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 | |
|---|---|---|---|---|---|---|---|
1351
DELISTED
Air Transport Services Group
ATSG
| $225K | 0.01% |
+14,071
| New | +$217K |
2016 Q4
0 quarters
|
|
1352
BioCryst Pharmaceuticals
BCRX
$1.98B
| $224K | 0.01% |
+35,425
| New | +$184K |
2016 Q4
0 quarters
|
|
1353
Clean Energy Fuels
CLNE
$437M
| $224K | 0.01% |
+78,300
| New | +$296K |
2016 Q4
0 quarters
|
|
|
REGI
1354
DELISTED
Renewable Energy Group, Inc.
REGI
| $224K | 0.01% |
+23,122
| New | +$216K |
2016 Q4
0 quarters
|
|
1355
DELISTED
BlackRock CA Municipal Income Trust
BFZ
| $223K | 0.01% |
+15,400
| New | +$232K |
2016 Q4
0 quarters
|
|
1356
Evolution Petroleum
EPM
$141M
| $223K | 0.01% |
+22,271
| New | +$187K |
2016 Q4
0 quarters
|
|
1357
Embraer S.A. ADS
EMBJ
$14.1B
| $223K | 0.01% |
+11,563
| New | +$226K |
2016 Q4
0 quarters
|
|
1358
PIMCO Income Strategy Fund II
PFN
$604M
| $223K | 0.01% |
+23,498
| New | +$218K |
2016 Q4
0 quarters
|
|
1359
Palatin Technologies
PTN
$11.7M
| $223K | 0.01% |
+350
| New | +$244K |
2016 Q4
0 quarters
|
|
1360
Regenxbio
RGNX
$531M
| $223K | 0.01% |
+12,038
| New | +$230K |
2016 Q4
0 quarters
|
|
|
NEV
1361
DELISTED
NUVEEN ENHANCED MUNICIPAL VALUE FUND
NEV
| $223K | 0.01% |
+15,917
| New | +$233K |
2016 Q4
0 quarters
|
|
1362
Ares Commercial Real Estate
ACRE
$193M
| $222K | 0.01% |
16,175
-765
| -5% | -$10.2K |
2016 Q3
1 quarter
|
|
1363
Houlihan Lokey
HLI
$10B
| $222K | 0.01% |
+7,123
| New | +$193K |
2016 Q4
0 quarters
|
|
1364
Patrick Industries
PATK
$2.52B
| $222K | 0.01% |
+6,552
| New | +$193K |
2016 Q4
0 quarters
|
|
|
CTRL
1365
DELISTED
Control4 Corporation
CTRL
| $222K | 0.01% |
+21,755
| New | +$248K |
2016 Q4
0 quarters
|
|
1366
Blackrock
BLK
$188B
| $221K | 0.01% |
581
-1,822
| -76% | -$668K |
2016 Q3
1 quarter
|
|
1367
Kadant
KAI
$3.49B
| $221K | 0.01% |
+3,612
| New | +$208K |
2016 Q4
0 quarters
|
|
|
PTHN
1368
DELISTED
Patheon N.V.
PTHN
| $221K | 0.01% |
+7,700
| New | +$213K |
2016 Q4
0 quarters
|
|
1369
DELISTED
BlackRock Municipal Income Trust II
BLE
| $220K | 0.01% |
+15,157
| New | +$224K |
2016 Q4
0 quarters
|
|
|
TPCO
1370
DELISTED
Tribune Publishing Company Common Stock
TPCO
| $220K | 0.01% |
+15,883
| New | +$221K |
2016 Q4
0 quarters
|
|
|
QADA
1371
DELISTED
QAD Inc.
QADA
| $220K | 0.01% |
+7,239
| New | +$190K |
2016 Q4
0 quarters
|
|
1372
DELISTED
Blueprint Medicines
BPMC
| $219K | 0.01% |
+7,800
| New | +$235K |
2016 Q4
0 quarters
|
|
1373
Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP
$384M
| $219K | 0.01% |
+9,200
| New | +$217K |
2016 Q4
0 quarters
|
|
|
MJN
1374
DELISTED
Mead Johnson Nutrition Company
MJN
| $219K | 0.01% |
3,088
-4,159
| -57% | -$310K |
2015 Q3
5 quarters
|
|
1375
Credit Acceptance
CACC
$5.1B
| $218K | 0.01% |
+1,000
| New | +$194K |
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.