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 |
PPG Industries
PPG
|
+$34.6M |
| 2 |
Yum! Brands
YUM
|
+$28.9M |
| 3 |
Coca-Cola
KO
|
+$28.3M |
| 4 |
Capital One
COF
|
+$26.2M |
| 5 |
Discover Financial Services
DFS
|
+$22.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$3.79B |
| 2 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$600M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$546M |
| 4 |
Costco
COST
|
+$109M |
| 5 |
Dollar General
DG
|
+$105M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 14.75% |
| 2 | Technology | 14.02% |
| 3 | Financials | 12.81% |
| 4 | Healthcare | 12.1% |
| 5 | Industrials | 12.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
CALL
Invesco QQQ Trust
QQQ
$483B
| $85.7M | 2.19% |
+450,000
| New | +$95.3M |
2020 Q1
0 quarters
|
|
|
2
PUT
Invesco QQQ Trust
QQQ
$483B
| $57.1M | 1.46% |
300,000
+292,900
| +4,125% | +$62M |
2019 Q4
1 quarter
|
|
|
3
Costco
COST
$441B
| $52.3M | 1.34% |
183,323
-358,890
| -66% | -$109M |
2017 Q4
9 quarters
|
|
4
Home Depot
HD
$328B
| $42.6M | 1.09% |
227,957
+47,243
| +26% | +$10.4M |
2019 Q3
2 quarters
|
|
5
Amazon
AMZN
$2.63T
| $36.7M | 0.94% |
376,580
-803,980
| -68% | -$77.8M |
2017 Q2
11 quarters
|
|
6
Exelon
EXC
$47.3B
| $33.3M | 0.85% |
1,269,676
-51,744
| -4% | -$1.63M |
2017 Q4
9 quarters
|
|
7
Visa
V
$767B
| $31.5M | 0.8% |
195,300
-105,811
| -35% | -$19.9M |
2019 Q4
1 quarter
|
|
|
8
PPG Industries
PPG
$26.5B
| $30.9M | 0.79% |
369,495
+311,661
| +539% | +$34.6M |
2019 Q2
3 quarters
|
|
9
Lowe's Companies
LOW
$116B
| $29.9M | 0.77% |
347,763
-799,025
| -70% | -$87.3M |
2019 Q2
3 quarters
|
|
10
Intuit
INTU
$88.5B
| $29.4M | 0.75% |
127,771
-50,147
| -28% | -$13.6M |
2018 Q2
7 quarters
|
|
11
Target
TGT
$69B
| $28.7M | 0.73% |
308,862
+33,693
| +12% | +$3.74M |
2016 Q4
13 quarters
|
|
12
PayPal
PYPL
$47.3B
| $28.4M | 0.73% |
296,862
+164,016
| +123% | +$18.1M |
2019 Q2
3 quarters
|
|
13
Autodesk
ADSK
$50.5B
| $26.9M | 0.69% |
172,457
+93,551
| +119% | +$17.2M |
2017 Q4
9 quarters
|
|
|
14
Coca-Cola
KO
$399B
| $24.8M | 0.63% |
560,793
+523,879
| +1,419% | +$28.3M |
2019 Q1
4 quarters
|
|
15
Procter & Gamble
PG
$372B
| $23.2M | 0.59% |
211,189
-332,966
| -61% | -$40M |
2017 Q4
9 quarters
|
|
16
Sherwin-Williams
SHW
$79.7B
| $22.2M | 0.57% |
144,933
+1,356
| +0.9% | +$245K |
2018 Q4
5 quarters
|
|
17
Fidelity National Information Services
FIS
$19.2B
| $21.8M | 0.56% |
179,325
-154,500
| -46% | -$21.5M |
2019 Q4
1 quarter
|
|
|
18
Yum! Brands
YUM
$42.2B
| $21.2M | 0.54% |
+309,797
| New | +$28.9M |
2020 Q1
0 quarters
|
|
|
19
Dollar General
DG
$28.7B
| $20.5M | 0.52% |
135,487
-677,229
| -83% | -$105M |
2018 Q3
6 quarters
|
|
20
Spotify
SPOT
$115B
| $20.3M | 0.52% |
166,768
-221,030
| -57% | -$31.3M |
2018 Q4
5 quarters
|
|
21
Public Service Enterprise Group
PEG
$36.7B
| $20.1M | 0.51% |
447,538
-474,779
| -51% | -$25.6M |
2017 Q4
9 quarters
|
|
22
Microsoft
MSFT
$3.94T
| $20M | 0.51% |
126,966
+88,500
| +230% | +$14.6M |
2019 Q2
3 quarters
|
|
|
DNKN
23
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $19.5M | 0.5% |
367,428
+296,268
| +416% | +$20.5M |
2019 Q1
4 quarters
|
|
24
Chipotle Mexican Grill
CMG
$39.6B
| $19.2M | 0.49% |
1,470,250
-6,057,550
| -80% | -$95.8M |
2018 Q2
7 quarters
|
|
25
Monster Beverage
MNST
$90.8B
| $19.1M | 0.49% |
1,357,624
-1,855,808
| -58% | -$29.8M |
2018 Q3
6 quarters
|
|
Similar funds
Squarepoint's Q1 2020 Portfolio in Review
As of Q1 2020, Squarepoint held 2,874 positions worth $3.91B, down 77% from $16.8B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Squarepoint withdrew a net $10.8B in Q1 2020, closing 1,084 positions and reducing 932 holdings. Its most notable exit was iShares Core S&P 500 ETF, an estimated $3.79B position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 15% of assets, up from 15% a quarter earlier, followed by Technology and Financials.
Against the trend, Squarepoint opened a new position in Yum! Brands worth $21.2M.
- Squarepoint's largest Q1 2020 buy was Yum! Brands: 309,797 shares worth $21.2M.
- Squarepoint added most to PPG Industries in Q1 2020, an estimated $34.6M increase.
- Squarepoint's biggest Q1 2020 reduction was State Street Technology Select Sector SPDR ETF, cutting an estimated $600M.
- Squarepoint fully exited iShares Core S&P 500 ETF in Q1 2020, selling an estimated $3.79B.
- Squarepoint's ten largest holdings make up 11% of its $3.91B portfolio in Q1 2020.
- Squarepoint opened 434 new positions and closed 1,084 in Q1 2020.
- Squarepoint's portfolio value fell 77% quarter-over-quarter to $3.91B.
Based on Squarepoint's 13F filing for Q1 2020, filed 15 May 2020.