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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
-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
AROC icon
701
Archrock
AROC
$6.16B
$67K 0.01%
8,898
– –
MDU icon
702
MDU Resources
MDU
$4.18B
$67K 0.01%
7,443
-59,772
-89% -$583K
STAY
703
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
$67K 0.01%
4,345
-551,377
-99% -$9.71M
IDXX icon
704
Idexx Laboratories
IDXX
$44.9B
$66K 0.01%
353
– –
HAS icon
705
Hasbro
HAS
$13.5B
$65K 0.01%
800
– –
NEO icon
706
NeoGenomics
NEO
$1.96B
$65K 0.01%
+5,164
New +$77K
TVTY
707
DELISTED
Tivity Health, Inc. Common Stock
TVTY
$65K 0.01%
+2,603
New +$86.5K
CRCM
708
DELISTED
CARE.COM, INC.
CRCM
$65K 0.01%
3,364
– –
EIGI
709
DELISTED
Endurance International Group Holdings, Inc.
EIGI
$61K ﹤0.01%
9,237
-38,338
-81% -$318K
KALV
710
DELISTED
KalVista Pharmaceuticals
KALV
$60K ﹤0.01%
3,054
– –
MD icon
711
Pediatrix Medical
MD
$2.2B
$59K ﹤0.01%
1,800
– –
UNFI icon
712
United Natural Foods
UNFI
$3.04B
$59K ﹤0.01%
5,560
-12,101
-69% -$254K
MSGN
713
DELISTED
MSG Networks Inc.
MSGN
$59K ﹤0.01%
2,500
-14,648
-85% -$374K
PTVCB
714
DELISTED
Protective Insurance Corporation Class B Common Stock
PTVCB
$59K ﹤0.01%
+3,555
New +$75.5K
AR icon
715
Antero Resources
AR
$10.9B
$58K ﹤0.01%
6,200
– –
SHBI icon
716
Shore Bancshares
SHBI
$820M
$58K ﹤0.01%
3,988
– –
SGEN
717
DELISTED
Seagen Inc. Common Stock
SGEN
$57K ﹤0.01%
1,000
– –
FTDR icon
718
Frontdoor
FTDR
$5.27B
$56K ﹤0.01%
+2,120
New +$62.8K
MDLZ icon
719
Mondelez International
MDLZ
$82.9B
$56K ﹤0.01%
1,400
– –
EAT icon
720
Brinker International
EAT
$8.82B
$55K ﹤0.01%
1,261
-18
-1% -$855
TEVA icon
721
Teva Pharmaceuticals
TEVA
$40.4B
$55K ﹤0.01%
3,579
– –
THC icon
722
Tenet Healthcare
THC
$22.2B
$55K ﹤0.01%
3,200
+278
+10% +$6.73K
NMTR
723
DELISTED
9 Meters Biopharma
NMTR
$55K ﹤0.01%
1,185
– –
UNIT
724
Uniti Group
UNIT
$2.52B
$54K ﹤0.01%
3,480
– –
SO icon
725
Southern Company
SO
$108B
$53K ﹤0.01%
1,200
– –
27 28
29
30 31

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.