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 | 11.05% |
| 5 | Industrials | 10.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
TFCF
101
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $5.4M | 0.22% |
198,082
+158,945
| +406% | +$4.26M |
2015 Q4
4 quarters
|
|
|
RSX
102
DELISTED
VanEck Russia ETF
RSX
| $5.29M | 0.22% |
249,399
+201,358
| +419% | +$3.9M |
2016 Q1
3 quarters
|
|
103
Thermo Fisher Scientific
TMO
$261B
| $5.19M | 0.21% |
+36,801
| New | +$5.43M |
2016 Q4
0 quarters
|
|
104
Phillips 66
PSX
$108B
| $5.16M | 0.21% |
+59,684
| New | +$4.96M |
2016 Q4
0 quarters
|
|
105
Lennar Class A
LEN
$20.2B
| $5.15M | 0.21% |
125,973
+37,968
| +43% | +$1.54M |
2015 Q4
4 quarters
|
|
106
Archer Daniels Midland
ADM
$37.3B
| $5.07M | 0.21% |
111,043
+97,096
| +696% | +$4.3M |
2015 Q1
7 quarters
|
|
107
Sherwin-Williams
SHW
$78.6B
| $5.05M | 0.21% |
56,400
-3,135
| -5% | -$277K |
2015 Q2
6 quarters
|
|
108
Alibaba
BABA
$249B
| $5.04M | 0.21% |
+57,342
| New | +$5.52M |
2016 Q4
0 quarters
|
|
109
DELISTED
Praxair Inc
PX
| $4.95M | 0.2% |
+42,232
| New | +$5.02M |
2016 Q4
0 quarters
|
|
110
iShares MSCI India ETF
INDA
$5.8B
| $4.92M | 0.2% |
183,412
+160,861
| +713% | +$4.47M |
2016 Q3
1 quarter
|
|
111
UnitedHealth
UNH
$367B
| $4.89M | 0.2% |
+30,545
| New | +$4.56M |
2016 Q4
0 quarters
|
|
112
Bunge Global
BG
$19.4B
| $4.83M | 0.2% |
66,837
+62,037
| +1,292% | +$4.13M |
2016 Q2
2 quarters
|
|
113
Morgan Stanley
MS
$300B
| $4.75M | 0.19% |
112,470
+46,232
| +70% | +$1.75M |
2016 Q3
1 quarter
|
|
114
Hewlett Packard
HPE
$80.3B
| $4.64M | 0.19% |
345,252
+128,954
| +60% | +$1.72M |
2016 Q2
2 quarters
|
|
|
BRCD
115
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $4.64M | 0.19% |
371,728
+121
| +0% | +$1.36K |
2015 Q3
5 quarters
|
|
116
Boeing
BA
$135B
| $4.64M | 0.19% |
+29,784
| New | +$4.35M |
2016 Q4
0 quarters
|
|
117
Bank of America
BAC
$358B
| $4.62M | 0.19% |
209,042
+193,559
| +1,250% | +$3.73M |
2016 Q2
2 quarters
|
|
118
CME Group
CME
$107B
| $4.59M | 0.19% |
39,809
+16,328
| +70% | +$1.82M |
2016 Q3
1 quarter
|
|
119
Fidelity National Information Services
FIS
$19.1B
| $4.58M | 0.19% |
60,509
-40,020
| -40% | -$3.05M |
2015 Q3
5 quarters
|
|
120
Eaton
ETN
$154B
| $4.57M | 0.19% |
68,168
+49,700
| +269% | +$3.26M |
2015 Q1
7 quarters
|
|
121
Duke Energy
DUK
$97.7B
| $4.55M | 0.19% |
58,675
+20,673
| +54% | +$1.58M |
2015 Q4
4 quarters
|
|
|
TSS
122
DELISTED
Total System Services, Inc.
TSS
| $4.55M | 0.19% |
92,751
-67,062
| -42% | -$3.3M |
2016 Q2
2 quarters
|
|
123
Amgen
AMGN
$252B
| $4.53M | 0.19% |
31,001
-4,499
| -13% | -$677K |
2016 Q3
1 quarter
|
|
124
Moody's
MCO
$83.9B
| $4.53M | 0.19% |
+48,043
| New | +$4.85M |
2016 Q4
0 quarters
|
|
125
American International
AIG
$42.3B
| $4.5M | 0.18% |
68,916
+4,220
| +7% | +$265K |
2014 Q4
8 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.