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 Core MSCI Emerging Markets ETF
IEMG
|
+$203M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$91.1M |
| 3 |
PG&E
PCG
|
+$57.7M |
| 4 |
VanEck Gold Miners ETF
GDX
|
+$53.7M |
| 5 |
Boston Scientific
BSX
|
+$41.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Japan ETF
EWJ
|
+$67M |
| 2 |
iShares MSCI India ETF
INDA
|
+$55.1M |
| 3 |
Apple
AAPL
|
+$50.9M |
| 4 |
Intuit
INTU
|
+$43.3M |
| 5 |
Lowe's Companies
LOW
|
+$41.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 15.3% |
| 2 | Consumer Discretionary | 13.6% |
| 3 | Technology | 11.89% |
| 4 | Healthcare | 11.31% |
| 5 | Industrials | 10.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
126
The Gap Inc
GAP
$7.56B
| $9.7M | 0.17% |
284,291
-71,127
| -20% | -$2.12M |
2016 Q4
4 quarters
|
|
127
Las Vegas Sands
LVS
$26.1B
| $9.6M | 0.17% |
138,513
-120,937
| -47% | -$8.07M |
2016 Q4
4 quarters
|
|
128
Palo Alto Networks
PANW
$274B
| $9.6M | 0.17% |
396,438
-78,966
| -17% | -$1.92M |
2016 Q3
5 quarters
|
|
129
Citigroup
C
$206B
| $9.6M | 0.17% |
128,546
+101,454
| +374% | +$7.5M |
2017 Q3
1 quarter
|
|
130
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.1B
| $9.5M | 0.17% |
38,600
+14,100
| +58% | +$3.34M |
2017 Q1
3 quarters
|
|
131
CarMax
KMX
$7.65B
| $9.44M | 0.16% |
+147,237
| New | +$10.5M |
2017 Q4
0 quarters
|
|
132
Kohl's
KSS
$2.79B
| $9.4M | 0.16% |
173,365
-123,464
| -42% | -$5.68M |
2017 Q3
1 quarter
|
|
133
Waste Management
WM
$95.5B
| $9.38M | 0.16% |
108,639
+5,050
| +5% | +$411K |
2016 Q3
5 quarters
|
|
134
CALL
SPDR Gold Trust
GLD
$133B
| $9.35M | 0.16% |
75,600
+33,800
| +81% | +$4.1M |
2017 Q1
3 quarters
|
|
135
Raymond James Financial
RJF
$32.1B
| $9.24M | 0.16% |
155,127
+122,140
| +370% | +$7.04M |
2016 Q2
6 quarters
|
|
136
Pinnacle West Capital
PNW
$13.1B
| $9.23M | 0.16% |
108,345
-56,889
| -34% | -$5.02M |
2016 Q3
5 quarters
|
|
137
CVS Health
CVS
$115B
| $9.22M | 0.16% |
127,198
+22,578
| +22% | +$1.64M |
2017 Q3
1 quarter
|
|
|
CELG
138
DELISTED
Celgene Corp
CELG
| $9.15M | 0.16% |
+87,664
| New | +$9.9M |
2017 Q4
0 quarters
|
|
139
Dell
DELL
$238B
| $9.12M | 0.16% |
+399,753
| New | +$9.06M |
2017 Q4
0 quarters
|
|
140
Becton Dickinson
BDX
$58.4B
| $9.08M | 0.16% |
43,457
+34,162
| +368% | +$7.15M |
2016 Q2
6 quarters
|
|
|
AET
141
DELISTED
Aetna Inc
AET
| $9.05M | 0.16% |
50,152
-123,904
| -71% | -$21.3M |
2017 Q2
2 quarters
|
|
142
Fifth Third Bancorp
FITB
$49.2B
| $8.93M | 0.16% |
+294,433
| New | +$8.59M |
2017 Q4
0 quarters
|
|
143
Fidelity National Financial
FNF
$11.8B
| $8.86M | 0.15% |
+234,757
| New | +$8.56M |
2017 Q4
0 quarters
|
|
144
Amgen
AMGN
$253B
| $8.81M | 0.15% |
50,667
+20,603
| +69% | +$3.65M |
2016 Q3
5 quarters
|
|
145
Sprouts Farmers Market
SFM
$4.66B
| $8.78M | 0.15% |
360,679
+247,657
| +219% | +$5.25M |
2017 Q2
2 quarters
|
|
146
Yum! Brands
YUM
$43B
| $8.78M | 0.15% |
107,568
-83,909
| -44% | -$6.64M |
2016 Q3
5 quarters
|
|
147
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.26B
| $8.73M | 0.15% |
79,242
-1,653
| -2% | -$183K |
2017 Q3
1 quarter
|
|
148
KLA
KLAC
$210B
| $8.67M | 0.15% |
824,900
+802,900
| +3,650% | +$8.46M |
2016 Q1
7 quarters
|
|
149
Alaska Air
ALK
$4.63B
| $8.66M | 0.15% |
117,801
-60,814
| -34% | -$4.32M |
2017 Q1
3 quarters
|
|
150
Kimco Realty
KIM
$17B
| $8.66M | 0.15% |
+476,911
| New | +$8.93M |
2017 Q4
0 quarters
|
|
Similar funds
Squarepoint's Q4 2017 Portfolio in Review
As of Q4 2017, Squarepoint held 2,530 positions worth $5.74B, up 10% from $5.2B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Squarepoint deployed $341M of net new capital in Q4 2017, opening 949 new positions and adding to 622 existing holdings. Its largest new stake was Boston Scientific: 1,494,796 shares worth $37.1M.
By sector, the portfolio is most concentrated in Miscellaneous at 15% of assets, up from 14% a quarter earlier, followed by Consumer Discretionary and Technology.
On the sell side, the largest reduction was Apple, an estimated $50.9M trimmed.
- Squarepoint's largest Q4 2017 buy was Boston Scientific: 1,494,796 shares worth $37.1M.
- Squarepoint added most to iShares Core MSCI Emerging Markets ETF in Q4 2017, an estimated $203M increase.
- Squarepoint's biggest Q4 2017 reduction was Apple, cutting an estimated $50.9M.
- Squarepoint fully exited iShares MSCI Japan ETF in Q4 2017, selling an estimated $67M.
- Squarepoint's ten largest holdings make up 15% of its $5.74B portfolio in Q4 2017.
- Squarepoint opened 949 new positions and closed 486 in Q4 2017.
- Squarepoint's portfolio value rose 10% quarter-over-quarter to $5.74B.
Based on Squarepoint's 13F filing for Q4 2017, filed 14 Feb 2018.