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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
+144.39%
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 | Miscellaneous | 24.91% |
| 2 | Technology | 19.52% |
| 3 | Consumer Discretionary | 11.65% |
| 4 | Healthcare | 10.73% |
| 5 | Financials | 8.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Illumina
ILMN
$33.6B
| $1.11M | 0.13% |
2,414
-164
| -6% | -$66.1K |
|
|
LBRDK
152
DELISTED
Liberty Broadband Class C
LBRDK
| $1.1M | 0.13% |
6,365
| – | – |
|
153
Prudential Financial
PRU
$41.2B
| $1.1M | 0.13% |
10,728
| – | – |
|
|
REGI
154
DELISTED
Renewable Energy Group, Inc.
REGI
| $1.09M | 0.13% |
17,478
-1,254
| -7% | -$78.3K |
|
155
Chemours
CC
$2.21B
| $1.08M | 0.12% |
31,100
| – | – |
|
156
Humana
HUM
$47.6B
| $1.07M | 0.12% |
2,427
-357
| -13% | -$156K |
|
157
HealthStream
HSTM
$867M
| $1.06M | 0.12% |
38,000
-23,424
| -38% | -$589K |
|
158
Nike
NKE
$53.7B
| $1.06M | 0.12% |
6,840
-3,048
| -31% | -$410K |
|
159
Cadence Design Systems
CDNS
$75.4B
| $1.06M | 0.12% |
7,718
-2,192
| -22% | -$290K |
|
160
JPMorgan Chase
JPM
$937B
| $1.04M | 0.12% |
6,698
-4,600
| -41% | -$722K |
|
|
161
Roku
ROKU
$23.3B
| $1.02M | 0.12% |
+2,226
| New | +$787K |
|
162
Sanmina
SANM
$10.3B
| $1.02M | 0.12% |
26,220
-2,186
| -8% | -$90.1K |
|
|
TVRD
163
Tvardi Therapeutics
TVRD
$23.5M
| $1.02M | 0.12% |
+1,978
| New | +$1.25M |
|
164
Visteon
VC
$2.61B
| $1M | 0.12% |
8,303
| – | – |
|
165
Phillips 66
PSX
$106B
| $1M | 0.12% |
11,685
-4,459
| -28% | -$376K |
|
166
Cisco
CSCO
$434B
| $1M | 0.12% |
18,900
-2,711
| -13% | -$143K |
|
167
State Street SPDR FTSE International Government Inflation-Protected Bond ETF
WIP
$468M
| $973K | 0.11% |
17,235
-11,854
| -41% | -$673K |
|
168
AGNC Investment
AGNC
$11.8B
| $967K | 0.11% |
57,264
+564
| +1% | +$10K |
|
|
169
ServiceNow
NOW
$147B
| $966K | 0.11% |
8,790
+6,535
| +290% | +$662K |
|
170
Exponent
EXPO
$3.2B
| $959K | 0.11% |
10,746
| – | – |
|
171
Pacific Biosciences
PACB
$417M
| $951K | 0.11% |
27,200
| – | – |
|
172
Burlington
BURL
$14.3B
| $941K | 0.11% |
2,921
| – | – |
|
173
Citigroup
C
$228B
| $941K | 0.11% |
13,294
-2,244
| -14% | -$166K |
|
174
Zoetis
ZTS
$30.3B
| $935K | 0.11% |
5,016
-1,287
| -20% | -$224K |
|
175
Vertex Pharmaceuticals
VRTX
$130B
| $932K | 0.11% |
4,624
-3,671
| -44% | -$768K |
|
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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 Miscellaneous at 25% of assets, down from 28% a quarter earlier, followed by Technology and Consumer Discretionary.
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.