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 MIDCAP 400 ETF Trust
MDY
|
+$223M |
| 2 |
CVS Health
CVS
|
+$18.9M |
| 3 |
American International
AIG
|
+$16.3M |
| 4 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$13.4M |
| 5 |
TJX Companies
TJX
|
+$12.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chubb
CB
|
+$12.6M |
| 2 |
Crown Castle
CCI
|
+$7.91M |
| 3 |
Eli Lilly
LLY
|
+$7.58M |
| 4 |
RTX Corp
RTX
|
+$7.28M |
| 5 |
Deere & Co
DE
|
+$7.24M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 22.16% |
| 2 | Consumer Discretionary | 11.77% |
| 3 | Financials | 11.5% |
| 4 | Healthcare | 9.84% |
| 5 | Technology | 9.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1301
PTC Therapeutics
PTCT
$5.69B
| – | – |
-50,800
| Closed | -$327K | – |
|
1302
Papa John's
PZZA
$611M
| – | – |
-15,514
| Closed | -$841K | – |
|
1303
DELISTED
Qorvo
QRVO
| – | – |
-12,241
| Closed | -$617K | – |
|
1304
Ribbon Communications
RBBN
$290M
| – | – |
-17,400
| Closed | -$131K | – |
|
1305
Regeneron Pharmaceuticals
REGN
$99.4B
| – | – |
-4,726
| Closed | -$1.7M | – |
|
1306
Rambus
RMBS
$9B
| – | – |
-19,139
| Closed | -$263K | – |
|
1307
RenaissanceRe
RNR
$14.2B
| – | – |
-4,537
| Closed | -$544K | – |
|
1308
Rollins
ROL
$18B
| – | – |
-76,844
| Closed | -$926K | – |
|
1309
Ross Stores
ROST
$73.7B
| – | – |
-36,627
| Closed | -$2.12M | – |
|
1310
RPM International
RPM
$13.7B
| – | – |
-9,991
| Closed | -$473K | – |
|
|
1311
RTX Corp
RTX
$275B
| – | – |
-115,531
| Closed | -$7.28M | – |
|
1312
Redwood Trust
RWT
$391M
| – | – |
-10,800
| Closed | -$141K | – |
|
1313
Rayonier Advanced Materials
RYAM
$467M
| – | – |
-12,592
| Closed | -$120K | – |
|
1314
Boston Beer
SAM
$2.25B
| – | – |
-1,190
| Closed | -$220K | – |
|
1315
Sabra Healthcare REIT
SBRA
$5.04B
| – | – |
-13,173
| Closed | -$265K | – |
|
1316
Starbucks
SBUX
$119B
| – | – |
-43,420
| Closed | -$2.59M | – |
|
1317
Southern Copper
SCCO
$148B
| – | – |
-11,915
| Closed | -$299K | – |
|
1318
Comscore
SCOR
$51.3M
| – | – |
-1,452
| Closed | -$872K | – |
|
1319
Stifel
SF
$10.3B
| – | – |
-22,273
| Closed | -$293K | – |
|
1320
ServisFirst Bancshares
SFBS
$4.53B
| – | – |
-20,400
| Closed | -$226K | – |
|
1321
Sprouts Farmers Market
SFM
$5.09B
| – | – |
-34,795
| Closed | -$1.01M | – |
|
1322
Shake Shack
SHAK
$2.83B
| – | – |
-24,405
| Closed | -$911K | – |
|
1323
Tanger
SKT
$4.32B
| – | – |
-5,596
| Closed | -$204K | – |
|
1324
DELISTED
Skechers
SKX
| – | – |
-47,848
| Closed | -$1.46M | – |
|
1325
Silgan Holdings
SLGN
$4.5B
| – | – |
-14,604
| Closed | -$388K | – |
|
Similar funds
Squarepoint's Q2 2016 Portfolio in Review
As of Q2 2016, Squarepoint held 1,549 positions worth $1.6B, up 24% from $1.29B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Squarepoint deployed $307M of net new capital in Q2 2016, opening 435 new positions and adding to 314 existing holdings. Its largest new stake was State Street SPDR S&P MIDCAP 400 ETF Trust: 833,964 shares worth $227M.
By sector, the portfolio is most concentrated in Miscellaneous at 22% of assets, up from 2.8% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Crown Castle, an estimated $7.91M trimmed.
- Squarepoint's largest Q2 2016 buy was State Street SPDR S&P MIDCAP 400 ETF Trust: 833,964 shares worth $227M.
- Squarepoint added most to CVS Health in Q2 2016, an estimated $18.9M increase.
- Squarepoint's biggest Q2 2016 reduction was Crown Castle, cutting an estimated $7.91M.
- Squarepoint fully exited Chubb in Q2 2016, selling an estimated $12.6M.
- Squarepoint's ten largest holdings make up 23% of its $1.6B portfolio in Q2 2016.
- Squarepoint opened 435 new positions and closed 482 in Q2 2016.
- Squarepoint's portfolio value rose 24% quarter-over-quarter to $1.6B.
Based on Squarepoint's 13F filing for Q2 2016, filed 15 Aug 2016.