FIRST CITIZENS BANK & TRUST CO

CIK 0001092203 · Q1 2026

13F Equity AUM

$4.7B

-0.9% QoQ

Positions

634

-3 QoQ

AUM Rank

#1,052

Top 9%

Skill Alpha (FF)

-0.5%/yr^ns

No Clear Edge

Rank #2,933 · Top 36%

vs S&P -3.9%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 31.7%Top 10: 45.6%Top 20: 58.9%

IWX11.6%

IWS8.2%

IWP4.1%

AGG3.9%

IEFA3.9%

AAPL3.4%

FCNCA3.0%

IWY2.6%

NVDA2.6%

DFIS2.3%

Others (624)54.4%

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

Sector Allocation

Financial Services61.3%

Technology13.7%

Healthcare3.9%

Industrials3.9%

Communication Services3.6%

Consumer Cyclical3.4%

Consumer Defensive2.8%

Energy2.5%

Other4.8%

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

Position Sizing

Positions: 634Median: 0.02%Avg: 0.16%

0–0.5%

601(33.1%)

0.5–1%

18(12.6%)

1–3%

8(16.2%)

3–5%

5(18.4%)

5%+

2(19.8%)

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

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Portfolio Overlap

Shared: 634Unique: 0vs 20 funds

8.7%Low

634

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

12%

BANK OF AMERICA CORP /DE/

13.3%

12.8%

14.9%

19.6%

15.1%

VANGUARD CAPITAL MANAGEMENT LLC

14.4%

GEODE CAPITAL MANAGEMENT, LLC

14%

VANGUARD PORTFOLIO MANAGEMENT LLC

16.7%

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

New52Increased254Decreased294Exited55

New Positions

FE0.4%

+384K

KHC0.3%

+740K

AMCOR PLC0.3%

+383K

CAG0.2%

+483K

LYB0.1%

+71K

HYDB0.1%

+105K

APP0.1%

+13K

SWK0.1%

+40K

STLD0.1%

+15K

PNFP0.1%

+30K

Increased

AGG3.9%

+1.2M(+171%)

TLH2.0%

+935K(+12383%)

KMI0.4%

+176K(+46%)

IEFA3.9%

+126K(+7%)

FALN0.1%

+101K(+110%)

CSGP0.3%

+86K(+33%)

DUK0.5%

+86K(+87%)

EVRG0.4%

+83K(+65%)

MO0.6%

+81K(+24%)

AES0.1%

+76K(+74%)

Decreased

DFIS2.3%

-269,312(-8%)

EMN0.0%

-213,130(-95%)

IWP4.1%

-211,541(-12%)

CMG0.0%

-123,158(-91%)

IWS8.2%

-66,027(-2%)

BND0.1%

-56,027(-63%)

IWX11.6%

-55,500(-1%)

JNK0.0%

-47,067(-95%)

AEP0.0%

-46,570(-90%)

AVUV1.0%

-42,610(-9%)

Exited

-1,459,593

-17,350

-47,392

-39,554

-20,950

-3,586

-29,318

-4,058

-21,824

-2,516

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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