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 Core MSCI Emerging Markets ETF
IEMG
|
+$179M |
| 2 |
Intuit
INTU
|
+$36.9M |
| 3 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$35.2M |
| 4 |
Altria Group
MO
|
+$32.6M |
| 5 |
iShares MSCI EAFE ETF
EFA
|
+$25.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares China Large-Cap ETF
FXI
|
+$43.3M |
| 2 |
iShares MSCI Japan ETF
EWJ
|
+$22.7M |
| 3 |
Meta Platforms (Facebook)
META
|
+$20.2M |
| 4 |
Lockheed Martin
LMT
|
+$18M |
| 5 |
Starbucks
SBUX
|
+$16.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 15.09% |
| 2 | Technology | 13.06% |
| 3 | Healthcare | 11.75% |
| 4 | Industrials | 11.74% |
| 5 | Consumer Discretionary | 10.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
101
iShares Core US Aggregate Bond ETF
AGG
$138B
| $8.31M | 0.23% |
+76,619
| New | +$8.29M |
2017 Q1
0 quarters
|
|
102
Walmart Inc
WMT
$997B
| $8.3M | 0.23% |
345,609
-210,093
| -38% | -$4.83M |
2015 Q4
5 quarters
|
|
103
NRG Energy
NRG
$20.5B
| $8.13M | 0.22% |
+434,885
| New | +$7.21M |
2017 Q1
0 quarters
|
|
104
CMS Energy
CMS
$21.8B
| $8.09M | 0.22% |
180,907
+140,091
| +343% | +$6.07M |
2016 Q3
2 quarters
|
|
105
Centene
CNC
$34.9B
| $8.04M | 0.22% |
+225,676
| New | +$7.55M |
2017 Q1
0 quarters
|
|
106
Vanguard Real Estate ETF
VNQ
$38.9B
| $7.94M | 0.22% |
+96,083
| New | +$7.97M |
2017 Q1
0 quarters
|
|
107
DELISTED
Discover Financial Services
DFS
| $7.9M | 0.22% |
+115,495
| New | +$8.11M |
2017 Q1
0 quarters
|
|
108
Barrick Mining
B
$64.3B
| $7.84M | 0.22% |
413,002
+7,022
| +2% | +$130K |
2016 Q1
4 quarters
|
|
109
Gilead Sciences
GILD
$211B
| $7.81M | 0.22% |
115,000
-62,426
| -35% | -$4.39M |
2016 Q3
2 quarters
|
|
110
Baxter International
BAX
$13.6B
| $7.41M | 0.2% |
142,879
-33,687
| -19% | -$1.66M |
2015 Q3
6 quarters
|
|
111
PUT
SPDR Gold Trust
GLD
$133B
| $7.35M | 0.2% |
+61,900
| New | +$7.2M |
2017 Q1
0 quarters
|
|
112
Travel + Leisure Co
TNL
$4.82B
| $7.33M | 0.2% |
192,645
+127,533
| +196% | +$4.68M |
2015 Q1
8 quarters
|
|
113
Vulcan Materials
VMC
$36.5B
| $7.2M | 0.2% |
59,753
+51,138
| +594% | +$6.25M |
2016 Q4
1 quarter
|
|
|
ESV
114
DELISTED
Ensco Rowan plc
ESV
| $7.19M | 0.2% |
200,891
+116,675
| +139% | +$4.73M |
2015 Q3
6 quarters
|
|
115
Fortinet
FTNT
$94.1B
| $7.13M | 0.2% |
929,910
+789,440
| +562% | +$5.58M |
2016 Q4
1 quarter
|
|
116
Lincoln National
LNC
$8.1B
| $7.05M | 0.19% |
107,684
+97,756
| +985% | +$6.68M |
2016 Q2
3 quarters
|
|
|
KATE
117
DELISTED
Kate Spade & Company
KATE
| $7.03M | 0.19% |
302,461
+136,272
| +82% | +$2.85M |
2016 Q3
2 quarters
|
|
118
Citizens Financial Group
CFG
$27.4B
| $7M | 0.19% |
202,687
+122,844
| +154% | +$4.48M |
2016 Q2
3 quarters
|
|
119
Allstate
ALL
$64.9B
| $6.98M | 0.19% |
85,711
+69,059
| +415% | +$5.43M |
2015 Q1
8 quarters
|
|
120
LyondellBasell Industries
LYB
$20.2B
| $6.91M | 0.19% |
75,739
+71,296
| +1,605% | +$6.51M |
2016 Q4
1 quarter
|
|
121
iShares MSCI South Africa ETF
EZA
$475M
| $6.88M | 0.19% |
124,581
+19,509
| +19% | +$1.09M |
2016 Q4
1 quarter
|
|
122
Occidental Petroleum
OXY
$57.2B
| $6.84M | 0.19% |
+107,977
| New | +$7.18M |
2017 Q1
0 quarters
|
|
123
Sysco
SYY
$37.9B
| $6.8M | 0.19% |
131,033
+125,318
| +2,193% | +$6.64M |
2015 Q3
6 quarters
|
|
124
Bank of America
BAC
$350B
| $6.75M | 0.19% |
286,087
+77,045
| +37% | +$1.83M |
2016 Q2
3 quarters
|
|
125
Aimco
AIV
$221M
| $6.74M | 0.19% |
+1,140,306
| New | +$6.8M |
2017 Q1
0 quarters
|
|
Similar funds
Squarepoint's Q1 2017 Portfolio in Review
As of Q1 2017, Squarepoint held 2,234 positions worth $3.63B, up 48% from $2.44B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Squarepoint deployed $976M of net new capital in Q1 2017, opening 503 new positions and adding to 514 existing holdings. Its largest new stake was iShares Core MSCI Emerging Markets ETF: 3,877,250 shares worth $185M.
By sector, the portfolio is most concentrated in Miscellaneous at 15% of assets, up from 14% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Meta Platforms (Facebook), an estimated $20.2M trimmed.
- Squarepoint's largest Q1 2017 buy was iShares Core MSCI Emerging Markets ETF: 3,877,250 shares worth $185M.
- Squarepoint added most to Intuit in Q1 2017, an estimated $36.9M increase.
- Squarepoint's biggest Q1 2017 reduction was Meta Platforms (Facebook), cutting an estimated $20.2M.
- Squarepoint fully exited iShares China Large-Cap ETF in Q1 2017, selling an estimated $43.3M.
- Squarepoint's ten largest holdings make up 14% of its $3.63B portfolio in Q1 2017.
- Squarepoint opened 503 new positions and closed 757 in Q1 2017.
- Squarepoint's portfolio value rose 48% quarter-over-quarter to $3.63B.
Based on Squarepoint's 13F filing for Q1 2017, filed 15 May 2017.