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 | |
|---|---|---|---|---|---|---|---|
2051
Trex
TREX
$5.28B
| – | – |
-31,068
| Closed | -$845K | – |
|
2052
Targa Resources
TRGP
$63.6B
| – | – |
-20,737
| Closed | -$912K | – |
|
2053
TriMas Corp
TRS
$1.35B
| – | – |
-7,900
| Closed | -$207K | – |
|
2054
DELISTED
TrueCar
TRUE
| – | – |
-91,154
| Closed | -$862K | – |
|
2055
Trupanion
TRUP
$1.48B
| – | – |
-12,017
| Closed | -$359K | – |
|
2056
Trane Technologies
TT
$92.8B
| – | – |
-342,439
| Closed | -$29.3M | – |
|
2057
Toro Company
TTC
$10.1B
| – | – |
-5,387
| Closed | -$336K | – |
|
2058
Tetra Tech
TTEK
$10B
| – | – |
-57,850
| Closed | -$566K | – |
|
2059
Televisa
TV
$2.34B
| – | – |
-31,490
| Closed | -$503K | – |
|
2060
Under Armour Class C
UA
$2.04B
| – | – |
-22,567
| Closed | -$324K | – |
|
2061
Under Armour
UAA
$2.1B
| – | – |
-24,067
| Closed | -$393K | – |
|
2062
United Bankshares
UBSI
$6.44B
| – | – |
-43,463
| Closed | -$1.53M | – |
|
2063
UFP Industries
UFPI
$4.32B
| – | – |
-16,953
| Closed | -$550K | – |
|
2064
UGI
UGI
$8.04B
| – | – |
-85,327
| Closed | -$3.79M | – |
|
2065
Unilever
UL
$142B
| – | – |
-18,328
| Closed | -$1.15M | – |
|
2066
UMB Financial
UMBF
$10.1B
| – | – |
-14,202
| Closed | -$1.03M | – |
|
2067
US Bancorp
USB
$94.2B
| – | – |
-826,917
| Closed | -$41.8M | – |
|
2068
United Therapeutics
UTHR
$25.3B
| – | – |
-3,143
| Closed | -$353K | – |
|
2069
Marriott Vacations Worldwide
VAC
$3.96B
| – | – |
-4,027
| Closed | -$536K | – |
|
2070
INNOVATE Corp
VATE
$66.3M
| – | – |
-1,718
| Closed | -$90K | – |
|
2071
Veeco
VECO
$2.47B
| – | – |
-20,500
| Closed | -$349K | – |
|
2072
Veritone
VERI
$49.9M
| – | – |
-18,678
| Closed | -$260K | – |
|
2073
VirnetX Holding Corp
VHC
$40.5M
| – | – |
-876
| Closed | -$69K | – |
|
2074
Valhi
VHI
$476M
| – | – |
-950
| Closed | -$69K | – |
|
2075
Vulcan Materials
VMC
$36B
| – | – |
-41,485
| Closed | -$4.74M | – |
|
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.