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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
F icon
751
Ford
F
$60.9B
$31K ﹤0.01%
4,000
– –
AE
752
DELISTED
Adams Resources & Energy Inc
AE
$30K ﹤0.01%
770
– –
CSS
753
DELISTED
CSS Industries, Inc.
CSS
$29K ﹤0.01%
3,226
– –
KEY icon
754
KeyCorp
KEY
$23.8B
$28K ﹤0.01%
1,882
– –
LOGM
755
DELISTED
LogMein, Inc.
LOGM
$28K ﹤0.01%
346
– –
BEN icon
756
Franklin Resources
BEN
$16.8B
$27K ﹤0.01%
900
– –
CONE
757
DELISTED
CyrusOne Inc Common Stock
CONE
$27K ﹤0.01%
514
– –
EMWP
758
DELISTED
Eros Media World PLC
EMWP
$26K ﹤0.01%
155
– –
RARX
759
DELISTED
Ra Pharmaceuticals, Inc. Common Stock
RARX
$25K ﹤0.01%
1,361
– –
SLP icon
760
Simulations Plus
SLP
$371M
$24K ﹤0.01%
1,181
– –
NBL
761
DELISTED
Noble Energy, Inc.
NBL
$24K ﹤0.01%
1,300
– –
CRUS icon
762
Cirrus Logic
CRUS
$6.76B
$22K ﹤0.01%
+674
New +$25K
MCBC
763
DELISTED
Macatawa Bank Corp
MCBC
$22K ﹤0.01%
2,281
– –
APAM icon
764
Artisan Partners
APAM
$2.86B
$21K ﹤0.01%
930
– –
DLR icon
765
Digital Realty Trust
DLR
$69.6B
$21K ﹤0.01%
196
– –
ULH icon
766
Universal Logistics Holdings
ULH
$388M
$21K ﹤0.01%
1,149
– –
UNT
767
DELISTED
UNIT Corporation
UNT
$21K ﹤0.01%
+1,461
New +$31.6K
VOYA icon
768
Voya Financial
VOYA
$8.96B
$20K ﹤0.01%
491
– –
CRD.B icon
769
Crawford & Co Class B
CRD.B
$507M
$19K ﹤0.01%
2,124
– –
HALL
770
DELISTED
Hallmark Financial Services, Inc.
HALL
$19K ﹤0.01%
179
– –
NWS icon
771
News Corp Class B
NWS
$17.7B
$18K ﹤0.01%
1,569
-10,299
-87% -$135K
TRMB icon
772
Trimble
TRMB
$13.6B
$18K ﹤0.01%
550
– –
CORE
773
DELISTED
Core Mark Holding Co., Inc.
CORE
$18K ﹤0.01%
770
– –
QTS
774
DELISTED
QTS REALTY TRUST, INC.
QTS
$18K ﹤0.01%
474
– –
FDX icon
775
FedEx
FDX
$73B
$17K ﹤0.01%
103
– –
29 30
31
32 33

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.