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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
-12.43%
1 Year Est. Return
+24.2%
3 Year Est. Return
+90.61%
5 Year Est. Return
+144.35%
10 Year Est. Return
–
AUM
$1.24B
AUM Growth
-$3.26B
(-72%)
Cap. Flow
-$2.84B
Cap. Flow
% of AUM
-229.02%
Top 10 Holdings %
Top 10 Hldgs %
25.78%
Holding
912
New
82
Increased
112
Reduced
260
Closed
114
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cigna
CI
|
+$3.47M |
| 2 |
CVS Health
CVS
|
+$2.91M |
| 3 |
LXP Industrial Trust
LXP
|
+$1.42M |
| 4 |
Rexford Industrial Realty
REXR
|
+$1.26M |
| 5 |
CLDT
Chatham Lodging
CLDT
|
+$995K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$79.7M |
| 2 |
Microsoft
MSFT
|
+$67.1M |
| 3 |
Vanguard Real Estate ETF
VNQ
|
+$55.2M |
| 4 |
Amazon
AMZN
|
+$55.1M |
| 5 |
UnitedHealth
UNH
|
+$40.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.46% |
| 2 | Technology | 14.16% |
| 3 | Healthcare | 13.85% |
| 4 | Industrials | 11.28% |
| 5 | Consumer Discretionary | 9.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Cabot Corp
CBT
$4.72B
| $1.08M | 0.09% |
25,178
-79,650
| -76% | -$3.97M |
|
227
Huntington Bancshares
HBAN
$34B
| $1.07M | 0.09% |
90,158
| – | – |
|
228
The RMR Group
RMR
$335M
| $1.07M | 0.09% |
20,172
-5,401
| -21% | -$382K |
|
|
DNB
229
DELISTED
Dun & Bradstreet
DNB
| $1.07M | 0.09% |
7,500
| – | – |
|
230
Future Fuel
FF
$205M
| $1.06M | 0.09% |
66,659
+46,186
| +226% | +$769K |
|
231
TriNet
TNET
$3.23B
| $1.05M | 0.08% |
25,090
-205
| -0.8% | -$9.44K |
|
232
Stryker
SYK
$135B
| $1.05M | 0.08% |
6,700
| – | – |
|
233
Intuit
INTU
$91.1B
| $1.03M | 0.08% |
5,232
-103,388
| -95% | -$21.5M |
|
234
Monster Beverage
MNST
$95.1B
| $1.01M | 0.08% |
41,214
+7,562
| +22% | +$205K |
|
235
Nasdaq
NDAQ
$53.4B
| $1.01M | 0.08% |
37,200
| – | – |
|
|
MODV
236
DELISTED
ModivCare
MODV
| $1.01M | 0.08% |
16,817
-3,683
| -18% | -$244K |
|
|
TECD
237
DELISTED
Tech Data Corp
TECD
| $1.01M | 0.08% |
12,309
+2,033
| +20% | +$154K |
|
238
Capital One
COF
$128B
| $1M | 0.08% |
13,227
| – | – |
|
239
Hyatt Hotels
H
$17.5B
| $978K | 0.08% |
14,467
| – | – |
|
240
American Homes 4 Rent
AMH
$12.1B
| $969K | 0.08% |
48,800
+36,900
| +310% | +$755K |
|
241
Deluxe
DLX
$1.25B
| $960K | 0.08% |
24,968
-1,985
| -7% | -$94.7K |
|
242
Visteon
VC
$2.85B
| $952K | 0.08% |
15,800
| – | – |
|
243
Acuity Brands
AYI
$9.99B
| $945K | 0.08% |
8,223
| – | – |
|
244
Arch Capital
ACGL
$35.7B
| $937K | 0.08% |
35,054
-46
| -0.1% | -$1.27K |
|
245
Salesforce
CRM
$154B
| $937K | 0.08% |
6,840
-54,381
| -89% | -$7.48M |
|
|
Y
246
DELISTED
Alleghany Corp
Y
| $935K | 0.08% |
1,500
-100
| -6% | -$61.6K |
|
247
Lear
LEA
$7.39B
| $934K | 0.08% |
7,600
| – | – |
|
|
CHSP
248
DELISTED
Chesapeake Lodging Trust
CHSP
| $932K | 0.08% |
38,292
+25,704
| +204% | +$741K |
|
249
Medifast
MED
$107M
| $930K | 0.07% |
7,439
-513
| -6% | -$87.7K |
|
|
DNR
250
DELISTED
Denbury Resources, Inc.
DNR
| $922K | 0.07% |
539,137
+42,515
| +9% | +$146K |
|
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First Quadrant's Q4 2018 Portfolio in Review
As of Q4 2018, First Quadrant held 912 positions worth $1.24B, down 72% from $4.5B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
First Quadrant withdrew a net $2.84B in Q4 2018, closing 114 positions and reducing 260 holdings. Its most notable exit was S&P Global, an estimated $21.8M position sold in full.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 14% a quarter earlier, followed by Technology and Healthcare.
Against the trend, First Quadrant opened a new position in LXP Industrial Trust worth $1.41M.
- First Quadrant's largest Q4 2018 buy was LXP Industrial Trust: 34,392 shares worth $1.41M.
- First Quadrant added most to Cigna in Q4 2018, an estimated $3.47M increase.
- First Quadrant's biggest Q4 2018 reduction was Apple, cutting an estimated $79.7M.
- First Quadrant fully exited S&P Global in Q4 2018, selling an estimated $21.8M.
- First Quadrant's ten largest holdings make up 26% of its $1.24B portfolio in Q4 2018.
- First Quadrant opened 82 new positions and closed 114 in Q4 2018.
- First Quadrant's portfolio value fell 72% quarter-over-quarter to $1.24B.
Based on First Quadrant's 13F filing for Q4 2018, filed 24 Jan 2019.