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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
-18.18%
1 Year Est. Return
+24.2%
3 Year Est. Return
+90.61%
5 Year Est. Return
+144.39%
10 Year Est. Return
–
AUM
$687M
AUM Growth
-$508M
(-43%)
Cap. Flow
-$296M
Cap. Flow % of AUM
Cap. Flow %
-43.04%
Top 10 Holdings %
Top 10 Hldgs %
24.56%
Holding
709
New
141
Increased
123
Reduced
198
Closed
74
Avg Time Held
3.2
years
Top 10 Avg Time Held
1.9
years
Top 20 Avg Time Held
1.6
years
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 | 22.24% |
| 2 | Healthcare | 14.87% |
| 3 | Financials | 13.47% |
| 4 | Consumer Discretionary | 11.06% |
| 5 | Communication Services | 9.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$3.88T
| $34.2M | 4.98% |
217,031
-12,009
| -5% | -$1.97M |
2013 Q2
27 quarters
|
|
2
Apple
AAPL
$5.03T
| $30.9M | 4.5% |
486,236
-7,720
| -2% | -$568K |
2013 Q2
27 quarters
|
|
3
Amazon
AMZN
$2.6T
| $23.8M | 3.46% |
244,100
+25,760
| +12% | +$2.49M |
2013 Q2
27 quarters
|
|
4
Meta Platforms (Facebook)
META
$1.6T
| $14.9M | 2.17% |
89,452
+5,425
| +6% | +$1.06M |
2013 Q3
26 quarters
|
|
5
Visa
V
$773B
| $14.1M | 2.06% |
87,737
-10,121
| -10% | -$1.91M |
2013 Q2
27 quarters
|
|
6
Alphabet (Google) Class A
GOOGL
$3.44T
| $12.1M | 1.77% |
209,100
-1,860
| -0.9% | -$126K |
2015 Q4
17 quarters
|
|
7
Alphabet (Google) Class C
GOOG
$3.42T
| $12.1M | 1.76% |
208,320
-9,320
| -4% | -$632K |
2013 Q2
27 quarters
|
|
|
8
UnitedHealth
UNH
$365B
| $10.5M | 1.53% |
42,092
+18,581
| +79% | +$5.11M |
2013 Q2
27 quarters
|
|
|
9
Mastercard
MA
$556B
| $8.66M | 1.26% |
35,844
+15,068
| +73% | +$4.48M |
2013 Q2
27 quarters
|
|
10
DELISTED
Electronic Arts
EA
| $7.33M | 1.07% |
73,195
-18,180
| -20% | -$1.91M |
2015 Q1
20 quarters
|
|
11
Biogen
BIIB
$37.5B
| $7.21M | 1.05% |
22,778
-9,800
| -30% | -$2.97M |
2013 Q2
27 quarters
|
|
12
Intel
INTC
$350B
| $6.96M | 1.01% |
128,581
+15,143
| +13% | +$896K |
2013 Q2
27 quarters
|
|
13
Gentex
GNTX
$4.19B
| $6.2M | 0.9% |
279,708
-5,630
| -2% | -$156K |
2015 Q2
19 quarters
|
|
14
VeriSign
VRSN
$27.6B
| $6.09M | 0.89% |
33,807
-4,073
| -11% | -$801K |
2013 Q2
27 quarters
|
|
15
Merck
MRK
$369B
| $5.71M | 0.83% |
77,813
+40,703
| +110% | +$3.2M |
2013 Q2
27 quarters
|
|
16
OGE Energy
OGE
$10.2B
| $5.7M | 0.83% |
185,479
-49,308
| -21% | -$1.99M |
2017 Q4
9 quarters
|
|
17
First American
FAF
$6.52B
| $5.65M | 0.82% |
133,288
-48,348
| -27% | -$2.76M |
2016 Q3
14 quarters
|
|
18
Equity Lifestyle Properties
ELS
$11.5B
| $5.61M | 0.82% |
97,653
+10,806
| +12% | +$737K |
2016 Q2
15 quarters
|
|
19
Chemed
CHE
$6.93B
| $5.54M | 0.81% |
12,780
-3,883
| -23% | -$1.73M |
2013 Q2
27 quarters
|
|
20
Vertex Pharmaceuticals
VRTX
$142B
| $5.47M | 0.8% |
22,989
+11,368
| +98% | +$2.61M |
2016 Q1
16 quarters
|
|
21
Amgen
AMGN
$252B
| $5.41M | 0.79% |
26,686
| – | – |
2013 Q2
27 quarters
|
|
22
Adobe
ADBE
$97.4B
| $5.21M | 0.76% |
16,383
+12,383
| +310% | +$4.24M |
2013 Q2
27 quarters
|
|
23
Berkshire Hathaway Class B
BRK.B
$1.16T
| $5.14M | 0.75% |
28,110
-1,500
| -5% | -$319K |
2013 Q2
27 quarters
|
|
24
Oracle
ORCL
$396B
| $5.07M | 0.74% |
104,887
+19,045
| +22% | +$983K |
2013 Q2
27 quarters
|
|
25
Sunstone Hotel Investors
SHO
$2.38B
| $4.83M | 0.7% |
554,607
-247,956
| -31% | -$2.88M |
2018 Q2
7 quarters
|
|
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ICMH
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.