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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 | |
|---|---|---|---|---|---|---|
201
DB Gold Double Long ETN due February 15, 2038
DGP
$216M
| $754K | 0.11% |
23,229
-13,152
| -36% | -$432K |
|
202
Autodesk
ADSK
$49.4B
| $749K | 0.11% |
4,801
+101
| +2% | +$18.5K |
|
203
OraSure Technologies
OSUR
$273M
| $749K | 0.11% |
69,600
-9,021
| -11% | -$64.5K |
|
204
Boston Scientific
BSX
$68.9B
| $744K | 0.11% |
22,800
-4,700
| -17% | -$184K |
|
205
Malibu Boats
MBUU
$540M
| $734K | 0.11% |
25,504
+20,223
| +383% | +$803K |
|
206
Consolidated Edison
ED
$40.4B
| $733K | 0.11% |
9,396
-6,900
| -42% | -$605K |
|
207
Dover
DOV
$27.6B
| $730K | 0.11% |
8,700
| – | – |
|
208
Kimberly-Clark
KMB
$36.3B
| $726K | 0.11% |
5,676
+1,473
| +35% | +$204K |
|
|
AT
209
DELISTED
Atlantic Power Corporation
AT
| $726K | 0.11% |
339,436
-429,714
| -56% | -$978K |
|
|
AXE
210
DELISTED
Anixter International Inc
AXE
| $724K | 0.11% |
8,238
| – | – |
|
211
Walmart Inc
WMT
$886B
| $721K | 0.1% |
19,050
-103,875
| -85% | -$4M |
|
212
CDW
CDW
$18.9B
| $699K | 0.1% |
7,497
-913
| -11% | -$112K |
|
213
SBA Communications
SBAC
$19.2B
| $698K | 0.1% |
2,584
-2,016
| -44% | -$532K |
|
|
LSI
214
DELISTED
Life Storage, Inc.
LSI
| $694K | 0.1% |
11,012
-9,096
| -45% | -$650K |
|
215
McKesson
MCK
$101B
| $691K | 0.1% |
5,106
| – | – |
|
216
ExxonMobil
XOM
$647B
| $688K | 0.1% |
18,122
-11,892
| -40% | -$657K |
|
217
TriCo Bancshares
TCBK
$1.83B
| $687K | 0.1% |
23,050
+13,308
| +137% | +$465K |
|
218
FirstEnergy
FE
$28.1B
| $673K | 0.1% |
16,801
| – | – |
|
219
Builders FirstSource
BLDR
$7.11B
| $664K | 0.1% |
54,286
+14,188
| +35% | +$321K |
|
220
Arrow Electronics
ARW
$11.2B
| $661K | 0.1% |
12,739
-1,200
| -9% | -$85.3K |
|
221
Ciena
CIEN
$53.6B
| $653K | 0.1% |
16,393
+10,761
| +191% | +$442K |
|
222
Digital Realty Trust
DLR
$70.1B
| $645K | 0.09% |
4,641
| – | – |
|
223
Radian Group
RDN
$5.19B
| $644K | 0.09% |
49,750
-147,194
| -75% | -$3.22M |
|
224
American Tower
AMT
$80.6B
| $641K | 0.09% |
2,942
+700
| +31% | +$163K |
|
225
Acuity Brands
AYI
$9.85B
| $633K | 0.09% |
7,391
| – | – |
|
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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.