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First Washington CORP

SEC Form 13F institutional filer · CIK 0001390043

13F-HR · 33 reported holdings · 2026-03-31

Reported long-US-equity value

$0.18B

Top-10 concentration

59.7%

First Washington CORP — $175M AUM allocation strategy

First Washington CORP files SEC Form 13F and reports $175M of long US equity value across 33 reported holdings for 2026-03-31.

Its largest sector bet is Industrials 30.4%, followed by Information Technology 24.5% and Financials 15.7%.

The top 10 holdings account for 60% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.

First Washington CORP — latest SEC 13F insights

Reported long-US-equity value (13F AUM)

$175M

total across 33 reported holdings · 2026-03-31 · excludes shorts, cash, non-US

Top-10 concentration

60% of value

higher = narrower conviction; lower = spread / hedging

Biggest adds (shares)

$NDAQ$ICE$CME

+$NDAQ +26.4K sh · +$1.74M+$ICE +15.7K sh · +$2.33M+$CME +8.71K sh · +$2.98M

Biggest trims (shares)

$IVV$PCAR$MSFT

−$IVV −257K sh · −$25.7M−$PCAR −102K sh · −$9.43M−$MSFT −4.01K sh · −$3.79M

Added from nil (new positions)

$HUBB

1 fresh holding — new conviction

Exited to nil (held last quarter, gone now)

$MDT$GEHC$FISV$EQT$DVN

$MDT ($7.92M last qtr)$GEHC ($6.55M last qtr)$FISV ($5.19M last qtr)$EQT ($3.17M last qtr)$DVN ($931K last qtr)

Sector allocation (share of reported value)

Industrials 30%Information Technology 25%Financials 16%Consumer Discretionary 7%ETFs 5%Health Care 5%Consumer Staples 4%Other holdings 9%SECTORS
  • $XLIIndustrials30.4%
  • $XLKInformation Technology24.5%
  • $XLFFinancials15.7%
  • $XLYConsumer Discretionary6.6%
  • ETFs5.1%
  • $XLVHealth Care4.5%
  • $XLPConsumer Staples3.6%
  • Other holdings9.5%

each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”

Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.

Industry allocation (share of reported value)

Construction Machinery & Heavy Transportation Equipment 19%Semiconductors 15%Financial Exchanges & Data 12%Systems Software 7%Heavy Electrical Equipment 5%Pharmaceuticals 5%Diversified Banks 4%Consumer Staples Merchandise Retail 4%Other holdings 30%INDUSTRIES
  • Construction Machinery & Heavy Transportation Equipment19.0%
  • Semiconductors14.8%
  • Financial Exchanges & Data11.9%
  • Systems Software6.7%
  • Heavy Electrical Equipment5.2%
  • Pharmaceuticals4.5%
  • Diversified Banks3.9%
  • Consumer Staples Merchandise Retail3.6%
  • Other holdings30.4%

the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”

Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.

Top S&P 500 holdings

9 of 9 rows · sorted by Value ↓

TickerHoldingSharesValueΔ QoQWeight
$PCARPACCAR Inc289K$33.3M-102K19.0%
$MUMicron Technology Inc32.8K$11.1M-516.3%
$GEVGE Vernova Inc10.4K$9.04M-3.29K5.2%
$CMECME Group Inc27K$7.98M+8.71K4.6%
$LLYEli Lilly and Company8.6K$7.91M-254.5%
$ICEIntercontinental Exchange Inc45.4K$7.14M+15.7K4.1%
$BACBank of America Corporation140K$6.81M-943.9%
$COSTCostco Wholesale Corporation6.34K$6.32M-33.6%
$ETNEaton Corporation PLC17.5K$6.27M-673.6%

…and 24 more holdings in the full 13F filing (top positions only shown).

SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported

← All 13F filers·← QuantOrb.pro

How to read Δ QoQ — the five insight categories, and the caveats

The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.

Conviction & concentration shifts

New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.

Sector & macro allocation rotations

Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.

Crowding & smart-money consensus

When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.

Derivative & option overlays

Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.

Who reads this

Retail "cloners"High-conviction ideas to replicate ~45 days after quarter-end.
Corporate IRWhich funds bought or dumped the stock, before the next call.
Quant / algo tradersCross-sectional factor inputs: flow, momentum, ownership.

Four caveats before you trade on it

  • 45-day lag — holdings are quarter-end; positions may already be closed.
  • Long-only — 13Fs miss shorts, pair trades and cash.
  • No non-US / fixed income — the picture is US equities plus options.
  • Corporate actions — splits and spinoffs distort raw share deltas.

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