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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 | |
|---|---|---|---|---|---|---|
|
NP
276
DELISTED
Neenah, Inc. Common Stock
NP
| $463K | 0.07% |
+10,745
| New | +$636K |
|
277
Cigna
CI
$73.8B
| $462K | 0.07% |
2,606
+1,306
| +100% | +$253K |
|
278
Advance Auto Parts
AAP
$3.35B
| $457K | 0.07% |
4,900
-126
| -3% | -$16.3K |
|
279
Corteva
CTVA
$52.6B
| $457K | 0.07% |
19,466
| – | – |
|
|
REGI
280
DELISTED
Renewable Energy Group, Inc.
REGI
| $455K | 0.07% |
+22,147
| New | +$561K |
|
281
NNN REIT
NNN
$9.04B
| $452K | 0.07% |
14,036
+9,045
| +181% | +$454K |
|
282
NRC Health Common Stock
NRC
$432M
| $450K | 0.07% |
9,892
-13,579
| -58% | -$816K |
|
283
Aon
AON
$76.5B
| $445K | 0.06% |
+2,696
| New | +$552K |
|
284
RE/MAX Holdings
RMAX
$193M
| $442K | 0.06% |
20,147
+16,864
| +514% | +$550K |
|
285
Plexus
PLXS
$6.72B
| $439K | 0.06% |
+8,039
| New | +$542K |
|
286
Tesla
TSLA
$1.23T
| $435K | 0.06% |
+12,450
| New | +$516K |
|
287
Truist Financial
TFC
$63.3B
| $425K | 0.06% |
13,796
-250
| -2% | -$11.8K |
|
288
Everest Group
EG
$14.5B
| $423K | 0.06% |
2,200
| – | – |
|
289
Emcor
EME
$35.2B
| $423K | 0.06% |
6,900
| – | – |
|
|
PZN
290
DELISTED
Pzena Investment Management, Inc. Class A
PZN
| $421K | 0.06% |
94,292
+67,542
| +252% | +$475K |
|
|
AAWW
291
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $421K | 0.06% |
+16,388
| New | +$410K |
|
292
Farmers National Banc Corp
FMNB
$939M
| $420K | 0.06% |
36,113
+34,078
| +1,675% | +$505K |
|
293
CorVel
CRVL
$3.06B
| $418K | 0.06% |
22,986
-30,237
| -57% | -$786K |
|
|
MCBC
294
DELISTED
Macatawa Bank Corp
MCBC
| $414K | 0.06% |
+58,133
| New | +$561K |
|
295
Sherwin-Williams
SHW
$82.7B
| $413K | 0.06% |
2,694
+294
| +12% | +$53K |
|
296
Omnicell
OMCL
$1.61B
| $412K | 0.06% |
6,284
+1,866
| +42% | +$149K |
|
297
Schneider National
SNDR
$6.26B
| $408K | 0.06% |
+21,077
| New | +$437K |
|
|
AD
298
Array Digital Infrastructure
AD
$3.01B
| $407K | 0.06% |
13,900
| – | – |
|
299
Mid-America Apartment Communities
MAA
$15.4B
| $401K | 0.06% |
3,894
| – | – |
|
300
Visteon
VC
$2.79B
| $398K | 0.06% |
8,303
| – | – |
|
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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.