First Western Capital Management Portfolio holdings

First Western Capital Management's Q1 2016 Portfolio in Review

As of Q1 2016, First Western Capital Management held 119 positions worth $282M, down 12% from $320M the previous quarter. Its ten largest holdings account for 24% of the portfolio.

First Western Capital Management withdrew a net $36.4M in Q1 2016, closing 28 positions and reducing 45 holdings. Its most notable exit was Vanguard S&P 500 ETF, an estimated $11.3M position sold in full.

By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 16% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, First Western Capital Management opened a new position in Valero Energy worth $1.89M.

• First Western Capital Management's largest Q1 2016 buy was Valero Energy: 29,425 shares worth $1.89M.
• First Western Capital Management added most to Intuit in Q1 2016, an estimated $3.2M increase.
• First Western Capital Management's biggest Q1 2016 reduction was Costco, cutting an estimated $2.99M.
• First Western Capital Management fully exited Vanguard S&P 500 ETF in Q1 2016, selling an estimated $11.3M.
• First Western Capital Management's ten largest holdings make up 24% of its $282M portfolio in Q1 2016.
• First Western Capital Management opened 11 new positions and closed 28 in Q1 2016.
• First Western Capital Management's portfolio value fell 12% quarter-over-quarter to $282M.

Based on First Western Capital Management's 13F filing for Q1 2016, filed 20 Apr 2016.