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CQS (US) Portfolio holdings
AUM
$367M
Turnover
4.44%
1-Year Est. Return
8.85%
This Fund
S&P 500
This Quarter
Est. Return
+6.98%
1 Year Est. Return
+8.85%
3 Year Est. Return
+15.03%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.64B
AUM Growth
+$279M
(+21%)
Cap. Flow
-$692M
Cap. Flow
% of AUM
-42.28%
Top 10 Holdings %
Top 10 Hldgs %
36.94%
Holding
139
New
26
Increased
15
Reduced
24
Closed
26
Avg Time Held Equity + Options
0.3
years
Top 10 Avg Time Held Equity + Options
0.2
years
Top 20 Avg Time Held Equity + Options
0.2
years
Avg Time Held Equity only
0.4
years
Top 10 Avg Time Held Equity only
0.2
years
Top 20 Avg Time Held Equity only
0.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ADSW
Advanced Disposal Services Inc
ADSW
|
+$25.2M |
| 2 |
DISCK
Discovery, Inc. Series C Common Stock
DISCK
|
+$25.2M |
| 3 |
United Airlines
UAL
|
+$20.8M |
| 4 |
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
|
+$12.5M |
| 5 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$9.91M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Liberty Global Class C
LBTYK
|
+$22.6M |
| 2 |
Merck
MRK
|
+$21.5M |
| 3 |
Johnson & Johnson
JNJ
|
+$21.3M |
| 4 |
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
|
+$19M |
| 5 |
Kimberly-Clark
KMB
|
+$16.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 75.8% |
| 2 | Communication Services | 4.85% |
| 3 | Industrials | 4.81% |
| 4 | Technology | 3.08% |
| 5 | Consumer Discretionary | 2.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
CFXA
101
DELISTED
Colfax Corporation 5.75% Tangible Equity Units
CFXA
| – | – |
-75,000
| Closed | -$6.92M | – |
|
102
DELISTED
Chesapeake Energy Corporation
CHK
| – | – |
-2,007
| Closed | -$69K | – |
|
|
OIBR.C
103
DELISTED
OI S.A. American Depositary Shares, each representing five shares of common stock
OIBR.C
| – | – |
-1,102,721
| Closed | -$484K | – |
|
104
DELISTED
Diamond Offshore Drilling
DO
| – | – |
-105,804
| Closed | -$194K | – |
|
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CQS (US)'s Q2 2020 Portfolio in Review
As of Q2 2020, CQS (US) held 139 positions worth $1.64B, up 21% from $1.36B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
CQS (US) withdrew a net $692M in Q2 2020, closing 26 positions and reducing 24 holdings. Its most notable exit was Liberty Global Class C, an estimated $22.6M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 76% of assets, up from 73% a quarter earlier, followed by Communication Services and Industrials.
Against the trend, CQS (US) opened a new position in Advanced Disposal Services Inc worth $23.8M.
- CQS (US)'s largest Q2 2020 buy was Advanced Disposal Services Inc: 790,000 shares worth $23.8M.
- CQS (US) added most to Discovery, Inc. Series C Common Stock in Q2 2020, an estimated $25.2M increase.
- CQS (US)'s biggest Q2 2020 reduction was Liberty Media Corporation Series A Liberty SiriusXM Common Stock, cutting an estimated $19M.
- CQS (US) fully exited Liberty Global Class C in Q2 2020, selling an estimated $22.6M.
- CQS (US)'s ten largest holdings make up 37% of its $1.64B portfolio in Q2 2020.
- CQS (US) opened 26 new positions and closed 26 in Q2 2020.
- CQS (US)'s portfolio value rose 21% quarter-over-quarter to $1.64B.
Based on CQS (US)'s 13F filing for Q2 2020, filed 7 Aug 2020.