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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 | |
|---|---|---|---|---|---|---|
401
Wendy's
WEN
$1.46B
| $54K | 0.01% |
2,300
-28,003
| -92% | -$643K |
|
402
First Merchants
FRME
$2.69B
| $50K | 0.01% |
1,200
| – | – |
|
403
Yum China
YUMC
$15.7B
| $48K | 0.01% |
725
| – | – |
|
404
Fortress Biotech
FBIO
$111M
| $47K | 0.01% |
+880
| New | +$53.1K |
|
405
WSFS Financial
WSFS
$4.14B
| $46K | 0.01% |
989
| – | – |
|
406
Entravision Communication
EVC
$1.02B
| $45K | 0.01% |
+6,784
| New | +$30.7K |
|
407
Ingersoll Rand
IR
$33.1B
| $45K | 0.01% |
928
-368
| -28% | -$18.1K |
|
408
Public Service Enterprise Group
PEG
$38.7B
| $44K | 0.01% |
740
-3,728
| -83% | -$230K |
|
409
ResMed
RMD
$31.1B
| $44K | 0.01% |
178
| – | – |
|
410
Verizon
VZ
$197B
| $44K | 0.01% |
786
-2,672
| -77% | -$153K |
|
411
Eaton
ETN
$141B
| $43K | ﹤0.01% |
289
| – | – |
|
|
MDRX
412
DELISTED
Veradigm Inc. Common Stock
MDRX
| $43K | ﹤0.01% |
2,300
| – | – |
|
413
Essex Property Trust
ESS
$19.1B
| $42K | ﹤0.01% |
140
| – | – |
|
414
Itron
ITRI
$4.48B
| $41K | ﹤0.01% |
413
| – | – |
|
415
Netflix
NFLX
$307B
| $40K | ﹤0.01% |
750
-7,710
| -91% | -$394K |
|
416
Xcel Energy
XEL
$49.2B
| $40K | ﹤0.01% |
612
| – | – |
|
417
Provident Financial
PROV
$111M
| $39K | ﹤0.01% |
2,264
| – | – |
|
|
AFMD
418
DELISTED
Affimed
AFMD
| $38K | ﹤0.01% |
450
| – | – |
|
419
CEVA Inc
CEVA
$831M
| $38K | ﹤0.01% |
804
| – | – |
|
420
Viatris
VTRS
$20.8B
| $38K | ﹤0.01% |
2,644
+594
| +29% | +$8.59K |
|
421
Genie Energy
GNE
$370M
| $37K | ﹤0.01% |
5,900
+2,454
| +71% | +$15K |
|
|
RVI
422
DELISTED
Retail Value Inc. Common Shares
RVI
| $36K | ﹤0.01% |
17,812
+13,846
| +349% | +$24.6K |
|
423
Harvard Bioscience
HBIO
$27.6M
| $35K | ﹤0.01% |
+420
| New | +$29.7K |
|
|
CFMS
424
DELISTED
Conformis, Inc. Common Stock
CFMS
| $34K | ﹤0.01% |
1,179
+230
| +24% | +$5.43K |
|
425
CMS Energy
CMS
$23.3B
| $33K | ﹤0.01% |
+555
| New | +$34.5K |
|
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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.