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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 | |
|---|---|---|---|---|---|---|
126
Expedia Group
EXPE
$36.5B
| $1.42M | 0.16% |
8,672
+182
| +2% | +$31.2K |
|
127
Malibu Boats
MBUU
$548M
| $1.41M | 0.16% |
19,239
-545
| -3% | -$43.4K |
|
128
Marvell Technology
MRVL
$147B
| $1.41M | 0.16% |
24,179
| – | – |
|
|
HRC
129
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $1.4M | 0.16% |
12,300
| – | – |
|
130
S&P Global
SPGI
$124B
| $1.39M | 0.16% |
3,378
-1,043
| -24% | -$401K |
|
131
NiSource
NI
$21.5B
| $1.38M | 0.16% |
56,337
+6,300
| +13% | +$160K |
|
132
Graphic Packaging
GPK
$3.35B
| $1.37M | 0.16% |
75,651
-25,298
| -25% | -$462K |
|
|
NATI
133
DELISTED
National Instruments Corp
NATI
| $1.35M | 0.16% |
31,998
-3,683
| -10% | -$155K |
|
|
EQC
134
DELISTED
Equity Commonwealth
EQC
| $1.35M | 0.16% |
51,547
-79,875
| -61% | -$2.22M |
|
135
PayPal
PYPL
$49.9B
| $1.34M | 0.15% |
4,591
-479
| -9% | -$127K |
|
136
Zscaler
ZS
$24.9B
| $1.32M | 0.15% |
6,108
+1,923
| +46% | +$366K |
|
137
Dover
DOV
$26.7B
| $1.31M | 0.15% |
8,700
| – | – |
|
138
Patterson-UTI
PTEN
$3.54B
| $1.29M | 0.15% |
130,100
| – | – |
|
139
Dillards
DDS
$9.2B
| $1.28M | 0.15% |
7,100
| – | – |
|
140
The Joint Corp
JYNT
$119M
| $1.26M | 0.14% |
14,988
| – | – |
|
141
Colgate-Palmolive
CL
$74.8B
| $1.23M | 0.14% |
15,129
+1,509
| +11% | +$123K |
|
142
Gilead Sciences
GILD
$165B
| $1.23M | 0.14% |
17,872
| – | – |
|
143
Vanda Pharmaceuticals
VNDA
$304M
| $1.19M | 0.14% |
55,400
| – | – |
|
144
Booz Allen Hamilton
BAH
$8.44B
| $1.19M | 0.14% |
13,961
+31
| +0.2% | +$2.62K |
|
|
HES
145
DELISTED
Hess
HES
| $1.18M | 0.14% |
13,502
-2,117
| -14% | -$171K |
|
146
Oceaneering
OII
$4.64B
| $1.17M | 0.13% |
74,800
| – | – |
|
147
Resideo Technologies
REZI
$5.4B
| $1.16M | 0.13% |
38,600
| – | – |
|
|
BRSL
148
Brightstar Lottery PLC
BRSL
$1.9B
| $1.14M | 0.13% |
47,700
| – | – |
|
149
Ligand Pharmaceuticals
LGND
$5.77B
| $1.13M | 0.13% |
13,821
| – | – |
|
|
150
Alliant Energy
LNT
$18.6B
| $1.11M | 0.13% |
+19,944
| New | +$1.13M |
|
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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.