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 | |
|---|---|---|---|---|---|---|---|
2076
Vornado Realty Trust
VNO
$6.49B
| – | – |
-32,110
| Closed | -$2.16M | – |
|
2077
Vera Bradley
VRA
$217M
| – | – |
-11,557
| Closed | -$123K | – |
|
2078
Viridian Therapeutics
VRDN
$3.46B
| – | – |
-1,227
| Closed | -$129K | – |
|
2079
DELISTED
Verint Systems
VRNT
| – | – |
-28,153
| Closed | -$611K | – |
|
2080
DELISTED
Vital Energy
VTLE
| – | – |
-20,794
| Closed | -$3.62M | – |
|
2081
Vuzix
VUZI
$155M
| – | – |
-37,850
| Closed | -$208K | – |
|
2082
Wabtec
WAB
$50.4B
| – | – |
-5,156
| Closed | -$420K | – |
|
2083
WaFd
WAFD
$2.17B
| – | – |
-22,663
| Closed | -$784K | – |
|
2084
Energous
WATT
$48.3M
| – | – |
-37
| Closed | -$357K | – |
|
2085
Walker & Dunlop
WD
$1.33B
| – | – |
-5,897
| Closed | -$350K | – |
|
2086
Western Digital
WDC
$116B
| – | – |
-4,366
| Closed | -$304K | – |
|
2087
Welltower
WELL
$180B
| – | – |
-70,673
| Closed | -$3.85M | – |
|
2088
Werner Enterprises
WERN
$1.66B
| – | – |
-33,787
| Closed | -$1.23M | – |
|
2089
Wells Fargo
WFC
$257B
| – | – |
-661,917
| Closed | -$34.7M | – |
|
2090
Wabash National
WNC
$477M
| – | – |
-47,345
| Closed | -$985K | – |
|
2091
Wolfspeed
WOLF
$1.42B
| – | – |
-36,633
| Closed | -$1.48M | – |
|
2092
W.R. Berkley
WRB
$28.7B
| – | – |
-35,947
| Closed | -$774K | – |
|
2093
West Pharmaceutical
WST
$28.7B
| – | – |
-6,727
| Closed | -$594K | – |
|
2094
Essential Utilities
WTRG
$12.8B
| – | – |
-9,248
| Closed | -$315K | – |
|
2095
Willis Towers Watson
WTW
$30.3B
| – | – |
-49,872
| Closed | -$7.59M | – |
|
2096
DELISTED
US Steel
X
| – | – |
-56,610
| Closed | -$1.99M | – |
|
2097
State Street Industrial Select Sector SPDR ETF
XLI
$30.9B
| – | – |
-112,426
| Closed | -$8.35M | – |
|
2098
State Street Technology Select Sector SPDR ETF
XLK
$113B
| – | – |
-175,824
| Closed | -$5.75M | – |
|
2099
Xunlei
XNET
$226M
| – | – |
-74,445
| Closed | -$751K | – |
|
2100
ExxonMobil
XOM
$693B
| – | – |
-201,349
| Closed | -$15M | – |
|
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.