First City Capital Management, Inc.
Long book
$188.7M
Q1 2026
Positions
160
Top-10 weight
34%
concentration
Last quarter
+8.6%
SPY +14.8%
Turnover
6%
of book per quarter
Strategy in plain words
auto-generated from filingsFirst City Capital Management, Inc. is an institutional manager, running a $188.7M US long book across 160 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: SS SPDR S&P 500 ETF TRUST-US, VANGUARD S&P 500 ETF, EXXON MOBIL CORP, MICROSOFT CORP, BALLAST SMALL/MID CAP ETF.
Over the last 9 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 4 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
+1.4%
Q2 2024
+7.3%
Q3 2024
-2.1%
Q4 2024
+0.7%
Q1 2025
+5.5%
Q2 2025
+7.2%
Q3 2025
+3.0%
Q4 2025
+0.4%
Q1 2026
+8.6%
Sector allocation
Technology 21%
Healthcare 17%
Financials 15%
Industrials 11%
Consumer discretionary 9%
Energy 8%
Consumer staples 7%
Materials 3%
Long book by quarter
What does First City own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| XOM EXXON MOBIL CORP | Energy | 44.1K | $7.5M | 4.0% | -16.8% |
| MSFT MICROSOFT CORP | Technology | 19.4K | $7.2M | 3.8% | -0.8% |
| NVDA NVIDIA CORP | Technology | 34.3K | $6.0M | 3.2% | -0.8% |
| LLY ELI LILLY & CO | Healthcare | 6.1K | $5.6M | 3.0% | -1.2% |
| ABBV ABBVIE INC | Healthcare | 24.3K | $5.3M | 2.8% | -2.9% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 10.0K | $4.8M | 2.5% | +6.5% |
| JPM JPMORGAN CHASE & CO | Financials | 15.0K | $4.4M | 2.3% | +0.6% |
| HD HOME DEPOT INC | Consumer discretionary | 13.2K | $4.3M | 2.3% | +0.3% |
| KO COCA-COLA CO/THE | Consumer staples | 56.2K | $4.3M | 2.3% | -0.7% |
| AAPL APPLE INC | Technology | 14.0K | $3.5M | 1.9% | +4.7% |
| CVX CHEVRON CORP | Energy | 16.6K | $3.4M | 1.8% | -0.7% |
| RTX RTX CORP | Industrials | 15.7K | $3.0M | 1.6% | -3.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 14.2K | $3.0M | 1.6% | +17.2% |
| JNJ JOHNSON & JOHNSON | Healthcare | 10.6K | $2.6M | 1.4% | -0.2% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 50.5K | $2.5M | 1.3% | +5.0% |
| MRK MERCK & CO. INC. | Healthcare | 18.5K | $2.2M | 1.2% | -5.4% |
| BAC BANK OF AMERICA CORP | Financials | 42.4K | $2.1M | 1.1% | -21.4% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 8.3K | $2.0M | 1.1% | -8.3% |
| LMT LOCKHEED MARTIN CORP | Industrials | 2.8K | $1.7M | 0.9% | -4.9% |
| MO ALTRIA GROUP INC | Consumer staples | 25.5K | $1.7M | 0.9% | -2.6% |
| GOOGL ALPHABET INC-CL A | Technology | 5.8K | $1.7M | 0.9% | +11.6% |
| SO SOUTHERN CO/THE | Utilities | 16.1K | $1.6M | 0.8% | -20.7% |
| CSCO CISCO SYSTEMS INC | Technology | 18.3K | $1.4M | 0.8% | -0.5% |
| PEP PEPSICO INC | Consumer staples | 9.1K | $1.4M | 0.7% | +10.9% |
| PG PROCTER & GAMBLE CO/THE | Other | 9.5K | $1.4M | 0.7% | -9.9% |
| NOC NORTHROP GRUMMAN CORP | Technology | 2.0K | $1.4M | 0.7% | -1.0% |
| CINF CINCINNATI FINANCIAL CORP | Financials | 8.4K | $1.3M | 0.7% | -1.2% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 7.8K | $1.3M | 0.7% | +19.7% |
| DUK DUKE ENERGY CORP | Utilities | 9.6K | $1.3M | 0.7% | -8.6% |
| ETN EATON CORP PLC | Industrials | 3.3K | $1.2M | 0.6% | -0.4% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 19.4K | $1.2M | 0.6% | -0.9% |
| AMGN AMGEN INC | Healthcare | 3.3K | $1.2M | 0.6% | -1.3% |
| PFE PFIZER INC | Healthcare | 35.9K | $1.0M | 0.5% | -0.1% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 4.4K | $1.0M | 0.5% | Held |
| LOW LOWE'S COS INC | Consumer discretionary | 4.1K | $970K | 0.5% | Held |
| B BARRICK MINING CORP | Materials | 22.7K | $927K | 0.5% | -13.6% |
| WMT WALMART INC | Consumer discretionary | 7.4K | $914K | 0.5% | -2.0% |
| GOOG ALPHABET INC-CL C | Technology | 3.1K | $894K | 0.5% | -1.0% |
| CR CRANE CO | Industrials | 5.2K | $883K | 0.5% | -5.1% |
| C CITIGROUP INC | Financials | 7.7K | $870K | 0.5% | 0.0% |
| T AT&T INC | Communications | 29.8K | $864K | 0.5% | -5.3% |
| FCX FREEPORT-MCMORAN INC | Materials | 14.6K | $857K | 0.5% | -2.0% |
| WFC WELLS FARGO & CO | Financials | 10.7K | $853K | 0.5% | -7.4% |
| MCD MCDONALD'S CORP | Consumer discretionary | 2.7K | $849K | 0.4% | -3.5% |
| META META PLATFORMS INC-CLASS A | Technology | 1.4K | $827K | 0.4% | -0.8% |
| AVY AVERY DENNISON CORP | Other | 4.7K | $817K | 0.4% | Held |
| MCK MCKESSON CORP | Consumer discretionary | 925 | $800K | 0.4% | Held |
| PAYX PAYCHEX INC | Services media | 8.4K | $777K | 0.4% | -8.9% |
| CMI CUMMINS INC | Industrials | 1.4K | $772K | 0.4% | -6.5% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 764 | $761K | 0.4% | -1.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 17, 2026 | 160 | $188.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 14, 2026 | 156 | $189.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 21, 2025 | 153 | $185.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 15, 2025 | 145 | $173.2M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 11, 2025 | 147 | $166.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 3, 2025 | 153 | $187.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 7, 2024 | 164 | $194.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 157 | $178.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 22, 2024 | 167 | $180.6M | canonical | SEC ↗ |
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