First American Bank Portfolio holdings

First American Bank's Q1 2020 Portfolio in Review

As of Q1 2020, First American Bank held 337 positions worth $1.34B, down 16% from $1.6B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

First American Bank withdrew a net $150M in Q1 2020, closing 20 positions and reducing 77 holdings. Its most notable exit was State Street Energy Select Sector SPDR ETF, an estimated $2.93M position sold in full.

By sector, the portfolio is most concentrated in Technology at 11% of assets, up from 11% a quarter earlier, followed by Healthcare and Consumer Staples.

Against the trend, First American Bank opened a new position in CMS Energy worth $2.22M.

• First American Bank's largest Q1 2020 buy was CMS Energy: 37,719 shares worth $2.22M.
• First American Bank added most to Union Pacific in Q1 2020, an estimated $2.39M increase.
• First American Bank's biggest Q1 2020 reduction was Cisco, cutting an estimated $4.81M.
• First American Bank fully exited State Street Energy Select Sector SPDR ETF in Q1 2020, selling an estimated $2.93M.
• First American Bank's ten largest holdings make up 26% of its $1.34B portfolio in Q1 2020.
• First American Bank opened 14 new positions and closed 20 in Q1 2020.
• First American Bank's portfolio value fell 16% quarter-over-quarter to $1.34B.

Based on First American Bank's 13F filing for Q1 2020, filed 7 Apr 2020.