FIRST WILSHIRE SECURITIES MANAGEMENT INC

CIK 0000732847 · Q1 2026

13F Equity AUM

$443.9M

+11.7% QoQ

Positions

-2 QoQ

AUM Rank

#4,640

Top 37%

Skill Alpha (FF)

-2.8%/yr^ns

No Clear Edge

Rank #6,103 · Top 74%

vs S&P -6.9%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 37.7%Top 10: 55.8%Top 20: 77.7%

SGOV15.1%

LBTYK6.4%

ECVT6.4%

SA2D5.2%

TPH4.7%

ROCK4.5%

EZPW4.2%

CAMT3.1%

NWPX3.1%

MLR3.1%

Others (75)44.2%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services28.6%

Technology14.6%

Industrials13.4%

Basic Materials11.9%

Communication Services9.9%

Consumer Cyclical8.1%

Energy6.3%

Consumer Defensive3.5%

Other3.8%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 85Median: 0.24%Avg: 1.18%

0–0.5%

51(7.2%)

0.5–1%

6(4.8%)

1–3%

17(29.2%)

3–5%

7(25.8%)

5%+

4(33.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 83Unique: 2vs 20 funds

1.1%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

1.5%

BlackRock, Inc.

1.8%

BANK OF AMERICA CORP /DE/

1.5%

JPMORGAN CHASE & CO

1.4%

STATE STREET CORP

1.9%

GEODE CAPITAL MANAGEMENT, LLC

1.8%

VANGUARD CAPITAL MANAGEMENT LLC

1.7%

FMR LLC

VANGUARD PORTFOLIO MANAGEMENT LLC

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New2Increased31Decreased21Exited4

New Positions

INTC0.1%

+5K

IJT0.1%

+1K

Increased

CRNT2.4%

+740K(+18%)

ROCK4.5%

+371K(+288%)

LMNR1.8%

+318K(+122%)

SGOV15.1%

+282K(+73%)

SIGA1.1%

+206K(+30%)

RBBN0.7%

+140K(+11%)

RELL1.7%

+82K(+14%)

PCYO1.0%

+56K(+15%)

IOSP2.4%

+47K(+47%)

LBTYK6.4%

+34K(+1%)

Decreased

EZPW4.2%

-998,230(-57%)

GILT2.0%

-328,518(-35%)

NWPX3.1%

-117,906(-40%)

MTRX1.4%

-90,179(-15%)

VTS0.5%

-88,273(-40%)

CAMT3.1%

-12,711(-12%)

TPC1.8%

-12,333(-11%)

ORN1.3%

-2,359(-0%)

CRD/A0.8%

-1,836(-1%)

SCHD0.3%

-1,500(-3%)

Exited

-1,010,693

-113,677

-860

-2,486

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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