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 China Large-Cap ETF
FXI
|
+$40.5M |
| 2 |
S&P Global
SPGI
|
+$30.2M |
| 3 |
Medtronic
MDT
|
+$25.3M |
| 4 |
iShares MSCI Japan ETF
EWJ
|
+$23.2M |
| 5 |
Northrop Grumman
NOC
|
+$20.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$63.7M |
| 2 |
Conagra Brands
CAG
|
+$20.3M |
| 3 |
VanEck Gold Miners ETF
GDX
|
+$20M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$18.2M |
| 5 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$15.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 13.74% |
| 2 | Healthcare | 12.91% |
| 3 | Technology | 11.18% |
| 4 | Consumer Discretionary | 11.04% |
| 5 | Industrials | 10.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1801
Dycom Industries
DY
$5.81B
| – | – |
-5,454
| Closed | -$446K | – |
|
1802
iShares MSCI Emerging Markets ETF
EEM
$26.9B
| – | – |
-329,319
| Closed | -$12.3M | – |
|
1803
Elevance Health
ELV
$94.2B
| – | – |
-19,616
| Closed | -$2.46M | – |
|
1804
EnerSys
ENS
$5.63B
| – | – |
-4,010
| Closed | -$277K | – |
|
1805
Edgewell Personal Care
EPC
$1.37B
| – | – |
-5,136
| Closed | -$408K | – |
|
1806
WisdomTree India Earnings Fund ETF
EPI
$1.87B
| – | – |
-32,414
| Closed | -$701K | – |
|
1807
EPR Properties
EPR
$4.66B
| – | – |
-3,858
| Closed | -$304K | – |
|
1808
Eversource Energy
ES
$26.5B
| – | – |
-42,126
| Closed | -$2.28M | – |
|
1809
Freeport-McMoran
FCX
$83.1B
| – | – |
-11,174
| Closed | -$121K | – |
|
1810
First Horizon
FHN
$11.2B
| – | – |
-42,844
| Closed | -$653K | – |
|
1811
Fiserv Inc
FISV
$33.4B
| – | – |
-95,956
| Closed | -$4.77M | – |
|
1812
Fair Isaac
FICO
$15.1B
| – | – |
-2,434
| Closed | -$303K | – |
|
1813
Flex
FLEX
$24.7B
| – | – |
-26,938
| Closed | -$276K | – |
|
1814
Fluor
FLR
$6.02B
| – | – |
-9,819
| Closed | -$504K | – |
|
1815
FNB Corp
FNB
$6.51B
| – | – |
-15,146
| Closed | -$186K | – |
|
1816
First Industrial Realty Trust
FR
$7.36B
| – | – |
-9,601
| Closed | -$271K | – |
|
1817
TechnipFMC
FTI
$25.1B
| – | – |
-52,033
| Closed | -$1.15M | – |
|
1818
Flotek Industries
FTK
$895M
| – | – |
-3,088
| Closed | -$269K | – |
|
1819
H.B. Fuller
FUL
$2.83B
| – | – |
-12,476
| Closed | -$580K | – |
|
1820
Genpact
G
$6.82B
| – | – |
-31,870
| Closed | -$763K | – |
|
1821
The Greenbrier Companies
GBX
$1.37B
| – | – |
-8,017
| Closed | -$283K | – |
|
|
1822
VanEck Gold Miners ETF
GDX
$26.4B
| – | – |
-756,233
| Closed | -$20M | – |
|
1823
DELISTED
Guess Inc
GES
| – | – |
-28,614
| Closed | -$418K | – |
|
1824
Griffon
GFF
$4.87B
| – | – |
-11,769
| Closed | -$200K | – |
|
1825
Generac Holdings
GNRC
$10.2B
| – | – |
-12,533
| Closed | -$455K | – |
|
Similar funds
Squarepoint's Q4 2016 Portfolio in Review
As of Q4 2016, Squarepoint held 2,060 positions worth $2.44B, up 62% from $1.51B the previous quarter. Its ten largest holdings account for 9.6% of the portfolio.
Squarepoint deployed $913M of net new capital in Q4 2016, opening 1,079 new positions and adding to 424 existing holdings. Its largest new stake was S&P Global: 252,484 shares worth $27.2M.
By sector, the portfolio is most concentrated in Miscellaneous at 14% of assets, down from 19% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was Conagra Brands, an estimated $20.3M trimmed.
- Squarepoint's largest Q4 2016 buy was S&P Global: 252,484 shares worth $27.2M.
- Squarepoint added most to iShares China Large-Cap ETF in Q4 2016, an estimated $40.5M increase.
- Squarepoint's biggest Q4 2016 reduction was Conagra Brands, cutting an estimated $20.3M.
- Squarepoint fully exited State Street SPDR S&P 500 ETF Trust in Q4 2016, selling an estimated $63.7M.
- Squarepoint's ten largest holdings make up 9.6% of its $2.44B portfolio in Q4 2016.
- Squarepoint opened 1,079 new positions and closed 329 in Q4 2016.
- Squarepoint's portfolio value rose 62% quarter-over-quarter to $2.44B.
Based on Squarepoint's 13F filing for Q4 2016, filed 14 Feb 2017.