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 | |
|---|---|---|---|---|---|---|---|
1351
Travere Therapeutics
TVTX
$4.66B
| – | – |
-10,400
| Closed | -$142K | – |
|
1352
TherapeuticsMD
TXMD
$20.6M
| – | – |
-312
| Closed | -$100K | – |
|
1353
United Airlines
UAL
$34.8B
| – | – |
-83,819
| Closed | -$5.02M | – |
|
1354
United Bankshares
UBSI
$6.6B
| – | – |
-5,578
| Closed | -$205K | – |
|
1355
United Fire Group
UFCS
$1.46B
| – | – |
-7,200
| Closed | -$316K | – |
|
1356
Unisys
UIS
$172M
| – | – |
-31,200
| Closed | -$240K | – |
|
1357
United Natural Foods
UNFI
$2.72B
| – | – |
-35,741
| Closed | -$1.44M | – |
|
1358
UnitedHealth
UNH
$363B
| – | – |
-19,244
| Closed | -$2.48M | – |
|
1359
Uniti Group
UNIT
$1.23B
| – | – |
-53,053
| Closed | -$1.18M | – |
|
1360
United Rentals
URI
$72.8B
| – | – |
-14,942
| Closed | -$929K | – |
|
1361
Universal Corp
UVV
$983M
| – | – |
-5,037
| Closed | -$286K | – |
|
1362
Visa
V
$786B
| – | – |
-32,113
| Closed | -$2.46M | – |
|
1363
Marriott Vacations Worldwide
VAC
$4.08B
| – | – |
-6,134
| Closed | -$414K | – |
|
1364
Vanda Pharmaceuticals
VNDA
$227M
| – | – |
-25,600
| Closed | -$214K | – |
|
1365
Vornado Realty Trust
VNO
$6.32B
| – | – |
-17,377
| Closed | -$1.33M | – |
|
1366
DELISTED
Verint Systems
VRNT
| – | – |
-43,180
| Closed | -$734K | – |
|
1367
Verizon
VZ
$188B
| – | – |
-101,917
| Closed | -$5.51M | – |
|
1368
Wabtec
WAB
$49.3B
| – | – |
-5,505
| Closed | -$436K | – |
|
1369
Western Digital
WDC
$130B
| – | – |
-13,030
| Closed | -$465K | – |
|
1370
WD-40
WDFC
$2.97B
| – | – |
-5,437
| Closed | -$588K | – |
|
1371
WEX
WEX
$5.98B
| – | – |
-5,290
| Closed | -$441K | – |
|
1372
Westlake Corp
WLK
$8.75B
| – | – |
-8,600
| Closed | -$398K | – |
|
1373
Waste Management
WM
$93.3B
| – | – |
-4,277
| Closed | -$252K | – |
|
1374
W.R. Berkley
WRB
$27.9B
| – | – |
-52,110
| Closed | -$868K | – |
|
1375
Wintrust Financial
WTFC
$10.5B
| – | – |
-5,177
| Closed | -$230K | – |
|
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.