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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
Cap. Flow
-$2.84B
Cap. Flow %
-229.02%
Top 10 Hldgs %
25.78%
Holding
912
New
82
Increased
112
Reduced
260
Closed
114

Top Buys

Rank Stock Value
1
CI icon
Cigna
CI
+$3.47M
2
CVS icon
CVS Health
CVS
+$2.91M
3
LXP icon
LXP Industrial Trust
LXP
+$1.42M
4
REXR icon
Rexford Industrial Realty
REXR
+$1.26M
5
CLDT
Chatham Lodging
CLDT
+$995K

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$79.7M
2
MSFT icon
Microsoft
MSFT
+$67.1M
3
VNQ icon
Vanguard Real Estate ETF
VNQ
+$55.2M
4
AMZN icon
Amazon
AMZN
+$55.1M
5
UNH icon
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
LKQ icon
376
LKQ Corp
LKQ
$6.72B
$441K 0.04%
18,600
– –
CHD icon
377
Church & Dwight Co
CHD
$23.7B
$439K 0.04%
6,683
-281,580
-98% -$17.8M
ENSG icon
378
The Ensign Group
ENSG
$10.6B
$439K 0.04%
12,098
– –
FIZZ icon
379
National Beverage
FIZZ
$3.06B
$438K 0.04%
12,196
– –
PAHC icon
380
Phibro Animal Health
PAHC
$1.5B
$438K 0.04%
13,631
+1,985
+17% +$74.9K
VRSK icon
381
Verisk Analytics
VRSK
$27.7B
$436K 0.04%
4,000
– –
CHMI
382
Cherry Hill Mortgage Investment Corp
CHMI
$82.3M
$433K 0.03%
24,691
+135
+0.5% +$2.47K
ONTO icon
383
Onto Innovation
ONTO
$10.9B
$432K 0.03%
15,808
+12,106
+327% +$373K
RYN icon
384
Rayonier
RYN
$6.67B
$432K 0.03%
17,199
-608,229
-97% -$16.9M
ESI icon
385
Element Solutions
ESI
$8.48B
$431K 0.03%
41,758
– –
HF
386
DELISTED
HFF Inc.
HF
$430K 0.03%
+12,956
New +$482K
GHC icon
387
Graham Holdings Company
GHC
$5.31B
$424K 0.03%
662
– –
LLY icon
388
Eli Lilly
LLY
$1.08T
$424K 0.03%
3,668
+2,168
+145% +$242K
MANH icon
389
Manhattan Associates
MANH
$11.9B
$419K 0.03%
9,900
– –
TFC icon
390
Truist Financial
TFC
$63.9B
$418K 0.03%
9,656
– –
PVLA
391
Palvella Therapeutics
PVLA
$2.05B
$418K 0.03%
1,965
– –
AWK icon
392
American Water Works
AWK
$27B
$413K 0.03%
4,551
– –
NNN icon
393
NNN REIT
NNN
$9.29B
$412K 0.03%
8,500
– –
OTTR icon
394
Otter Tail
OTTR
$3.81B
$410K 0.03%
+8,259
New +$394K
MKL icon
395
Markel Group
MKL
$25.2B
$407K 0.03%
392
– –
BTU icon
396
Peabody Energy
BTU
$2.54B
$405K 0.03%
13,292
-1,492
-10% -$50K
CNXN icon
397
PC Connection
CNXN
$2.09B
$405K 0.03%
13,611
-1,270
-9% -$40.6K
GLIBA
398
DELISTED
GCI Liberty, Inc. Class A Common Stock (DE)
GLIBA
$402K 0.03%
9,777
– –
BMY icon
399
Bristol-Myers Squibb
BMY
$129B
$399K 0.03%
7,672
+891
+13% +$47.9K
NGHC
400
DELISTED
National General Holdings Corp
NGHC
$394K 0.03%
16,257
+10,144
+166% +$258K
14 15
16
17 18

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BC
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SCM
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CFG
Claremont Financial Group Claremont, California $23.4M AUM
AG
Aravt Global New York $11.3M AUM 3.78% 1-Year Est. Return
YEPV
Yorktown Energy Partners V New York $5.41M AUM
WIA
Wealthstreet Investment Advisors Dallas, Texas $3.71M AUM 13.1% 1-Year Est. Return
LSM
Light Sky Macro New York $1.34M AUM
FFIM
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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.