FIRST CITIZENS BANK & TRUST CO
Long book
$4.75B
Q1 2026
Positions
634
Top-10 weight
46%
concentration
Last quarter
+12.1%
SPY +14.8%
Turnover
16%
of book per quarter
Strategy in plain words
auto-generated from filingsFIRST CITIZENS BANK & TRUST CO is a wealth-management firm allocating client money, running a $4.75B US long book across 634 positions.
The portfolio is moderately concentrated (top 10 ≈ 46% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: ISHARES RUSSELL TOP 200 VALU, ISHARES RUSSELL MID-CAP VALU, ISHARES RUSSELL MID-CAP GROW, ISHARES CORE U.S. AGGREGATE, ISHARES CORE MSCI EAFE ETF.
Over the last 9 quarters its long book ran on average 1pp per quarter behind the S&P 500, beating the index in 4 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
+0.6%
Q2 2024
+7.1%
Q3 2024
-0.5%
Q4 2024
-0.6%
Q1 2025
+7.3%
Q2 2025
+5.3%
Q3 2025
+2.7%
Q4 2025
-2.3%
Q1 2026
+12.1%
Sector allocation
Technology 34%
Financials 20%
Industrials 10%
Utilities 7%
Healthcare 7%
Consumer discretionary 6%
Consumer staples 4%
Energy 4%
Long book by quarter
What does FIRST CITIZENS own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 642.2K | $163.0M | 3.4% | -0.6% |
| FCNCA FIRST CITIZENS BCSHS -CL A | Financials | 76.6K | $144.4M | 3.0% | -2.3% |
| NVDA NVIDIA CORP | Technology | 702.7K | $122.6M | 2.6% | +2.5% |
| MSFT MICROSOFT CORP | Technology | 256.6K | $95.0M | 2.0% | +1.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 303.9K | $63.3M | 1.3% | +1.7% |
| GOOG ALPHABET INC-CL C | Technology | 186.1K | $53.4M | 1.1% | +1.5% |
| AVGO BROADCOM INC | Technology | 149.0K | $46.1M | 1.0% | -1.6% |
| JPM JPMORGAN CHASE & CO | Financials | 152.3K | $44.8M | 0.9% | +2.4% |
| META META PLATFORMS INC-CLASS A | Technology | 72.3K | $41.4M | 0.9% | +3.1% |
| XOM EXXON MOBIL CORP | Energy | 242.4K | $41.1M | 0.9% | -1.2% |
| GOOGL ALPHABET INC-CL A | Technology | 128.5K | $37.0M | 0.8% | -0.8% |
| TSLA TESLA INC | Industrials | 79.7K | $29.6M | 0.6% | +1.7% |
| AMAT APPLIED MATERIALS INC | Technology | 83.7K | $28.6M | 0.6% | +2.6% |
| MO ALTRIA GROUP INC | Consumer staples | 419.0K | $27.7M | 0.6% | +24.0% |
| LLY ELI LILLY & CO | Healthcare | 29.9K | $27.5M | 0.6% | +2.2% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 38 | $27.3M | 0.6% | Held |
| V VISA INC-CLASS A SHARES | Services media | 81.9K | $24.7M | 0.5% | -0.3% |
| LRCX LAM RESEARCH CORP | Industrials | 113.5K | $24.2M | 0.5% | +2.1% |
| DUK DUKE ENERGY CORP | Utilities | 183.9K | $24.1M | 0.5% | +87.4% |
| NFLX NETFLIX INC | Services media | 233.9K | $22.5M | 0.5% | +0.7% |
| CSCO CISCO SYSTEMS INC | Technology | 274.1K | $21.3M | 0.4% | -6.3% |
| PG PROCTER & GAMBLE CO/THE | Other | 138.3K | $20.0M | 0.4% | -0.4% |
| FE FIRSTENERGY CORP | Utilities | 384.1K | $19.5M | 0.4% | New |
| ETN EATON CORP PLC | Industrials | 54.0K | $19.3M | 0.4% | -0.8% |
| CVX CHEVRON CORP | Energy | 92.4K | $19.1M | 0.4% | -1.5% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 39.3K | $18.8M | 0.4% | +13.6% |
| KMI KINDER MORGAN INC | Utilities | 561.5K | $18.8M | 0.4% | +45.8% |
| KO COCA-COLA CO/THE | Consumer staples | 247.4K | $18.8M | 0.4% | +0.8% |
| UNP UNION PACIFIC CORP | Industrials | 76.4K | $18.5M | 0.4% | +1.7% |
| RF REGIONS FINANCIAL CORP | Financials | 709.0K | $18.5M | 0.4% | +0.2% |
| EVRG EVERGY INC | Utilities | 210.6K | $17.3M | 0.4% | +65.2% |
| KHC KRAFT HEINZ CO/THE | Consumer staples | 740.1K | $16.6M | 0.4% | New |
| COP CONOCOPHILLIPS | Energy | 122.5K | $16.2M | 0.3% | -1.4% |
| ADI ANALOG DEVICES INC | Technology | 50.5K | $16.1M | 0.3% | -2.0% |
| TROW T ROWE PRICE GROUP INC | Financials | 177.8K | $16.0M | 0.3% | +0.8% |
| SNA SNAP-ON INC | Industrials | 42.8K | $15.5M | 0.3% | +1.8% |
| AMCR AMCOR PLC | Other | 383.2K | $15.2M | 0.3% | New |
| BAC BANK OF AMERICA CORP | Financials | 311.9K | $15.2M | 0.3% | +1.1% |
| IDXX IDEXX LABORATORIES INC | Materials | 26.2K | $14.7M | 0.3% | -9.3% |
| CME CME GROUP INC | Financials | 49.7K | $14.7M | 0.3% | +1.1% |
| PEP PEPSICO INC | Consumer staples | 92.5K | $14.4M | 0.3% | +1.2% |
| BKNG BOOKING HOLDINGS INC | Industrials | 3.4K | $14.3M | 0.3% | +0.7% |
| EXC EXELON CORP | Utilities | 286.5K | $14.0M | 0.3% | +1.4% |
| CSGP COSTAR GROUP INC | Services media | 343.5K | $13.9M | 0.3% | +33.4% |
| JNJ JOHNSON & JOHNSON | Healthcare | 56.5K | $13.8M | 0.3% | +1.4% |
| WMT WALMART INC | Consumer discretionary | 107.0K | $13.3M | 0.3% | +3.8% |
| ALL ALLSTATE CORP | Financials | 63.7K | $13.2M | 0.3% | +0.9% |
| ORCL ORACLE CORP | Technology | 88.9K | $13.1M | 0.3% | -0.2% |
| BEN FRANKLIN RESOURCES INC | Financials | 553.1K | $13.1M | 0.3% | +1.2% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 88.7K | $13.0M | 0.3% | -1.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 925 | $4.75B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 18, 2026 | 920 | $4.79B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 31, 2025 | 884 | $4.64B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 30, 2025 | 863 | $5.52B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 14, 2025 | 773 | $3.94B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 21, 2025 | 727 | $5.45B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 17, 2024 | 724 | $4.55B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 19, 2024 | 706 | $5.30B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 15, 2024 | 694 | $5.22B | canonical | SEC ↗ |