We are live on
!
Find out more
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
(-72%)
Cap. Flow
-$2.84B
Cap. Flow
% of AUM
-229.02%
Top 10 Holdings %
Top 10 Hldgs %
25.78%
Holding
912
New
82
Increased
112
Reduced
260
Closed
114
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cigna
CI
|
+$3.47M |
| 2 |
CVS Health
CVS
|
+$2.91M |
| 3 |
LXP Industrial Trust
LXP
|
+$1.42M |
| 4 |
Rexford Industrial Realty
REXR
|
+$1.26M |
| 5 |
CLDT
Chatham Lodging
CLDT
|
+$995K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$79.7M |
| 2 |
Microsoft
MSFT
|
+$67.1M |
| 3 |
Vanguard Real Estate ETF
VNQ
|
+$55.2M |
| 4 |
Amazon
AMZN
|
+$55.1M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
|
HZNP
451
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $296K | 0.02% |
15,161
+9,044
| +148% | +$177K |
|
452
CBRE Group
CBRE
$40.6B
| $293K | 0.02% |
7,329
-418,195
| -98% | -$17.3M |
|
453
First Bancorp
FBP
$4.29B
| $293K | 0.02% |
34,065
+24,053
| +240% | +$215K |
|
454
TTEC Holdings
TTEC
$62.6M
| $289K | 0.02% |
10,100
| – | – |
|
|
DOOR
455
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $289K | 0.02% |
6,451
-147
| -2% | -$7.95K |
|
456
American Public Education
APEI
$819M
| $285K | 0.02% |
10,000
-187
| -2% | -$5.73K |
|
457
Radian Group
RDN
$4.68B
| $285K | 0.02% |
+17,405
| New | +$318K |
|
458
HEICO Corp Class A
HEI.A
$31.1B
| $284K | 0.02% |
4,511
-99,967
| -96% | -$6.69M |
|
459
VF Corp
VFC
$5B
| $284K | 0.02% |
4,220
-230,554
| -98% | -$17.6M |
|
460
Popular Inc
BPOP
$10.5B
| $283K | 0.02% |
6,000
| – | – |
|
461
Semtech
SMTC
$14.1B
| $283K | 0.02% |
+6,175
| New | +$294K |
|
462
AppFolio
APPF
$8B
| $281K | 0.02% |
4,739
+2,312
| +95% | +$140K |
|
|
AGN
463
DELISTED
Allergan plc
AGN
| $281K | 0.02% |
2,100
| – | – |
|
464
CMS Energy
CMS
$20.7B
| $279K | 0.02% |
5,614
| – | – |
|
|
THS
465
DELISTED
Treehouse Foods
THS
| $279K | 0.02% |
5,500
| – | – |
|
|
AAMI
466
Acadian Asset Management
AAMI
$3.1B
| $279K | 0.02% |
26,100
| – | – |
|
467
PepsiCo
PEP
$185B
| $276K | 0.02% |
2,500
| – | – |
|
468
Spectrum Brands
SPB
$1.97B
| $275K | 0.02% |
6,500
| – | – |
|
469
Kforce
KFRC
$929M
| $274K | 0.02% |
8,847
+5,301
| +149% | +$171K |
|
470
Eversource Energy
ES
$25.3B
| $273K | 0.02% |
4,190
| – | – |
|
471
Benchmark Electronics
BHE
$2.61B
| $271K | 0.02% |
12,800
| – | – |
|
472
Orthofix Medical
OFIX
$370M
| $271K | 0.02% |
5,160
+3,058
| +145% | +$174K |
|
|
PXD
473
DELISTED
Pioneer Natural Resource Co.
PXD
| $269K | 0.02% |
2,044
-110,122
| -98% | -$16.8M |
|
474
Erie Indemnity
ERIE
$13.1B
| $267K | 0.02% |
2,000
| – | – |
|
475
VEON
VEON
$4.73B
| $267K | 0.02% |
+4,564
| New | +$308K |
|
Similar funds
ICMH
BC
SCM
CFG
AG
YEPV
WIA
LSM
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.