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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
Cap. Flow
-$409M
Cap. Flow %
-38.51%
Top 10 Hldgs %
27.28%
Holding
733
New
39
Increased
98
Reduced
269
Closed
154

Top Buys

Rank Stock Value
1
SHO icon
Sunstone Hotel Investors
SHO
+$7.98M
2
IDA icon
Idacorp
IDA
+$7.48M
3
FR icon
First Industrial Realty Trust
FR
+$6.91M
4
ESNT icon
Essent Group
ESNT
+$6.26M
5
EBAY icon
eBay
EBAY
+$6.05M

Top Sells

Rank Stock Value
1
VNQ icon
Vanguard Real Estate ETF
VNQ
+$32.9M
2
MA icon
Mastercard
MA
+$16.9M
3
TMO icon
Thermo Fisher Scientific
TMO
+$11.9M
4
MSFT icon
Microsoft
MSFT
+$11.2M
5
JPM icon
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
ON icon
651
ON Semiconductor
ON
$30.7B
– –
-81,939
Closed -$1.66M
ORI icon
652
Old Republic International
ORI
$10.9B
– –
-56,424
Closed -$1.26M
PBI icon
653
Pitney Bowes
PBI
$2.39B
– –
-12,717
Closed -$54K
PCRX icon
654
Pacira BioSciences
PCRX
$1.04B
– –
-6,093
Closed -$265K
PCTY icon
655
Paylocity
PCTY
$7.75B
– –
-318
Closed -$30K
PGR icon
656
Progressive
PGR
$128B
– –
-28,318
Closed -$2.26M
PLXS icon
657
Plexus
PLXS
$6.43B
– –
-7,528
Closed -$439K
PNW icon
658
Pinnacle West Capital
PNW
$12.4B
– –
-32,551
Closed -$3.06M
PRU icon
659
Prudential Financial
PRU
$42.6B
– –
-3,998
Closed -$404K
RHI icon
660
Robert Half
RHI
$4.11B
– –
-63,603
Closed -$3.63M
RLJ icon
661
RLJ Lodging Trust
RLJ
$1.88B
– –
-5,507
Closed -$98K
SAMG icon
662
Silvercrest Asset Management
SAMG
$76.7M
– –
-2,201
Closed -$31K
SBGI icon
663
Sinclair Inc
SBGI
$1.02B
– –
-12,726
Closed -$682K
SIGI icon
664
Selective Insurance
SIGI
$5.76B
– –
-3,612
Closed -$271K
SKX
665
DELISTED
Skechers
SKX
– –
-414
Closed -$13K
SNDR icon
666
Schneider National
SNDR
$6.17B
– –
-12,536
Closed -$229K
SVC
667
Service Properties Trust
SVC
$1.05B
– –
-7,706
Closed -$963K
TDC icon
668
Teradata
TDC
$2.88B
– –
-18,962
Closed -$680K
TMO icon
669
Thermo Fisher Scientific
TMO
$214B
– –
-40,404
Closed -$11.9M
TNL icon
670
Travel + Leisure Co
TNL
$4.76B
– –
-3,800
Closed -$167K
TPIC
671
DELISTED
TPI Composites
TPIC
– –
-1,903
Closed -$47K
TRV icon
672
Travelers Companies
TRV
$81.1B
– –
-16,967
Closed -$2.54M
TTEC icon
673
TTEC Holdings
TTEC
$124M
– –
-4,615
Closed -$215K
UBFO
674
DELISTED
United Security Bancshares
UBFO
– –
-1,202
Closed -$14K
UGI icon
675
UGI
UGI
$7.87B
– –
-34,467
Closed -$1.84M
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 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.