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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 | |
|---|---|---|---|---|---|---|
851
Amdocs
DOX
$6.03B
| – | – |
-320,391
| Closed | -$21.2M |
|
|
DX
852
Dynex Capital
DX
$3.17B
| – | – |
-5,226
| Closed | -$102K |
|
853
EPAM Systems
EPAM
$5.58B
| – | – |
-61,819
| Closed | -$7.69M |
|
854
Edgewell Personal Care
EPC
$1.3B
| – | – |
-6,642
| Closed | -$335K |
|
855
Exelixis
EXEL
$13.9B
| – | – |
-160,397
| Closed | -$3.45M |
|
856
Fortinet
FTNT
$112B
| – | – |
-540
| Closed | -$7K |
|
857
Fortive
FTV
$18.2B
| – | – |
-39,067
| Closed | -$1.9M |
|
|
GMS
858
DELISTED
GMS Inc
GMS
| – | – |
-2,346
| Closed | -$64K |
|
859
Warrior Met Coal
HCC
$4.17B
| – | – |
-848
| Closed | -$23K |
|
860
Hilton Grand Vacations
HGV
$4.04B
| – | – |
-646,643
| Closed | -$22.4M |
|
861
HP
HPQ
$26B
| – | – |
-72,003
| Closed | -$1.63M |
|
|
HTBK
862
DELISTED
Heritage Commerce
HTBK
| – | – |
-34,658
| Closed | -$589K |
|
863
Hexcel
HXL
$7.97B
| – | – |
-101
| Closed | -$7K |
|
864
Ingredion
INGR
$6.42B
| – | – |
-115,624
| Closed | -$12.8M |
|
865
La-Z-Boy
LZB
$1.64B
| – | – |
-125
| Closed | -$4K |
|
|
MASI
866
DELISTED
Masimo
MASI
| – | – |
-169,347
| Closed | -$16.5M |
|
|
MFA
867
MFA Financial
MFA
$932M
| – | – |
-71,102
| Closed | -$2.16M |
|
868
Molina Healthcare
MOH
$10.4B
| – | – |
-107,677
| Closed | -$10.5M |
|
869
National Fuel Gas
NFG
$7.69B
| – | – |
-26
| Closed | -$1K |
|
870
Newmark Group
NMRK
$2.64B
| – | – |
-58,407
| Closed | -$831K |
|
871
News Corp Class A
NWSA
$15.6B
| – | – |
-570,149
| Closed | -$8.84M |
|
872
Oceaneering
OII
$4.64B
| – | – |
-104,920
| Closed | -$2.67M |
|
873
Paycom
PAYC
$7.88B
| – | – |
-156,338
| Closed | -$15.5M |
|
874
Pitney Bowes
PBI
$2.39B
| – | – |
-170,463
| Closed | -$1.46M |
|
875
Principal Financial Group
PFG
$24.3B
| – | – |
-176,501
| Closed | -$9.35M |
|
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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.