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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
+144.35%
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 | 17.99% |
| 2 | Financials | 14.07% |
| 3 | Healthcare | 11.61% |
| 4 | Consumer Discretionary | 10.64% |
| 5 | Industrials | 10.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Verizon
VZ
$197B
| $21.7M | 0.48% |
406,633
+192,326
| +90% | +$10.2M |
|
52
Dollar General
DG
$28.4B
| $21.5M | 0.48% |
196,309
-98,296
| -33% | -$10.2M |
|
53
Waste Management
WM
$95B
| $21.3M | 0.47% |
236,206
-114,252
| -33% | -$10.1M |
|
54
Vanguard Global ex-US Real Estate ETF
VNQI
$3.51B
| $21.2M | 0.47% |
378,292
| – | – |
|
55
Arthur J. Gallagher & Co
AJG
$69.1B
| $21.1M | 0.47% |
283,291
-45,568
| -14% | -$3.27M |
|
|
HDS
56
DELISTED
HD Supply Holdings, Inc.
HDS
| $20.7M | 0.46% |
484,552
-211,042
| -30% | -$9.25M |
|
57
VF Corp
VFC
$5.92B
| $20.7M | 0.46% |
+234,774
| New | +$20M |
|
58
Johnson & Johnson
JNJ
$640B
| $20.6M | 0.46% |
148,951
-73,968
| -33% | -$9.83M |
|
59
Gentex
GNTX
$5.1B
| $20.6M | 0.46% |
957,800
-332,045
| -26% | -$7.68M |
|
60
Walt Disney
DIS
$171B
| $20.4M | 0.45% |
174,610
+38,708
| +28% | +$4.31M |
|
61
ExxonMobil
XOM
$650B
| $20.4M | 0.45% |
239,748
-110,547
| -32% | -$9.04M |
|
62
Ametek
AME
$53.9B
| $20.3M | 0.45% |
257,133
-8,530
| -3% | -$653K |
|
63
JetBlue
JBLU
$2.13B
| $20.3M | 0.45% |
1,045,947
-462,332
| -31% | -$8.77M |
|
64
Commerce Bancshares
CBSH
$8.68B
| $20.1M | 0.45% |
450,089
-178,360
| -28% | -$8.32M |
|
65
Park Hotels & Resorts
PK
$3.08B
| $20.1M | 0.45% |
612,503
-301,745
| -33% | -$9.74M |
|
66
US Foods
USFD
$22.5B
| $20M | 0.45% |
649,525
-312,826
| -33% | -$10.8M |
|
67
Ameren
AEE
$30.4B
| $19.9M | 0.44% |
314,893
-56,219
| -15% | -$3.54M |
|
68
Cognizant
CTSH
$26.5B
| $19.9M | 0.44% |
257,402
| – | – |
|
69
MGIC Investment
MTG
$6.47B
| $19.8M | 0.44% |
+1,484,418
| New | +$18.4M |
|
70
Maximus
MMS
$3.32B
| $19.6M | 0.44% |
300,707
+128,782
| +75% | +$8.36M |
|
|
PXD
71
DELISTED
Pioneer Natural Resource Co.
PXD
| $19.5M | 0.43% |
112,166
-54,532
| -33% | -$9.75M |
|
72
Intel
INTC
$413B
| $19.5M | 0.43% |
412,195
+143,490
| +53% | +$6.98M |
|
73
First American
FAF
$7.98B
| $19.4M | 0.43% |
376,107
-164,245
| -30% | -$8.99M |
|
74
Entegris
ENTG
$16.3B
| $19.3M | 0.43% |
667,284
+136,769
| +26% | +$4.6M |
|
75
Sabre
SABR
$716M
| $19.2M | 0.43% |
+737,621
| New | +$18.9M |
|
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CFG
AG
YEPV
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FFIM
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 18% of assets, up from 18% 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.