We are live on
!
Find out more
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
+3.34%
1 Year Est. Return
+8.85%
3 Year Est. Return
+15.03%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$832M
AUM Growth
+$27.9M
(+3.5%)
Cap. Flow
-$318M
Cap. Flow
% of AUM
-38.29%
Top 10 Holdings %
Top 10 Hldgs %
43%
Holding
74
New
5
Increased
7
Reduced
7
Closed
3
Avg Time Held Equity + Options
1.7
years
Top 10 Avg Time Held Equity + Options
0.9
years
Top 20 Avg Time Held Equity + Options
1.2
years
Avg Time Held Equity only
1.7
years
Top 10 Avg Time Held Equity only
0.9
years
Top 20 Avg Time Held Equity only
1.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$25.5M |
| 2 |
VanEck Gold Miners ETF
GDX
|
+$18.4M |
| 3 |
Lennar Class A
LEN
|
+$17.1M |
| 4 |
VanEck Junior Gold Miners ETF
GDXJ
|
+$16.3M |
| 5 |
Liberty Global Class A
LBTYA
|
+$6.51M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fox Class B
FOX
|
+$15.9M |
| 2 |
HEICO Corp Class A
HEI.A
|
+$1.95M |
| 3 |
Diamondback Energy
FANG
|
+$1.87M |
| 4 |
Ivanhoe Electric
IE
|
+$1.26M |
| 5 |
Central Garden & Pet Co Class A
CENTA
|
+$1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 55.07% |
| 2 | Communication Services | 23.66% |
| 3 | Energy | 7.04% |
| 4 | Consumer Discretionary | 4.67% |
| 5 | Materials | 3.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
LGF.B
26
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $2.7M | 0.33% |
+323,864
| New | +$3.19M |
2023 Q2
0 quarters
|
|
|
MAG
27
DELISTED
MAG Silver
MAG
| $2.61M | 0.31% |
234,000
| – | – |
2019 Q4
14 quarters
|
|
28
Grifois
GRFS
$5.13B
| $2.49M | 0.3% |
271,230
| – | – |
2020 Q4
10 quarters
|
|
29
DELISTED
Pioneer Natural Resource Co.
PXD
| $2.07M | 0.25% |
10,000
| – | – |
2022 Q2
4 quarters
|
|
30
OR Royalties Inc
OR
$6.59B
| $1.54M | 0.18% |
+100,000
| New | +$1.62M |
2023 Q2
0 quarters
|
|
|
31
Central Garden & Pet Co Class A
CENTA
$2.26B
| $1.27M | 0.15% |
43,410
-34,666
| -44% | -$1M |
2020 Q3
11 quarters
|
|
32
Platinum Group Metals
PLG
$150M
| $1.25M | 0.15% |
883,365
| – | – |
2019 Q4
14 quarters
|
|
33
Under Armour Class C
UA
$2.04B
| $501K | 0.06% |
74,702
| – | – |
2022 Q2
4 quarters
|
|
34
Sibanye-Stillwater
SBSW
$7.03B
| $218K | 0.03% |
35,000
| – | – |
2022 Q1
5 quarters
|
|
35
Goldgroup Mining
GORO
$563M
| $199K | 0.02% |
78,995
| – | – |
2021 Q4
6 quarters
|
|
36
PUT
ARK Innovation ETF
ARKK
$8.92B
| – | – |
-200,000
| Closed | -$8.07M | – |
|
|
LGF.B
37
PUT
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| – | – |
-323,864
| Closed | -$3.36M | – |
|
38
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| – | – |
-30,890
| Closed | -$670K | – |
|
Similar funds
CCMLC
LWMG
GH
VFPI
RMC
KS
OH
GFWEX
CQS (US)'s Q2 2023 Portfolio in Review
As of Q2 2023, CQS (US) held 74 positions worth $832M, up 3.5% from $804M the previous quarter. Its ten largest holdings account for 43% of the portfolio.
CQS (US) withdrew a net $318M in Q2 2023, closing 3 positions and reducing 7 holdings. Its most notable exit was Liberty Media Corporation Series C Liberty SiriusXM Common Stock, an estimated $670K position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 55% of assets, down from 60% a quarter earlier, followed by Communication Services and Energy.
Against the trend, CQS (US) opened a new position in Berkshire Hathaway Class B worth $26.6M.
- CQS (US)'s largest Q2 2023 buy was Berkshire Hathaway Class B: 78,003 shares worth $26.6M.
- CQS (US) added most to VanEck Gold Miners ETF in Q2 2023, an estimated $18.4M increase.
- CQS (US)'s biggest Q2 2023 reduction was Fox Class B, cutting an estimated $15.9M.
- CQS (US) fully exited Liberty Media Corporation Series C Liberty SiriusXM Common Stock in Q2 2023, selling an estimated $670K.
- CQS (US)'s ten largest holdings make up 43% of its $832M portfolio in Q2 2023.
- CQS (US) opened 5 new positions and closed 3 in Q2 2023.
- CQS (US)'s portfolio value rose 3.5% quarter-over-quarter to $832M.
Based on CQS (US)'s 13F filing for Q2 2023, filed 10 Aug 2023.