-55,700
| Closed | -$564K | – |
|
1160
Devon Energy
DVN
$52.4B
| – | – |
-54,252
| Closed | -$1.49M | – |
|
1161
Ecolab
ECL
$85.5B
| – | – |
-4,409
| Closed | -$492K | – |
|
1162
Equifax
EFX
$22.1B
| – | – |
-9,940
| Closed | -$1.14M | – |
|
1163
EastGroup Properties
EGP
$10.8B
| – | – |
-6,900
| Closed | -$417K | – |
|
1164
Edison International
EIX
$22.9B
| – | – |
-9,750
| Closed | -$701K | – |
|
1165
Energizer
ENR
$1.65B
| – | – |
-29,687
| Closed | -$1.2M | – |
|
1166
Enanta Pharmaceuticals
ENTA
$302M
| – | – |
-8,000
| Closed | -$235K | – |
|
1167
Edgewell Personal Care
EPC
$1.29B
| – | – |
-16,364
| Closed | -$1.32M | – |
|
1168
Equinix
EQIX
$100B
| – | – |
-1,560
| Closed | -$516K | – |
|
1169
Vivmark Residential
VMRK
$48B
| – | – |
-11,294
| Closed | -$847K | – |
|
1170
Erie Indemnity
ERIE
$14.1B
| – | – |
-2,800
| Closed | -$260K | – |
|
1171
Element Solutions
ESI
$8.55B
| – | – |
-60,429
| Closed | -$520K | – |
|
1172
DELISTED
Esperion Therapeutics
ESPR
| – | – |
-41,600
| Closed | -$703K | – |
|
1173
Essex Property Trust
ESS
$17B
| – | – |
-2,685
| Closed | -$628K | – |
|
1174
Ethan Allen Interiors
ETD
$511M
| – | – |
-6,966
| Closed | -$222K | – |
|
1175
Entravision Communication
EVC
$639M
| – | – |
-10,700
| Closed | -$80K | – |
|
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Squarepoint's Q2 2016 Portfolio in Review
As of Q2 2016, Squarepoint held 1,549 positions worth $1.6B, up 24% from $1.29B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Squarepoint deployed $307M of net new capital in Q2 2016, opening 435 new positions and adding to 314 existing holdings. Its largest new stake was State Street SPDR S&P MIDCAP 400 ETF Trust: 833,964 shares worth $227M.
By sector, the portfolio is most concentrated in Miscellaneous at 22% of assets, up from 2.8% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Crown Castle, an estimated $7.91M trimmed.
- Squarepoint's largest Q2 2016 buy was State Street SPDR S&P MIDCAP 400 ETF Trust: 833,964 shares worth $227M.
- Squarepoint added most to CVS Health in Q2 2016, an estimated $18.9M increase.
- Squarepoint's biggest Q2 2016 reduction was Crown Castle, cutting an estimated $7.91M.
- Squarepoint fully exited Chubb in Q2 2016, selling an estimated $12.6M.
- Squarepoint's ten largest holdings make up 23% of its $1.6B portfolio in Q2 2016.
- Squarepoint opened 435 new positions and closed 482 in Q2 2016.
- Squarepoint's portfolio value rose 24% quarter-over-quarter to $1.6B.
Based on Squarepoint's 13F filing for Q2 2016, filed 15 Aug 2016.