FIRST REPUBLIC INVESTMENT MANAGEMENT, INC.

CIK

1418204

Location

San Francisco, CA

Portfolio Value

Large $34,584,999,346

Diversification

Diversified

Filing Date

Global Rank

#158 / 7,036 ▲ 86 · as of Sep 2023

Top Industry

Semiconductors 7.4%

Period ended 3 years ago

Filed Nov 8, 2023 · 3y

15 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

13F reports continue under

Breed's Hill Capital LLC from Dec 31, 2023

Portfolio style

Measured from the filed 13F common-share book for Sep 30, 2023, never from the firm's own description.

Style

Diversified active

Top 10 weight 35.0%, 47.8 effective positions, active share 37.5% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

18.1% over the last four quarters (under 30%)

Horizon

Horizon unknown

The value-weighted holding period is at least 7.6 quarters, but 44.1% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 37.5%; sector active share 17.1% against the combined 13F book's sector weights.

Over time 15 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

1,676 tracked positions · as of Sep 30, 2023 · Δ vs Jun 30, 2023

Top Position

10.0%

−10.9 pts

Top 5

25.6%

−15.0 pts

Top 10

35.0%

−14.7 pts

HHI

209

Diversified−400

Portfolio Trend

15 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2023

Sector	% Portfolio	Value	Positions
Unclassified	28.5%	$9,871,822,520	487
Technology	20.5%	$7,083,255,612	187
Healthcare	9.6%	$3,311,547,317	138
Financial Services	9.0%	$3,113,092,185	216
Consumer Cyclical	7.1%	$2,458,375,356	142
Industrials	6.7%	$2,312,523,997	168
Energy	5.6%	$1,953,007,370	59
Communication Services	4.4%	$1,512,061,597	50
Consumer Defensive	4.0%	$1,385,409,156	52
Real Estate	2.1%	$716,744,853	86
Basic Materials	1.7%	$600,601,202	50
Utilities	0.8%	$266,558,181	41

Last Quarter's Activity

Export CSV

Sep 30, 2023 vs Jun 30, 2023

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
STWD	Starwood Property Trust, Inc.	+1,349,284	2,941,284	$56,913,845
KKR	KKR & Co. Inc.	+728,475	854,226	$52,620,321
ARES	Ares Management Corp	+698,246	1,464,266	$150,629,043
CCJ	Cameco Corp	+650,436	670,042	$26,560,464
NVO	Novo Nordisk A S	+511,680	1,006,740	$91,552,935
URA	Global X Uranium ETF	+422,168	441,479	$11,937,592
OMFL	Invesco Russell 1000 Dynamic Multifactor ETF	+416,799	789,598	$36,195,172
FCX	Freeport-Mcmoran Inc	+266,125	336,802	$12,559,346
RSPT	Victory Portfolios II	+265,196	288,023	$8,107,847
PRF	Victory Portfolios II	+262,283	329,674	$10,490,226
ESRT	Empire State Realty Trust, Inc.	+260,840	300,970	$2,419,798
CPA	Copa Holdings, S.A.	+254,345	261,319	$23,288,749
SDY	State Street(R) SPDR(R) S&P(R) Dividend ETF	+231,382	1,478,260	$170,014,682
OKE	Oneok Inc	+191,301	1,832,710	$116,248,795
NU	Nu Holdings Ltd.	+187,825	375,342	$2,721,229
—		+170,208	442,882	$6,528,081
REGL	ProShares S&P MidCap 400 Dividend Aristocrats ETF	+164,143	346,112	$23,099,514
EFV	iShares MSCI EAFE Value ETF	+152,304	779,568	$38,144,262
XYLD	Global X S&P 500 Covered Call ETF	+141,055	187,432	$7,289,230
MRVL	Marvell Technology, Inc.	+140,676	792,479	$42,896,888
XLU	State Street(R) Utilities Select Sector SPDR(R) ETF	+137,579	285,784	$16,841,251
CRWD	CrowdStrike Holdings, Inc.	+112,479	297,275	$49,757,889
UBER	Uber Technologies, Inc	+95,316	1,509,335	$69,414,316
RYN	Rayonier Inc	+91,141	228,879	$6,513,896
CALF	Pacer US Small Cap Cash Cows 100 ETF	+90,893	368,157	$15,352,146
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
RMBS	Rambus Inc	−678,275	4,643	$259,032
PFE	Pfizer Inc	−610,207	3,406,550	$112,995,263
CCI	Crown Castle Inc.	−609,749	504,532	$46,432,079
BIP	Brookfield Infrastructure Partners L.P.	−557,373	28,663	$842,692
—		−375,703	120,845	$11,314,690
RTX	RTX Corp	−374,486	1,494,708	$107,574,134
XLE	State Street(R) Energy Select Sector SPDR(R) ETF	−355,340	317,011	$28,654,624
VEA	Vanguard FTSE Developed Markets ETF	−336,073	6,683,908	$292,220,457
MRK	Merck & Co., Inc.	−334,740	3,062,384	$315,272,432
ARE	Alexandria Real Estate Equities, Inc.	−331,690	102,345	$10,244,734
VIG	Vanguard Specialized Funds	−282,895	1,952,910	$303,443,155
IEMG	iShares Trust	−267,288	1,301,317	$0
DVY	iShares Select Dividend ETF	−247,349	380,175	$40,922,037
AMCR	Amcor plc	−228,002	289,641	$2,653,111
SOFI	SoFi Technologies, Inc.	−221,252	105,335	$841,626
EXR	Extra Space Storage Inc.	−204,862	292,219	$35,527,986
GDX	VanEck Gold Miners ETF	−203,128	514,332	$13,840,674
SPY	Spdr S&P 500 ETF Trust	−199,924	2,232,889	$954,515,389
IWD	iShares Russell 1000 Value ETF	−183,473	1,250,816	$189,898,885
IWV	iShares Russell 3000 ETF	−182,622	466,979	$114,437,873
VTRS	Viatris Inc	−173,184	40,417	$398,511
DSI	iShares ESG MSCI KLD 400 ETF	−171,630	248,334	$20,216,870
EFA	iShares MSCI EAFE ETF	−161,142	1,662,601	$114,586,460
ET	Energy Transfer LP	−160,490	736,012	$10,326,254
ABT	Abbott Laboratories	−155,227	1,644,689	$159,288,129
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
AAPL	Apple Inc.	8,488,091	$1,453,246,060
MSFT	Microsoft Corp	4,566,099	$1,441,745,759
NVDA	Nvidia Corp	1,674,849	$728,542,566
GOOGL	Alphabet Inc.	4,848,423	$634,464,633
AMZN	Amazon Com Inc	4,799,700	$610,137,864
AVGO	Broadcom Inc.	674,906	$560,563,425
LLY	ELI LILLY & Co	811,230	$435,735,969
V	Visa Inc.	1,557,972	$358,349,139
CVX	Chevron Corp	2,068,493	$348,789,289
ETN	Eaton Corp plc	1,596,494	$340,500,240
PEP	Pepsico Inc	1,942,747	$329,179,051
XOM	ExxonMobil Holdings Corp	2,513,311	$295,515,107
GOOG	Alphabet Inc.	2,111,766	$278,436,347
JPM	Jpmorgan Chase & Co	1,745,109	$253,075,707
PG	PROCTER & GAMBLE Co	1,689,373	$246,411,945
ABNB	Airbnb, Inc.	1,715,164	$235,337,652
MS	Morgan Stanley	2,737,798	$223,595,962
HD	Home Depot, Inc.	685,763	$207,210,148
META	Meta Platforms, Inc.	665,709	$199,852,498
TXN	Texas Instruments Inc	1,233,476	$196,135,018
MCD	Mcdonalds Corp	729,444	$192,164,727
BX	Blackstone Inc.	1,781,964	$190,919,622
PLD	Prologis, Inc.	1,650,159	$185,164,341
CSCO	Cisco Systems, Inc.	3,333,468	$179,207,239
DHR	Danaher Corp	720,879	$178,850,072
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
RILY	BRC Group Holdings, Inc.	158,670	$7,295,646
IRDM	Iridium Communications Inc.	88,532	$5,499,607
SGHT	Sight Sciences, Inc.	551,802	$4,568,920
—		43,070	$2,684,100
RRR	Red Rock Resorts, Inc.	44,167	$2,066,132
NXST	Nexstar Media Group, Inc.	12,334	$2,054,227
KNF	Knife River Corp	30,626	$1,332,231
IEUR	iShares Core MSCI Europe ETF	20,559	$1,082,020
SIMO	Silicon Motion Technology CORP	12,407	$891,567
TRC	Tejon Ranch Co	50,000	$860,500
ALDX	Aldeyra Therapeutics, Inc.	100,111	$839,931
DFIV	Dimensional International Value ETF	24,179	$794,280
HE	Hawaiian Electric Industries Inc	21,448	$776,417
BBAX	JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF	15,303	$731,942
RCKT	Rocket Pharmaceuticals, Inc.	36,530	$725,851
—		6,648	$721,112
PSCE	Invesco Ltd.	13,847	$656,347
AROW	Arrow Financial Corp	30,808	$620,473
AGRO	Adecoagro S.A.	64,000	$599,040
TLTE	FlexShares Morningstar Emerging Markets Factor Tilt Index Fund	10,704	$521,605
DFAX	Dimensional World ex. U.S. Core Equity 2 ETF	22,043	$513,822
BBEU	JPMorgan BetaBuilders Europe ETF	9,433	$510,513
TLTD	FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund	7,351	$477,079
BILL	BILL Holdings, Inc.	4,081	$476,864
BCSF	Bain Capital Specialty Finance, Inc.	33,450	$451,909
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1,676 tracked positions · $34,584,999,346 total · filing declares 1,710 positions · $35,010,290,265 · as of Sep 30, 2023

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 1,676 positions by value · page 1 of 34

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
AAPL	Apple Inc. Technology	NEW	8,488,091	NEW	$1,453,246,060	NEW	1	$183.38	4.20%
MSFT	Microsoft Corp Technology	NEW	4,566,099	NEW	$1,441,745,759	NEW	1	$330.44	4.17%
SPY	Spdr S&P 500 ETF Trust	Reduced	2,232,889	-199,924	$954,515,389	−11.5%	15+	before history	2.76%
VOO	VANGUARD 500 INDEX FUND	Reduced	1,972,787	-137,213	$774,713,454	−9.9%	15+	before history	2.24%
NVDA	Nvidia Corp Technology	NEW	1,674,849	NEW	$728,542,566	NEW	1	$448.03	2.11%
GOOGL	Alphabet Inc. Communication Services	NEW	4,848,423	NEW	$634,464,633	NEW	1	$129.36	1.83%
AMZN	Amazon Com Inc Consumer Cyclical	NEW	4,799,700	NEW	$610,137,864	NEW	1	$134.00	1.76%
AVGO	Broadcom Inc. Technology	NEW	674,906	NEW	$560,563,425	NEW	1	$866.82	1.62%
IVV	iShares Core S&P 500 ETF	Reduced	1,290,714	-151,746	$554,271,313	−13.8%	15+	before history	1.60%
LLY	ELI LILLY & Co Healthcare	NEW	811,230	NEW	$435,735,969	NEW	1	$515.29	1.26%
QQQ	Invesco Qqq Trust, Series 1	Reduced	1,102,727	-127,983	$395,074,002	−13.1%	15+	before history	1.14%
V	Visa Inc. Financial Services	NEW	1,557,972	NEW	$358,349,139	NEW	1	$240.37	1.04%
CVX	Chevron Corp Energy	NEW	2,068,493	NEW	$348,789,289	NEW	1	$161.52	1.01%
IWF	iShares Russell 1000 Growth ETF	Reduced	1,288,731	-112,797	$342,789,558	−11.1%	15+	before history	0.99%
ETN	Eaton Corp plc Industrials	NEW	1,596,494	NEW	$340,500,240	NEW	1	$215.58	0.98%
ABBV	AbbVie Inc. Healthcare	Reduced	2,228,037	-115,354	$332,111,195	+5.2%	15+	before history	0.96%
PEP	Pepsico Inc Consumer Defensive	NEW	1,942,747	NEW	$329,179,051	NEW	1	$181.62	0.95%
UNH	Unitedhealth Group Inc Healthcare	Reduced	652,239	-50,580	$328,852,381	−2.6%	15+	before history	0.95%
MRK	Merck & Co., Inc. Healthcare	Reduced	3,062,384	-334,740	$315,272,432	−19.6%	15+	before history	0.91%
VIG	Vanguard Specialized Funds	Reduced	1,952,910	-282,895	$303,443,155	−16.4%	15+	before history	0.88%
XOM	ExxonMobil Holdings Corp Energy	NEW	2,513,311	NEW	$295,515,107	NEW	1	$109.68	0.85%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	842,194	-76,842	$295,020,558	−5.9%	15+	before history	0.85%
VEA	Vanguard FTSE Developed Markets ETF	Reduced	6,683,908	-336,073	$292,220,457	−9.9%	15+	before history	0.84%
GOOG	Alphabet Inc. Communication Services	NEW	2,111,766	NEW	$278,436,347	NEW	1	$130.02	0.81%
IWB	iShares Russell 1000 ETF	Reduced	1,094,237	-125,943	$257,047,213	−13.6%	15+	before history	0.74%
JPM	Jpmorgan Chase & Co Financial Services	NEW	1,745,109	NEW	$253,075,707	NEW	1	$149.90	0.73%
PG	PROCTER & GAMBLE Co Consumer Defensive	NEW	1,689,373	NEW	$246,411,945	NEW	1	$152.75	0.71%
ABNB	Airbnb, Inc. Consumer Cyclical	NEW	1,715,164	NEW	$235,337,652	NEW	1	$138.06	0.68%
IVW	iShares S&P 500 Growth ETF	Reduced	3,375,249	-25,388	$230,934,536	−3.6%	15+	before history	0.67%
MS	Morgan Stanley Financial Services	NEW	2,737,798	NEW	$223,595,962	NEW	1	$86.82	0.65%
COST	Costco Wholesale Corp Consumer Defensive	Reduced	390,646	-29,075	$220,699,364	−2.3%	15+	before history	0.64%
HD	Home Depot, Inc. Consumer Cyclical	NEW	685,763	NEW	$207,210,148	NEW	1	$321.60	0.60%
META	Meta Platforms, Inc. Communication Services	NEW	665,709	NEW	$199,852,498	NEW	1	$301.30	0.58%
TXN	Texas Instruments Inc Technology	NEW	1,233,476	NEW	$196,135,018	NEW	1	$170.62	0.57%
MCD	Mcdonalds Corp Consumer Cyclical	NEW	729,444	NEW	$192,164,727	NEW	1	$285.21	0.56%
HON	Honeywell International Inc Industrials	Reduced	1,038,180	-43,596	$191,793,345	−14.6%	15+	before history	0.55%
BX	Blackstone Inc. Financial Services	NEW	1,781,964	NEW	$190,919,622	NEW	1	$104.13	0.55%
IWD	iShares Russell 1000 Value ETF	Reduced	1,250,816	-183,473	$189,898,885	−16.1%	15+	before history	0.55%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Reduced	886,700	-97,811	$188,343,947	−13.2%	15+	before history	0.54%
IWM	iShares Russell 2000 ETF	Reduced	1,058,459	-81,379	$187,072,043	−12.4%	15+	before history	0.54%
PLD	Prologis, Inc. Real Estate	NEW	1,650,159	NEW	$185,164,341	NEW	1	$122.33	0.54%
CSCO	Cisco Systems, Inc. Technology	NEW	3,333,468	NEW	$179,207,239	NEW	1	$53.95	0.52%
DHR	Danaher Corp Healthcare	NEW	720,879	NEW	$178,850,072	NEW	1	unpriced	0.52%
ISRG	Intuitive Surgical Inc Healthcare	NEW	611,265	NEW	$178,666,646	NEW	1	$312.30	0.52%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	350,667	-34,919	$177,497,115	−11.8%	15+	before history	0.51%
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	Reduced	4,358,628	-142,288	$170,901,803	−6.7%	15+	before history	0.49%
SDY	State Street(R) SPDR(R) S&P(R) Dividend ETF	Added	1,478,260	+231,382	$170,014,682	+11.2%	15+	before history	0.49%
VTV	VANGUARD VALUE INDEX FUND	Added	1,224,307	+14,803	$168,868,664	−1.7%	15+	before history	0.49%
LIN	Linde PLC Basic Materials	NEW	452,898	NEW	$168,636,570	NEW	1	$380.59	0.49%
BAC	Bank Of America Corp Financial Services	NEW	6,158,162	NEW	$168,610,475	NEW	1	$29.59	0.49%

Showing the top 50 of 1,676 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.