FIRST REPUBLIC INVESTMENT MANAGEMENT, INC.
CIK
1418204
Location
San Francisco, CA
Portfolio Value
Small
$264,210,846
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
+56.6%
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. | ||||
41 positions ·
$264,210,846 total
· Utilities 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 |
|---|---|---|---|---|---|---|
| NEE |
Nextera Energy Inc
Utilities
|
NEW | 1,386,490 | $79,432,012 | 30.06% | |
| ED |
Consolidated Edison Inc
Utilities
|
NEW | 462,480 | $39,555,914 | 14.97% | |
| CNP |
Centerpoint Energy Inc
Utilities
|
Reduced | 953,233 | $25,594,306 | 9.69% | |
| DUK |
Duke Energy CORP
Utilities
|
NEW | 203,729 | $17,981,121 | 6.81% | |
| EXC |
Exelon Corp
Utilities
|
NEW | 434,105 | $16,404,827 | 6.21% | |
| POR |
Portland General Electric Co /Or/
Utilities
|
Reduced | 214,314 | $8,675,430 | 3.28% | |
| SRE |
Sempra
Utilities
|
Added | 117,263 | $7,977,401 | 3.02% | |
| SO |
Southern Co
Utilities
|
Reduced | 115,536 | $7,477,489 | 2.83% | |
| AEP |
American Electric Power Co Inc
Utilities
|
NEW | 72,521 | $5,455,029 | 2.06% | |
| D |
Dominion Energy, Inc
Utilities
|
Added | 117,779 | $5,261,187 | 1.99% | |
| AWK |
American Water Works Company, Inc.
Utilities
|
NEW | 38,388 | $4,753,586 | 1.80% | |
| WEC |
Wec Energy Group, Inc.
Utilities
|
Reduced | 58,786 | $4,735,212 | 1.79% | |
| PPL |
PPL Corp
Utilities
|
Reduced | 162,459 | $3,827,534 | 1.45% | |
| NRG |
Nrg Energy, Inc.
Utilities
|
NEW | 85,006 | $3,274,431 | 1.24% | |
| ES |
Eversource Energy
Utilities
|
NEW | 49,581 | $2,883,135 | 1.09% | |
| NGG |
National Grid PLC
Utilities
|
NEW | 45,763 | $2,774,610 | 1.05% | |
| XEL |
Xcel Energy Inc
Utilities
|
Reduced | 47,781 | $2,734,028 | 1.03% | |
| CEG |
Constellation Energy Corp
Utilities
|
Reduced | 22,565 | $2,461,390 | 0.93% | |
| PCG |
PG&E Corp
Utilities
|
Added | 108,100 | $1,743,653 | 0.66% | |
| IDA |
Idacorp Inc
Utilities
|
Reduced | 18,431 | $1,726,063 | 0.65% | |
| SPH |
Suburban Propane Partners LP
Utilities
|
Added | 103,562 | $1,662,170 | 0.63% | |
| NI |
Nisource Inc.
Utilities
|
Added | 66,742 | $1,647,192 | 0.62% | |
| LNT |
Alliant Energy Corp
Utilities
|
Added | 31,226 | $1,512,899 | 0.57% | |
| ATO |
Atmos Energy Corp
Utilities
|
Reduced | 13,961 | $1,478,888 | 0.56% | |
| ETR |
Entergy Corp /De/
Utilities
|
Added | 29,202 | $1,350,592 | 0.51% | |
| PEG |
Public Service Enterprise Group Inc
Utilities
|
NEW | 23,611 | $1,343,702 | 0.51% | |
| AES |
Aes Corp
Utilities
|
Reduced | 86,006 | $1,307,291 | 0.49% | |
| MDU |
Mdu Resources Group Inc
Utilities
|
Reduced | 114,144 | $1,238,188 | 0.47% | |
| CMS |
Cms Energy Corp
Utilities
|
Reduced | 16,334 | $867,498 | 0.33% | |
| BIPH |
Brookfield Infrastructure Partners L.P.
Utilities
|
Reduced | 28,663 | $842,692 | 0.32% | |
| BEP |
Brookfield Renewable Partners L.P.
Utilities
|
Reduced | 37,739 | $820,445 | 0.31% | |
| AEE |
Ameren Corp
Utilities
|
Reduced | 10,938 | $818,490 | 0.31% | |
| XIFR |
XPLR Infrastructure, LP
Utilities
|
Reduced | 24,838 | $737,688 | 0.28% | |
| VST |
Vistra Corp.
Utilities
|
NEW | 21,479 | $712,673 | 0.27% | |
| EIX |
Edison International
Utilities
|
Reduced | 9,711 | $614,609 | 0.23% | |
| EVRG |
Evergy, Inc.
Utilities
|
Reduced | 11,062 | $560,843 | 0.21% | |
| DTE |
Dte Energy Co
Utilities
|
NEW | 5,640 | $559,939 | 0.21% | |
| NWE |
NorthWestern Energy Group, Inc.
Utilities
|
Reduced | 10,453 | $502,371 | 0.19% | |
| NWN |
Northwest Natural Holding Co
Utilities
|
Reduced | 12,048 | $459,751 | 0.17% | |
| HTO |
H2o America
Utilities
|
NEW | 4,866 | $292,495 | 0.11% | |
| AQN |
Algonquin Power & Utilities Corp.
Utilities
|
Added | 25,688 | $152,072 | 0.06% |