First Mercantile Trust Portfolio holdings

First Mercantile Trust's Q2 2015 Portfolio in Review

As of Q2 2015, First Mercantile Trust held 1,151 positions worth $1.17B, down 3% from $1.21B the previous quarter. Its ten largest holdings account for 14% of the portfolio.

First Mercantile Trust withdrew a net $49M in Q2 2015, closing 177 positions and reducing 504 holdings. Its most notable exit was Franklin Resources, an estimated $2.82M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 16% of assets, up from 15% a quarter earlier, followed by Financials and Technology.

Against the trend, First Mercantile Trust opened a new position in Lockheed Martin worth $3.25M.

• First Mercantile Trust's largest Q2 2015 buy was Lockheed Martin: 17,501 shares worth $3.25M.
• First Mercantile Trust added most to Motorola Solutions in Q2 2015, an estimated $2.64M increase.
• First Mercantile Trust's biggest Q2 2015 reduction was Perrigo, cutting an estimated $5.53M.
• First Mercantile Trust fully exited Franklin Resources in Q2 2015, selling an estimated $2.82M.
• First Mercantile Trust's ten largest holdings make up 14% of its $1.17B portfolio in Q2 2015.
• First Mercantile Trust opened 73 new positions and closed 177 in Q2 2015.
• First Mercantile Trust's portfolio value fell 3% quarter-over-quarter to $1.17B.

Based on First Mercantile Trust's 13F filing for Q2 2015, filed 10 Aug 2015.