FIRST REPUBLIC INVESTMENT MANAGEMENT, INC.
CIK
1418204
Location
San Francisco, CA
Portfolio Value
Mid
$1,920,661,554
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. | ||||
57 positions ·
$1,920,661,554 total
· Energy 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 57 positions by value
· page 1 of 2
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| CVX |
Chevron Corp
Energy
|
NEW | 2,068,493 | $348,789,289 | 18.16% | |
| XOM |
Exxon Mobil Corp
Energy
|
NEW | 2,513,311 | $295,515,107 | 15.39% | |
| OKE |
Oneok Inc /New/
Energy
|
Added | 1,832,710 | $116,248,795 | 6.05% | |
| DVN |
Devon Energy Corp/De
Energy
|
NEW | 2,385,588 | $113,792,547 | 5.92% | |
| WMB |
Williams Companies, Inc.
Energy
|
Added | 3,269,236 | $110,140,560 | 5.73% | |
| MPC |
Marathon Petroleum Corp
Energy
|
NEW | 720,889 | $109,099,341 | 5.68% | |
| KMI |
Kinder Morgan, Inc.
Energy
|
NEW | 6,025,838 | $99,908,394 | 5.20% | |
| COP |
Conocophillips
Energy
|
NEW | 832,016 | $99,675,516 | 5.19% | |
| FANG |
Diamondback Energy, Inc.
Energy
|
Reduced | 616,556 | $95,492,193 | 4.97% | |
| EOG |
Eog Resources Inc
Energy
|
NEW | 564,814 | $71,595,822 | 3.73% | |
| ENB |
Enbridge Inc
Energy
|
NEW | 1,878,429 | $62,345,058 | 3.25% | |
| LNG |
Cheniere Energy, Inc.
Energy
|
Reduced | 368,618 | $61,175,843 | 3.19% | |
| SLB |
Slb Limited/Nv
Energy
|
NEW | 1,012,340 | $59,019,422 | 3.07% | |
| PSX |
Phillips 66
Energy
|
NEW | 366,158 | $43,993,883 | 2.29% | |
| OXY |
Occidental Petroleum Corp /De/
Energy
|
NEW | 457,226 | $29,664,822 | 1.54% | |
| CCJ |
Cameco Corp
Energy
|
Added | 670,042 | $26,560,464 | 1.38% | |
| NE |
Noble Corp plc
Energy
|
Added | 451,252 | $22,855,913 | 1.19% | |
| EPD |
Enterprise Products Partners L.P.
Energy
|
Added | 812,489 | $22,237,823 | 1.16% | |
| VLO |
Valero Energy Corp/Tx
Energy
|
Reduced | 143,511 | $20,336,943 | 1.06% | |
| PBA |
Pembina Pipeline Corp
Energy
|
Reduced | 476,774 | $14,331,826 | 0.75% | |
| RIG |
Transocean Ltd.
Energy
|
Reduced | 1,522,478 | $12,499,544 | 0.65% | |
| EQT |
EQT Corp
Energy
|
Reduced | 273,682 | $11,106,015 | 0.58% | |
| BP |
Bp PLC
Energy
|
NEW | 280,419 | $10,857,823 | 0.57% | |
| ET |
Energy Transfer LP
Energy
|
Reduced | 736,012 | $10,326,248 | 0.54% | |
| SHEL |
Shell plc
Energy
|
Added | 113,547 | $7,310,155 | 0.38% | |
| SU |
Suncor Energy Inc
Energy
|
NEW | 194,366 | $6,682,303 | 0.35% | |
| USAC |
USA Compression Partners, LP
Energy
|
Added | 224,114 | $5,347,360 | 0.28% | |
| HAL |
Halliburton Co
Energy
|
Reduced | 101,387 | $4,106,173 | 0.21% | |
| CTRA |
Coterra Energy Inc.
Energy
|
Added | 138,966 | $3,759,030 | 0.20% | |
| NXE |
NexGen Energy Ltd.
Energy
|
NEW | 570,296 | $3,404,667 | 0.18% | |
| TRGP |
Targa Resources Corp.
Energy
|
Reduced | 36,858 | $3,159,467 | 0.16% | |
| TRP |
Tc Energy Corp
Energy
|
Added | 75,178 | $2,586,874 | 0.13% | |
| PAA |
Plains All American Pipeline LP
Energy
|
Added | 144,764 | $2,217,784 | 0.12% | |
| APA |
APA Corp
Energy
|
Reduced | 47,778 | $1,963,675 | 0.10% | |
| MGY |
Magnolia Oil & Gas Corp
Energy
|
Reduced | 58,767 | $1,346,351 | 0.07% | |
| BKR |
Baker Hughes Co
Energy
|
NEW | 36,552 | $1,291,016 | 0.07% | |
| DINO |
HF Sinclair Corp
Energy
|
Added | 22,059 | $1,255,818 | 0.07% | |
| MPLX |
Mplx LP
Energy
|
Reduced | 31,514 | $1,120,952 | 0.06% | |
| WES |
Western Midstream Partners, LP
Energy
|
Reduced | 36,270 | $987,632 | 0.05% | |
| SUN |
Sunoco LP
Energy
|
Held | 18,008 | $881,491 | 0.05% | |
| MTDR |
Matador Resources Co
Energy
|
Reduced | 13,338 | $793,344 | 0.04% | |
| WDS |
Woodside Energy Group Ltd
Energy
|
NEW | 20,570 | $479,075 | 0.02% | |
| HP |
Helmerich & Payne, Inc.
Energy
|
Added | 11,176 | $471,180 | 0.02% | |
| VTOL |
Bristow Group Inc.
Energy
|
Reduced | 15,141 | $426,521 | 0.02% | |
| CNQ |
Canadian Natural Resources Ltd
Energy
|
Reduced | 13,113 | $424,008 | 0.02% | |
| CQP |
Cheniere Energy Partners, L.P.
Energy
|
Reduced | 7,384 | $400,138 | 0.02% | |
| NFG |
National Fuel Gas Co
Energy
|
Reduced | 7,143 | $370,793 | 0.02% | |
| NOG |
Northern Oil & Gas, Inc.
Energy
|
Added | 7,966 | $320,472 | 0.02% | |
| GEL |
Genesis Energy LP
Energy
|
Reduced | 28,064 | $289,620 | 0.02% | |
| DKL |
Delek Logistics Partners, LP
Energy
|
Held | 6,803 | $285,521 | 0.01% |