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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
Cap. Flow
-$137M
Cap. Flow %
-15.72%
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
LNT icon
Alliant Energy
LNT
+$1.13M
3
ROKU icon
Roku
ROKU
+$787K
4
NOW icon
ServiceNow
NOW
+$662K
5
DUK icon
Duke Energy
DUK
+$545K

Top Sells

Rank Stock Value
1
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$49.7M
2
AAPL icon
Apple
AAPL
+$3.88M
3
MSFT icon
Microsoft
MSFT
+$3.61M
4
UNH icon
UnitedHealth
UNH
+$3.12M
5
V icon
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
BFAM icon
176
Bright Horizons
BFAM
$4.35B
$929K 0.11%
6,316
-1,676
-21% -$251K
MTX icon
177
Minerals Technologies
MTX
$2.29B
$917K 0.11%
11,652
– –
UPWK icon
178
Upwork
UPWK
$1.18B
$915K 0.11%
15,700
– –
HUBB icon
179
Hubbell
HUBB
$24.4B
$914K 0.11%
4,891
-1,129
-19% -$213K
TBI
180
Trueblue
TBI
$227M
$900K 0.1%
32,000
– –
LBRDA icon
181
Liberty Broadband Class A
LBRDA
$4.89B
$887K 0.1%
5,277
-7,600
-59% -$1.19M
ANET icon
182
Arista Networks
ANET
$199B
$883K 0.1%
39,008
– –
PM icon
183
Philip Morris
PM
$309B
$870K 0.1%
8,781
– –
LGF.B
184
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
$860K 0.1%
47,000
– –
BF.A icon
185
Brown-Forman Class A
BF.A
$13.7B
$859K 0.1%
12,183
– –
USNA icon
186
Usana Health Sciences
USNA
$419M
$858K 0.1%
8,373
-1,282
-13% -$129K
LSI
187
DELISTED
Life Storage, Inc.
LSI
$857K 0.1%
7,983
-708
-8% -$69.6K
RYN icon
188
Rayonier
RYN
$6.67B
$854K 0.1%
26,198
– –
OXY icon
189
Occidental Petroleum
OXY
$55.7B
$844K 0.1%
27,000
-16,640
-38% -$446K
CDMO
190
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
$839K 0.1%
32,700
-2,369
-7% -$50.6K
SABR icon
191
Sabre
SABR
$716M
$834K 0.1%
66,800
– –
LYB icon
192
LyondellBasell Industries
LYB
$19.5B
$829K 0.1%
8,054
– –
MSI icon
193
Motorola Solutions
MSI
$72.1B
$826K 0.09%
3,811
+1,949
+105% +$389K
UCB
194
United Community Banks
UCB
$4.26B
$805K 0.09%
25,144
– –
BA icon
195
Boeing
BA
$169B
$801K 0.09%
3,344
– –
FLO icon
196
Flowers Foods
FLO
$1.58B
$798K 0.09%
32,983
+800
+2% +$19.4K
PAYX icon
197
Paychex
PAYX
$43.4B
$792K 0.09%
7,378
– –
AYI icon
198
Acuity Brands
AYI
$9.99B
$784K 0.09%
4,191
– –
MDT icon
199
Medtronic
MDT
$112B
$782K 0.09%
6,299
– –
QADA
200
DELISTED
QAD Inc.
QADA
$778K 0.09%
8,941
-5,100
-36% -$372K
6 7
8
9 10

Similar funds

BC
Blackcrane Capital Bellevue, Washington $16.3M AUM 19.53% 1-Year Est. Return
SCM
SunTx Capital Management Dallas, Texas $21.3M AUM 12.38% 1-Year Est. Return
CFG
Claremont Financial Group Claremont, California $23.4M AUM
AG
Aravt Global New York $11.3M AUM 3.78% 1-Year Est. Return
YEPV
Yorktown Energy Partners V New York $5.41M AUM
WIA
Wealthstreet Investment Advisors Dallas, Texas $3.71M AUM 13.1% 1-Year Est. Return
LSM
Light Sky Macro New York $1.34M AUM
FFIM
Founders Fund IV Management San Francisco, California $1.21M AUM

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.