First American Bank Portfolio holdings

First American Bank's Q3 2017 Portfolio in Review

As of Q3 2017, First American Bank held 363 positions worth $1.32B, up 4.5% from $1.26B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

First American Bank withdrew a net $106M in Q3 2017, closing 28 positions and reducing 115 holdings. Its most notable exit was Du Pont De Nemours E I, an estimated $2.75M position sold in full.

By sector, the portfolio is most concentrated in Technology at 8.2% of assets, down from 8.2% a quarter earlier, followed by Healthcare and Financials.

Against the trend, First American Bank opened a new position in British American Tobacco worth $1.7M.

• First American Bank's largest Q3 2017 buy was British American Tobacco: 27,169 shares worth $1.7M.
• First American Bank added most to Citigroup in Q3 2017, an estimated $2.36M increase.
• First American Bank's biggest Q3 2017 reduction was Verizon, cutting an estimated $1.96M.
• First American Bank fully exited Du Pont De Nemours E I in Q3 2017, selling an estimated $2.75M.
• First American Bank's ten largest holdings make up 24% of its $1.32B portfolio in Q3 2017.
• First American Bank opened 33 new positions and closed 28 in Q3 2017.
• First American Bank's portfolio value rose 4.5% quarter-over-quarter to $1.32B.

Based on First American Bank's 13F filing for Q3 2017, filed 6 Oct 2017.