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
+144.35%
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 | 16.46% |
| 2 | Technology | 14.16% |
| 3 | Healthcare | 13.85% |
| 4 | Industrials | 11.28% |
| 5 | Consumer Discretionary | 9.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
Universal Health Services
UHS
$10.2B
| $234K | 0.02% |
2,011
| – | – |
|
502
CBIZ
CBZ
$2.98B
| $233K | 0.02% |
11,845
+2,523
| +27% | +$53.9K |
|
503
HF Sinclair
DINO
$16.2B
| $233K | 0.02% |
4,564
-238,010
| -98% | -$14.6M |
|
504
Bio-Rad Laboratories Class A
BIO
$8.76B
| $232K | 0.02% |
1,000
-8,503
| -89% | -$2.28M |
|
505
Clean Energy Fuels
CLNE
$416M
| $232K | 0.02% |
135,100
| – | – |
|
|
FFG
506
DELISTED
FBL Financial Group
FFG
| $232K | 0.02% |
+3,538
| New | +$248K |
|
507
Greif Class B
GEF.B
$4.13B
| $231K | 0.02% |
5,210
| – | – |
|
508
Terreno Realty
TRNO
$7.58B
| $231K | 0.02% |
6,559
| – | – |
|
509
Pebblebrook Hotel Trust
PEB
$2.18B
| $230K | 0.02% |
8,107
-5,816
| -42% | -$193K |
|
510
Banner Corp
BANR
$2.38B
| $229K | 0.02% |
4,286
-17,262
| -80% | -$1M |
|
511
Stoneridge
SRI
$200M
| $229K | 0.02% |
9,286
| – | – |
|
512
Jack Henry & Associates
JKHY
$11.4B
| $228K | 0.02% |
1,803
-144,188
| -99% | -$20.5M |
|
513
Reliance Steel & Aluminium
RS
$20.6B
| $228K | 0.02% |
3,208
-209,099
| -98% | -$16.5M |
|
514
Trane Technologies
TT
$98.8B
| $228K | 0.02% |
2,500
| – | – |
|
515
Ulta Beauty
ULTA
$21.8B
| $228K | 0.02% |
931
-15,684
| -94% | -$4.34M |
|
516
Celanese
CE
$4.82B
| $225K | 0.02% |
2,500
-111,897
| -98% | -$11M |
|
|
CRC
517
DELISTED
California Resources Corporation
CRC
| $223K | 0.02% |
13,062
| – | – |
|
518
Schneider National
SNDR
$6.17B
| $222K | 0.02% |
11,916
-269,678
| -96% | -$5.78M |
|
519
Federated Hermes
FHI
$4.56B
| $219K | 0.02% |
8,253
-342,316
| -98% | -$8.5M |
|
520
Simpson Manufacturing
SSD
$7.79B
| $218K | 0.02% |
4,023
| – | – |
|
521
ArcBest
ARCB
$3.16B
| $216K | 0.02% |
6,305
-356
| -5% | -$13.8K |
|
522
Pilgrim's Pride
PPC
$7.13B
| $216K | 0.02% |
+13,900
| New | +$249K |
|
523
Encompass Health
EHC
$11.3B
| $215K | 0.02% |
4,373
-290,121
| -99% | -$16.5M |
|
524
PBF Energy
PBF
$7.49B
| $215K | 0.02% |
6,589
-349,639
| -98% | -$14.1M |
|
|
TVRD
525
Tvardi Therapeutics
TVRD
$20.1M
| $214K | 0.02% |
456
| – | – |
|
Similar funds
BC
SCM
CFG
AG
YEPV
WIA
LSM
FFIM
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 16% 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.