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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 | |
|---|---|---|---|---|---|---|
326
Pilgrim's Pride
PPC
$7.13B
| $445K | 0.04% |
13,900
| – | – |
|
327
Boeing
BA
$169B
| $442K | 0.04% |
1,161
-5,010
| -81% | -$1.79M |
|
328
Helix Energy Solutions
HLX
$1.34B
| $442K | 0.04% |
54,800
| – | – |
|
329
HNI Corp
HNI
$3.08B
| $440K | 0.04% |
12,390
-5,346
| -30% | -$177K |
|
330
Sherwin-Williams
SHW
$83.5B
| $440K | 0.04% |
2,400
| – | – |
|
331
Graham Holdings Company
GHC
$5.31B
| $439K | 0.04% |
662
| – | – |
|
332
OraSure Technologies
OSUR
$273M
| $434K | 0.04% |
58,121
+49,100
| +544% | +$384K |
|
333
Element Solutions
ESI
$8.48B
| $425K | 0.04% |
41,758
| – | – |
|
334
Essex Property Trust
ESS
$19.1B
| $425K | 0.04% |
1,300
| – | – |
|
335
Wynn Resorts
WYNN
$10.3B
| $425K | 0.04% |
3,905
| – | – |
|
336
REX American Resources
REX
$1.39B
| $423K | 0.04% |
33,264
| – | – |
|
|
PZN
337
DELISTED
Pzena Investment Management, Inc. Class A
PZN
| $419K | 0.04% |
46,997
-82,803
| -64% | -$688K |
|
338
Stepan Co
SCL
$1.5B
| $418K | 0.04% |
4,307
-429
| -9% | -$40.7K |
|
339
AGNC Investment
AGNC
$12.7B
| $417K | 0.04% |
25,936
| – | – |
|
340
Watts Water Technologies
WTS
$11.2B
| $407K | 0.04% |
+4,341
| New | +$403K |
|
|
TBI
341
Trueblue
TBI
$227M
| $400K | 0.04% |
18,979
-21,760
| -53% | -$450K |
|
342
O'Reilly Automotive
ORLY
$75.1B
| $399K | 0.04% |
15,000
-15,765
| -51% | -$407K |
|
343
First Hawaiian
FHB
$3.41B
| $397K | 0.04% |
14,879
+617
| +4% | +$16K |
|
344
Exelixis
EXEL
$13.9B
| $392K | 0.04% |
22,177
+17,510
| +375% | +$354K |
|
|
AMED
345
DELISTED
Amedisys
AMED
| $382K | 0.04% |
2,918
-3,641
| -56% | -$474K |
|
346
John B. Sanfilippo & Son
JBSS
$986M
| $375K | 0.04% |
3,887
-571
| -13% | -$49.6K |
|
347
Nu Skin
NUS
$257M
| $375K | 0.04% |
8,806
-13,738
| -61% | -$576K |
|
348
Medpace
MEDP
$16.3B
| $374K | 0.04% |
4,451
-578
| -11% | -$43.7K |
|
349
Erie Indemnity
ERIE
$13B
| $371K | 0.03% |
2,000
| – | – |
|
350
Ameriprise Financial
AMP
$47.8B
| $368K | 0.03% |
2,500
| – | – |
|
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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.