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 | |
|---|---|---|---|---|---|---|---|
1201
GoPro
GPRO
$178M
| – | – |
-19,500
| Closed | -$233K | – |
|
1202
Grifois
GRFS
$5.83B
| – | – |
-209,107
| Closed | -$3.24M | – |
|
1203
Garmin
GRMN
$52.3B
| – | – |
-18,487
| Closed | -$739K | – |
|
1204
DELISTED
Chart Industries
GTLS
| – | – |
-9,256
| Closed | -$201K | – |
|
1205
DELISTED
Hillenbrand
HI
| – | – |
-8,537
| Closed | -$256K | – |
|
1206
Hilton Worldwide
HLT
$81B
| – | – |
-6,100
| Closed | -$412K | – |
|
1207
Hovnanian Enterprises
HOV
$604M
| – | – |
-1,356
| Closed | -$53K | – |
|
1208
HealthEquity
HQY
$8.44B
| – | – |
-10,581
| Closed | -$261K | – |
|
1209
Hershey
HSY
$33.7B
| – | – |
-7,567
| Closed | -$697K | – |
|
1210
Hubbell
HUBB
$23.7B
| – | – |
-6,535
| Closed | -$692K | – |
|
1211
IBM
IBM
$236B
| – | – |
-46,327
| Closed | -$6.71M | – |
|
1212
IDEX
IEX
$17.4B
| – | – |
-6,718
| Closed | -$557K | – |
|
1213
Insteel Industries
IIIN
$553M
| – | – |
-10,800
| Closed | -$330K | – |
|
1214
Illumina
ILMN
$36B
| – | – |
-3,187
| Closed | -$503K | – |
|
1215
Incyte
INCY
$24B
| – | – |
-4,635
| Closed | -$336K | – |
|
1216
Inogen
INGN
$186M
| – | – |
-11,962
| Closed | -$538K | – |
|
1217
Intel
INTC
$322B
| – | – |
-38,444
| Closed | -$1.24M | – |
|
1218
Intuit
INTU
$92.1B
| – | – |
-19,710
| Closed | -$2.05M | – |
|
1219
Ionis Pharmaceuticals
IONS
$6.72B
| – | – |
-12,700
| Closed | -$514K | – |
|
1220
IQVIA
IQV
$43.3B
| – | – |
-32,700
| Closed | -$2.13M | – |
|
1221
Ironwood Pharmaceuticals
IRWD
$578M
| – | – |
-25,074
| Closed | -$230K | – |
|
1222
Intuitive Surgical
ISRG
$156B
| – | – |
-9,513
| Closed | -$635K | – |
|
1223
Gartner
IT
$12.9B
| – | – |
-4,666
| Closed | -$417K | – |
|
1224
ITT
ITT
$18.3B
| – | – |
-8,871
| Closed | -$327K | – |
|
1225
Invesco Mortgage Capital
IVR
$579M
| – | – |
-2,210
| Closed | -$269K | – |
|
Similar funds
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.