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March was a volatile month where the market was driven back and forth by the development of long-term interest rates. We are now happy that we have the month behind us and that we managed to create a positive development in the fund. We are now entering April and Q1 reporting season. Expectations are high for the quarter and most of the focus will be on the companies' comments about developments during the rest of the year. The second quarter has one week less than the first quarter and has significantly tougher comparative figures due to all the lockdowns last year. The market will primarily look at the expected growth during Q2.
We were not completely satisfied with the volatility that arose in the portfolio during March and corrected the risk somewhat by primarily selling stocks with the highest volatility and reducing the general market correlation in the portfolio.
The data points we have collected during the quarter show a strong quarter for our esports companies. In gaming, all platforms are growing strongly. We have already seen one of our main holdings Activision Blizzard come out and state that the quarter meets or beats their previous guidance. We also think Zynga and Nintendo will have strong quarters. However, the comparison within gaming will be significantly tougher now from the second quarter when the world entered into COVID lockdowns.
Finserve Global Esports went up 1,42% during March.