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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
-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 | |
|---|---|---|---|---|---|---|
551
MarineMax
HZO
$748M
| $187K | 0.02% |
+10,202
| New | +$213K |
|
552
Enterprise Financial Services Corp
EFSC
$2.4B
| $184K | 0.01% |
4,900
| – | – |
|
553
Commercial Vehicle Group
CVGI
$147M
| $183K | 0.01% |
32,124
+7,137
| +29% | +$49.4K |
|
554
Herbalife
HLF
$1.3B
| $178K | 0.01% |
3,026
-333,711
| -99% | -$18.4M |
|
555
Seagate
STX
$174B
| $178K | 0.01% |
4,618
+146
| +3% | +$6.15K |
|
556
FTI Consulting
FCN
$5.14B
| $177K | 0.01% |
2,656
-2,287
| -46% | -$154K |
|
557
Canadian Imperial Bank of Commerce
CM
$106B
| $175K | 0.01% |
4,700
-4
| -0.1% | -$170 |
|
558
Green Dot
GDOT
$750M
| $175K | 0.01% |
2,197
+1,402
| +176% | +$111K |
|
559
Alpha and Omega Semiconductor
AOSL
$829M
| $174K | 0.01% |
17,100
| – | – |
|
560
OraSure Technologies
OSUR
$273M
| $174K | 0.01% |
14,872
+475
| +3% | +$6.32K |
|
561
Johnson Outdoors
JOUT
$496M
| $173K | 0.01% |
2,941
-3,467
| -54% | -$248K |
|
562
Monarch Casino & Resort
MCRI
$2.2B
| $172K | 0.01% |
4,500
| – | – |
|
563
Wyndham Hotels & Resorts
WH
$5.61B
| $172K | 0.01% |
3,800
| – | – |
|
|
CTRA
564
DELISTED
Coterra Energy
CTRA
| $170K | 0.01% |
7,600
+500
| +7% | +$12.1K |
|
|
STMP
565
DELISTED
Stamps.com, Inc.
STMP
| $170K | 0.01% |
1,094
-22,381
| -95% | -$3.98M |
|
|
TOWR
566
DELISTED
Tower International, Inc.
TOWR
| $169K | 0.01% |
7,084
-8,753
| -55% | -$240K |
|
567
Bread Financial
BFH
$4.32B
| $165K | 0.01% |
1,378
| – | – |
|
|
MDSO
568
DELISTED
Medidata Solutions, Inc.
MDSO
| $165K | 0.01% |
2,448
-68,844
| -97% | -$4.86M |
|
569
Great Southern Bancorp
GSBC
$878M
| $164K | 0.01% |
3,553
+1,632
| +85% | +$85.3K |
|
570
Burlington
BURL
$23.4B
| $163K | 0.01% |
1,000
-110,445
| -99% | -$17.8M |
|
|
ATH
571
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $163K | 0.01% |
+4,100
| New | +$185K |
|
572
Ametek
AME
$53.9B
| $162K | 0.01% |
2,400
-254,733
| -99% | -$18.3M |
|
573
Ternium
TX
$9.43B
| $162K | 0.01% |
5,981
+581
| +11% | +$17.3K |
|
574
Veracyte
VCYT
$4.45B
| $162K | 0.01% |
+12,887
| New | +$152K |
|
575
Sprouts Farmers Market
SFM
$7.44B
| $161K | 0.01% |
6,842
-403,942
| -98% | -$10.5M |
|
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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.