First American Bank Portfolio holdings

First American Bank's Q1 2018 Portfolio in Review

As of Q1 2018, First American Bank held 340 positions worth $1.32B, up 0.3% from $1.32B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

First American Bank withdrew a net $115M in Q1 2018, closing 12 positions and reducing 74 holdings. Its most notable exit was Microchip Technology, an estimated $2.2M position sold in full.

By sector, the portfolio is most concentrated in Technology at 9.3% of assets, up from 8.9% a quarter earlier, followed by Financials and Healthcare.

Against the trend, First American Bank opened a new position in Parker-Hannifin worth $3.22M.

• First American Bank's largest Q1 2018 buy was Parker-Hannifin: 18,805 shares worth $3.22M.
• First American Bank added most to Broadcom in Q1 2018, an estimated $2.15M increase.
• First American Bank's biggest Q1 2018 reduction was Trane Technologies, cutting an estimated $3.36M.
• First American Bank fully exited Microchip Technology in Q1 2018, selling an estimated $2.2M.
• First American Bank's ten largest holdings make up 26% of its $1.32B portfolio in Q1 2018.
• First American Bank opened 7 new positions and closed 12 in Q1 2018.
• First American Bank's portfolio value rose 0.3% quarter-over-quarter to $1.32B.

Based on First American Bank's 13F filing for Q1 2018, filed 18 Apr 2018.