CU

CQS (US) Portfolio holdings

AUM $367M
This Quarter Return
+3.34%
1 Year Return
+8.17%
3 Year Return
+14.36%
5 Year Return
–
10 Year Return
–
AUM
$832M
AUM Growth
+$832M
Cap. Flow
+$71.9M
Cap. Flow %
8.64%
Top 10 Hldgs %
43%
Holding
76
New
5
Increased
7
Reduced
7
Closed
1

Top Buys

1
BRK.B icon
Berkshire Hathaway Class B
BRK.B
$26.6M
2
LEN icon
Lennar Class A
LEN
$19.1M
3
GDX icon
VanEck Gold Miners ETF
GDX
$17M
4
GDXJ icon
VanEck Junior Gold Miners ETF
GDXJ
$15M
5
LBTYA icon
Liberty Global Class A
LBTYA
$6.18M

Top Sells

1
FOX icon
Fox Class B
FOX
$16.7M
2
HEI.A icon
HEICO Class A
HEI.A
$2.05M
3
FANG icon
Diamondback Energy
FANG
$1.84M
4
IE icon
Ivanhoe Electric
IE
$1.3M
5
CENTA icon
Central Garden & Pet Class A
CENTA
$1.01M

Sector Composition

1 Communication Services 23.66%
2 Energy 7.04%
3 Consumer Discretionary 4.67%
4 Materials 3.52%
5 Financials 3.2%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
LGF.B
26
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
$2.7M 0.33%
+323,864
New +$2.7M
MAG
27
MAG Silver
MAG
$2.54B
$2.61M 0.31%
234,000
– –
GRFS icon
28
Grifois
GRFS
$6.78B
$2.49M 0.3%
271,230
– –
PXD
29
DELISTED
Pioneer Natural Resource Co.
PXD
$2.07M 0.25%
10,000
– –
OR icon
30
OR Royalties Inc.
OR
$6.05B
$1.54M 0.18%
+100,000
New +$1.54M
CENTA icon
31
Central Garden & Pet Class A
CENTA
$2.08B
$1.27M 0.15%
34,728
-27,733
-44% -$1.01M
PLG
32
Platinum Group Metals
PLG
$179M
$1.25M 0.15%
883,365
– –
UA icon
33
Under Armour Class C
UA
$2.11B
$501K 0.06%
74,702
– –
SBSW icon
34
Sibanye-Stillwater
SBSW
$5.36B
$218K 0.03%
35,000
– –
GORO icon
35
Gold Resource Corp
GORO
$68.9M
$199K 0.02%
315,978
– –
ARKK icon
36
ARK Innovation ETF
ARKK
$7.45B
– –
0
– –
LSXMK
37
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
– –
-23,927
Closed -$670K
1
2