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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
(-72%)
Cap. Flow
-$2.84B
Cap. Flow
% of AUM
-229.02%
Top 10 Holdings %
Top 10 Hldgs %
25.78%
Holding
912
New
82
Increased
112
Reduced
260
Closed
114
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cigna
CI
|
+$3.47M |
| 2 |
CVS Health
CVS
|
+$2.91M |
| 3 |
LXP Industrial Trust
LXP
|
+$1.42M |
| 4 |
Rexford Industrial Realty
REXR
|
+$1.26M |
| 5 |
CLDT
Chatham Lodging
CLDT
|
+$995K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$79.7M |
| 2 |
Microsoft
MSFT
|
+$67.1M |
| 3 |
Vanguard Real Estate ETF
VNQ
|
+$55.2M |
| 4 |
Amazon
AMZN
|
+$55.1M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
351
Cboe Global Markets
CBOE
$32.2B
| $528K | 0.04% |
5,395
| – | – |
|
|
CSII
352
DELISTED
Cardiovascular Systems, Inc.
CSII
| $526K | 0.04% |
18,475
+5,981
| +48% | +$190K |
|
353
Warrior Met Coal
HCC
$4.17B
| $524K | 0.04% |
+21,722
| New | +$555K |
|
354
Electronic Arts
EA
$52.7B
| $520K | 0.04% |
6,587
| – | – |
|
355
Wells Fargo
WFC
$254B
| $517K | 0.04% |
11,213
-114,172
| -91% | -$5.85M |
|
356
Lumentum
LITE
$46.9B
| $516K | 0.04% |
12,276
+12,002
| +4,380% | +$591K |
|
357
Diodes
DIOD
$3.5B
| $509K | 0.04% |
15,768
-5,503
| -26% | -$176K |
|
|
TWTR
358
DELISTED
Twitter, Inc.
TWTR
| $501K | 0.04% |
17,429
-42,954
| -71% | -$1.35M |
|
359
Madison Square Garden
MSGS
$9.59B
| $500K | 0.04% |
2,616
| – | – |
|
360
Medpace
MEDP
$16.3B
| $492K | 0.04% |
9,293
-416
| -4% | -$22.8K |
|
361
O'Reilly Automotive
ORLY
$75.1B
| $489K | 0.04% |
21,300
+6,300
| +42% | +$143K |
|
362
Dollar Tree
DLTR
$24.8B
| $488K | 0.04% |
5,400
-1,033
| -16% | -$87.2K |
|
363
International Bancshares
IBOC
$4.77B
| $485K | 0.04% |
14,110
+8,369
| +146% | +$322K |
|
|
SYNH
364
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $478K | 0.04% |
12,142
+10,318
| +566% | +$479K |
|
|
HES
365
DELISTED
Hess
HES
| $474K | 0.04% |
11,700
| – | – |
|
|
WCG
366
DELISTED
Wellcare Health Plans, Inc.
WCG
| $473K | 0.04% |
2,003
-54,959
| -96% | -$14.7M |
|
367
Globus Medical
GMED
$11.1B
| $464K | 0.04% |
10,710
+2,516
| +31% | +$126K |
|
368
Archer Daniels Midland
ADM
$38.7B
| $463K | 0.04% |
11,300
| – | – |
|
369
Yelp
YELP
$1.54B
| $463K | 0.04% |
13,233
+11,505
| +666% | +$440K |
|
370
REX American Resources
REX
$1.39B
| $458K | 0.04% |
40,320
| – | – |
|
371
AGNC Investment
AGNC
$12.7B
| $455K | 0.04% |
25,936
| – | – |
|
372
Generac Holdings
GNRC
$11.5B
| $451K | 0.04% |
9,072
| – | – |
|
373
LivaNova
LIVN
$4.47B
| $445K | 0.04% |
4,861
-145,861
| -97% | -$15.7M |
|
|
SIVB
374
DELISTED
SVB Financial Group
SIVB
| $443K | 0.04% |
2,332
| – | – |
|
|
BERY
375
DELISTED
Berry Global Group, Inc.
BERY
| $442K | 0.04% |
10,128
| – | – |
|
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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.