First American Bank Portfolio holdings

First American Bank's Q4 2020 Portfolio in Review

As of Q4 2020, First American Bank held 343 positions worth $1.5B, down 11% from $1.69B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

First American Bank withdrew a net $376M in Q4 2020, closing 85 positions and reducing 94 holdings. Its most notable exit was Valero Energy, an estimated $1.4M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 44% of assets, down from 55% a quarter earlier, followed by Technology and Healthcare.

Against the trend, First American Bank opened a new position in PPG Industries worth $2.05M.

• First American Bank's largest Q4 2020 buy was PPG Industries: 14,206 shares worth $2.05M.
• First American Bank added most to Vanguard S&P 500 ETF in Q4 2020, an estimated $2.73M increase.
• First American Bank's biggest Q4 2020 reduction was Apple, cutting an estimated $3.13M.
• First American Bank fully exited Valero Energy in Q4 2020, selling an estimated $1.4M.
• First American Bank's ten largest holdings make up 30% of its $1.5B portfolio in Q4 2020.
• First American Bank opened 24 new positions and closed 85 in Q4 2020.
• First American Bank's portfolio value fell 11% quarter-over-quarter to $1.5B.

Based on First American Bank's 13F filing for Q4 2020, filed 6 Jan 2021.