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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
-12.43%
1 Year Est. Return
+24.2%
3 Year Est. Return
+90.61%
5 Year Est. Return
+144.35%
10 Year Est. Return
–
AUM
$1.24B
AUM Growth
-$3.26B
(-72%)
Cap. Flow
-$2.84B
Cap. Flow
% of AUM
-229.02%
Top 10 Holdings %
Top 10 Hldgs %
25.78%
Holding
912
New
82
Increased
112
Reduced
260
Closed
114
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cigna
CI
|
+$3.47M |
| 2 |
CVS Health
CVS
|
+$2.91M |
| 3 |
LXP Industrial Trust
LXP
|
+$1.42M |
| 4 |
Rexford Industrial Realty
REXR
|
+$1.26M |
| 5 |
CLDT
Chatham Lodging
CLDT
|
+$995K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$79.7M |
| 2 |
Microsoft
MSFT
|
+$67.1M |
| 3 |
Vanguard Real Estate ETF
VNQ
|
+$55.2M |
| 4 |
Amazon
AMZN
|
+$55.1M |
| 5 |
UnitedHealth
UNH
|
+$40.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.46% |
| 2 | Technology | 14.16% |
| 3 | Healthcare | 13.85% |
| 4 | Industrials | 11.28% |
| 5 | Consumer Discretionary | 9.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
TTM Technologies
TTMI
$10.6B
| $1.29M | 0.1% |
132,407
-4,685
| -3% | -$57.5K |
|
202
3M
MMM
$91.8B
| $1.28M | 0.1% |
8,013
| – | – |
|
203
Cadence Design Systems
CDNS
$91.6B
| $1.27M | 0.1% |
29,307
-470,012
| -94% | -$20.4M |
|
204
Arthur J. Gallagher & Co
AJG
$69.1B
| $1.27M | 0.1% |
17,260
-266,031
| -94% | -$19.9M |
|
205
Centene
CNC
$30.5B
| $1.26M | 0.1% |
21,900
-12
| -0.1% | -$803 |
|
206
Innospec
IOSP
$2.09B
| $1.26M | 0.1% |
20,400
| – | – |
|
207
Helen of Troy
HELE
$656M
| $1.25M | 0.1% |
9,528
+2,093
| +28% | +$275K |
|
208
Cooper Companies
COO
$14.2B
| $1.25M | 0.1% |
19,600
| – | – |
|
209
Kemper
KMPR
$1.81B
| $1.24M | 0.1% |
18,694
+5,374
| +40% | +$392K |
|
|
STI
210
DELISTED
SunTrust Banks, Inc.
STI
| $1.23M | 0.1% |
24,425
| – | – |
|
211
Haemonetics
HAE
$3.88B
| $1.22M | 0.1% |
12,236
-180,099
| -94% | -$18.9M |
|
212
Zoetis
ZTS
$32.7B
| $1.2M | 0.1% |
14,071
-293,729
| -95% | -$26.5M |
|
213
Westlake Corp
WLK
$9.26B
| $1.2M | 0.1% |
18,100
| – | – |
|
214
Vertex Pharmaceuticals
VRTX
$123B
| $1.19M | 0.1% |
7,182
-127,235
| -95% | -$22M |
|
|
ISCA
215
DELISTED
International Speedway Corp
ISCA
| $1.19M | 0.1% |
27,102
-20,675
| -43% | -$834K |
|
216
ConocoPhillips
COP
$144B
| $1.19M | 0.1% |
19,058
-313,397
| -94% | -$21.3M |
|
217
Four Corners Property Trust
FCPT
$2.89B
| $1.18M | 0.09% |
44,986
+13,286
| +42% | +$352K |
|
|
218
Rexford Industrial Realty
REXR
$8.63B
| $1.18M | 0.09% |
+39,932
| New | +$1.26M |
|
219
SEI Investments
SEIC
$12.3B
| $1.18M | 0.09% |
25,455
-289,219
| -92% | -$15.2M |
|
220
Bank of N.T. Butterfield & Son
NTB
$2.41B
| $1.17M | 0.09% |
37,304
+3,444
| +10% | +$141K |
|
221
ONE Gas
OGS
$5.01B
| $1.14M | 0.09% |
14,300
| – | – |
|
222
Assured Guaranty
AGO
$3.73B
| $1.13M | 0.09% |
29,400
| – | – |
|
223
Sysco
SYY
$40.8B
| $1.11M | 0.09% |
17,791
-287,544
| -94% | -$19.4M |
|
|
HRC
224
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $1.09M | 0.09% |
12,300
| – | – |
|
|
TRK
225
DELISTED
Speedway Motorsports, Inc.
TRK
| $1.09M | 0.09% |
66,873
+7,558
| +13% | +$124K |
|
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First Quadrant's Q4 2018 Portfolio in Review
As of Q4 2018, First Quadrant held 912 positions worth $1.24B, down 72% from $4.5B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
First Quadrant withdrew a net $2.84B in Q4 2018, closing 114 positions and reducing 260 holdings. Its most notable exit was S&P Global, an estimated $21.8M position sold in full.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 14% a quarter earlier, followed by Technology and Healthcare.
Against the trend, First Quadrant opened a new position in LXP Industrial Trust worth $1.41M.
- First Quadrant's largest Q4 2018 buy was LXP Industrial Trust: 34,392 shares worth $1.41M.
- First Quadrant added most to Cigna in Q4 2018, an estimated $3.47M increase.
- First Quadrant's biggest Q4 2018 reduction was Apple, cutting an estimated $79.7M.
- First Quadrant fully exited S&P Global in Q4 2018, selling an estimated $21.8M.
- First Quadrant's ten largest holdings make up 26% of its $1.24B portfolio in Q4 2018.
- First Quadrant opened 82 new positions and closed 114 in Q4 2018.
- First Quadrant's portfolio value fell 72% quarter-over-quarter to $1.24B.
Based on First Quadrant's 13F filing for Q4 2018, filed 24 Jan 2019.