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 | |
|---|---|---|---|---|---|---|---|
1551
Plug Power
PLUG
$1.9B
| $143K | 0.01% |
+118,940
| New | +$175K |
2016 Q4
0 quarters
|
|
|
SSNI
1552
DELISTED
Silver Spring Networks, Inc.
SSNI
| $143K | 0.01% |
+10,775
| New | +$149K |
2016 Q4
0 quarters
|
|
1553
DELISTED
Potbelly
PBPB
| $142K | 0.01% |
+11,035
| New | +$148K |
2016 Q4
0 quarters
|
|
|
GLF
1554
DELISTED
GulfMark Offshore, Inc. Common Stock
GLF
| $142K | 0.01% |
+80,900
| New | +$121K |
2016 Q4
0 quarters
|
|
1555
Invesco Pennsylvania Value Municipal Income Trust
VPV
$196M
| $141K | 0.01% |
+11,600
| New | +$146K |
2016 Q4
0 quarters
|
|
1556
DELISTED
Sears Holding Corporation
SHLD
| $141K | 0.01% |
+15,201
| New | +$173K |
2016 Q4
0 quarters
|
|
1557
Liquidity Services
LQDT
$1.41B
| $140K | 0.01% |
+14,381
| New | +$137K |
2016 Q4
0 quarters
|
|
1558
Old Second Bancorp
OSBC
$1.24B
| $140K | 0.01% |
+12,676
| New | +$115K |
2016 Q4
0 quarters
|
|
|
DS
1559
DELISTED
Drive Shack Inc.
DS
| $140K | 0.01% |
+37,283
| New | +$165K |
2016 Q4
0 quarters
|
|
|
ZIXI
1560
DELISTED
Zix Corporation
ZIXI
| $140K | 0.01% |
+28,418
| New | +$125K |
2016 Q4
0 quarters
|
|
1561
Eaton Vance Municipal Income Trust
EVN
$405M
| $139K | 0.01% |
+11,100
| New | +$143K |
2016 Q4
0 quarters
|
|
1562
Gogo Inc
GOGO
$488M
| $139K | 0.01% |
15,097
-52,139
| -78% | -$515K |
2016 Q3
1 quarter
|
|
1563
Standard BioTools
LAB
$274M
| $138K | 0.01% |
+18,936
| New | +$119K |
2016 Q4
0 quarters
|
|
|
PES
1564
DELISTED
Pioneer Energy Services Corp.
PES
| $138K | 0.01% |
20,136
+6,282
| +45% | +$30.6K |
2016 Q3
1 quarter
|
|
1565
DELISTED
Civitas Resources
CIVI
| $137K | 0.01% |
+1,200
| New | +$154K |
2016 Q4
0 quarters
|
|
|
RSYS
1566
DELISTED
Radisys Corp
RSYS
| $137K | 0.01% |
+31,000
| New | +$142K |
2016 Q4
0 quarters
|
|
1567
Cemtrex
CETX
$1.02M
| – | – |
0
| – | – |
2016 Q4
0 quarters
|
|
1568
FerroAtlántica
GSM
$491M
| $136K | 0.01% |
+12,517
| New | +$129K |
2016 Q4
0 quarters
|
|
1569
Eaton Vance Municipal Bond Fund
EIM
$477M
| $135K | 0.01% |
+10,900
| New | +$138K |
2016 Q4
0 quarters
|
|
1570
DELISTED
BlackRock MuniVest Fund
MVF
| $135K | 0.01% |
+14,000
| New | +$139K |
2016 Q4
0 quarters
|
|
|
GCAP
1571
DELISTED
Gain Capital Holdings, Inc.
GCAP
| $135K | 0.01% |
+20,571
| New | +$124K |
2016 Q4
0 quarters
|
|
|
IIP
1572
DELISTED
INTERNAP NETWORK SERVICES CORPORATION
IIP
| $134K | 0.01% |
+86,800
| New | +$134K |
2016 Q4
0 quarters
|
|
1573
DELISTED
BlackRock MuniYield Quality Fund II
MQT
| $133K | 0.01% |
+10,400
| New | +$136K |
2016 Q4
0 quarters
|
|
1574
DELISTED
Merrimack Pharmaceuticals, Inc.
MACK
| $133K | 0.01% |
+4,141
| New | +$177K |
2016 Q4
0 quarters
|
|
1575
DELISTED
Esperion Therapeutics
ESPR
| $132K | 0.01% |
+10,577
| New | +$126K |
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.