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 | |
|---|---|---|---|---|---|---|---|
|
GRUB
1401
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $211K | 0.01% |
2,800
-1,000
| -26% | -$77.1K |
2016 Q3
1 quarter
|
|
1402
Flexsteel Industries
FLXS
$313M
| $210K | 0.01% |
+3,410
| New | +$177K |
2016 Q4
0 quarters
|
|
1403
Western Asset Managed Municipals Fund
MMU
$506M
| $210K | 0.01% |
+15,300
| New | +$212K |
2016 Q4
0 quarters
|
|
1404
Par Pacific Holdings
PARR
$3.61B
| $210K | 0.01% |
+14,460
| New | +$206K |
2016 Q4
0 quarters
|
|
1405
PIMCO Corporate & Income Strategy Fund
PCN
$811M
| $210K | 0.01% |
+14,200
| New | +$210K |
2016 Q4
0 quarters
|
|
|
AGTC
1406
DELISTED
Applied Genetic Technologies Corporation
AGTC
| $210K | 0.01% |
+22,425
| New | +$202K |
2016 Q4
0 quarters
|
|
1407
Federal Signal
FSS
$7.02B
| $209K | 0.01% |
+13,399
| New | +$193K |
2016 Q4
0 quarters
|
|
1408
RBC Bearings
RBC
$15.5B
| $209K | 0.01% |
+2,251
| New | +$182K |
2016 Q4
0 quarters
|
|
1409
World Kinect Corp
WKC
$1.78B
| $209K | 0.01% |
+4,550
| New | +$203K |
2016 Q4
0 quarters
|
|
1410
DELISTED
Everbank Financial Corp
EVER
| $209K | 0.01% |
10,731
-13,969
| -57% | -$270K |
2016 Q3
1 quarter
|
|
1411
Covenant Logistics
CVLG
$834M
| $208K | 0.01% |
+21,502
| New | +$201K |
2016 Q4
0 quarters
|
|
1412
First Citizens BancShares
FCNCA
$25.6B
| $208K | 0.01% |
+587
| New | +$192K |
2016 Q4
0 quarters
|
|
1413
DELISTED
Light & Wonder
LNW
| $208K | 0.01% |
14,846
-2,863
| -16% | -$39.2K |
2015 Q4
4 quarters
|
|
1414
Western Union
WU
$2.08B
| $208K | 0.01% |
9,555
-21,572
| -69% | -$448K |
2015 Q4
4 quarters
|
|
1415
DELISTED
Mr. Cooper
COOP
| $207K | 0.01% |
+11,124
| New | +$239K |
2016 Q4
0 quarters
|
|
|
EVM
1416
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
| $207K | 0.01% |
+18,200
| New | +$215K |
2016 Q4
0 quarters
|
|
1417
Mercantile Bank Corp
MBWM
$1.06B
| $207K | 0.01% |
+5,487
| New | +$173K |
2016 Q4
0 quarters
|
|
1418
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
| $207K | 0.01% |
+15,400
| New | +$212K |
2016 Q4
0 quarters
|
|
1419
Franklin Municipal Opportunities Trust
PMO
$278M
| $207K | 0.01% |
+17,300
| New | +$212K |
2016 Q4
0 quarters
|
|
1420
Saba Capital Income & Opportunities Fund II
SABA
$199M
| $207K | 0.01% |
+15,950
| New | +$201K |
2016 Q4
0 quarters
|
|
|
MCA
1421
DELISTED
BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC
MCA
| $207K | 0.01% |
+14,300
| New | +$212K |
2016 Q4
0 quarters
|
|
1422
DELISTED
Calgon Carbon Corp
CCC
| $207K | 0.01% |
+12,199
| New | +$204K |
2016 Q4
0 quarters
|
|
|
STMP
1423
DELISTED
Stamps.com, Inc.
STMP
| $207K | 0.01% |
+1,805
| New | +$188K |
2016 Q4
0 quarters
|
|
1424
Rigel Pharmaceuticals
RIGL
$860M
| $206K | 0.01% |
+8,670
| New | +$248K |
2016 Q4
0 quarters
|
|
1425
Vanguard FTSE Emerging Markets ETF
VWO
$119B
| $206K | 0.01% |
+5,750
| New | +$211K |
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.