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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 | |
|---|---|---|---|---|---|---|
51
Hershey
HSY
$37.3B
| $3.37M | 0.39% |
19,372
-1,939
| -9% | -$327K |
|
52
Qualcomm
QCOM
$164B
| $3.32M | 0.38% |
23,214
-1,853
| -7% | -$250K |
|
53
Silgan Holdings
SLGN
$4.51B
| $3.13M | 0.36% |
75,501
| – | – |
|
54
Sensient Technologies
SXT
$5.22B
| $3.13M | 0.36% |
36,199
| – | – |
|
55
Armstrong World Industries
AWI
$7.37B
| $3.13M | 0.36% |
29,189
| – | – |
|
56
Comcast
CMCSA
$87.3B
| $3.13M | 0.36% |
54,801
-1,216
| -2% | -$68K |
|
57
TJX Companies
TJX
$179B
| $3.05M | 0.35% |
45,222
-5,878
| -12% | -$401K |
|
58
Autodesk
ADSK
$51.8B
| $3M | 0.34% |
10,259
-11
| -0.1% | -$3.14K |
|
59
Clorox
CLX
$12B
| $2.99M | 0.34% |
16,600
| – | – |
|
60
Steris
STE
$22.9B
| $2.98M | 0.34% |
14,470
| – | – |
|
61
Baxter International
BAX
$12.8B
| $2.93M | 0.34% |
36,400
| – | – |
|
62
ConocoPhillips
COP
$144B
| $2.88M | 0.33% |
47,287
-7,302
| -13% | -$407K |
|
63
LKQ Corp
LKQ
$6.72B
| $2.81M | 0.32% |
57,078
-926
| -2% | -$44.2K |
|
64
Texas Instruments
TXN
$248B
| $2.81M | 0.32% |
14,608
| – | – |
|
65
Bank of America
BAC
$429B
| $2.74M | 0.31% |
66,482
-7,256
| -10% | -$297K |
|
66
Rollins
ROL
$18.6B
| $2.72M | 0.31% |
79,628
-14,494
| -15% | -$506K |
|
67
Landstar System
LSTR
$6.03B
| $2.71M | 0.31% |
17,140
-3,371
| -16% | -$566K |
|
68
Electronic Arts
EA
$52.4B
| $2.62M | 0.3% |
18,200
-3,363
| -16% | -$477K |
|
69
Cathay General Bancorp
CATY
$4.23B
| $2.57M | 0.3% |
65,400
| – | – |
|
70
Chevron
CVX
$382B
| $2.54M | 0.29% |
24,262
| – | – |
|
71
W.R. Berkley
WRB
$28.1B
| $2.47M | 0.28% |
74,779
+178
| +0.2% | +$6.16K |
|
72
Intercontinental Exchange
ICE
$87.2B
| $2.46M | 0.28% |
20,738
-1,127
| -5% | -$130K |
|
73
Tractor Supply
TSCO
$16.3B
| $2.46M | 0.28% |
65,980
-10,535
| -14% | -$386K |
|
|
CHX
74
DELISTED
ChampionX
CHX
| $2.44M | 0.28% |
95,264
| – | – |
|
75
Expeditors International
EXPD
$22.3B
| $2.43M | 0.28% |
19,197
| – | – |
|
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FFIM
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.