Client First Capital LLC
Long book
$227.4M
Q1 2026
Positions
26
Top-10 weight
87%
concentration
Last quarter
+9.3%
SPY +14.8%
Turnover
30%
of book per quarter
Strategy in plain words
auto-generated from filingsClient First Capital LLC is a wealth-management firm allocating client money, specialised in financials (87% of the long book), running a $227.4M US long book across 26 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: INVESCO QQQ TRUST SERIES 1, ISHARES 0-1 YEAR TREASURY BO, ISHARES CORE S&P 500 ETF, ISHARES MSCI USA QUALITY FAC, WISDOMTREE FLOATING RATE TRE.
Over the last 9 quarters its long book ran on average 0.8pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.3%
Q2 2024
+4.7%
Q3 2024
+1.9%
Q4 2024
-1.3%
Q1 2025
+8.6%
Q2 2025
+6.3%
Q3 2025
+2.6%
Q4 2025
-2.4%
Q1 2026
+9.3%
Sector allocation
Consumer discretionary 31%
Technology 25%
Healthcare 22%
Industrials 15%
Financials 7%
Long book by quarter
What does Client First own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| HD HOME DEPOT INC | Consumer discretionary | 2.0K | $671K | 0.3% | Held |
| LLY ELI LILLY & CO | Healthcare | 690 | $635K | 0.3% | Held |
| AAPL APPLE INC | Technology | 1.7K | $431K | 0.2% | -1.7% |
| RTX RTX CORP | Industrials | 2.2K | $415K | 0.2% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 950 | $273K | 0.1% | -5.3% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 210 | $209K | 0.1% | New |
| CINF CINCINNATI FINANCIAL CORP | Financials | 1.3K | $203K | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 27, 2026 | 28 | $230.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 26, 2026 | 27 | $237.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 5, 2025 | 22 | $224.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 8, 2025 | 23 | $213.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 30, 2025 | 18 | $195.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 15, 2025 | 19 | $194.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 15, 2024 | 19 | $180.9M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 17, 2024 | 18 | $166.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 16, 2024 | 14 | $142.7M | canonical | SEC ↗ |