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 | 11.05% |
| 5 | Industrials | 10.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
176
Hasbro
HAS
$16.7B
| $3.32M | 0.14% |
42,635
+16,917
| +66% | +$1.4M |
2015 Q4
4 quarters
|
|
177
Transocean
RIG
$7.49B
| $3.31M | 0.14% |
224,602
-1,096
| -0.5% | -$13K |
2015 Q4
4 quarters
|
|
178
Agnico Eagle Mines
AEM
$92.7B
| $3.29M | 0.13% |
78,345
+74,227
| +1,803% | +$3.28M |
2016 Q3
1 quarter
|
|
|
ESV
179
DELISTED
Ensco Rowan plc
ESV
| $3.27M | 0.13% |
84,216
+39,132
| +87% | +$1.4M |
2015 Q3
5 quarters
|
|
180
Las Vegas Sands
LVS
$23.5B
| $3.27M | 0.13% |
+61,176
| New | +$3.56M |
2016 Q4
0 quarters
|
|
181
HP
HPQ
$29.3B
| $3.26M | 0.13% |
219,432
+88,355
| +67% | +$1.34M |
2015 Q1
7 quarters
|
|
|
GGP
182
DELISTED
GGP Inc.
GGP
| $3.21M | 0.13% |
128,326
+73,086
| +132% | +$1.87M |
2016 Q3
1 quarter
|
|
183
Vail Resorts
MTN
$5.41B
| $3.2M | 0.13% |
19,845
-12,593
| -39% | -$2M |
2016 Q1
3 quarters
|
|
184
Nu Skin
NUS
$232M
| $3.2M | 0.13% |
66,971
+58,271
| +670% | +$3.26M |
2016 Q1
3 quarters
|
|
185
iShares Biotechnology ETF
IBB
$11.3B
| $3.2M | 0.13% |
36,159
-15,204
| -30% | -$1.38M |
2016 Q3
1 quarter
|
|
186
Waters Corp
WAT
$46.9B
| $3.19M | 0.13% |
23,746
+18,596
| +361% | +$2.65M |
2016 Q2
2 quarters
|
|
187
Agilent Technologies
A
$51.2B
| $3.17M | 0.13% |
69,491
+11,644
| +20% | +$528K |
2015 Q4
4 quarters
|
|
188
DELISTED
Sealed Air
SEE
| $3.17M | 0.13% |
+69,823
| New | +$3.21M |
2016 Q4
0 quarters
|
|
|
VIAB
189
DELISTED
Viacom Inc. Class B
VIAB
| $3.16M | 0.13% |
+89,911
| New | +$3.3M |
2016 Q4
0 quarters
|
|
190
DELISTED
Randgold Resources Ltd
GOLD
| $3.14M | 0.13% |
+41,199
| New | +$3.27M |
2016 Q4
0 quarters
|
|
191
Steel Dynamics
STLD
$35.6B
| $3.14M | 0.13% |
88,326
+26,092
| +42% | +$821K |
2015 Q4
4 quarters
|
|
192
The Gap Inc
GAP
$7.73B
| $3.13M | 0.13% |
+139,469
| New | +$3.59M |
2016 Q4
0 quarters
|
|
193
Universal Health Services
UHS
$10.1B
| $3.12M | 0.13% |
29,309
+24,704
| +536% | +$2.93M |
2015 Q3
5 quarters
|
|
194
PG&E
PCG
$39.5B
| $3.11M | 0.13% |
51,120
-7,678
| -13% | -$460K |
2015 Q4
4 quarters
|
|
|
KATE
195
DELISTED
Kate Spade & Company
KATE
| $3.1M | 0.13% |
166,189
+111,687
| +205% | +$1.83M |
2016 Q3
1 quarter
|
|
196
Oshkosh
OSK
$8.52B
| $3.09M | 0.13% |
+47,861
| New | +$2.96M |
2016 Q4
0 quarters
|
|
197
LKQ Corp
LKQ
$4.35B
| $3.08M | 0.13% |
100,413
+56,760
| +130% | +$1.85M |
2015 Q4
4 quarters
|
|
|
TWX
198
DELISTED
Time Warner Inc
TWX
| $3.05M | 0.12% |
+31,603
| New | +$2.81M |
2016 Q4
0 quarters
|
|
199
Union Pacific
UNP
$177B
| $3.03M | 0.12% |
+29,192
| New | +$2.87M |
2016 Q4
0 quarters
|
|
200
Hyatt Hotels
H
$16.3B
| $3M | 0.12% |
+54,216
| New | +$2.87M |
2016 Q4
0 quarters
|
|
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.