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 | 11.04% |
| 5 | Industrials | 10.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1226
DELISTED
Metaldyne Performance Group Inc.
MPG
| $269K | 0.01% |
+11,700
| New | +$223K |
2016 Q4
0 quarters
|
|
|
AIRM
1227
DELISTED
Air Methods Corp
AIRM
| $269K | 0.01% |
+8,440
| New | +$260K |
2016 Q4
0 quarters
|
|
1228
DELISTED
Nuveen New Jersey Quality Municipal Income Fund
NXJ
| $266K | 0.01% |
+20,200
| New | +$277K |
2016 Q4
0 quarters
|
|
1229
NYLIM MacKay DefinedTerm Muni Opportunities Fund
MMD
$261M
| $265K | 0.01% |
+14,500
| New | +$275K |
2016 Q4
0 quarters
|
|
|
TSRO
1230
DELISTED
TESARO, Inc.
TSRO
| $265K | 0.01% |
1,971
-229
| -10% | -$28.9K |
2016 Q3
1 quarter
|
|
|
SCTL
1231
DELISTED
Societal CDMO, Inc. Common Stock
SCTL
| $264K | 0.01% |
+36,572
| New | +$250K |
2016 Q4
0 quarters
|
|
1232
DELISTED
Bazaarvoice, Inc.
BV
| $264K | 0.01% |
54,520
-12,184
| -18% | -$62K |
2016 Q3
1 quarter
|
|
1233
Extreme Networks
EXTR
$3.57B
| $263K | 0.01% |
+52,210
| New | +$237K |
2016 Q4
0 quarters
|
|
1234
Inovio Pharmaceuticals
INO
$262M
| $262K | 0.01% |
3,152
+1,644
| +109% | +$149K |
2016 Q3
1 quarter
|
|
1235
Modine Manufacturing
MOD
$5.64B
| $262K | 0.01% |
+17,572
| New | +$220K |
2016 Q4
0 quarters
|
|
1236
Metallus
MTUS
$717M
| $262K | 0.01% |
+16,905
| New | +$226K |
2016 Q4
0 quarters
|
|
|
HT
1237
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $262K | 0.01% |
+12,171
| New | +$237K |
2016 Q4
0 quarters
|
|
1238
Barrett Business Services
BBSI
$744M
| $261K | 0.01% |
+16,296
| New | +$219K |
2016 Q4
0 quarters
|
|
1239
MBIA
MBI
$239M
| $261K | 0.01% |
+24,356
| New | +$225K |
2016 Q4
0 quarters
|
|
1240
Toronto Dominion Bank
TD
$202B
| $261K | 0.01% |
+5,298
| New | +$248K |
2016 Q4
0 quarters
|
|
|
BFYT
1241
DELISTED
Benefytt Technologies, Inc. Class A Common Stock
BFYT
| $261K | 0.01% |
+14,600
| New | +$143K |
2016 Q4
0 quarters
|
|
1242
DELISTED
Mobileye N.V.
MBLY
| $261K | 0.01% |
6,852
-6,917
| -50% | -$260K |
2016 Q1
3 quarters
|
|
|
ELNK
1243
DELISTED
EarthLink Holdings Corp.
ELNK
| $261K | 0.01% |
46,262
+23,527
| +103% | +$134K |
2015 Q4
4 quarters
|
|
1244
DELISTED
Team Health Holdings Inc
TMH
| $261K | 0.01% |
+6,000
| New | +$248K |
2016 Q4
0 quarters
|
|
1245
CSW Industrials
CSW
$4.59B
| $260K | 0.01% |
+7,062
| New | +$240K |
2016 Q4
0 quarters
|
|
1246
Keysight
KEYS
$51.8B
| $259K | 0.01% |
+7,091
| New | +$244K |
2016 Q4
0 quarters
|
|
1247
DELISTED
Instructure, Inc.
INST
| $258K | 0.01% |
+13,199
| New | +$283K |
2016 Q4
0 quarters
|
|
1248
Forestar Group
FOR
$1.13B
| $257K | 0.01% |
+19,304
| New | +$236K |
2016 Q4
0 quarters
|
|
1249
RingCentral
RNG
$6.34B
| $257K | 0.01% |
+12,483
| New | +$273K |
2016 Q4
0 quarters
|
|
1250
Redwood Trust
RWT
$332M
| $257K | 0.01% |
+16,912
| New | +$248K |
2016 Q4
0 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.