FIRST AMERICAN BANK

Fundamental diversified ★Signal CIK 1291422
League rank
#459
in Fundamental diversified · #2796 overall
Long book
$1.59B
Q1 2026
Positions
188
Top-10 weight
44%
concentration
Last quarter
+12.8%
SPY +14.8%
Turnover
11%
of book per quarter

Strategy in plain words

auto-generated from filings

FIRST AMERICAN BANK is a diversified fundamental manager, running a $1.59B US long book across 188 positions.

The portfolio is moderately concentrated (top 10 ≈ 44% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: APPLE INC, BROADCOM INC, ALPHABET INC-CL A, MICROSOFT CORP, NVIDIA CORP.

Over the last 9 quarters its long book ran on average 0.3pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+4.6%
Q2 2024
+5.7%
Q3 2024
+2.1%
Q4 2024
-4.8%
Q1 2025
+8.8%
Q2 2025
+8.7%
Q3 2025
+3.8%
Q4 2025
-3.7%
Q1 2026
+12.8%

Sector allocation

Technology
44%
Financials
11%
Consumer discretionary
9%
Healthcare
9%
Industrials
7%
Services media
5%
Energy
4%
Other
4%

Long book by quarter

$1.32B
Q1 2024
$1.34B
Q2 2024
$1.39B
Q3 2024
$1.42B
Q4 2024
$1.35B
Q1 2025
$1.46B
Q2 2025
$1.59B
Q3 2025
$1.65B
Q4 2025
$1.59B
Q1 2026

What does FIRST AMERICAN own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AAPL APPLE INCTechnology640.7K$162.6M10.2%-0.1%
AVGO BROADCOM INCTechnology320.3K$99.1M6.2%-1.4%
GOOGL ALPHABET INC-CL ATechnology284.2K$81.7M5.1%+0.2%
MSFT MICROSOFT CORPTechnology199.6K$73.9M4.6%-0.6%
NVDA NVIDIA CORPTechnology383.6K$66.9M4.2%+1.8%
AMZN AMAZON.COM INCConsumer discretionary252.0K$52.5M3.3%+1.6%
LLY ELI LILLY & COHealthcare50.6K$46.6M2.9%-0.9%
PEP PEPSICO INCConsumer staples297.6K$46.2M2.9%-0.2%
JPM JPMORGAN CHASE & COFinancials136.1K$40.0M2.5%+1.1%
V VISA INC-CLASS A SHARESServices media121.4K$36.7M2.3%-0.7%
GS GOLDMAN SACHS GROUP INCFinancials39.0K$33.0M2.1%+0.4%
ABBV ABBVIE INCHealthcare119.9K$26.1M1.6%+1.7%
META META PLATFORMS INC-CLASS ATechnology44.8K$25.6M1.6%+4.2%
XOM EXXON MOBIL CORPEnergy147.2K$25.0M1.6%+0.7%
WMT WALMART INCConsumer discretionary192.9K$24.0M1.5%+1.5%
TJX TJX COMPANIES INCConsumer discretionary143.7K$22.9M1.4%+1.1%
PG PROCTER & GAMBLE CO/THEOther138.6K$20.0M1.3%+0.2%
HD HOME DEPOT INCConsumer discretionary57.2K$18.8M1.2%+1.2%
ETN EATON CORP PLCIndustrials52.2K$18.7M1.2%+0.2%
ADI ANALOG DEVICES INCTechnology57.7K$18.4M1.2%-0.7%
MAR MARRIOTT INTERNATIONAL -CL AServices media53.3K$17.4M1.1%+0.8%
CVX CHEVRON CORPEnergy81.5K$16.9M1.1%+1.0%
VRT VERTIV HOLDINGS CO-ATechnology65.7K$16.5M1.0%-1.3%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials34.2K$16.4M1.0%+0.2%
CTAS CINTAS CORPOther89.2K$15.1M0.9%-0.3%
DHR DANAHER CORPTechnology78.5K$14.9M0.9%-1.9%
LOW LOWE'S COS INCConsumer discretionary62.5K$14.8M0.9%-0.5%
TMO THERMO FISHER SCIENTIFIC INCOther28.7K$14.1M0.9%-6.0%
AMAT APPLIED MATERIALS INCTechnology39.3K$13.4M0.8%+4.9%
GOOG ALPHABET INC-CL CTechnology43.9K$12.6M0.8%-0.3%
ICE INTERCONTINENTAL EXCHANGE INFinancials79.9K$12.6M0.8%+2.1%
AEP AMERICAN ELECTRIC POWERUtilities93.4K$12.2M0.8%+5.8%
BAC BANK OF AMERICA CORPFinancials246.0K$12.0M0.8%+2.4%
EW EDWARDS LIFESCIENCES CORPHealthcare149.4K$12.0M0.8%+0.2%
NOC NORTHROP GRUMMAN CORPTechnology17.1K$11.6M0.7%+1.1%
UNP UNION PACIFIC CORPIndustrials47.8K$11.6M0.7%+0.7%
BA BOEING CO/THEIndustrials56.9K$11.3M0.7%+1.7%
TT TRANE TECHNOLOGIES PLCTechnology26.7K$11.1M0.7%-0.2%
MRSH MARSH & MCLENNAN COSFinancials61.0K$10.6M0.7%+0.4%
PANW PALO ALTO NETWORKS INCTechnology63.8K$10.2M0.6%+0.8%
PNC PNC FINANCIAL SERVICES GROUPFinancials47.3K$9.8M0.6%-0.1%
RTX RTX CORPIndustrials50.4K$9.7M0.6%+3.7%
HON HONEYWELL INTERNATIONAL INCIndustrials39.9K$9.0M0.6%+1.3%
CMI CUMMINS INCIndustrials16.1K$8.7M0.5%-0.2%
MRK MERCK & CO. INC.Healthcare67.8K$8.2M0.5%+1.9%
JNJ JOHNSON & JOHNSONHealthcare33.2K$8.1M0.5%+1.9%
BSX BOSTON SCIENTIFIC CORPHealthcare127.3K$8.0M0.5%+4.5%
RSG REPUBLIC SERVICES INCUtilities35.2K$7.7M0.5%+0.1%
ACN ACCENTURE PLC-CL AServices media35.8K$7.1M0.4%-25.7%
DIS WALT DISNEY CO/THEServices media69.7K$6.7M0.4%+1.2%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 20, 2026282$1.59B canonicalSEC ↗
Q4 202513F-HRJan 20, 2026271$1.65B canonicalSEC ↗
Q3 202513F-HROct 20, 2025263$1.59B canonicalSEC ↗
Q2 202513F-HRJul 16, 2025240$1.46B canonicalSEC ↗
Q1 202513F-HRApr 22, 2025229$1.35B canonicalSEC ↗
Q4 202413F-HRFeb 5, 2025231$1.42B canonicalSEC ↗
Q3 202413F-HROct 24, 2024228$1.39B canonicalSEC ↗
Q2 202413F-HRJul 30, 2024228$1.34Bconfidential canonicalSEC ↗
Q1 202413F-HRJul 31, 2024230$1.32Bconfidential canonicalSEC ↗