CU
CQS (US) Portfolio holdings
AUM
$367M
Turnover
4.44%
1-Year Est. Return
8.85%
This Fund
S&P 500
This Quarter
Est. Return
-0.85%
1 Year Est. Return
+8.85%
3 Year Est. Return
+15.03%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$367M
AUM Growth
-$21.1M
(-5.4%)
Cap. Flow
-$294M
Cap. Flow
% of AUM
-80.02%
Top 10 Holdings %
Top 10 Hldgs %
63.9%
Holding
45
New
1
Increased
2
Reduced
1
Closed
1
Avg Time Held
2.2
years
Top 10 Avg Time Held
0.5
years
Top 20 Avg Time Held
1.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Equinox Gold
EQX
|
+$3.34M |
| 2 |
Sigma Lithium
SGML
|
+$1.33M |
| 3 |
Ur-Energy
URG
|
+$106K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pioneer Natural Resource Co.
PXD
|
+$2.63M |
| 2 |
Diamondback Energy
FANG
|
+$596K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 79.96% |
| 2 | Energy | 10.52% |
| 3 | Materials | 9.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Ur-Energy
URG
$331M
| $17.1M | 4.66% |
12,223,939
+64,141
| +0.5% | +$106K |
2019 Q4
18 quarters
|
|
2
Uranium Energy
UEC
$3.82B
| $9.62M | 2.62% |
1,599,865
| – | – |
2019 Q4
18 quarters
|
|
|
3
Diamondback Energy
FANG
$55.3B
| $7.15M | 1.95% |
35,700
-3,000
| -8% | -$596K |
2021 Q4
10 quarters
|
|
4
Transocean
RIG
$6.23B
| $6.93M | 1.89% |
1,295,000
| – | – |
2022 Q2
8 quarters
|
|
5
Cameco
CCJ
$35.5B
| $6.64M | 1.81% |
135,000
| – | – |
2022 Q1
9 quarters
|
|
6
EOG Resources
EOG
$80.9B
| $5.36M | 1.46% |
42,600
| – | – |
2021 Q4
10 quarters
|
|
7
Wheaton Precious Metals
WPM
$58.9B
| $3.98M | 1.08% |
76,000
| – | – |
2022 Q3
7 quarters
|
|
8
Energy Fuels
UUUU
$2.21B
| $3.65M | 0.99% |
602,697
| – | – |
2019 Q4
18 quarters
|
|
|
9
Equinox Gold
EQX
$12B
| $3.14M | 0.85% |
+600,000
| New | +$3.34M |
2024 Q2
0 quarters
|
|
10
Peabody Energy
BTU
$2.86B
| $2.88M | 0.78% |
130,000
| – | – |
2021 Q4
10 quarters
|
|
|
11
Sigma Lithium
SGML
$956M
| $2.59M | 0.7% |
215,000
+90,000
| +72% | +$1.33M |
2024 Q1
1 quarter
|
|
12
OR Royalties Inc
OR
$6.25B
| $1.56M | 0.42% |
100,000
| – | – |
2023 Q2
4 quarters
|
|
13
Platinum Group Metals
PLG
$141M
| $1.5M | 0.41% |
883,365
| – | – |
2019 Q4
18 quarters
|
|
|
MAG
14
DELISTED
MAG Silver
MAG
| $1.33M | 0.36% |
114,000
| – | – |
2019 Q4
18 quarters
|
|
15
Goldgroup Mining
GORO
$544M
| $118K | 0.03% |
78,995
| – | – |
2021 Q4
10 quarters
|
|
16
Greenfire Resources
GFR
$1.57B
| $74.9K | 0.02% |
11,051
| – | – |
2023 Q3
3 quarters
|
|
|
17
DELISTED
Pioneer Natural Resource Co.
PXD
| – | – |
-10,000
| Closed | -$2.63M | – |
|
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CQS (US)'s Q2 2024 Portfolio in Review
As of Q2 2024, CQS (US) held 45 positions worth $367M, down 5.4% from $388M the previous quarter. Its ten largest holdings account for 64% of the portfolio.
CQS (US) withdrew a net $294M in Q2 2024, closing 1 position and reducing 1 holding. Its most notable exit was Pioneer Natural Resource Co., an estimated $2.63M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 80% of assets, down from 80% a quarter earlier, followed by Energy and Materials.
Against the trend, CQS (US) opened a new position in Equinox Gold worth $3.14M.
- CQS (US)'s largest Q2 2024 buy was Equinox Gold: 600,000 shares worth $3.14M.
- CQS (US) added most to Sigma Lithium in Q2 2024, an estimated $1.33M increase.
- CQS (US)'s biggest Q2 2024 reduction was Diamondback Energy, cutting an estimated $596K.
- CQS (US) fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $2.63M.
- CQS (US)'s ten largest holdings make up 64% of its $367M portfolio in Q2 2024.
- CQS (US) opened 1 new position and closed 1 in Q2 2024.
- CQS (US)'s portfolio value fell 5.4% quarter-over-quarter to $367M.
Based on CQS (US)'s 13F filing for Q2 2024, filed 6 Aug 2024.