First Commonwealth Financial Corp /PA/
Long book
$628.5M
Q1 2026
Positions
264
Top-10 weight
46%
concentration
Last quarter
+11.3%
SPY +14.8%
Turnover
13%
of book per quarter
Strategy in plain words
auto-generated from filingsFirst Commonwealth Financial Corp /PA/ is a wealth-management firm allocating client money, running a $628.5M US long book across 264 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 CORE S&P 500 ETF, ISHARES MSCI EAFE ETF, ISHARES RUSSELL 2000 ETF, PIMCO ACTIVE BOND EXCHANGE-T, APPLE INC.
Over the last 9 quarters its long book ran on average 0.4pp per quarter behind the S&P 500, beating the index in 3 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
+3.0%
Q2 2024
+6.9%
Q3 2024
+0.6%
Q4 2024
-3.3%
Q1 2025
+9.3%
Q2 2025
+7.8%
Q3 2025
+2.5%
Q4 2025
-1.1%
Q1 2026
+11.3%
Sector allocation
Technology 35%
Financials 24%
Industrials 12%
Consumer discretionary 9%
Healthcare 5%
Other 4%
Utilities 3%
Energy 2%
Long book by quarter
What does First Commonwealth own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 76.0K | $19.3M | 3.1% | +4.2% |
| FCF FIRST COMMONWEALTH FINL CORP | Financials | 995.8K | $17.5M | 2.8% | -1.8% |
| MSFT MICROSOFT CORP | Technology | 24.9K | $9.2M | 1.5% | +10.6% |
| NVDA NVIDIA CORP | Technology | 47.2K | $8.2M | 1.3% | +1.6% |
| GOOGL ALPHABET INC-CL A | Technology | 28.1K | $8.1M | 1.3% | +1.2% |
| STBA S & T BANCORP INC | Financials | 134.5K | $5.6M | 0.9% | -27.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 26.6K | $5.5M | 0.9% | +12.9% |
| JPM JPMORGAN CHASE & CO | Financials | 17.3K | $5.1M | 0.8% | -2.1% |
| AVGO BROADCOM INC | Technology | 15.1K | $4.7M | 0.7% | +12.9% |
| META META PLATFORMS INC-CLASS A | Technology | 6.4K | $3.6M | 0.6% | +8.2% |
| WMT WALMART INC | Consumer discretionary | 21.9K | $2.7M | 0.4% | -0.4% |
| JNJ JOHNSON & JOHNSON | Healthcare | 10.0K | $2.5M | 0.4% | -10.3% |
| GOOG ALPHABET INC-CL C | Technology | 8.2K | $2.4M | 0.4% | 0.0% |
| XOM EXXON MOBIL CORP | Energy | 13.7K | $2.3M | 0.4% | +0.9% |
| ORCL ORACLE CORP | Technology | 15.5K | $2.3M | 0.4% | +7.7% |
| GS GOLDMAN SACHS GROUP INC | Financials | 2.6K | $2.2M | 0.4% | -5.7% |
| APH AMPHENOL CORP-CL A | Technology | 17.3K | $2.2M | 0.3% | +19.0% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 7.4K | $2.1M | 0.3% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 4.5K | $2.1M | 0.3% | +3.2% |
| CVX CHEVRON CORP | Energy | 10.2K | $2.1M | 0.3% | +18.9% |
| HWM HOWMET AEROSPACE INC | Industrials | 8.5K | $2.0M | 0.3% | -1.2% |
| MCD MCDONALD'S CORP | Consumer discretionary | 6.3K | $2.0M | 0.3% | -4.2% |
| LLY ELI LILLY & CO | Healthcare | 2.1K | $1.9M | 0.3% | +0.7% |
| HD HOME DEPOT INC | Consumer discretionary | 5.7K | $1.9M | 0.3% | -1.9% |
| LRCX LAM RESEARCH CORP | Industrials | 8.6K | $1.8M | 0.3% | -46.8% |
| CAT CATERPILLAR INC | Industrials | 2.5K | $1.8M | 0.3% | +22.8% |
| TJX TJX COMPANIES INC | Consumer discretionary | 10.9K | $1.7M | 0.3% | -25.8% |
| C CITIGROUP INC | Financials | 15.1K | $1.7M | 0.3% | +8.8% |
| RTX RTX CORP | Industrials | 8.8K | $1.7M | 0.3% | -9.2% |
| PWR QUANTA SERVICES INC | Industrials | 3.1K | $1.7M | 0.3% | +0.1% |
| PG PROCTER & GAMBLE CO/THE | Other | 11.4K | $1.6M | 0.3% | +20.7% |
| ABBV ABBVIE INC | Healthcare | 7.3K | $1.6M | 0.3% | +9.1% |
| COHR COHERENT CORP | Other | 6.7K | $1.6M | 0.3% | +2.2% |
| QCOM QUALCOMM INC | Technology | 11.9K | $1.5M | 0.2% | +14.6% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 30.0K | $1.5M | 0.2% | +35.1% |
| NFLX NETFLIX INC | Services media | 15.4K | $1.5M | 0.2% | +63.9% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 15.2K | $1.4M | 0.2% | -8.6% |
| V VISA INC-CLASS A SHARES | Services media | 4.6K | $1.4M | 0.2% | +0.6% |
| XEL XCEL ENERGY INC | Utilities | 17.1K | $1.4M | 0.2% | +287.5% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 5.5K | $1.3M | 0.2% | +41.5% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 8.0K | $1.3M | 0.2% | -1.6% |
| BLK BLACKROCK INC | Financials | 1.4K | $1.3M | 0.2% | +11.4% |
| GLW CORNING INC | Industrials | 9.6K | $1.3M | 0.2% | +1.1% |
| DELL DELL TECHNOLOGIES -C | Technology | 7.9K | $1.3M | 0.2% | -6.5% |
| AMAT APPLIED MATERIALS INC | Technology | 3.7K | $1.3M | 0.2% | -38.8% |
| KO COCA-COLA CO/THE | Consumer staples | 16.6K | $1.3M | 0.2% | +17.3% |
| EMR EMERSON ELECTRIC CO | Industrials | 9.5K | $1.2M | 0.2% | +20.4% |
| WMB WILLIAMS COS INC | Utilities | 17.1K | $1.2M | 0.2% | +3.1% |
| LMT LOCKHEED MARTIN CORP | Industrials | 2.1K | $1.2M | 0.2% | +6.7% |
| ROK ROCKWELL AUTOMATION INC | Other | 3.5K | $1.2M | 0.2% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 409 | $628.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 18, 2026 | 398 | $606.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR/ANEW HOLDINGS | Nov 19, 2025 | 150 | $390.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 270 | $206.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 356 | $463.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 349 | $424.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 308 | $424.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 286 | $417.7M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 273 | $388.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 280 | $376.7M | canonical | SEC ↗ |