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 | |
|---|---|---|---|---|---|---|---|
1251
Truist Financial
TFC
$60.2B
| – | – |
-18,483
| Closed | -$658K | – |
|
1252
TFS Financial
TFSL
$4.59B
| – | – |
-11,201
| Closed | -$193K | – |
|
1253
Target
TGT
$73.9B
| – | – |
-20,462
| Closed | -$1.43M | – |
|
1254
iShares 20+ Year Treasury Bond ETF
TLT
$48.5B
| – | – |
-30,808
| Closed | -$4.28M | – |
|
1255
Thermo Fisher Scientific
TMO
$266B
| – | – |
-7,729
| Closed | -$1.14M | – |
|
1256
Thomson Reuters
TRI
$47.2B
| – | – |
-15,390
| Closed | -$722K | – |
|
1257
TransUnion
TRU
$15.6B
| – | – |
-6,900
| Closed | -$231K | – |
|
1258
Travelers Companies
TRV
$81.8B
| – | – |
-14,371
| Closed | -$1.71M | – |
|
1259
TSMC
TSM
$2.14T
| – | – |
-33,200
| Closed | -$871K | – |
|
1260
Take-Two Interactive
TTWO
$43.3B
| – | – |
-30,101
| Closed | -$1.14M | – |
|
1261
Titan International
TWI
$332M
| – | – |
-13,965
| Closed | -$87K | – |
|
|
TWO
1262
DELISTED
Two Harbors Investment
TWO
| – | – |
-6,417
| Closed | -$439K | – |
|
1263
Tyler Technologies
TYL
$16.9B
| – | – |
-8,699
| Closed | -$1.45M | – |
|
1264
Under Armour
UAA
$2.15B
| – | – |
-36,866
| Closed | -$1.48M | – |
|
1265
UDR
UDR
$11.6B
| – | – |
-18,561
| Closed | -$685K | – |
|
1266
Uranium Energy
UEC
$3.58B
| – | – |
-76,700
| Closed | -$67K | – |
|
1267
UMB Financial
UMBF
$10.2B
| – | – |
-4,346
| Closed | -$231K | – |
|
1268
Unifirst Corp
UNF
$4.36B
| – | – |
-11,455
| Closed | -$1.33M | – |
|
1269
Union Pacific
UNP
$179B
| – | – |
-4,028
| Closed | -$351K | – |
|
1270
United Parcel Service
UPS
$95.7B
| – | – |
-2,215
| Closed | -$239K | – |
|
1271
US Bancorp
USB
$94.6B
| – | – |
-69,700
| Closed | -$2.81M | – |
|
1272
Energy Fuels
UUUU
$1.84B
| – | – |
-22,900
| Closed | -$52K | – |
|
1273
Vale
VALE
$49.3B
| – | – |
-62,800
| Closed | -$318K | – |
|
1274
VNET Group
VNET
$995M
| – | – |
-52,500
| Closed | -$536K | – |
|
1275
Voya Financial
VOYA
$9.26B
| – | – |
-40,892
| Closed | -$1.01M | – |
|
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.