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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 | |
|---|---|---|---|---|---|---|
351
PepsiCo
PEP
$196B
| $367K | 0.03% |
2,676
+176
| +7% | +$23.4K |
|
352
Cabot Corp
CBT
$4.72B
| $363K | 0.03% |
8,000
| – | – |
|
353
Eversource Energy
ES
$28.1B
| $358K | 0.03% |
4,190
-8,356
| -67% | -$664K |
|
354
Ironwood Pharmaceuticals
IRWD
$586M
| $358K | 0.03% |
+41,700
| New | +$405K |
|
355
TriCo Bancshares
TCBK
$1.85B
| $354K | 0.03% |
+9,742
| New | +$358K |
|
356
Walt Disney
DIS
$171B
| $353K | 0.03% |
2,706
-18,413
| -87% | -$2.55M |
|
357
Xcel Energy
XEL
$49.2B
| $345K | 0.03% |
5,312
| – | – |
|
358
Bio-Rad Laboratories Class A
BIO
$8.76B
| $333K | 0.03% |
1,000
| – | – |
|
|
FISV
359
Fiserv Inc
FISV
$29.7B
| $331K | 0.03% |
3,200
| – | – |
|
360
Veracyte
VCYT
$4.45B
| $325K | 0.03% |
13,522
-2,150
| -14% | -$57.2K |
|
361
Williams Companies
WMB
$85.8B
| $323K | 0.03% |
13,410
| – | – |
|
362
Omnicell
OMCL
$1.88B
| $319K | 0.03% |
4,418
-4,929
| -53% | -$362K |
|
363
Viatris
VTRS
$20.8B
| $309K | 0.03% |
15,645
-25,100
| -62% | -$492K |
|
364
Celanese
CE
$4.82B
| $306K | 0.03% |
2,500
-8,185
| -77% | -$922K |
|
|
THS
365
DELISTED
Treehouse Foods
THS
| $305K | 0.03% |
5,500
| – | – |
|
|
CSII
366
DELISTED
Cardiovascular Systems, Inc.
CSII
| $296K | 0.03% |
6,232
-18,766
| -75% | -$882K |
|
|
SRCL
367
DELISTED
Stericycle Inc
SRCL
| $295K | 0.03% |
5,800
| – | – |
|
368
Post Holdings
POST
$4.42B
| $291K | 0.03% |
4,202
| – | – |
|
|
RYZ
369
Ryerson Holding Corp
RYZ
$1.49B
| $287K | 0.03% |
33,600
| – | – |
|
|
BKI
370
DELISTED
Black Knight, Inc. Common Stock
BKI
| $287K | 0.03% |
4,700
-55,076
| -92% | -$3.41M |
|
371
NNN REIT
NNN
$9.29B
| $281K | 0.03% |
4,991
| – | – |
|
372
Corcept Therapeutics
CORT
$9.98B
| $277K | 0.03% |
+19,600
| New | +$241K |
|
373
Kimberly-Clark
KMB
$37.6B
| $276K | 0.03% |
1,943
| – | – |
|
374
Jabil
JBL
$30.1B
| $272K | 0.03% |
7,594
| – | – |
|
375
Credicorp
BAP
$30.5B
| $271K | 0.03% |
1,300
| – | – |
|
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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.