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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
(-26%)
Cap. Flow
-$409M
Cap. Flow
% of AUM
-38.51%
Top 10 Holdings %
Top 10 Hldgs %
27.28%
Holding
733
New
39
Increased
98
Reduced
269
Closed
154
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sunstone Hotel Investors
SHO
|
+$7.98M |
| 2 |
Idacorp
IDA
|
+$7.48M |
| 3 |
First Industrial Realty Trust
FR
|
+$6.91M |
| 4 |
Essent Group
ESNT
|
+$6.26M |
| 5 |
eBay
EBAY
|
+$6.05M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Real Estate ETF
VNQ
|
+$32.9M |
| 2 |
Mastercard
MA
|
+$16.9M |
| 3 |
Thermo Fisher Scientific
TMO
|
+$11.9M |
| 4 |
Microsoft
MSFT
|
+$11.2M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
51
Norfolk Southern
NSC
$75.4B
| $5.01M | 0.47% |
27,875
-24,844
| -47% | -$4.57M |
|
52
Intel
INTC
$413B
| $4.88M | 0.46% |
94,657
-44,976
| -32% | -$2.21M |
|
53
Electronic Arts
EA
$52.4B
| $4.87M | 0.46% |
49,810
+22,889
| +85% | +$2.15M |
|
54
Walmart Inc
WMT
$909B
| $4.86M | 0.46% |
122,925
-85,779
| -41% | -$3.24M |
|
|
HOLX
55
DELISTED
Hologic
HOLX
| $4.78M | 0.45% |
94,617
+44,258
| +88% | +$2.18M |
|
56
Oracle
ORCL
$339B
| $4.72M | 0.44% |
85,842
-178,323
| -68% | -$9.85M |
|
57
Evergy
EVRG
$19.4B
| $4.66M | 0.44% |
70,067
+36,979
| +112% | +$2.34M |
|
58
Equity Lifestyle Properties
ELS
$13.1B
| $4.6M | 0.43% |
68,884
-64,222
| -48% | -$4.18M |
|
59
Radian Group
RDN
$5.28B
| $4.55M | 0.43% |
199,212
+132,966
| +201% | +$3.07M |
|
60
Maximus
MMS
$3.32B
| $4.34M | 0.41% |
56,136
+50,295
| +861% | +$3.82M |
|
61
Monster Beverage
MNST
$95.1B
| $4.28M | 0.4% |
147,516
-15,066
| -9% | -$456K |
|
62
Starbucks
SBUX
$119B
| $4.2M | 0.4% |
47,485
-26,441
| -36% | -$2.45M |
|
63
HP
HPQ
$26B
| $4.08M | 0.38% |
+215,626
| New | +$4.24M |
|
64
Union Pacific
UNP
$174B
| $4.06M | 0.38% |
25,058
-46,767
| -65% | -$7.86M |
|
65
Synopsys
SNPS
$71.6B
| $4M | 0.38% |
29,139
-15,400
| -35% | -$2.08M |
|
66
Johnson & Johnson
JNJ
$640B
| $4M | 0.38% |
30,892
-1,413
| -4% | -$186K |
|
67
AGCO
AGCO
$8.41B
| $3.97M | 0.37% |
52,486
-36,260
| -41% | -$2.66M |
|
68
MGIC Investment
MTG
$6.47B
| $3.95M | 0.37% |
313,643
+102,211
| +48% | +$1.32M |
|
69
Baxter International
BAX
$12.8B
| $3.87M | 0.36% |
44,221
-4,579
| -9% | -$391K |
|
70
The RMR Group
RMR
$335M
| $3.85M | 0.36% |
84,736
+20,964
| +33% | +$987K |
|
71
Bank of America
BAC
$429B
| $3.78M | 0.36% |
129,472
-41,810
| -24% | -$1.2M |
|
72
JetBlue
JBLU
$2.13B
| $3.65M | 0.34% |
217,867
+67,606
| +45% | +$1.23M |
|
73
Micron Technology
MU
$835B
| $3.59M | 0.34% |
83,860
-8,841
| -10% | -$400K |
|
74
Boston Scientific
BSX
$68.4B
| $3.58M | 0.34% |
87,906
| – | – |
|
75
HF Sinclair
DINO
$16.2B
| $3.58M | 0.34% |
66,667
-8,719
| -12% | -$423K |
|
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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.