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First Quadrant Portfolio holdings
AUM
$18M
Turnover
89.22%
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
+144.39%
10 Year Est. Return
–
AUM
$1.06B
AUM Growth
-$377M
(-26%)
Cap. Flow
-$409M
Cap. Flow % of AUM
Cap. Flow %
-38.51%
Top 10 Holdings %
Top 10 Hldgs %
27.28%
Holding
733
New
39
Increased
98
Reduced
269
Closed
154
Avg Time Held
3.4
years
Top 10 Avg Time Held
1.9
years
Top 20 Avg Time Held
1.7
years
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 | 15.47% |
| 2 | Technology | 14.25% |
| 3 | Miscellaneous | 13.57% |
| 4 | Consumer Discretionary | 10.8% |
| 5 | Healthcare | 10.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Vanguard Real Estate ETF
VNQ
$37.7B
| $125M | 11.73% |
1,336,036
-362,591
| -21% | -$32.9M |
2017 Q2
9 quarters
|
|
|
2
Microsoft
MSFT
$3.88T
| $32M | 3.02% |
230,526
-81,385
| -26% | -$11.2M |
2013 Q2
25 quarters
|
|
3
Apple
AAPL
$5.03T
| $27.8M | 2.62% |
496,724
-105,404
| -18% | -$5.51M |
2013 Q2
25 quarters
|
|
4
Amazon
AMZN
$2.6T
| $20.8M | 1.95% |
239,160
-16,580
| -6% | -$1.54M |
2013 Q2
25 quarters
|
|
5
Visa
V
$773B
| $17.1M | 1.61% |
99,438
-24,714
| -20% | -$4.4M |
2013 Q2
25 quarters
|
|
6
Meta Platforms (Facebook)
META
$1.6T
| $14.9M | 1.41% |
83,855
-3,233
| -4% | -$615K |
2013 Q3
24 quarters
|
|
7
Vanguard Global ex-US Real Estate ETF
VNQI
$3.27B
| $14.5M | 1.36% |
247,349
-38,600
| -13% | -$2.25M |
2017 Q4
7 quarters
|
|
8
Alphabet (Google) Class C
GOOG
$3.42T
| $13.3M | 1.25% |
218,000
-85,740
| -28% | -$5.07M |
2013 Q2
25 quarters
|
|
9
Alphabet (Google) Class A
GOOGL
$3.44T
| $13M | 1.23% |
213,580
-71,060
| -25% | -$4.21M |
2015 Q4
15 quarters
|
|
10
US Foods
USFD
$22.4B
| $11.7M | 1.1% |
285,161
+124,449
| +77% | +$4.8M |
2016 Q3
12 quarters
|
|
|
11
Sunstone Hotel Investors
SHO
$2.38B
| $10.8M | 1.01% |
783,764
+594,686
| +315% | +$7.98M |
2018 Q2
5 quarters
|
|
12
Biogen
BIIB
$37.5B
| $10.7M | 1% |
45,840
+3,646
| +9% | +$849K |
2013 Q2
25 quarters
|
|
13
First American
FAF
$6.52B
| $10.6M | 1% |
179,398
+96,069
| +115% | +$5.5M |
2016 Q3
12 quarters
|
|
14
OGE Energy
OGE
$10.2B
| $10.2M | 0.96% |
224,247
-66,533
| -23% | -$2.88M |
2017 Q4
7 quarters
|
|
|
15
Essent Group
ESNT
$6.02B
| $10.1M | 0.95% |
211,878
+130,908
| +162% | +$6.26M |
2017 Q3
8 quarters
|
|
16
Performance Food Group
PFGC
$15.6B
| $9.9M | 0.93% |
214,679
+36,560
| +21% | +$1.62M |
2018 Q2
5 quarters
|
|
|
17
Idacorp
IDA
$8.56B
| $9.28M | 0.87% |
82,374
+70,241
| +579% | +$7.48M |
2019 Q2
1 quarter
|
|
|
18
eBay
EBAY
$53.4B
| $9.01M | 0.85% |
231,195
+150,769
| +187% | +$6.05M |
2013 Q2
25 quarters
|
|
|
19
JPMorgan Chase
JPM
$895B
| $8.46M | 0.8% |
71,848
-92,113
| -56% | -$10.4M |
2013 Q2
25 quarters
|
|
20
Silgan Holdings
SLGN
$4.28B
| $8.44M | 0.79% |
281,137
+129,930
| +86% | +$3.92M |
2013 Q2
25 quarters
|
|
21
SEI Investments
SEIC
$12.3B
| $8.36M | 0.79% |
141,006
+49,456
| +54% | +$2.86M |
2014 Q1
22 quarters
|
|
|
22
First Industrial Realty Trust
FR
$7.21B
| $8.29M | 0.78% |
209,560
+180,272
| +616% | +$6.91M |
2018 Q2
5 quarters
|
|
|
ATVI
23
DELISTED
Activision Blizzard
ATVI
| $7.68M | 0.72% |
145,081
+5,118
| +4% | +$255K |
2013 Q2
25 quarters
|
|
24
Allison Transmission
ALSN
$8.92B
| $7.15M | 0.67% |
151,965
+20,310
| +15% | +$921K |
2015 Q2
17 quarters
|
|
25
VeriSign
VRSN
$27.6B
| $7.1M | 0.67% |
37,645
+17,080
| +83% | +$3.51M |
2013 Q2
25 quarters
|
|
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ICMH
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 17% a quarter earlier, followed by Technology and Miscellaneous.
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.