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 | |
|---|---|---|---|---|---|---|---|
201
Marsh
MRSH
$98.4B
| $6.58M | 0.11% |
+80,904
| New | +$6.72M |
2017 Q4
0 quarters
|
|
|
PACW
202
DELISTED
PacWest Bancorp
PACW
| $6.57M | 0.11% |
+130,438
| New | +$6.22M |
2017 Q4
0 quarters
|
|
203
RPM International
RPM
$13.5B
| $6.49M | 0.11% |
123,843
+60,255
| +95% | +$3.15M |
2017 Q3
1 quarter
|
|
204
Olin
OLN
$2B
| $6.48M | 0.11% |
182,129
+118,411
| +186% | +$4.21M |
2017 Q1
3 quarters
|
|
205
Jefferies Financial Group
JEF
$11B
| $6.38M | 0.11% |
268,970
+37,482
| +16% | +$864K |
2017 Q2
2 quarters
|
|
|
206
Apple
AAPL
$5.06T
| $6.36M | 0.11% |
150,292
-1,217,452
| -89% | -$50.9M |
2017 Q2
2 quarters
|
|
207
CSX Corp
CSX
$94.2B
| $6.35M | 0.11% |
346,317
+12,954
| +4% | +$229K |
2017 Q3
1 quarter
|
|
208
Air Products & Chemicals
APD
$69.5B
| $6.33M | 0.11% |
38,603
-172,323
| -82% | -$27.4M |
2015 Q1
11 quarters
|
|
209
AXIS Capital
AXS
$7.74B
| $6.33M | 0.11% |
125,997
+62,875
| +100% | +$3.35M |
2016 Q4
4 quarters
|
|
210
PTC
PTC
$21.4B
| $6.32M | 0.11% |
103,997
+79,127
| +318% | +$4.91M |
2017 Q3
1 quarter
|
|
211
DuPont de Nemours
DD
$20.8B
| $6.29M | 0.11% |
+34,877
| New | +$6.28M |
2017 Q4
0 quarters
|
|
212
ConocoPhillips
COP
$160B
| $6.28M | 0.11% |
114,411
+6,957
| +6% | +$358K |
2017 Q1
3 quarters
|
|
213
ON Semiconductor
ON
$27.1B
| $6.23M | 0.11% |
+297,573
| New | +$6.07M |
2017 Q4
0 quarters
|
|
214
Bunge Global
BG
$19.1B
| $6.23M | 0.11% |
92,817
-70,094
| -43% | -$4.76M |
2017 Q3
1 quarter
|
|
215
Neurocrine Biosciences
NBIX
$17.1B
| $6.22M | 0.11% |
80,231
+60,328
| +303% | +$4.11M |
2017 Q2
2 quarters
|
|
|
216
Intuit
INTU
$91B
| $6.2M | 0.11% |
39,303
-284,129
| -88% | -$43.3M |
2016 Q3
5 quarters
|
|
217
DELISTED
Pandora Media Inc
P
| $6.2M | 0.11% |
1,285,961
+1,107,746
| +622% | +$6.63M |
2017 Q3
1 quarter
|
|
218
Universal Display
OLED
$4.07B
| $6.19M | 0.11% |
35,866
+4,917
| +16% | +$784K |
2016 Q4
4 quarters
|
|
|
FCE.A
219
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $6.14M | 0.11% |
+254,789
| New | +$6.31M |
2017 Q4
0 quarters
|
|
220
Cummins
CMI
$62.3B
| $6.13M | 0.11% |
34,725
-2,815
| -7% | -$481K |
2016 Q4
4 quarters
|
|
221
Lockheed Martin
LMT
$139B
| $6.13M | 0.11% |
19,090
-53,022
| -74% | -$16.7M |
2017 Q2
2 quarters
|
|
222
Navient Holdings, Inc. Common Stock
NAVI
$633M
| $6.12M | 0.11% |
459,368
+351,555
| +326% | +$4.44M |
2015 Q4
8 quarters
|
|
223
Mastercard
MA
$574B
| $6.06M | 0.11% |
40,063
+3,401
| +9% | +$506K |
2017 Q3
1 quarter
|
|
224
State Street SPDR S&P Regional Banking ETF
KRE
$4.74B
| $6.06M | 0.11% |
+102,887
| New | +$5.91M |
2017 Q4
0 quarters
|
|
225
Rockwell Automation
ROK
$44.1B
| $6.04M | 0.11% |
30,785
+11,421
| +59% | +$2.18M |
2017 Q1
3 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.