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 | |
|---|---|---|---|---|---|---|---|
1151
Las Vegas Sands
LVS
$26B
| – | – |
-8,900
| Closed | -$387K | – |
|
1152
LyondellBasell Industries
LYB
$19.2B
| – | – |
-82,725
| Closed | -$6.16M | – |
|
1153
La-Z-Boy
LZB
$1.31B
| – | – |
-20,460
| Closed | -$569K | – |
|
1154
Mastercard
MA
$571B
| – | – |
-122,984
| Closed | -$10.8M | – |
|
1155
Marriott International
MAR
$107B
| – | – |
-20,990
| Closed | -$1.4M | – |
|
1156
Mativ Holdings
MATV
$678M
| – | – |
-6,277
| Closed | -$221K | – |
|
1157
Madrigal Pharmaceuticals
MDGL
$10.1B
| – | – |
-1,551
| Closed | -$14K | – |
|
1158
Medtronic
MDT
$131B
| – | – |
-18,406
| Closed | -$1.6M | – |
|
1159
Methode Electronics
MEI
$432M
| – | – |
-23,609
| Closed | -$808K | – |
|
1160
MetLife
MET
$63.9B
| – | – |
-128,730
| Closed | -$4.57M | – |
|
1161
MarketAxess Holdings
MKTX
$5.83B
| – | – |
-10,905
| Closed | -$1.59M | – |
|
1162
3M
MMM
$97.3B
| – | – |
-20,965
| Closed | -$3.07M | – |
|
1163
Moog Inc Class A
MOG.A
$10.8B
| – | – |
-7,600
| Closed | -$410K | – |
|
1164
Morningstar
MORN
$9.13B
| – | – |
-3,100
| Closed | -$254K | – |
|
|
MRIN
1165
DELISTED
Marin Software
MRIN
| – | – |
-462
| Closed | -$46K | – |
|
1166
Match Group
MTCH
$8.94B
| – | – |
-10,500
| Closed | -$158K | – |
|
1167
M&T Bank
MTB
$32B
| – | – |
-11,298
| Closed | -$1.34M | – |
|
1168
MGIC Investment
MTG
$5.67B
| – | – |
-151,070
| Closed | -$899K | – |
|
1169
iShares National Muni Bond ETF
MUB
$55.1B
| – | – |
-84,888
| Closed | -$9.7M | – |
|
1170
Murphy Oil
MUR
$4.95B
| – | – |
-9,720
| Closed | -$309K | – |
|
1171
McEwen Inc
MUX
$996M
| – | – |
-1,700
| Closed | -$65K | – |
|
1172
Myriad Genetics
MYGN
$549M
| – | – |
-13,680
| Closed | -$419K | – |
|
1173
Nordic American Tanker
NAT
$1.38B
| – | – |
-28,829
| Closed | -$397K | – |
|
1174
NeoGenomics
NEO
$2.28B
| – | – |
-33,352
| Closed | -$268K | – |
|
1175
NewMarket
NEU
$6.37B
| – | – |
-583
| Closed | -$242K | – |
|
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.