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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
CASY icon
726
Casey's General Stores
CASY
$32.1B
$51K ﹤0.01%
400
– –
TTGT icon
727
TechTarget
TTGT
$327M
$51K ﹤0.01%
4,156
-4,217
-50% -$69.5K
LOXO
728
DELISTED
Loxo Oncology, Inc
LOXO
$49K ﹤0.01%
351
-43,812
-99% -$6.65M
AXTI icon
729
AXT Inc
AXTI
$2.42B
$47K ﹤0.01%
10,889
– –
ETSY icon
730
Etsy
ETSY
$8.12B
$45K ﹤0.01%
+949
New +$44.7K
ICHR icon
731
Ichor Holdings
ICHR
$2.17B
$45K ﹤0.01%
2,741
– –
PRA
732
DELISTED
ProAssurance
PRA
$44K ﹤0.01%
1,079
-21
-2% -$901
NASB
733
DELISTED
NASB FINL INC
NASB
$44K ﹤0.01%
1,040
– –
ITRI icon
734
Itron
ITRI
$4.48B
$43K ﹤0.01%
900
– –
TSBK icon
735
Timberland Bancorp
TSBK
$352M
$43K ﹤0.01%
1,924
– –
SHLO
736
DELISTED
Shiloh Industries Inc
SHLO
$43K ﹤0.01%
7,363
– –
DOC
737
DELISTED
PHYSICIANS REALTY TRUST
DOC
$43K ﹤0.01%
2,679
– –
LW icon
738
Lamb Weston
LW
$7.42B
$42K ﹤0.01%
566
– –
PROV icon
739
Provident Financial
PROV
$111M
$42K ﹤0.01%
2,699
– –
UBFO
740
DELISTED
United Security Bancshares
UBFO
$42K ﹤0.01%
4,352
– –
VSEC icon
741
VSE Corp
VSEC
$5.19B
$41K ﹤0.01%
1,366
– –
VMW
742
DELISTED
VMware, Inc
VMW
$41K ﹤0.01%
300
– –
ATNI icon
743
ATN International
ATNI
$365M
$36K ﹤0.01%
500
– –
CAG icon
744
Conagra Brands
CAG
$7.42B
$36K ﹤0.01%
1,700
– –
ANCX
745
DELISTED
Access National Corp
ANCX
$36K ﹤0.01%
1,698
– –
CNX icon
746
CNX Resources
CNX
$4.91B
$35K ﹤0.01%
3,025
– –
YUMC icon
747
Yum China
YUMC
$15.7B
$34K ﹤0.01%
1,000
-425,057
-100% -$14.6M
OSG
748
DELISTED
Overseas Shipholding Group Inc.
OSG
$33K ﹤0.01%
20,000
– –
ZNGA
749
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
$32K ﹤0.01%
8,227
-609,407
-99% -$2.31M
ALB icon
750
Albemarle
ALB
$13.4B
$31K ﹤0.01%
+400
New +$37.7K
28 29
30
31 32

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.