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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
+6.63%
1 Year Est. Return
+8.85%
3 Year Est. Return
+15.03%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.6B
AUM Growth
-$34.4M
(-2.1%)
Cap. Flow
-$685M
Cap. Flow
% of AUM
-42.77%
Top 10 Holdings %
Top 10 Hldgs %
33.17%
Holding
135
New
18
Increased
21
Reduced
25
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fox Class B
FOX
|
+$46.7M |
| 2 |
Citigroup
C
|
+$31.4M |
| 3 |
News Corp Class B
NWS
|
+$22.9M |
| 4 |
Liberty Global Class A
LBTYA
|
+$21M |
| 5 |
Simon Property Group
SPG
|
+$19.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DISCK
Discovery, Inc. Series C Common Stock
DISCK
|
+$165M |
| 2 |
Royal Caribbean
RCL
|
+$23.7M |
| 3 |
VAR
Varian Medical Systems, Inc.
VAR
|
+$16.6M |
| 4 |
TIF
Tiffany & Co.
TIF
|
+$16.4M |
| 5 |
NAV
Navistar International
NAV
|
+$14.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 50.11% |
| 2 | Communication Services | 14.66% |
| 3 | Financials | 7.09% |
| 4 | Technology | 6.72% |
| 5 | Consumer Discretionary | 5.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
ARK Innovation ETF
ARKK
$6.46B
| $90.3M | 5.64% |
+753,000
| New | +$102M |
|
|
DISCK
2
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $58.2M | 3.64% |
1,578,735
-3,899,400
| -71% | -$165M |
|
|
3
Fox Class B
FOX
$25.8B
| $48.7M | 3.04% |
+1,393,063
| New | +$46.7M |
|
4
Under Armour Class C
UA
$2.12B
| $46.5M | 2.9% |
2,518,158
-296,366
| -11% | -$5.21M |
|
5
BHP
BHP
$242B
| $44.6M | 2.79% |
720,440
+108,079
| +18% | +$6.96M |
|
|
6
Citigroup
C
$223B
| $34.2M | 2.14% |
+470,358
| New | +$31.4M |
|
|
7
Liberty Global Class A
LBTYA
$3.64B
| $27.4M | 1.71% |
1,069,142
+829,027
| +345% | +$21M |
|
|
8
News Corp Class B
NWS
$18.7B
| $24.8M | 1.55% |
+1,055,985
| New | +$22.9M |
|
9
Willis Towers Watson
WTW
$31.9B
| $24.2M | 1.51% |
105,838
+53,120
| +101% | +$11.6M |
|
|
WORK
10
DELISTED
Slack Technologies, Inc.
WORK
| $23.5M | 1.46% |
577,287
+446,853
| +343% | +$18.7M |
|
|
ALXN
11
DELISTED
Alexion Pharmaceuticals
ALXN
| $23.2M | 1.45% |
151,725
+116,943
| +336% | +$18.1M |
|
|
12
Simon Property Group
SPG
$69.4B
| $21.7M | 1.35% |
+190,500
| New | +$19.9M |
|
|
LSXMK
13
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $18.2M | 1.13% |
531,576
-234,431
| -31% | -$7.87M |
|
|
OSG
14
Octave Specialty Group
OSG
$209M
| $16.7M | 1.05% |
1,000,000
| – | – |
|
|
MXIM
15
DELISTED
Maxim Integrated Products
MXIM
| $15.9M | 0.99% |
173,751
+37,882
| +28% | +$3.47M |
|
|
XLNX
16
DELISTED
Xilinx Inc
XLNX
| $14.4M | 0.9% |
116,606
+74,215
| +175% | +$9.89M |
|
17
Liberty Media Series A
FWONA
$23.4B
| $14.4M | 0.9% |
393,537
-97,581
| -20% | -$3.64M |
|
18
Otis Worldwide
OTIS
$27.3B
| $13.9M | 0.87% |
202,492
+48,531
| +32% | +$3.17M |
|
19
CME Group
CME
$103B
| $12.9M | 0.81% |
63,294
+6,441
| +11% | +$1.27M |
|
|
FLIR
20
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $12.8M | 0.8% |
+226,926
| New | +$12.3M |
|
21
Booking.com
BKNG
$155B
| $12.7M | 0.79% |
135,875
-27,050
| -17% | -$2.4M |
|
22
Cognizant
CTSH
$28.8B
| $12.5M | 0.78% |
160,074
+48,975
| +44% | +$3.78M |
|
23
Mastercard
MA
$521B
| $12M | 0.75% |
33,703
+3,894
| +13% | +$1.36M |
|
24
Abbott
ABT
$195B
| $11.4M | 0.71% |
94,993
-20,142
| -17% | -$2.39M |
|
25
Alphabet (Google) Class A
GOOGL
$4.24T
| $11.2M | 0.7% |
109,020
-20,380
| -16% | -$2.01M |
|
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CQS (US)'s Q1 2021 Portfolio in Review
As of Q1 2021, CQS (US) held 135 positions worth $1.6B, down 2.1% from $1.64B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
CQS (US) withdrew a net $685M in Q1 2021, closing 13 positions and reducing 25 holdings. Its most notable exit was Royal Caribbean, an estimated $23.7M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 50% of assets, down from 55% a quarter earlier, followed by Communication Services and Financials.
Against the trend, CQS (US) opened a new position in Fox Class B worth $48.7M.
- CQS (US)'s largest Q1 2021 buy was Fox Class B: 1,393,063 shares worth $48.7M.
- CQS (US) added most to Liberty Global Class A in Q1 2021, an estimated $21M increase.
- CQS (US)'s biggest Q1 2021 reduction was Discovery, Inc. Series C Common Stock, cutting an estimated $165M.
- CQS (US) fully exited Royal Caribbean in Q1 2021, selling an estimated $23.7M.
- CQS (US)'s ten largest holdings make up 33% of its $1.6B portfolio in Q1 2021.
- CQS (US) opened 18 new positions and closed 13 in Q1 2021.
- CQS (US)'s portfolio value fell 2.1% quarter-over-quarter to $1.6B.
Based on CQS (US)'s 13F filing for Q1 2021, filed 7 May 2021.