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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 | |
|---|---|---|---|---|---|---|
176
Minerals Technologies
MTX
$2.29B
| $1.29M | 0.12% |
24,310
-5,913
| -20% | -$303K |
|
|
NATI
177
DELISTED
National Instruments Corp
NATI
| $1.29M | 0.12% |
30,710
+2,136
| +7% | +$91.7K |
|
|
DISCK
178
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $1.28M | 0.12% |
52,082
-33,328
| -39% | -$900K |
|
179
Citizens Financial Group
CFG
$30.1B
| $1.27M | 0.12% |
35,868
-61,607
| -63% | -$2.15M |
|
180
American Homes 4 Rent
AMH
$12.1B
| $1.26M | 0.12% |
48,800
| – | – |
|
181
Cable One
CABO
$237M
| $1.26M | 0.12% |
1,002
+27
| +3% | +$33.5K |
|
182
HCA Healthcare
HCA
$88.4B
| $1.25M | 0.12% |
10,400
| – | – |
|
183
Packaging Corp of America
PKG
$22.2B
| $1.25M | 0.12% |
11,800
-3,200
| -21% | -$324K |
|
|
AGR
184
DELISTED
Avangrid, Inc.
AGR
| $1.25M | 0.12% |
23,870
+14,379
| +152% | +$723K |
|
185
Integer Holdings
ITGR
$3.39B
| $1.24M | 0.12% |
16,452
+15,694
| +2,070% | +$1.24M |
|
186
AbbVie
ABBV
$465B
| $1.24M | 0.12% |
16,369
-31,730
| -66% | -$2.18M |
|
187
Jazz Pharmaceuticals
JAZZ
$16.1B
| $1.23M | 0.12% |
9,623
+900
| +10% | +$121K |
|
188
Deluxe
DLX
$1.25B
| $1.23M | 0.12% |
24,968
-2,682
| -10% | -$119K |
|
189
Air Products & Chemicals
APD
$65.5B
| $1.22M | 0.11% |
5,500
| – | – |
|
190
SBA Communications
SBAC
$19.8B
| $1.21M | 0.11% |
5,000
-500
| -9% | -$124K |
|
191
Capital One
COF
$128B
| $1.2M | 0.11% |
13,227
| – | – |
|
192
HEICO Corp Class A
HEI.A
$36B
| $1.2M | 0.11% |
12,318
-529
| -4% | -$56K |
|
193
Dolby
DLB
$4.97B
| $1.2M | 0.11% |
18,492
| – | – |
|
194
BWX Technologies
BWXT
$14.4B
| $1.19M | 0.11% |
20,825
-14
| -0.1% | -$782 |
|
195
Hubbell
HUBB
$24.4B
| $1.16M | 0.11% |
8,855
-15,907
| -64% | -$2.05M |
|
|
JNPR
196
DELISTED
Juniper Networks
JNPR
| $1.15M | 0.11% |
+46,621
| New | +$1.17M |
|
197
Pfizer
PFE
$143B
| $1.15M | 0.11% |
33,772
-6,372
| -16% | -$232K |
|
198
Alaska Air
ALK
$5.11B
| $1.15M | 0.11% |
17,656
-66,342
| -79% | -$4.18M |
|
|
TMHC
199
DELISTED
Taylor Morrison
TMHC
| $1.13M | 0.11% |
43,726
+4,169
| +11% | +$96.1K |
|
|
ANSS
200
DELISTED
Ansys
ANSS
| $1.13M | 0.11% |
5,100
-600
| -11% | -$126K |
|
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FFIM
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.