First American Bank Portfolio holdings

First American Bank's Q2 2022 Portfolio in Review

As of Q2 2022, First American Bank held 169 positions worth $982M, down 17% from $1.18B the previous quarter. Its ten largest holdings account for 39% of the portfolio.

First American Bank withdrew a net $30M in Q2 2022, closing 12 positions and reducing 84 holdings. Its most notable exit was Royal Bank of Canada, an estimated $3.48M position sold in full.

By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 26% a quarter earlier, followed by Healthcare and Financials.

Against the trend, First American Bank opened a new position in iShares Russell 1000 ETF worth $2.83M.

• First American Bank's largest Q2 2022 buy was iShares Russell 1000 ETF: 13,602 shares worth $2.83M.
• First American Bank added most to CVS Health in Q2 2022, an estimated $2.6M increase.
• First American Bank's biggest Q2 2022 reduction was Johnson & Johnson, cutting an estimated $3.2M.
• First American Bank fully exited Royal Bank of Canada in Q2 2022, selling an estimated $3.48M.
• First American Bank's ten largest holdings make up 39% of its $982M portfolio in Q2 2022.
• First American Bank opened 3 new positions and closed 12 in Q2 2022.
• First American Bank's portfolio value fell 17% quarter-over-quarter to $982M.

Based on First American Bank's 13F filing for Q2 2022, filed 31 Jul 2024.