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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
Cap. Flow
-$2.84B
Cap. Flow %
-229.02%
Top 10 Hldgs %
25.78%
Holding
912
New
82
Increased
112
Reduced
260
Closed
114

Top Buys

Rank Stock Value
1
CI icon
Cigna
CI
+$3.47M
2
CVS icon
CVS Health
CVS
+$2.91M
3
LXP icon
LXP Industrial Trust
LXP
+$1.42M
4
REXR icon
Rexford Industrial Realty
REXR
+$1.26M
5
CLDT
Chatham Lodging
CLDT
+$995K

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$79.7M
2
MSFT icon
Microsoft
MSFT
+$67.1M
3
VNQ icon
Vanguard Real Estate ETF
VNQ
+$55.2M
4
AMZN icon
Amazon
AMZN
+$55.1M
5
UNH icon
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
HL icon
276
Hecla Mining
HL
$9.49B
$757K 0.06%
320,700
– –
MCFT icon
277
MasterCraft Boat Holdings
MCFT
$596M
$739K 0.06%
39,535
+9,543
+32% +$265K
MO icon
278
Altria Group
MO
$125B
$734K 0.06%
14,859
+7,459
+101% +$432K
ALXN
279
DELISTED
Alexion Pharmaceuticals
ALXN
$730K 0.06%
7,497
– –
LEXEA
280
DELISTED
Liberty Expedia Holdings, Inc. Class A Common Stock
LEXEA
$728K 0.06%
18,604
-1,712
-8% -$71.3K
LSXMA
281
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
$723K 0.06%
27,207
-76
-0.3% -$2.19K
COR icon
282
Cencora
COR
$62B
$722K 0.06%
9,710
– –
IDA icon
283
Idacorp
IDA
$8B
$721K 0.06%
7,749
-70,302
-90% -$6.87M
OGE icon
284
OGE Energy
OGE
$9.87B
$720K 0.06%
18,377
-478,031
-96% -$18.3M
RHP icon
285
Ryman Hospitality Properties
RHP
$8.56B
$718K 0.06%
10,765
-4,631
-30% -$347K
STT icon
286
State Street
STT
$48.4B
$715K 0.06%
11,333
– –
WBS icon
287
Webster Financial
WBS
$12.3B
$710K 0.06%
14,400
– –
CME icon
288
CME Group
CME
$95.4B
$708K 0.06%
3,764
– –
SEB icon
289
Seaboard Corp
SEB
$4.39B
$708K 0.06%
200
– –
THG icon
290
Hanover Insurance
THG
$8.13B
$707K 0.06%
6,055
-106,911
-95% -$12M
CL icon
291
Colgate-Palmolive
CL
$74.8B
$702K 0.06%
11,800
– –
LFUS icon
292
Littelfuse
LFUS
$10.4B
$701K 0.06%
4,090
– –
HMSY
293
DELISTED
HMS Holdings Corp.
HMSY
$700K 0.06%
24,901
+21,639
+663% +$700K
DGX icon
294
Quest Diagnostics
DGX
$26B
$699K 0.06%
8,400
– –
HQY icon
295
HealthEquity
HQY
$8.71B
$696K 0.06%
11,664
-185,121
-94% -$14.9M
QCOM icon
296
Qualcomm
QCOM
$164B
$694K 0.06%
12,199
– –
CNR
297
Core Natural Resources Inc
CNR
$3.93B
$694K 0.06%
21,898
-2,017
-8% -$74.1K
ITG
298
DELISTED
Investment Technology Group Inc
ITG
$689K 0.06%
22,783
-22,099
-49% -$634K
UTHR icon
299
United Therapeutics
UTHR
$26.1B
$686K 0.06%
6,300
– –
LGND icon
300
Ligand Pharmaceuticals
LGND
$5.77B
$684K 0.06%
8,079
-1,693
-17% -$180K
10 11
12
13 14

Similar funds

BC
Blackcrane Capital Bellevue, Washington $16.3M AUM 19.53% 1-Year Est. Return
SCM
SunTx Capital Management Dallas, Texas $21.3M AUM 12.38% 1-Year Est. Return
CFG
Claremont Financial Group Claremont, California $23.4M AUM
AG
Aravt Global New York $11.3M AUM 3.78% 1-Year Est. Return
YEPV
Yorktown Energy Partners V New York $5.41M AUM
WIA
Wealthstreet Investment Advisors Dallas, Texas $3.71M AUM 13.1% 1-Year Est. Return
LSM
Light Sky Macro New York $1.34M AUM
FFIM
Founders Fund IV Management San Francisco, California $1.21M AUM

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.