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 | |
|---|---|---|---|---|---|---|---|
|
1376
Conagra Brands
CAG
$6.95B
| $218K | 0.01% |
5,500
-544,353
| -99% | -$20.3M |
2016 Q3
1 quarter
|
|
|
MEN
1377
DELISTED
Blackrock Muni Enhanced Fund, Inc.
MEN
| $218K | 0.01% |
+19,300
| New | +$224K |
2016 Q4
0 quarters
|
|
|
ORBC
1378
DELISTED
ORBCOMM, Inc.
ORBC
| $218K | 0.01% |
26,400
+12,700
| +93% | +$112K |
2016 Q2
2 quarters
|
|
1379
Chegg
CHGG
$65.3M
| $217K | 0.01% |
+29,413
| New | +$219K |
2016 Q4
0 quarters
|
|
1380
GoPro
GPRO
$124M
| $217K | 0.01% |
24,919
+4,119
| +20% | +$47.3K |
2016 Q3
1 quarter
|
|
1381
Iron Mountain
IRM
$34.1B
| $217K | 0.01% |
+6,677
| New | +$222K |
2016 Q4
0 quarters
|
|
1382
Natera
NTRA
$46.8B
| $217K | 0.01% |
+18,508
| New | +$204K |
2016 Q4
0 quarters
|
|
1383
Toyota
TM
$247B
| $217K | 0.01% |
+1,851
| New | +$216K |
2016 Q4
0 quarters
|
|
1384
DELISTED
VOXX International Corporation Class A
VOXX
| $217K | 0.01% |
+46,100
| New | +$201K |
2016 Q4
0 quarters
|
|
|
PERY
1385
DELISTED
Perry Ellis International Inc
PERY
| $217K | 0.01% |
+8,698
| New | +$195K |
2016 Q4
0 quarters
|
|
1386
Gentex
GNTX
$3.98B
| $216K | 0.01% |
10,977
-34,845
| -76% | -$634K |
2015 Q4
4 quarters
|
|
1387
DELISTED
Healthcare Realty Trust Incorporated
HR
| $216K | 0.01% |
+7,128
| New | +$217K |
2016 Q4
0 quarters
|
|
1388
Community Trust Bancorp
CTBI
$1.27B
| $215K | 0.01% |
+4,340
| New | +$177K |
2016 Q4
0 quarters
|
|
1389
DELISTED
Premier Financial Corp. Common Stock
PFC
| $215K | 0.01% |
+8,484
| New | +$192K |
2016 Q4
0 quarters
|
|
|
WMC
1390
DELISTED
Western Asset Mortgage Capital Corporation
WMC
| $215K | 0.01% |
+2,140
| New | +$221K |
2016 Q4
0 quarters
|
|
|
KMG
1391
DELISTED
KMG Chemicals Inc
KMG
| $215K | 0.01% |
+5,517
| New | +$176K |
2016 Q4
0 quarters
|
|
1392
DELISTED
Del Taco Restaurants, Inc. Common Stock
TACO
| $215K | 0.01% |
+15,200
| New | +$211K |
2016 Q4
0 quarters
|
|
1393
DELISTED
First of Long Island Corp
FLIC
| $214K | 0.01% |
+7,494
| New | +$185K |
2016 Q4
0 quarters
|
|
1394
Fabrinet
FN
$12.6B
| $214K | 0.01% |
+5,322
| New | +$222K |
2016 Q4
0 quarters
|
|
|
PETX
1395
DELISTED
Aratana Therapeutics, Inc.
PETX
| $214K | 0.01% |
+29,773
| New | +$241K |
2016 Q4
0 quarters
|
|
1396
Sanofi
SNY
$116B
| $213K | 0.01% |
+5,257
| New | +$207K |
2016 Q4
0 quarters
|
|
|
SGBK
1397
DELISTED
Stonegate Bank
SGBK
| $213K | 0.01% |
+5,111
| New | +$194K |
2016 Q4
0 quarters
|
|
1398
BlackRock MuniYield Quality Fund
MQY
$1.57B
| $212K | 0.01% |
+14,400
| New | +$218K |
2016 Q4
0 quarters
|
|
1399
Calamos Convertible and High Income Fund
CHY
$874M
| $211K | 0.01% |
+20,000
| New | +$211K |
2016 Q4
0 quarters
|
|
|
KBAL
1400
DELISTED
Kimball International
KBAL
| $211K | 0.01% |
+12,042
| New | +$177K |
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.