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 | |
|---|---|---|---|---|---|---|---|
1901
CarMax
KMX
$7.55B
| – | – |
-43,866
| Closed | -$2.72M | – |
|
1902
Knowles
KN
$2.8B
| – | – |
-88,326
| Closed | -$1.11M | – |
|
1903
KRONOS Worldwide
KRO
$954M
| – | – |
-10,800
| Closed | -$244K | – |
|
1904
DELISTED
Kennedy-Wilson Holdings
KW
| – | – |
-15,776
| Closed | -$275K | – |
|
1905
Lithia Motors
LAD
$6.41B
| – | – |
-9,425
| Closed | -$947K | – |
|
1906
Lamar Advertising Co
LAMR
$16.4B
| – | – |
-5,661
| Closed | -$360K | – |
|
1907
The Marzetti Company
MZTI
$3.02B
| – | – |
-17,741
| Closed | -$2.18M | – |
|
1908
DELISTED
Liberty Broadband Class A
LBRDA
| – | – |
-5,140
| Closed | -$436K | – |
|
|
1909
DELISTED
Liberty Broadband Class C
LBRDK
| – | – |
-38,399
| Closed | -$3.29M | – |
|
1910
Liberty Global Class A
LBTYA
$3.58B
| – | – |
-8,417
| Closed | -$264K | – |
|
1911
Happen Inc
HAPN
$1.79B
| – | – |
-50,110
| Closed | -$877K | – |
|
1912
Lands' End
LE
$267M
| – | – |
-31,309
| Closed | -$731K | – |
|
1913
Lincoln Electric
LECO
$15.3B
| – | – |
-15,786
| Closed | -$1.42M | – |
|
1914
DELISTED
Leggett & Platt
LEG
| – | – |
-15,606
| Closed | -$692K | – |
|
1915
LGI Homes
LGIH
$961M
| – | – |
-49,833
| Closed | -$3.52M | – |
|
1916
Labcorp
LH
$30.1B
| – | – |
-178,302
| Closed | -$24.8M | – |
|
1917
Lumentum
LITE
$54.1B
| – | – |
-12,615
| Closed | -$805K | – |
|
1918
LivaNova
LIVN
$5.03B
| – | – |
-6,241
| Closed | -$552K | – |
|
1919
Eli Lilly
LLY
$1.29T
| – | – |
-80,800
| Closed | -$6.25M | – |
|
1920
LeMaitre Vascular
LMAT
$1.79B
| – | – |
-8,344
| Closed | -$302K | – |
|
1921
El Pollo Loco
LOCO
$454M
| – | – |
-10,516
| Closed | -$100K | – |
|
1922
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.2B
| – | – |
-16,706
| Closed | -$1.96M | – |
|
1923
Lam Research
LRCX
$283B
| – | – |
-178,000
| Closed | -$3.62M | – |
|
1924
DELISTED
LXP Industrial Trust
LXP
| – | – |
-12,837
| Closed | -$505K | – |
|
1925
Lexicon Pharmaceuticals
LXRX
$797M
| – | – |
-19,928
| Closed | -$171K | – |
|
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.