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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
-18.18%
1 Year Est. Return
+24.2%
3 Year Est. Return
+90.61%
5 Year Est. Return
+144.35%
10 Year Est. Return
–
AUM
$687M
AUM Growth
-$508M
(-43%)
Cap. Flow
-$296M
Cap. Flow
% of AUM
-43.04%
Top 10 Holdings %
Top 10 Hldgs %
24.56%
Holding
709
New
141
Increased
123
Reduced
198
Closed
74
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Robert Half
RHI
|
+$5.73M |
| 2 |
ProPetro Holding
PUMP
|
+$5.7M |
| 3 |
UnitedHealth
UNH
|
+$5.11M |
| 4 |
Eli Lilly
LLY
|
+$4.53M |
| 5 |
Mastercard
MA
|
+$4.48M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Real Estate ETF
VNQ
|
+$203M |
| 2 |
Vanguard Global ex-US Real Estate ETF
VNQI
|
+$21.4M |
| 3 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$12.1M |
| 4 |
iShares TIPS Bond ETF
TIP
|
+$6.75M |
| 5 |
Silgan Holdings
SLGN
|
+$5.44M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.06% |
| 2 | Healthcare | 14.62% |
| 3 | Financials | 13.23% |
| 4 | Consumer Discretionary | 11.01% |
| 5 | Communication Services | 8.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SRC
176
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $920K | 0.13% |
+35,199
| New | +$1.59M |
|
|
SEM
177
DELISTED
Select Medical
SEM
| $919K | 0.13% |
113,650
+59,702
| +111% | +$709K |
|
178
Phillips 66
PSX
$84.9B
| $917K | 0.13% |
17,085
-36,674
| -68% | -$2.98M |
|
179
Equinix
EQIX
$101B
| $888K | 0.13% |
1,422
-404
| -22% | -$242K |
|
180
Minerals Technologies
MTX
$2.37B
| $881K | 0.13% |
24,310
| – | – |
|
181
American Homes 4 Rent
AMH
$12B
| $870K | 0.13% |
37,498
-10,200
| -21% | -$269K |
|
182
FormFactor
FORM
$8.49B
| $857K | 0.12% |
42,669
+35,918
| +532% | +$858K |
|
|
RYZ
183
Ryerson Holding Corp
RYZ
$1.46B
| $850K | 0.12% |
159,740
+88,938
| +126% | +$784K |
|
184
Philip Morris
PM
$297B
| $849K | 0.12% |
11,636
-1,115
| -9% | -$91.8K |
|
185
Curtiss-Wright
CW
$27B
| $842K | 0.12% |
9,111
| – | – |
|
186
RenaissanceRe
RNR
$13.4B
| $840K | 0.12% |
5,626
| – | – |
|
187
NVR
NVR
$16.4B
| $832K | 0.12% |
324
-52
| -14% | -$186K |
|
188
EXL Service
EXLS
$5.15B
| $815K | 0.12% |
+78,275
| New | +$1.07M |
|
|
TBI
189
Trueblue
TBI
$216M
| $815K | 0.12% |
63,869
+42,503
| +199% | +$761K |
|
190
T-Mobile US
TMUS
$185B
| $815K | 0.12% |
9,719
+3,919
| +68% | +$332K |
|
191
Expedia Group
EXPE
$35.5B
| $814K | 0.12% |
14,472
-918
| -6% | -$88.2K |
|
|
AZPN
192
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $809K | 0.12% |
8,508
-35,613
| -81% | -$3.39M |
|
193
Entegris
ENTG
$18.6B
| $797K | 0.12% |
17,800
| – | – |
|
194
Pool Corp
POOL
$6.76B
| $794K | 0.12% |
+4,036
| New | +$859K |
|
195
Kosmos Energy
KOS
$1.58B
| $789K | 0.11% |
880,577
+421,446
| +92% | +$1.67M |
|
196
Verizon
VZ
$196B
| $788K | 0.11% |
14,670
-1,687
| -10% | -$96.5K |
|
|
TECD
197
DELISTED
Tech Data Corp
TECD
| $782K | 0.11% |
5,976
| – | – |
|
198
IDEX
IEX
$17B
| $776K | 0.11% |
+5,616
| New | +$881K |
|
199
Exponent
EXPO
$3.22B
| $773K | 0.11% |
10,746
| – | – |
|
200
Insight Enterprises
NSIT
$3.9B
| $761K | 0.11% |
18,061
+8,473
| +88% | +$490K |
|
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First Quadrant's Q1 2020 Portfolio in Review
As of Q1 2020, First Quadrant held 709 positions worth $687M, down 43% from $1.2B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
First Quadrant withdrew a net $296M in Q1 2020, closing 74 positions and reducing 198 holdings. Its most notable exit was Vanguard Real Estate ETF, an estimated $203M position sold in full.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 14% a quarter earlier, followed by Healthcare and Financials.
Against the trend, First Quadrant opened a new position in Robert Half worth $3.99M.
- First Quadrant's largest Q1 2020 buy was Robert Half: 105,786 shares worth $3.99M.
- First Quadrant added most to ProPetro Holding in Q1 2020, an estimated $5.7M increase.
- First Quadrant's biggest Q1 2020 reduction was iShares iBoxx $ High Yield Corporate Bond ETF, cutting an estimated $12.1M.
- First Quadrant fully exited Vanguard Real Estate ETF in Q1 2020, selling an estimated $203M.
- First Quadrant's ten largest holdings make up 25% of its $687M portfolio in Q1 2020.
- First Quadrant opened 141 new positions and closed 74 in Q1 2020.
- First Quadrant's portfolio value fell 43% quarter-over-quarter to $687M.
Based on First Quadrant's 13F filing for Q1 2020, filed 5 May 2020.