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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 | |
|---|---|---|---|---|---|---|
501
Pinterest
PINS
$13.7B
| $15K | ﹤0.01% |
186
-635
| -77% | -$44.3K |
|
502
State Street
STT
$48.4B
| $15K | ﹤0.01% |
179
| – | – |
|
503
SiriusXM
SIRI
$11B
| $13K | ﹤0.01% |
200
| – | – |
|
|
PPL
504
PPL Corp
PPL
$26.9B
| $12K | ﹤0.01% |
+427
| New | +$12.3K |
|
505
Corteva
CTVA
$60.5B
| $8K | ﹤0.01% |
+181
| New | +$8.36K |
|
506
Hasbro
HAS
$13.5B
| $8K | ﹤0.01% |
+88
| New | +$8.46K |
|
507
Coca-Cola
KO
$383B
| $8K | ﹤0.01% |
154
-369
| -71% | -$20.1K |
|
508
NextEra Energy
NEE
$184B
| $8K | ﹤0.01% |
112
| – | – |
|
509
ExxonMobil
XOM
$650B
| $8K | ﹤0.01% |
123
-548
| -82% | -$32.7K |
|
510
Agilent Technologies
A
$39.6B
| – | – |
-1,239
| Closed | -$158K |
|
511
AbbVie
ABBV
$465B
| – | – |
-3,522
| Closed | -$381K |
|
512
Acacia Research
ACTG
$437M
| – | – |
-4,116
| Closed | -$27K |
|
513
AudioEye
AEYE
$71.5M
| – | – |
-852
| Closed | -$24K |
|
514
Aflac
AFL
$65.5B
| – | – |
-1,514
| Closed | -$77K |
|
515
Alaska Air
ALK
$5.11B
| – | – |
-11,034
| Closed | -$764K |
|
516
Amkor Technology
AMKR
$10.6B
| – | – |
-2,139
| Closed | -$51K |
|
517
Alpha Metallurgical Resources
AMR
$1.77B
| – | – |
-1,993
| Closed | -$25K |
|
518
AppFolio
APPF
$6.62B
| – | – |
-2,427
| Closed | -$343K |
|
519
Avient
AVNT
$3.29B
| – | – |
-4,438
| Closed | -$210K |
|
520
Avantor
AVTR
$9.82B
| – | – |
-840
| Closed | -$24K |
|
521
American Water Works
AWK
$27B
| – | – |
-4,104
| Closed | -$615K |
|
522
Best Buy
BBY
$19B
| – | – |
-2,515
| Closed | -$289K |
|
523
Baker Hughes
BKR
$58.3B
| – | – |
-5,700
| Closed | -$123K |
|
524
Brown & Brown
BRO
$25.1B
| – | – |
-36,169
| Closed | -$1.65M |
|
525
BWX Technologies
BWXT
$14.4B
| – | – |
-8,387
| Closed | -$553K |
|
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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.