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 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$223M |
| 2 |
CVS Health
CVS
|
+$18.9M |
| 3 |
American International
AIG
|
+$16.3M |
| 4 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$13.4M |
| 5 |
TJX Companies
TJX
|
+$12.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chubb
CB
|
+$12.6M |
| 2 |
Crown Castle
CCI
|
+$7.91M |
| 3 |
Eli Lilly
LLY
|
+$7.58M |
| 4 |
RTX Corp
RTX
|
+$7.28M |
| 5 |
Deere & Co
DE
|
+$7.24M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 22.16% |
| 2 | Consumer Discretionary | 11.77% |
| 3 | Financials | 11.5% |
| 4 | Healthcare | 9.84% |
| 5 | Technology | 9.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.2B
| $227M | 14.17% |
+833,964
| New | +$223M |
2016 Q2
0 quarters
|
|
|
2
American International
AIG
$42.6B
| $20.1M | 1.25% |
379,128
+295,338
| +352% | +$16.3M |
2014 Q4
6 quarters
|
|
|
3
CVS Health
CVS
$116B
| $18.6M | 1.16% |
194,137
+190,018
| +4,613% | +$18.9M |
2016 Q1
1 quarter
|
|
4
Invesco QQQ Trust
QQQ
$483B
| $16.3M | 1.02% |
151,406
+47,865
| +46% | +$5.17M |
2016 Q1
1 quarter
|
|
5
Home Depot
HD
$328B
| $15.5M | 0.97% |
121,663
+79,485
| +188% | +$10.5M |
2016 Q1
1 quarter
|
|
6
DELISTED
EMC CORPORATION
EMC
| $14.6M | 0.91% |
537,156
+283,723
| +112% | +$7.67M |
2015 Q4
2 quarters
|
|
7
General Dynamics
GD
$100B
| $14.4M | 0.9% |
103,511
+4,728
| +5% | +$659K |
2015 Q3
3 quarters
|
|
|
8
State Street Technology Select Sector SPDR ETF
XLK
$124B
| $14M | 0.87% |
645,888
+617,888
| +2,207% | +$13.4M |
2016 Q1
1 quarter
|
|
|
9
TJX Companies
TJX
$156B
| $13.2M | 0.82% |
340,948
+328,950
| +2,742% | +$12.6M |
2016 Q1
1 quarter
|
|
10
PepsiCo
PEP
$182B
| $12.4M | 0.78% |
117,406
+29,121
| +33% | +$3.01M |
2015 Q4
2 quarters
|
|
11
iShares Russell 2000 ETF
IWM
$76.2B
| $11.3M | 0.7% |
+98,120
| New | +$11.1M |
2016 Q2
0 quarters
|
|
12
Coca-Cola
KO
$399B
| $11.2M | 0.7% |
246,462
+188,665
| +326% | +$8.53M |
2016 Q1
1 quarter
|
|
13
Mastercard
MA
$557B
| $10.8M | 0.68% |
122,984
+114,285
| +1,314% | +$10.9M |
2016 Q1
1 quarter
|
|
14
Darden Restaurants
DRI
$24.9B
| $10.8M | 0.67% |
170,036
+118,024
| +227% | +$7.72M |
2015 Q1
5 quarters
|
|
15
State Street SPDR S&P Homebuilders ETF
XHB
$1.42B
| $9.7M | 0.6% |
288,549
+246,069
| +579% | +$8.32M |
2016 Q1
1 quarter
|
|
16
iShares National Muni Bond ETF
MUB
$53.3B
| $9.7M | 0.6% |
+84,888
| New | +$9.6M |
2016 Q2
0 quarters
|
|
17
PNC Financial Services
PNC
$92.5B
| $9.27M | 0.58% |
113,882
+64,064
| +129% | +$5.51M |
2016 Q1
1 quarter
|
|
18
KLA
KLAC
$218B
| $9M | 0.56% |
1,228,130
+679,840
| +124% | +$4.87M |
2016 Q1
1 quarter
|
|
|
RHT
19
DELISTED
Red Hat Inc
RHT
| $8.66M | 0.54% |
119,344
+86,654
| +265% | +$6.49M |
2016 Q1
1 quarter
|
|
20
PPL Corp
PPL
$26.8B
| $8.61M | 0.54% |
+228,108
| New | +$8.69M |
2016 Q2
0 quarters
|
|
21
Lowe's Companies
LOW
$116B
| $8.35M | 0.52% |
105,486
+88,994
| +540% | +$6.88M |
2015 Q4
2 quarters
|
|
22
Pfizer
PFE
$171B
| $8.31M | 0.52% |
248,852
+67,186
| +37% | +$2.14M |
2015 Q4
2 quarters
|
|
|
RTN
23
DELISTED
Raytheon Company
RTN
| $7.68M | 0.48% |
56,479
-21,189
| -27% | -$2.76M |
2015 Q4
2 quarters
|
|
24
Synchrony
SYF
$25B
| $7.58M | 0.47% |
299,990
+263,064
| +712% | +$7.66M |
2015 Q4
2 quarters
|
|
25
State Street Financial Select Sector SPDR ETF
XLF
$52.9B
| $7.53M | 0.47% |
375,328
+285,675
| +319% | +$5.78M |
2016 Q1
1 quarter
|
|
Similar funds
Squarepoint's Q2 2016 Portfolio in Review
As of Q2 2016, Squarepoint held 1,549 positions worth $1.6B, up 24% from $1.29B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Squarepoint deployed $307M of net new capital in Q2 2016, opening 435 new positions and adding to 314 existing holdings. Its largest new stake was State Street SPDR S&P MIDCAP 400 ETF Trust: 833,964 shares worth $227M.
By sector, the portfolio is most concentrated in Miscellaneous at 22% of assets, up from 2.8% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Crown Castle, an estimated $7.91M trimmed.
- Squarepoint's largest Q2 2016 buy was State Street SPDR S&P MIDCAP 400 ETF Trust: 833,964 shares worth $227M.
- Squarepoint added most to CVS Health in Q2 2016, an estimated $18.9M increase.
- Squarepoint's biggest Q2 2016 reduction was Crown Castle, cutting an estimated $7.91M.
- Squarepoint fully exited Chubb in Q2 2016, selling an estimated $12.6M.
- Squarepoint's ten largest holdings make up 23% of its $1.6B portfolio in Q2 2016.
- Squarepoint opened 435 new positions and closed 482 in Q2 2016.
- Squarepoint's portfolio value rose 24% quarter-over-quarter to $1.6B.
Based on Squarepoint's 13F filing for Q2 2016, filed 15 Aug 2016.