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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 | |
|---|---|---|---|---|---|---|
126
Expedia Group
EXPE
$36.5B
| $2.07M | 0.19% |
15,390
+3,790
| +33% | +$501K |
|
127
CorVel
CRVL
$3.18B
| $2.07M | 0.19% |
81,951
+65,895
| +410% | +$1.87M |
|
|
AMTD
128
DELISTED
TD Ameritrade Holding Corp
AMTD
| $2.07M | 0.19% |
44,269
+6,832
| +18% | +$327K |
|
129
EastGroup Properties
EGP
$11.2B
| $2.06M | 0.19% |
16,520
+14,243
| +626% | +$1.74M |
|
|
BMCH
130
DELISTED
BMC Stock Holdings, Inc
BMCH
| $2.02M | 0.19% |
77,159
+64,600
| +514% | +$1.54M |
|
131
Huntington Ingalls Industries
HII
$11B
| $2.02M | 0.19% |
9,513
-12,820
| -57% | -$2.79M |
|
|
AIV
132
Aimco
AIV
$377M
| $2M | 0.19% |
287,683
-505,884
| -64% | -$3.43M |
|
133
Central Garden & Pet Co Class A
CENTA
$2.43B
| $2M | 0.19% |
90,030
-24,418
| -21% | -$486K |
|
134
Meritage Homes
MTH
$4.78B
| $1.93M | 0.18% |
54,992
+26,314
| +92% | +$822K |
|
135
NXP Semiconductors
NXPI
$60.8B
| $1.93M | 0.18% |
17,666
-6,911
| -28% | -$706K |
|
136
United Rentals
URI
$65.7B
| $1.91M | 0.18% |
15,313
-242
| -2% | -$29.3K |
|
137
CVR Energy
CVI
$3.48B
| $1.91M | 0.18% |
43,306
+28,976
| +202% | +$1.35M |
|
138
Cadence Design Systems
CDNS
$91.8B
| $1.9M | 0.18% |
28,765
-34,502
| -55% | -$2.43M |
|
139
Cogent Communications
CCOI
$635M
| $1.9M | 0.18% |
+34,487
| New | +$2.06M |
|
140
Citigroup
C
$213B
| $1.87M | 0.18% |
27,109
-310
| -1% | -$21.1K |
|
141
AT&T
T
$164B
| $1.86M | 0.18% |
65,047
| – | – |
|
142
Brown & Brown
BRO
$25.1B
| $1.83M | 0.17% |
50,765
+27
| +0.1% | +$966 |
|
143
Arista Networks
ANET
$199B
| $1.79M | 0.17% |
119,808
| – | – |
|
144
Procter & Gamble
PG
$340B
| $1.79M | 0.17% |
14,370
-26,647
| -65% | -$3.15M |
|
145
Devon Energy
DVN
$51.3B
| $1.75M | 0.16% |
72,609
+30,100
| +71% | +$753K |
|
146
Aflac
AFL
$65.5B
| $1.74M | 0.16% |
33,333
-15,400
| -32% | -$813K |
|
|
ALEX
147
DELISTED
Alexander & Baldwin
ALEX
| $1.68M | 0.16% |
68,688
+7,452
| +12% | +$175K |
|
148
Lowe's Companies
LOW
$121B
| $1.66M | 0.16% |
15,098
-26,164
| -63% | -$2.76M |
|
149
Zoetis
ZTS
$32.7B
| $1.65M | 0.15% |
13,210
-16,536
| -56% | -$2M |
|
150
Arch Capital
ACGL
$36.5B
| $1.6M | 0.15% |
38,086
-190
| -0.5% | -$7.49K |
|
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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.