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
|
+$203M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$91.1M |
| 3 |
PG&E
PCG
|
+$57.7M |
| 4 |
VanEck Gold Miners ETF
GDX
|
+$53.7M |
| 5 |
Boston Scientific
BSX
|
+$41.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Japan ETF
EWJ
|
+$67M |
| 2 |
iShares MSCI India ETF
INDA
|
+$55.1M |
| 3 |
Apple
AAPL
|
+$50.9M |
| 4 |
Intuit
INTU
|
+$43.3M |
| 5 |
Lowe's Companies
LOW
|
+$41.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 15.3% |
| 2 | Consumer Discretionary | 13.6% |
| 3 | Technology | 11.89% |
| 4 | Healthcare | 11.31% |
| 5 | Industrials | 10.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
DRE
101
DELISTED
Duke Realty Corp.
DRE
| $11.6M | 0.2% |
427,227
-115,491
| -21% | -$3.29M |
2017 Q2
2 quarters
|
|
102
Abbott
ABT
$191B
| $11.5M | 0.2% |
+201,453
| New | +$11.2M |
2017 Q4
0 quarters
|
|
103
Cintas
CTAS
$88.6B
| $11.5M | 0.2% |
294,040
-19,836
| -6% | -$754K |
2016 Q4
4 quarters
|
|
104
Dollar General
DG
$30.2B
| $11.5M | 0.2% |
+123,148
| New | +$10.6M |
2017 Q4
0 quarters
|
|
105
Republic Services
RSG
$75.2B
| $11.4M | 0.2% |
169,224
+82,055
| +94% | +$5.29M |
2017 Q2
2 quarters
|
|
106
Truist Financial
TFC
$60.3B
| $11.2M | 0.2% |
225,536
+192,671
| +586% | +$9.3M |
2016 Q4
4 quarters
|
|
|
VIAB
107
DELISTED
Viacom Inc. Class B
VIAB
| $10.9M | 0.19% |
354,031
+75,191
| +27% | +$2.04M |
2017 Q3
1 quarter
|
|
|
HDS
108
DELISTED
HD Supply Holdings, Inc.
HDS
| $10.9M | 0.19% |
271,874
+52,745
| +24% | +$1.94M |
2016 Q3
5 quarters
|
|
109
CBRE Group
CBRE
$39.8B
| $10.8M | 0.19% |
+248,960
| New | +$10.3M |
2017 Q4
0 quarters
|
|
110
Norwegian Cruise Line
NCLH
$8.46B
| $10.8M | 0.19% |
202,176
+178,729
| +762% | +$9.9M |
2017 Q2
2 quarters
|
|
111
Murphy Oil
MUR
$4.95B
| $10.7M | 0.19% |
345,544
+326,199
| +1,686% | +$9.08M |
2017 Q2
2 quarters
|
|
112
DELISTED
Skechers
SKX
| $10.6M | 0.19% |
280,901
+254,791
| +976% | +$8.25M |
2016 Q4
4 quarters
|
|
|
SCG
113
DELISTED
Scana
SCG
| $10.6M | 0.19% |
267,029
+97,189
| +57% | +$4.34M |
2016 Q2
6 quarters
|
|
114
HF Sinclair
DINO
$16.9B
| $10.6M | 0.18% |
206,857
+36,757
| +22% | +$1.55M |
2017 Q3
1 quarter
|
|
115
State Street Financial Select Sector SPDR ETF
XLF
$54.9B
| $10.5M | 0.18% |
376,882
+254,912
| +209% | +$6.86M |
2017 Q3
1 quarter
|
|
116
Essex Property Trust
ESS
$17.7B
| $10.5M | 0.18% |
43,474
+25,452
| +141% | +$6.42M |
2017 Q1
3 quarters
|
|
117
Philip Morris
PM
$301B
| $10.4M | 0.18% |
98,660
-27,862
| -22% | -$2.97M |
2016 Q1
7 quarters
|
|
118
DELISTED
US Steel
X
| $10.3M | 0.18% |
293,402
-121,347
| -29% | -$3.53M |
2017 Q3
1 quarter
|
|
119
Quest Diagnostics
DGX
$28.7B
| $10.3M | 0.18% |
104,443
-149,637
| -59% | -$14.2M |
2017 Q2
2 quarters
|
|
120
Pultegroup
PHM
$25.9B
| $10.1M | 0.18% |
304,846
+292,537
| +2,377% | +$9.08M |
2017 Q3
1 quarter
|
|
121
F5
FFIV
$18.1B
| $10M | 0.17% |
76,117
+2,898
| +4% | +$360K |
2017 Q2
2 quarters
|
|
|
FDC
122
DELISTED
First Data Corporation
FDC
| $10M | 0.17% |
597,241
+369,190
| +162% | +$6.34M |
2016 Q4
4 quarters
|
|
123
Corning
GLW
$100B
| $10M | 0.17% |
311,829
+273,251
| +708% | +$8.6M |
2017 Q3
1 quarter
|
|
124
DELISTED
TD Ameritrade Holding Corp
AMTD
| $9.9M | 0.17% |
193,225
+149,701
| +344% | +$7.48M |
2016 Q4
4 quarters
|
|
125
KeyCorp
KEY
$22.6B
| $9.8M | 0.17% |
485,082
-234,134
| -33% | -$4.42M |
2016 Q1
7 quarters
|
|
Similar funds
Squarepoint's Q4 2017 Portfolio in Review
As of Q4 2017, Squarepoint held 2,530 positions worth $5.74B, up 10% from $5.2B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Squarepoint deployed $341M of net new capital in Q4 2017, opening 949 new positions and adding to 622 existing holdings. Its largest new stake was Boston Scientific: 1,494,796 shares worth $37.1M.
By sector, the portfolio is most concentrated in Miscellaneous at 15% of assets, up from 14% a quarter earlier, followed by Consumer Discretionary and Technology.
On the sell side, the largest reduction was Apple, an estimated $50.9M trimmed.
- Squarepoint's largest Q4 2017 buy was Boston Scientific: 1,494,796 shares worth $37.1M.
- Squarepoint added most to iShares Core MSCI Emerging Markets ETF in Q4 2017, an estimated $203M increase.
- Squarepoint's biggest Q4 2017 reduction was Apple, cutting an estimated $50.9M.
- Squarepoint fully exited iShares MSCI Japan ETF in Q4 2017, selling an estimated $67M.
- Squarepoint's ten largest holdings make up 15% of its $5.74B portfolio in Q4 2017.
- Squarepoint opened 949 new positions and closed 486 in Q4 2017.
- Squarepoint's portfolio value rose 10% quarter-over-quarter to $5.74B.
Based on Squarepoint's 13F filing for Q4 2017, filed 14 Feb 2018.