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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 | |
|---|---|---|---|---|---|---|
101
Walt Disney
DIS
$171B
| $1.92M | 0.22% |
10,919
-1,435
| -12% | -$258K |
|
102
Southwest Airlines
LUV
$21.7B
| $1.91M | 0.22% |
36,011
| – | – |
|
103
Berkshire Hathaway Class B
BRK.B
$1.1T
| $1.89M | 0.22% |
6,786
-9,361
| -58% | -$2.62M |
|
104
Tapestry
TPR
$30.3B
| $1.87M | 0.21% |
43,000
| – | – |
|
105
Lamb Weston
LW
$7.42B
| $1.83M | 0.21% |
22,710
-1,609
| -7% | -$129K |
|
106
Reinsurance Group of America
RGA
$15.5B
| $1.82M | 0.21% |
15,960
| – | – |
|
107
Central Garden & Pet Co Class A
CENTA
$2.43B
| $1.77M | 0.2% |
45,869
-14,861
| -24% | -$609K |
|
108
Stryker
SYK
$135B
| $1.74M | 0.2% |
6,700
| – | – |
|
|
CSII
109
DELISTED
Cardiovascular Systems, Inc.
CSII
| $1.73M | 0.2% |
40,627
-4,300
| -10% | -$168K |
|
110
APA Corp
APA
$13B
| $1.72M | 0.2% |
79,600
-11,674
| -13% | -$240K |
|
111
Bristol-Myers Squibb
BMY
$129B
| $1.69M | 0.19% |
25,333
-9,793
| -28% | -$639K |
|
112
McKesson
MCK
$104B
| $1.62M | 0.19% |
8,481
-1,199
| -12% | -$232K |
|
|
RJI
113
DELISTED
AB Svensk Ekportkredit ELEMENTS Linked to the Rogers International Commodity Index-Total Return
RJI
| $1.61M | 0.18% |
252,876
-27,010
| -10% | -$162K |
|
114
L3Harris
LHX
$55.4B
| $1.6M | 0.18% |
7,400
| – | – |
|
115
Packaging Corp of America
PKG
$22.2B
| $1.6M | 0.18% |
11,800
| – | – |
|
116
Manhattan Associates
MANH
$12.1B
| $1.58M | 0.18% |
10,932
| – | – |
|
117
Franklin Electric
FELE
$4.66B
| $1.56M | 0.18% |
19,376
| – | – |
|
118
UFP Industries
UFPI
$4.95B
| $1.54M | 0.18% |
20,682
-2,430
| -11% | -$192K |
|
119
Orthofix Medical
OFIX
$492M
| $1.53M | 0.18% |
38,228
| – | – |
|
120
iPath Bloomberg Commodity Index Total Return ETN due 12 June 2036
DJP
$801M
| $1.49M | 0.17% |
54,908
-6,709
| -11% | -$175K |
|
121
F5
FFIV
$22B
| $1.49M | 0.17% |
8,000
| – | – |
|
122
Gentex
GNTX
$5.1B
| $1.46M | 0.17% |
44,163
-14,287
| -24% | -$496K |
|
123
Spotify
SPOT
$108B
| $1.45M | 0.17% |
5,256
| – | – |
|
124
DTE Energy
DTE
$29.9B
| $1.45M | 0.17% |
13,128
-1,542
| -11% | -$180K |
|
125
Century Casinos
CNTY
$32.9M
| $1.42M | 0.16% |
105,800
| – | – |
|
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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.