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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
+144.39%
10 Year Est. Return
–
AUM
$1.24B
AUM Growth
-$3.26B
(-72%)
Cap. Flow
-$2.84B
Cap. Flow
% of AUM
-229.02%
Top 10 Holdings %
Top 10 Hldgs %
25.78%
Holding
912
New
82
Increased
112
Reduced
260
Closed
114
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cigna
CI
|
+$3.47M |
| 2 |
CVS Health
CVS
|
+$2.91M |
| 3 |
LXP Industrial Trust
LXP
|
+$1.42M |
| 4 |
Rexford Industrial Realty
REXR
|
+$1.26M |
| 5 |
CLDT
Chatham Lodging
CLDT
|
+$995K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$79.7M |
| 2 |
Microsoft
MSFT
|
+$67.1M |
| 3 |
Vanguard Real Estate ETF
VNQ
|
+$55.2M |
| 4 |
Amazon
AMZN
|
+$55.1M |
| 5 |
UnitedHealth
UNH
|
+$40.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.62% |
| 2 | Technology | 14.51% |
| 3 | Healthcare | 14.35% |
| 4 | Miscellaneous | 11.79% |
| 5 | Industrials | 11.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Arrow Electronics
ARW
$10.9B
| $2.82M | 0.23% |
40,900
| – | – |
|
102
Copart
CPRT
$29B
| $2.75M | 0.22% |
230,000
-24
| -0% | -$296 |
|
103
Boeing
BA
$165B
| $2.72M | 0.22% |
8,435
-7,096
| -46% | -$2.45M |
|
104
Factset
FDS
$9.95B
| $2.69M | 0.22% |
13,462
| – | – |
|
105
Assurant
AIZ
$14.1B
| $2.63M | 0.21% |
29,400
| – | – |
|
106
Entegris
ENTG
$19.6B
| $2.61M | 0.21% |
93,588
-573,696
| -86% | -$15.5M |
|
107
Netflix
NFLX
$325B
| $2.61M | 0.21% |
97,400
-321,740
| -77% | -$9.63M |
|
108
Western Digital
WDC
$148B
| $2.59M | 0.21% |
92,642
| – | – |
|
109
Gentex
GNTX
$4.71B
| $2.58M | 0.21% |
127,827
-829,973
| -87% | -$17.4M |
|
110
Pfizer
PFE
$157B
| $2.55M | 0.21% |
61,570
-949,769
| -94% | -$39.4M |
|
111
First Industrial Realty Trust
FR
$8.11B
| $2.53M | 0.2% |
87,514
-4,755
| -5% | -$147K |
|
112
Reinsurance Group of America
RGA
$16.2B
| $2.52M | 0.2% |
17,983
+522
| +3% | +$74K |
|
113
Cathay General Bancorp
CATY
$4.17B
| $2.46M | 0.2% |
73,497
| – | – |
|
114
Aflac
AFL
$59B
| $2.45M | 0.2% |
53,745
| – | – |
|
115
Progressive
PGR
$128B
| $2.42M | 0.19% |
40,089
-342,207
| -90% | -$22.8M |
|
116
Graphic Packaging
GPK
$2.85B
| $2.41M | 0.19% |
226,799
| – | – |
|
117
L3Harris
LHX
$46.5B
| $2.4M | 0.19% |
17,800
| – | – |
|
118
United Rentals
URI
$61.4B
| $2.38M | 0.19% |
23,232
| – | – |
|
119
Teradata
TDC
$2.75B
| $2.34M | 0.19% |
61,000
| – | – |
|
120
Fabrinet
FN
$13.5B
| $2.33M | 0.19% |
45,396
+5,905
| +15% | +$283K |
|
121
CACI
CACI
$14B
| $2.31M | 0.19% |
16,027
| – | – |
|
122
MGIC Investment
MTG
$6.13B
| $2.29M | 0.18% |
218,940
-1,265,478
| -85% | -$14.8M |
|
123
Nike
NKE
$54B
| $2.27M | 0.18% |
30,623
-317,058
| -91% | -$23.7M |
|
124
CDW
CDW
$19.2B
| $2.24M | 0.18% |
27,648
-225,919
| -89% | -$19.5M |
|
125
Moog Inc Class A
MOG.A
$11.3B
| $2.21M | 0.18% |
28,568
-39
| -0.1% | -$3.09K |
|
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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 17% 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.