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 |
Abbott
ABT
|
+$8.99M |
| 2 |
General Dynamics
GD
|
+$8.34M |
| 3 |
PPG Industries
PPG
|
+$8.12M |
| 4 |
American Tower
AMT
|
+$7.78M |
| 5 |
United Airlines
UAL
|
+$7.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Illinois Tool Works
ITW
|
+$4.51M |
| 2 |
CY
Cypress Semiconductor
CY
|
+$3.12M |
| 3 |
Medtronic
MDT
|
+$2.51M |
| 4 |
FedEx
FDX
|
+$2.49M |
| 5 |
Automatic Data Processing
ADP
|
+$2.46M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.65% |
| 2 | Industrials | 13.83% |
| 3 | Financials | 11.56% |
| 4 | Consumer Discretionary | 11.53% |
| 5 | Technology | 8.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
101
DELISTED
Verifone Systems Inc
PAY
| $1.14M | 0.28% |
41,007
+27,584
| +205% | +$861K |
2015 Q2
1 quarter
|
|
102
Western Digital
WDC
$117B
| $1.13M | 0.28% |
18,840
-14,711
| -44% | -$885K |
2015 Q1
2 quarters
|
|
103
DELISTED
Kellanova
K
| $1.13M | 0.28% |
+18,088
| New | +$1.13M |
2015 Q3
0 quarters
|
|
104
Macerich
MAC
$7.2B
| $1.13M | 0.28% |
14,664
+3,006
| +26% | +$233K |
2015 Q1
2 quarters
|
|
105
DELISTED
Interpublic Group of Companies
IPG
| $1.08M | 0.27% |
56,577
-24,435
| -30% | -$488K |
2015 Q1
2 quarters
|
|
|
POM
106
DELISTED
PEPCO HOLDINGS, INC.
POM
| $1.08M | 0.27% |
44,461
+28,742
| +183% | +$731K |
2015 Q2
1 quarter
|
|
107
Equifax
EFX
$22B
| $1.04M | 0.26% |
10,758
+4,225
| +65% | +$420K |
2015 Q1
2 quarters
|
|
108
Delta Air Lines
DAL
$60.1B
| $1.02M | 0.25% |
+22,739
| New | +$1.02M |
2015 Q3
0 quarters
|
|
|
PIR
109
DELISTED
Pier 1 Imports, Inc.
PIR
| $1.02M | 0.25% |
+7,368
| New | +$1.61M |
2015 Q3
0 quarters
|
|
|
JOY
110
DELISTED
Joy Global Inc
JOY
| $1.01M | 0.25% |
67,666
+51,132
| +309% | +$1.24M |
2015 Q2
1 quarter
|
|
111
Advance Auto Parts
AAP
$2.76B
| $1.01M | 0.25% |
+5,319
| New | +$922K |
2015 Q3
0 quarters
|
|
112
Globe Life
GL
$12.2B
| $1.01M | 0.25% |
+17,859
| New | +$1.06M |
2015 Q3
0 quarters
|
|
113
Xerox
XRX
$140M
| $985K | 0.25% |
38,416
+10,320
| +37% | +$286K |
2015 Q1
2 quarters
|
|
114
MSG Knickerbockers Corp.
MSGK
$7.78B
| $981K | 0.24% |
+19,067
| New | +$1.05M |
2015 Q3
0 quarters
|
|
115
Factset
FDS
$11.8B
| $976K | 0.24% |
+6,105
| New | +$999K |
2015 Q3
0 quarters
|
|
116
DELISTED
Randgold Resources Ltd
GOLD
| $963K | 0.24% |
+16,408
| New | +$989K |
2015 Q3
0 quarters
|
|
117
Cracker Barrel
CBRL
$1.48B
| $948K | 0.24% |
6,437
-1,063
| -14% | -$159K |
2015 Q2
1 quarter
|
|
|
MON
118
DELISTED
Monsanto Co
MON
| $933K | 0.23% |
10,932
+7,641
| +232% | +$755K |
2015 Q1
2 quarters
|
|
119
Public Storage
PSA
$62.7B
| $926K | 0.23% |
+4,376
| New | +$891K |
2015 Q3
0 quarters
|
|
120
DELISTED
Nordstrom
JWN
| $922K | 0.23% |
+12,853
| New | +$968K |
2015 Q3
0 quarters
|
|
121
Franklin Templeton
BEN
$18.6B
| $919K | 0.23% |
24,661
+5,096
| +26% | +$221K |
2014 Q4
3 quarters
|
|
122
Centene
CNC
$34.9B
| $910K | 0.23% |
+33,574
| New | +$1.12M |
2015 Q3
0 quarters
|
|
123
Camden Property Trust
CPT
$9.9B
| $907K | 0.23% |
+12,267
| New | +$930K |
2015 Q3
0 quarters
|
|
124
Ally Financial
ALLY
$11.5B
| $905K | 0.23% |
+44,400
| New | +$965K |
2015 Q3
0 quarters
|
|
125
Waste Management
WM
$95.5B
| $905K | 0.23% |
18,176
-15,809
| -47% | -$788K |
2015 Q1
2 quarters
|
|
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Squarepoint's Q3 2015 Portfolio in Review
As of Q3 2015, Squarepoint held 713 positions worth $401M, up 30% from $308M the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Squarepoint deployed $140M of net new capital in Q3 2015, opening 275 new positions and adding to 63 existing holdings. Its largest new stake was Abbott: 190,793 shares worth $7.67M.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, up from 13% a quarter earlier, followed by Industrials and Financials.
On the sell side, the largest reduction was Horizon Therapeutics Public Limited Company Ordinary Shares, an estimated $2.11M trimmed.
- Squarepoint's largest Q3 2015 buy was Abbott: 190,793 shares worth $7.67M.
- Squarepoint added most to Eaton in Q3 2015, an estimated $5.05M increase.
- Squarepoint's biggest Q3 2015 reduction was Horizon Therapeutics Public Limited Company Ordinary Shares, cutting an estimated $2.11M.
- Squarepoint fully exited Illinois Tool Works in Q3 2015, selling an estimated $4.51M.
- Squarepoint's ten largest holdings make up 16% of its $401M portfolio in Q3 2015.
- Squarepoint opened 275 new positions and closed 324 in Q3 2015.
- Squarepoint's portfolio value rose 30% quarter-over-quarter to $401M.
Based on Squarepoint's 13F filing for Q3 2015, filed 16 Nov 2015.