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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
(-7.4%)
Cap. Flow
-$137M
Cap. Flow
% of AUM
-15.72%
Top 10 Holdings %
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 |
Alliant Energy
LNT
|
+$1.13M |
| 3 |
Roku
ROKU
|
+$787K |
| 4 |
ServiceNow
NOW
|
+$662K |
| 5 |
Duke Energy
DUK
|
+$545K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$49.7M |
| 2 |
Apple
AAPL
|
+$3.88M |
| 3 |
Microsoft
MSFT
|
+$3.61M |
| 4 |
UnitedHealth
UNH
|
+$3.12M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
351
US Foods
USFD
$22.5B
| $167K | 0.02% |
4,345
| – | – |
|
352
First American
FAF
$7.98B
| $166K | 0.02% |
2,659
-10,182
| -79% | -$648K |
|
|
UMPQ
353
DELISTED
Umpqua Holdings Corp
UMPQ
| $166K | 0.02% |
9,000
| – | – |
|
354
Allegion
ALLE
$13.5B
| $162K | 0.02% |
1,166
| – | – |
|
|
RAD
355
DELISTED
Rite Aid Corporation
RAD
| $161K | 0.02% |
9,900
| – | – |
|
356
Performance Food Group
PFGC
$18.3B
| $160K | 0.02% |
3,292
| – | – |
|
357
Central Garden & Pet Co
CENT
$2.76B
| $159K | 0.02% |
3,764
| – | – |
|
358
Carvana
CVNA
$47.5B
| $148K | 0.02% |
2,455
| – | – |
|
359
Incyte
INCY
$25.8B
| $147K | 0.02% |
1,753
+30
| +2% | +$2.5K |
|
360
Melco Resorts & Entertainment
MLCO
$2.21B
| $141K | 0.02% |
8,500
| – | – |
|
361
Nature's Sunshine
NATR
$362M
| $141K | 0.02% |
8,135
+7,135
| +714% | +$141K |
|
362
Lear
LEA
$7.39B
| $140K | 0.02% |
800
| – | – |
|
363
Fabrinet
FN
$14.9B
| $138K | 0.02% |
1,444
| – | – |
|
|
TWO
364
Two Harbors Investment
TWO
$1.27B
| $137K | 0.02% |
4,525
-686
| -13% | -$20.4K |
|
365
Cintas
CTAS
$86.6B
| $136K | 0.02% |
1,424
| – | – |
|
366
Superior Group of Companies
SGC
$199M
| $136K | 0.02% |
5,700
| – | – |
|
367
Cable One
CABO
$237M
| $134K | 0.02% |
70
+6
| +9% | +$10.8K |
|
368
Organon & Co
OGN
$3.56B
| $133K | 0.02% |
+4,394
| New | +$145K |
|
369
NETGEAR
NTGR
$612M
| $130K | 0.01% |
3,389
-13,010
| -79% | -$504K |
|
370
Culp Inc
CULP
$45.2M
| $126K | 0.01% |
7,700
| – | – |
|
371
Green Dot
GDOT
$750M
| $126K | 0.01% |
2,700
+400
| +17% | +$17.8K |
|
372
Accenture
ACN
$106B
| $123K | 0.01% |
417
| – | – |
|
|
ATRS
373
DELISTED
Antares Pharma, Inc.
ATRS
| $123K | 0.01% |
+28,200
| New | +$115K |
|
|
VRNT
374
DELISTED
Verint Systems
VRNT
| $122K | 0.01% |
2,700
+600
| +29% | +$27.8K |
|
375
Lattice Semiconductor
LSCC
$16B
| $121K | 0.01% |
2,146
| – | – |
|
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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.