First Citizens Asset Management, Inc.
Registered adviserCIK
1964116
Location
RALEIGH, NC
Portfolio Value
Small
$141,883,953
Diversification
Highly concentrated
Filing Date
Global Rank
#5,135
/ 8,827
▼ 38
· as of Jun 2026
Period ended 38 days ago
Filed Nov 6, 2026 · 1d
17 quarters · since Sep 2022
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Holder type
Registered adviser
Form ADV roster, Nov 1, 2026
Regulatory AUM
$465,065,299
Main clients
Individuals and high net worth
(82% of AUM)
Form ADV history
Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Apr 2026 to Nov 2026 | $465,065,299 | Individuals and high net worth (82%) |
| Apr 2025 to Mar 2026 | $167,013,742 | Governments and sovereign funds (58%) |
| Apr 2024 to Mar 2025 | $522,986,899 | Individuals and high net worth (90%) |
| May 2023 to Mar 2024 | $273,656,161 | Individuals and high net worth (94%) |
| Apr 2023 | $273,656,161 | Individuals and high net worth (94%) |
| Apr 2022 to Mar 2023 | $105,832,923 | Individuals and high net worth (97%) |
3 earlier changes not shown.
Stated strategy
Index / passive, Quantitative / systematic, Fundamental active, Value, Growth, Income, Fixed income / rates, Multi-asset, Wealth management / planning
Form ADV Part 2A, Apr 14, 2026
· original
In the firm's words
- Index / passive:
While some of the exchange-traded products in the ETF Model Portfolios may be actively managed, they will primarily be passively managed (indexed) in nature.
- Quantitative / systematic:
FCAM uses fundamental, quantitative, and technical analysis in evaluating securities.
- Fundamental active:
FCAM uses fundamental, quantitative, and technical analysis in evaluating securities.
- Value:
We use various financial databases to screen publicly traded companies to identify a smaller universe of candidates that meet our criteria for growth, value, quality, and income (dividends).
- Growth:
We use various financial databases to screen publicly traded companies to identify a smaller universe of candidates that meet our criteria for growth, value, quality, and income (dividends).
- Income:
FCAM’s Model Portfolios have three different broad investment implementation frameworks: 1) global multi-asset class models using funds and exchange-traded products (“Funds”), 2) global multi-asset class models using exchange-traded products only (“ETF”), and 3) income-oriented models using funds and exchange-traded products (“Income-Oriented”).
- Fixed income / rates:
Our investment selection process for fixed-income securities is based on the specific client’s/strategy’s goal for liquidity, our portfolio manager’s outlook, and our view of the environments for interest rates and corporate and/or municipal credit.
- Multi-asset:
The Model Portfolios use dynamic asset allocation strategies paired with manager research to create and provide global multi-asset class models suitable for a range of risk profiles and investment objectives.
- Wealth management / planning:
When requested FCAM will provide a financial plan to clients.
Stated strategy
Index / passive, Quantitative / systematic, Fundamental active, Value, Growth, Income, Fixed income / rates, Multi-asset, Wealth management / planning
Form ADV Part 2A, Mar 31, 2026
· original
In the firm's words
- Index / passive:
While some of the exchange-traded products in the ETF Model Portfolios may be actively managed, they will primarily be passively managed (indexed) in nature.
- Quantitative / systematic:
FCAM uses fundamental, quantitative, and technical analysis in evaluating securities.
- Fundamental active:
Fundamental analysis involves looking at economic, financial, and other qualitative and quantitative factors to measure a security’s value.
- Value:
We use various financial databases to screen publicly traded companies to identify a smaller universe of candidates that meet our criteria for growth, value, quality, and income (dividends).
- Growth:
We use various financial databases to screen publicly traded companies to identify a smaller universe of candidates that meet our criteria for growth, value, quality, and income (dividends).
- Income:
FCAM’s Model Portfolios have three different broad investment implementation frameworks: 1) global multi-asset class models using funds and exchange-traded products (“Funds”), 2) global multi-asset class models using exchange-traded products only (“ETF”), and 3) income-oriented models using funds and exchange-traded products (“Income-Oriented”).
- Fixed income / rates:
Our investment selection process for fixed-income securities is based on the specific client’s/strategy’s goal for liquidity, our portfolio manager’s outlook, and our view of the environments for interest rates and corporate and/or municipal credit.
- Multi-asset:
The Model Portfolios use dynamic asset allocation strategies paired with manager research to create and provide global multi-asset class models suitable for a range of risk profiles and investment objectives.
- Wealth management / planning:
When requested FCAM will provide a financial plan to clients.
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.
Style
Concentrated
The top 10 positions are 99.8% of the book (60%+)
Turnover
Low turnover
17.6% over the last four quarters (under 30%)
Horizon
Long horizon
Value-weighted holding period 13.8 quarters (12+)
Closest benchmark: every 13F filer's combined book, active share 94.4%; sector active share 86.9% against the combined 13F book's sector weights.
Over time 16 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 backtestPortfolio Concentration
32 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026Top Position
64.8%
+32.1 pts
Top 5
98.2%
+1.2 pts
Top 10
99.9%
+0.1 pts
HHI
4,845
Highly concentrated+2,305
Portfolio Trend
17 quarters · across all stocks
Sector Breakdown
As of Sep 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Unclassified | 100.0% | $141,883,953 |
| Financial Services | 0.0% | $0 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
15 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| VCRB | VANGUARD CORE BOND ETF | +16,920 | 481,580 | $35,453,919 | |
| — | +16,042 | 566,683 | $0 | ||
| IEMG | iShares Trust | +5,800 | 117,376 | $0 | |
| AGG | iShares Core U.S. Aggregate Bond ETF | +5,176 | 317,978 | $30,061,640 | |
| IEFA | iShares Core MSCI EAFE ETF | +4,902 | 217,063 | $21,029,063 | |
| DFIS | Dimensional International Small Cap ETF | +2,940 | 101,309 | $3,670,425 | |
| IWS | iShares Russell Mid-Cap Value ETF | +2,431 | 167,604 | $26,940,666 | |
| MBB | iShares MBS ETF | +1,436 | 6,238 | $559,049 | |
| FALN | iShares Fallen Angels USD Bond ETF | +462 | 24,729 | $641,222 | |
| EBND | State Street(R) SPDR(R) Bloomberg Emerging Markets Local Bond ETF | +421 | 15,154 | $312,172 | |
| VNQI | VANGUARD GLOBAL EX-U.S. REAL ESTATE INDEX FUND | +327 | 5,170 | $219,828 | |
| HYDB | iShares High Yield Systematic Bond ETF | +151 | 14,598 | $656,326 | |
| TOLZ | ProShares DJ Brookfield Global Infrastructure ETF | +111 | 3,898 | $212,246 | |
| VNQ | VANGUARD REAL ESTATE INDEX FUND | +56 | 2,301 | $206,238 | |
| VYMI | VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD INDEX FUND | +13 | 15,883 | $1,606,247 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
14 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| VTWO | VANGUARD RUSSELL 2000 INDEX FUND | −21,830 | 49,294 | $5,532,758 | |
| — | −13,572 | 71,640 | $0 | ||
| — | −7,535 | 288,689 | $0 | ||
| AVUV | Avantis U.S. Small Cap Value ETF | −3,189 | 12,474 | $1,469,062 | |
| BKLN | Invesco Ltd. | −2,487 | 28,747 | $0 | |
| MUB | iShares National Muni Bond ETF | −1,245 | 60,954 | $6,162,449 | |
| IEF | iShares 7-10 Year Treasury Bond ETF | −942 | 8,045 | $718,498 | |
| IJJ | iShares S&P Mid-Cap 400 Value ETF | −935 | 3,216 | $442,875 | |
| SCZ | iShares MSCI EAFE Small-Cap ETF | −599 | 30,275 | $2,555,815 | |
| VYM | VANGUARD HIGH DIVIDEND YIELD INDEX FUND | −300 | 5,711 | $886,347 | |
| VTWG | VANGUARD RUSSELL 2000 GROWTH INDEX FUND | −276 | 987 | $257,192 | |
| IWD | iShares Russell 1000 Value ETF | −68 | 2,403 | $595,775 | |
| EFV | iShares MSCI EAFE Value ETF | −52 | 4,959 | $392,455 | |
| ACWI | iShares MSCI ACWI ETF | −33 | 2,916 | $462,973 | |
| No positions match the current search. | |||||
Sold Out
Positions the filer fully exited
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| IJT | iShares S&P Small-Cap 600 Growth ETF | 1,196 | $213,605 | |
| No positions match the current search. | ||||
32 tracked positions ·
$141,883,953 total
· filing declares
32 positions · $309,066,810
· as of Sep 30, 2026
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| VCRB |
VANGUARD CORE BOND ETF
|
Added | 481,580 | $35,453,919 | 24.99% | |
| AGG |
iShares Core U.S. Aggregate Bond ETF
|
Added | 317,978 | $30,061,640 | 21.19% | |
| IWS |
iShares Russell Mid-Cap Value ETF
|
Added | 167,604 | $26,940,666 | 18.99% | |
| IEFA |
iShares Core MSCI EAFE ETF
|
Added | 217,063 | $21,029,063 | 14.82% | |
| MUB |
iShares National Muni Bond ETF
|
Reduced | 60,954 | $6,162,449 | 4.34% | |
| VTWO |
VANGUARD RUSSELL 2000 INDEX FUND
|
Reduced | 49,294 | $5,532,758 | 3.90% | |
| DFIS |
Dimensional International Small Cap ETF
|
Added | 101,309 | $3,670,425 | 2.59% | |
| SCZ |
iShares MSCI EAFE Small-Cap ETF
|
Reduced | 30,275 | $2,555,815 | 1.80% | |
| VYMI |
VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD INDEX FUND
|
Added | 15,883 | $1,606,247 | 1.13% | |
| AVUV |
Avantis U.S. Small Cap Value ETF
|
Reduced | 12,474 | $1,469,062 | 1.04% | |
| VYM |
VANGUARD HIGH DIVIDEND YIELD INDEX FUND
|
Reduced | 5,711 | $886,347 | 0.62% | |
| IEF |
iShares 7-10 Year Treasury Bond ETF
|
Reduced | 8,045 | $718,498 | 0.51% | |
| HYDB |
iShares High Yield Systematic Bond ETF
|
Added | 14,598 | $656,326 | 0.46% | |
| FALN |
iShares Fallen Angels USD Bond ETF
|
Added | 24,729 | $641,222 | 0.45% | |
| IWD |
iShares Russell 1000 Value ETF
|
Reduced | 2,403 | $595,775 | 0.42% | |
| MBB |
iShares MBS ETF
|
Added | 6,238 | $559,049 | 0.39% | |
| ACWI |
iShares MSCI ACWI ETF
|
Reduced | 2,916 | $462,973 | 0.33% | |
| IJJ |
iShares S&P Mid-Cap 400 Value ETF
|
Reduced | 3,216 | $442,875 | 0.31% | |
| EFV |
iShares MSCI EAFE Value ETF
|
Reduced | 4,959 | $392,455 | 0.28% | |
| IWB |
iShares Russell 1000 ETF
|
NEW | 933 | $388,249 | 0.27% | |
| EBND |
State Street(R) SPDR(R) Bloomberg Emerging Markets Local Bond ETF
|
Added | 15,154 | $312,172 | 0.22% | |
| IWF |
iShares Russell 1000 Growth ETF
|
NEW | 2,175 | $272,440 | 0.19% | |
| VTWG |
VANGUARD RUSSELL 2000 GROWTH INDEX FUND
|
Reduced | 987 | $257,192 | 0.18% | |
| VNQI |
VANGUARD GLOBAL EX-U.S. REAL ESTATE INDEX FUND
|
Added | 5,170 | $219,828 | 0.15% | |
| TOLZ |
ProShares DJ Brookfield Global Infrastructure ETF
|
Added | 3,898 | $212,246 | 0.15% | |
| VNQ |
VANGUARD REAL ESTATE INDEX FUND
|
Added | 2,301 | $206,238 | 0.15% | |
| PFFD |
Global X U.S. Preferred ETF
|
NEW | 10,115 | $178,024 | 0.13% | |
|
|
Reduced | 71,640 | $0 | 0.00% | ||
|
|
Reduced | 288,689 | $0 | 0.00% | ||
| BKLN |
Invesco Ltd.
Financial Services
|
Reduced | 28,747 | $0 | 0.00% | |
|
|
Added | 566,683 | $0 | 0.00% | ||
| IEMG |
iShares Trust
|
Added | 117,376 | $0 | 0.00% |
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.