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 | |
|---|---|---|---|---|---|---|---|
1926
Telephone and Data Systems
TDS
$3.58B
| – | – |
-15,031
| Closed | -$409K | – |
|
1927
Tidewater
TDW
$3.68B
| – | – |
-1,716
| Closed | -$156K | – |
|
1928
TE Connectivity
TEL
$62.4B
| – | – |
-30,115
| Closed | -$1.94M | – |
|
1929
DELISTED
TEGNA Inc
TGNA
| – | – |
-23,377
| Closed | -$327K | – |
|
1930
Interface
TILE
$1.84B
| – | – |
-13,427
| Closed | -$224K | – |
|
1931
DELISTED
Taylor Morrison
TMHC
| – | – |
-10,500
| Closed | -$185K | – |
|
1932
Tractor Supply
TSCO
$19.4B
| – | – |
-232,495
| Closed | -$3.13M | – |
|
1933
Televisa
TV
$2.47B
| – | – |
-14,151
| Closed | -$364K | – |
|
1934
Textron
TXT
$14.7B
| – | – |
-19,447
| Closed | -$773K | – |
|
1935
UFP Industries
UFPI
$4.41B
| – | – |
-9,060
| Closed | -$297K | – |
|
1936
U-Haul Holding Co
UHAL
$11B
| – | – |
-7,000
| Closed | -$227K | – |
|
1937
Unilever
UL
$143B
| – | – |
-23,277
| Closed | -$1.24M | – |
|
1938
United Natural Foods
UNFI
$2.84B
| – | – |
-20,022
| Closed | -$802K | – |
|
1939
Uniti Group
UNIT
$1.02B
| – | – |
-29,045
| Closed | -$912K | – |
|
1940
United Therapeutics
UTHR
$25.1B
| – | – |
-11,966
| Closed | -$1.41M | – |
|
1941
Universal Insurance Holdings
UVE
$1.33B
| – | – |
-15,501
| Closed | -$391K | – |
|
1942
VF Corp
VFC
$8.16B
| – | – |
-22,381
| Closed | -$1.18M | – |
|
1943
Telefônica Brasil
VIV
$18.6B
| – | – |
-39,457
| Closed | -$571K | – |
|
1944
Valley National Bancorp
VLY
$7.87B
| – | – |
-30,243
| Closed | -$294K | – |
|
1945
Vornado Realty Trust
VNO
$6.65B
| – | – |
-3,459
| Closed | -$283K | – |
|
1946
Vanguard Real Estate ETF
VNQ
$38.9B
| – | – |
-71,215
| Closed | -$6.18M | – |
|
1947
Wabtec
WAB
$50.9B
| – | – |
-15,604
| Closed | -$1.27M | – |
|
1948
Western Digital
WDC
$108B
| – | – |
-38,132
| Closed | -$1.68M | – |
|
1949
Whirlpool
WHR
$1.99B
| – | – |
-6,662
| Closed | -$1.08M | – |
|
1950
John Wiley & Sons Class A
WLY
$2.58B
| – | – |
-3,919
| Closed | -$202K | – |
|
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.