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CQS (US) Portfolio holdings
AUM
$367M
1-Year Est. Return
8.85%
This Fund
S&P 500
This Quarter
Est. Return
-7.19%
1 Year Est. Return
+8.85%
3 Year Est. Return
+15.03%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.36B
AUM Growth
-$781M
(-37%)
Cap. Flow
-$1.3B
Cap. Flow
% of AUM
-96.02%
Top 10 Holdings %
Top 10 Hldgs %
32.37%
Holding
171
New
18
Increased
21
Reduced
30
Closed
57
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Johnson & Johnson
JNJ
|
+$23M |
| 2 |
Merck
MRK
|
+$23M |
| 3 |
Kimberly-Clark
KMB
|
+$18.2M |
| 4 |
AbbVie
ABBV
|
+$17.5M |
| 5 |
BHP
BHP
|
+$12.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DISCK
Discovery, Inc. Series C Common Stock
DISCK
|
+$117M |
| 2 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$62.4M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$56.7M |
| 4 |
Liberty Global Class C
LBTYK
|
+$29.8M |
| 5 |
Fox Class B
FOX
|
+$26.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 6.89% |
| 2 | Communication Services | 3.79% |
| 3 | Technology | 2.34% |
| 4 | Consumer Staples | 2.11% |
| 5 | Financials | 2.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Rollins
ROL
$18.6B
| $6.97M | 0.51% |
289,317
+5,034
| +2% | +$124K |
|
|
CFXA
27
DELISTED
Colfax Corporation 5.75% Tangible Equity Units
CFXA
| $6.92M | 0.51% |
75,000
-50,000
| -40% | -$6.93M |
|
28
Mastercard
MA
$477B
| $6.89M | 0.51% |
28,527
-4,257
| -13% | -$1.27M |
|
|
CMBT
29
CMB.TECH NV
CMBT
$4.57B
| $6.77M | 0.5% |
600,000
| – | – |
|
30
Lowe's Companies
LOW
$116B
| $6.21M | 0.46% |
72,194
+61,093
| +550% | +$6.68M |
|
31
Nomad Foods
NOMD
$1.64B
| $5.97M | 0.44% |
321,949
-554,695
| -63% | -$10.8M |
|
|
GRFS
32
Grifois
GRFS
$5.16B
| $5.81M | 0.43% |
+290,918
| New | +$6.52M |
|
33
Accenture
ACN
$89.9B
| $5M | 0.37% |
30,638
+6,731
| +28% | +$1.3M |
|
|
OSG
34
Octave Specialty Group
OSG
$252M
| $4.94M | 0.36% |
400,000
-656,995
| -62% | -$12.6M |
|
35
UnitedHealth
UNH
$382B
| $4.55M | 0.34% |
18,254
-4,638
| -20% | -$1.28M |
|
36
Estee Lauder
EL
$29B
| $4.22M | 0.31% |
26,518
-6,311
| -19% | -$1.22M |
|
|
CWEN.A
37
DELISTED
Clearway Energy Class A
CWEN.A
| $3.5M | 0.26% |
204,066
-208,363
| -51% | -$4.15M |
|
|
AVYA
38
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| $3.41M | 0.25% |
421,704
-13,995
| -3% | -$166K |
|
39
BioMarin Pharmaceuticals
BMRN
$11.5B
| $3.39M | 0.25% |
40,129
-19,493
| -33% | -$1.68M |
|
40
VanEck Junior Gold Miners ETF
GDXJ
$7.06B
| $3.37M | 0.25% |
+120,000
| New | +$4.56M |
|
41
VanEck Gold Miners ETF
GDX
$23B
| $3.34M | 0.25% |
145,000
+2,000
| +1% | +$54.7K |
|
42
SSR Mining
SSRM
$5.57B
| $3.23M | 0.24% |
284,100
+94,700
| +50% | +$1.56M |
|
43
Lennar Class B
LEN.B
$20B
| $3.04M | 0.22% |
110,448
+14,506
| +15% | +$634K |
|
44
Stryker
SYK
$127B
| $2.84M | 0.21% |
17,064
+9,307
| +120% | +$1.82M |
|
45
Liberty Broadband Class A
LBRDA
$4.14B
| $2.79M | 0.21% |
26,028
-38,295
| -60% | -$4.69M |
|
46
Booking.com
BKNG
$138B
| $2.38M | 0.18% |
44,275
-7,475
| -14% | -$525K |
|
|
PARA
47
DELISTED
Paramount Global Class B
PARA
| $2.23M | 0.16% |
159,362
+14,509
| +10% | +$416K |
|
|
URG
48
Ur-Energy
URG
$485M
| $2.05M | 0.15% |
5,277,697
| – | – |
|
|
COUP
49
DELISTED
Coupa Software Incorporated
COUP
| $1.99M | 0.15% |
14,225
-28,075
| -66% | -$4.34M |
|
50
RingCentral
RNG
$4.05B
| $1.74M | 0.13% |
+8,200
| New | +$1.69M |
|
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CQS (US)'s Q1 2020 Portfolio in Review
As of Q1 2020, CQS (US) held 171 positions worth $1.36B, down 37% from $2.14B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
CQS (US) withdrew a net $1.3B in Q1 2020, closing 57 positions and reducing 30 holdings. Its most notable exit was iShares iBoxx $ High Yield Corporate Bond ETF, an estimated $62.4M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 6.9% of assets, up from 2.1% a quarter earlier, followed by Communication Services and Technology.
Against the trend, CQS (US) opened a new position in Johnson & Johnson worth $21.3M.
- CQS (US)'s largest Q1 2020 buy was Johnson & Johnson: 162,400 shares worth $21.3M.
- CQS (US) added most to Ryanair in Q1 2020, an estimated $6.89M increase.
- CQS (US)'s biggest Q1 2020 reduction was Discovery, Inc. Series C Common Stock, cutting an estimated $117M.
- CQS (US) fully exited iShares iBoxx $ High Yield Corporate Bond ETF in Q1 2020, selling an estimated $62.4M.
- CQS (US)'s ten largest holdings make up 32% of its $1.36B portfolio in Q1 2020.
- CQS (US) opened 18 new positions and closed 57 in Q1 2020.
- CQS (US)'s portfolio value fell 37% quarter-over-quarter to $1.36B.
Based on CQS (US)'s 13F filing for Q1 2020, filed 7 May 2020.