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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
+3.45%
1 Year Est. Return
+24.2%
3 Year Est. Return
+90.61%
5 Year Est. Return
+144.35%
10 Year Est. Return
–
AUM
$1.06B
AUM Growth
-$377M
(-26%)
Cap. Flow
-$409M
Cap. Flow
% of AUM
-38.51%
Top 10 Holdings %
Top 10 Hldgs %
27.28%
Holding
733
New
39
Increased
98
Reduced
269
Closed
154
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sunstone Hotel Investors
SHO
|
+$7.98M |
| 2 |
Idacorp
IDA
|
+$7.48M |
| 3 |
First Industrial Realty Trust
FR
|
+$6.91M |
| 4 |
Essent Group
ESNT
|
+$6.26M |
| 5 |
eBay
EBAY
|
+$6.05M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Real Estate ETF
VNQ
|
+$32.9M |
| 2 |
Mastercard
MA
|
+$16.9M |
| 3 |
Thermo Fisher Scientific
TMO
|
+$11.9M |
| 4 |
Microsoft
MSFT
|
+$11.2M |
| 5 |
JPMorgan Chase
JPM
|
+$10.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 14.95% |
| 2 | Technology | 14.15% |
| 3 | Consumer Discretionary | 10.75% |
| 4 | Healthcare | 10.26% |
| 5 | Industrials | 8.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Netflix
NFLX
$307B
| $1.02M | 0.1% |
38,190
-260
| -0.7% | -$8.13K |
|
227
Ally Financial
ALLY
$13.1B
| $1.02M | 0.1% |
30,802
+10,119
| +49% | +$328K |
|
228
AutoZone
AZO
$51.3B
| $1.01M | 0.1% |
933
-6,877
| -88% | -$7.71M |
|
229
Progress Software
PRGS
$1.75B
| $997K | 0.09% |
26,207
-9,160
| -26% | -$368K |
|
230
Acuity Brands
AYI
$9.99B
| $996K | 0.09% |
7,391
-4,935
| -40% | -$643K |
|
231
Akamai
AKAM
$15.6B
| $987K | 0.09% |
10,800
| – | – |
|
|
ALXN
232
DELISTED
Alexion Pharmaceuticals
ALXN
| $980K | 0.09% |
10,010
-11,316
| -53% | -$1.28M |
|
233
Philip Morris
PM
$309B
| $968K | 0.09% |
12,751
-420
| -3% | -$33.3K |
|
234
Delta Air Lines
DAL
$56.7B
| $960K | 0.09% |
16,675
-1,644
| -9% | -$97.4K |
|
235
Booking.com
BKNG
$156B
| $956K | 0.09% |
12,175
+1,775
| +17% | +$137K |
|
236
HealthEquity
HQY
$8.71B
| $945K | 0.09% |
16,533
+1,506
| +10% | +$100K |
|
237
Centene
CNC
$30.5B
| $930K | 0.09% |
21,505
-343
| -2% | -$16.7K |
|
|
MXIM
238
DELISTED
Maxim Integrated Products
MXIM
| $900K | 0.08% |
+15,541
| New | +$901K |
|
239
Four Corners Property Trust
FCPT
$2.89B
| $896K | 0.08% |
31,700
| – | – |
|
240
Lear
LEA
$7.39B
| $896K | 0.08% |
7,600
| – | – |
|
241
Aecom
ACM
$9.46B
| $890K | 0.08% |
23,700
| – | – |
|
242
CarMax
KMX
$8.39B
| $889K | 0.08% |
10,100
| – | – |
|
243
Qualcomm
QCOM
$164B
| $885K | 0.08% |
11,600
| – | – |
|
|
TECD
244
DELISTED
Tech Data Corp
TECD
| $883K | 0.08% |
8,468
-1,808
| -18% | -$176K |
|
|
AT
245
DELISTED
Atlantic Power Corporation
AT
| $869K | 0.08% |
371,484
+223,620
| +151% | +$537K |
|
246
Dover
DOV
$26.7B
| $866K | 0.08% |
8,700
-19,441
| -69% | -$1.86M |
|
247
Intercontinental Exchange
ICE
$87.2B
| $866K | 0.08% |
9,390
-1,104
| -11% | -$101K |
|
248
Steel Dynamics
STLD
$36.2B
| $852K | 0.08% |
28,594
-14,510
| -34% | -$428K |
|
249
United Airlines
UAL
$38.8B
| $841K | 0.08% |
9,518
-31,766
| -77% | -$2.81M |
|
250
Entegris
ENTG
$16.3B
| $838K | 0.08% |
17,800
-72,500
| -80% | -$3.06M |
|
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FFIM
First Quadrant's Q3 2019 Portfolio in Review
As of Q3 2019, First Quadrant held 733 positions worth $1.06B, down 26% from $1.44B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
First Quadrant withdrew a net $409M in Q3 2019, closing 154 positions and reducing 269 holdings. Its most notable exit was Thermo Fisher Scientific, an estimated $11.9M position sold in full.
By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 16% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, First Quadrant opened a new position in Avient worth $5.75M.
- First Quadrant's largest Q3 2019 buy was Avient: 176,119 shares worth $5.75M.
- First Quadrant added most to Sunstone Hotel Investors in Q3 2019, an estimated $7.98M increase.
- First Quadrant's biggest Q3 2019 reduction was Vanguard Real Estate ETF, cutting an estimated $32.9M.
- First Quadrant fully exited Thermo Fisher Scientific in Q3 2019, selling an estimated $11.9M.
- First Quadrant's ten largest holdings make up 27% of its $1.06B portfolio in Q3 2019.
- First Quadrant opened 39 new positions and closed 154 in Q3 2019.
- First Quadrant's portfolio value fell 26% quarter-over-quarter to $1.06B.
Based on First Quadrant's 13F filing for Q3 2019, filed 25 Oct 2019.