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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
+144.39%
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 | 15.47% |
| 2 | Technology | 14.25% |
| 3 | Miscellaneous | 13.57% |
| 4 | Consumer Discretionary | 10.8% |
| 5 | Healthcare | 10.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
CubeSmart
CUBE
$8.99B
| $147K | 0.01% |
4,200
| – | – |
|
452
Keysight
KEYS
$53.3B
| $143K | 0.01% |
1,466
-24,602
| -94% | -$2.28M |
|
453
Bread Financial
BFH
$4.14B
| $141K | 0.01% |
1,378
| – | – |
|
454
DHI Group
DHX
$212M
| $140K | 0.01% |
+36,371
| New | +$135K |
|
455
Telephone and Data Systems
TDS
$4.35B
| $136K | 0.01% |
5,276
| – | – |
|
456
Eagle Materials
EXP
$5.59B
| $135K | 0.01% |
1,500
| – | – |
|
457
ProPetro Holding
PUMP
$1.28B
| $134K | 0.01% |
14,700
+13,632
| +1,276% | +$189K |
|
458
ICF International
ICFI
$1.59B
| $133K | 0.01% |
1,569
| – | – |
|
459
Sempra
SRE
$53.1B
| $133K | 0.01% |
1,800
| – | – |
|
460
Labcorp
LH
$26.3B
| $132K | 0.01% |
914
-12,119
| -93% | -$1.77M |
|
|
HBI
461
DELISTED
Hanesbrands
HBI
| $130K | 0.01% |
+8,485
| New | +$129K |
|
462
Cognex
CGNX
$9.95B
| $128K | 0.01% |
2,600
| – | – |
|
463
Edison International
EIX
$21B
| $128K | 0.01% |
1,700
| – | – |
|
464
Lumentum
LITE
$75.3B
| $127K | 0.01% |
2,363
| – | – |
|
465
FormFactor
FORM
$7.94B
| $126K | 0.01% |
6,751
-1,783
| -21% | -$30.5K |
|
466
NRG Energy
NRG
$22.3B
| $126K | 0.01% |
3,189
-10,301
| -76% | -$372K |
|
467
Goldman Sachs
GS
$284B
| $124K | 0.01% |
600
| – | – |
|
468
Illumina
ILMN
$33.6B
| $122K | 0.01% |
411
| – | – |
|
469
Allegion
ALLE
$13.1B
| $121K | 0.01% |
1,166
| – | – |
|
470
NovoCure
NVCR
$1.88B
| $121K | 0.01% |
+1,624
| New | +$130K |
|
471
EOG Resources
EOG
$80.6B
| $119K | 0.01% |
1,600
| – | – |
|
472
Wolfspeed
WOLF
$1.27B
| $119K | 0.01% |
2,436
| – | – |
|
473
Kinder Morgan
KMI
$68.5B
| $118K | 0.01% |
5,732
| – | – |
|
474
Liberty Global Class A
LBTYA
$3.58B
| $116K | 0.01% |
+4,700
| New | +$125K |
|
|
HZNP
475
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $113K | 0.01% |
4,155
-17,389
| -81% | -$450K |
|
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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 17% a quarter earlier, followed by Technology and Miscellaneous.
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.