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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 | |
|---|---|---|---|---|---|---|
376
ServiceNow
NOW
$120B
| $270K | 0.03% |
5,315
| – | – |
|
377
Employers Holdings
EIG
$907M
| $268K | 0.03% |
6,148
-28,408
| -82% | -$1.23M |
|
378
Henry Schein
HSIC
$9.78B
| $267K | 0.03% |
4,200
-5,531
| -57% | -$357K |
|
379
Walker & Dunlop
WD
$1.73B
| $267K | 0.03% |
4,779
+1,834
| +62% | +$103K |
|
380
Portland General Electric
POR
$5.82B
| $263K | 0.02% |
4,661
-17,317
| -79% | -$964K |
|
381
Halozyme
HALO
$9.88B
| $262K | 0.02% |
16,900
| – | – |
|
382
NorthWestern Energy
NWE
$4.34B
| $260K | 0.02% |
3,462
-2,740
| -44% | -$198K |
|
383
Bristol-Myers Squibb
BMY
$129B
| $259K | 0.02% |
5,100
| – | – |
|
384
National Beverage
FIZZ
$3.06B
| $257K | 0.02% |
11,598
-598
| -5% | -$12.9K |
|
385
First Merchants
FRME
$2.69B
| $256K | 0.02% |
6,800
| – | – |
|
386
Hanover Insurance
THG
$8.13B
| $254K | 0.02% |
1,877
-26,133
| -93% | -$3.43M |
|
387
Axalta
AXTA
$7.45B
| $253K | 0.02% |
8,400
| – | – |
|
388
Usana Health Sciences
USNA
$419M
| $253K | 0.02% |
3,700
-24,481
| -87% | -$1.64M |
|
|
FMBI
389
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $253K | 0.02% |
13,000
| – | – |
|
|
ISCA
390
DELISTED
International Speedway Corp
ISCA
| $253K | 0.02% |
5,632
| – | – |
|
391
Constellation Brands
STZ
$22.5B
| $249K | 0.02% |
1,200
-6,569
| -85% | -$1.32M |
|
392
Wells Fargo
WFC
$254B
| $247K | 0.02% |
4,889
-1,037
| -17% | -$48.9K |
|
393
Yum! Brands
YUM
$41.9B
| $247K | 0.02% |
2,175
+1,175
| +118% | +$134K |
|
394
Trane Technologies
TT
$98.8B
| $244K | 0.02% |
1,980
-520
| -21% | -$63.5K |
|
395
Financial Institutions
FISI
$812M
| $242K | 0.02% |
8,017
-2,791
| -26% | -$81.8K |
|
|
VER
396
DELISTED
VEREIT, Inc.
VER
| $242K | 0.02% |
4,940
| – | – |
|
397
Bright Horizons
BFAM
$4.35B
| $241K | 0.02% |
1,579
-13,837
| -90% | -$2.16M |
|
398
Cencora
COR
$62B
| $239K | 0.02% |
2,899
-6,811
| -70% | -$585K |
|
399
Flowers Foods
FLO
$1.58B
| $238K | 0.02% |
+10,293
| New | +$238K |
|
|
STI
400
DELISTED
SunTrust Banks, Inc.
STI
| $233K | 0.02% |
3,390
-5,841
| -63% | -$374K |
|
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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.