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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 | |
|---|---|---|---|---|---|---|
|
TCF
101
DELISTED
TCF Financial Corporation
TCF
| $17M | 0.38% |
712,803
-37,763
| -5% | -$958K |
|
102
Walmart Inc
WMT
$909B
| $17M | 0.38% |
542,082
+203,469
| +60% | +$6.22M |
|
103
HF Sinclair
DINO
$16.2B
| $17M | 0.38% |
242,574
+221,376
| +1,044% | +$15.6M |
|
104
Lazard
LAZ
$4B
| $16.8M | 0.37% |
349,914
-178,121
| -34% | -$8.86M |
|
105
American Financial Group
AFG
$11.9B
| $16.6M | 0.37% |
149,679
-60,942
| -29% | -$6.78M |
|
106
Highwoods Properties
HIW
$3.79B
| $16.6M | 0.37% |
351,237
+23,844
| +7% | +$1.18M |
|
107
Norfolk Southern
NSC
$75.4B
| $16.1M | 0.36% |
89,169
-57
| -0.1% | -$9.74K |
|
108
Kroger
KR
$36.7B
| $15.9M | 0.35% |
546,941
+355,414
| +186% | +$10.6M |
|
109
Union Pacific
UNP
$174B
| $15.7M | 0.35% |
96,459
-67
| -0.1% | -$10.1K |
|
110
Netflix
NFLX
$307B
| $15.7M | 0.35% |
419,140
-111,740
| -21% | -$4.06M |
|
111
Eastman Chemical
EMN
$7.69B
| $15.6M | 0.35% |
163,005
-97,175
| -37% | -$9.63M |
|
112
Huntsman Corp
HUN
$2.1B
| $15.5M | 0.34% |
569,253
-288,502
| -34% | -$8.79M |
|
113
Hershey
HSY
$37.3B
| $15.4M | 0.34% |
151,238
-127,789
| -46% | -$12.6M |
|
114
Brown-Forman Class B
BF.B
$13.5B
| $15.3M | 0.34% |
303,141
-150,463
| -33% | -$7.82M |
|
|
OPLN
115
Openlane
OPLN
$4.28B
| $15.1M | 0.34% |
669,385
-463,576
| -41% | -$10.7M |
|
116
Yum China
YUMC
$15.7B
| $15M | 0.33% |
426,057
-198,747
| -32% | -$7.08M |
|
117
Weyerhaeuser
WY
$17.6B
| $14.9M | 0.33% |
460,815
+398,524
| +640% | +$13.8M |
|
118
Thermo Fisher Scientific
TMO
$214B
| $14.8M | 0.33% |
60,577
-200
| -0.3% | -$46K |
|
|
WRI
119
DELISTED
Weingarten Realty Investors
WRI
| $14.7M | 0.33% |
495,544
-194,678
| -28% | -$5.91M |
|
120
Amgen
AMGN
$209B
| $14.7M | 0.33% |
71,101
-49,255
| -41% | -$9.71M |
|
121
Freeport-McMoran
FCX
$86.2B
| $14.5M | 0.32% |
1,041,435
-228,299
| -18% | -$3.45M |
|
122
Home Depot
HD
$337B
| $14M | 0.31% |
67,360
-12,781
| -16% | -$2.57M |
|
123
Hanover Insurance
THG
$8.13B
| $13.9M | 0.31% |
112,966
-56,866
| -33% | -$7.02M |
|
124
Lowe's Companies
LOW
$121B
| $13.9M | 0.31% |
121,232
+87,622
| +261% | +$9.13M |
|
125
Grand Canyon Education
LOPE
$4.22B
| $13.8M | 0.31% |
122,090
+17,480
| +17% | +$2.04M |
|
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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.