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 500 ETF Trust
SPY
|
+$342M |
| 2 |
Palo Alto Networks
PANW
|
+$90.8M |
| 3 |
Cadence Design Systems
CDNS
|
+$52.6M |
| 4 |
Block Inc
XYZ
|
+$50.5M |
| 5 |
Verizon
VZ
|
+$48.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$1.17B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$147M |
| 3 |
Microsoft
MSFT
|
+$123M |
| 4 |
Amazon
AMZN
|
+$110M |
| 5 |
Home Depot
HD
|
+$96.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 47.7% |
| 2 | Technology | 12.11% |
| 3 | Consumer Discretionary | 9.37% |
| 4 | Healthcare | 6.95% |
| 5 | Financials | 5.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
State Street SPDR S&P 500 ETF Trust
SPY
$816B
| $897M | 5.26% |
2,263,432
+886,476
| +64% | +$342M |
2020 Q2
3 quarters
|
|
|
2
iShares Core S&P 500 ETF
IVV
$885B
| $435M | 2.55% |
1,093,332
-3,009,270
| -73% | -$1.17B |
2020 Q4
1 quarter
|
|
3
PUT
Alphabet (Google) Class C
GOOG
$3.45T
| $270M | 1.58% |
2,614,000
+2,464,000
| +1,643% | +$244M |
2020 Q2
3 quarters
|
|
4
PUT
Snap
SNAP
$9.6B
| $253M | 1.48% |
4,832,700
+3,931,800
| +436% | +$226M |
2020 Q4
1 quarter
|
|
|
5
PUT
Amazon
AMZN
$2.63T
| $223M | 1.31% |
1,444,000
+1,006,000
| +230% | +$159M |
2020 Q2
3 quarters
|
|
|
6
PUT
Microsoft
MSFT
$3.94T
| $217M | 1.27% |
919,600
+798,100
| +657% | +$185M |
2020 Q2
3 quarters
|
|
|
7
PUT
Palo Alto Networks
PANW
$311B
| $200M | 1.17% |
3,729,000
+3,334,200
| +845% | +$198M |
2020 Q4
1 quarter
|
|
8
Apple
AAPL
$5.09T
| $154M | 0.9% |
1,258,977
-598,134
| -32% | -$76.8M |
2020 Q3
2 quarters
|
|
9
PUT
Netflix
NFLX
$258B
| $143M | 0.84% |
2,732,000
+2,274,000
| +497% | +$121M |
2020 Q2
3 quarters
|
|
|
10
Palo Alto Networks
PANW
$311B
| $141M | 0.82% |
2,621,376
+1,527,930
| +140% | +$90.8M |
2020 Q1
4 quarters
|
|
11
PUT
Match Group
MTCH
$9.8B
| $135M | 0.79% |
984,700
+931,200
| +1,741% | +$140M |
2020 Q4
1 quarter
|
|
|
12
PUT
Apple
AAPL
$5.09T
| $131M | 0.77% |
1,074,000
+1,038,000
| +2,883% | +$133M |
2020 Q2
3 quarters
|
|
13
PUT
Meta Platforms (Facebook)
META
$1.63T
| $123M | 0.72% |
416,400
+279,400
| +204% | +$75.2M |
2020 Q2
3 quarters
|
|
14
PUT
Comcast
CMCSA
$79.1B
| $121M | 0.71% |
2,229,100
+2,127,200
| +2,088% | +$112M |
2020 Q2
3 quarters
|
|
|
15
Amazon
AMZN
$2.63T
| $118M | 0.69% |
764,560
-695,980
| -48% | -$110M |
2017 Q2
15 quarters
|
|
|
16
Microsoft
MSFT
$3.94T
| $111M | 0.65% |
471,292
-531,666
| -53% | -$123M |
2019 Q2
7 quarters
|
|
|
17
CALL
Microsoft
MSFT
$3.94T
| $95.3M | 0.56% |
404,100
+238,000
| +143% | +$55.2M |
2020 Q2
3 quarters
|
|
|
18
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$816B
| $93.6M | 0.55% |
236,200
+137,300
| +139% | +$52.9M |
2020 Q2
3 quarters
|
|
|
19
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$816B
| $92.9M | 0.54% |
234,300
+74,900
| +47% | +$28.9M |
2020 Q4
1 quarter
|
|
20
TJX Companies
TJX
$156B
| $89M | 0.52% |
1,344,980
+582,599
| +76% | +$39M |
2020 Q3
2 quarters
|
|
21
PUT
Zillow
Z
$6.97B
| $86.5M | 0.51% |
667,200
+648,100
| +3,393% | +$96.2M |
2020 Q4
1 quarter
|
|
22
PUT
Okta
OKTA
$38.8B
| $85.3M | 0.5% |
386,900
+350,200
| +954% | +$88M |
2020 Q4
1 quarter
|
|
23
PUT
Wayfair
W
$16.5B
| $80.6M | 0.47% |
256,200
+206,200
| +412% | +$60.8M |
2020 Q4
1 quarter
|
|
24
Visa
V
$767B
| $70M | 0.41% |
330,816
-26,143
| -7% | -$5.5M |
2019 Q4
5 quarters
|
|
25
PUT
Zscaler
ZS
$40.4B
| $68.6M | 0.4% |
399,800
+287,500
| +256% | +$57.1M |
2020 Q4
1 quarter
|
|
Similar funds
Squarepoint's Q1 2021 Portfolio in Review
As of Q1 2021, Squarepoint held 3,910 positions worth $17.1B, up 27% from $13.4B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Squarepoint withdrew a net $1.14B in Q1 2021, closing 870 positions and reducing 895 holdings. Its most notable exit was Home Depot, an estimated $96.6M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 48% of assets, up from 34% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Squarepoint opened a new position in Block Inc worth $49M.
- Squarepoint's largest Q1 2021 buy was Block Inc: 215,753 shares worth $49M.
- Squarepoint added most to State Street SPDR S&P 500 ETF Trust in Q1 2021, an estimated $342M increase.
- Squarepoint's biggest Q1 2021 reduction was iShares Core S&P 500 ETF, cutting an estimated $1.17B.
- Squarepoint fully exited Home Depot in Q1 2021, selling an estimated $96.6M.
- Squarepoint's ten largest holdings make up 17% of its $17.1B portfolio in Q1 2021.
- Squarepoint opened 1,050 new positions and closed 870 in Q1 2021.
- Squarepoint's portfolio value rose 27% quarter-over-quarter to $17.1B.
Based on Squarepoint's 13F filing for Q1 2021, filed 17 May 2021.