FIRST REPUBLIC INVESTMENT MANAGEMENT, INC.
CIK
1418204
Location
San Francisco, CA
Portfolio Value
Mid
$1,152,423,530
Diversification
Diversified
Filing Date
Global Rank
#175
/ 6,896
▲ 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
+56.4%
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. | ||||
45 positions ·
$1,152,423,530 total
· Communication Services 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
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| GOOGL |
Alphabet Inc.
Communication Services
|
NEW | 4,848,423 | $634,464,633 | 55.05% | |
| META |
Meta Platforms, Inc.
Communication Services
|
NEW | 665,709 | $199,852,498 | 17.34% | |
| DIS |
Walt Disney Co
Communication Services
|
NEW | 1,584,532 | $128,426,318 | 11.14% | |
| VZ |
Verizon Communications Inc
Communication Services
|
NEW | 2,155,746 | $69,867,727 | 6.06% | |
| CMCSA |
Comcast Corp
Communication Services
|
NEW | 1,114,657 | $46,320,463 | 4.02% | |
| T |
At&T Inc.
Communication Services
|
NEW | 731,584 | $10,988,391 | 0.95% | |
| NFLX |
Netflix Inc
Communication Services
|
NEW | 208,689 | $7,880,096 | 0.68% | |
| PINS |
Pinterest, Inc.
Communication Services
|
Reduced | 249,750 | $6,750,742 | 0.59% | |
| SNAP |
Snap Inc
Communication Services
|
Added | 742,697 | $6,617,430 | 0.57% | |
| TMUS |
T-Mobile US, Inc.
Communication Services
|
NEW | 35,375 | $4,954,268 | 0.43% | |
| OMC |
Omnicom Group Inc.
Communication Services
|
NEW | 57,282 | $4,266,363 | 0.37% | |
| WMG |
Warner Music Group Corp.
Communication Services
|
Held | 125,093 | $3,927,920 | 0.34% | |
| EA |
Electronic Arts Inc.
Communication Services
|
NEW | 31,705 | $3,817,282 | 0.33% | |
| BCE |
Bce Inc
Communication Services
|
Reduced | 97,138 | $3,707,757 | 0.32% | |
| CHTR |
Charter Communications, Inc. /Mo/
Communication Services
|
Reduced | 4,739 | $2,084,306 | 0.18% | |
| SPOT |
Spotify Technology S.A.
Communication Services
|
NEW | 9,184 | $1,420,213 | 0.12% | |
| LYV |
Live Nation Entertainment, Inc.
Communication Services
|
Added | 13,179 | $1,094,384 | 0.09% | |
| TTD |
Trade Desk, Inc.
Communication Services
|
Reduced | 13,947 | $1,089,958 | 0.09% | |
| TTWO |
Take Two Interactive Software Inc
Communication Services
|
Reduced | 7,697 | $1,080,581 | 0.09% | |
| CABO |
Cable One, Inc.
Communication Services
|
Added | 1,754 | $1,079,832 | 0.09% | |
| APP |
AppLovin Corp
Communication Services
|
NEW | 25,927 | $1,036,042 | 0.09% | |
| WBD |
Warner Bros. Discovery, Inc.
Communication Services
|
NEW | 92,877 | $1,008,644 | 0.09% | |
| ROKU |
Roku, Inc
Communication Services
|
NEW | 13,930 | $983,318 | 0.09% | |
| RBLX |
Roblox Corp
Communication Services
|
Reduced | 32,101 | $929,644 | 0.08% | |
| VOD |
Vodafone Group Public Ltd Co
Communication Services
|
NEW | 85,338 | $809,004 | 0.07% | |
| ZG |
Zillow Group, Inc.
Communication Services
|
Added | 14,875 | $666,251 | 0.06% | |
| BIDU |
Baidu, Inc.
Communication Services
|
NEW | 4,777 | $641,789 | 0.06% | |
| FVRR |
Fiverr International Ltd.
Communication Services
|
Reduced | 25,319 | $619,555 | 0.05% | |
| MSGE |
Madison Square Garden Entertainment Corp.
Communication Services
|
Added | 17,864 | $587,904 | 0.05% | |
| TU |
Telus Corp
Communication Services
|
Held | 34,715 | $567,243 | 0.05% | |
| FOXA |
Fox Corp
Communication Services
|
Added | 17,679 | $551,584 | 0.05% | |
| AMX |
America Movil Sab De Cv/
Communication Services
|
Added | 30,723 | $532,122 | 0.05% | |
| TKO |
TKO Group Holdings, Inc.
Communication Services
|
NEW | 5,958 | $500,829 | 0.04% | |
| TLK |
Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk
Communication Services
|
Reduced | 19,177 | $462,165 | 0.04% | |
| BMBL |
Bumble Inc.
Communication Services
|
NEW | 30,065 | $448,569 | 0.04% | |
| FWONA |
Liberty Media Corp
Communication Services
|
NEW | 7,614 | $430,495 | 0.04% | |
| ZD |
Ziff Davis, Inc.
Communication Services
|
Reduced | 6,685 | $425,767 | 0.04% | |
| NTES |
NetEase, Inc.
Communication Services
|
NEW | 3,215 | $322,014 | 0.03% | |
| DV |
DoubleVerify Holdings, Inc.
Communication Services
|
Reduced | 10,464 | $292,468 | 0.03% | |
| SPHR |
Sphere Entertainment Co.
Communication Services
|
Reduced | 6,369 | $236,672 | 0.02% | |
| CCOI |
Cogent Communications Holdings, Inc.
Communication Services
|
Reduced | 3,646 | $225,687 | 0.02% | |
| OPTU |
Optimum Communications, Inc.
Communication Services
|
Added | 60,000 | $196,200 | 0.02% | |
| KVHI |
Kvh Industries Inc \De\
Communication Services
|
Reduced | 36,679 | $187,062 | 0.02% | |
| DIBS |
1stdibs.com, Inc.
Communication Services
|
Held | 19,599 | $71,340 | 0.01% | |
| NBIS |
Nebius Group N.V.
Communication Services
|
Reduced | 9,274 | $0 | 0.00% |