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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
+3.45%
1 Year Est. Return
+24.2%
3 Year Est. Return
+90.61%
5 Year Est. Return
+144.35%
10 Year Est. Return
–
AUM
$1.06B
AUM Growth
-$377M
(-26%)
Cap. Flow
-$409M
Cap. Flow
% of AUM
-38.51%
Top 10 Holdings %
Top 10 Hldgs %
27.28%
Holding
733
New
39
Increased
98
Reduced
269
Closed
154
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sunstone Hotel Investors
SHO
|
+$7.98M |
| 2 |
Idacorp
IDA
|
+$7.48M |
| 3 |
First Industrial Realty Trust
FR
|
+$6.91M |
| 4 |
Essent Group
ESNT
|
+$6.26M |
| 5 |
eBay
EBAY
|
+$6.05M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Real Estate ETF
VNQ
|
+$32.9M |
| 2 |
Mastercard
MA
|
+$16.9M |
| 3 |
Thermo Fisher Scientific
TMO
|
+$11.9M |
| 4 |
Microsoft
MSFT
|
+$11.2M |
| 5 |
JPMorgan Chase
JPM
|
+$10.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 14.95% |
| 2 | Technology | 14.15% |
| 3 | Consumer Discretionary | 10.75% |
| 4 | Healthcare | 10.26% |
| 5 | Industrials | 8.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Clorox
CLX
$12B
| $2.66M | 0.25% |
17,500
| – | – |
|
102
Allstate
ALL
$70.6B
| $2.64M | 0.25% |
24,308
-993
| -4% | -$104K |
|
103
Gen Digital
GEN
$16.5B
| $2.63M | 0.25% |
+111,340
| New | +$2.6M |
|
104
CDW
CDW
$18.9B
| $2.61M | 0.25% |
21,196
-761
| -3% | -$87.3K |
|
105
Charter Communications
CHTR
$17.3B
| $2.6M | 0.24% |
6,299
-190
| -3% | -$76.7K |
|
106
CSX Corp
CSX
$94B
| $2.55M | 0.24% |
110,487
-235,926
| -68% | -$5.49M |
|
107
Colgate-Palmolive
CL
$74.8B
| $2.52M | 0.24% |
34,337
-8,794
| -20% | -$638K |
|
108
Warrior Met Coal
HCC
$4.17B
| $2.46M | 0.23% |
125,766
-64,171
| -34% | -$1.44M |
|
109
ExxonMobil
XOM
$650B
| $2.44M | 0.23% |
34,506
-6,965
| -17% | -$504K |
|
110
Tyson Foods
TSN
$21.5B
| $2.4M | 0.23% |
27,833
-22,423
| -45% | -$1.91M |
|
111
Hawaiian Electric Industries
HE
$2.26B
| $2.37M | 0.22% |
51,944
-15,012
| -22% | -$668K |
|
112
L3Harris
LHX
$55.4B
| $2.37M | 0.22% |
11,348
+3,948
| +53% | +$808K |
|
113
Incyte
INCY
$25.4B
| $2.35M | 0.22% |
31,612
-14,121
| -31% | -$1.14M |
|
114
Prestige Consumer Healthcare
PBH
$2.47B
| $2.33M | 0.22% |
+67,312
| New | +$2.22M |
|
115
LXP Industrial Trust
LXP
$3.52B
| $2.33M | 0.22% |
45,430
-11,125
| -20% | -$556K |
|
116
Ciena
CIEN
$46.8B
| $2.31M | 0.22% |
58,890
+46,443
| +373% | +$1.95M |
|
117
Cathay General Bancorp
CATY
$4.23B
| $2.27M | 0.21% |
65,400
| – | – |
|
118
Ionis Pharmaceuticals
IONS
$8.93B
| $2.24M | 0.21% |
37,414
-266
| -0.7% | -$17.3K |
|
|
CTXS
119
DELISTED
Citrix Systems Inc
CTXS
| $2.23M | 0.21% |
23,090
-30,104
| -57% | -$2.88M |
|
|
HDS
120
DELISTED
HD Supply Holdings, Inc.
HDS
| $2.2M | 0.21% |
56,104
-8,750
| -13% | -$343K |
|
121
Fidelity National Financial
FNF
$14.4B
| $2.19M | 0.21% |
51,166
-63,778
| -55% | -$2.65M |
|
|
EQC
122
DELISTED
Equity Commonwealth
EQC
| $2.19M | 0.21% |
63,804
-57,767
| -48% | -$1.94M |
|
123
Steris
STE
$22.9B
| $2.16M | 0.2% |
14,946
-12,060
| -45% | -$1.8M |
|
124
Abbott
ABT
$188B
| $2.09M | 0.2% |
24,984
| – | – |
|
125
Church & Dwight Co
CHD
$23.7B
| $2.08M | 0.2% |
27,624
+2,746
| +11% | +$208K |
|
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First Quadrant's Q3 2019 Portfolio in Review
As of Q3 2019, First Quadrant held 733 positions worth $1.06B, down 26% from $1.44B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
First Quadrant withdrew a net $409M in Q3 2019, closing 154 positions and reducing 269 holdings. Its most notable exit was Thermo Fisher Scientific, an estimated $11.9M position sold in full.
By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 16% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, First Quadrant opened a new position in Avient worth $5.75M.
- First Quadrant's largest Q3 2019 buy was Avient: 176,119 shares worth $5.75M.
- First Quadrant added most to Sunstone Hotel Investors in Q3 2019, an estimated $7.98M increase.
- First Quadrant's biggest Q3 2019 reduction was Vanguard Real Estate ETF, cutting an estimated $32.9M.
- First Quadrant fully exited Thermo Fisher Scientific in Q3 2019, selling an estimated $11.9M.
- First Quadrant's ten largest holdings make up 27% of its $1.06B portfolio in Q3 2019.
- First Quadrant opened 39 new positions and closed 154 in Q3 2019.
- First Quadrant's portfolio value fell 26% quarter-over-quarter to $1.06B.
Based on First Quadrant's 13F filing for Q3 2019, filed 25 Oct 2019.