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 | |
|---|---|---|---|---|---|---|---|
1951
NetApp
NTAP
$35.6B
| – | – |
-32,062
| Closed | -$1.98M | – |
|
1952
NetEase
NTES
$78.2B
| – | – |
-13,540
| Closed | -$759K | – |
|
1953
Nova
NVMI
$10.1B
| – | – |
-46,290
| Closed | -$1.26M | – |
|
1954
NatWest
NWG
$62.5B
| – | – |
-18,401
| Closed | -$147K | – |
|
1955
Northwest Bancshares
NWBI
$2.22B
| – | – |
-12,208
| Closed | -$202K | – |
|
1956
Newell Brands
NWL
$2.46B
| – | – |
-478,305
| Closed | -$12.2M | – |
|
1957
NXP Semiconductors
NXPI
$66.8B
| – | – |
-129,016
| Closed | -$15.1M | – |
|
1958
Orthofix Medical
OFIX
$292M
| – | – |
-9,676
| Closed | -$569K | – |
|
1959
OGE Energy
OGE
$10.7B
| – | – |
-191,802
| Closed | -$6.28M | – |
|
1960
Omega Healthcare
OHI
$14.3B
| – | – |
-11,245
| Closed | -$304K | – |
|
1961
Oceaneering
OII
$3.55B
| – | – |
-202,644
| Closed | -$3.76M | – |
|
1962
Oil States International
OIS
$513M
| – | – |
-16,088
| Closed | -$422K | – |
|
1963
Okta
OKTA
$32B
| – | – |
-41,045
| Closed | -$1.64M | – |
|
1964
Universal Display
OLED
$4.02B
| – | – |
-68,101
| Closed | -$6.88M | – |
|
1965
Ollie's Bargain Outlet
OLLI
$5.63B
| – | – |
-68,961
| Closed | -$4.16M | – |
|
1966
Old National Bancorp
ONB
$9.48B
| – | – |
-14,244
| Closed | -$241K | – |
|
1967
OraSure Technologies
OSUR
$250M
| – | – |
-12,370
| Closed | -$209K | – |
|
1968
Oxford Industries
OXM
$420M
| – | – |
-12,645
| Closed | -$943K | – |
|
1969
Oxford Square Capital
OXSQ
$92.2M
| – | – |
-21,600
| Closed | -$132K | – |
|
1970
Phibro Animal Health
PAHC
$1.46B
| – | – |
-18,409
| Closed | -$731K | – |
|
1971
PACCAR
PCAR
$56.2B
| – | – |
-173,609
| Closed | -$7.66M | – |
|
1972
Paylocity
PCTY
$9.26B
| – | – |
-18,329
| Closed | -$939K | – |
|
1973
PepsiCo
PEP
$198B
| – | – |
-112,419
| Closed | -$12.3M | – |
|
1974
Precigen
PGEN
$1.63B
| – | – |
-10,880
| Closed | -$167K | – |
|
1975
Philips
PHG
$29.7B
| – | – |
-8,433
| Closed | -$245K | – |
|
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.