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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 | |
|---|---|---|---|---|---|---|
126
Bright Horizons
BFAM
$4.35B
| $13.5M | 0.3% |
114,952
-2,068
| -2% | -$234K |
|
127
Old Republic International
ORI
$10.9B
| $13.5M | 0.3% |
+603,467
| New | +$13M |
|
128
Oracle
ORCL
$339B
| $13.3M | 0.3% |
257,911
-11
| -0% | -$534 |
|
129
Humana
HUM
$43.9B
| $13.2M | 0.29% |
39,005
+26,997
| +225% | +$8.77M |
|
130
Celanese
CE
$4.82B
| $13M | 0.29% |
114,397
+108,641
| +1,887% | +$12.5M |
|
|
NATI
131
DELISTED
National Instruments Corp
NATI
| $12.9M | 0.29% |
266,849
+90,959
| +52% | +$4.15M |
|
|
SPR
132
DELISTED
Spirit AeroSystems
SPR
| $12.7M | 0.28% |
138,110
+42,544
| +45% | +$3.74M |
|
133
East-West Bancorp
EWBC
$17.8B
| $12.5M | 0.28% |
207,801
-133,345
| -39% | -$8.56M |
|
|
LPT
134
DELISTED
Liberty Property Trust
LPT
| $11.9M | 0.27% |
282,214
+99,324
| +54% | +$4.31M |
|
|
UMPQ
135
DELISTED
Umpqua Holdings Corp
UMPQ
| $11.9M | 0.26% |
572,815
+254,661
| +80% | +$5.57M |
|
136
Bruker
BRKR
$9.4B
| $11.9M | 0.26% |
354,854
-474,266
| -57% | -$15.6M |
|
137
Signet Jewelers
SIG
$3.84B
| $11.6M | 0.26% |
175,503
-420,920
| -71% | -$25.9M |
|
|
138
Synopsys
SNPS
$71.6B
| $11.3M | 0.25% |
115,016
-303,863
| -73% | -$29M |
|
139
Sprouts Farmers Market
SFM
$7.44B
| $11.3M | 0.25% |
410,784
+5,108
| +1% | +$125K |
|
|
STAY
140
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $11.2M | 0.25% |
555,722
-282,875
| -34% | -$5.89M |
|
|
CLR
141
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $11M | 0.25% |
161,465
-146,546
| -48% | -$9.25M |
|
142
Jones Lang LaSalle
JLL
$15.8B
| $10.9M | 0.24% |
75,724
-36,752
| -33% | -$5.78M |
|
143
Evercore
EVR
$11.8B
| $10.9M | 0.24% |
108,610
+57,707
| +113% | +$6.22M |
|
144
Armstrong World Industries
AWI
$7.37B
| $10.8M | 0.24% |
154,497
-10,847
| -7% | -$748K |
|
|
CLGX
145
DELISTED
Corelogic, Inc.
CLGX
| $10.6M | 0.24% |
213,925
+51,799
| +32% | +$2.64M |
|
146
John Wiley & Sons Class A
WLY
$2.83B
| $10.4M | 0.23% |
171,109
+33,747
| +25% | +$2.1M |
|
|
SRC
147
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $10.3M | 0.23% |
255,162
+182,330
| +250% | +$7.55M |
|
148
Steel Dynamics
STLD
$36.4B
| $9.92M | 0.22% |
219,461
-56,835
| -21% | -$2.62M |
|
149
Salesforce
CRM
$154B
| $9.74M | 0.22% |
61,221
-25,105
| -29% | -$3.73M |
|
150
NVIDIA
NVDA
$4.6T
| $9.66M | 0.21% |
1,375,360
-3,442,360
| -71% | -$22.4M |
|
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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.