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 | |
|---|---|---|---|---|---|---|---|
1826
Genuine Parts
GPC
$17.2B
| – | – |
-13,890
| Closed | -$1.4M | – |
|
1827
Halozyme
HALO
$14B
| – | – |
-12,400
| Closed | -$150K | – |
|
1828
Home Depot
HD
$349B
| – | – |
-50,317
| Closed | -$6.48M | – |
|
1829
Hawaiian Electric Industries
HE
$1.46B
| – | – |
-12,391
| Closed | -$370K | – |
|
1830
Huntington Ingalls Industries
HII
$11.4B
| – | – |
-5,804
| Closed | -$890K | – |
|
1831
Hornbeck Offshore Services, Inc.
HOS
$1.75B
| – | – |
-149,385
| Closed | -$1.22M | – |
|
1832
HSBC
HSBC
$301B
| – | – |
-56,920
| Closed | -$1.93M | – |
|
1833
People Inc
PPLI
$3.05B
| – | – |
-48,322
| Closed | -$539K | – |
|
1834
Interactive Brokers
IBKR
$33B
| – | – |
-40,720
| Closed | -$359K | – |
|
1835
Idacorp
IDA
$8.67B
| – | – |
-10,335
| Closed | -$809K | – |
|
1836
Innoviva
INVA
$1.39B
| – | – |
-22,200
| Closed | -$244K | – |
|
1837
Ionis Pharmaceuticals
IONS
$6.45B
| – | – |
-9,200
| Closed | -$337K | – |
|
1838
iShares Russell 2000 ETF
IWM
$73.5B
| – | – |
-26,637
| Closed | -$3.31M | – |
|
1839
iShares Russell 2000 Growth ETF
IWO
$13.4B
| – | – |
-6,220
| Closed | -$926K | – |
|
1840
Jack in the Box
JACK
$275M
| – | – |
-6,588
| Closed | -$632K | – |
|
1841
KB Home
KBH
$3.16B
| – | – |
-59,308
| Closed | -$956K | – |
|
1842
KBR
KBR
$4.8B
| – | – |
-95,847
| Closed | -$1.45M | – |
|
1843
The Kraft Heinz Company
KHC
$30B
| – | – |
-3,101
| Closed | -$278K | – |
|
1844
Loews
L
$22.7B
| – | – |
-36,602
| Closed | -$1.51M | – |
|
1845
LCI Industries
LCII
$2.49B
| – | – |
-5,876
| Closed | -$576K | – |
|
1846
Southwest Airlines
LUV
$21.8B
| – | – |
-66,387
| Closed | -$2.58M | – |
|
1847
Lexicon Pharmaceuticals
LXRX
$716M
| – | – |
-10,800
| Closed | -$195K | – |
|
1848
Live Nation Entertainment
LYV
$42.2B
| – | – |
-15,870
| Closed | -$436K | – |
|
1849
Macerich
MAC
$7.09B
| – | – |
-16,904
| Closed | -$1.37M | – |
|
1850
Manhattan Associates
MANH
$14.8B
| – | – |
-9,121
| Closed | -$526K | – |
|
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.