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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
-18.18%
1 Year Est. Return
+24.2%
3 Year Est. Return
+90.61%
5 Year Est. Return
+144.35%
10 Year Est. Return
–
AUM
$687M
AUM Growth
-$508M
(-43%)
Cap. Flow
-$296M
Cap. Flow
% of AUM
-43.04%
Top 10 Holdings %
Top 10 Hldgs %
24.56%
Holding
709
New
141
Increased
123
Reduced
198
Closed
74
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Robert Half
RHI
|
+$5.73M |
| 2 |
ProPetro Holding
PUMP
|
+$5.7M |
| 3 |
UnitedHealth
UNH
|
+$5.11M |
| 4 |
Eli Lilly
LLY
|
+$4.53M |
| 5 |
Mastercard
MA
|
+$4.48M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Real Estate ETF
VNQ
|
+$203M |
| 2 |
Vanguard Global ex-US Real Estate ETF
VNQI
|
+$21.4M |
| 3 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$12.1M |
| 4 |
iShares TIPS Bond ETF
TIP
|
+$6.75M |
| 5 |
Silgan Holdings
SLGN
|
+$5.44M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.06% |
| 2 | Healthcare | 14.62% |
| 3 | Financials | 13.23% |
| 4 | Consumer Discretionary | 11.01% |
| 5 | Communication Services | 8.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
TriNet
TNET
$3.02B
| $553K | 0.08% |
14,677
+8,214
| +127% | +$428K |
|
|
Y
252
DELISTED
Alleghany Corp
Y
| $552K | 0.08% |
1,000
-300
| -23% | -$216K |
|
253
Caterpillar
CAT
$375B
| $550K | 0.08% |
4,738
| – | – |
|
254
American Water Works
AWK
$26.7B
| $544K | 0.08% |
4,551
| – | – |
|
255
CarMax
KMX
$8.13B
| $544K | 0.08% |
10,100
| – | – |
|
|
HMSY
256
DELISTED
HMS Holdings Corp.
HMSY
| $544K | 0.08% |
21,531
+352
| +2% | +$9.17K |
|
257
Air Products & Chemicals
APD
$65.7B
| $539K | 0.08% |
2,700
-2,800
| -51% | -$638K |
|
|
UCB
258
United Community Banks
UCB
$4.24B
| $513K | 0.07% |
28,044
| – | – |
|
259
Hanover Insurance
THG
$8.1B
| $512K | 0.07% |
5,653
+3,776
| +201% | +$467K |
|
260
Alaska Air
ALK
$5.29B
| $511K | 0.07% |
17,956
+300
| +2% | +$16.3K |
|
261
Extra Space Storage
EXR
$31.3B
| $510K | 0.07% |
5,331
-1,400
| -21% | -$146K |
|
262
Public Service Enterprise Group
PEG
$38.2B
| $497K | 0.07% |
+11,065
| New | +$598K |
|
263
Akamai
AKAM
$16.7B
| $494K | 0.07% |
5,400
-1,132
| -17% | -$105K |
|
264
Manhattan Associates
MANH
$11.2B
| $493K | 0.07% |
9,900
| – | – |
|
265
Acushnet Holdings
GOLF
$5.93B
| $492K | 0.07% |
+19,148
| New | +$550K |
|
266
Hamilton Lane
HLNE
$4.91B
| $489K | 0.07% |
+8,848
| New | +$552K |
|
267
Align Technology
ALGN
$12.1B
| $487K | 0.07% |
2,800
| – | – |
|
268
Capital One
COF
$128B
| $485K | 0.07% |
9,627
-3,600
| -27% | -$317K |
|
269
PBF Energy
PBF
$8.57B
| $484K | 0.07% |
+68,403
| New | +$1.54M |
|
270
Cboe Global Markets
CBOE
$32.5B
| $482K | 0.07% |
5,395
| – | – |
|
271
Vanda Pharmaceuticals
VNDA
$307M
| $481K | 0.07% |
+46,460
| New | +$576K |
|
272
Ironwood Pharmaceuticals
IRWD
$696M
| $478K | 0.07% |
47,400
-12,195
| -20% | -$143K |
|
273
Delta Air Lines
DAL
$57.5B
| $476K | 0.07% |
16,675
| – | – |
|
274
Americold
COLD
$4.02B
| $472K | 0.07% |
+13,855
| New | +$464K |
|
275
BWX Technologies
BWXT
$15.5B
| $468K | 0.07% |
9,602
-11,223
| -54% | -$667K |
|
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First Quadrant's Q1 2020 Portfolio in Review
As of Q1 2020, First Quadrant held 709 positions worth $687M, down 43% from $1.2B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
First Quadrant withdrew a net $296M in Q1 2020, closing 74 positions and reducing 198 holdings. Its most notable exit was Vanguard Real Estate ETF, an estimated $203M position sold in full.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 14% a quarter earlier, followed by Healthcare and Financials.
Against the trend, First Quadrant opened a new position in Robert Half worth $3.99M.
- First Quadrant's largest Q1 2020 buy was Robert Half: 105,786 shares worth $3.99M.
- First Quadrant added most to ProPetro Holding in Q1 2020, an estimated $5.7M increase.
- First Quadrant's biggest Q1 2020 reduction was iShares iBoxx $ High Yield Corporate Bond ETF, cutting an estimated $12.1M.
- First Quadrant fully exited Vanguard Real Estate ETF in Q1 2020, selling an estimated $203M.
- First Quadrant's ten largest holdings make up 25% of its $687M portfolio in Q1 2020.
- First Quadrant opened 141 new positions and closed 74 in Q1 2020.
- First Quadrant's portfolio value fell 43% quarter-over-quarter to $687M.
Based on First Quadrant's 13F filing for Q1 2020, filed 5 May 2020.