First American Bank Portfolio holdings

First American Bank's Q2 2014 Portfolio in Review

As of Q2 2014, First American Bank held 242 positions worth $929M, up 3.1% from $902M the previous quarter. Its ten largest holdings account for 37% of the portfolio.

First American Bank withdrew a net $30.6M in Q2 2014, closing 11 positions and reducing 52 holdings. Its most notable exit was ROCK-TENN COMPANY CL-A, an estimated $6.46M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 8.6% of assets, up from 8.4% a quarter earlier, followed by Industrials and Technology.

Against the trend, First American Bank opened a new position in Devon Energy worth $10.5M.

• First American Bank's largest Q2 2014 buy was Devon Energy: 132,755 shares worth $10.5M.
• First American Bank added most to Anadarko Petroleum in Q2 2014, an estimated $1.05M increase.
• First American Bank's biggest Q2 2014 reduction was 3D Systems Corp, cutting an estimated $4.2M.
• First American Bank fully exited ROCK-TENN COMPANY CL-A in Q2 2014, selling an estimated $6.46M.
• First American Bank's ten largest holdings make up 37% of its $929M portfolio in Q2 2014.
• First American Bank opened 19 new positions and closed 11 in Q2 2014.
• First American Bank's portfolio value rose 3.1% quarter-over-quarter to $929M.

Based on First American Bank's 13F filing for Q2 2014, filed 7 Jul 2014.