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 | |
|---|---|---|---|---|---|---|---|
1876
Oragenics
OGEN
$1.57M
| – | – |
-1
| Closed | -$6K | – |
|
1877
Omega Healthcare
OHI
$14.5B
| – | – |
-19,762
| Closed | -$701K | – |
|
1878
Oceaneering
OII
$3.39B
| – | – |
-41,905
| Closed | -$1.15M | – |
|
1879
Oil States International
OIS
$486M
| – | – |
-16,021
| Closed | -$506K | – |
|
1880
Oneok
OKE
$54.4B
| – | – |
-42,710
| Closed | -$2.2M | – |
|
1881
Ollie's Bargain Outlet
OLLI
$5.52B
| – | – |
-7,621
| Closed | -$200K | – |
|
1882
Old Republic International
ORI
$9.7B
| – | – |
-23,932
| Closed | -$422K | – |
|
1883
Ovintiv
OVV
$16.8B
| – | – |
-33,317
| Closed | -$1.74M | – |
|
1884
Oxford Industries
OXM
$455M
| – | – |
-3,677
| Closed | -$249K | – |
|
1885
Pacific Biosciences
PACB
$755M
| – | – |
-13,097
| Closed | -$117K | – |
|
1886
Prestige Consumer Healthcare
PBH
$2.1B
| – | – |
-21,837
| Closed | -$1.05M | – |
|
1887
Pacira BioSciences
PCRX
$1.45B
| – | – |
-28,592
| Closed | -$978K | – |
|
1888
Pebblebrook Hotel Trust
PEB
$2.32B
| – | – |
-7,900
| Closed | -$210K | – |
|
1889
Public Service Enterprise Group
PEG
$36.4B
| – | – |
-18,785
| Closed | -$787K | – |
|
1890
Penumbra
PEN
$12.7B
| – | – |
-7,048
| Closed | -$536K | – |
|
1891
Pultegroup
PHM
$25.7B
| – | – |
-27,399
| Closed | -$549K | – |
|
1892
ePlus
PLUS
$2.15B
| – | – |
-8,800
| Closed | -$208K | – |
|
1893
Progress Software
PRGS
$1.82B
| – | – |
-8,768
| Closed | -$238K | – |
|
1894
Quanta Services
PWR
$76.7B
| – | – |
-31,137
| Closed | -$872K | – |
|
1895
Restaurant Brands International
QSR
$27.4B
| – | – |
-5,113
| Closed | -$228K | – |
|
1896
Ryder
R
$10.3B
| – | – |
-6,147
| Closed | -$405K | – |
|
1897
Rio Tinto
RIO
$135B
| – | – |
-10,160
| Closed | -$339K | – |
|
1898
RLJ Lodging Trust
RLJ
$1.89B
| – | – |
-19,500
| Closed | -$410K | – |
|
1899
Rambus
RMBS
$7.46B
| – | – |
-10,768
| Closed | -$135K | – |
|
1900
ResMed
RMD
$33.7B
| – | – |
-23,290
| Closed | -$1.51M | – |
|
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.