# CQS (US), LLC

> Institutional holdings reported to the SEC as of Q2 2024 on Form 13F. CIK 1447946. Source: https://holderbook.com/funds/1447946-cqs-us-llc/

- Reported value: $367.3M
- Positions: 44
- Weight of the ten largest: 63.9%
- Filed: 2024-08-06

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ON SEMICONDUCTOR CORP | - | $33.2M | 23,700,000 | 9.0% | 9 |
| BOOKING HOLDINGS INC | - | $31.5M | 14,950,000 | 8.6% | 13 |
| AKAMAI TECHNOLOGIES INC | - | $31.2M | 29,650,000 | 8.5% | 19 |
| FORD MTR CO DEL | - | $31.1M | 30,700,000 | 8.5% | 10 |
| EURONET WORLDWIDE INC | - | $27.9M | 28,796,000 | 7.6% | 18 |
| SOUTHWEST AIRLS CO | - | $26.9M | 26,850,000 | 7.3% | 14 |
| UR-ENERGY INC | [URG](https://holderbook.com/stocks/URG/) | $17.1M | 12,223,939 | 4.7% | 19 |
| WAYFAIR INC | - | $13.2M | 14,178,000 | 3.6% | 12 |
| SEMTECH CORP | - | $12.4M | 11,700,000 | 3.4% | 3 |
| BURLINGTON STORES INC | - | $10.2M | 8,750,000 | 2.8% | 13 |
| URANIUM ENERGY CORP | [UEC](https://holderbook.com/stocks/UEC/) | $9.6M | 1,599,865 | 2.6% | 19 |
| ENPHASE ENERGY INC | - | $9.3M | 11,200,000 | 2.5% | 6 |
| ARRAY TECHNOLOGIES INC | - | $8.9M | 11,000,000 | 2.4% | 7 |
| DATADOG INC | - | $8.7M | 6,000,000 | 2.4% | 13 |
| DIAMONDBACK ENERGY INC | [FANG](https://holderbook.com/stocks/FANG/) | $7.1M | 35,700 | 1.9% | 11 |
| TRANSOCEAN LTD | [RIG](https://holderbook.com/stocks/RIG/) | $6.9M | 1,295,000 | 1.9% | 9 |
| CAMECO CORP | [CCJ](https://holderbook.com/stocks/CCJ/) | $6.6M | 135,000 | 1.8% | 10 |
| JETBLUE AIRWAYS CORP | - | $6.6M | 7,434,000 | 1.8% | 9 |
| ON SEMICONDUCTOR CORP | - | $6.5M | 6,750,000 | 1.8% | 2 |
| AKAMAI TECHNOLOGIES INC | - | $5.6M | 5,750,000 | 1.5% | 3 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $5.4M | 42,600 | 1.5% | 11 |
| TELADOC HEALTH INC | - | $4.9M | 5,900,000 | 1.3% | 13 |
| ZTO EXPRESS CAYMAN INC | - | $4.6M | 4,700,000 | 1.3% | 4 |
| WHEATON PRECIOUS METALS CORP | [WPM](https://holderbook.com/stocks/WPM/) | $4.0M | 76,000 | 1.1% | 8 |
| BLOCK INC | - | $3.9M | 4,000,000 | 1.1% | 13 |
| ENERGY FUELS INC | [UUUU](https://holderbook.com/stocks/UUUU/) | $3.7M | 602,697 | 1.0% | 19 |
| BLOCK INC | - | $3.4M | 3,750,000 | 0.9% | 11 |
| EQUINOX GOLD CORP | [EQX](https://holderbook.com/stocks/EQX/) | $3.1M | 600,000 | 0.9% | 1 |
| MIDDLEBY CORP | - | $3.0M | 2,800,000 | 0.8% | 12 |
| PEABODY ENGR CORP | [BTU](https://holderbook.com/stocks/BTU/) | $2.9M | 130,000 | 0.8% | 11 |
| LIVENT CORP | - | $2.6M | 2,200,000 | 0.7% | 13 |
| SIGMA LITHIUM CORPORATION | [SGML](https://holderbook.com/stocks/SGML/) | $2.6M | 215,000 | 0.7% | 2 |
| HUBSPOT INC | - | $1.8M | 877,000 | 0.5% | 13 |
| OSISKO GOLD ROYALTIES LTD | [ORXXXX](https://holderbook.com/stocks/ORXXXX/) | $1.6M | 100,000 | 0.4% | 5 |
| PLATINUM GROUP METALS LTD | [PLG](https://holderbook.com/stocks/PLG/) | $1.5M | 883,365 | 0.4% | 19 |
| SPOTIFY USA INC | - | $1.4M | 1,500,000 | 0.4% | 9 |
| MAG SILVER CORP | [MAG](https://holderbook.com/stocks/MAG/) | $1.3M | 114,000 | 0.4% | 19 |
| ETSY INC | - | $1.2M | 1,250,000 | 0.3% | 4 |
| JAZZ INVESTMENTS I LTD | - | $1.2M | 1,250,000 | 0.3% | 2 |
| AIRBNB INC | - | $1.1M | 1,250,000 | 0.3% | 10 |
| DEXCOM INC | - | $751.4K | 750,000 | 0.2% | 4 |
| MARRIOTT VACATIONS WORLDWIDE | - | $689.2K | 750,000 | 0.2% | 6 |
| GOLD RESOURCE CORP | [GORO](https://holderbook.com/stocks/GORO/) | $118.0K | 315,978 | 0.0% | 11 |
| GREENFIRE RES LTD NEW | [GFR](https://holderbook.com/stocks/GFR/) | $74.9K | 11,051 | 0.0% | 4 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q1 2024 | +0.7% | +10.0% | -9.3% | 64% |
| Q4 2020 | +21.3% | +11.6% | +9.7% | 77% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2024 | $367.3M | 44 |
| Q1 2024 | $388.4M | 47 |
| Q4 2023 | $998.6M | 68 |
| Q3 2023 | $999.8M | 76 |
| Q2 2023 | $831.5M | 71 |
| Q1 2023 | $803.7M | 71 |
| Q4 2022 | $762.7M | 77 |
| Q3 2022 | $860.4M | 92 |
| Q2 2022 | $1.9B | 94 |
| Q1 2022 | $1.4B | 112 |
| Q4 2021 | $1.6B | 109 |
| Q3 2021 | $1.7B | 121 |