First Quadrant Portfolio holdings

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 Miscellaneous at 28% of assets, down from 35% a quarter earlier, followed by Technology and Consumer Discretionary.

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.