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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 | |
|---|---|---|---|---|---|---|
326
Monster Beverage
MNST
$94.3B
| $345K | 0.05% |
12,252
-41,878
| -77% | -$1.35M |
|
327
AGNC Investment
AGNC
$12.4B
| $343K | 0.05% |
32,436
| – | – |
|
328
PepsiCo
PEP
$190B
| $342K | 0.05% |
2,847
+171
| +6% | +$23.1K |
|
329
The RMR Group
RMR
$325M
| $335K | 0.05% |
12,434
-127,997
| -91% | -$4.96M |
|
|
KBAL
330
DELISTED
Kimball International
KBAL
| $334K | 0.05% |
28,024
-26,319
| -48% | -$438K |
|
331
Lincoln Electric
LECO
$14.3B
| $332K | 0.05% |
+4,816
| New | +$413K |
|
|
LSXMA
332
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $332K | 0.05% |
14,486
-11,500
| -44% | -$363K |
|
333
Eversource Energy
ES
$26.9B
| $328K | 0.05% |
4,190
| – | – |
|
|
OPTU
334
Optimum Communications Inc
OPTU
$298M
| $326K | 0.05% |
14,618
-37,315
| -72% | -$974K |
|
335
Ingevity
NGVT
$2.54B
| $325K | 0.05% |
+9,246
| New | +$540K |
|
336
US Bancorp
USB
$98.2B
| $324K | 0.05% |
9,400
| – | – |
|
|
NGHC
337
DELISTED
National General Holdings Corp
NGHC
| $324K | 0.05% |
19,599
-177,758
| -90% | -$3.56M |
|
338
NMI Holdings
NMIH
$3.37B
| $322K | 0.05% |
27,760
-56,086
| -67% | -$1.48M |
|
339
Centene
CNC
$30.7B
| $316K | 0.05% |
+5,321
| New | +$323K |
|
|
BERY
340
DELISTED
Berry Global Group, Inc.
BERY
| $314K | 0.05% |
10,128
-4,900
| -33% | -$180K |
|
341
Pediatrix Medical
MD
$2.18B
| $310K | 0.05% |
26,652
+24,852
| +1,381% | +$513K |
|
342
Cognizant
CTSH
$24.9B
| $309K | 0.05% |
+6,646
| New | +$396K |
|
343
Four Corners Property Trust
FCPT
$2.81B
| $307K | 0.04% |
16,400
-15,300
| -48% | -$413K |
|
344
Illumina
ILMN
$31B
| $303K | 0.04% |
1,140
+729
| +177% | +$204K |
|
345
Amkor Technology
AMKR
$12.4B
| $302K | 0.04% |
+38,777
| New | +$421K |
|
346
Lantheus
LNTH
$6.49B
| $302K | 0.04% |
23,698
+6,038
| +34% | +$96.5K |
|
347
O'Reilly Automotive
ORLY
$72.9B
| $301K | 0.04% |
15,000
| – | – |
|
348
Watts Water Technologies
WTS
$11.5B
| $301K | 0.04% |
3,554
| – | – |
|
|
RJET
349
Republic Airways Holdings
RJET
$967M
| $300K | 0.04% |
6,078
-6,315
| -51% | -$646K |
|
350
Duke Energy
DUK
$97.8B
| $299K | 0.04% |
3,700
| – | – |
|
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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.