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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 | |
|---|---|---|---|---|---|---|
426
Seaboard Corp
SEB
$4.23B
| $138K | 0.02% |
49
-58
| -54% | -$210K |
|
427
TransUnion
TRU
$15.1B
| $138K | 0.02% |
+2,092
| New | +$181K |
|
428
Comfort Systems
FIX
$60.9B
| $136K | 0.02% |
+3,723
| New | +$165K |
|
429
Medifast
MED
$109M
| $132K | 0.02% |
2,117
-5,158
| -71% | -$470K |
|
430
Bristow Group
VTOL
$1.34B
| $131K | 0.02% |
12,300
+2,400
| +24% | +$42.5K |
|
431
MillerKnoll
MLKN
$1.53B
| $130K | 0.02% |
5,856
-5,633
| -49% | -$195K |
|
432
Wendy's
WEN
$1.4B
| $129K | 0.02% |
+8,684
| New | +$171K |
|
433
National Beverage
FIZZ
$2.96B
| $128K | 0.02% |
5,980
-5,618
| -48% | -$123K |
|
434
Sprouts Farmers Market
SFM
$8.13B
| $126K | 0.02% |
6,800
-26
| -0.4% | -$436 |
|
435
TechTarget
TTGT
$325M
| $125K | 0.02% |
6,072
-2,696
| -31% | -$64.1K |
|
436
Take-Two Interactive
TTWO
$45.4B
| $125K | 0.02% |
+1,051
| New | +$124K |
|
|
VER
437
DELISTED
VEREIT, Inc.
VER
| $121K | 0.02% |
4,940
| – | – |
|
438
Chubb
CB
$135B
| $118K | 0.02% |
1,057
| – | – |
|
439
First Interstate BancSystem
FIBK
$3.69B
| $118K | 0.02% |
4,099
| – | – |
|
|
SAVE
440
DELISTED
Spirit Airlines, Inc.
SAVE
| $117K | 0.02% |
+9,064
| New | +$291K |
|
441
Anika Therapeutics
ANIK
$258M
| $116K | 0.02% |
4,025
-5,192
| -56% | -$210K |
|
442
Labcorp
LH
$25.4B
| $116K | 0.02% |
1,069
| – | – |
|
443
MSC Industrial Direct
MSM
$6.89B
| $116K | 0.02% |
+2,119
| New | +$140K |
|
|
SGEN
444
DELISTED
Seagen Inc. Common Stock
SGEN
| $115K | 0.02% |
1,000
| – | – |
|
445
Mueller Industries
MLI
$14.7B
| $114K | 0.02% |
+19,096
| New | +$137K |
|
|
GLIBA
446
DELISTED
GCI Liberty, Inc. Class A Common Stock (DE)
GLIBA
| $114K | 0.02% |
2,000
| – | – |
|
447
West Pharmaceutical
WST
$24B
| $113K | 0.02% |
740
-7,623
| -91% | -$1.17M |
|
448
Uber
UBER
$143B
| $112K | 0.02% |
+4,012
| New | +$132K |
|
|
GMS
449
DELISTED
GMS Inc
GMS
| $111K | 0.02% |
+7,027
| New | +$166K |
|
450
Cognex
CGNX
$10.9B
| $110K | 0.02% |
2,600
| – | – |
|
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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.