First Citizens Financial Corp
Long book
$211.8M
Q1 2026
Positions
135
Top-10 weight
34%
concentration
Last quarter
+13.2%
SPY +14.8%
Turnover
7%
of book per quarter
Strategy in plain words
auto-generated from filingsFirst Citizens Financial Corp is a wealth-management firm allocating client money, running a $211.8M US long book across 135 positions.
The portfolio is moderately concentrated (top 10 ≈ 34% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ISHARES USTECHNOLOGY ETF, ISHARES MSCI EAFE ETF, ISHARES S&P MID-CAP 400 GROW, ISHARES S&P MID-CAP 400 VALU, ISHARES US FINANCIALS ETF.
Over the last 9 quarters its long book ran on average 0.5pp 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
+1.2%
Q2 2024
+7.0%
Q3 2024
-0.3%
Q4 2024
-1.3%
Q1 2025
+6.9%
Q2 2025
+7.3%
Q3 2025
+3.0%
Q4 2025
-1.6%
Q1 2026
+13.2%
Sector allocation
Technology 25%
Financials 25%
Industrials 19%
Healthcare 11%
Consumer discretionary 10%
Utilities 2%
Services media 2%
Consumer staples 2%
Long book by quarter
What does First Citizens own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 21.7K | $5.5M | 2.6% | +5.0% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 10.0K | $4.8M | 2.3% | -10.5% |
| CMI CUMMINS INC | Industrials | 5.7K | $3.1M | 1.5% | Held |
| MSFT MICROSOFT CORP | Technology | 8.1K | $3.0M | 1.4% | +0.8% |
| JPM JPMORGAN CHASE & CO | Financials | 9.9K | $2.9M | 1.4% | Held |
| CAT CATERPILLAR INC | Industrials | 3.7K | $2.6M | 1.2% | -0.1% |
| LLY ELI LILLY & CO | Healthcare | 2.4K | $2.2M | 1.1% | -6.7% |
| GS GOLDMAN SACHS GROUP INC | Financials | 2.1K | $1.8M | 0.8% | -0.1% |
| JNJ JOHNSON & JOHNSON | Healthcare | 7.3K | $1.8M | 0.8% | +0.8% |
| NVDA NVIDIA CORP | Technology | 10.0K | $1.7M | 0.8% | +16.2% |
| MS MORGAN STANLEY | Financials | 10.3K | $1.7M | 0.8% | +1.2% |
| HD HOME DEPOT INC | Consumer discretionary | 4.9K | $1.6M | 0.8% | -0.8% |
| GLW CORNING INC | Industrials | 9.2K | $1.2M | 0.6% | Held |
| ABBV ABBVIE INC | Healthcare | 5.5K | $1.2M | 0.6% | +3.8% |
| STLD STEEL DYNAMICS INC | Industrials | 6.2K | $1.1M | 0.5% | Held |
| V VISA INC-CLASS A SHARES | Services media | 3.6K | $1.1M | 0.5% | -0.2% |
| LOW LOWE'S COS INC | Consumer discretionary | 4.3K | $1.0M | 0.5% | +1.1% |
| MCD MCDONALD'S CORP | Consumer discretionary | 3.3K | $1.0M | 0.5% | +2.1% |
| CSCO CISCO SYSTEMS INC | Technology | 10.4K | $803K | 0.4% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 3.8K | $800K | 0.4% | +5.5% |
| GOOGL ALPHABET INC-CL A | Technology | 2.6K | $741K | 0.3% | -0.6% |
| RTX RTX CORP | Industrials | 3.6K | $688K | 0.3% | -2.8% |
| BAC BANK OF AMERICA CORP | Financials | 13.9K | $676K | 0.3% | -0.3% |
| UNP UNION PACIFIC CORP | Industrials | 2.7K | $644K | 0.3% | -0.3% |
| META META PLATFORMS INC-CLASS A | Technology | 1.1K | $635K | 0.3% | +11.3% |
| XOM EXXON MOBIL CORP | Energy | 3.7K | $620K | 0.3% | +42.1% |
| AFL AFLAC INC | Financials | 5.5K | $598K | 0.3% | Held |
| DE DEERE & CO | Industrials | 1.1K | $594K | 0.3% | Held |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 2.9K | $593K | 0.3% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 3.9K | $570K | 0.3% | +7.2% |
| MRK MERCK & CO. INC. | Healthcare | 4.7K | $567K | 0.3% | +4.4% |
| GOOG ALPHABET INC-CL C | Technology | 1.9K | $542K | 0.3% | +32.3% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 2.3K | $510K | 0.2% | +1.6% |
| KO COCA-COLA CO/THE | Consumer staples | 6.4K | $485K | 0.2% | -0.4% |
| WFC WELLS FARGO & CO | Financials | 5.7K | $457K | 0.2% | Held |
| ORCL ORACLE CORP | Technology | 2.9K | $430K | 0.2% | +1.7% |
| TT TRANE TECHNOLOGIES PLC | Technology | 1.0K | $422K | 0.2% | -3.7% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 401 | $400K | 0.2% | Held |
| KR KROGER CO | Consumer discretionary | 5.4K | $388K | 0.2% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 7, 2026 | 136 | $211.8M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 6, 2026 | 128 | $202.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 3, 2025 | 138 | $202.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 7, 2025 | 126 | $181.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 3, 2025 | 123 | $176.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 3, 2025 | 123 | $184.2M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 3, 2024 | 123 | $189.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 17, 2024 | 116 | $169.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 31, 2024 | 115 | $168.3M | canonical | SEC ↗ |