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 | |
|---|---|---|---|---|---|---|---|
1901
Rockwell Automation
ROK
$42.3B
| – | – |
-6,546
| Closed | -$801K | – |
|
1902
RPM International
RPM
$13.4B
| – | – |
-8,816
| Closed | -$474K | – |
|
1903
Republic Services
RSG
$76B
| – | – |
-29,375
| Closed | -$1.48M | – |
|
1904
Ryanair
RYAAY
$30.3B
| – | – |
-44,398
| Closed | -$1.33M | – |
|
1905
Sanmina
SANM
$6.97B
| – | – |
-7,959
| Closed | -$227K | – |
|
1906
EchoStar
ECHO
$26.1B
| – | – |
-20,238
| Closed | -$719K | – |
|
1907
Service Corp International
SCI
$10.3B
| – | – |
-14,682
| Closed | -$390K | – |
|
1908
Comscore
SCOR
$50.1M
| – | – |
-417
| Closed | -$256K | – |
|
1909
Stifel
SF
$10.8B
| – | – |
-17,411
| Closed | -$298K | – |
|
1910
Sprouts Farmers Market
SFM
$4.76B
| – | – |
-14,548
| Closed | -$300K | – |
|
1911
Shenandoah Telecom
SHEN
$538M
| – | – |
-10,100
| Closed | -$275K | – |
|
1912
Silicom
SILC
$152M
| – | – |
-5,068
| Closed | -$210K | – |
|
1913
Silicon Laboratories
SLAB
$7.38B
| – | – |
-5,175
| Closed | -$304K | – |
|
1914
Sony
SONY
$161B
| – | – |
-49,680
| Closed | -$330K | – |
|
1915
DELISTED
Spirit AeroSystems
SPR
| – | – |
-75,917
| Closed | -$3.38M | – |
|
|
1916
State Street SPDR S&P 500 ETF Trust
SPY
$775B
| – | – |
-294,609
| Closed | -$63.7M | – |
|
1917
Spire
SR
$5.27B
| – | – |
-6,167
| Closed | -$393K | – |
|
1918
Steris
STE
$24.8B
| – | – |
-7,278
| Closed | -$532K | – |
|
|
STKL
1919
DELISTED
SunOpta
STKL
| – | – |
-17,717
| Closed | -$125K | – |
|
1920
Stellantis
STLA
$12.9B
| – | – |
-77,321
| Closed | -$493K | – |
|
1921
Sun Communities
SUI
$14.6B
| – | – |
-2,900
| Closed | -$228K | – |
|
1922
Southwest Gas
SWX
$6.55B
| – | – |
-10,324
| Closed | -$721K | – |
|
1923
Synchrony
SYF
$24.1B
| – | – |
-85,851
| Closed | -$2.4M | – |
|
1924
Teradata
TDC
$3.04B
| – | – |
-40,117
| Closed | -$1.24M | – |
|
1925
TransDigm Group
TDG
$65.7B
| – | – |
-3,912
| Closed | -$1.13M | – |
|
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.