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 | |
|---|---|---|---|---|---|---|---|
1876
Intercontinental Exchange
ICE
$100B
| – | – |
-139,978
| Closed | -$10.2M | – |
|
1877
Idacorp
IDA
$8.63B
| – | – |
-2,941
| Closed | -$260K | – |
|
1878
IDEX
IEX
$17.5B
| – | – |
-2,531
| Closed | -$361K | – |
|
1879
Brightstar Lottery PLC
BRSL
$1.77B
| – | – |
-72,994
| Closed | -$1.95M | – |
|
1880
IMAX
IMAX
$2.67B
| – | – |
-35,475
| Closed | -$681K | – |
|
1881
Infosys
INFY
$49.8B
| – | – |
-274,048
| Closed | -$2.45M | – |
|
1882
Summit Hotel Properties
INN
$782M
| – | – |
-29,444
| Closed | -$401K | – |
|
1883
DELISTED
iRobot
IRBT
| – | – |
-9,772
| Closed | -$627K | – |
|
1884
Iron Mountain
IRM
$33.9B
| – | – |
-44,369
| Closed | -$1.46M | – |
|
1885
iRhythm Holdings
IRTC
$3.05B
| – | – |
-8,957
| Closed | -$564K | – |
|
1886
Itron
ITRI
$4.21B
| – | – |
-22,741
| Closed | -$1.63M | – |
|
1887
PUT
iShares Russell 2000 ETF
IWM
$77.1B
| – | – |
-7,400
| Closed | -$1.12M | – |
|
1888
iShares Russell 2000 Growth ETF
IWO
$13.9B
| – | – |
-1,312
| Closed | -$250K | – |
|
1889
iShares US Real Estate ETF
IYR
$3.98B
| – | – |
-178,577
| Closed | -$13.5M | – |
|
1890
Jazz Pharmaceuticals
JAZZ
$15.5B
| – | – |
-2,314
| Closed | -$349K | – |
|
1891
JBG SMITH
JBGS
$725M
| – | – |
-11,083
| Closed | -$374K | – |
|
1892
Jack Henry & Associates
JKHY
$12.4B
| – | – |
-9,090
| Closed | -$1.1M | – |
|
1893
DELISTED
Juniper Networks
JNPR
| – | – |
-189,632
| Closed | -$4.61M | – |
|
1894
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.23B
| – | – |
-64,607
| Closed | -$6.95M | – |
|
1895
Keurig Dr Pepper
KDP
$49.5B
| – | – |
-209,181
| Closed | -$24.8M | – |
|
1896
Kimball Electronics
KE
$474M
| – | – |
-10,900
| Closed | -$176K | – |
|
1897
KeyCorp
KEY
$22.7B
| – | – |
-854,883
| Closed | -$16.7M | – |
|
1898
Kinross Gold
KGC
$24.5B
| – | – |
-296,563
| Closed | -$1.17M | – |
|
1899
The Kraft Heinz Company
KHC
$29.7B
| – | – |
-27,140
| Closed | -$1.69M | – |
|
1900
Kennametal
KMT
$1.85B
| – | – |
-14,085
| Closed | -$566K | – |
|
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.