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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
Cap. Flow
-$409M
Cap. Flow %
-38.51%
Top 10 Hldgs %
27.28%
Holding
733
New
39
Increased
98
Reduced
269
Closed
154

Top Buys

Rank Stock Value
1
SHO icon
Sunstone Hotel Investors
SHO
+$7.98M
2
IDA icon
Idacorp
IDA
+$7.48M
3
FR icon
First Industrial Realty Trust
FR
+$6.91M
4
ESNT icon
Essent Group
ESNT
+$6.26M
5
EBAY icon
eBay
EBAY
+$6.05M

Top Sells

Rank Stock Value
1
VNQ icon
Vanguard Real Estate ETF
VNQ
+$32.9M
2
MA icon
Mastercard
MA
+$16.9M
3
TMO icon
Thermo Fisher Scientific
TMO
+$11.9M
4
MSFT icon
Microsoft
MSFT
+$11.2M
5
JPM icon
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
CMS icon
601
CMS Energy
CMS
$23.3B
– –
-5,614
Closed -$325K
COLL icon
602
Collegium Pharmaceutical
COLL
$1.18B
– –
-4,484
Closed -$59K
COST icon
603
Costco
COST
$432B
– –
-1,306
Closed -$345K
CUZ icon
604
Cousins Properties
CUZ
$5.31B
– –
-40,208
Closed -$1.45M
CVLG icon
605
Covenant Logistics
CVLG
$1.04B
– –
-9,708
Closed -$71K
DAN icon
606
Dana Inc
DAN
$2.88B
– –
-2,607
Closed -$52K
DECK icon
607
Deckers Outdoor
DECK
$14.1B
– –
-14,688
Closed -$431K
DRH icon
608
Diamondrock Hospitality Co
DRH
$2.69B
– –
-72,548
Closed -$750K
EPM icon
609
Evolution Petroleum
EPM
$133M
– –
-17,428
Closed -$125K
FDS icon
610
Factset
FDS
$10B
– –
-13,127
Closed -$3.76M
FF icon
611
Future Fuel
FF
$205M
– –
-959
Closed -$11K
FL
612
DELISTED
Foot Locker
FL
– –
-64,979
Closed -$2.72M
FOXA icon
613
Fox Class A
FOXA
$24.8B
– –
-32,247
Closed -$1.18M
GKOS icon
614
Glaukos
GKOS
$9.49B
– –
-1,140
Closed -$86K
GLDD
615
DELISTED
Great Lakes Dredge & Dock
GLDD
– –
-33,715
Closed -$372K
GTN icon
616
Gray Television
GTN
$437M
– –
-79,149
Closed -$1.3M
HAFC icon
617
Hanmi Financial
HAFC
$935M
– –
-1,741
Closed -$39K
HBAN icon
618
Huntington Bancshares
HBAN
$34B
– –
-189,341
Closed -$2.62M
HNRG icon
619
Hallador Energy
HNRG
$646M
– –
-3,630
Closed -$20K
HRB icon
620
H&R Block
HRB
$5.98B
– –
-45,248
Closed -$1.33M
HSTM icon
621
HealthStream
HSTM
$863M
– –
-11,009
Closed -$285K
HZO icon
622
MarineMax
HZO
$748M
– –
-416
Closed -$7K
IBP icon
623
Installed Building Products
IBP
$6.21B
– –
-6,781
Closed -$402K
INGR icon
624
Ingredion
INGR
$6.42B
– –
-15,119
Closed -$1.25M
INSP icon
625
Inspire Medical Systems
INSP
$1.47B
– –
-1,952
Closed -$118K
23 24
25
26 27

Similar funds

BC
Blackcrane Capital Bellevue, Washington $16.3M AUM 19.53% 1-Year Est. Return
SCM
SunTx Capital Management Dallas, Texas $21.3M AUM 12.38% 1-Year Est. Return
CFG
Claremont Financial Group Claremont, California $23.4M AUM
AG
Aravt Global New York $11.3M AUM 3.78% 1-Year Est. Return
YEPV
Yorktown Energy Partners V New York $5.41M AUM
WIA
Wealthstreet Investment Advisors Dallas, Texas $3.71M AUM 13.1% 1-Year Est. Return
LSM
Light Sky Macro New York $1.34M AUM
FFIM
Founders Fund IV Management San Francisco, California $1.21M AUM

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.