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 Core MSCI Emerging Markets ETF
IEMG
|
+$203M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$91.1M |
| 3 |
PG&E
PCG
|
+$57.7M |
| 4 |
VanEck Gold Miners ETF
GDX
|
+$53.7M |
| 5 |
Boston Scientific
BSX
|
+$41.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Japan ETF
EWJ
|
+$67M |
| 2 |
iShares MSCI India ETF
INDA
|
+$55.1M |
| 3 |
Apple
AAPL
|
+$50.9M |
| 4 |
Intuit
INTU
|
+$43.3M |
| 5 |
Lowe's Companies
LOW
|
+$41.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 15.3% |
| 2 | Consumer Discretionary | 13.6% |
| 3 | Technology | 11.89% |
| 4 | Healthcare | 11.31% |
| 5 | Industrials | 10.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
176
Gilead Sciences
GILD
$212B
| $7.35M | 0.13% |
+102,591
| New | +$7.79M |
2017 Q4
0 quarters
|
|
|
AKRX
177
DELISTED
Akorn Inc
AKRX
| $7.35M | 0.13% |
227,941
-16,109
| -7% | -$528K |
2017 Q1
3 quarters
|
|
178
Walmart Inc
WMT
$996B
| $7.33M | 0.13% |
222,771
-652,431
| -75% | -$20M |
2015 Q4
8 quarters
|
|
179
Cincinnati Financial
CINF
$29.2B
| $7.33M | 0.13% |
97,742
+40,183
| +70% | +$2.99M |
2017 Q2
2 quarters
|
|
180
DELISTED
AvalonBay Communities
AVB
| $7.3M | 0.13% |
40,903
-91,713
| -69% | -$16.6M |
2017 Q2
2 quarters
|
|
181
Bank of New York Mellon
BNY
$102B
| $7.3M | 0.13% |
135,474
+91,644
| +209% | +$4.88M |
2017 Q2
2 quarters
|
|
|
ATH
182
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $7.22M | 0.13% |
139,657
+134,778
| +2,762% | +$6.89M |
2017 Q2
2 quarters
|
|
183
PBF Energy
PBF
$7.81B
| $7.19M | 0.13% |
+202,942
| New | +$6.27M |
2017 Q4
0 quarters
|
|
184
Allegion
ALLE
$16.1B
| $7.19M | 0.13% |
+90,339
| New | +$7.57M |
2017 Q4
0 quarters
|
|
185
CMS Energy
CMS
$21.9B
| $7.18M | 0.13% |
151,861
-93,484
| -38% | -$4.53M |
2016 Q3
5 quarters
|
|
|
WCG
186
DELISTED
Wellcare Health Plans, Inc.
WCG
| $7.09M | 0.12% |
35,243
+13,218
| +60% | +$2.56M |
2016 Q1
7 quarters
|
|
187
Spectrum Brands
SPB
$2.04B
| $7.07M | 0.12% |
62,932
+31,636
| +101% | +$3.46M |
2015 Q4
8 quarters
|
|
188
Omnicom Group
OMC
$24.4B
| $7.05M | 0.12% |
+96,770
| New | +$6.94M |
2017 Q4
0 quarters
|
|
189
DexCom
DXCM
$29.8B
| $7.01M | 0.12% |
488,348
+458,896
| +1,558% | +$5.96M |
2017 Q3
1 quarter
|
|
190
DELISTED
Splunk Inc
SPLK
| $6.87M | 0.12% |
82,963
+73,666
| +792% | +$5.4M |
2017 Q3
1 quarter
|
|
191
Toro Company
TTC
$10.1B
| $6.84M | 0.12% |
104,924
+27,301
| +35% | +$1.73M |
2016 Q3
5 quarters
|
|
192
EQT Corp
EQT
$32.5B
| $6.8M | 0.12% |
+219,518
| New | +$7.2M |
2017 Q4
0 quarters
|
|
193
DELISTED
Electronic Arts
EA
| $6.78M | 0.12% |
64,490
-96,108
| -60% | -$10.7M |
2017 Q1
3 quarters
|
|
|
RSX
194
DELISTED
VanEck Russia ETF
RSX
| $6.72M | 0.12% |
317,040
-8,599
| -3% | -$188K |
2016 Q1
7 quarters
|
|
195
Cadence Design Systems
CDNS
$91B
| $6.69M | 0.12% |
159,969
+92,286
| +136% | +$3.97M |
2016 Q4
4 quarters
|
|
196
Ciena
CIEN
$38.6B
| $6.67M | 0.12% |
318,666
+303,605
| +2,016% | +$6.44M |
2017 Q2
2 quarters
|
|
|
XLNX
197
DELISTED
Xilinx Inc
XLNX
| $6.62M | 0.12% |
+98,226
| New | +$6.97M |
2017 Q4
0 quarters
|
|
198
Yum China
YUMC
$16.7B
| $6.62M | 0.12% |
165,364
+11,901
| +8% | +$490K |
2016 Q4
4 quarters
|
|
199
UnitedHealth
UNH
$363B
| $6.6M | 0.12% |
29,944
+10,508
| +54% | +$2.23M |
2016 Q4
4 quarters
|
|
|
PF
200
DELISTED
Pinnacle Foods, Inc.
PF
| $6.59M | 0.11% |
110,785
+47,957
| +76% | +$2.7M |
2015 Q4
8 quarters
|
|
Similar funds
Squarepoint's Q4 2017 Portfolio in Review
As of Q4 2017, Squarepoint held 2,530 positions worth $5.74B, up 10% from $5.2B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Squarepoint deployed $341M of net new capital in Q4 2017, opening 949 new positions and adding to 622 existing holdings. Its largest new stake was Boston Scientific: 1,494,796 shares worth $37.1M.
By sector, the portfolio is most concentrated in Miscellaneous at 15% of assets, up from 14% a quarter earlier, followed by Consumer Discretionary and Technology.
On the sell side, the largest reduction was Apple, an estimated $50.9M trimmed.
- Squarepoint's largest Q4 2017 buy was Boston Scientific: 1,494,796 shares worth $37.1M.
- Squarepoint added most to iShares Core MSCI Emerging Markets ETF in Q4 2017, an estimated $203M increase.
- Squarepoint's biggest Q4 2017 reduction was Apple, cutting an estimated $50.9M.
- Squarepoint fully exited iShares MSCI Japan ETF in Q4 2017, selling an estimated $67M.
- Squarepoint's ten largest holdings make up 15% of its $5.74B portfolio in Q4 2017.
- Squarepoint opened 949 new positions and closed 486 in Q4 2017.
- Squarepoint's portfolio value rose 10% quarter-over-quarter to $5.74B.
Based on Squarepoint's 13F filing for Q4 2017, filed 14 Feb 2018.