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 | |
|---|---|---|---|---|---|---|---|
1176
NMI Holdings
NMIH
$2.91B
| – | – |
-41,311
| Closed | -$226K | – |
|
1177
Noah Holdings
NOAH
$458M
| – | – |
-10,400
| Closed | -$251K | – |
|
1178
Nokia
NOK
$46.3B
| – | – |
-25,500
| Closed | -$145K | – |
|
1179
NOV
NOV
$6.31B
| – | – |
-45,219
| Closed | -$1.52M | – |
|
1180
NVR
NVR
$16.8B
| – | – |
-667
| Closed | -$1.19M | – |
|
1181
Novartis
NVS
$309B
| – | – |
-3,398
| Closed | -$251K | – |
|
1182
NatWest
NWG
$63.6B
| – | – |
-61,193
| Closed | -$310K | – |
|
1183
Quanex
NX
$1B
| – | – |
-14,485
| Closed | -$269K | – |
|
1184
New York Times
NYT
$11.5B
| – | – |
-23,119
| Closed | -$280K | – |
|
1185
O-I Glass
OI
$807M
| – | – |
-24,054
| Closed | -$433K | – |
|
1186
Omnicom Group
OMC
$24.3B
| – | – |
-8,497
| Closed | -$692K | – |
|
1187
OneMain Financial
OMF
$6.35B
| – | – |
-12,918
| Closed | -$295K | – |
|
1188
Old National Bancorp
ONB
$9.6B
| – | – |
-14,960
| Closed | -$187K | – |
|
1189
O'Reilly Automotive
ORLY
$72.2B
| – | – |
-13,275
| Closed | -$240K | – |
|
1190
Open Text
OTEX
$6.02B
| – | – |
-15,800
| Closed | -$467K | – |
|
1191
Outfront Media
OUT
$5.51B
| – | – |
-12,700
| Closed | -$302K | – |
|
1192
Occidental Petroleum
OXY
$55.7B
| – | – |
-6,545
| Closed | -$495K | – |
|
1193
Paycom
PAYC
$10.5B
| – | – |
-4,900
| Closed | -$212K | – |
|
1194
PBF Energy
PBF
$8.24B
| – | – |
-39,300
| Closed | -$935K | – |
|
|
1195
PepsiCo
PEP
$193B
| – | – |
-117,406
| Closed | -$12.4M | – |
|
1196
iShares Preferred and Income Securities ETF
PFF
$11.7B
| – | – |
-60,379
| Closed | -$2.41M | – |
|
1197
Principal Financial Group
PFG
$24.5B
| – | – |
-22,081
| Closed | -$908K | – |
|
1198
Procter & Gamble
PG
$390B
| – | – |
-32,490
| Closed | -$2.75M | – |
|
1199
Polaris
PII
$3.82B
| – | – |
-15,122
| Closed | -$1.24M | – |
|
1200
Dave & Buster's
PLAY
$285M
| – | – |
-4,400
| Closed | -$206K | – |
|
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.