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 | |
|---|---|---|---|---|---|---|---|
1451
Kimball Electronics
KE
$482M
| $194K | 0.01% |
+10,656
| New | +$171K |
2016 Q4
0 quarters
|
|
1452
BlackRock MuniAssets Fund
MUA
$649M
| $194K | 0.01% |
+14,400
| New | +$200K |
2016 Q4
0 quarters
|
|
1453
Northwest Bancshares
NWBI
$2.22B
| $194K | 0.01% |
+10,787
| New | +$184K |
2016 Q4
0 quarters
|
|
1454
Calamos Strategic Total Return Fund
CSQ
$3.13B
| $193K | 0.01% |
+18,800
| New | +$190K |
2016 Q4
0 quarters
|
|
1455
DELISTED
Great Lakes Dredge & Dock
GLDD
| $193K | 0.01% |
+46,002
| New | +$187K |
2016 Q4
0 quarters
|
|
|
SIGM
1456
DELISTED
Sigma Designs Inc
SIGM
| $193K | 0.01% |
32,139
-6,249
| -16% | -$45K |
2016 Q3
1 quarter
|
|
1457
Akebia Therapeutics
AKBA
$138M
| $192K | 0.01% |
+18,462
| New | +$159K |
2016 Q4
0 quarters
|
|
1458
Harmonic Inc
HLIT
$1.13B
| $192K | 0.01% |
+38,440
| New | +$197K |
2016 Q4
0 quarters
|
|
|
ZNGA
1459
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $191K | 0.01% |
74,500
-134,547
| -64% | -$380K |
2016 Q3
1 quarter
|
|
1460
Boot Barn
BOOT
$4B
| $190K | 0.01% |
+15,137
| New | +$204K |
2016 Q4
0 quarters
|
|
|
MHI
1461
DELISTED
Pioneer Municipal High Income Fund
MHI
| $189K | 0.01% |
+15,900
| New | +$196K |
2016 Q4
0 quarters
|
|
|
GLUU
1462
DELISTED
Glu Mobile Inc.
GLUU
| $189K | 0.01% |
+97,523
| New | +$204K |
2016 Q4
0 quarters
|
|
|
TRTN
1463
DELISTED
Triton International Limited
TRTN
| $188K | 0.01% |
+11,912
| New | +$191K |
2016 Q4
0 quarters
|
|
|
SALE
1464
DELISTED
RetailMeNot, Inc. Series 1
SALE
| $188K | 0.01% |
+20,175
| New | +$189K |
2016 Q4
0 quarters
|
|
1465
Caesars Entertainment
CZR
$5.97B
| $187K | 0.01% |
+11,036
| New | +$155K |
2016 Q4
0 quarters
|
|
1466
PIMCO Strategic Income Fund
RCS
$237M
| $187K | 0.01% |
+21,300
| New | +$197K |
2016 Q4
0 quarters
|
|
1467
DELISTED
Conn's Inc.
CONN
| $186K | 0.01% |
+14,700
| New | +$162K |
2016 Q4
0 quarters
|
|
|
RRTS
1468
DELISTED
RoadRunner Transportation Systems, Inc.
RRTS
| $185K | 0.01% |
+711
| New | +$165K |
2016 Q4
0 quarters
|
|
|
RPXC
1469
DELISTED
RPX Corporation
RPXC
| $185K | 0.01% |
+17,098
| New | +$180K |
2016 Q4
0 quarters
|
|
1470
Franklin Premier Income Trust
PPT
$315M
| $184K | 0.01% |
+37,000
| New | +$180K |
2016 Q4
0 quarters
|
|
1471
TG Therapeutics
TGTX
$9.8B
| $184K | 0.01% |
+39,605
| New | +$232K |
2016 Q4
0 quarters
|
|
|
MR
1472
DELISTED
Montage Resources Corporation Common Stock
MR
| $183K | 0.01% |
4,561
-294
| -6% | -$13.1K |
2016 Q3
1 quarter
|
|
|
WG
1473
DELISTED
Willbros Group
WG
| $183K | 0.01% |
+56,433
| New | +$130K |
2016 Q4
0 quarters
|
|
|
QUOT
1474
DELISTED
Quotient Technology Inc
QUOT
| $182K | 0.01% |
+16,903
| New | +$197K |
2016 Q4
0 quarters
|
|
1475
CytomX Therapeutics
CTMX
$445M
| $180K | 0.01% |
+16,360
| New | +$198K |
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.