First Washington CORP
Long book
$353.5M
Q1 2026
Positions
50
Top-10 weight
55%
concentration
Last quarter
+17.4%
SPY +14.8%
Turnover
17%
of book per quarter
Strategy in plain words
auto-generated from filingsFirst Washington CORP is an institutional manager, running a $353.5M US long book across 50 positions.
The portfolio is concentrated: the top 10 names carry 55% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: JPMORGAN CORE PLUS BOND ETF, PACCAR INC, MASTEC INC, VIKING THERAPEUTICS INC, NLIGHT INC.
Over the last 9 quarters its long book ran on average 0.4pp per quarter ahead of the S&P 500, beating the index in 6 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
-4.9%
Q2 2024
+3.7%
Q3 2024
+4.0%
Q4 2024
-4.8%
Q1 2025
+13.7%
Q2 2025
+8.7%
Q3 2025
+5.1%
Q4 2025
+1.4%
Q1 2026
+17.4%
Sector allocation
Industrials 39%
Technology 27%
Financials 15%
Healthcare 10%
Consumer discretionary 5%
Services media 2%
Materials 1%
Utilities 0%
Long book by quarter
What does First Washington own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| PCAR PACCAR INC | Industrials | 288.6K | $33.3M | 9.4% | -26.1% |
| MTZ MASTEC INC | Industrials | 41.7K | $13.4M | 3.8% | -0.1% |
| VKTX VIKING THERAPEUTICS INC | Healthcare | 385.4K | $12.5M | 3.5% | -0.6% |
| LASR NLIGHT INC | Technology | 217.1K | $12.4M | 3.5% | -44.2% |
| DY DYCOM INDUSTRIES INC | Industrials | 33.4K | $11.3M | 3.2% | -0.2% |
| MU MICRON TECHNOLOGY INC | Technology | 32.8K | $11.1M | 3.1% | -0.2% |
| GEV GE VERNOVA INC | Industrials | 10.4K | $9.0M | 2.6% | -24.1% |
| CME CME GROUP INC | Financials | 27.0K | $8.0M | 2.3% | +47.6% |
| GVA GRANITE CONSTRUCTION INC | Industrials | 66.5K | $8.0M | 2.3% | -0.1% |
| LLY ELI LILLY & CO | Healthcare | 8.6K | $7.9M | 2.2% | -0.3% |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 45.4K | $7.1M | 2.0% | +53.0% |
| BAC BANK OF AMERICA CORP | Financials | 139.7K | $6.8M | 1.9% | -0.1% |
| CBOE CBOE GLOBAL MARKETS INC | Financials | 23.0K | $6.5M | 1.8% | +33.0% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 6.3K | $6.3M | 1.8% | 0.0% |
| ETN EATON CORP PLC | Industrials | 17.5K | $6.3M | 1.8% | -0.4% |
| AMZN AMAZON.COM INC | Consumer discretionary | 29.2K | $6.1M | 1.7% | -0.1% |
| MSFT MICROSOFT CORP | Technology | 16.4K | $6.1M | 1.7% | -19.7% |
| ALK ALASKA AIR GROUP INC | Industrials | 164.2K | $6.0M | 1.7% | -0.1% |
| NDAQ NASDAQ INC | Financials | 67.1K | $5.7M | 1.6% | +64.9% |
| CRWD CROWDSTRIKE HOLDINGS INC - A | Technology | 14.6K | $5.7M | 1.6% | -0.1% |
| LEN LENNAR CORP-A | Industrials | 63.6K | $5.5M | 1.6% | -0.6% |
| MRVL MARVELL TECHNOLOGY INC | Technology | 55.1K | $5.5M | 1.5% | -0.5% |
| ANET ARISTA NETWORKS INC | Technology | 43.1K | $5.3M | 1.5% | -0.3% |
| BRZE BRAZE INC-A | Technology | 221.5K | $5.2M | 1.5% | -0.7% |
| AVGO BROADCOM INC | Technology | 16.2K | $5.0M | 1.4% | 0.0% |
| UBER UBER TECHNOLOGIES INC | Services media | 66.0K | $4.7M | 1.3% | -0.1% |
| NVDA NVIDIA CORP | Technology | 25.2K | $4.4M | 1.2% | -0.8% |
| VCEL VERICEL CORP | Healthcare | 109.8K | $3.5M | 1.0% | -0.1% |
| ALL ALLSTATE CORP | Financials | 15.2K | $3.2M | 0.9% | -0.1% |
| CLF CLEVELAND-CLIFFS INC | Materials | 345.4K | $2.9M | 0.8% | -0.6% |
| CP CANADIAN PACIFIC KANSAS CITY | Industrials | 33.1K | $2.6M | 0.7% | -0.1% |
| GOOGL ALPHABET INC-CL A | Technology | 7.6K | $2.2M | 0.6% | -0.1% |
| ZS ZSCALER INC | Technology | 13.7K | $1.9M | 0.5% | -0.1% |
| GNRC GENERAC HOLDINGS INC | Industrials | 8.1K | $1.6M | 0.4% | -0.1% |
| AAPL APPLE INC | Technology | 5.3K | $1.3M | 0.4% | -0.1% |
| MRK MERCK & CO. INC. | Healthcare | 10.1K | $1.2M | 0.3% | Held |
| AMD ADVANCED MICRO DEVICES | Technology | 3.7K | $757K | 0.2% | Held |
| QCOM QUALCOMM INC | Technology | 5.3K | $682K | 0.2% | Held |
| FIX COMFORT SYSTEMS USA INC | Industrials | 376 | $519K | 0.1% | Held |
| TRGP TARGA RESOURCES CORP | Utilities | 1.5K | $381K | 0.1% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 650 | $311K | 0.1% | Held |
| NVT NVENT ELECTRIC PLC | Industrials | 2.4K | $288K | 0.1% | Held |
| GOLF ACUSHNET HOLDINGS CORP | Other | 2.6K | $247K | 0.1% | Held |
| HUBB HUBBELL INC | Technology | 411 | $202K | 0.1% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 50 | $353.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 58 | $386.1M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 56 | $373.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 53 | $310.2M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 57 | $284.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 53 | $282.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 56 | $251.7M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 58 | $270.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 56 | $261.6M | canonical | SEC ↗ |
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