First Quadrant Portfolio holdings

First Quadrant's Q1 2019 Portfolio in Review

As of Q1 2019, First Quadrant held 896 positions worth $1.31B, up 5.1% from $1.24B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

First Quadrant withdrew a net $90.2M in Q1 2019, closing 193 positions and reducing 278 holdings. Its most notable exit was Vectren Corporation, an estimated $5.35M position sold in full.

By sector, the portfolio is most concentrated in Financials at 16% of assets, down from 17% a quarter earlier, followed by Technology and Healthcare.

Against the trend, First Quadrant opened a new position in Evercore worth $8.48M.

• First Quadrant's largest Q1 2019 buy was Evercore: 93,210 shares worth $8.48M.
• First Quadrant added most to OGE Energy in Q1 2019, an estimated $10.8M increase.
• First Quadrant's biggest Q1 2019 reduction was Marathon Petroleum, cutting an estimated $8.94M.
• First Quadrant fully exited Vectren Corporation in Q1 2019, selling an estimated $5.35M.
• First Quadrant's ten largest holdings make up 27% of its $1.31B portfolio in Q1 2019.
• First Quadrant opened 98 new positions and closed 193 in Q1 2019.
• First Quadrant's portfolio value rose 5.1% quarter-over-quarter to $1.31B.

Based on First Quadrant's 13F filing for Q1 2019, filed 24 Apr 2019.