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 | |
|---|---|---|---|---|---|---|---|
1676
Keysight
KEYS
$52.3B
| – | – |
-42,123
| Closed | -$1.52M | – |
|
1677
Kinross Gold
KGC
$23.7B
| – | – |
-427,079
| Closed | -$1.5M | – |
|
|
TBHC
1678
DELISTED
The Brand House Collective
TBHC
| – | – |
-11,497
| Closed | -$143K | – |
|
1679
Kemper
KMPR
$1.96B
| – | – |
-6,184
| Closed | -$247K | – |
|
1680
Koppers
KOP
$785M
| – | – |
-11,118
| Closed | -$471K | – |
|
1681
Kite Realty
KRG
$4.96B
| – | – |
-61,244
| Closed | -$1.32M | – |
|
1682
KRONOS Worldwide
KRO
$863M
| – | – |
-21,129
| Closed | -$347K | – |
|
1683
Kura Oncology
KURA
$913M
| – | – |
-22,318
| Closed | -$196K | – |
|
1684
LCI Industries
LCII
$2.41B
| – | – |
-10,245
| Closed | -$1.02M | – |
|
1685
Leidos
LDOS
$17.9B
| – | – |
-4,843
| Closed | -$248K | – |
|
1686
DELISTED
Leggett & Platt
LEG
| – | – |
-23,267
| Closed | -$1.17M | – |
|
1687
Littelfuse
LFUS
$10B
| – | – |
-2,300
| Closed | -$368K | – |
|
1688
Lumentum
LITE
$76.2B
| – | – |
-8,718
| Closed | -$465K | – |
|
1689
Lindsay Corp
LNN
$1.09B
| – | – |
-10,230
| Closed | -$901K | – |
|
1690
Liquidity Services
LQDT
$1.4B
| – | – |
-13,760
| Closed | -$110K | – |
|
1691
Lattice Semiconductor
LSCC
$13.2B
| – | – |
-27,576
| Closed | -$191K | – |
|
1692
Lloyds Banking Group
LYG
$71.7B
| – | – |
-22,536
| Closed | -$77K | – |
|
1693
Macy's
M
$6.3B
| – | – |
-157,631
| Closed | -$4.67M | – |
|
1694
Manhattan Associates
MANH
$14.4B
| – | – |
-4,288
| Closed | -$223K | – |
|
1695
Mattel
MAT
$4.41B
| – | – |
-20,968
| Closed | -$537K | – |
|
1696
Moelis & Co
MC
$4.34B
| – | – |
-11,700
| Closed | -$450K | – |
|
1697
MidCap Financial Investment
MFIC
$853M
| – | – |
-3,700
| Closed | -$73K | – |
|
1698
Magnite
MGNI
$3.08B
| – | – |
-25,507
| Closed | -$150K | – |
|
1699
MGP Ingredients
MGPI
$367M
| – | – |
-5,641
| Closed | -$306K | – |
|
1700
Kestrel Group
KG
$31.4M
| – | – |
-714
| Closed | -$200K | – |
|
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.