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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
+144.39%
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 16.62%
2 Technology 14.51%
3 Healthcare 14.35%
4 Miscellaneous 11.79%
5 Industrials 11.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ANIK icon
426
Anika Therapeutics
ANIK
$280M
$337K 0.03%
10,027
– –
TSE
427
DELISTED
Trinseo
TSE
$331K 0.03%
7,224
-3,260
-31% -$177K
HSIC icon
428
Henry Schein
HSIC
$9.75B
$330K 0.03%
5,355
– –
SABR icon
429
Sabre
SABR
$843M
$328K 0.03%
15,174
-722,447
-98% -$17.5M
XEL icon
430
Xcel Energy
XEL
$45.3B
$328K 0.03%
6,653
-115,459
-95% -$5.79M
PRU icon
431
Prudential Financial
PRU
$41.2B
$326K 0.03%
3,998
– –
PCRX icon
432
Pacira BioSciences
PCRX
$960M
$325K 0.03%
+7,557
New +$353K
ANAT
433
DELISTED
American National Group, Inc. Common Stock
ANAT
$325K 0.03%
2,552
– –
RHI icon
434
Robert Half
RHI
$3.92B
$323K 0.03%
5,640
-256,598
-98% -$15.7M
CNCE
435
DELISTED
Concert Pharmaceuticals, Inc.
CNCE
$323K 0.03%
25,700
– –
AMKR icon
436
Amkor Technology
AMKR
$11.5B
$322K 0.03%
49,087
-6,827
-12% -$45K
BKI
437
DELISTED
Black Knight, Inc. Common Stock
BKI
$321K 0.03%
7,116
-330,343
-98% -$15.5M
DUK icon
438
Duke Energy
DUK
$91.8B
$319K 0.03%
3,700
– –
ESS icon
439
Essex Property Trust
ESS
$17.7B
$319K 0.03%
+1,300
New +$328K
SHW icon
440
Sherwin-Williams
SHW
$78.5B
$315K 0.03%
2,400
– –
AEE icon
441
Ameren
AEE
$28.5B
$313K 0.03%
4,795
-310,098
-98% -$20.7M
LVS icon
442
Las Vegas Sands
LVS
$26.7B
$312K 0.03%
6,000
– –
XEC
443
DELISTED
CIMAREX ENERGY CO
XEC
$312K 0.03%
5,068
– –
NHC icon
444
National Healthcare
NHC
$3.55B
$308K 0.02%
3,924
-923
-19% -$72.3K
BRK.A icon
445
Berkshire Hathaway Class A
BRK.A
$1.1T
$306K 0.02%
1
– –
PATK icon
446
Patrick Industries
PATK
$2.27B
$306K 0.02%
+15,519
New +$440K
NIHD
447
DELISTED
NII Holdings, Inc. Common Stock
NIHD
$304K 0.02%
68,931
– –
THFF icon
448
First Financial Corp
THFF
$929M
$302K 0.02%
7,516
– –
FCX icon
449
Freeport-McMoran
FCX
$99.6B
$296K 0.02%
28,703
-1,012,732
-97% -$11.8M
WMB icon
450
Williams Companies
WMB
$87.6B
$296K 0.02%
13,410
– –
16 17
18
19 20

Similar funds

ICMH
Integrity Capital Management (HK) Central, Hong Kong $19.4M AUM
BC
Blackcrane Capital Bellevue, Washington $16.3M AUM 19.53% 1-Year Est. Return
SCM
SunTx Capital Management Dallas, Texas $21.3M AUM 12.38% 1-Year Est. Return
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

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 17% 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.