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 | |
|---|---|---|---|---|---|---|---|
|
LMNX
1201
DELISTED
Luminex Corp
LMNX
| $276K | 0.01% |
+13,627
| New | +$284K |
2016 Q4
0 quarters
|
|
|
LTXB
1202
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $276K | 0.01% |
6,401
-1,492
| -19% | -$55.7K |
2016 Q3
1 quarter
|
|
|
AXAS
1203
DELISTED
Abraxas Petroleum Corp
AXAS
| $275K | 0.01% |
+5,345
| New | +$211K |
2016 Q4
0 quarters
|
|
|
NRE
1204
DELISTED
NorthStar Realty Europe Corp.
NRE
| $275K | 0.01% |
+21,898
| New | +$240K |
2016 Q4
0 quarters
|
|
1205
Kratos Defense & Security Solutions
KTOS
$6.54B
| $274K | 0.01% |
+37,000
| New | +$250K |
2016 Q4
0 quarters
|
|
1206
Scansource
SCSC
$900M
| $274K | 0.01% |
+6,801
| New | +$253K |
2016 Q4
0 quarters
|
|
|
PRTK
1207
DELISTED
Paratek Pharmaceuticals, Inc.
PRTK
| $274K | 0.01% |
+17,813
| New | +$231K |
2016 Q4
0 quarters
|
|
|
ZEN
1208
DELISTED
ZENDESK INC
ZEN
| $274K | 0.01% |
+12,903
| New | +$312K |
2016 Q4
0 quarters
|
|
1209
DELISTED
Primo Water Corporation
PRMW
| $273K | 0.01% |
+22,235
| New | +$286K |
2016 Q4
0 quarters
|
|
1210
Cemex
CX
$15.1B
| $272K | 0.01% |
35,204
-3,428
| -9% | -$27.2K |
2016 Q3
1 quarter
|
|
|
HZN
1211
DELISTED
Horizon Global Corporation
HZN
| $272K | 0.01% |
+11,331
| New | +$255K |
2016 Q4
0 quarters
|
|
|
SCLN
1212
DELISTED
Sciclone Pharmaceuticals Inc
SCLN
| $272K | 0.01% |
25,187
+9,932
| +65% | +$99.3K |
2016 Q2
2 quarters
|
|
|
CIE
1213
DELISTED
Cobalt International Energy, Inc
CIE
| $272K | 0.01% |
+14,885
| New | +$258K |
2016 Q4
0 quarters
|
|
|
DGI
1214
DELISTED
DigitalGlobe Inc.
DGI
| $272K | 0.01% |
+9,488
| New | +$273K |
2016 Q4
0 quarters
|
|
1215
Enanta Pharmaceuticals
ENTA
$326M
| $271K | 0.01% |
8,098
-787
| -9% | -$22.6K |
2016 Q3
1 quarter
|
|
1216
iShares US Real Estate ETF
IYR
$3.98B
| $271K | 0.01% |
+3,516
| New | +$267K |
2016 Q4
0 quarters
|
|
1217
Orion Group Holdings
ORN
$311M
| $271K | 0.01% |
+27,237
| New | +$242K |
2016 Q4
0 quarters
|
|
|
INSY
1218
DELISTED
Insys Therapeutics, Inc.
INSY
| $271K | 0.01% |
+29,433
| New | +$333K |
2016 Q4
0 quarters
|
|
1219
DELISTED
Investment Technology Group Inc
ITG
| $271K | 0.01% |
+13,743
| New | +$249K |
2016 Q4
0 quarters
|
|
|
BNCN
1220
DELISTED
BNC Bancorp
BNCN
| $271K | 0.01% |
+8,490
| New | +$238K |
2016 Q4
0 quarters
|
|
1221
EastGroup Properties
EGP
$10.6B
| $270K | 0.01% |
3,660
+518
| +16% | +$35.9K |
2016 Q3
1 quarter
|
|
1222
Tetra Tech
TTEK
$10.1B
| $270K | 0.01% |
+31,250
| New | +$252K |
2016 Q4
0 quarters
|
|
1223
Hooker Furnishings Corp
HOFT
$156M
| $269K | 0.01% |
+7,100
| New | +$204K |
2016 Q4
0 quarters
|
|
1224
Hanover Insurance
THG
$8.52B
| $269K | 0.01% |
2,959
-4,607
| -61% | -$384K |
2016 Q2
2 quarters
|
|
|
PPP
1225
DELISTED
Primero Mining Corp
PPP
| $269K | 0.01% |
+340,886
| New | +$377K |
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.