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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 | |
|---|---|---|---|---|---|---|
|
SRGA
626
DELISTED
Surgalign Holdings, Inc. Common Stock
SRGA
| $113K | 0.01% |
+1,020
| New | +$133K |
|
627
Applied Materials
AMAT
$347B
| $112K | 0.01% |
3,426
| – | – |
|
628
Coca-Cola
KO
$383B
| $112K | 0.01% |
2,355
-9,803
| -81% | -$469K |
|
|
FONR
629
DELISTED
Fonar
FONR
| $111K | 0.01% |
5,471
| – | – |
|
|
ONIT
630
Onity Group
ONIT
$342M
| $110K | 0.01% |
5,453
| – | – |
|
631
Selective Insurance
SIGI
$5.76B
| $108K | 0.01% |
+1,773
| New | +$110K |
|
632
American International
AIG
$42.5B
| $106K | 0.01% |
+2,700
| New | +$118K |
|
633
TriCo Bancshares
TCBK
$1.85B
| $106K | 0.01% |
3,131
| – | – |
|
|
DX
634
Dynex Capital
DX
$3.18B
| $105K | 0.01% |
+6,091
| New | +$109K |
|
635
Wolfspeed
WOLF
$1.04B
| $104K | 0.01% |
2,436
-21
| -0.9% | -$852 |
|
636
NetApp
NTAP
$34B
| $103K | 0.01% |
1,728
-82,832
| -98% | -$5.95M |
|
637
Cognex
CGNX
$9.62B
| $101K | 0.01% |
2,600
| – | – |
|
638
Enova International
ENVA
$6.09B
| $101K | 0.01% |
5,167
-2,643
| -34% | -$60.2K |
|
639
Goldman Sachs
GS
$289B
| $100K | 0.01% |
600
| – | – |
|
640
Preferred Bank
PFBC
$1.24B
| $100K | 0.01% |
2,300
| – | – |
|
|
HDS
641
DELISTED
HD Supply Holdings, Inc.
HDS
| $99K | 0.01% |
2,631
-481,921
| -99% | -$18.6M |
|
642
Matrix Service
MTRX
$312M
| $97K | 0.01% |
5,383
-6,180
| -53% | -$126K |
|
643
Sempra
SRE
$58.1B
| $97K | 0.01% |
1,800
| – | – |
|
|
TPCO
644
DELISTED
Tribune Publishing Company Common Stock
TPCO
| $96K | 0.01% |
8,496
| – | – |
|
645
Evergy
EVRG
$19.4B
| $95K | 0.01% |
+1,673
| New | +$96.6K |
|
646
Jacobs Solutions
J
$16B
| $94K | 0.01% |
1,934
| – | – |
|
647
Skywest
SKYW
$4.35B
| $94K | 0.01% |
2,111
-444
| -17% | -$22.9K |
|
648
Allegion
ALLE
$13.5B
| $93K | 0.01% |
1,166
| – | – |
|
649
Stepan Co
SCL
$1.5B
| $93K | 0.01% |
+1,251
| New | +$102K |
|
650
Eagle Materials
EXP
$6.49B
| $92K | 0.01% |
1,500
| – | – |
|
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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.