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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 | |
|---|---|---|---|---|---|---|
76
Vanguard Real Estate ETF
VNQ
$39.9B
| $2.42M | 0.28% |
23,795
+2,714
| +13% | +$269K |
|
77
CME Group
CME
$95.4B
| $2.4M | 0.28% |
11,281
| – | – |
|
78
Charter Communications
CHTR
$17.3B
| $2.38M | 0.27% |
3,299
-571
| -15% | -$384K |
|
79
Elevance Health
ELV
$81.5B
| $2.38M | 0.27% |
6,222
| – | – |
|
80
Avery Dennison
AVY
$12.8B
| $2.33M | 0.27% |
11,067
| – | – |
|
81
Automatic Data Processing
ADP
$109B
| $2.32M | 0.27% |
11,682
-180
| -2% | -$35K |
|
|
CTXS
82
DELISTED
Citrix Systems Inc
CTXS
| $2.32M | 0.27% |
19,749
+559
| +3% | +$69.6K |
|
83
Synchrony
SYF
$24.4B
| $2.31M | 0.27% |
47,660
| – | – |
|
84
Ross Stores
ROST
$80.8B
| $2.31M | 0.27% |
18,640
| – | – |
|
|
FBC
85
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $2.28M | 0.26% |
53,979
| – | – |
|
86
Idacorp
IDA
$8B
| $2.27M | 0.26% |
23,268
-20,847
| -47% | -$2.09M |
|
87
Copart
CPRT
$28.5B
| $2.27M | 0.26% |
68,800
| – | – |
|
88
Lennar Class B
LEN.B
$19.9B
| $2.19M | 0.25% |
28,288
| – | – |
|
89
Entegris
ENTG
$16.3B
| $2.19M | 0.25% |
17,800
| – | – |
|
90
Cognizant
CTSH
$26.5B
| $2.18M | 0.25% |
31,510
+418
| +1% | +$31.1K |
|
91
GoDaddy
GDDY
$13.9B
| $2.18M | 0.25% |
25,046
-455
| -2% | -$38K |
|
|
MXIM
92
DELISTED
Maxim Integrated Products
MXIM
| $2.12M | 0.24% |
20,129
| – | – |
|
93
Spectrum Brands
SPB
$2.03B
| $2.11M | 0.24% |
24,811
-15,454
| -38% | -$1.36M |
|
94
MGM Resorts International
MGM
$11.7B
| $2.11M | 0.24% |
49,400
| – | – |
|
95
Cardinal Health
CAH
$53.7B
| $2.09M | 0.24% |
36,627
+204
| +0.6% | +$11.9K |
|
96
Allstate
ALL
$70.6B
| $2.09M | 0.24% |
16,008
| – | – |
|
97
Weyerhaeuser
WY
$17.6B
| $2.04M | 0.23% |
59,232
-12,205
| -17% | -$453K |
|
98
PVH
PVH
$4.07B
| $1.99M | 0.23% |
18,513
| – | – |
|
99
Avnet
AVT
$6.86B
| $1.99M | 0.23% |
49,651
-6,987
| -12% | -$301K |
|
100
Booking.com
BKNG
$156B
| $1.98M | 0.23% |
22,600
-2,700
| -11% | -$252K |
|
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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.