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 MSCI Taiwan ETF
EWT
|
+$89.9M |
| 2 |
VanEck Gold Miners ETF
GDX
|
+$71.9M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$69M |
| 4 |
iShares China Large-Cap ETF
FXI
|
+$66M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$58.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$33M |
| 2 |
Altria Group
MO
|
+$32.4M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
+$26.5M |
| 4 |
CVS Health
CVS
|
+$24.7M |
| 5 |
Medtronic
MDT
|
+$22.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 17.23% |
| 2 | Technology | 14.6% |
| 3 | Healthcare | 11.36% |
| 4 | Industrials | 11.26% |
| 5 | Consumer Discretionary | 10.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1251
James River Group Holdings
JRVR
$143M
| $230K | ﹤0.01% |
5,800
+400
| +7% | +$16.4K |
2016 Q4
2 quarters
|
|
1252
Merit Medical Systems
MMSI
$5.26B
| $230K | ﹤0.01% |
+6,017
| New | +$201K |
2017 Q2
0 quarters
|
|
|
CNCE
1253
DELISTED
Concert Pharmaceuticals, Inc.
CNCE
| $229K | ﹤0.01% |
16,400
+2,636
| +19% | +$38.9K |
2016 Q4
2 quarters
|
|
1254
Forestar Group
FOR
$1.22B
| $228K | ﹤0.01% |
13,288
-24,963
| -65% | -$372K |
2016 Q4
2 quarters
|
|
1255
Heartland Express
HTLD
$810M
| $228K | ﹤0.01% |
10,927
-13,483
| -55% | -$269K |
2017 Q1
1 quarter
|
|
1256
Illinois Tool Works
ITW
$81.2B
| $228K | ﹤0.01% |
1,595
-26,034
| -94% | -$3.63M |
2016 Q4
2 quarters
|
|
1257
Vulcan Materials
VMC
$36.9B
| $228K | ﹤0.01% |
1,801
-57,952
| -97% | -$7.28M |
2016 Q4
2 quarters
|
|
|
AHL
1258
DELISTED
ASPEN Insurance Holding Limited
AHL
| $228K | ﹤0.01% |
+4,569
| New | +$232K |
2017 Q2
0 quarters
|
|
|
BBL
1259
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $228K | ﹤0.01% |
7,407
-139,673
| -95% | -$4.29M |
2016 Q2
4 quarters
|
|
|
SSRI
1260
DELISTED
Silver Standard Resources
SSRI
| $228K | ﹤0.01% |
23,464
-54,835
| -70% | -$551K |
2016 Q4
2 quarters
|
|
1261
DELISTED
Vonage Holdings Corporation
VG
| $228K | ﹤0.01% |
34,900
-7,649
| -18% | -$51.1K |
2016 Q3
3 quarters
|
|
1262
Northwest Bancshares
NWBI
$2.25B
| $227K | ﹤0.01% |
+14,556
| New | +$232K |
2017 Q2
0 quarters
|
|
1263
Oxford Lane Capital
OXLC
$484M
| $227K | ﹤0.01% |
+4,580
| New | +$246K |
2017 Q2
0 quarters
|
|
1264
Commerce Bancshares
CBSH
$7.95B
| $226K | ﹤0.01% |
6,171
-8,914
| -59% | -$318K |
2017 Q1
1 quarter
|
|
1265
Pitney Bowes
PBI
$2.07B
| $226K | ﹤0.01% |
+14,969
| New | +$219K |
2017 Q2
0 quarters
|
|
1266
Stellantis
STLA
$12.7B
| $226K | ﹤0.01% |
21,323
+5,734
| +37% | +$61K |
2017 Q1
1 quarter
|
|
1267
DELISTED
ModivCare
MODV
| $225K | ﹤0.01% |
4,442
-8,053
| -64% | -$370K |
2017 Q1
1 quarter
|
|
1268
Monro
MNRO
$342M
| $223K | ﹤0.01% |
+5,351
| New | +$267K |
2017 Q2
0 quarters
|
|
1269
The Ensign Group
ENSG
$10.7B
| $222K | ﹤0.01% |
+10,879
| New | +$198K |
2017 Q2
0 quarters
|
|
1270
Vanda Pharmaceuticals
VNDA
$244M
| $222K | ﹤0.01% |
13,600
-15,776
| -54% | -$227K |
2016 Q4
2 quarters
|
|
1271
Ducommun
DCO
$2.21B
| $221K | ﹤0.01% |
6,989
-2,221
| -24% | -$69K |
2016 Q4
2 quarters
|
|
1272
DELISTED
SEMGROUP CORPORATION
SEMG
| $221K | ﹤0.01% |
+8,177
| New | +$254K |
2017 Q2
0 quarters
|
|
1273
Ionis Pharmaceuticals
IONS
$4.91B
| $220K | ﹤0.01% |
4,328
-672
| -13% | -$31.3K |
2017 Q1
1 quarter
|
|
1274
Bank of New York Mellon
BNY
$102B
| $219K | ﹤0.01% |
+4,289
| New | +$205K |
2017 Q2
0 quarters
|
|
|
MTSC
1275
DELISTED
MTS Systems Corp
MTSC
| $219K | ﹤0.01% |
+4,235
| New | +$216K |
2017 Q2
0 quarters
|
|
Similar funds
Squarepoint's Q2 2017 Portfolio in Review
As of Q2 2017, Squarepoint held 2,064 positions worth $5.08B, up 40% from $3.63B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Squarepoint deployed $1.39B of net new capital in Q2 2017, opening 586 new positions and adding to 519 existing holdings. Its largest new stake was iShares MSCI Taiwan ETF: 2,618,387 shares worth $93.6M.
By sector, the portfolio is most concentrated in Miscellaneous at 17% of assets, up from 15% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, an estimated $33M trimmed.
- Squarepoint's largest Q2 2017 buy was iShares MSCI Taiwan ETF: 2,618,387 shares worth $93.6M.
- Squarepoint added most to VanEck Gold Miners ETF in Q2 2017, an estimated $71.9M increase.
- Squarepoint's biggest Q2 2017 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $33M.
- Squarepoint fully exited iShares MSCI EAFE ETF in Q2 2017, selling an estimated $26.5M.
- Squarepoint's ten largest holdings make up 16% of its $5.08B portfolio in Q2 2017.
- Squarepoint opened 586 new positions and closed 568 in Q2 2017.
- Squarepoint's portfolio value rose 40% quarter-over-quarter to $5.08B.
Based on Squarepoint's 13F filing for Q2 2017, filed 14 Aug 2017.