Skip to main content
Livermore
Livermore
ZHEN

First City Capital Management, Inc.

SEC CIK
0001427350
Latest filing
Jul 13, 2026

The latest 13F from First City Capital Management, Inc. covers Q2 2026 (filed Jul 13, 2026): 164 long positions worth $205.5M. The top 10 holdings make up 34.1% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 4.6%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
9
Est. +$3.20M
Added
32
Est. +$3.11M
Reduced
51
Est. −$1.12M
Sold out
5
Est. −$2.06M

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    4.6%$9.49MHistory
  2. Vanguard S&P 500 ETF922908363
    4.6%$9.41M
  3. Unified Ser Tr90470L550
    3.7%$7.68M
  4. LLYEli Lilly & Co
    3.6%$7.32MHistory
  5. MSFTMicrosoft Corp
    3.5%$7.26MHistory

Share of portfolio

Top 5 holdings and the other 159 positions, by share of portfolio value

  1. SPY4.6%
  2. Vanguard S&P 500 ETF4.6%
  3. Unified Ser Tr3.7%
  4. LLY3.6%
  5. MSFT3.5%
  6. Other 159 positions80.0%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Star FDS921909768
    +$916.1KAdded
  2. INTCIntel Corp
    +$620.8KNewHistory
  3. DELLDell Technologies Inc.
    +$500.1KNewHistory
  4. HONHoneywell International Inc
    +$494.6KNewHistory
  5. HONAHoneywell Aerospace Inc.
    +$488.4KNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. Vanguard Star FDS921909768
    +0.45 pp0.3% → 0.7%
  2. Vanguard S&P 500 ETF922908363
    +0.31 pp4.3% → 4.6%
  3. INTCIntel Corp
    +0.30 pp0.0% → 0.3%History
  4. AMATApplied Materials Inc
    +0.29 pp0.2% → 0.5%History
  5. DELLDell Technologies Inc.
    +0.24 pp0.0% → 0.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. HONHoneywell International Inc
    −$1.00MSold outHistory
  2. SEESealed Air Corp
    −$436.9KSold outHistory
  3. MDTMedtronic plc
    −$211.0KSold outHistory
  4. NFLXNetflix Inc
    −$208.6KSold outHistory
  5. SLBSLB Limited
    −$203.0KSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. XOMExxonMobil Holdings Corp
    −1.05 pp4.0% → 2.9%History
  2. HONHoneywell International Inc
    −0.53 pp0.5% → 0.0%History
  3. VZVerizon Communications Inc
    −0.31 pp1.3% → 1.0%History
  4. SEESealed Air Corp
    −0.23 pp0.2% → 0.0%History
  5. GLDSPDR Gold Trust
    −0.22 pp1.0% → 0.7%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$205.5M
+$16.8M (+8.9%) vs. prior quarter
Positions
164
+4 vs. prior quarter
Top 10 concentration
34.1%
Top 10 as share of value
Turnover
1.6%
Q2 2026, one quarter
Average holding period
19.3 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $205.5M (Q2 2026)

Q1 2021: $172.7MQ2 2021: $182.0MQ3 2021: $177.7MQ4 2021: $177.8MQ1 2022: $181.5MQ2 2022: $162.5MQ3 2022: $151.7MQ4 2022: $166.0MQ1 2023: $171.0MQ2 2023: $169.4MQ3 2023: $159.3MQ4 2023: $172.3MQ1 2024: $180.6MQ2 2024: $178.0MQ3 2024: $194.0MQ4 2024: $187.9MQ1 2025: $166.8MQ2 2025: $173.2MQ3 2025: $185.4MQ4 2025: $189.3MQ1 2026: $188.7MQ2 2026: $205.5M
Q1 2021Q2 2026
13F filings of First City Capital Management, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 13, 2026164$205.5MSPYVanguard S&P 500 ETFUnified Ser Trvs. Q1 2026SEC
Q1 2026Apr 17, 2026160$188.7MSPYVanguard S&P 500 ETFXOMvs. Q4 2025SEC
Q4 2025Jan 14, 2026156$189.3MMSFTSPYVanguard S&P 500 ETFvs. Q3 2025SEC
Q3 2025Oct 21, 2025153$185.4MMSFTSPYVanguard S&P 500 ETFvs. Q2 2025SEC
Q2 2025Jul 15, 2025145$173.2MMSFTSPYVanguard S&P 500 ETFvs. Q1 2025SEC
Q1 2025Apr 11, 2025147$166.8MMSFTSPYXOMvs. Q4 2024SEC
Q4 2024Jan 3, 2025153$187.9MMSFTHDSPYvs. Q3 2024SEC
Q3 2024Nov 7, 2024162$194.0MMSFTHDSPYvs. Q2 2024SEC
Q2 2024Aug 13, 2024157$178.0MMSFTLLYSPYvs. Q1 2024SEC
Q1 2024May 22, 2024167$180.6MMSFTHDLLYvs. Q4 2023SEC
Q4 2023Feb 7, 2024Amended166$172.3MMSFTHDKOvs. Q3 2023SEC
Q3 2023Oct 26, 2023161$159.3MMSFTHDLLYvs. Q2 2023SEC
Q2 2023Jul 19, 2023169$169.4MMSFTHDLLYvs. Q1 2023SEC
Q1 2023May 1, 2023170$171.0MMSFTHDXOMvs. Q4 2022SEC
Q4 2022Feb 13, 2023162$166.0MHDMSFTKOvs. Q3 2022SEC
Q3 2022Oct 24, 2022156$151.7MMSFTHDKOvs. Q2 2022SEC
Q2 2022Jul 21, 2022159$162.5MMSFTHDKOvs. Q1 2022SEC
Q1 2022May 4, 2022171$181.5MMSFTHDKOvs. Q4 2021SEC
Q4 2021Feb 7, 2022164$177.8MHDMSFTKOvs. Q3 2021SEC
Q3 2021Oct 28, 2021168$177.7MHDMSFTKOvs. Q2 2021SEC
Q2 2021Aug 13, 2021172$182.0MHDMSFTKOvs. Q1 2021SEC
Q1 2021May 13, 2021168$172.7MHDMSFTKO–SEC