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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
+7.2%
1 Year Est. Return
+24.2%
3 Year Est. Return
+90.61%
5 Year Est. Return
+144.35%
10 Year Est. Return
–
AUM
$940M
AUM Growth
-$61.5M
(-6.1%)
Cap. Flow
-$113M
Cap. Flow
% of AUM
-12.06%
Top 10 Holdings %
Top 10 Hldgs %
41.28%
Holding
635
New
60
Increased
73
Reduced
109
Closed
70
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
O'Reilly Automotive
ORLY
|
+$3.29M |
| 2 |
Walt Disney
DIS
|
+$2.01M |
| 3 |
DTE Energy
DTE
|
+$1.49M |
| 4 |
Automatic Data Processing
ADP
|
+$1.3M |
| 5 |
Intuit
INTU
|
+$1.17M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$88.9M |
| 2 |
Vanguard Total Stock Market ETF
VTI
|
+$2.81M |
| 3 |
iShares Core S&P Total US Stock Market ETF
ITOT
|
+$2.76M |
| 4 |
State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF
SPTM
|
+$2.62M |
| 5 |
EQC
Equity Commonwealth
EQC
|
+$2.08M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.46% |
| 2 | Consumer Discretionary | 11.35% |
| 3 | Healthcare | 9.84% |
| 4 | Financials | 8.51% |
| 5 | Communication Services | 7.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
DFS
26
DELISTED
Discover Financial Services
DFS
| $5.25M | 0.56% |
55,279
| – | – |
|
27
Starbucks
SBUX
$119B
| $5.19M | 0.55% |
47,485
-290
| -0.6% | -$30.4K |
|
28
Synopsys
SNPS
$71.6B
| $4.84M | 0.51% |
19,539
| – | – |
|
29
Robert Half
RHI
$4.11B
| $4.78M | 0.51% |
61,264
| – | – |
|
30
Corning
GLW
$107B
| $4.78M | 0.51% |
109,741
+10,107
| +10% | +$389K |
|
31
Intel
INTC
$413B
| $4.72M | 0.5% |
73,735
| – | – |
|
32
Idacorp
IDA
$8B
| $4.41M | 0.47% |
44,115
-13,355
| -23% | -$1.22M |
|
33
Adobe
ADBE
$105B
| $4.28M | 0.46% |
9,009
| – | – |
|
|
ATVI
34
DELISTED
Activision Blizzard
ATVI
| $4.14M | 0.44% |
44,563
-1,347
| -3% | -$127K |
|
35
Berkshire Hathaway Class B
BRK.B
$1.1T
| $4.13M | 0.44% |
16,147
-1,280
| -7% | -$311K |
|
36
Edwards Lifesciences
EW
$49.4B
| $4.04M | 0.43% |
48,356
+41
| +0.1% | +$3.47K |
|
37
AGCO
AGCO
$8.41B
| $4.03M | 0.43% |
28,049
| – | – |
|
38
Johnson & Johnson
JNJ
$640B
| $4.03M | 0.43% |
24,512
-1,289
| -5% | -$209K |
|
39
Equity Lifestyle Properties
ELS
$13.1B
| $3.93M | 0.42% |
61,772
-344
| -0.6% | -$21.4K |
|
|
40
O'Reilly Automotive
ORLY
$75.1B
| $3.91M | 0.42% |
115,530
+106,140
| +1,130% | +$3.29M |
|
41
NVIDIA
NVDA
$4.6T
| $3.84M | 0.41% |
287,960
| – | – |
|
42
Chemed
CHE
$7.16B
| $3.74M | 0.4% |
8,143
| – | – |
|
|
EQC
43
DELISTED
Equity Commonwealth
EQC
| $3.65M | 0.39% |
131,422
-73,761
| -36% | -$2.08M |
|
44
CSX Corp
CSX
$94B
| $3.6M | 0.38% |
111,900
| – | – |
|
45
Merck
MRK
$322B
| $3.49M | 0.37% |
47,434
| – | – |
|
46
Idexx Laboratories
IDXX
$44.9B
| $3.47M | 0.37% |
7,088
+288
| +4% | +$144K |
|
|
BNY
47
Bank of New York Mellon
BNY
$103B
| $3.46M | 0.37% |
73,170
| – | – |
|
|
BPYU
48
DELISTED
Brookfield Property REIT Inc. Class A Common Stock
BPYU
| $3.46M | 0.37% |
192,500
| – | – |
|
49
Spectrum Brands
SPB
$2.03B
| $3.42M | 0.36% |
40,265
| – | – |
|
50
Landstar System
LSTR
$6.03B
| $3.39M | 0.36% |
20,511
| – | – |
|
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FFIM
First Quadrant's Q1 2021 Portfolio in Review
As of Q1 2021, First Quadrant held 635 positions worth $940M, down 6.1% from $1B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
First Quadrant withdrew a net $113M in Q1 2021, closing 70 positions and reducing 109 holdings. Its most notable exit was SEI Investments, an estimated $1.57M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, First Quadrant opened a new position in Hess worth $1.1M.
- First Quadrant's largest Q1 2021 buy was Hess: 15,619 shares worth $1.1M.
- First Quadrant added most to O'Reilly Automotive in Q1 2021, an estimated $3.29M increase.
- First Quadrant's biggest Q1 2021 reduction was iShares iBoxx $ High Yield Corporate Bond ETF, cutting an estimated $88.9M.
- First Quadrant fully exited SEI Investments in Q1 2021, selling an estimated $1.57M.
- First Quadrant's ten largest holdings make up 41% of its $940M portfolio in Q1 2021.
- First Quadrant opened 60 new positions and closed 70 in Q1 2021.
- First Quadrant's portfolio value fell 6.1% quarter-over-quarter to $940M.
Based on First Quadrant's 13F filing for Q1 2021, filed 27 Apr 2021.