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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
+6.78%
1 Year Est. Return
+24.2%
3 Year Est. Return
+90.61%
5 Year Est. Return
+144.35%
10 Year Est. Return
–
AUM
$1.2B
AUM Growth
+$133M
(+13%)
Cap. Flow
+$65.7M
Cap. Flow
% of AUM
5.5%
Top 10 Holdings %
Top 10 Hldgs %
33.22%
Holding
636
New
57
Increased
95
Reduced
126
Closed
68
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Real Estate ETF
VNQ
|
+$78.7M |
| 2 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$15.9M |
| 3 |
Vanguard Global ex-US Real Estate ETF
VNQI
|
+$6.88M |
| 4 |
iShares TIPS Bond ETF
TIP
|
+$6.74M |
| 5 |
Electronic Arts
EA
|
+$4.13M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Evergy
EVRG
|
+$4.45M |
| 2 |
Avient
AVNT
|
+$4.4M |
| 3 |
Maximus
MMS
|
+$4.34M |
| 4 |
Biogen
BIIB
|
+$3.68M |
| 5 |
Nike
NKE
|
+$3.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14.01% |
| 2 | Financials | 13.37% |
| 3 | Healthcare | 9.32% |
| 4 | Consumer Discretionary | 9.1% |
| 5 | Industrials | 6.75% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Chemed
CHE
$7.16B
| $7.32M | 0.61% |
16,663
+3,682
| +28% | +$1.55M |
|
27
VeriSign
VRSN
$26.3B
| $7.3M | 0.61% |
37,880
+235
| +0.6% | +$44.2K |
|
28
AES
AES
$10.6B
| $7.26M | 0.61% |
364,864
+196,848
| +117% | +$3.52M |
|
29
SEI Investments
SEIC
$12.3B
| $7.16M | 0.6% |
109,268
-31,738
| -23% | -$1.97M |
|
30
UnitedHealth
UNH
$382B
| $6.91M | 0.58% |
23,511
-181
| -0.8% | -$47.4K |
|
31
Intel
INTC
$413B
| $6.79M | 0.57% |
113,438
+18,781
| +20% | +$1.05M |
|
|
DFS
32
DELISTED
Discover Financial Services
DFS
| $6.79M | 0.57% |
80,003
| – | – |
|
|
33
iShares TIPS Bond ETF
TIP
$14.5B
| $6.75M | 0.57% |
+57,940
| New | +$6.74M |
|
34
Ross Stores
ROST
$80.8B
| $6.72M | 0.56% |
57,705
-1,624
| -3% | -$183K |
|
35
Berkshire Hathaway Class B
BRK.B
$1.1T
| $6.71M | 0.56% |
29,610
-300
| -1% | -$65.2K |
|
36
American Financial Group
AFG
$11.9B
| $6.46M | 0.54% |
58,872
+408
| +0.7% | +$43.7K |
|
37
Amgen
AMGN
$209B
| $6.43M | 0.54% |
26,686
| – | – |
|
38
The RMR Group
RMR
$335M
| $6.41M | 0.54% |
140,431
+55,695
| +66% | +$2.58M |
|
39
Mastercard
MA
$498B
| $6.2M | 0.52% |
20,776
-831
| -4% | -$234K |
|
40
Equity Lifestyle Properties
ELS
$13.1B
| $6.11M | 0.51% |
86,847
+17,963
| +26% | +$1.25M |
|
41
Phillips 66
PSX
$82.9B
| $5.99M | 0.5% |
53,759
-289
| -0.5% | -$32.5K |
|
42
Globe Life
GL
$14B
| $5.87M | 0.49% |
55,736
-2,968
| -5% | -$296K |
|
|
PSB
43
DELISTED
PS Business Parks, Inc.
PSB
| $5.75M | 0.48% |
34,904
| – | – |
|
44
Unifirst Corp
UNF
$5.45B
| $5.72M | 0.48% |
28,313
-1,980
| -7% | -$402K |
|
45
Douglas Emmett
DEI
$2.05B
| $5.7M | 0.48% |
129,832
-7,842
| -6% | -$339K |
|
|
UMPQ
46
DELISTED
Umpqua Holdings Corp
UMPQ
| $5.68M | 0.48% |
320,992
+13,690
| +4% | +$227K |
|
47
Valero Energy
VLO
$89.5B
| $5.62M | 0.47% |
60,006
-2,843
| -5% | -$269K |
|
48
MGIC Investment
MTG
$6.47B
| $5.5M | 0.46% |
388,115
+74,472
| +24% | +$1.03M |
|
49
Norfolk Southern
NSC
$75.4B
| $5.41M | 0.45% |
27,875
| – | – |
|
50
NewMarket
NEU
$7.24B
| $5.4M | 0.45% |
11,092
+8,308
| +298% | +$4M |
|
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First Quadrant's Q4 2019 Portfolio in Review
As of Q4 2019, First Quadrant held 636 positions worth $1.2B, up 13% from $1.06B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
First Quadrant deployed $65.7M of net new capital in Q4 2019, opening 57 new positions and adding to 95 existing holdings. Its largest new stake was iShares iBoxx $ High Yield Corporate Bond ETF: 182,263 shares worth $16M.
By sector, the portfolio is most concentrated in Technology at 14% of assets, down from 14% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Evergy, an estimated $4.45M trimmed.
- First Quadrant's largest Q4 2019 buy was iShares iBoxx $ High Yield Corporate Bond ETF: 182,263 shares worth $16M.
- First Quadrant added most to Vanguard Real Estate ETF in Q4 2019, an estimated $78.7M increase.
- First Quadrant's biggest Q4 2019 reduction was Evergy, cutting an estimated $4.45M.
- First Quadrant fully exited Maximus in Q4 2019, selling an estimated $4.34M.
- First Quadrant's ten largest holdings make up 33% of its $1.2B portfolio in Q4 2019.
- First Quadrant opened 57 new positions and closed 68 in Q4 2019.
- First Quadrant's portfolio value rose 13% quarter-over-quarter to $1.2B.
Based on First Quadrant's 13F filing for Q4 2019, filed 28 Jan 2020.