First American Bank Portfolio holdings

First American Bank's Q4 2018 Portfolio in Review

As of Q4 2018, First American Bank held 342 positions worth $1.28B, down 12% from $1.45B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

First American Bank withdrew a net $128M in Q4 2018, closing 29 positions and reducing 86 holdings. Its most notable exit was Pinnacle Foods, Inc., an estimated $2.49M position sold in full.

By sector, the portfolio is most concentrated in Technology at 9.3% of assets, down from 10% a quarter earlier, followed by Healthcare and Financials.

Against the trend, First American Bank opened a new position in Trane Technologies worth $1.78M.

• First American Bank's largest Q4 2018 buy was Trane Technologies: 19,526 shares worth $1.78M.
• First American Bank added most to State Street SPDR S&P Dividend ETF in Q4 2018, an estimated $4.21M increase.
• First American Bank's biggest Q4 2018 reduction was ExxonMobil, cutting an estimated $3.07M.
• First American Bank fully exited Pinnacle Foods, Inc. in Q4 2018, selling an estimated $2.49M.
• First American Bank's ten largest holdings make up 26% of its $1.28B portfolio in Q4 2018.
• First American Bank opened 9 new positions and closed 29 in Q4 2018.
• First American Bank's portfolio value fell 12% quarter-over-quarter to $1.28B.

Based on First American Bank's 13F filing for Q4 2018, filed 18 Jan 2019.