CQS (US), LLC
Registered adviserRegulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Jul 2026 to Oct 2026 | $5,492,827,024 | Pooled investment vehicles (85%) |
| Jul 2025 to Jun 2026 | $2,962,844,594 | Diversified |
| Sep 2024 to Jun 2025 | $3,551,255,917 | Diversified |
| Aug 2024 | $894,568,575 | Pooled investment vehicles (83%) |
| Jul 2023 to Jul 2024 | $1,546,258,238 | Pooled investment vehicles (91%) |
| May 2023 to Jun 2023 | $3,493,399,231 | Pooled investment vehicles (95%) |
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2024, never from the firm's own description.
Closest benchmark: every 13F filer's combined book, active share 99.7%; sector active share 93.5% against the combined 13F book's sector weights.
Over time 18 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
15 tracked positions · as of Jun 30, 2024 · Δ vs Mar 31, 2024Portfolio Trend
Sector Breakdown
As of Jun 30, 2024| Sector | % Portfolio | Value |
|---|---|---|
| Energy | 84.1% | $59,410,334 |
| Basic Materials | 15.9% | $11,216,409 |
| Unclassified | 0.0% | $0 |
Last Quarter's Activity
Export CSVTrimmed
Positions the filer reduced| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| FANG | Diamondback Energy, Inc. | −3,000 | 35,700 | $7,146,783 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| EQX | Equinox Gold Corp. | 600,000 | $3,138,000 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| — | 10,000 | $0 | ||
| No positions match the current search. | ||||
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| URG |
Ur-Energy Inc
Energy
|
Added | 12,223,939 | $17,113,514 | 24.23% | |
| UEC |
Uranium Energy Corp
Energy
|
Held | 1,599,865 | $9,615,188 | 13.61% | |
| FANG |
Diamondback Energy, Inc.
Energy
|
Reduced | 35,700 | $7,146,783 | 10.12% | |
| RIG |
Transocean Ltd.
Energy
|
Held | 1,295,000 | $6,928,250 | 9.81% | |
| CCJ |
Cameco Corp
Energy
|
Held | 135,000 | $6,642,000 | 9.40% | |
| EOG |
Eog Resources Inc
Energy
|
Held | 42,600 | $5,362,062 | 7.59% | |
| WPM |
Wheaton Precious Metals Corp.
Basic Materials
|
Held | 76,000 | $3,983,920 | 5.64% | |
| UUUU |
Energy Fuels Inc
Energy
|
Held | 602,697 | $3,652,343 | 5.17% | |
| EQX |
Equinox Gold Corp.
Basic Materials
|
NEW | 600,000 | $3,138,000 | 4.44% | |
| BTU |
Peabody Energy Corp
Energy
|
Held | 130,000 | $2,875,600 | 4.07% | |
| SGML |
Sigma Lithium Corp
Basic Materials
|
Added | 215,000 | $2,586,450 | 3.66% | |
| PLG |
Platinum Group Metals Ltd
Basic Materials
|
Held | 883,365 | $1,501,720 | 2.13% | |
| GFR |
Greenfire Resources Ltd.
Energy
|
Held | 11,051 | $74,594 | 0.11% | |
| GORO |
Goldgroup Mining Inc.
Basic Materials
|
Held | 315,978 | $6,319 | 0.01% | |
|
|
Held | 114,000 | $0 | 0.00% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.