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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 | |
|---|---|---|---|---|---|---|
251
M/I Homes
MHO
$3.95B
| $836K | 0.08% |
22,196
-8,993
| -29% | -$309K |
|
252
Advance Auto Parts
AAP
$3.53B
| $810K | 0.08% |
4,900
-6,733
| -58% | -$1.01M |
|
253
FirstEnergy
FE
$28.4B
| $810K | 0.08% |
16,801
| – | – |
|
254
Manhattan Associates
MANH
$11.9B
| $799K | 0.08% |
9,900
| – | – |
|
|
UCB
255
United Community Banks
UCB
$4.26B
| $795K | 0.07% |
28,044
-35,556
| -56% | -$975K |
|
|
HMSY
256
DELISTED
HMS Holdings Corp.
HMSY
| $795K | 0.07% |
23,060
+2,523
| +12% | +$91.2K |
|
257
Extra Space Storage
EXR
$32.3B
| $786K | 0.07% |
6,731
| – | – |
|
|
LSXMA
258
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $780K | 0.07% |
25,986
-254
| -1% | -$7.42K |
|
259
Charles River Laboratories
CRL
$11.3B
| $769K | 0.07% |
5,811
-110
| -2% | -$14.7K |
|
|
MGLN
260
DELISTED
Magellan Health Services, Inc.
MGLN
| $769K | 0.07% |
12,391
| – | – |
|
261
Medifast
MED
$107M
| $754K | 0.07% |
7,275
-135
| -2% | -$14.5K |
|
262
Exponent
EXPO
$3.19B
| $751K | 0.07% |
10,746
-26,240
| -71% | -$1.77M |
|
263
Duke Energy
DUK
$101B
| $748K | 0.07% |
7,800
| – | – |
|
264
TriNet
TNET
$3.23B
| $745K | 0.07% |
11,974
-2,482
| -17% | -$169K |
|
265
Broadcom
AVGO
$1.76T
| $743K | 0.07% |
26,920
-105,060
| -80% | -$2.99M |
|
|
CSGS
266
DELISTED
CSG Systems International
CSGS
| $742K | 0.07% |
14,357
-4,543
| -24% | -$233K |
|
|
RJET
267
Republic Airways Holdings
RJET
$845M
| $729K | 0.07% |
7,208
+6,946
| +2,651% | +$844K |
|
268
ePlus
PLUS
$2.43B
| $710K | 0.07% |
18,662
-13,542
| -42% | -$522K |
|
|
ABMD
269
DELISTED
Abiomed Inc
ABMD
| $710K | 0.07% |
3,990
| – | – |
|
|
HES
270
DELISTED
Hess
HES
| $708K | 0.07% |
11,700
| – | – |
|
271
McKesson
MCK
$104B
| $698K | 0.07% |
5,106
-144
| -3% | -$20.4K |
|
272
Autodesk
ADSK
$51.8B
| $694K | 0.07% |
4,700
| – | – |
|
273
LyondellBasell Industries
LYB
$19.5B
| $689K | 0.06% |
7,700
| – | – |
|
274
Asbury Automotive
ABG
$4.62B
| $686K | 0.06% |
6,700
-5,400
| -45% | -$499K |
|
275
Avery Dennison
AVY
$12.8B
| $686K | 0.06% |
6,043
| – | – |
|
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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.