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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
-18.18%
1 Year Est. Return
+24.2%
3 Year Est. Return
+90.61%
5 Year Est. Return
+144.35%
10 Year Est. Return
–
AUM
$687M
AUM Growth
-$508M
(-43%)
Cap. Flow
-$296M
Cap. Flow
% of AUM
-43.04%
Top 10 Holdings %
Top 10 Hldgs %
24.56%
Holding
709
New
141
Increased
123
Reduced
198
Closed
74
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Robert Half
RHI
|
+$5.73M |
| 2 |
ProPetro Holding
PUMP
|
+$5.7M |
| 3 |
UnitedHealth
UNH
|
+$5.11M |
| 4 |
Eli Lilly
LLY
|
+$4.53M |
| 5 |
Mastercard
MA
|
+$4.48M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Real Estate ETF
VNQ
|
+$203M |
| 2 |
Vanguard Global ex-US Real Estate ETF
VNQI
|
+$21.4M |
| 3 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$12.1M |
| 4 |
iShares TIPS Bond ETF
TIP
|
+$6.75M |
| 5 |
Silgan Holdings
SLGN
|
+$5.44M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.06% |
| 2 | Healthcare | 14.62% |
| 3 | Financials | 13.23% |
| 4 | Consumer Discretionary | 11.01% |
| 5 | Communication Services | 8.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
Trane Technologies
TT
$101B
| $164K | 0.02% |
1,980
| – | – |
|
402
Spectrum Brands
SPB
$2.04B
| $163K | 0.02% |
+4,478
| New | +$242K |
|
403
Standard Motor Products
SMP
$851M
| $162K | 0.02% |
3,900
| – | – |
|
404
Regional Management Corp
RM
$301M
| $161K | 0.02% |
+11,782
| New | +$290K |
|
405
United Therapeutics
UTHR
$25.8B
| $161K | 0.02% |
1,700
| – | – |
|
406
Burlington
BURL
$23.2B
| $158K | 0.02% |
1,000
| – | – |
|
407
Northrop Grumman
NOC
$77.1B
| $158K | 0.02% |
522
| – | – |
|
408
Universal Health Services
UHS
$10.2B
| $155K | 0.02% |
1,563
| – | – |
|
409
Maximus
MMS
$3.17B
| $154K | 0.02% |
+2,654
| New | +$180K |
|
410
CACI
CACI
$11B
| $150K | 0.02% |
711
-1,664
| -70% | -$414K |
|
411
NXP Semiconductors
NXPI
$57.8B
| $149K | 0.02% |
1,801
-15,075
| -89% | -$1.77M |
|
412
CVS Health
CVS
$133B
| $148K | 0.02% |
2,500
| – | – |
|
413
Flex
FLEX
$41.7B
| $148K | 0.02% |
23,459
| – | – |
|
414
Grocery Outlet
GO
$909M
| $148K | 0.02% |
4,300
| – | – |
|
|
SNBR
415
DELISTED
Sleep Number
SNBR
| $147K | 0.02% |
+7,671
| New | +$342K |
|
416
Lear
LEA
$6.54B
| $146K | 0.02% |
1,800
-5,800
| -76% | -$668K |
|
417
Financial Institutions
FISI
$816M
| $145K | 0.02% |
8,017
| – | – |
|
|
VG
418
DELISTED
Vonage Holdings Corporation
VG
| $145K | 0.02% |
20,000
-4,300
| -18% | -$35K |
|
419
NiSource
NI
$21.3B
| $144K | 0.02% |
+5,778
| New | +$160K |
|
|
WBA
420
DELISTED
Walgreens Boots Alliance
WBA
| $144K | 0.02% |
3,153
| – | – |
|
421
REX American Resources
REX
$1.42B
| $142K | 0.02% |
18,264
-15,000
| -45% | -$170K |
|
|
AVID
422
DELISTED
Avid Technology Inc
AVID
| $142K | 0.02% |
21,113
-5,093
| -19% | -$40.2K |
|
423
CBRE Group
CBRE
$42.5B
| $140K | 0.02% |
3,700
| – | – |
|
424
Central Garden & Pet Co
CENT
$2.69B
| $139K | 0.02% |
6,323
+529
| +9% | +$12.5K |
|
425
Old Dominion Freight Line
ODFL
$44.1B
| $138K | 0.02% |
2,100
| – | – |
|
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First Quadrant's Q1 2020 Portfolio in Review
As of Q1 2020, First Quadrant held 709 positions worth $687M, down 43% from $1.2B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
First Quadrant withdrew a net $296M in Q1 2020, closing 74 positions and reducing 198 holdings. Its most notable exit was Vanguard Real Estate ETF, an estimated $203M position sold in full.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 14% a quarter earlier, followed by Healthcare and Financials.
Against the trend, First Quadrant opened a new position in Robert Half worth $3.99M.
- First Quadrant's largest Q1 2020 buy was Robert Half: 105,786 shares worth $3.99M.
- First Quadrant added most to ProPetro Holding in Q1 2020, an estimated $5.7M increase.
- First Quadrant's biggest Q1 2020 reduction was iShares iBoxx $ High Yield Corporate Bond ETF, cutting an estimated $12.1M.
- First Quadrant fully exited Vanguard Real Estate ETF in Q1 2020, selling an estimated $203M.
- First Quadrant's ten largest holdings make up 25% of its $687M portfolio in Q1 2020.
- First Quadrant opened 141 new positions and closed 74 in Q1 2020.
- First Quadrant's portfolio value fell 43% quarter-over-quarter to $687M.
Based on First Quadrant's 13F filing for Q1 2020, filed 5 May 2020.