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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
-18.18%
1 Year Est. Return
+24.2%
3 Year Est. Return
+90.61%
5 Year Est. Return
+144.35%
10 Year Est. Return
–
AUM
$687M
AUM Growth
-$508M
(-43%)
Cap. Flow
-$296M
Cap. Flow
% of AUM
-43.04%
Top 10 Holdings %
Top 10 Hldgs %
24.56%
Holding
709
New
141
Increased
123
Reduced
198
Closed
74
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Robert Half
RHI
|
+$5.73M |
| 2 |
ProPetro Holding
PUMP
|
+$5.7M |
| 3 |
UnitedHealth
UNH
|
+$5.11M |
| 4 |
Eli Lilly
LLY
|
+$4.53M |
| 5 |
Mastercard
MA
|
+$4.48M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Real Estate ETF
VNQ
|
+$203M |
| 2 |
Vanguard Global ex-US Real Estate ETF
VNQI
|
+$21.4M |
| 3 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$12.1M |
| 4 |
iShares TIPS Bond ETF
TIP
|
+$6.75M |
| 5 |
Silgan Holdings
SLGN
|
+$5.44M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.06% |
| 2 | Healthcare | 14.62% |
| 3 | Financials | 13.23% |
| 4 | Consumer Discretionary | 11.01% |
| 5 | Communication Services | 8.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
LXP Industrial Trust
LXP
$3.58B
| $2.26M | 0.33% |
45,430
| – | – |
|
77
Comcast
CMCSA
$83.6B
| $2.24M | 0.33% |
65,112
+670
| +1% | +$28.3K |
|
78
US Foods
USFD
$22.1B
| $2.18M | 0.32% |
123,249
-161,432
| -57% | -$5.41M |
|
|
NATI
79
DELISTED
National Instruments Corp
NATI
| $2.18M | 0.32% |
65,962
+30,958
| +88% | +$1.24M |
|
|
EQC
80
DELISTED
Equity Commonwealth
EQC
| $2.18M | 0.32% |
68,705
+3,601
| +6% | +$115K |
|
81
Rexford Industrial Realty
REXR
$8.5B
| $2.18M | 0.32% |
53,056
+28,194
| +113% | +$1.3M |
|
82
Hawaiian Electric Industries
HE
$2.26B
| $2.17M | 0.32% |
50,394
+3,850
| +8% | +$178K |
|
83
Flowers Foods
FLO
$1.5B
| $2.15M | 0.31% |
104,967
-12,016
| -10% | -$262K |
|
84
MGIC Investment
MTG
$6.19B
| $2.15M | 0.31% |
338,848
-49,267
| -13% | -$595K |
|
85
Intuit
INTU
$85.8B
| $2.14M | 0.31% |
9,287
-2,459
| -21% | -$666K |
|
86
Zoetis
ZTS
$31.7B
| $2.11M | 0.31% |
17,945
+4,735
| +36% | +$623K |
|
87
CSX Corp
CSX
$92.9B
| $2.11M | 0.31% |
110,487
| – | – |
|
88
Steris
STE
$22.4B
| $2.09M | 0.3% |
14,946
| – | – |
|
89
Cadence Design Systems
CDNS
$93B
| $2.09M | 0.3% |
31,637
+1,302
| +4% | +$90.3K |
|
90
Allstate
ALL
$68.1B
| $2.07M | 0.3% |
22,608
-1,700
| -7% | -$185K |
|
|
HOLX
91
DELISTED
Hologic
HOLX
| $2.06M | 0.3% |
58,772
-36,766
| -38% | -$1.75M |
|
92
ConocoPhillips
COP
$145B
| $2.06M | 0.3% |
66,773
+11,891
| +22% | +$605K |
|
93
LKQ Corp
LKQ
$5.67B
| $2M | 0.29% |
97,290
-25,806
| -21% | -$765K |
|
94
Chevron
CVX
$385B
| $1.97M | 0.29% |
27,232
-1,790
| -6% | -$177K |
|
95
Nike
NKE
$62.2B
| $1.94M | 0.28% |
23,442
+480
| +2% | +$44.7K |
|
96
Reinsurance Group of America
RGA
$15.6B
| $1.93M | 0.28% |
22,977
| – | – |
|
97
Incyte
INCY
$24.2B
| $1.89M | 0.28% |
25,865
+65
| +0.3% | +$4.91K |
|
98
AGCO
AGCO
$7.56B
| $1.85M | 0.27% |
39,186
| – | – |
|
99
Synchrony
SYF
$25B
| $1.84M | 0.27% |
114,461
+20,439
| +22% | +$596K |
|
100
Central Garden & Pet Co Class A
CENTA
$2.34B
| $1.84M | 0.27% |
89,979
-51
| -0.1% | -$1.13K |
|
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First Quadrant's Q1 2020 Portfolio in Review
As of Q1 2020, First Quadrant held 709 positions worth $687M, down 43% from $1.2B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
First Quadrant withdrew a net $296M in Q1 2020, closing 74 positions and reducing 198 holdings. Its most notable exit was Vanguard Real Estate ETF, an estimated $203M position sold in full.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 14% a quarter earlier, followed by Healthcare and Financials.
Against the trend, First Quadrant opened a new position in Robert Half worth $3.99M.
- First Quadrant's largest Q1 2020 buy was Robert Half: 105,786 shares worth $3.99M.
- First Quadrant added most to ProPetro Holding in Q1 2020, an estimated $5.7M increase.
- First Quadrant's biggest Q1 2020 reduction was iShares iBoxx $ High Yield Corporate Bond ETF, cutting an estimated $12.1M.
- First Quadrant fully exited Vanguard Real Estate ETF in Q1 2020, selling an estimated $203M.
- First Quadrant's ten largest holdings make up 25% of its $687M portfolio in Q1 2020.
- First Quadrant opened 141 new positions and closed 74 in Q1 2020.
- First Quadrant's portfolio value fell 43% quarter-over-quarter to $687M.
Based on First Quadrant's 13F filing for Q1 2020, filed 5 May 2020.