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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
+144.39%
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 | Miscellaneous | 24.91% |
| 2 | Technology | 19.52% |
| 3 | Consumer Discretionary | 11.65% |
| 4 | Healthcare | 10.73% |
| 5 | Financials | 8.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SBBP
476
DELISTED
Strongbridge Biopharma plc.
SBBP
| $24K | ﹤0.01% |
8,200
-22,800
| -74% | -$60.2K |
|
477
Cigna
CI
$76.3B
| $23K | ﹤0.01% |
95
| – | – |
|
478
Zumiez
ZUMZ
$209M
| $22K | ﹤0.01% |
459
| – | – |
|
479
Ametek
AME
$53.8B
| $21K | ﹤0.01% |
155
-944
| -86% | -$126K |
|
480
COPT Defense Properties
CDP
$3.92B
| $21K | ﹤0.01% |
749
| – | – |
|
481
Enerpac Tool Group
EPAC
$1.77B
| $21K | ﹤0.01% |
800
| – | – |
|
482
Kulicke & Soffa
KLIC
$4.12B
| $21K | ﹤0.01% |
+336
| New | +$18.1K |
|
483
Orion
OEC
$328M
| $21K | ﹤0.01% |
1,100
-2,616
| -70% | -$51.8K |
|
484
NMI Holdings
NMIH
$3.27B
| $20K | ﹤0.01% |
900
| – | – |
|
485
Enphase Energy
ENPH
$4.85B
| $19K | ﹤0.01% |
103
| – | – |
|
486
Mondelez International
MDLZ
$79.3B
| $19K | ﹤0.01% |
305
| – | – |
|
487
NRC Health Common Stock
NRC
$486M
| $19K | ﹤0.01% |
423
+74
| +21% | +$3.52K |
|
488
Insulet
PODD
$9.66B
| $19K | ﹤0.01% |
68
-90
| -57% | -$24.5K |
|
489
PNC Financial Services
PNC
$96.1B
| $18K | ﹤0.01% |
96
| – | – |
|
490
QuidelOrtho
QDEL
$729M
| $18K | ﹤0.01% |
140
-49
| -26% | -$5.77K |
|
491
SandRidge Energy
SD
$555M
| $18K | ﹤0.01% |
+2,937
| New | +$14.7K |
|
|
RRTS
492
DELISTED
RoadRunner Transportation Systems, Inc.
RRTS
| $18K | ﹤0.01% |
3,600
| – | – |
|
493
Hooker Furnishings Corp
HOFT
$144M
| $17K | ﹤0.01% |
+482
| New | +$18K |
|
494
CarMax
KMX
$8.49B
| $17K | ﹤0.01% |
132
| – | – |
|
495
Otis Worldwide
OTIS
$26.1B
| $17K | ﹤0.01% |
+211
| New | +$16.2K |
|
496
Progress Software
PRGS
$1.79B
| $16K | ﹤0.01% |
353
+62
| +21% | +$2.81K |
|
497
Reliance Steel & Aluminium
RS
$20B
| $16K | ﹤0.01% |
108
| – | – |
|
498
Vontier
VNT
$4.34B
| $16K | ﹤0.01% |
+506
| New | +$16.7K |
|
499
Anika Therapeutics
ANIK
$280M
| $15K | ﹤0.01% |
343
-2,693
| -89% | -$115K |
|
500
NRG Energy
NRG
$22.3B
| $15K | ﹤0.01% |
382
-658
| -63% | -$23.8K |
|
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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 Miscellaneous at 25% of assets, down from 28% a quarter earlier, followed by Technology and Consumer Discretionary.
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.