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 | |
|---|---|---|---|---|---|---|---|
|
GUID
1576
DELISTED
Guidance Software, Inc.
GUID
| $132K | 0.01% |
+18,653
| New | +$119K |
2016 Q4
0 quarters
|
|
|
MGI
1577
DELISTED
MoneyGram International, Inc. New
MGI
| $131K | 0.01% |
+11,122
| New | +$104K |
2016 Q4
0 quarters
|
|
|
IMMU
1578
DELISTED
Immunomedics Inc
IMMU
| $130K | 0.01% |
35,471
+22,646
| +177% | +$67K |
2016 Q3
1 quarter
|
|
1579
Aptevo Therapeutics
APVO
$2.39M
| – | – |
0
| – | – |
2016 Q3
1 quarter
|
|
1580
INNOVATE Corp
VATE
$73.9M
| $129K | 0.01% |
+2,171
| New | +$107K |
2016 Q4
0 quarters
|
|
|
ARTX
1581
DELISTED
Arotech Corporation
ARTX
| $128K | 0.01% |
+36,600
| New | +$122K |
2016 Q4
0 quarters
|
|
1582
Hudson Technologies
HDSN
$185M
| $127K | 0.01% |
+15,800
| New | +$112K |
2016 Q4
0 quarters
|
|
1583
Nuveen California Municipal Value Fund
NCA
$283M
| $127K | 0.01% |
+12,200
| New | +$127K |
2016 Q4
0 quarters
|
|
1584
DELISTED
Christopher & Banks Corporation
CBK
| $126K | 0.01% |
+53,900
| New | +$92.3K |
2016 Q4
0 quarters
|
|
1585
Cytokinetics
CYTK
$7.68B
| $125K | 0.01% |
+10,270
| New | +$109K |
2016 Q4
0 quarters
|
|
1586
MiMedx Group
MDXG
$484M
| $123K | 0.01% |
+13,895
| New | +$125K |
2016 Q4
0 quarters
|
|
1587
Minerva Neurosciences
NERV
$131M
| $122K | 0.01% |
+1,296
| New | +$132K |
2016 Q4
0 quarters
|
|
|
WMAR
1588
DELISTED
West Marine Inc
WMAR
| $122K | 0.01% |
+11,683
| New | +$107K |
2016 Q4
0 quarters
|
|
|
ALR
1589
DELISTED
AlerisLife Inc
ALR
| $120K | ﹤0.01% |
+4,460
| New | +$118K |
2016 Q4
0 quarters
|
|
1590
Invesco Municipal Income Opportunities Trust
OIA
$282M
| $119K | ﹤0.01% |
+16,580
| New | +$125K |
2016 Q4
0 quarters
|
|
|
PZC
1591
DELISTED
PIMCO California Municipal Income Fund III
PZC
| $119K | ﹤0.01% |
+10,500
| New | +$122K |
2016 Q4
0 quarters
|
|
1592
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| $119K | ﹤0.01% |
+39,001
| New | +$142K |
2016 Q4
0 quarters
|
|
|
BKMU
1593
DELISTED
Bank Mutual Corp
BKMU
| $119K | ﹤0.01% |
+12,546
| New | +$106K |
2016 Q4
0 quarters
|
|
1594
Ardmore Shipping
ASC
$731M
| $116K | ﹤0.01% |
+15,700
| New | +$105K |
2016 Q4
0 quarters
|
|
1595
DHI Group
DHX
$181M
| $116K | ﹤0.01% |
+18,615
| New | +$120K |
2016 Q4
0 quarters
|
|
|
AREX
1596
DELISTED
Approach Resources Inc.
AREX
| $116K | ﹤0.01% |
34,700
+5,700
| +20% | +$18.6K |
2016 Q2
2 quarters
|
|
|
RAS
1597
DELISTED
RAIT Financial Trust
RAS
| $115K | ﹤0.01% |
34,082
+613
| +2% | +$1.89K |
2016 Q3
1 quarter
|
|
1598
PIMCO Income Strategy Fund
PFL
$355M
| $114K | ﹤0.01% |
+10,800
| New | +$112K |
2016 Q4
0 quarters
|
|
1599
W&T Offshore
WTI
$448M
| $114K | ﹤0.01% |
+41,300
| New | +$76.8K |
2016 Q4
0 quarters
|
|
|
FRBK
1600
DELISTED
Republic First Bancorp Inc
FRBK
| $114K | ﹤0.01% |
+13,600
| New | +$75.2K |
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.