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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 | |
|---|---|---|---|---|---|---|
676
Inogen
INGN
$138M
| $134K | ﹤0.01% |
+547
| New | +$126K |
|
677
NextEra Energy
NEE
$169B
| $134K | ﹤0.01% |
3,200
| – | – |
|
678
Kforce
KFRC
$929M
| $133K | ﹤0.01% |
3,546
+1,197
| +51% | +$47.1K |
|
679
Applied Materials
AMAT
$334B
| $132K | ﹤0.01% |
3,426
-14,923
| -81% | -$660K |
|
680
GE Aerospace
GE
$319B
| $131K | ﹤0.01% |
2,420
| – | – |
|
681
Par Pacific Holdings
PARR
$4.19B
| $131K | ﹤0.01% |
+6,428
| New | +$118K |
|
682
Sarepta Therapeutics
SRPT
$2.19B
| $130K | ﹤0.01% |
+803
| New | +$110K |
|
683
Turning Point Brands
TPB
$1.4B
| $130K | ﹤0.01% |
+3,141
| New | +$110K |
|
684
Eagle Materials
EXP
$5.59B
| $128K | ﹤0.01% |
1,500
| – | – |
|
685
Brookdale Senior Living
BKD
$2.83B
| $126K | ﹤0.01% |
12,800
| – | – |
|
686
CoStar Group
CSGP
$12.8B
| $126K | ﹤0.01% |
3,000
| – | – |
|
687
Renasant Corp
RNST
$3.74B
| $124K | ﹤0.01% |
+3,017
| New | +$137K |
|
688
Jacobs Solutions
J
$17B
| $122K | ﹤0.01% |
1,934
| – | – |
|
689
Orthofix Medical
OFIX
$370M
| $122K | ﹤0.01% |
+2,102
| New | +$118K |
|
690
TriCo Bancshares
TCBK
$1.72B
| $121K | ﹤0.01% |
+3,131
| New | +$121K |
|
691
American Electric Power
AEP
$65.7B
| $120K | ﹤0.01% |
1,700
| – | – |
|
692
Axalta
AXTA
$7.12B
| $120K | ﹤0.01% |
4,100
| – | – |
|
|
HZNP
693
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $120K | ﹤0.01% |
6,117
+4,001
| +189% | +$76.1K |
|
|
ATHN
694
DELISTED
Athenahealth, Inc.
ATHN
| $120K | ﹤0.01% |
900
| – | – |
|
695
Arrow Financial
AROW
$719M
| $119K | ﹤0.01% |
+3,720
| New | +$121K |
|
696
AngioDynamics
ANGO
$648M
| $116K | ﹤0.01% |
5,317
| – | – |
|
697
Cerus
CERS
$504M
| $112K | ﹤0.01% |
+15,523
| New | +$113K |
|
698
American Eagle Outfitters
AEO
$2.48B
| $111K | ﹤0.01% |
4,459
+3,873
| +661% | +$98.1K |
|
699
Antero Resources
AR
$11.9B
| $110K | ﹤0.01% |
6,200
| – | – |
|
700
Kraft Heinz
KHC
$29.3B
| $110K | ﹤0.01% |
2,000
| – | – |
|
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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.