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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 | |
|---|---|---|---|---|---|---|
1
iShares Core S&P Total US Stock Market ETF
ITOT
$92.3B
| $63.3M | 7.27% |
641,157
-27,981
| -4% | -$2.69M |
|
2
Vanguard Total Stock Market ETF
VTI
$646B
| $63.2M | 7.25% |
283,523
-12,900
| -4% | -$2.8M |
|
3
State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF
SPTM
$13.3B
| $63M | 7.24% |
1,189,598
-51,930
| -4% | -$2.69M |
|
|
4
Microsoft
MSFT
$2.9T
| $39.5M | 4.54% |
145,926
-14,206
| -9% | -$3.61M |
|
|
5
Apple
AAPL
$4.97T
| $37.6M | 4.31% |
274,305
-29,949
| -10% | -$3.88M |
|
6
Amazon
AMZN
$2.44T
| $19.9M | 2.28% |
115,440
-15,980
| -12% | -$2.66M |
|
7
Meta Platforms (Facebook)
META
$1.49T
| $19.7M | 2.26% |
56,517
-5,715
| -9% | -$1.83M |
|
8
Alphabet (Google) Class C
GOOG
$4.11T
| $16.6M | 1.9% |
132,280
-14,220
| -10% | -$1.69M |
|
|
9
Alphabet (Google) Class A
GOOGL
$4.12T
| $15.4M | 1.76% |
125,740
-14,100
| -10% | -$1.65M |
|
|
10
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $11.9M | 1.37% |
135,097
-568,982
| -81% | -$49.7M |
|
|
11
Visa
V
$701B
| $11.4M | 1.31% |
48,889
-13,053
| -21% | -$2.98M |
|
12
Eli Lilly
LLY
$1.08T
| $9.62M | 1.1% |
41,897
| – | – |
|
|
13
UnitedHealth
UNH
$382B
| $9.11M | 1.05% |
22,737
-7,827
| -26% | -$3.12M |
|
14
Tesla
TSLA
$1.18T
| $8.32M | 0.96% |
36,720
-4,122
| -10% | -$895K |
|
15
Procter & Gamble
PG
$340B
| $6.61M | 0.76% |
48,964
-5,280
| -10% | -$714K |
|
|
DFS
16
DELISTED
Discover Financial Services
DFS
| $6.54M | 0.75% |
55,279
| – | – |
|
17
Oracle
ORCL
$339B
| $6.44M | 0.74% |
82,759
-2,316
| -3% | -$181K |
|
18
VeriSign
VRSN
$26.3B
| $6.31M | 0.72% |
27,694
| – | – |
|
19
Home Depot
HD
$337B
| $6.11M | 0.7% |
19,170
-1,153
| -6% | -$367K |
|
20
Norfolk Southern
NSC
$75.4B
| $5.74M | 0.66% |
21,625
| – | – |
|
21
Synopsys
SNPS
$71.6B
| $5.39M | 0.62% |
19,539
| – | – |
|
22
Union Pacific
UNP
$174B
| $5.38M | 0.62% |
24,458
-369
| -1% | -$82.2K |
|
23
Globe Life
GL
$14B
| $5.31M | 0.61% |
55,736
| – | – |
|
24
Starbucks
SBUX
$119B
| $5.31M | 0.61% |
47,485
| – | – |
|
25
Amgen
AMGN
$209B
| $4.99M | 0.57% |
20,475
-2,280
| -10% | -$561K |
|
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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.