First Quadrant’s BGC Group BGC Stock Holding History

First Quadrant’s Portfolio BGC Stock Details BGC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q3	–	Sell	-742,141	Closed	-$5.4M	–	838
2018 Q2	$5.4M	Sell	742,141 -1,868,898	-72%	-$14.9M	0.1%	225
2018 Q1	$22.6M	Buy	2,611,039 +1,198,656	+85%	+$10.8M	0.43%	75
2017 Q4	$13.7M	Buy	1,412,383 +1,005,398	+247%	+$10.1M	0.26%	136
2017 Q3	$3.79M	Buy	+406,985	New	+$3.4M	0.07%	276

Other funds holding BGC

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Principal Financial Group Des Moines, Iowa $204B AUM 27.99% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Point72 Asset Management Stamford, Connecticut $90.7B AUM 77.13% 1-Year Est. Return

CCMLC

Cardinal Capital Management LLC (Connecticut) Greenwich, Connecticut $365M AUM 18.32% 1-Year Est. Return

RJA

Raymond James & Associates St Petersburg, Florida $164B AUM 33.91% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Renaissance Technologies New York $72.6B AUM 54.88% 1-Year Est. Return

BBHC

Brown Brothers Harriman & Co New York $22.8B AUM 25.09% 1-Year Est. Return

First Quadrant's BGC Position: Q3 2018 in Review

First Quadrant sold out of BGC Group (BGC) in Q3 2018, closing a stake of 742,141 shares — an estimated $5.4M sold.

First Quadrant first reported a position in BGC in Q3 2017 and held it in 4 quarters. The position peaked at $22.6M in Q1 2018. 276 funds tracked by Wall St. Rank hold BGC as of Q3 2018.

First Quadrant reported no remaining BGC Group position as of Q3 2018 after selling out during the quarter.
First Quadrant sold 742,141 BGC Group shares in Q3 2018, an estimated $5.4M.
First Quadrant first reported a position in BGC Group in Q3 2017 and held it in 4 quarters.
First Quadrant's BGC Group position peaked at $22.6M in Q1 2018.
276 funds tracked by Wall St. Rank held BGC Group as of Q3 2018.

Based on First Quadrant's 13F filing for Q3 2018, filed 23 Oct 2018.