First City Capital Management Portfolio holdings

First City Capital Management's Q1 2016 Portfolio in Review

As of Q1 2016, First City Capital Management held 705 positions worth $146M, down 1.9% from $149M the previous quarter. Its ten largest holdings account for 26% of the portfolio.

First City Capital Management withdrew a net $5.5M in Q1 2016, closing 36 positions and reducing 177 holdings. Its most notable exit was Energy Transfer Partners L.p., an estimated $702K position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 16% of assets, down from 17% a quarter earlier, followed by Industrials and Consumer Staples.

Against the trend, First City Capital Management opened a new position in Eaton worth $1.08M.

• First City Capital Management's largest Q1 2016 buy was Eaton: 17,265 shares worth $1.08M.
• First City Capital Management added most to Weyerhaeuser in Q1 2016, an estimated $436K increase.
• First City Capital Management's biggest Q1 2016 reduction was Home Depot, cutting an estimated $365K.
• First City Capital Management fully exited Energy Transfer Partners L.p. in Q1 2016, selling an estimated $702K.
• First City Capital Management's ten largest holdings make up 26% of its $146M portfolio in Q1 2016.
• First City Capital Management opened 38 new positions and closed 36 in Q1 2016.
• First City Capital Management's portfolio value fell 1.9% quarter-over-quarter to $146M.

Based on First City Capital Management's 13F filing for Q1 2016, filed 12 May 2016.