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 MSCI Taiwan ETF
EWT
|
+$89.9M |
| 2 |
VanEck Gold Miners ETF
GDX
|
+$71.9M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$69M |
| 4 |
iShares China Large-Cap ETF
FXI
|
+$66M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$58.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$33M |
| 2 |
Altria Group
MO
|
+$32.4M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
+$26.5M |
| 4 |
CVS Health
CVS
|
+$24.7M |
| 5 |
Medtronic
MDT
|
+$22.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 17.23% |
| 2 | Technology | 14.6% |
| 3 | Healthcare | 11.36% |
| 4 | Industrials | 11.26% |
| 5 | Consumer Discretionary | 10.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1551
Avis
CAR
$3.81B
| – | – |
-118,223
| Closed | -$3.5M | – |
|
1552
CBRE Group
CBRE
$37.1B
| – | – |
-80,210
| Closed | -$2.79M | – |
|
1553
CDW
CDW
$19.2B
| – | – |
-25,100
| Closed | -$1.45M | – |
|
1554
Central Garden & Pet Co Class A
CENTA
$2.45B
| – | – |
-17,441
| Closed | -$484K | – |
|
1555
Century Aluminum
CENX
$3.34B
| – | – |
-12,014
| Closed | -$152K | – |
|
1556
Cemtrex
CETX
$2.13M
| – | – |
0
| – | -$69K |
2016 Q4
2 quarters
|
|
|
CIO
1557
DELISTED
City Office REIT
CIO
| – | – |
-10,001
| Closed | -$122K | – |
|
1558
Cleveland-Cliffs
CLF
$8.13B
| – | – |
-104,389
| Closed | -$857K | – |
|
1559
Clean Energy Fuels
CLNE
$317M
| – | – |
-39,000
| Closed | -$99K | – |
|
1560
Commercial Metals
CMC
$7.06B
| – | – |
-10,497
| Closed | -$201K | – |
|
1561
Cheetah Mobile
CMCM
$75.4M
| – | – |
-2,752
| Closed | -$148K | – |
|
1562
Coherent
COHR
$41.4B
| – | – |
-6,101
| Closed | -$220K | – |
|
1563
Vistance Networks Inc
VISN
$1.51B
| – | – |
-29,400
| Closed | -$1.23M | – |
|
1564
Cencora
COR
$63.1B
| – | – |
-4,229
| Closed | -$374K | – |
|
1565
Carter's
CRI
$1.16B
| – | – |
-57,513
| Closed | -$5.16M | – |
|
1566
Charles River Laboratories
CRL
$17.2B
| – | – |
-15,214
| Closed | -$1.37M | – |
|
1567
Salesforce
CRM
$189B
| – | – |
-80,436
| Closed | -$6.64M | – |
|
1568
CSX Corp
CSX
$96.3B
| – | – |
-76,404
| Closed | -$1.19M | – |
|
1569
DELISTED
Carnival PLC
CUK
| – | – |
-4,037
| Closed | -$234K | – |
|
1570
Cousins Properties
CUZ
$4.86B
| – | – |
-21,682
| Closed | -$717K | – |
|
1571
Covenant Logistics
CVLG
$785M
| – | – |
-29,134
| Closed | -$274K | – |
|
1572
Commault Systems
CVLT
$6.76B
| – | – |
-13,755
| Closed | -$699K | – |
|
|
1573
CVS Health
CVS
$115B
| – | – |
-314,461
| Closed | -$24.7M | – |
|
1574
Curtiss-Wright
CW
$17.6B
| – | – |
-17,956
| Closed | -$1.64M | – |
|
1575
Cemex
CX
$15.4B
| – | – |
-20,747
| Closed | -$181K | – |
|
Similar funds
Squarepoint's Q2 2017 Portfolio in Review
As of Q2 2017, Squarepoint held 2,064 positions worth $5.08B, up 40% from $3.63B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Squarepoint deployed $1.39B of net new capital in Q2 2017, opening 586 new positions and adding to 519 existing holdings. Its largest new stake was iShares MSCI Taiwan ETF: 2,618,387 shares worth $93.6M.
By sector, the portfolio is most concentrated in Miscellaneous at 17% of assets, up from 15% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, an estimated $33M trimmed.
- Squarepoint's largest Q2 2017 buy was iShares MSCI Taiwan ETF: 2,618,387 shares worth $93.6M.
- Squarepoint added most to VanEck Gold Miners ETF in Q2 2017, an estimated $71.9M increase.
- Squarepoint's biggest Q2 2017 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $33M.
- Squarepoint fully exited iShares MSCI EAFE ETF in Q2 2017, selling an estimated $26.5M.
- Squarepoint's ten largest holdings make up 16% of its $5.08B portfolio in Q2 2017.
- Squarepoint opened 586 new positions and closed 568 in Q2 2017.
- Squarepoint's portfolio value rose 40% quarter-over-quarter to $5.08B.
Based on Squarepoint's 13F filing for Q2 2017, filed 14 Aug 2017.