FIRST WILSHIRE SECURITIES MANAGEMENT INC

Registered adviser

CIK

732847

Location

PASADENA, CA

Portfolio Value

Small $485,701,514

Diversification

Diversified

Filing Date

Global Rank

#3,907 / 8,818 ▼ 107

Top Industry

Communication Equipment 12.6%

Period ended 4 months ago

Filed Aug 14, 2026 · 2mo

26 quarters · since Mar 2020

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, Oct 1, 2026

Form ADV adviser

CRD 171971

Roster of Oct 1, 2026

Regulatory AUM

$415,474,414

Main clients

Individuals and high net worth (79% of AUM)

Private funds

2 funds · Hedge funds

Focus by fund count, roster of Oct 1, 2026

$55,725,184 gross assets

Private funds on Schedule D 7.B.(1)

As filed Jul 16, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$45,748,198 gross assets in 2 funds Hedge funds $45,748,198 (2)

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 Oct 2026	$415,474,414	Individuals and high net worth (79%)
Apr 2025 to Mar 2026	$374,929,393	Individuals and high net worth (80%)
Apr 2024 to Mar 2025	$328,779,338	Individuals and high net worth (79%)
May 2023 to Mar 2024	$307,358,589	Individuals and high net worth (79%)
Apr 2023	$307,358,589	Individuals and high net worth (79%)
Apr 2022 to Mar 2023	$359,077,070	Individuals and high net worth (81%)

3 earlier changes not shown.

Stated strategy

Fundamental active Form ADV Part 2A, May 5, 2026 · original

In the firm's words

Fundamental active: We primarily use fundamental analysis to determine which companies to purchase and sell.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 59.8%, 13.2 effective positions, active share 91.6% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

39.6% over the last four quarters (30% to under 100%)

Horizon

Long horizon

Value-weighted holding period 15.9 quarters (12+), a floor since 28.3% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 91.6%; sector active share 28.1% against the combined 13F book's sector weights.

Over time 26 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 backtest

Portfolio Concentration

82 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

23.1%

+7.4 pts

Top 5

44.1%

+4.6 pts

Top 10

59.8%

+2.2 pts

HHI

757

Diversified+228

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	26.8%	$129,944,274	15
Technology	16.9%	$82,122,899	11
Basic Materials	14.2%	$69,073,622	5
Financial Services	11.2%	$54,431,487	13
Industrials	9.4%	$45,578,164	11
Communication Services	7.9%	$38,388,127	5
Energy	4.9%	$23,627,586	6
Consumer Cyclical	3.4%	$16,587,505	4
Consumer Defensive	2.9%	$14,207,818	4
Healthcare	1.4%	$6,852,547	6
Utilities	0.9%	$4,484,030	1
Real Estate	0.1%	$403,455	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

11 positions

Ticker	Company	Δ Shares	Shares	Value
SIGA	Siga Technologies Inc	+449,385	1,339,883	$4,877,174
SGOV	iShares 0-3 Month Treasury Bond ETF	+421,797	1,087,949	$109,523,825
CRD-A	Crawford & Co	+139,232	486,827	$5,486,540
CHKP	Check Point Software Technologies Ltd	+116,516	122,438	$16,092,026
LMNR	Limoneira CO	+8,477	586,536	$7,701,217
—		+6,839	114,229	$10,467,945
CRD-B	Crawford & Co	+2,064	147,094	$1,534,190
PFE	Pfizer Inc	+400	8,487	$204,366
QQQM	Invesco Ltd.	+250	1,370	$415,068
SHV	iShares 0-1 Year Treasury Bond ETF	+75	8,357	$922,194
BABA	Alibaba Group Holding Ltd	+18	3,866	$371,058
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
HUN	Huntsman CORP	−321,883	696,338	$7,395,109
ROCK	Gibraltar Industries, Inc.	−231,150	268,773	$12,121,662
GILT	Gilat Satellite Networks Ltd	−143,211	462,978	$6,162,237
EZPW	Ezcorp Inc	−109,124	631,647	$21,836,036
LBTYA	Liberty Global Ltd.	−81,181	2,260,238	$25,698,906
CAMT	Camtek Ltd	−66,764	24,885	$4,059,241
CRNT	Ceragon Networks Ltd	−43,071	4,811,079	$12,460,694
SILC	Silicom Ltd.	−31,355	284,287	$13,628,718
RELL	Richardson Electronics, Ltd.	−29,642	642,356	$12,211,187
NWPX	NWPX Infrastructure, Inc.	−26,168	151,077	$22,652,485
ECVT	Ecovyst Inc.	−25,546	2,171,238	$27,031,913
SD	Sandridge Energy Inc	−14,761	1,393,102	$19,085,497
ORN	Orion Group Holdings Inc	−9,329	518,879	$8,727,544
ANDE	Andersons, Inc.	−8,964	87,295	$5,970,978
PCYO	Pure Cycle Corp	−8,010	418,677	$4,484,030
AVNW	Aviat Networks, Inc.	−6,216	523,317	$11,617,637
LXFR	Luxfer Holdings PLC	−5,739	336,435	$6,069,287
MTRX	Matrix Service Co	−5,717	517,121	$7,084,557
MLR	Miller Industries Inc	−3,124	295,912	$15,135,898
RBBN	Ribbon Communications Inc.	−2,685	1,404,493	$3,286,513
SIRI	Sirius Xm Holdings Inc.	−2,583	47,198	$1,394,228
IMAX	Imax Corp	−1,906	148,386	$5,914,665
LBTYK	Liberty Global Ltd.	−1,793	434,963	$4,784,593
TPC	Tutor Perini Corp	−997	99,788	$8,279,410
IOSP	Innospec Inc.	−960	147,112	$11,973,445
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
ZTS	Zoetis Inc.	5,275	$379,061
LSTR	Landstar System Inc	1,100	$227,491
AAPL	Apple Inc.	770	$222,807
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
—		446,482	$20,864,104
MX	MAGNACHIP SEMICONDUCTOR Corp	743,953	$2,083,068
STZ	Constellation Brands, Inc.	2,260	$339,000
MRK	Merck & Co., Inc.	1,853	$222,897
INTC	Intel Corp	5,000	$220,650
PFXF	VanEck Preferred Securities ex Financials ETF	10,059	$176,434
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

82 tracked positions · $485,701,514 total · filing declares 82 positions · $485,701,685 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 82 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
SGOV	iShares 0-3 Month Treasury Bond ETF	Added	1,087,949	+421,797	$109,523,825	+63.3%	12	unpriced	22.55%
ECVT	Ecovyst Inc. Basic Materials	Reduced	2,171,238	-25,546	$27,031,913	−4.3%	15	$8.49	5.57%
LBTYA	Liberty Global Ltd. Communication Services	Reduced	2,260,238	-81,181	$25,698,906	−9.2%	11	$8.54	5.29%
NWPX	NWPX Infrastructure, Inc. Basic Materials	Reduced	151,077	-26,168	$22,652,485	+64.1%	26+	before history	4.66%
EZPW	Ezcorp Inc Financial Services	Reduced	631,647	-109,124	$21,836,036	+16.1%	26+	before history	4.50%
SD	Sandridge Energy Inc Energy	Reduced	1,393,102	-14,761	$19,085,497	−16.9%	15	$14.70	3.93%
CHKP	Check Point Software Technologies Ltd Technology	Added	122,438	+116,516	$16,092,026	+1802.2%	21	$130.14	3.31%
MLR	Miller Industries Inc Consumer Cyclical	Reduced	295,912	-3,124	$15,135,898	+11.1%	4	$39.22	3.12%
SILC	Silicom Ltd. Technology	Reduced	284,287	-31,355	$13,628,718	+104.6%	26+	before history	2.81%
CRNT	Ceragon Networks Ltd Technology	Reduced	4,811,079	-43,071	$12,460,694	+18.8%	17	$2.29	2.57%
RELL	Richardson Electronics, Ltd. Technology	Reduced	642,356	-29,642	$12,211,187	+65.9%	26+	before history	2.51%
ROCK	Gibraltar Industries, Inc. Industrials	Reduced	268,773	-231,150	$12,121,662	−39.2%	4	$51.99	2.50%
IOSP	Innospec Inc. Basic Materials	Reduced	147,112	-960	$11,973,445	+10.7%	3	$76.26	2.47%
AVNW	Aviat Networks, Inc. Technology	Reduced	523,317	-6,216	$11,617,637	−3.0%	7	$18.79	2.39%
		Added	114,229	+6,839	$10,467,945	+6.4%	14	$91.58	2.16%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	18,217	-84	$9,115,604	+3.9%	26+	before history	1.88%
ORN	Orion Group Holdings Inc Industrials	Reduced	518,879	-9,329	$8,727,544	+51.6%	5	$7.49	1.80%
TPC	Tutor Perini Corp Industrials	Reduced	99,788	-997	$8,279,410	+6.4%	26+	before history	1.70%
LMNR	Limoneira CO Consumer Defensive	Added	586,536	+8,477	$7,701,217	−0.7%	26+	before history	1.59%
HUN	Huntsman CORP Basic Materials	Reduced	696,338	-321,883	$7,395,109	−45.4%	5	$11.55	1.52%
MTRX	Matrix Service Co Industrials	Reduced	517,121	-5,717	$7,084,557	+18.0%	17	$5.26	1.46%
GILT	Gilat Satellite Networks Ltd Technology	Reduced	462,978	-143,211	$6,162,237	−32.3%	13	$5.69	1.27%
LXFR	Luxfer Holdings PLC Industrials	Reduced	336,435	-5,739	$6,069,287	+45.6%	17	$15.75	1.25%
ANDE	Andersons, Inc. Consumer Defensive	Reduced	87,295	-8,964	$5,970,978	−13.6%	26+	before history	1.23%
EWBC	East West Bancorp Inc Financial Services	Reduced	46,092	-494	$5,950,016	+19.6%	26+	before history	1.23%
IMAX	Imax Corp Communication Services	Reduced	148,386	-1,906	$5,914,665	+3.5%	9	$16.92	1.22%
CRD-A	Crawford & Co Financial Services	Added	486,827	+139,232	$5,486,540	+58.3%	26+	before history	1.13%
AGM	Federal Agricultural Mortgage Corp Financial Services	Reduced	26,820	-256	$5,344,421	+33.1%	26+	before history	1.10%
SIGA	Siga Technologies Inc Healthcare	Added	1,339,883	+449,385	$4,877,174	+2.4%	17	$5.50	1.00%
LBTYK	Liberty Global Ltd. Communication Services	Reduced	434,963	-1,793	$4,784,593	−6.6%	11	unpriced	0.99%
PCYO	Pure Cycle Corp Utilities	Reduced	418,677	-8,010	$4,484,030	+4.5%	5	$10.84	0.92%
CAMT	Camtek Ltd Technology	Reduced	24,885	-66,764	$4,059,241	−70.8%	26+	before history	0.84%
RBBN	Ribbon Communications Inc. Technology	Reduced	1,404,493	-2,685	$3,286,513	+10.2%	19	$4.06	0.68%
JEF	Jefferies Financial Group Inc. Financial Services	Reduced	51,869	-959	$2,592,412	+18.9%	26+	before history	0.53%
VTS	Vitesse Energy, Inc. Energy	Reduced	130,722	-957	$2,061,485	−13.8%	14	$21.29	0.42%
CRD-B	Crawford & Co Financial Services	Added	147,094	+2,064	$1,534,190	+4.3%	26+	before history	0.32%
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	Held	7,900	0	$1,505,108	+43.4%	26+	before history	0.31%
MSFT	Microsoft Corp Technology	Held	4,000	0	$1,492,080	+0.8%	26+	before history	0.31%
SIRI	Sirius Xm Holdings Inc. Communication Services	Reduced	47,198	-2,583	$1,394,228	+21.3%	8	unpriced	0.29%
XLY	State Street(R) Consumer Discretionary Select Sector SPDR(R) ETF	Held	11,596	0	$1,359,978	+7.6%	26+	before history	0.28%
SCHD	Schwab U.S. Dividend Equity ETF	Held	42,375	0	$1,343,711	+3.4%	24	unpriced	0.28%
MPC	Marathon Petroleum Corp Energy	Held	4,786	0	$1,223,636	+4.7%	22	$50.51	0.25%
GE	General Electric Co Industrials	Reduced	2,937	-185	$1,097,645	+23.9%	20	unpriced	0.23%
VOO	VANGUARD 500 INDEX FUND	Held	1,533	0	$1,052,879	+14.9%	26+	before history	0.22%
SHV	iShares 0-1 Year Treasury Bond ETF	Added	8,357	+75	$922,194	+0.9%	12	unpriced	0.19%
VHT	VANGUARD HEALTH CARE INDEX FUND	Held	3,050	0	$911,980	—	26+	before history	0.19%
CSCO	Cisco Systems, Inc. Technology	Reduced	7,575	-100	$889,759	+49.4%	26+	before history	0.18%
SHEL	Shell plc Energy	Held	9,630	0	$746,710	−16.6%	18	$52.47	0.15%
XLF	State Street Corp Financial Services	Held	11,950	0	$640,639	+8.6%	26+	before history	0.13%
BAC	Bank Of America Corp Financial Services	Reduced	10,916	-46	$621,993	+16.4%	26+	before history	0.13%

Showing the top 50 of 82 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

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.