First American Bank Portfolio holdings

First American Bank's Q3 2015 Portfolio in Review

As of Q3 2015, First American Bank held 267 positions worth $912M, down 10% from $1.01B the previous quarter. Its ten largest holdings account for 42% of the portfolio.

First American Bank withdrew a net $78M in Q3 2015, closing 23 positions and reducing 60 holdings. Its most notable exit was Cabela's Inc, an estimated $11.4M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 9.7% of assets, down from 12% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, First American Bank opened a new position in Mohawk Industries worth $8.36M.

• First American Bank's largest Q3 2015 buy was Mohawk Industries: 45,998 shares worth $8.36M.
• First American Bank added most to Starbucks in Q3 2015, an estimated $11.9M increase.
• First American Bank's biggest Q3 2015 reduction was Johnson Controls International, cutting an estimated $7.42M.
• First American Bank fully exited Cabela's Inc in Q3 2015, selling an estimated $11.4M.
• First American Bank's ten largest holdings make up 42% of its $912M portfolio in Q3 2015.
• First American Bank opened 10 new positions and closed 23 in Q3 2015.
• First American Bank's portfolio value fell 10% quarter-over-quarter to $912M.

Based on First American Bank's 13F filing for Q3 2015, filed 9 Oct 2015.