First Western Trust Bank
Long book
$1.98B
Q1 2026
Positions
205
Top-10 weight
81%
concentration
Last quarter
+6.3%
SPY +14.8%
Turnover
12%
of book per quarter
Strategy in plain words
auto-generated from filingsFirst Western Trust Bank is an institutional manager, specialised in healthcare (77% of the long book), running a $1.98B US long book across 205 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: STRYKER CORP, VANGUARD S&P 500 ETF, ISHARES RUSSELL MID-CAP ETF, SS SPDR S&P 500 ETF TRUST-US, INVESCO S&P 500 EQUAL WEIGHT.
Over the last 9 quarters its long book ran on average 3.1pp per quarter behind the S&P 500, beating the index in 3 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
-2.2%
Q2 2024
+6.7%
Q3 2024
-0.0%
Q4 2024
+0.9%
Q1 2025
+7.6%
Q2 2025
-0.8%
Q3 2025
-1.7%
Q4 2025
-4.3%
Q1 2026
+6.3%
Sector allocation
Healthcare 77%
Technology 9%
Industrials 3%
Consumer discretionary 3%
Financials 3%
Services media 2%
Other 1%
Energy 1%
Long book by quarter
What does First Western own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| SYK STRYKER CORP | Healthcare | 3.0M | $992.2M | 50.1% | -7.2% |
| AAPL APPLE INC | Technology | 118.8K | $30.2M | 1.5% | +1.5% |
| WWD WOODWARD INC | Industrials | 59.4K | $21.2M | 1.1% | -6.2% |
| GOOGL ALPHABET INC-CL A | Technology | 64.8K | $18.6M | 0.9% | -1.5% |
| MSFT MICROSOFT CORP | Technology | 49.9K | $18.5M | 0.9% | -3.0% |
| JPM JPMORGAN CHASE & CO | Financials | 41.0K | $12.0M | 0.6% | -2.3% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 10.6K | $10.6M | 0.5% | -1.7% |
| NVDA NVIDIA CORP | Technology | 59.4K | $10.4M | 0.5% | -0.8% |
| V VISA INC-CLASS A SHARES | Services media | 30.7K | $9.3M | 0.5% | -1.3% |
| MCD MCDONALD'S CORP | Consumer discretionary | 23.8K | $7.4M | 0.4% | -9.6% |
| TJX TJX COMPANIES INC | Consumer discretionary | 41.8K | $6.7M | 0.3% | -5.9% |
| GILD GILEAD SCIENCES INC | Healthcare | 47.7K | $6.6M | 0.3% | -1.7% |
| SLB SLB LTD | Energy | 125.2K | $6.4M | 0.3% | 0.0% |
| HD HOME DEPOT INC | Consumer discretionary | 19.2K | $6.3M | 0.3% | -1.0% |
| TXN TEXAS INSTRUMENTS INC | Technology | 30.9K | $6.0M | 0.3% | -0.5% |
| ORCL ORACLE CORP | Technology | 34.8K | $5.1M | 0.3% | -7.3% |
| ECL ECOLAB INC | Other | 18.5K | $4.9M | 0.2% | -1.7% |
| MAR MARRIOTT INTERNATIONAL -CL A | Services media | 14.2K | $4.6M | 0.2% | -1.1% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 8.9K | $4.4M | 0.2% | -0.3% |
| JNJ JOHNSON & JOHNSON | Healthcare | 17.7K | $4.3M | 0.2% | -10.2% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 18.7K | $4.2M | 0.2% | -0.6% |
| ABT ABBOTT LABORATORIES | Healthcare | 40.1K | $4.1M | 0.2% | -1.5% |
| DHR DANAHER CORP | Technology | 20.4K | $3.9M | 0.2% | -0.1% |
| GOOG ALPHABET INC-CL C | Technology | 13.3K | $3.8M | 0.2% | -2.6% |
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 10.9K | $3.7M | 0.2% | -1.1% |
| BLK BLACKROCK INC | Financials | 3.9K | $3.7M | 0.2% | -0.7% |
| AMZN AMAZON.COM INC | Consumer discretionary | 17.6K | $3.7M | 0.2% | -1.4% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 7.2K | $3.4M | 0.2% | -1.3% |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 21.0K | $3.3M | 0.2% | -2.7% |
| SPGI S&P GLOBAL INC | Services media | 7.6K | $3.2M | 0.2% | -1.2% |
| NEE NEXTERA ENERGY INC | Utilities | 33.8K | $3.1M | 0.2% | +1.0% |
| INTU INTUIT INC | Technology | 7.1K | $3.1M | 0.2% | -6.6% |
| ACN ACCENTURE PLC-CL A | Services media | 14.0K | $2.8M | 0.1% | +3.3% |
| WMT WALMART INC | Consumer discretionary | 21.7K | $2.7M | 0.1% | +0.5% |
| PEP PEPSICO INC | Consumer staples | 17.3K | $2.7M | 0.1% | -4.0% |
| KO COCA-COLA CO/THE | Consumer staples | 35.2K | $2.7M | 0.1% | -0.6% |
| GE GENERAL ELECTRIC | Industrials | 9.4K | $2.7M | 0.1% | -2.4% |
| MYFW FIRST WESTERN FINANCIAL INC | Financials | 98.2K | $2.4M | 0.1% | +7.4% |
| EMR EMERSON ELECTRIC CO | Industrials | 17.5K | $2.3M | 0.1% | -10.3% |
| PG PROCTER & GAMBLE CO/THE | Other | 15.2K | $2.2M | 0.1% | -0.9% |
| KNX KNIGHT-SWIFT TRANSPORTATION | Industrials | 37.5K | $2.2M | 0.1% | -6.8% |
| RTX RTX CORP | Industrials | 11.0K | $2.1M | 0.1% | Held |
| DIS WALT DISNEY CO/THE | Services media | 22.0K | $2.1M | 0.1% | +1.6% |
| KDP KEURIG DR PEPPER INC | Consumer staples | 79.8K | $2.1M | 0.1% | +24.2% |
| GEV GE VERNOVA INC | Industrials | 2.3K | $2.0M | 0.1% | -2.6% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 32.6K | $2.0M | 0.1% | 0.0% |
| FTV FORTIVE CORP | Technology | 31.1K | $1.7M | 0.1% | -0.9% |
| XOM EXXON MOBIL CORP | Energy | 10.1K | $1.7M | 0.1% | +4.2% |
| LMT LOCKHEED MARTIN CORP | Industrials | 2.8K | $1.7M | 0.1% | +7.0% |
| AXP AMERICAN EXPRESS CO | Financials | 5.5K | $1.7M | 0.1% | -9.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 280 | $1.98B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 269 | $2.03B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 262 | $2.18B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 8, 2025 | 267 | $2.22B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 262 | $2.09B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 271 | $2.17B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 7, 2024 | 279 | $2.22B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 5, 2024 | 269 | $2.10B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 16, 2024 | 282 | $2.20B | canonical | SEC ↗ |