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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 | |
|---|---|---|---|---|---|---|
26
iShares TIPS Bond ETF
TIP
$14.5B
| $4.99M | 0.57% |
38,982
-16,719
| -30% | -$2.12M |
|
27
Robert Half
RHI
$4.11B
| $4.94M | 0.57% |
55,495
-5,769
| -9% | -$503K |
|
28
NVIDIA
NVDA
$4.6T
| $4.92M | 0.57% |
246,120
-41,840
| -15% | -$671K |
|
29
Edwards Lifesciences
EW
$49.4B
| $4.81M | 0.55% |
46,442
-1,914
| -4% | -$180K |
|
30
Mastercard
MA
$498B
| $4.76M | 0.55% |
13,030
-7,492
| -37% | -$2.79M |
|
31
Adobe
ADBE
$105B
| $4.57M | 0.52% |
7,797
-1,212
| -13% | -$625K |
|
32
Lowe's Companies
LOW
$121B
| $4.55M | 0.52% |
23,442
-6,998
| -23% | -$1.37M |
|
|
ATVI
33
DELISTED
Activision Blizzard
ATVI
| $4.25M | 0.49% |
44,563
| – | – |
|
34
Intel
INTC
$413B
| $4.14M | 0.48% |
73,779
+44
| +0.1% | +$2.58K |
|
35
Corning
GLW
$107B
| $4.08M | 0.47% |
99,827
-9,914
| -9% | -$432K |
|
36
Blackstone
BX
$104B
| $4.04M | 0.46% |
41,546
| – | – |
|
37
Equity Lifestyle Properties
ELS
$13.1B
| $3.95M | 0.45% |
53,210
-8,562
| -14% | -$606K |
|
38
Idexx Laboratories
IDXX
$44.9B
| $3.94M | 0.45% |
6,246
-842
| -12% | -$465K |
|
39
Chemed
CHE
$7.16B
| $3.86M | 0.44% |
8,143
| – | – |
|
40
O'Reilly Automotive
ORLY
$75.1B
| $3.83M | 0.44% |
101,505
-14,025
| -12% | -$503K |
|
41
Mettler-Toledo International
MTD
$28.1B
| $3.78M | 0.43% |
2,727
+23
| +0.9% | +$29.7K |
|
|
BNY
42
Bank of New York Mellon
BNY
$103B
| $3.75M | 0.43% |
73,170
| – | – |
|
43
AGCO
AGCO
$8.41B
| $3.66M | 0.42% |
28,049
| – | – |
|
|
BPYU
44
DELISTED
Brookfield Property REIT Inc. Class A Common Stock
BPYU
| $3.64M | 0.42% |
192,500
| – | – |
|
45
Johnson & Johnson
JNJ
$640B
| $3.51M | 0.4% |
21,313
-3,199
| -13% | -$530K |
|
46
eBay
EBAY
$51.2B
| $3.48M | 0.4% |
49,504
-2,099
| -4% | -$132K |
|
47
CSX Corp
CSX
$94B
| $3.46M | 0.4% |
107,802
-4,098
| -4% | -$135K |
|
48
Intuit
INTU
$91.1B
| $3.43M | 0.39% |
7,004
-1,001
| -13% | -$434K |
|
49
Merck
MRK
$322B
| $3.42M | 0.39% |
43,935
-3,499
| -7% | -$260K |
|
50
Biogen
BIIB
$30.9B
| $3.41M | 0.39% |
9,847
-1,735
| -15% | -$526K |
|
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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.