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FQ

First Quadrant Portfolio holdings

AUM $18M
1-Year Est. Return 24.2%
This Fund
S&P 500
This Quarter Est. Return
+8.93%
1 Year Est. Return
+24.2%
3 Year Est. Return
+90.61%
5 Year Est. Return
+144.35%
10 Year Est. Return
–
AUM
$871M
AUM Growth
-$69.5M
Cap. Flow
-$137M
Cap. Flow %
-15.72%
Top 10 Hldgs %
40.19%
Holding
614
New
49
Increased
59
Reduced
166
Closed
105

Top Buys

Rank Stock Value
1
TVRD
Tvardi Therapeutics
TVRD
+$1.25M
2
LNT icon
Alliant Energy
LNT
+$1.13M
3
ROKU icon
Roku
ROKU
+$787K
4
NOW icon
ServiceNow
NOW
+$662K
5
DUK icon
Duke Energy
DUK
+$545K

Top Sells

Rank Stock Value
1
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$49.7M
2
AAPL icon
Apple
AAPL
+$3.88M
3
MSFT icon
Microsoft
MSFT
+$3.61M
4
UNH icon
UnitedHealth
UNH
+$3.12M
5
V icon
Visa
V
+$2.98M

Sector Composition

Rank Sector Weight
1 Technology 19.28%
2 Consumer Discretionary 11.65%
3 Healthcare 10.31%
4 Financials 8.18%
5 Communication Services 8.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JNPR
276
DELISTED
Juniper Networks
JNPR
$373K 0.04%
13,637
+95
+0.7% +$2.53K
SPOK icon
277
Spok Holdings
SPOK
$229M
$368K 0.04%
38,273
-7,927
-17% -$84.7K
UAL icon
278
United Airlines
UAL
$38.8B
$366K 0.04%
6,995
– –
TT icon
279
Trane Technologies
TT
$98.8B
$365K 0.04%
1,980
– –
PXD
280
DELISTED
Pioneer Natural Resource Co.
PXD
$353K 0.04%
2,169
– –
FBIN icon
281
Fortune Brands Innovations
FBIN
$5.86B
$352K 0.04%
4,131
– –
R icon
282
Ryder
R
$9.9B
$349K 0.04%
4,700
– –
APEI icon
283
American Public Education
APEI
$940M
$347K 0.04%
12,230
– –
XENT
284
DELISTED
Intersect ENT, Inc
XENT
$342K 0.04%
20,000
– –
HEI.A icon
285
HEICO Corp Class A
HEI.A
$36B
$340K 0.04%
2,740
-1,155
-30% -$146K
OOMA icon
286
Ooma
OOMA
$601M
$339K 0.04%
18,000
– –
SVC
287
Service Properties Trust
SVC
$1.05B
$336K 0.04%
5,340
– –
NOC icon
288
Northrop Grumman
NOC
$76B
$335K 0.04%
922
– –
BKD icon
289
Brookdale Senior Living
BKD
$3.55B
$333K 0.04%
42,200
– –
COR icon
290
Cencora
COR
$62B
$332K 0.04%
2,899
– –
GPC icon
291
Genuine Parts
GPC
$17.9B
$326K 0.04%
2,574
+187
+8% +$23.5K
CIEN icon
292
Ciena
CIEN
$46.8B
$323K 0.04%
5,681
-3,022
-35% -$167K
PK icon
293
Park Hotels & Resorts
PK
$3.08B
$317K 0.04%
15,400
– –
HSIC icon
294
Henry Schein
HSIC
$9.78B
$312K 0.04%
4,200
– –
AVAV icon
295
AeroVironment
AVAV
$7.19B
$310K 0.04%
3,092
-255
-8% -$28.1K
AZO icon
296
AutoZone
AZO
$51.3B
$307K 0.04%
206
-173
-46% -$251K
LL
297
DELISTED
LL Flooring Holdings, Inc.
LL
$304K 0.03%
14,400
– –
EMR icon
298
Emerson Electric
EMR
$81.6B
$298K 0.03%
3,100
-1,211
-28% -$114K
WMT icon
299
Walmart Inc
WMT
$909B
$290K 0.03%
6,171
-2,826
-31% -$132K
VG
300
DELISTED
Vonage Holdings Corporation
VG
$288K 0.03%
20,000
– –
10 11
12
13 14

Similar funds

BC
Blackcrane Capital Bellevue, Washington $16.3M AUM 19.53% 1-Year Est. Return
SCM
SunTx Capital Management Dallas, Texas $21.3M AUM 12.38% 1-Year Est. Return
CFG
Claremont Financial Group Claremont, California $23.4M AUM
AG
Aravt Global New York $11.3M AUM 3.78% 1-Year Est. Return
YEPV
Yorktown Energy Partners V New York $5.41M AUM
WIA
Wealthstreet Investment Advisors Dallas, Texas $3.71M AUM 13.1% 1-Year Est. Return
LSM
Light Sky Macro New York $1.34M AUM
FFIM
Founders Fund IV Management San Francisco, California $1.21M AUM

First Quadrant's Q2 2021 Portfolio in Review

As of Q2 2021, First Quadrant held 614 positions worth $871M, down 7.4% from $940M the previous quarter. Its ten largest holdings account for 40% of the portfolio.

First Quadrant withdrew a net $137M in Q2 2021, closing 105 positions and reducing 166 holdings. Its most notable exit was Brown & Brown, an estimated $1.65M position sold in full.

By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 17% a quarter earlier, followed by Consumer Discretionary and Healthcare.

Against the trend, First Quadrant opened a new position in Tvardi Therapeutics worth $1.02M.

  • First Quadrant's largest Q2 2021 buy was Tvardi Therapeutics: 1,978 shares worth $1.02M.
  • First Quadrant added most to ServiceNow in Q2 2021, an estimated $662K increase.
  • First Quadrant's biggest Q2 2021 reduction was iShares iBoxx $ High Yield Corporate Bond ETF, cutting an estimated $49.7M.
  • First Quadrant fully exited Brown & Brown in Q2 2021, selling an estimated $1.65M.
  • First Quadrant's ten largest holdings make up 40% of its $871M portfolio in Q2 2021.
  • First Quadrant opened 49 new positions and closed 105 in Q2 2021.
  • First Quadrant's portfolio value fell 7.4% quarter-over-quarter to $871M.

Based on First Quadrant's 13F filing for Q2 2021, filed 23 Jul 2021.