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 |
Invesco QQQ Trust
QQQ
|
+$65.8M |
| 2 |
iShares MSCI Japan ETF
EWJ
|
+$65.6M |
| 3 |
Lowe's Companies
LOW
|
+$61.6M |
| 4 |
iShares MSCI Brazil ETF
EWZ
|
+$59.2M |
| 5 |
iShares MSCI India ETF
INDA
|
+$40.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$274M |
| 2 |
iShares MSCI Taiwan ETF
EWT
|
+$93.6M |
| 3 |
iShares China Large-Cap ETF
FXI
|
+$50.9M |
| 4 |
VanEck Gold Miners ETF
GDX
|
+$48.2M |
| 5 |
Thermo Fisher Scientific
TMO
|
+$37.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 14.45% |
| 2 | Technology | 13.1% |
| 3 | Consumer Discretionary | 12.53% |
| 4 | Healthcare | 11.49% |
| 5 | Industrials | 10.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1776
Moody's
MCO
$88.1B
| – | – |
-2,525
| Closed | -$307K | – |
|
1777
Mercury Insurance
MCY
$4.58B
| – | – |
-13,404
| Closed | -$724K | – |
|
1778
Mercado Libre
MELI
$77.7B
| – | – |
-831
| Closed | -$208K | – |
|
1779
MillerKnoll
MLKN
$1.54B
| – | – |
-11,446
| Closed | -$348K | – |
|
1780
Marsh
MRSH
$97.2B
| – | – |
-159,582
| Closed | -$12.4M | – |
|
1781
Merit Medical Systems
MMSI
$5.3B
| – | – |
-6,017
| Closed | -$230K | – |
|
1782
Monro
MNRO
$349M
| – | – |
-5,351
| Closed | -$223K | – |
|
1783
Monster Beverage
MNST
$89.3B
| – | – |
-184,124
| Closed | -$2.29M | – |
|
1784
Hello Group
MOMO
$668M
| – | – |
-50,100
| Closed | -$1.85M | – |
|
1785
Morgan Stanley
MS
$292B
| – | – |
-155,239
| Closed | -$6.92M | – |
|
1786
MGIC Investment
MTG
$5.67B
| – | – |
-85,300
| Closed | -$955K | – |
|
1787
MACOM Technology Solutions
MTSI
$17.6B
| – | – |
-12,872
| Closed | -$718K | – |
|
1788
Mueller Water Products
MWA
$3.8B
| – | – |
-14,031
| Closed | -$164K | – |
|
1789
Myers Industries
MYE
$1.06B
| – | – |
-10,630
| Closed | -$191K | – |
|
1790
Nektar Therapeutics
NKTR
$1.29B
| – | – |
-916
| Closed | -$269K | – |
|
1791
NNN REIT
NNN
$8.09B
| – | – |
-35,948
| Closed | -$1.41M | – |
|
1792
Northern Oil and Gas
NOG
$2.42B
| – | – |
-4,175
| Closed | -$58K | – |
|
1793
Novanta
NOVT
$5.52B
| – | – |
-6,561
| Closed | -$236K | – |
|
1794
ServiceNow
NOW
$107B
| – | – |
-266,085
| Closed | -$5.64M | – |
|
1795
National Presto Industries
NPK
$1.05B
| – | – |
-3,474
| Closed | -$384K | – |
|
1796
Bank of N.T. Butterfield & Son
NTB
$2.22B
| – | – |
-17,300
| Closed | -$590K | – |
|
1797
NexPoint Residential Trust
NXRT
$402M
| – | – |
-10,009
| Closed | -$249K | – |
|
1798
Realty Income
O
$56.6B
| – | – |
-5,546
| Closed | -$297K | – |
|
1799
Owens Corning
OC
$9.8B
| – | – |
-58,888
| Closed | -$3.94M | – |
|
1800
Ocular Therapeutix
OCUL
$1.5B
| – | – |
-15,703
| Closed | -$146K | – |
|
Similar funds
Squarepoint's Q3 2017 Portfolio in Review
As of Q3 2017, Squarepoint held 2,083 positions worth $5.2B, up 2.3% from $5.08B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Squarepoint's Q3 2017 filing shows 588 new, 511 increased, 480 reduced and 501 closed positions. Its largest new stake was iShares MSCI Japan ETF: 1,203,234 shares worth $67M. The largest sale was iShares Core MSCI Emerging Markets ETF, an estimated $274M.
By sector, the portfolio is most concentrated in Miscellaneous at 14% of assets, down from 17% a quarter earlier, followed by Technology and Consumer Discretionary.
- Squarepoint's largest Q3 2017 buy was iShares MSCI Japan ETF: 1,203,234 shares worth $67M.
- Squarepoint added most to Invesco QQQ Trust in Q3 2017, an estimated $65.8M increase.
- Squarepoint's biggest Q3 2017 reduction was iShares Core MSCI Emerging Markets ETF, cutting an estimated $274M.
- Squarepoint fully exited iShares MSCI Taiwan ETF in Q3 2017, selling an estimated $93.6M.
- Squarepoint's ten largest holdings make up 11% of its $5.2B portfolio in Q3 2017.
- Squarepoint opened 588 new positions and closed 501 in Q3 2017.
- Squarepoint's portfolio value rose 2.3% quarter-over-quarter to $5.2B.
Based on Squarepoint's 13F filing for Q3 2017, filed 14 Nov 2017.