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 S&P 500 ETF
IVV
|
+$1.46B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$437M |
| 3 |
Apple
AAPL
|
+$199M |
| 4 |
Amazon
AMZN
|
+$185M |
| 5 |
Invesco QQQ Trust
QQQ
|
+$142M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intuit
INTU
|
+$51.4M |
| 2 |
Lowe's Companies
LOW
|
+$45.3M |
| 3 |
CVS Health
CVS
|
+$37.3M |
| 4 |
Eli Lilly
LLY
|
+$32.7M |
| 5 |
Southern Company
SO
|
+$30.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 34.4% |
| 2 | Technology | 14.71% |
| 3 | Consumer Discretionary | 11.73% |
| 4 | Healthcare | 8.95% |
| 5 | Financials | 6.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
iShares Core S&P 500 ETF
IVV
$885B
| $1.54B | 11.49% |
+4,102,602
| New | +$1.46B |
2020 Q4
0 quarters
|
|
|
2
State Street SPDR S&P 500 ETF Trust
SPY
$816B
| $515M | 3.84% |
1,376,956
+1,230,706
| +842% | +$437M |
2020 Q2
2 quarters
|
|
|
3
Apple
AAPL
$5.09T
| $246M | 1.84% |
1,857,111
+1,656,437
| +825% | +$199M |
2020 Q3
1 quarter
|
|
|
4
Amazon
AMZN
$2.63T
| $238M | 1.78% |
1,460,540
+1,160,240
| +386% | +$185M |
2017 Q2
14 quarters
|
|
5
Microsoft
MSFT
$3.94T
| $223M | 1.66% |
1,002,958
+649,243
| +184% | +$140M |
2019 Q2
6 quarters
|
|
|
6
Invesco QQQ Trust
QQQ
$483B
| $153M | 1.14% |
487,446
+484,281
| +15,301% | +$142M |
2020 Q2
2 quarters
|
|
7
Meta Platforms (Facebook)
META
$1.63T
| $104M | 0.77% |
380,003
+265,404
| +232% | +$72.8M |
2016 Q2
18 quarters
|
|
|
8
CALL
Apple
AAPL
$5.09T
| $93.8M | 0.7% |
707,200
+687,100
| +3,418% | +$82.6M |
2020 Q2
2 quarters
|
|
9
Home Depot
HD
$328B
| $93.1M | 0.69% |
350,346
+6,850
| +2% | +$1.88M |
2019 Q3
5 quarters
|
|
|
10
PUT
Invesco QQQ Trust
QQQ
$483B
| $86M | 0.64% |
274,100
+207,400
| +311% | +$60.9M |
2020 Q3
1 quarter
|
|
11
Visa
V
$767B
| $78.1M | 0.58% |
356,959
+31,234
| +10% | +$6.39M |
2019 Q4
4 quarters
|
|
12
Costco
COST
$441B
| $77.8M | 0.58% |
206,550
-53,608
| -21% | -$20M |
2017 Q4
12 quarters
|
|
13
Adobe
ADBE
$96.6B
| $76.9M | 0.57% |
153,829
+115,561
| +302% | +$55.8M |
2018 Q3
9 quarters
|
|
14
Target
TGT
$69B
| $74.9M | 0.56% |
424,224
+140,966
| +50% | +$23.5M |
2016 Q4
16 quarters
|
|
|
15
PUT
Amazon
AMZN
$2.63T
| $71.3M | 0.53% |
438,000
+428,000
| +4,280% | +$68.3M |
2020 Q2
2 quarters
|
|
16
McDonald's
MCD
$182B
| $70.5M | 0.53% |
328,437
+228,897
| +230% | +$49.8M |
2020 Q3
1 quarter
|
|
17
Alphabet (Google) Class A
GOOGL
$3.49T
| $65.9M | 0.49% |
751,480
+405,760
| +117% | +$34.1M |
2019 Q4
4 quarters
|
|
18
Palo Alto Networks
PANW
$311B
| $64.8M | 0.48% |
1,093,446
+732,990
| +203% | +$34.2M |
2020 Q1
3 quarters
|
|
19
Chipotle Mexican Grill
CMG
$39.6B
| $64.3M | 0.48% |
2,317,100
+683,350
| +42% | +$17.9M |
2018 Q2
10 quarters
|
|
|
20
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$816B
| $59.6M | 0.44% |
+159,400
| New | +$56.6M |
2020 Q4
0 quarters
|
|
21
Berkshire Hathaway Class B
BRK.B
$1.16T
| $59.4M | 0.44% |
256,011
+243,462
| +1,940% | +$53.6M |
2020 Q3
1 quarter
|
|
22
AT&T
T
$141B
| $58.5M | 0.44% |
2,691,806
+2,015,075
| +298% | +$43.5M |
2020 Q2
2 quarters
|
|
23
JPMorgan Chase
JPM
$912B
| $57.7M | 0.43% |
453,693
-161,884
| -26% | -$18.1M |
2020 Q1
3 quarters
|
|
24
Duke Energy
DUK
$98.2B
| $57.5M | 0.43% |
628,040
-173,733
| -22% | -$16.1M |
2019 Q1
7 quarters
|
|
25
Goldman Sachs
GS
$270B
| $57M | 0.43% |
216,037
+156,042
| +260% | +$34.7M |
2018 Q2
10 quarters
|
|
Similar funds
Squarepoint's Q4 2020 Portfolio in Review
As of Q4 2020, Squarepoint held 3,476 positions worth $13.4B, up 81% from $7.42B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Squarepoint deployed $3.16B of net new capital in Q4 2020, opening 1,041 new positions and adding to 804 existing holdings. Its largest new stake was iShares Core S&P 500 ETF: 4,102,602 shares worth $1.54B.
By sector, the portfolio is most concentrated in Miscellaneous at 34% of assets, up from 10% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Intuit, an estimated $51.4M trimmed.
- Squarepoint's largest Q4 2020 buy was iShares Core S&P 500 ETF: 4,102,602 shares worth $1.54B.
- Squarepoint added most to State Street SPDR S&P 500 ETF Trust in Q4 2020, an estimated $437M increase.
- Squarepoint's biggest Q4 2020 reduction was Intuit, cutting an estimated $51.4M.
- Squarepoint fully exited iShares Biotechnology ETF in Q4 2020, selling an estimated $29.3M.
- Squarepoint's ten largest holdings make up 25% of its $13.4B portfolio in Q4 2020.
- Squarepoint opened 1,041 new positions and closed 616 in Q4 2020.
- Squarepoint's portfolio value rose 81% quarter-over-quarter to $13.4B.
Based on Squarepoint's 13F filing for Q4 2020, filed 16 Feb 2021.