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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 | |
|---|---|---|---|---|---|---|
401
Universal Health Services
UHS
$10.2B
| $232K | 0.02% |
1,563
-448
| -22% | -$64.3K |
|
402
AppFolio
APPF
$6.62B
| $231K | 0.02% |
2,427
| – | – |
|
403
Voyager Therapeutics
VYGR
$181M
| $231K | 0.02% |
13,432
+10,264
| +324% | +$215K |
|
|
GLIBA
404
DELISTED
GCI Liberty, Inc. Class A Common Stock (DE)
GLIBA
| $223K | 0.02% |
3,600
-6,177
| -63% | -$382K |
|
405
Ametek
AME
$53.9B
| $220K | 0.02% |
2,400
| – | – |
|
406
Coca-Cola
KO
$383B
| $216K | 0.02% |
3,962
+32
| +0.8% | +$1.71K |
|
407
Resideo Technologies
REZI
$5.4B
| $212K | 0.02% |
14,808
-55,290
| -79% | -$927K |
|
408
Seagate
STX
$174B
| $212K | 0.02% |
3,941
| – | – |
|
409
DaVita
DVA
$15.5B
| $211K | 0.02% |
3,700
| – | – |
|
|
MODV
410
DELISTED
ModivCare
MODV
| $210K | 0.02% |
3,524
| – | – |
|
411
APA Corp
APA
$13B
| $208K | 0.02% |
8,106
| – | – |
|
412
Pultegroup
PHM
$25.2B
| $205K | 0.02% |
5,600
-127,445
| -96% | -$4.24M |
|
413
Burlington
BURL
$23.4B
| $200K | 0.02% |
1,000
| – | – |
|
414
Ventas
VTR
$47.5B
| $200K | 0.02% |
2,743
| – | – |
|
415
Cigna
CI
$78.4B
| $197K | 0.02% |
1,300
-2,972
| -70% | -$484K |
|
416
CBRE Group
CBRE
$43.3B
| $196K | 0.02% |
3,700
-58
| -2% | -$3.05K |
|
417
Malibu Boats
MBUU
$548M
| $196K | 0.02% |
+6,390
| New | +$197K |
|
418
Northrop Grumman
NOC
$76B
| $196K | 0.02% |
522
-6,067
| -92% | -$2.15M |
|
419
Dorian LPG
LPG
$1.96B
| $195K | 0.02% |
+18,800
| New | +$184K |
|
420
Stoneridge
SRI
$200M
| $195K | 0.02% |
6,312
| – | – |
|
|
VTLE
421
DELISTED
Vital Energy
VTLE
| $190K | 0.02% |
3,941
+3,660
| +1,302% | +$202K |
|
422
Standard Motor Products
SMP
$902M
| $189K | 0.02% |
3,900
| – | – |
|
423
American Public Education
APEI
$940M
| $188K | 0.02% |
8,400
| – | – |
|
424
Stride
LRN
$4.16B
| $186K | 0.02% |
7,056
| – | – |
|
425
Flex
FLEX
$37.7B
| $185K | 0.02% |
23,459
| – | – |
|
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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.