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 |
CSX Corp
CSX
|
+$99.5M |
| 2 |
Sherwin-Williams
SHW
|
+$80.5M |
| 3 |
GE Aerospace
GE
|
+$78.7M |
| 4 |
Royal Caribbean
RCL
|
+$78.5M |
| 5 |
Workday
WDAY
|
+$74M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Snap
SNAP
|
+$170M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$128M |
| 3 |
Zoom
ZM
|
+$120M |
| 4 |
Citigroup
C
|
+$111M |
| 5 |
Apple
AAPL
|
+$101M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 42.69% |
| 2 | Consumer Discretionary | 12.52% |
| 3 | Technology | 10.84% |
| 4 | Industrials | 6.37% |
| 5 | Healthcare | 6.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
151
PUT
Broadcom
AVGO
$1.66T
| $26.3M | 0.15% |
541,000
+148,000
| +38% | +$8.31M |
2020 Q3
7 quarters
|
|
152
PUT
VanEck Gold Miners ETF
GDX
$25.2B
| $26.2M | 0.15% |
955,700
-275,000
| -22% | -$9.28M |
2021 Q3
3 quarters
|
|
153
Synchrony
SYF
$22.5B
| $26M | 0.14% |
941,134
+6,080
| +0.7% | +$211K |
2021 Q2
4 quarters
|
|
154
PUT
Datadog
DDOG
$66.5B
| $25.9M | 0.14% |
271,800
-249,800
| -48% | -$27.5M |
2020 Q4
6 quarters
|
|
155
Equifax
EFX
$22B
| $25.7M | 0.14% |
140,771
+134,898
| +2,297% | +$27M |
2020 Q3
7 quarters
|
|
|
COUP
156
PUT
DELISTED
Coupa Software Incorporated
COUP
| $25.7M | 0.14% |
449,600
| – | – |
2020 Q4
6 quarters
|
|
157
DexCom
DXCM
$31.1B
| $25.3M | 0.14% |
339,849
+276,941
| +440% | +$25.3M |
2019 Q4
10 quarters
|
|
158
PUT
Dollar Tree
DLTR
$25.9B
| $25.1M | 0.14% |
161,200
-25,100
| -13% | -$3.98M |
2020 Q4
6 quarters
|
|
159
The Mosaic Company
MOS
$6.97B
| $24.9M | 0.14% |
527,008
+423,822
| +411% | +$26M |
2020 Q1
9 quarters
|
|
160
Charles Schwab
SCHW
$160B
| $24.9M | 0.14% |
393,448
+195,941
| +99% | +$13.5M |
2020 Q4
6 quarters
|
|
161
Conagra Brands
CAG
$7.03B
| $24.5M | 0.14% |
716,366
-55,985
| -7% | -$1.91M |
2016 Q3
23 quarters
|
|
162
Lattice Semiconductor
LSCC
$16B
| $24.3M | 0.14% |
501,832
+108,115
| +27% | +$5.38M |
2020 Q4
6 quarters
|
|
163
Walmart Inc
WMT
$1.02T
| $24.3M | 0.14% |
598,878
+460,047
| +331% | +$21.2M |
2020 Q2
8 quarters
|
|
|
164
CALL
Workday
WDAY
$47.3B
| $24M | 0.13% |
171,900
+126,600
| +279% | +$23M |
2020 Q4
6 quarters
|
|
165
CALL
W.P. Carey
WPC
$15.1B
| $24M | 0.13% |
+295,580
| New | +$23.9M |
2022 Q2
0 quarters
|
|
166
Lyft
LYFT
$6.42B
| $23.8M | 0.13% |
1,794,967
-938,602
| -34% | -$21.9M |
2021 Q2
4 quarters
|
|
167
CALL
iShares MSCI EAFE ETF
EFA
$77.3B
| $23.8M | 0.13% |
+381,100
| New | +$25.9M |
2022 Q2
0 quarters
|
|
168
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $23.8M | 0.13% |
345,604
+174,106
| +102% | +$13.7M |
2021 Q3
3 quarters
|
|
169
DELISTED
Ansys
ANSS
| $23.6M | 0.13% |
98,713
+48,467
| +96% | +$12.8M |
2020 Q2
8 quarters
|
|
170
DELISTED
Marathon Oil Corporation
MRO
| $23.5M | 0.13% |
1,046,984
-65,847
| -6% | -$1.76M |
2020 Q4
6 quarters
|
|
171
State Street
STT
$47.2B
| $23.2M | 0.13% |
375,609
+314,885
| +519% | +$22.3M |
2021 Q2
4 quarters
|
|
172
Hyatt Hotels
H
$17.5B
| $23.1M | 0.13% |
313,020
-88,313
| -22% | -$7.66M |
2020 Q4
6 quarters
|
|
173
Zoetis
ZTS
$34.1B
| $23.1M | 0.13% |
134,527
-206,051
| -61% | -$35.6M |
2020 Q1
9 quarters
|
|
174
DELISTED
WestRock Company
WRK
| $22.6M | 0.13% |
566,284
-74,386
| -12% | -$3.5M |
2020 Q4
6 quarters
|
|
|
ZEN
175
PUT
DELISTED
ZENDESK INC
ZEN
| $22.5M | 0.13% |
304,400
-1,300
| -0.4% | -$128K |
2020 Q4
6 quarters
|
|
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Squarepoint's Q2 2022 Portfolio in Review
As of Q2 2022, Squarepoint held 3,640 positions worth $18B, down 23% from $23.4B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Squarepoint's Q2 2022 filing shows 900 new, 972 increased, 837 reduced and 830 closed positions. Its largest new stake was McDonald's: 266,402 shares worth $65.8M. The largest sale was Snap, an estimated $170M.
By sector, the portfolio is most concentrated in Miscellaneous at 43% of assets, down from 46% a quarter earlier, followed by Consumer Discretionary and Technology.
- Squarepoint's largest Q2 2022 buy was McDonald's: 266,402 shares worth $65.8M.
- Squarepoint added most to CSX Corp in Q2 2022, an estimated $99.5M increase.
- Squarepoint's biggest Q2 2022 reduction was Snap, cutting an estimated $170M.
- Squarepoint fully exited Invesco QQQ Trust in Q2 2022, selling an estimated $128M.
- Squarepoint's ten largest holdings make up 12% of its $18B portfolio in Q2 2022.
- Squarepoint opened 900 new positions and closed 830 in Q2 2022.
- Squarepoint's portfolio value fell 23% quarter-over-quarter to $18B.
Based on Squarepoint's 13F filing for Q2 2022, filed 15 Aug 2022.