FIRST REPUBLIC INVESTMENT MANAGEMENT, INC.
CIK
1418204
Location
San Francisco, CA
Portfolio Value
Mid
$1,336,389,956
Diversification
Diversified
Filing Date
Global Rank
#175
/ 6,895
▲ 158
Top Industry
Software - Infrastructure
7.6%
3Y Alpha vs SPY
-5.1%
Period ended 2 years ago
Filed Nov 8, 2023 · 2y
15 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+56.5%
SPY
+78.1%
Annualised alpha
-5.1%
Max drawdown
−18.2%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
1,154 positions · as of Sep 30, 2023 · Δ vs Jun 30, 2023Top Position
6.1%
−5.5 pts
Top 5
21.2%
−6.5 pts
Top 10
29.1%
−11.0 pts
HHI
151
Diversified−122
Portfolio Trend
15 quarters · across all stocks
Sector Breakdown
As of Sep 30, 2023| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 23.5% | $5,635,246,121 |
| Healthcare | 13.7% | $3,286,236,879 |
| Financial Services | 12.6% | $3,014,509,417 |
| Consumer Cyclical | 10.1% | $2,421,589,609 |
| Industrials | 9.0% | $2,164,795,926 |
| Energy | 8.0% | $1,920,661,554 |
| Unclassified | 6.2% | $1,478,372,995 |
| Consumer Defensive | 5.6% | $1,336,389,956 |
| Communication Services | 4.8% | $1,152,423,530 |
| Real Estate | 3.0% | $715,770,995 |
| Basic Materials | 2.5% | $594,079,725 |
| Utilities | 1.1% | $264,210,846 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| 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 | |
| FCX | Freeport-Mcmoran Inc | +266,125 | 336,802 | $12,559,346 | |
| 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 | |
| OKE | Oneok Inc /New/ | +191,301 | 1,832,710 | $116,248,795 | |
| NU | Nu Holdings Ltd. | +187,825 | 375,342 | $2,721,229 | |
| KW | Kennedy-Wilson Holdings, Inc. | +170,208 | 442,882 | $6,528,080 | |
| MRVL | Marvell Technology, Inc. | +140,676 | 792,479 | $42,896,888 | |
| 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 | |
| EPD | Enterprise Products Partners L.P. | +87,535 | 812,489 | $22,237,823 | |
| PAA | Plains All American Pipeline LP | +87,373 | 144,764 | $2,217,784 | |
| COF | Capital One Financial Corp | +50,296 | 204,822 | $19,877,975 | |
| WMB | Williams Companies, Inc. | +49,689 | 3,269,236 | $110,140,560 | |
| PCOR | Procore Technologies, Inc. | +48,626 | 75,635 | $4,940,478 | |
| SRE | Sempra | +46,384 | 117,263 | $7,977,401 | |
| CAG | Conagra Brands Inc. | +44,212 | 99,605 | $2,731,169 | |
| PCG | PG&E Corp | +42,976 | 108,100 | $1,743,653 | |
| CPRT | Copart Inc | +41,074 | 82,760 | $3,566,128 | |
| BXSL | Blackstone Secured Lending Fund | +37,148 | 54,854 | $1,500,805 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| 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 | |
| BIPH | Brookfield Infrastructure Partners L.P. | −557,373 | 28,663 | $842,692 | |
| RTX | RTX Corp | −374,486 | 1,494,708 | $107,574,134 | |
| 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 | |
| SOFI | SoFi Technologies, Inc. | −221,252 | 105,335 | $841,626 | |
| EXR | Extra Space Storage Inc. | −204,862 | 292,219 | $35,527,986 | |
| SPY | Spdr S&P 500 ETF Trust | −199,924 | 2,232,889 | $954,515,389 | |
| VTRS | Viatris Inc | −173,184 | 40,417 | $398,511 | |
| ET | Energy Transfer LP | −160,490 | 736,012 | $10,326,248 | |
| ABT | Abbott Laboratories | −155,227 | 1,644,689 | $159,288,129 | |
| SLRC | SLR Investment Corp. | −154,208 | 123,856 | $1,906,143 | |
| BMY | Bristol Myers Squibb Co | −140,345 | 433,312 | $25,149,428 | |
| QQQ | Invesco Qqq Trust, Series 1 | −127,983 | 1,102,727 | $395,074,002 | |
| CFG | Citizens Financial Group Inc/Ri | −124,982 | 127,159 | $3,407,861 | |
| SYY | Sysco Corp | −120,109 | 812,140 | $53,641,847 | |
| ABBV | AbbVie Inc. | −115,354 | 2,228,037 | $332,111,195 | |
| VLO | Valero Energy Corp/Tx | −113,249 | 143,511 | $20,336,943 | |
| DOC | Healthpeak Properties, Inc. | −111,420 | 203,629 | $3,738,628 | |
| LZ | Legalzoom.Com, Inc. | −111,074 | 364,026 | $3,982,444 | |
| UDR | UDR, Inc. | −105,569 | 83,297 | $2,971,203 | |
| JNJ | Johnson & Johnson | −99,616 | 756,793 | $117,870,509 | |
| AES | Aes Corp | −92,377 | 86,006 | $1,307,291 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| AAPL | Apple Inc. | 8,488,091 | $1,453,246,060 | |
| MSFT | Microsoft Corp | 4,566,099 | $1,441,745,759 | |
| GOOGL | Alphabet Inc. | 4,848,423 | $634,464,633 | |
| AMZN | Amazon Com Inc | 4,799,700 | $610,137,864 | |
| 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 | Exxon Mobil Corp | 2,513,311 | $295,515,107 | |
| 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 | |
| ISRG | Intuitive Surgical Inc | 611,265 | $178,666,646 | |
| LIN | Linde PLC | 452,898 | $168,636,570 | |
| BAC | Bank Of America Corp /De/ | 6,158,162 | $168,610,475 | |
| DHR | Danaher Corp /De/ | 720,879 | $158,555,029 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| 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 | |
| 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 | |
| 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 | |
| HE | Hawaiian Electric Industries Inc | 21,448 | $776,417 | |
| RCKT | Rocket Pharmaceuticals, Inc. | 36,530 | $725,851 | |
| AROW | Arrow Financial Corp | 30,808 | $620,473 | |
| AGRO | Adecoagro S.A. | 64,000 | $599,040 | |
| BILL | BILL Holdings, Inc. | 4,081 | $476,864 | |
| BCSF | Bain Capital Specialty Finance, Inc. | 33,450 | $447,433 | |
| THRM | Gentherm Inc | 6,312 | $356,691 | |
| PHR | Phreesia, Inc. | 11,473 | $355,777 | |
| QDEL | QuidelOrtho Corp | 4,281 | $354,723 | |
| WTRG | Essential Utilities, Inc. | 8,836 | $352,644 | |
| CRNX | Crinetics Pharmaceuticals, Inc. | 19,354 | $348,759 | |
| TSEM | Tower Semiconductor Ltd | 8,787 | $329,688 | |
| CRI | Carters Inc | 4,525 | $328,515 | |
| NSP | Insperity, Inc. | 2,730 | $324,760 | |
| GRMN | Garmin Ltd | 2,976 | $310,367 | |
| TMDX | TransMedics Group, Inc. | 3,660 | $307,366 | |
| No positions match the current search. | ||||
51 positions ·
$1,336,389,956 total
· Consumer Defensive only
· 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 51 positions by value
· page 1 of 2
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| CCU |
United Breweries Co Inc
Consumer Defensive
|
Held | 13,250 | $166,950 | 0.01% | |
| SFM |
Sprouts Farmers Market, Inc.
Consumer Defensive
|
Added | 6,685 | $286,118 | 0.02% | |
| ABEV |
Ambev S.A.
Consumer Defensive
|
Reduced | 129,949 | $335,268 | 0.03% | |
| PSMT |
Pricesmart Inc
Consumer Defensive
|
Added | 4,793 | $356,742 | 0.03% | |
| GHC |
Graham Holdings Co
Consumer Defensive
|
Reduced | 663 | $386,529 | 0.03% | |
| LW |
Lamb Weston Holdings, Inc.
Consumer Defensive
|
Reduced | 4,446 | $411,077 | 0.03% | |
| SPB |
Spectrum Brands Holdings, Inc.
Consumer Defensive
|
Reduced | 5,611 | $439,621 | 0.03% | |
| CELH |
Celsius Holdings, Inc.
Consumer Defensive
|
Added | 7,949 | $454,682 | 0.03% | |
| LRN |
Stride, Inc.
Consumer Defensive
|
Reduced | 13,190 | $593,945 | 0.04% | |
| FIZZ |
National Beverage Corp
Consumer Defensive
|
Reduced | 13,111 | $616,479 | 0.05% | |
| MZTI |
Marzetti Co
Consumer Defensive
|
Reduced | 4,230 | $698,076 | 0.05% | |
| LOPE |
Grand Canyon Education, Inc.
Consumer Defensive
|
Reduced | 6,240 | $729,331 | 0.05% | |
| KOF |
Coca Cola Femsa Sab De CV
Consumer Defensive
|
Added | 9,594 | $752,553 | 0.06% | |
| PFGC |
Performance Food Group Co
Consumer Defensive
|
Added | 13,160 | $774,597 | 0.06% | |
| DLTR |
Dollar Tree, Inc.
Consumer Defensive
|
Reduced | 8,124 | $864,799 | 0.06% | |
| SJM |
J M SMUCKER Co
Consumer Defensive
|
Reduced | 7,869 | $967,178 | 0.07% | |
| CCEP |
COCA-COLA EUROPACIFIC PARTNERS plc
Consumer Defensive
|
NEW | 15,714 | $981,810 | 0.07% | |
| BJ |
BJ's Wholesale Club Holdings, Inc.
Consumer Defensive
|
Reduced | 14,129 | $1,008,386 | 0.08% | |
| ADM |
Archer-Daniels-Midland Co
Consumer Defensive
|
NEW | 17,719 | $1,336,366 | 0.10% | |
| FMX |
Mexican Economic Development Inc
Consumer Defensive
|
Reduced | 12,822 | $1,399,521 | 0.10% | |
| KHC |
Kraft Heinz Co
Consumer Defensive
|
Added | 44,116 | $1,484,062 | 0.11% | |
| KR |
Kroger Co
Consumer Defensive
|
NEW | 35,618 | $1,593,905 | 0.12% | |
| BUD |
Anheuser-Busch InBev SA/NV
Consumer Defensive
|
Reduced | 30,674 | $1,696,272 | 0.13% | |
| HRL |
Hormel Foods Corp /De/
Consumer Defensive
|
Reduced | 45,071 | $1,714,050 | 0.13% | |
| HSY |
Hershey Co
Consumer Defensive
|
NEW | 8,598 | $1,720,287 | 0.13% | |
| INGR |
Ingredion Inc
Consumer Defensive
|
Reduced | 20,984 | $2,064,825 | 0.15% | |
| MKC |
Mccormick & Co Inc
Consumer Defensive
|
NEW | 30,390 | $2,298,699 | 0.17% | |
| BTI |
British American Tobacco p.l.c.
Consumer Defensive
|
Reduced | 86,587 | $2,719,697 | 0.20% | |
| CAG |
Conagra Brands Inc.
Consumer Defensive
|
Added | 99,605 | $2,731,169 | 0.20% | |
| KVUE |
Kenvue Inc.
Consumer Defensive
|
NEW | 184,503 | $3,704,820 | 0.28% | |
| EL |
Estee Lauder Companies Inc
Consumer Defensive
|
NEW | 33,136 | $4,789,808 | 0.36% | |
| CHD |
Church & Dwight Co Inc /De/
Consumer Defensive
|
Reduced | 55,184 | $5,056,509 | 0.38% | |
| KDP |
Keurig Dr Pepper Inc.
Consumer Defensive
|
NEW | 162,814 | $5,140,037 | 0.38% | |
| GIS |
General Mills Inc
Consumer Defensive
|
NEW | 94,826 | $6,067,915 | 0.45% | |
| CL |
Colgate Palmolive Co
Consumer Defensive
|
NEW | 118,281 | $8,410,961 | 0.63% | |
| DEO |
Diageo PLC
Consumer Defensive
|
NEW | 71,875 | $10,722,312 | 0.80% | |
| KMB |
Kimberly Clark Corp
Consumer Defensive
|
NEW | 91,562 | $11,065,267 | 0.83% | |
| CLX |
Clorox Co /De/
Consumer Defensive
|
NEW | 90,662 | $11,882,161 | 0.89% | |
| MO |
Altria Group, Inc.
Consumer Defensive
|
Reduced | 317,871 | $13,366,475 | 1.00% | |
| MNST |
Monster Beverage Corp
Consumer Defensive
|
Reduced | 260,155 | $13,775,207 | 1.03% | |
| DG |
Dollar General Corp
Consumer Defensive
|
Added | 164,682 | $17,423,355 | 1.30% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
NEW | 355,873 | $18,971,589 | 1.42% | |
| PM |
Philip Morris International Inc.
Consumer Defensive
|
Reduced | 297,296 | $27,523,663 | 2.06% | |
| SYY |
Sysco Corp
Consumer Defensive
|
Reduced | 812,140 | $53,641,847 | 4.01% | |
| KO |
Coca Cola Co
Consumer Defensive
|
NEW | 1,043,725 | $58,427,725 | 4.37% | |
| MDLZ |
Mondelez International, Inc.
Consumer Defensive
|
NEW | 1,027,540 | $71,311,276 | 5.34% | |
| TGT |
Target Corp
Consumer Defensive
|
NEW | 711,004 | $78,615,712 | 5.88% | |
| STZ |
Constellation Brands, Inc.
Consumer Defensive
|
Reduced | 352,604 | $88,619,963 | 6.63% | |
| COST |
Costco Wholesale Corp /New
Consumer Defensive
|
Reduced | 390,646 | $220,699,364 | 16.51% | |
| PG |
PROCTER & GAMBLE Co
Consumer Defensive
|
NEW | 1,689,373 | $246,411,945 | 18.44% |