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 | |
|---|---|---|---|---|---|---|---|
1476
UMH Properties
UMH
$1.25B
| $180K | 0.01% |
+11,943
| New | +$153K |
2016 Q4
0 quarters
|
|
|
FPO
1477
DELISTED
First Potomac Realty Trust
FPO
| $180K | 0.01% |
+16,400
| New | +$155K |
2016 Q4
0 quarters
|
|
1478
DELISTED
BRF SA
BRFS
| $179K | 0.01% |
+12,149
| New | +$192K |
2016 Q4
0 quarters
|
|
1479
Calamos Convertible Opportunities and Income Fund
CHI
$868M
| $178K | 0.01% |
+17,600
| New | +$175K |
2016 Q4
0 quarters
|
|
1480
TherapeuticsMD
TXMD
$21.1M
| $177K | 0.01% |
614
+352
| +134% | +$109K |
2016 Q3
1 quarter
|
|
1481
BlackRock MuniYield New York Quality Fund
MYN
$857M
| $176K | 0.01% |
+13,900
| New | +$183K |
2016 Q4
0 quarters
|
|
|
RT
1482
DELISTED
Ruby Tuesday Georgia
RT
| $175K | 0.01% |
+54,069
| New | +$165K |
2016 Q4
0 quarters
|
|
1483
BlackRock Enhanced Captial and Income Fund
CII
$1.03B
| $174K | 0.01% |
+12,700
| New | +$169K |
2016 Q4
0 quarters
|
|
1484
Dynex Capital
DX
$2.59B
| $174K | 0.01% |
+8,512
| New | +$176K |
2016 Q4
0 quarters
|
|
1485
Western Asset Global High Income Fund
EHI
$158M
| $174K | 0.01% |
+17,700
| New | +$172K |
2016 Q4
0 quarters
|
|
1486
NeoGenomics
NEO
$2.14B
| $174K | 0.01% |
+20,325
| New | +$174K |
2016 Q4
0 quarters
|
|
1487
Invesco Trust for Investment Grade New York Municipals
VTN
$148M
| $174K | 0.01% |
+13,100
| New | +$180K |
2016 Q4
0 quarters
|
|
1488
Cerus
CERS
$392M
| $173K | 0.01% |
39,700
-19,928
| -33% | -$104K |
2016 Q3
1 quarter
|
|
1489
Farmers National Banc Corp
FMNB
$916M
| $173K | 0.01% |
+12,200
| New | +$148K |
2016 Q4
0 quarters
|
|
1490
Templeton Emerging Markets Income Fund
TEI
$287M
| $173K | 0.01% |
+15,900
| New | +$171K |
2016 Q4
0 quarters
|
|
|
IMH
1491
DELISTED
Impac Mortgage Holdings Inc.
IMH
| $173K | 0.01% |
+12,375
| New | +$183K |
2016 Q4
0 quarters
|
|
1492
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$591M
| $172K | 0.01% |
+12,400
| New | +$179K |
2016 Q4
0 quarters
|
|
|
AKAO
1493
DELISTED
Achaogen Inc
AKAO
| $172K | 0.01% |
+13,200
| New | +$90.5K |
2016 Q4
0 quarters
|
|
|
XCRA
1494
DELISTED
Xcerra Corporation
XCRA
| $172K | 0.01% |
+22,533
| New | +$145K |
2016 Q4
0 quarters
|
|
|
RSO
1495
DELISTED
Resource Capital Corp.
RSO
| $172K | 0.01% |
+20,600
| New | +$214K |
2016 Q4
0 quarters
|
|
1496
Acacia Research
ACTG
$406M
| $171K | 0.01% |
+26,326
| New | +$171K |
2016 Q4
0 quarters
|
|
1497
FormFactor
FORM
$7.22B
| $171K | 0.01% |
+15,263
| New | +$163K |
2016 Q4
0 quarters
|
|
1498
Titan Machinery
TITN
$550M
| $171K | 0.01% |
+11,716
| New | +$140K |
2016 Q4
0 quarters
|
|
|
GNMK
1499
DELISTED
GenMark Diagnostics, Inc
GNMK
| $171K | 0.01% |
+13,986
| New | +$166K |
2016 Q4
0 quarters
|
|
1500
Northern Oil and Gas
NOG
$2.62B
| $170K | 0.01% |
6,194
+2,212
| +56% | +$52.7K |
2015 Q4
4 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.