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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$63.7M |
| 2 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$28.6M |
| 3 |
VanEck Gold Miners ETF
GDX
|
+$21.7M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$21.4M |
| 5 |
Conagra Brands
CAG
|
+$19.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$228M |
| 2 |
American International
AIG
|
+$18M |
| 3 |
EMC CORPORATION
EMC
|
+$14.6M |
| 4 |
General Dynamics
GD
|
+$14.4M |
| 5 |
PepsiCo
PEP
|
+$12.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 19.37% |
| 2 | Technology | 11.95% |
| 3 | Healthcare | 11.5% |
| 4 | Industrials | 10.87% |
| 5 | Consumer Discretionary | 10.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1226
Revvity
RVTY
$17.9B
| – | – |
-42,152
| Closed | -$2.21M | – |
|
1227
Sabre
SABR
$727M
| – | – |
-16,500
| Closed | -$442K | – |
|
1228
Safehold
SAFE
$755M
| – | – |
-3,171
| Closed | -$148K | – |
|
1229
DELISTED
Sage Therapeutics
SAGE
| – | – |
-16,200
| Closed | -$488K | – |
|
1230
Sally Beauty Holdings
SBH
$1.82B
| – | – |
-8,600
| Closed | -$253K | – |
|
1231
Charles Schwab
SCHW
$160B
| – | – |
-25,066
| Closed | -$634K | – |
|
1232
DELISTED
Sealed Air
SEE
| – | – |
-69,958
| Closed | -$3.22M | – |
|
1233
DELISTED
Select Medical
SEM
| – | – |
-34,776
| Closed | -$204K | – |
|
1234
SFL Corp
SFL
$1.68B
| – | – |
-11,200
| Closed | -$165K | – |
|
1235
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| – | – |
-15,300
| Closed | -$89K | – |
|
1236
Skywest
SKYW
$3.18B
| – | – |
-13,383
| Closed | -$354K | – |
|
1237
SLB Ltd
SLB
$74.4B
| – | – |
-22,224
| Closed | -$1.76M | – |
|
1238
SM Energy
SM
$6.84B
| – | – |
-20,762
| Closed | -$561K | – |
|
1239
TD Synnex
SNX
$18.2B
| – | – |
-7,420
| Closed | -$352K | – |
|
1240
Southern Company
SO
$109B
| – | – |
-28,748
| Closed | -$1.54M | – |
|
1241
Sohu.com
SOHU
$329M
| – | – |
-20,300
| Closed | -$769K | – |
|
1242
S&P Global
SPGI
$137B
| – | – |
-23,743
| Closed | -$2.55M | – |
|
1243
SiriusPoint
SPNT
$3.04B
| – | – |
-24,112
| Closed | -$283K | – |
|
1244
E.W. Scripps
SSP
$330M
| – | – |
-22,012
| Closed | -$349K | – |
|
1245
State Street
STT
$46.5B
| – | – |
-14,443
| Closed | -$779K | – |
|
1246
DELISTED
Supernus Pharmaceuticals
SUPN
| – | – |
-11,861
| Closed | -$242K | – |
|
1247
AT&T
T
$147B
| – | – |
-90,483
| Closed | -$2.95M | – |
|
1248
DELISTED
Theravance Biopharma
TBPH
| – | – |
-12,300
| Closed | -$279K | – |
|
1249
Texas Capital Bancshares
TCBI
$4.39B
| – | – |
-13,697
| Closed | -$640K | – |
|
1250
Alaunos Therapeutics
TCRT
$4.24M
| – | – |
-125
| Closed | -$103K | – |
|
Similar funds
Squarepoint's Q3 2016 Portfolio in Review
As of Q3 2016, Squarepoint held 1,524 positions worth $1.51B, down 6% from $1.6B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Squarepoint withdrew a net $125M in Q3 2016, closing 544 positions and reducing 270 holdings. Its most notable exit was EMC CORPORATION, an estimated $14.6M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 19% of assets, down from 22% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Squarepoint opened a new position in State Street SPDR S&P 500 ETF Trust worth $63.7M.
- Squarepoint's largest Q3 2016 buy was State Street SPDR S&P 500 ETF Trust: 294,609 shares worth $63.7M.
- Squarepoint added most to Bristol-Myers Squibb in Q3 2016, an estimated $21.4M increase.
- Squarepoint's biggest Q3 2016 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $228M.
- Squarepoint fully exited EMC CORPORATION in Q3 2016, selling an estimated $14.6M.
- Squarepoint's ten largest holdings make up 15% of its $1.51B portfolio in Q3 2016.
- Squarepoint opened 456 new positions and closed 544 in Q3 2016.
- Squarepoint's portfolio value fell 6% quarter-over-quarter to $1.51B.
Based on Squarepoint's 13F filing for Q3 2016, filed 15 Nov 2016.