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 |
CSX Corp
CSX
|
+$99.5M |
| 2 |
Sherwin-Williams
SHW
|
+$80.5M |
| 3 |
GE Aerospace
GE
|
+$78.7M |
| 4 |
Royal Caribbean
RCL
|
+$78.5M |
| 5 |
Workday
WDAY
|
+$74M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Snap
SNAP
|
+$170M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$128M |
| 3 |
Zoom
ZM
|
+$120M |
| 4 |
Citigroup
C
|
+$111M |
| 5 |
Apple
AAPL
|
+$101M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 42.69% |
| 2 | Consumer Discretionary | 12.52% |
| 3 | Technology | 10.84% |
| 4 | Industrials | 6.37% |
| 5 | Healthcare | 6.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
101
Illumina
ILMN
$31.3B
| $37.5M | 0.21% |
+209,094
| New | +$53.4M |
2022 Q2
0 quarters
|
|
102
CALL
iShares Russell 2000 ETF
IWM
$77.1B
| $37.4M | 0.21% |
+221,000
| New | +$40.7M |
2022 Q2
0 quarters
|
|
103
Gartner
IT
$12.1B
| $37.4M | 0.21% |
+154,549
| New | +$41.1M |
2022 Q2
0 quarters
|
|
104
CALL
Tesla
TSLA
$1.54T
| $37.4M | 0.21% |
166,500
+64,200
| +63% | +$17.5M |
2020 Q4
6 quarters
|
|
105
PUT
Lyft
LYFT
$6.42B
| $37.1M | 0.21% |
2,795,000
-550,700
| -16% | -$12.8M |
2020 Q4
6 quarters
|
|
106
Marriott International
MAR
$109B
| $37.1M | 0.21% |
272,871
-172,815
| -39% | -$28.6M |
2020 Q2
8 quarters
|
|
107
Dominion Energy
D
$59.5B
| $36.8M | 0.21% |
461,716
+165,358
| +56% | +$13.7M |
2020 Q4
6 quarters
|
|
108
PUT
Comcast
CMCSA
$89.3B
| $36.4M | 0.2% |
927,800
-466,300
| -33% | -$20M |
2020 Q2
8 quarters
|
|
109
BJs Wholesale Club
BJ
$13.9B
| $36.3M | 0.2% |
581,913
+205,438
| +55% | +$12.9M |
2022 Q1
1 quarter
|
|
110
Bristol-Myers Squibb
BMY
$130B
| $35.7M | 0.2% |
463,454
+199,065
| +75% | +$15.2M |
2019 Q4
10 quarters
|
|
111
Carnival Corporation Ltd
CCL
$39.3B
| $35.6M | 0.2% |
4,117,795
+2,486,007
| +152% | +$36.5M |
2021 Q2
4 quarters
|
|
112
Yum! Brands
YUM
$43.3B
| $35.2M | 0.2% |
310,253
+146,131
| +89% | +$17M |
2020 Q1
9 quarters
|
|
113
PUT
Bank of America
BAC
$352B
| $35.2M | 0.2% |
1,129,400
+200,300
| +22% | +$7.21M |
2021 Q3
3 quarters
|
|
114
Spotify
SPOT
$126B
| $35.2M | 0.2% |
374,660
+138,827
| +59% | +$15.7M |
2018 Q4
14 quarters
|
|
|
ATVI
115
PUT
DELISTED
Activision Blizzard
ATVI
| $35M | 0.19% |
450,100
| – | – |
2020 Q4
6 quarters
|
|
116
VF Corp
VFC
$8.14B
| $34.6M | 0.19% |
782,425
+22,398
| +3% | +$1.12M |
2020 Q4
6 quarters
|
|
117
PUT
Biogen
BIIB
$37.5B
| $34.4M | 0.19% |
168,700
+5,700
| +3% | +$1.17M |
2021 Q1
5 quarters
|
|
118
Crocs
CROX
$7.49B
| $34M | 0.19% |
699,453
+332,360
| +91% | +$20.2M |
2019 Q3
11 quarters
|
|
119
Mondelez International
MDLZ
$85.5B
| $33.9M | 0.19% |
545,275
+462,780
| +561% | +$29.2M |
2018 Q4
14 quarters
|
|
120
CALL
VanEck Gold Miners ETF
GDX
$25.2B
| $33.4M | 0.19% |
1,219,500
+73,100
| +6% | +$2.47M |
2021 Q1
5 quarters
|
|
121
Fastenal
FAST
$63.3B
| $33.3M | 0.19% |
1,335,486
+63,454
| +5% | +$1.71M |
2021 Q2
4 quarters
|
|
122
Atmos Energy
ATO
$29.8B
| $32.3M | 0.18% |
287,860
+270,952
| +1,603% | +$31M |
2020 Q2
8 quarters
|
|
123
O'Reilly Automotive
ORLY
$73.9B
| $31.8M | 0.18% |
754,500
+165,675
| +28% | +$7.13M |
2019 Q4
10 quarters
|
|
124
CDW
CDW
$21.4B
| $31.8M | 0.18% |
201,511
+94,084
| +88% | +$15.8M |
2020 Q1
9 quarters
|
|
125
General Mills
GIS
$18.4B
| $31.6M | 0.18% |
418,901
+343,353
| +454% | +$24.1M |
2020 Q4
6 quarters
|
|
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Squarepoint's Q2 2022 Portfolio in Review
As of Q2 2022, Squarepoint held 3,640 positions worth $18B, down 23% from $23.4B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Squarepoint's Q2 2022 filing shows 900 new, 972 increased, 837 reduced and 830 closed positions. Its largest new stake was McDonald's: 266,402 shares worth $65.8M. The largest sale was Snap, an estimated $170M.
By sector, the portfolio is most concentrated in Miscellaneous at 43% of assets, down from 46% a quarter earlier, followed by Consumer Discretionary and Technology.
- Squarepoint's largest Q2 2022 buy was McDonald's: 266,402 shares worth $65.8M.
- Squarepoint added most to CSX Corp in Q2 2022, an estimated $99.5M increase.
- Squarepoint's biggest Q2 2022 reduction was Snap, cutting an estimated $170M.
- Squarepoint fully exited Invesco QQQ Trust in Q2 2022, selling an estimated $128M.
- Squarepoint's ten largest holdings make up 12% of its $18B portfolio in Q2 2022.
- Squarepoint opened 900 new positions and closed 830 in Q2 2022.
- Squarepoint's portfolio value fell 23% quarter-over-quarter to $18B.
Based on Squarepoint's 13F filing for Q2 2022, filed 15 Aug 2022.