FIRST WILSHIRE SECURITIES MANAGEMENT INC
Long book
$443.9M
Q1 2026
Positions
85
Top-10 weight
56%
concentration
Last quarter
+7.8%
SPY +14.8%
Turnover
7%
of book per quarter
Strategy in plain words
auto-generated from filingsFIRST WILSHIRE SECURITIES MANAGEMENT INC is a diversified fundamental manager, running a $443.9M US long book across 85 positions.
The portfolio is concentrated: the top 10 names carry 56% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ISHARES 0-3 MONTH TREASURY B, LIBERTY GLOBAL LTD-A, ECOVYST INC, SANDRIDGE ENERGY INC, TRI POINTE HOMES 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 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-4.3%
Q2 2024
+8.3%
Q3 2024
+7.3%
Q4 2024
-5.1%
Q1 2025
+5.4%
Q2 2025
+12.9%
Q3 2025
+1.2%
Q4 2025
+10.8%
Q1 2026
+7.8%
Sector allocation
Industrials 19%
Materials 16%
Technology 13%
Other 12%
Communications 10%
Consumer discretionary 10%
Energy 8%
Financials 7%
Long book by quarter
What does FIRST WILSHIRE own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| LBTYA LIBERTY GLOBAL LTD-A | Communications | 2.3M | $28.3M | 6.4% | +1.5% |
| ECVT ECOVYST INC | Materials | 2.2M | $28.3M | 6.4% | +1.0% |
| SD SANDRIDGE ENERGY INC | Energy | 1.4M | $23.0M | 5.2% | +0.5% |
| T86 TRI POINTE HOMES INC | — | 446.5K | $20.9M | 4.7% | +1.2% |
| ROCK GIBRALTAR INDUSTRIES INC | Industrials | 499.9K | $19.9M | 4.5% | +287.7% |
| EZPW EZCORP INC-CL A | Consumer discretionary | 740.8K | $18.8M | 4.2% | -57.4% |
| CAMT CAMTEK LTD | Other | 91.6K | $13.9M | 3.1% | -12.2% |
| NWPX NWPX INFRASTRUCTURE INC | Industrials | 177.2K | $13.8M | 3.1% | -39.9% |
| MLR MILLER INDUSTRIES INC/TENN | Industrials | 299.0K | $13.6M | 3.1% | +0.1% |
| HUN HUNTSMAN CORP | Materials | 1.0M | $13.6M | 3.1% | +0.7% |
| AVNW AVIAT NETWORKS INC | Technology | 529.5K | $12.0M | 2.7% | +1.0% |
| IOSP INNOSPEC INC | Materials | 148.1K | $10.8M | 2.4% | +47.2% |
| CRNT CERAGON NETWORKS LTD | Technology | 4.9M | $10.5M | 2.4% | +18.0% |
| GILT GILAT SATELLITE NETWORKS LTD | Technology | 606.2K | $9.1M | 2.1% | -35.1% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 18.3K | $8.8M | 2.0% | +4.5% |
| TPC TUTOR PERINI CORP | Industrials | 100.8K | $7.8M | 1.8% | -10.9% |
| LMNR LIMONEIRA CO | Consumer staples | 578.1K | $7.8M | 1.7% | +122.2% |
| RELL RICHARDSON ELEC LTD | Consumer discretionary | 672.0K | $7.4M | 1.7% | +13.9% |
| ANDE ANDERSONS INC/THE | Consumer discretionary | 96.3K | $6.9M | 1.6% | +1.6% |
| SILC SILICOM LTD | Technology | 315.6K | $6.7M | 1.5% | +3.6% |
| MTRX MATRIX SERVICE CO | Industrials | 522.8K | $6.0M | 1.4% | -14.7% |
| ORN ORION GROUP HOLDINGS INC | Industrials | 528.2K | $5.8M | 1.3% | -0.4% |
| IMAX IMAX CORP | Other | 150.3K | $5.7M | 1.3% | +1.9% |
| LBTYK LIBERTY GLOBAL LTD-C | Communications | 436.8K | $5.1M | 1.2% | +2.0% |
| EWBC EAST WEST BANCORP INC | Financials | 46.6K | $5.0M | 1.1% | +0.9% |
| SIGA SIGA TECHNOLOGIES INC | Healthcare | 890.5K | $4.8M | 1.1% | +30.2% |
| PCYO PURE CYCLE CORP | Utilities | 426.7K | $4.3M | 1.0% | +15.1% |
| LXFR LUXFER HOLDINGS PLC | Materials | 342.2K | $4.2M | 0.9% | +0.7% |
| AGM FEDERAL AGRIC MTG CORP-CL C | Financials | 27.1K | $4.0M | 0.9% | +1.7% |
| CRD/A CRAWFORD & COMPANY -CL A | Financials | 347.6K | $3.5M | 0.8% | -0.5% |
| RBBN RIBBON COMMUNICATIONS INC | Technology | 1.4M | $3.0M | 0.7% | +11.0% |
| VTS VITESSE ENERGY INC | Energy | 131.7K | $2.4M | 0.5% | -40.1% |
| JEF JEFFERIES FINANCIAL GROUP IN | Financials | 52.8K | $2.2M | 0.5% | +1.3% |
| MX MAGNACHIP SEMICONDUCTOR CORP | Technology | 744.0K | $2.1M | 0.5% | +1.5% |
| MSFT MICROSOFT CORP | Technology | 4.0K | $1.5M | 0.3% | Held |
| CRD/B CRAWFORD & CO -CL B | Financials | 145.0K | $1.5M | 0.3% | +2.3% |
| MPC MARATHON PETROLEUM CORP | Energy | 4.8K | $1.2M | 0.3% | Held |
| SIRI SIRIUS XM HOLDINGS INC | Communications | 49.8K | $1.1M | 0.3% | -1.2% |
| GE GENERAL ELECTRIC | Industrials | 3.1K | $886K | 0.2% | -2.1% |
| CPW CHECK POINT SOFTWARE TECH | — | 5.9K | $846K | 0.2% | +37.3% |
| TTEK TETRA TECH INC | Services media | 21.5K | $648K | 0.1% | Held |
| CSCO CISCO SYSTEMS INC | Technology | 7.7K | $595K | 0.1% | Held |
| JNJ JOHNSON & JOHNSON | Healthcare | 2.3K | $557K | 0.1% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 2.6K | $538K | 0.1% | -4.7% |
| BAC BANK OF AMERICA CORP | Financials | 11.0K | $534K | 0.1% | -3.2% |
| GOOGL ALPHABET INC-CL A | Technology | 1.7K | $482K | 0.1% | -5.1% |
| DGX QUEST DIAGNOSTICS INC | Healthcare | 2.4K | $461K | 0.1% | Held |
| HD HOME DEPOT INC | Consumer discretionary | 1.3K | $436K | 0.1% | Held |
| GEV GE VERNOVA INC | Industrials | 477 | $416K | 0.1% | -10.5% |
| CMC COMMERCIAL METALS CO | Industrials | 6.5K | $399K | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 85 | $443.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 87 | $397.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 84 | $375.8M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 83 | $367.2M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 78 | $348.7M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 86 | $368.1M | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 84 | $355.9M | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 80 | $326.9M | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 82 | $341.9M | $K fixed canonical | SEC ↗ |
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