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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 | |
|---|---|---|---|---|---|---|
76
SEI Investments
SEIC
$12.3B
| $19.2M | 0.43% |
314,674
-161,782
| -34% | -$10M |
|
77
Rayonier
RYN
$6.67B
| $19.2M | 0.43% |
625,428
+313,026
| +100% | +$10M |
|
78
Emcor
EME
$29.9B
| $19.2M | 0.43% |
255,331
+115,733
| +83% | +$8.93M |
|
79
AutoZone
AZO
$51.3B
| $19M | 0.42% |
24,527
+4,165
| +20% | +$3.07M |
|
80
CBRE Group
CBRE
$43.3B
| $18.8M | 0.42% |
425,524
-184,732
| -30% | -$8.81M |
|
81
LivaNova
LIVN
$4.47B
| $18.7M | 0.42% |
150,722
+57,931
| +62% | +$6.83M |
|
82
HealthEquity
HQY
$8.71B
| $18.6M | 0.41% |
196,785
+140,413
| +249% | +$12.1M |
|
|
MXIM
83
DELISTED
Maxim Integrated Products
MXIM
| $18.6M | 0.41% |
329,096
-93,662
| -22% | -$5.65M |
|
84
TransUnion
TRU
$16B
| $18.5M | 0.41% |
252,013
-116,573
| -32% | -$8.67M |
|
85
Robert Half
RHI
$4.11B
| $18.5M | 0.41% |
262,238
-126,919
| -33% | -$9.3M |
|
86
Herbalife
HLF
$1.3B
| $18.4M | 0.41% |
336,737
-159,266
| -32% | -$8.8M |
|
87
Encompass Health
EHC
$11.3B
| $18.3M | 0.41% |
294,494
| – | – |
|
|
WCG
88
DELISTED
Wellcare Health Plans, Inc.
WCG
| $18.3M | 0.41% |
56,962
-44,895
| -44% | -$12.7M |
|
89
West Pharmaceutical
WST
$23.7B
| $18.2M | 0.4% |
147,348
| – | – |
|
90
Burlington
BURL
$23.4B
| $18.2M | 0.4% |
111,445
+31,329
| +39% | +$5M |
|
91
Reliance Steel & Aluminium
RS
$20.6B
| $18.1M | 0.4% |
212,307
+163,193
| +332% | +$14.4M |
|
92
Bank of America
BAC
$429B
| $18M | 0.4% |
612,226
-268,705
| -31% | -$8.18M |
|
93
OGE Energy
OGE
$9.86B
| $18M | 0.4% |
496,408
+16,569
| +3% | +$603K |
|
94
Graco
GGG
$13.2B
| $18M | 0.4% |
388,455
-205,854
| -35% | -$9.6M |
|
95
PBF Energy
PBF
$7.49B
| $17.8M | 0.4% |
+356,228
| New | +$16.9M |
|
|
CERN
96
DELISTED
Cerner Corp
CERN
| $17.6M | 0.39% |
273,995
-25,728
| -9% | -$1.64M |
|
|
BKI
97
DELISTED
Black Knight, Inc. Common Stock
BKI
| $17.5M | 0.39% |
337,459
-185,009
| -35% | -$9.92M |
|
98
Apple Hospitality REIT
APLE
$3.97B
| $17.3M | 0.39% |
990,691
-317,933
| -24% | -$5.64M |
|
99
Hewlett Packard
HPE
$58.8B
| $17.1M | 0.38% |
1,049,571
| – | – |
|
100
Church & Dwight Co
CHD
$23.7B
| $17.1M | 0.38% |
288,263
-158,153
| -35% | -$8.95M |
|
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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.