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 Core MSCI Emerging Markets ETF
IEMG
|
+$203M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$91.1M |
| 3 |
PG&E
PCG
|
+$57.7M |
| 4 |
VanEck Gold Miners ETF
GDX
|
+$53.7M |
| 5 |
Boston Scientific
BSX
|
+$41.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Japan ETF
EWJ
|
+$67M |
| 2 |
iShares MSCI India ETF
INDA
|
+$55.1M |
| 3 |
Apple
AAPL
|
+$50.9M |
| 4 |
Intuit
INTU
|
+$43.3M |
| 5 |
Lowe's Companies
LOW
|
+$41.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 15.3% |
| 2 | Consumer Discretionary | 13.6% |
| 3 | Technology | 11.89% |
| 4 | Healthcare | 11.31% |
| 5 | Industrials | 10.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
151
Westlake Corp
WLK
$8.2B
| $8.6M | 0.15% |
80,749
+73,492
| +1,013% | +$6.81M |
2016 Q3
5 quarters
|
|
152
Edwards Lifesciences
EW
$60.2B
| $8.55M | 0.15% |
227,574
-284,379
| -56% | -$10.4M |
2017 Q1
3 quarters
|
|
153
Pentair
PNR
$11.2B
| $8.51M | 0.15% |
179,438
+2,429
| +1% | +$114K |
2016 Q4
4 quarters
|
|
|
OA
154
DELISTED
Orbital ATK, Inc.
OA
| $8.51M | 0.15% |
64,702
+58,269
| +906% | +$7.73M |
2017 Q3
1 quarter
|
|
155
Danaher
DHR
$165B
| $8.41M | 0.15% |
102,204
-286,311
| -74% | -$23.3M |
2016 Q3
5 quarters
|
|
156
Vornado Realty Trust
VNO
$6.85B
| $8.36M | 0.15% |
106,971
+32,494
| +44% | +$2.49M |
2017 Q1
3 quarters
|
|
157
D.R. Horton
DHI
$42.2B
| $8.33M | 0.15% |
163,135
+136,323
| +508% | +$6.35M |
2016 Q3
5 quarters
|
|
158
Exelixis
EXEL
$17.5B
| $8.3M | 0.14% |
273,002
+32,530
| +14% | +$865K |
2015 Q4
8 quarters
|
|
|
LLL
159
DELISTED
L3 Technologies, Inc.
LLL
| $8.3M | 0.14% |
41,924
-1,250
| -3% | -$238K |
2015 Q3
9 quarters
|
|
160
Weyerhaeuser
WY
$15.2B
| $8.27M | 0.14% |
234,462
+189,274
| +419% | +$6.7M |
2015 Q3
9 quarters
|
|
161
NVR
NVR
$16.8B
| $8.22M | 0.14% |
2,343
+2,159
| +1,173% | +$7.03M |
2017 Q3
1 quarter
|
|
162
AGCO
AGCO
$8.03B
| $8.16M | 0.14% |
114,216
+106,423
| +1,366% | +$7.59M |
2017 Q2
2 quarters
|
|
163
Aon
AON
$71.2B
| $8.04M | 0.14% |
60,013
+56,654
| +1,687% | +$8.06M |
2017 Q3
1 quarter
|
|
164
Marvell Technology
MRVL
$139B
| $7.92M | 0.14% |
368,826
+183,797
| +99% | +$3.75M |
2016 Q2
6 quarters
|
|
165
DELISTED
Marathon Oil Corporation
MRO
| $7.91M | 0.14% |
466,973
-95,529
| -17% | -$1.42M |
2015 Q4
8 quarters
|
|
166
AutoZone
AZO
$52.3B
| $7.89M | 0.14% |
11,091
-4,923
| -31% | -$3.15M |
2017 Q3
1 quarter
|
|
167
Restaurant Brands International
QSR
$27B
| $7.79M | 0.14% |
+126,642
| New | +$8.12M |
2017 Q4
0 quarters
|
|
168
Vistra
VST
$45.6B
| $7.74M | 0.13% |
422,382
+349,483
| +479% | +$6.55M |
2017 Q3
1 quarter
|
|
169
Perrigo
PRGO
$2.35B
| $7.72M | 0.13% |
88,572
+82,972
| +1,482% | +$7.13M |
2017 Q2
2 quarters
|
|
170
Huntington Ingalls Industries
HII
$12B
| $7.68M | 0.13% |
32,581
+2,776
| +9% | +$655K |
2017 Q1
3 quarters
|
|
171
Lear
LEA
$5.34B
| $7.59M | 0.13% |
42,964
+17,450
| +68% | +$3.06M |
2016 Q4
4 quarters
|
|
172
PVH
PVH
$4.28B
| $7.55M | 0.13% |
55,011
+41,864
| +318% | +$5.47M |
2015 Q3
9 quarters
|
|
|
XEC
173
DELISTED
CIMAREX ENERGY CO
XEC
| $7.52M | 0.13% |
61,623
+41,070
| +200% | +$4.79M |
2016 Q2
6 quarters
|
|
174
CME Group
CME
$109B
| $7.48M | 0.13% |
51,195
-93,210
| -65% | -$13.3M |
2016 Q3
5 quarters
|
|
175
Everest Group
EG
$15.3B
| $7.44M | 0.13% |
33,639
-11,065
| -25% | -$2.5M |
2016 Q3
5 quarters
|
|
Similar funds
Squarepoint's Q4 2017 Portfolio in Review
As of Q4 2017, Squarepoint held 2,530 positions worth $5.74B, up 10% from $5.2B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Squarepoint deployed $341M of net new capital in Q4 2017, opening 949 new positions and adding to 622 existing holdings. Its largest new stake was Boston Scientific: 1,494,796 shares worth $37.1M.
By sector, the portfolio is most concentrated in Miscellaneous at 15% of assets, up from 14% a quarter earlier, followed by Consumer Discretionary and Technology.
On the sell side, the largest reduction was Apple, an estimated $50.9M trimmed.
- Squarepoint's largest Q4 2017 buy was Boston Scientific: 1,494,796 shares worth $37.1M.
- Squarepoint added most to iShares Core MSCI Emerging Markets ETF in Q4 2017, an estimated $203M increase.
- Squarepoint's biggest Q4 2017 reduction was Apple, cutting an estimated $50.9M.
- Squarepoint fully exited iShares MSCI Japan ETF in Q4 2017, selling an estimated $67M.
- Squarepoint's ten largest holdings make up 15% of its $5.74B portfolio in Q4 2017.
- Squarepoint opened 949 new positions and closed 486 in Q4 2017.
- Squarepoint's portfolio value rose 10% quarter-over-quarter to $5.74B.
Based on Squarepoint's 13F filing for Q4 2017, filed 14 Feb 2018.