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 | |
|---|---|---|---|---|---|---|---|
1851
Masco
MAS
$16.3B
| – | – |
-102,720
| Closed | -$3.52M | – |
|
1852
Mattel
MAT
$4.57B
| – | – |
-7,896
| Closed | -$239K | – |
|
1853
iShares MSCI China ETF
MCHI
$5.73B
| – | – |
-30,215
| Closed | -$1.46M | – |
|
1854
McKesson
MCK
$125B
| – | – |
-12,663
| Closed | -$2.11M | – |
|
1855
Mondelez International
MDLZ
$84.2B
| – | – |
-51,072
| Closed | -$2.24M | – |
|
1856
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.5B
| – | – |
-24,185
| Closed | -$6.83M | – |
|
1857
Magna International
MGA
$15.8B
| – | – |
-43,704
| Closed | -$1.88M | – |
|
1858
Monster Beverage
MNST
$88.8B
| – | – |
-67,284
| Closed | -$823K | – |
|
1859
Altria Group
MO
$127B
| – | – |
-125,633
| Closed | -$7.94M | – |
|
1860
Mercury Systems
MRCY
$5.09B
| – | – |
-12,303
| Closed | -$302K | – |
|
1861
Microsoft
MSFT
$3.96T
| – | – |
-102,845
| Closed | -$5.92M | – |
|
1862
MSC Industrial Direct
MSM
$6.66B
| – | – |
-8,794
| Closed | -$646K | – |
|
1863
ArcelorMittal
MT
$49.4B
| – | – |
-7,798
| Closed | -$141K | – |
|
1864
Matador Resources
MTDR
$6.23B
| – | – |
-57,782
| Closed | -$1.41M | – |
|
1865
MasTec
MTZ
$14.5B
| – | – |
-7,400
| Closed | -$220K | – |
|
1866
Murphy USA
MUSA
$9.4B
| – | – |
-8,524
| Closed | -$608K | – |
|
1867
Neurocrine Biosciences
NBIX
$17.1B
| – | – |
-24,611
| Closed | -$1.25M | – |
|
1868
Nike
NKE
$57.4B
| – | – |
-4,922
| Closed | -$259K | – |
|
1869
Nektar Therapeutics
NKTR
$1.29B
| – | – |
-1,469
| Closed | -$379K | – |
|
1870
NNN REIT
NNN
$8.1B
| – | – |
-8,232
| Closed | -$419K | – |
|
1871
NRG Energy
NRG
$20.4B
| – | – |
-49,411
| Closed | -$554K | – |
|
1872
Northern Trust
NTRS
$32.2B
| – | – |
-53,313
| Closed | -$3.62M | – |
|
1873
News Corp Class B
NWS
$16B
| – | – |
-54,167
| Closed | -$770K | – |
|
1874
News Corp Class A
NWSA
$14.3B
| – | – |
-73,678
| Closed | -$1.03M | – |
|
1875
Owens Corning
OC
$9.48B
| – | – |
-24,382
| Closed | -$1.3M | – |
|
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.