First American Trust Portfolio holdings

First American Trust's Q2 2015 Portfolio in Review

As of Q2 2015, First American Trust held 101 positions worth $270M, down 3.7% from $281M the previous quarter. Its ten largest holdings account for 26% of the portfolio.

First American Trust withdrew a net $11.1M in Q2 2015, closing 8 positions and reducing 59 holdings. Its most notable exit was Johnson Controls International, an estimated $2.51M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 17% of assets, up from 16% a quarter earlier, followed by Financials and Technology.

Against the trend, First American Trust opened a new position in Bristol-Myers Squibb worth $2.36M.

• First American Trust's largest Q2 2015 buy was Bristol-Myers Squibb: 35,527 shares worth $2.36M.
• First American Trust added most to Applied Materials in Q2 2015, an estimated $985K increase.
• First American Trust's biggest Q2 2015 reduction was Procter & Gamble, cutting an estimated $2.01M.
• First American Trust fully exited Johnson Controls International in Q2 2015, selling an estimated $2.51M.
• First American Trust's ten largest holdings make up 26% of its $270M portfolio in Q2 2015.
• First American Trust opened 13 new positions and closed 8 in Q2 2015.
• First American Trust's portfolio value fell 3.7% quarter-over-quarter to $270M.

Based on First American Trust's 13F filing for Q2 2015, filed 2 Jul 2015.