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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 | |
|---|---|---|---|---|---|---|
26
First Industrial Realty Trust
FR
$8.7B
| $4.79M | 0.7% |
144,053
-55,372
| -28% | -$2.2M |
|
|
27
Eli Lilly
LLY
$1.02T
| $4.78M | 0.7% |
34,481
+32,981
| +2,199% | +$4.53M |
|
28
SEI Investments
SEIC
$12.3B
| $4.77M | 0.69% |
102,993
-6,275
| -6% | -$373K |
|
29
Performance Food Group
PFGC
$17.9B
| $4.61M | 0.67% |
186,548
-15,434
| -8% | -$664K |
|
30
eBay
EBAY
$50.3B
| $4.47M | 0.65% |
148,630
-80,012
| -35% | -$2.79M |
|
31
Unifirst Corp
UNF
$5.31B
| $4.21M | 0.61% |
27,855
-458
| -2% | -$86.4K |
|
32
Cisco
CSCO
$452B
| $4.21M | 0.61% |
106,960
+17,034
| +19% | +$747K |
|
33
NewMarket
NEU
$7.8B
| $4.19M | 0.61% |
10,938
-154
| -1% | -$65K |
|
34
Sanmina
SANM
$10.2B
| $4.16M | 0.61% |
+152,466
| New | +$4.44M |
|
35
Globe Life
GL
$14.2B
| $4.01M | 0.58% |
55,736
| – | – |
|
|
36
Robert Half
RHI
$3.84B
| $3.99M | 0.58% |
+105,786
| New | +$5.73M |
|
37
Norfolk Southern
NSC
$75.5B
| $3.98M | 0.58% |
27,278
-597
| -2% | -$110K |
|
38
Edwards Lifesciences
EW
$49.6B
| $3.94M | 0.57% |
62,718
+16,047
| +34% | +$1.16M |
|
39
Essent Group
ESNT
$6.09B
| $3.9M | 0.57% |
148,181
-63,663
| -30% | -$2.82M |
|
40
Hershey
HSY
$35.6B
| $3.83M | 0.56% |
+28,907
| New | +$4.26M |
|
41
Idacorp
IDA
$8B
| $3.81M | 0.55% |
43,419
-31,500
| -42% | -$3.24M |
|
42
AES
AES
$10.5B
| $3.64M | 0.53% |
267,348
-97,516
| -27% | -$1.75M |
|
|
CTXS
43
DELISTED
Citrix Systems Inc
CTXS
| $3.56M | 0.52% |
25,165
+2,075
| +9% | +$247K |
|
44
Union Pacific
UNP
$174B
| $3.53M | 0.51% |
25,058
| – | – |
|
45
Synopsys
SNPS
$73.5B
| $3.48M | 0.51% |
27,039
-2,100
| -7% | -$299K |
|
46
Hubbell
HUBB
$25.2B
| $3.43M | 0.5% |
29,925
+129
| +0.4% | +$17.4K |
|
47
Johnson & Johnson
JNJ
$622B
| $3.37M | 0.49% |
25,704
-4,000
| -13% | -$567K |
|
|
ATVI
48
DELISTED
Activision Blizzard
ATVI
| $3.37M | 0.49% |
56,597
-31,179
| -36% | -$1.85M |
|
49
Baxter International
BAX
$13.5B
| $3.31M | 0.48% |
40,743
-3,500
| -8% | -$302K |
|
50
TJX Companies
TJX
$175B
| $3.25M | 0.47% |
67,921
+10,799
| +19% | +$621K |
|
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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.