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
|
+$102M |
| 2 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$85.3M |
| 3 |
Intuit
INTU
|
+$76.5M |
| 4 |
Home Depot
HD
|
+$71.6M |
| 5 |
Cigna
CI
|
+$44.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Brazil ETF
EWZ
|
+$119M |
| 2 |
VanEck Gold Miners ETF
GDX
|
+$69M |
| 3 |
TWX
Time Warner Inc
TWX
|
+$51.1M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$47.4M |
| 5 |
iShares MSCI India ETF
INDA
|
+$47.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 17% |
| 2 | Financials | 13.53% |
| 3 | Healthcare | 13.33% |
| 4 | Technology | 13.18% |
| 5 | Industrials | 11.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1776
Coherent
COHR
$43B
| – | – |
-29,440
| Closed | -$1.2M | – |
|
1777
Coca-Cola Consolidated
COKE
$14.3B
| – | – |
-13,310
| Closed | -$230K | – |
|
1778
Cencora
COR
$68.5B
| – | – |
-56,467
| Closed | -$4.87M | – |
|
1779
Corbus Pharmaceuticals
CRBP
$69.9M
| – | – |
-804
| Closed | -$147K | – |
|
1780
CRH
CRH
$62B
| – | – |
-8,370
| Closed | -$285K | – |
|
1781
Comstock Resources
CRK
$4.46B
| – | – |
-18,846
| Closed | -$138K | – |
|
1782
Charles River Laboratories
CRL
$16.2B
| – | – |
-4,096
| Closed | -$437K | – |
|
1783
Salesforce
CRM
$179B
| – | – |
-188,984
| Closed | -$22M | – |
|
1784
Crocs
CROX
$7.49B
| – | – |
-167,198
| Closed | -$2.72M | – |
|
1785
CRISPR Therapeutics
CRSP
$4.1B
| – | – |
-7,919
| Closed | -$362K | – |
|
1786
Constellium
CSTM
$3.01B
| – | – |
-51,308
| Closed | -$557K | – |
|
1787
Civeo
CVEO
$369M
| – | – |
-7,250
| Closed | -$328K | – |
|
1788
CVS Health
CVS
$114B
| – | – |
-627,619
| Closed | -$39M | – |
|
1789
California Water Service
CWT
$3.11B
| – | – |
-5,454
| Closed | -$203K | – |
|
1790
Cemex
CX
$15.2B
| – | – |
-39,422
| Closed | -$261K | – |
|
1791
CoreCivic
CXW
$2.7B
| – | – |
-60,455
| Closed | -$1.18M | – |
|
1792
DELISTED
CyberArk
CYBR
| – | – |
-20,405
| Closed | -$1.04M | – |
|
1793
Darling Ingredients
DAR
$8.67B
| – | – |
-10,173
| Closed | -$176K | – |
|
1794
3D Systems Corp
DDD
$255M
| – | – |
-21,312
| Closed | -$247K | – |
|
1795
Dollar General
DG
$29.6B
| – | – |
-14,788
| Closed | -$1.38M | – |
|
1796
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46B
| – | – |
-4,900
| Closed | -$1.18M | – |
|
1797
Walt Disney
DIS
$205B
| – | – |
-35,824
| Closed | -$3.6M | – |
|
1798
Dick's Sporting Goods
DKS
$14.7B
| – | – |
-57,868
| Closed | -$2.03M | – |
|
1799
Deluxe
DLX
$1.23B
| – | – |
-15,101
| Closed | -$1.12M | – |
|
1800
DNOW Inc
DNOW
$2.51B
| – | – |
-141,374
| Closed | -$1.44M | – |
|
Similar funds
Squarepoint's Q2 2018 Portfolio in Review
As of Q2 2018, Squarepoint held 2,269 positions worth $7.55B, up 20% from $6.3B the previous quarter. Its ten largest holdings account for 9.4% of the portfolio.
Squarepoint deployed $1.17B of net new capital in Q2 2018, opening 635 new positions and adding to 628 existing holdings. Its largest new stake was Vanguard FTSE Emerging Markets ETF: 1,889,716 shares worth $79.7M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 17% of assets, up from 14% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was iShares MSCI India ETF, an estimated $47.3M trimmed.
- Squarepoint's largest Q2 2018 buy was Vanguard FTSE Emerging Markets ETF: 1,889,716 shares worth $79.7M.
- Squarepoint added most to iShares MSCI Taiwan ETF in Q2 2018, an estimated $102M increase.
- Squarepoint's biggest Q2 2018 reduction was iShares MSCI India ETF, cutting an estimated $47.3M.
- Squarepoint fully exited iShares MSCI Brazil ETF in Q2 2018, selling an estimated $119M.
- Squarepoint's ten largest holdings make up 9.4% of its $7.55B portfolio in Q2 2018.
- Squarepoint opened 635 new positions and closed 556 in Q2 2018.
- Squarepoint's portfolio value rose 20% quarter-over-quarter to $7.55B.
Based on Squarepoint's 13F filing for Q2 2018, filed 14 Aug 2018.