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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 | |
|---|---|---|---|---|---|---|
201
Accenture
ACN
$106B
| $1.13M | 0.11% |
5,855
| – | – |
|
202
Evertec
EVTC
$1.97B
| $1.13M | 0.11% |
36,076
-54,696
| -60% | -$1.83M |
|
203
Supernus Pharmaceuticals
SUPN
$2.7B
| $1.12M | 0.11% |
40,736
+40,398
| +11,952% | +$1.2M |
|
204
NMI Holdings
NMIH
$3.37B
| $1.12M | 0.11% |
42,576
+33,671
| +378% | +$921K |
|
205
Salesforce
CRM
$154B
| $1.12M | 0.11% |
7,521
+572
| +8% | +$86.9K |
|
206
Armstrong World Industries
AWI
$7.37B
| $1.11M | 0.1% |
11,500
| – | – |
|
|
SPR
207
DELISTED
Spirit AeroSystems
SPR
| $1.11M | 0.1% |
13,470
| – | – |
|
208
Adobe
ADBE
$105B
| $1.1M | 0.1% |
4,000
| – | – |
|
209
Lantheus
LNTH
$6.51B
| $1.09M | 0.1% |
43,632
+26,947
| +162% | +$664K |
|
210
Rexford Industrial Realty
REXR
$8.63B
| $1.09M | 0.1% |
+24,862
| New | +$1.06M |
|
211
Chipotle Mexican Grill
CMG
$43.9B
| $1.09M | 0.1% |
65,000
-10,000
| -13% | -$159K |
|
|
CBPX
212
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
| $1.09M | 0.1% |
40,035
-46,110
| -54% | -$1.16M |
|
213
RenaissanceRe
RNR
$13.8B
| $1.09M | 0.1% |
5,626
-22,600
| -80% | -$4.21M |
|
214
Lattice Semiconductor
LSCC
$16B
| $1.08M | 0.1% |
58,889
-38,498
| -40% | -$705K |
|
215
Bio-Techne
TECH
$11.2B
| $1.07M | 0.1% |
21,964
-2,584
| -11% | -$130K |
|
216
Old Dominion Freight Line
ODFL
$46.3B
| $1.07M | 0.1% |
18,900
-66,750
| -78% | -$3.62M |
|
217
NRC Health Common Stock
NRC
$405M
| $1.07M | 0.1% |
18,471
+16,425
| +803% | +$1.02M |
|
218
Regal Rexnord
RRX
$12.5B
| $1.06M | 0.1% |
14,622
-24,423
| -63% | -$1.84M |
|
219
AMC Global Media
AMCX
$450M
| $1.06M | 0.1% |
21,550
-3,400
| -14% | -$175K |
|
220
Equinix
EQIX
$99.4B
| $1.05M | 0.1% |
1,826
| – | – |
|
221
Arrow Electronics
ARW
$10.5B
| $1.04M | 0.1% |
13,939
-26,961
| -66% | -$1.91M |
|
|
Y
222
DELISTED
Alleghany Corp
Y
| $1.04M | 0.1% |
1,300
-200
| -13% | -$147K |
|
223
Enova International
ENVA
$6.09B
| $1.04M | 0.1% |
49,949
+36,189
| +263% | +$855K |
|
224
Verizon
VZ
$197B
| $1.04M | 0.1% |
17,161
-34,098
| -67% | -$1.96M |
|
225
Builders FirstSource
BLDR
$7.29B
| $1.02M | 0.1% |
49,660
+32,777
| +194% | +$611K |
|
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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.