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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 | |
|---|---|---|---|---|---|---|
626
Innoviva
INVA
$1.6B
| – | – |
-1,818
| Closed | -$26K |
|
627
International Paper
IP
$22.6B
| – | – |
-2,987
| Closed | -$123K |
|
628
Ingersoll Rand
IR
$33.1B
| – | – |
-24,645
| Closed | -$853K |
|
629
Intuitive Surgical
ISRG
$127B
| – | – |
-11,178
| Closed | -$1.95M |
|
630
J. Jill
JILL
$274M
| – | – |
-1,249
| Closed | -$12K |
|
|
KALV
631
DELISTED
KalVista Pharmaceuticals
KALV
| – | – |
-2,434
| Closed | -$54K |
|
632
Kemper
KMPR
$1.81B
| – | – |
-12,747
| Closed | -$1.1M |
|
633
Kroger
KR
$36.7B
| – | – |
-175,867
| Closed | -$3.82M |
|
634
Standard BioTools
LAB
$342M
| – | – |
-32,675
| Closed | -$403K |
|
635
Lazard
LAZ
$3.96B
| – | – |
-10,957
| Closed | -$377K |
|
636
Littelfuse
LFUS
$10.4B
| – | – |
-4,090
| Closed | -$724K |
|
637
MasterCraft Boat Holdings
MCFT
$596M
| – | – |
-7,209
| Closed | -$141K |
|
638
Mercury Insurance
MCY
$6B
| – | – |
-32,897
| Closed | -$2.06M |
|
639
Marcus & Millichap
MMI
$1.2B
| – | – |
-5,810
| Closed | -$179K |
|
640
3M
MMM
$91.8B
| – | – |
-8,013
| Closed | -$1.16M |
|
641
Motorola Solutions
MSI
$72.1B
| – | – |
-22,390
| Closed | -$3.73M |
|
642
Nasdaq
NDAQ
$53.4B
| – | – |
-37,200
| Closed | -$1.19M |
|
643
NextEra Energy
NEE
$185B
| – | – |
-3,200
| Closed | -$164K |
|
644
Newmont
NEM
$96.2B
| – | – |
-36,432
| Closed | -$1.4M |
|
645
Ingevity
NGVT
$2.46B
| – | – |
-1,340
| Closed | -$141K |
|
646
Nektar Therapeutics
NKTR
$2.39B
| – | – |
-2,940
| Closed | -$1.57M |
|
647
Nucor
NUE
$58.3B
| – | – |
-11,530
| Closed | -$635K |
|
648
O-I Glass
OI
$1.18B
| – | – |
-1,461
| Closed | -$25K |
|
649
ONE Gas
OGS
$5.01B
| – | – |
-14,300
| Closed | -$1.29M |
|
650
Oneok
OKE
$56.7B
| – | – |
-24,799
| Closed | -$1.71M |
|
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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.