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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
+7.04%
1 Year Est. Return
+24.2%
3 Year Est. Return
+90.61%
5 Year Est. Return
+144.39%
10 Year Est. Return
–
AUM
$4.5B
AUM Growth
-$839M
(-16%)
Cap. Flow
-$1.12B
Cap. Flow
% of AUM
-24.8%
Top 10 Holdings %
Top 10 Hldgs %
18.15%
Holding
911
New
148
Increased
142
Reduced
263
Closed
81
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Adobe
ADBE
|
+$28.3M |
| 2 |
Nike
NKE
|
+$27.5M |
| 3 |
Texas Instruments
TXN
|
+$27.4M |
| 4 |
Intuit
INTU
|
+$23.3M |
| 5 |
ConocoPhillips
COP
|
+$23.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$46M |
| 2 |
Boeing
BA
|
+$40.7M |
| 3 |
AbbVie
ABBV
|
+$33.8M |
| 4 |
Synopsys
SNPS
|
+$29M |
| 5 |
Amazon
AMZN
|
+$28.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.84% |
| 2 | Financials | 14.37% |
| 3 | Healthcare | 12.53% |
| 4 | Consumer Discretionary | 10.66% |
| 5 | Industrials | 10.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
651
Cal-Maine
CALM
$3.47B
| $161K | ﹤0.01% |
+3,333
| New | +$159K |
|
652
Eli Lilly
LLY
$1.01T
| $161K | ﹤0.01% |
1,500
| – | – |
|
653
News Corp Class B
NWS
$18.1B
| $161K | ﹤0.01% |
11,868
-318,821
| -96% | -$4.59M |
|
|
CTRA
654
DELISTED
Coterra Energy
CTRA
| $160K | ﹤0.01% |
7,100
-1,161,373
| -99% | -$27.1M |
|
655
Darden Restaurants
DRI
$23.7B
| $156K | ﹤0.01% |
1,400
| – | – |
|
656
PG&E
PCG
$29B
| $154K | ﹤0.01% |
3,350
| – | – |
|
657
Silvercrest Asset Management
SAMG
$76.3M
| $152K | ﹤0.01% |
10,965
+8,088
| +281% | +$130K |
|
658
SPS Commerce
SPSC
$2.95B
| $151K | ﹤0.01% |
+3,046
| New | +$136K |
|
659
Skywest
SKYW
$3.73B
| $150K | ﹤0.01% |
+2,555
| New | +$151K |
|
660
Cognex
CGNX
$9.95B
| $145K | ﹤0.01% |
2,600
| – | – |
|
|
HA
661
DELISTED
Hawaiian Holdings, Inc.
HA
| $145K | ﹤0.01% |
3,617
+108
| +3% | +$4.29K |
|
662
International Paper
IP
$18B
| $144K | ﹤0.01% |
3,094
+115
| +4% | +$5.7K |
|
|
CASA
663
DELISTED
Casa Systems, Inc. Common Stock
CASA
| $144K | ﹤0.01% |
9,746
-14,818
| -60% | -$225K |
|
|
BSTC
664
DELISTED
BioSpecifics Technologies Corp.
BSTC
| $144K | ﹤0.01% |
2,466
| – | – |
|
|
ACR
665
ACRES Commercial Realty
ACR
$95.9M
| $140K | ﹤0.01% |
4,258
| – | – |
|
666
Onto Innovation
ONTO
$12B
| $139K | ﹤0.01% |
3,702
+1,091
| +42% | +$42.9K |
|
667
Pultegroup
PHM
$22.8B
| $139K | ﹤0.01% |
5,600
| – | – |
|
|
TPIC
668
DELISTED
TPI Composites
TPIC
| $139K | ﹤0.01% |
4,852
+2,949
| +155% | +$85.4K |
|
|
NEWR
669
DELISTED
New Relic, Inc.
NEWR
| $139K | ﹤0.01% |
+1,471
| New | +$152K |
|
|
TPCO
670
DELISTED
Tribune Publishing Company Common Stock
TPCO
| $139K | ﹤0.01% |
8,496
-4,290
| -34% | -$71.1K |
|
|
CCMP
671
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $139K | ﹤0.01% |
+1,349
| New | +$152K |
|
672
Universal Insurance Holdings
UVE
$1.23B
| $137K | ﹤0.01% |
2,831
+377
| +15% | +$16.2K |
|
|
FONR
673
DELISTED
Fonar
FONR
| $136K | ﹤0.01% |
5,471
+3,676
| +205% | +$96.2K |
|
674
Goldman Sachs
GS
$284B
| $135K | ﹤0.01% |
600
| – | – |
|
675
Preferred Bank
PFBC
$1.25B
| $135K | ﹤0.01% |
2,300
| – | – |
|
Similar funds
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SCM
CFG
AG
YEPV
WIA
LSM
First Quadrant's Q3 2018 Portfolio in Review
As of Q3 2018, First Quadrant held 911 positions worth $4.5B, down 16% from $5.34B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
First Quadrant withdrew a net $1.12B in Q3 2018, closing 81 positions and reducing 263 holdings. Its most notable exit was Hilton Grand Vacations, an estimated $22.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 19% a quarter earlier, followed by Financials and Healthcare.
Against the trend, First Quadrant opened a new position in UGI worth $21.9M.
- First Quadrant's largest Q3 2018 buy was UGI: 394,049 shares worth $21.9M.
- First Quadrant added most to Adobe in Q3 2018, an estimated $28.3M increase.
- First Quadrant's biggest Q3 2018 reduction was Apple, cutting an estimated $46M.
- First Quadrant fully exited Hilton Grand Vacations in Q3 2018, selling an estimated $22.4M.
- First Quadrant's ten largest holdings make up 18% of its $4.5B portfolio in Q3 2018.
- First Quadrant opened 148 new positions and closed 81 in Q3 2018.
- First Quadrant's portfolio value fell 16% quarter-over-quarter to $4.5B.
Based on First Quadrant's 13F filing for Q3 2018, filed 23 Oct 2018.