We are live on ! Find out more
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
Cap. Flow
-$2.84B
Cap. Flow %
-229.02%
Top 10 Hldgs %
25.78%
Holding
912
New
82
Increased
112
Reduced
260
Closed
114

Top Buys

Rank Stock Value
1
CI icon
Cigna
CI
+$3.47M
2
CVS icon
CVS Health
CVS
+$2.91M
3
LXP icon
LXP Industrial Trust
LXP
+$1.42M
4
REXR icon
Rexford Industrial Realty
REXR
+$1.26M
5
CLDT
Chatham Lodging
CLDT
+$995K

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$79.7M
2
MSFT icon
Microsoft
MSFT
+$67.1M
3
VNQ icon
Vanguard Real Estate ETF
VNQ
+$55.2M
4
AMZN icon
Amazon
AMZN
+$55.1M
5
UNH icon
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
STAA icon
651
STAAR Surgical
STAA
$1.19B
$92K 0.01%
+2,898
New +$113K
YUM icon
652
Yum! Brands
YUM
$41.9B
$92K 0.01%
1,000
– –
ENDP
653
DELISTED
Endo International plc
ENDP
$92K 0.01%
+12,587
New +$173K
UDR icon
654
UDR
UDR
$12.8B
$91K 0.01%
+2,300
New +$92.9K
CAR icon
655
Avis
CAR
$5.47B
$90K 0.01%
4,008
-6,753
-63% -$196K
FORM icon
656
FormFactor
FORM
$6.51B
$90K 0.01%
+6,398
New +$89.2K
PCTY icon
657
Paylocity
PCTY
$7.75B
$90K 0.01%
1,496
+1,229
+460% +$78.8K
APH icon
658
Amphenol
APH
$185B
$89K 0.01%
+4,400
New +$94.5K
USLM icon
659
United States Lime & Minerals
USLM
$3.24B
$89K 0.01%
6,300
– –
GE icon
660
GE Aerospace
GE
$364B
$88K 0.01%
2,420
– –
KMI icon
661
Kinder Morgan
KMI
$70.9B
$88K 0.01%
5,732
– –
SRPT icon
662
Sarepta Therapeutics
SRPT
$1.64B
$88K 0.01%
803
– –
VISN
663
Vistance Networks Inc
VISN
$2.61B
$87K 0.01%
5,300
– –
APC
664
DELISTED
Anadarko Petroleum
APC
$87K 0.01%
+1,983
New +$112K
KHC icon
665
Kraft Heinz
KHC
$32.8B
$86K 0.01%
2,000
– –
XENT
666
DELISTED
Intersect ENT, Inc
XENT
$86K 0.01%
3,040
-133
-4% -$3.9K
ADUS icon
667
Addus HomeCare
ADUS
$2.22B
$85K 0.01%
1,249
-20
-2% -$1.37K
A icon
668
Agilent Technologies
A
$39.6B
$84K 0.01%
1,239
– –
AXAS
669
DELISTED
Abraxas Petroleum Corp
AXAS
$84K 0.01%
3,850
-3,105
-45% -$108K
ARNA
670
DELISTED
Arena Pharmaceuticals Inc
ARNA
$83K 0.01%
+2,141
New +$84.1K
SBCF icon
671
Seacoast Banking Corp of Florida
SBCF
$3.3B
$82K 0.01%
3,160
– –
BF.B icon
672
Brown-Forman Class B
BF.B
$13.5B
$81K 0.01%
1,705
-301,436
-99% -$14.3M
PCG icon
673
PG&E
PCG
$39B
$80K 0.01%
3,350
– –
CHEF icon
674
Chefs' Warehouse
CHEF
$4.31B
$78K 0.01%
2,454
-316
-11% -$11K
CNMD icon
675
CONMED
CNMD
$1.3B
$78K 0.01%
+1,213
New +$83K
25 26
27
28 29

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 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.