FIRST AMERICAN TRUST, FSB
Long book
$1.49B
Q1 2026
Positions
283
Top-10 weight
28%
concentration
Last quarter
+9.6%
SPY +14.8%
Turnover
16%
of book per quarter
Strategy in plain words
auto-generated from filingsFIRST AMERICAN TRUST, FSB is an institutional manager, running a $1.49B US long book across 283 positions.
The portfolio is moderately concentrated (top 10 ≈ 28% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: APPLE INC, MICROSOFT CORP, NVIDIA CORP, ISHARES MSCI EAFE VALUE ETF, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 1pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.2%
Q2 2024
+5.4%
Q3 2024
+0.2%
Q4 2024
-2.3%
Q1 2025
+8.5%
Q2 2025
+6.9%
Q3 2025
+3.0%
Q4 2025
-2.3%
Q1 2026
+9.6%
Sector allocation
Technology 40%
Financials 14%
Consumer discretionary 11%
Healthcare 10%
Industrials 9%
Energy 4%
Utilities 3%
Consumer staples 2%
Long book by quarter
What does FIRST AMERICAN own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 318.0K | $80.7M | 5.4% | -4.6% |
| MSFT MICROSOFT CORP | Technology | 177.8K | $65.8M | 4.4% | +27.8% |
| NVDA NVIDIA CORP | Technology | 296.4K | $51.7M | 3.5% | +4.5% |
| GOOGL ALPHABET INC-CL A | Technology | 120.8K | $34.7M | 2.3% | -5.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 143.2K | $29.8M | 2.0% | -21.5% |
| JPM JPMORGAN CHASE & CO | Financials | 85.1K | $25.0M | 1.7% | -10.9% |
| FAF FIRST AMERICAN FINANCIAL | Financials | 347.8K | $21.0M | 1.4% | +0.2% |
| WMT WALMART INC | Consumer discretionary | 157.5K | $19.6M | 1.3% | -2.7% |
| AVGO BROADCOM INC | Technology | 61.2K | $18.9M | 1.3% | +0.5% |
| META META PLATFORMS INC-CLASS A | Technology | 29.4K | $16.8M | 1.1% | +2.9% |
| LLY ELI LILLY & CO | Healthcare | 18.2K | $16.7M | 1.1% | -24.4% |
| ABBV ABBVIE INC | Healthcare | 66.2K | $14.4M | 1.0% | +6.4% |
| NEE NEXTERA ENERGY INC | Utilities | 148.6K | $13.8M | 0.9% | +0.9% |
| C CITIGROUP INC | Financials | 119.1K | $13.5M | 0.9% | -19.9% |
| MCD MCDONALD'S CORP | Consumer discretionary | 42.6K | $13.2M | 0.9% | -0.1% |
| CAT CATERPILLAR INC | Industrials | 17.5K | $12.4M | 0.8% | -28.7% |
| ABT ABBOTT LABORATORIES | Healthcare | 118.8K | $12.2M | 0.8% | +4.9% |
| ROST ROSS STORES INC | Consumer discretionary | 54.7K | $11.8M | 0.8% | +2.4% |
| MDT MEDTRONIC PLC | Healthcare | 136.3K | $11.8M | 0.8% | +8.7% |
| BLK BLACKROCK INC | Financials | 11.9K | $11.4M | 0.8% | +0.5% |
| COP CONOCOPHILLIPS | Energy | 82.5K | $10.9M | 0.7% | New |
| V VISA INC-CLASS A SHARES | Services media | 35.1K | $10.6M | 0.7% | -25.2% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 20.8K | $10.2M | 0.7% | -0.6% |
| ORCL ORACLE CORP | Technology | 65.3K | $9.6M | 0.6% | -0.1% |
| BNY BANK OF NEW YORK MELLON CORP | Financials | 77.1K | $9.1M | 0.6% | -6.6% |
| EOG EOG RESOURCES INC | Energy | 62.3K | $9.0M | 0.6% | +0.1% |
| TSN TYSON FOODS INC-CL A | Consumer staples | 129.9K | $8.3M | 0.6% | +3.9% |
| PGR PROGRESSIVE CORP | Financials | 42.0K | $8.3M | 0.6% | +29.5% |
| ETR ENTERGY CORP | Utilities | 69.2K | $7.8M | 0.5% | +49.1% |
| LOW LOWE'S COS INC | Consumer discretionary | 32.3K | $7.6M | 0.5% | +2845.0% |
| MMM 3M CO | Healthcare | 52.0K | $7.6M | 0.5% | -0.6% |
| MRK MERCK & CO. INC. | Healthcare | 60.2K | $7.2M | 0.5% | +276.6% |
| MPWR MONOLITHIC POWER SYSTEMS INC | Technology | 6.4K | $7.0M | 0.5% | +0.7% |
| PCAR PACCAR INC | Industrials | 60.3K | $7.0M | 0.5% | +4.4% |
| GS GOLDMAN SACHS GROUP INC | Financials | 8.1K | $6.8M | 0.5% | -9.5% |
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 19.3K | $6.7M | 0.4% | New |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 5.0K | $6.5M | 0.4% | Held |
| LRCX LAM RESEARCH CORP | Industrials | 30.3K | $6.5M | 0.4% | -0.3% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 38.1K | $6.3M | 0.4% | +0.2% |
| ROK ROCKWELL AUTOMATION INC | Other | 16.8K | $6.0M | 0.4% | -28.0% |
| EMR EMERSON ELECTRIC CO | Industrials | 45.7K | $6.0M | 0.4% | -38.6% |
| ODFL OLD DOMINION FREIGHT LINE | Industrials | 30.5K | $6.0M | 0.4% | New |
| TTWO TAKE-TWO INTERACTIVE SOFTWRE | Technology | 29.1K | $5.7M | 0.4% | +1.7% |
| CHTR CHARTER COMMUNICATIONS INC-A | Communications | 24.4K | $5.3M | 0.4% | +15.2% |
| BA BOEING CO/THE | Industrials | 25.5K | $5.1M | 0.3% | +9.3% |
| CI THE CIGNA GROUP | Financials | 18.7K | $5.0M | 0.3% | +4.5% |
| RRC RANGE RESOURCES CORP | Energy | 109.4K | $4.9M | 0.3% | +9.9% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 9.8K | $4.7M | 0.3% | +0.9% |
| FCX FREEPORT-MCMORAN INC | Materials | 77.7K | $4.6M | 0.3% | +4.2% |
| JCI JOHNSON CONTROLS INTERNATION | Industrials | 33.3K | $4.4M | 0.3% | -35.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 465 | $1.49B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 465 | $1.46B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 429 | $1.38B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 11, 2025 | 412 | $1.25B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 397 | $1.09B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 363 | $1.00B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 353 | $1.01B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 336 | $997.7M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 343 | $954.0M | confidential canonical | SEC ↗ |
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