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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
+144.35%
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 | 14.95% |
| 2 | Technology | 14.15% |
| 3 | Consumer Discretionary | 10.75% |
| 4 | Healthcare | 10.26% |
| 5 | Industrials | 8.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
526
Preferred Bank
PFBC
$1.24B
| $46K | ﹤0.01% |
886
-1,414
| -61% | -$72K |
|
527
Wabtec
WAB
$49.3B
| $45K | ﹤0.01% |
623
| – | – |
|
|
VMW
528
DELISTED
VMware, Inc
VMW
| $45K | ﹤0.01% |
300
| – | – |
|
529
WSFS Financial
WSFS
$4.14B
| $44K | ﹤0.01% |
989
-35,126
| -97% | -$1.48M |
|
|
PRA
530
DELISTED
ProAssurance
PRA
| $43K | ﹤0.01% |
1,079
| – | – |
|
|
PE
531
DELISTED
PARSLEY ENERGY INC
PE
| $42K | ﹤0.01% |
+2,496
| New | +$42.9K |
|
532
Lamb Weston
LW
$7.42B
| $41K | ﹤0.01% |
566
| – | – |
|
533
Pediatrix Medical
MD
$2.2B
| $41K | ﹤0.01% |
1,800
| – | – |
|
534
Simulations Plus
SLP
$371M
| $41K | ﹤0.01% |
1,181
| – | – |
|
535
Antero Resources
AR
$10.9B
| $40K | ﹤0.01% |
13,400
+7,200
| +116% | +$29.3K |
|
536
Arrowhead Research
ARWR
$12.1B
| $40K | ﹤0.01% |
1,436
-364
| -20% | -$10.8K |
|
537
Universal Electronics
UEIC
$59.2M
| $40K | ﹤0.01% |
783
-721
| -48% | -$32K |
|
538
Cirrus Logic
CRUS
$6.76B
| $39K | ﹤0.01% |
729
| – | – |
|
|
PXD
539
DELISTED
Pioneer Natural Resource Co.
PXD
| $38K | ﹤0.01% |
300
-12,437
| -98% | -$1.65M |
|
540
Ford
F
$60.9B
| $37K | ﹤0.01% |
4,000
| – | – |
|
|
TCFC
541
DELISTED
The Community Financial Corporation Common Stock
TCFC
| $37K | ﹤0.01% |
1,095
-100
| -8% | -$3.22K |
|
542
NVIDIA
NVDA
$4.6T
| $35K | ﹤0.01% |
8,000
| – | – |
|
|
VAR
543
DELISTED
Varian Medical Systems, Inc.
VAR
| $35K | ﹤0.01% |
293
-16,407
| -98% | -$1.95M |
|
|
CYBR
544
DELISTED
CyberArk
CYBR
| $34K | ﹤0.01% |
+338
| New | +$40.7K |
|
545
Houlihan Lokey
HLI
$9.72B
| $34K | ﹤0.01% |
763
-17,833
| -96% | -$790K |
|
546
KeyCorp
KEY
$23.8B
| $34K | ﹤0.01% |
1,882
| – | – |
|
547
Tandem Diabetes Care
TNDM
$1.27B
| $34K | ﹤0.01% |
+574
| New | +$36.6K |
|
548
1-800-Flowers.com
FLWS
$252M
| $33K | ﹤0.01% |
2,254
-19,099
| -89% | -$331K |
|
549
Yum China
YUMC
$15.7B
| $33K | ﹤0.01% |
725
-268
| -27% | -$12K |
|
550
Hawkins
HWKN
$2.9B
| $31K | ﹤0.01% |
1,444
-196
| -12% | -$4.3K |
|
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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 16% a quarter earlier, followed by Technology and Consumer Discretionary.
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.