FIRST FOUNDATION ADVISORS

CIK 0001086763 · Q1 2026

13F Equity AUM

$2.5B

-6.4% QoQ

Positions

334

-3 QoQ

AUM Rank

#1,580

Top 13%

Skill Alpha (FF)

-0.8%/yr^ns

No Clear Edge

Rank #3,457 · Top 42%

vs S&P -3.4%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 34.7%Top 10: 47.4%Top 20: 62.9%

MSFT14.9%

IVV7.8%

GOOG4.4%

IEFA4.0%

JEPI3.6%

MOAT2.9%

AAPL2.9%

AMZN2.4%

GSLC2.3%

IEMG2.2%

Others (324)52.6%

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

Position Sizing

Positions: 334Median: 0.05%Avg: 0.30%

0–0.5%

298(26.7%)

0.5–1%

16(10.4%)

1–3%

15(28.2%)

3–5%

3(12.0%)

5%+

2(22.7%)

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

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Portfolio Overlap

Shared: 333Unique: 1vs 20 funds

4.6%Low

334

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

6.2%

BANK OF AMERICA CORP /DE/

6.9%

6.2%

9.3%

6.5%

5.7%

VANGUARD CAPITAL MANAGEMENT LLC

5.2%

GEODE CAPITAL MANAGEMENT, LLC

5.1%

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

New18Increased139Decreased119Exited21

New Positions

CSRE0.2%

+206K

BR0.1%

+24K

AZN0.1%

+17K

UHAL/B0.1%

+29K

VV0.0%

+2K

XLE0.0%

+6K

BETA0.0%

+36K

HODL0.0%

+22K

ADI0.0%

+726

MMM0.0%

+2K

Increased

IEMG2.2%

+125K(+19%)

CMDY0.3%

+121K(+953%)

JEPI3.6%

+65K(+4%)

DGRO0.4%

+56K(+71%)

IEFA4.0%

+53K(+5%)

PWZ0.4%

+50K(+15%)

IJR0.3%

+44K(+552%)

IWR2.2%

+36K(+7%)

GEM0.7%

+35K(+9%)

GSSC1.6%

+27K(+5%)

Decreased

TLF0.0%

-225,148(-50%)

SRLN0.2%

-200,913(-61%)

UPS0.1%

-139,652(-79%)

SU0.3%

-138,457(-55%)

JPRE0.6%

-114,016(-28%)

PLD0.1%

-41,072(-62%)

PHG0.1%

-18,050(-29%)

MOAT2.9%

-17,115(-2%)

PRFZ1.4%

-16,599(-2%)

CHV0.2%

-16,553(-36%)

Exited

-123,927

-3,184

-6,250

-8,383

-2,366

-10,729

-3,709

-5,025

-6,830

-2,332

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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