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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
+144.35%
10 Year Est. Return
–
AUM
$1.24B
AUM Growth
-$3.26B
Cap. Flow
-$2.84B
Cap. Flow %
-229.02%
Top 10 Hldgs %
25.78%
Holding
912
New
82
Increased
112
Reduced
260
Closed
114

Top Buys

Rank Stock Value
1
CI icon
Cigna
CI
+$3.47M
2
CVS icon
CVS Health
CVS
+$2.91M
3
LXP icon
LXP Industrial Trust
LXP
+$1.42M
4
REXR icon
Rexford Industrial Realty
REXR
+$1.26M
5
CLDT
Chatham Lodging
CLDT
+$995K

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$79.7M
2
MSFT icon
Microsoft
MSFT
+$67.1M
3
VNQ icon
Vanguard Real Estate ETF
VNQ
+$55.2M
4
AMZN icon
Amazon
AMZN
+$55.1M
5
UNH icon
UnitedHealth
UNH
+$40.3M

Sector Composition

Rank Sector Weight
1 Financials 16.46%
2 Technology 14.16%
3 Healthcare 13.85%
4 Industrials 11.28%
5 Consumer Discretionary 9.22%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ARW icon
101
Arrow Electronics
ARW
$10.5B
$2.82M 0.23%
40,900
– –
CPRT icon
102
Copart
CPRT
$28.5B
$2.75M 0.22%
230,000
-24
-0% -$296
BA icon
103
Boeing
BA
$169B
$2.72M 0.22%
8,435
-7,096
-46% -$2.45M
FDS icon
104
Factset
FDS
$10B
$2.69M 0.22%
13,462
– –
AIZ icon
105
Assurant
AIZ
$13.9B
$2.63M 0.21%
29,400
– –
ENTG icon
106
Entegris
ENTG
$16.3B
$2.61M 0.21%
93,588
-573,696
-86% -$15.5M
NFLX icon
107
Netflix
NFLX
$307B
$2.61M 0.21%
97,400
-321,740
-77% -$9.63M
WDC icon
108
Western Digital
WDC
$159B
$2.59M 0.21%
92,642
– –
GNTX icon
109
Gentex
GNTX
$5.1B
$2.58M 0.21%
127,827
-829,973
-87% -$17.4M
PFE icon
110
Pfizer
PFE
$143B
$2.55M 0.21%
61,570
-949,769
-94% -$39.4M
FR icon
111
First Industrial Realty Trust
FR
$8.66B
$2.53M 0.2%
87,514
-4,755
-5% -$147K
RGA icon
112
Reinsurance Group of America
RGA
$15.5B
$2.52M 0.2%
17,983
+522
+3% +$74K
CATY icon
113
Cathay General Bancorp
CATY
$4.23B
$2.46M 0.2%
73,497
– –
AFL icon
114
Aflac
AFL
$65.5B
$2.45M 0.2%
53,745
– –
PGR icon
115
Progressive
PGR
$128B
$2.42M 0.19%
40,089
-342,207
-90% -$22.8M
GPK icon
116
Graphic Packaging
GPK
$3.35B
$2.41M 0.19%
226,799
– –
LHX icon
117
L3Harris
LHX
$55.4B
$2.4M 0.19%
17,800
– –
URI icon
118
United Rentals
URI
$65.7B
$2.38M 0.19%
23,232
– –
TDC icon
119
Teradata
TDC
$2.88B
$2.34M 0.19%
61,000
– –
FN icon
120
Fabrinet
FN
$14.9B
$2.33M 0.19%
45,396
+5,905
+15% +$283K
CACI icon
121
CACI
CACI
$10.8B
$2.31M 0.19%
16,027
– –
MTG icon
122
MGIC Investment
MTG
$6.47B
$2.29M 0.18%
218,940
-1,265,478
-85% -$14.8M
NKE icon
123
Nike
NKE
$64.1B
$2.27M 0.18%
30,623
-317,058
-91% -$23.7M
CDW icon
124
CDW
CDW
$18.9B
$2.24M 0.18%
27,648
-225,919
-89% -$19.5M
MOG.A icon
125
Moog Inc Class A
MOG.A
$12.4B
$2.21M 0.18%
28,568
-39
-0.1% -$3.09K
3 4
5
6 7

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BC
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SCM
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CFG
Claremont Financial Group Claremont, California $23.4M AUM
AG
Aravt Global New York $11.3M AUM 3.78% 1-Year Est. Return
YEPV
Yorktown Energy Partners V New York $5.41M AUM
WIA
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LSM
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FFIM
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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 16% 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.