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 | |
|---|---|---|---|---|---|---|---|
201
Flowers Foods
FLO
$1.31B
| $2.99M | 0.12% |
149,906
+133,664
| +823% | +$2.2M |
2015 Q4
4 quarters
|
|
202
F5
FFIV
$20.6B
| $2.99M | 0.12% |
20,672
+6,076
| +42% | +$823K |
2016 Q3
1 quarter
|
|
203
Carnival Corporation Ltd
CCL
$38.8B
| $2.96M | 0.12% |
+56,945
| New | +$2.85M |
2016 Q4
0 quarters
|
|
204
CSX Corp
CSX
$96.8B
| $2.95M | 0.12% |
+246,018
| New | +$2.76M |
2016 Q4
0 quarters
|
|
205
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$13B
| $2.94M | 0.12% |
26,707
-21,771
| -45% | -$2.44M |
2016 Q3
1 quarter
|
|
206
CenterPoint Energy
CNP
$28B
| $2.92M | 0.12% |
+118,720
| New | +$2.78M |
2016 Q4
0 quarters
|
|
207
Abbott
ABT
$181B
| $2.9M | 0.12% |
+75,420
| New | +$2.99M |
2016 Q4
0 quarters
|
|
208
AB InBev
BUD
$157B
| $2.86M | 0.12% |
+27,127
| New | +$3.04M |
2016 Q4
0 quarters
|
|
209
Citizens Financial Group
CFG
$27.6B
| $2.84M | 0.12% |
79,843
+63,630
| +392% | +$1.93M |
2016 Q2
2 quarters
|
|
210
InterDigital
IDCC
$8.61B
| $2.84M | 0.12% |
31,055
+14,052
| +83% | +$1.13M |
2015 Q3
5 quarters
|
|
211
Illinois Tool Works
ITW
$80B
| $2.83M | 0.12% |
+23,093
| New | +$2.79M |
2016 Q4
0 quarters
|
|
|
SSRI
212
DELISTED
Silver Standard Resources
SSRI
| $2.82M | 0.12% |
+316,584
| New | +$3.2M |
2016 Q4
0 quarters
|
|
213
Acuity Brands
AYI
$9.8B
| $2.82M | 0.12% |
+12,214
| New | +$2.96M |
2016 Q4
0 quarters
|
|
214
Becton Dickinson
BDX
$54B
| $2.8M | 0.11% |
17,356
+3,134
| +22% | +$520K |
2016 Q2
2 quarters
|
|
215
Verisk Analytics
VRSK
$24.8B
| $2.76M | 0.11% |
33,974
+27,798
| +450% | +$2.28M |
2016 Q1
3 quarters
|
|
216
Wheaton Precious Metals
WPM
$56B
| $2.75M | 0.11% |
+142,398
| New | +$2.97M |
2016 Q4
0 quarters
|
|
217
Garmin
GRMN
$53.9B
| $2.74M | 0.11% |
56,459
+34,306
| +155% | +$1.71M |
2016 Q3
1 quarter
|
|
|
PE
218
DELISTED
PARSLEY ENERGY INC
PE
| $2.73M | 0.11% |
77,547
+55,447
| +251% | +$1.96M |
2016 Q1
3 quarters
|
|
219
Avery Dennison
AVY
$13.8B
| $2.73M | 0.11% |
38,845
+23,569
| +154% | +$1.71M |
2016 Q2
2 quarters
|
|
220
Coca-Cola
KO
$399B
| $2.71M | 0.11% |
+65,361
| New | +$2.72M |
2016 Q4
0 quarters
|
|
221
Patterson-UTI
PTEN
$4.84B
| $2.7M | 0.11% |
+100,099
| New | +$2.47M |
2016 Q4
0 quarters
|
|
|
XEC
222
DELISTED
CIMAREX ENERGY CO
XEC
| $2.69M | 0.11% |
19,775
+6,395
| +48% | +$856K |
2016 Q2
2 quarters
|
|
223
WEC Energy
WEC
$37.4B
| $2.68M | 0.11% |
45,731
+720
| +2% | +$41.3K |
2016 Q3
1 quarter
|
|
224
Corning
GLW
$111B
| $2.67M | 0.11% |
110,128
-86,213
| -44% | -$2.05M |
2015 Q4
4 quarters
|
|
225
Exelon
EXC
$47.3B
| $2.65M | 0.11% |
+104,619
| New | +$2.48M |
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.