SEC 13F Intelligence

Managers / Q4 2025 · view latest →

First Washington CORP

CIK 0001390043 · 2001 6TH AVE STE 3400, SEATTLE, WA, 98121 · 2066248320

Reported Value
$386M
Q4 2025
Positions
58
Filings on Record
32
2019–present window
Filed
Feb 13, 2026
original filing

Summary

First Washington Corp reported $386M in U.S.-listed holdings across 58 positions for Q4 2025.

Its largest position, PCAR, represents 11.1% of the portfolio.

Compared with Q3 2025, the fund opened 3 new positions and exited 1.

Portfolio Metrics

Turnover
+7.5%
vs prior filed quarter
Top-10 Concentration
+48.8%
share of reported value
Largest Position
+11.1%
Paccar
New / Exited
3 / 1
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $183MQ4 ’18Q1 ’19: $197MQ2 ’19: $203MQ3 ’19: $201MQ4 ’19: $217MQ4 ’19Q1 ’20: $159MQ2 ’20: $171MQ3 ’20: $166MQ4 ’20: $221MQ4 ’20Q1 ’21: $253MQ2 ’21: $268MQ3 ’21: $274MQ4 ’21: $258MQ4 ’21Q1 ’22: $248MQ2 ’22: $215MQ3 ’22: $198MQ2 ’23: $228MQ2 ’23Q3 ’23: $247MQ4 ’23: $260MQ1 ’24: $262MQ2 ’24: $270MQ2 ’24Q3 ’24: $252MQ4 ’24: $283MQ1 ’25: $285MQ2 ’25: $310MQ2 ’25Q3 ’25: $373MQ4 ’25: $386MQ1 ’26: $353Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 71.6%ETP: 23.1%Other: 3.6%ADR: 1.7%
  • Common Stock · 71.6% · $277M
  • ETP · 23.1% · $89M
  • Other · 3.6% · $14M
  • ADR · 1.7% · $7M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BRZEBRAZE INCNEW+223.0K223.0K+$8M$8M
FISVFISERV INCNEW+77.3K77.3K+$5M$5M
EWBCEAST WEST BANCORP INCNEW+1.8K1.8K+$204,100$204,100
INVESCO EXCHANGE TRADED FD TSOLD OUT−38.2K0−$7M$0
ISHARES TRTRIMMED−52.1K7.6K−$5M$760,579
VKTXVIKING THERAPEUTICS INCADDED+120.7K387.5K+$7M$14M
SPDR S&P 500 ETF TRTRIMMED−6.1K13.6K−$4M$9M
DARDARLING INGREDIENTS INCTRIMMED−44.8K116.7K−$785,494$4M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2025

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PCARPACCAR INChistory →COM11.08%$43M390.5K
2J P MORGAN EXCHANGE TRADED FCORE PLUS BD ETF10.05%$39M819.4K
3ISHARES TRCORE US AGGBD ET · ISHS 1-5YR INVS8.13%$31M329.2K
4LASRNLIGHT INChistory →COM3.78%$15M388.8K
5VKTXVIKING THERAPEUTICS INChistory →COM3.53%$14M387.5K
6DYDYCOM INDS INChistory →COM2.93%$11M33.4K
7MSFTMICROSOFT CORPhistory →COM2.55%$10M20.4K
8MUMICRON TECHNOLOGY INChistory →COM2.43%$9M32.9K
9LLYELI LILLY & COhistory →COM2.40%$9M8.6K
10SPDR S&P 500 ETF TRTR UNIT2.40%$9M13.6K
11MTZMASTEC INChistory →COM2.35%$9M41.8K
12GEVGE VERNOVA INChistory →COM2.31%$9M13.6K
13VANECK ETF TRUSTGOLD MINERS ETF2.27%$9M102.4K
14ALKALASKA AIR GROUP INChistory →COM2.14%$8M164.3K
15MEDTRONIC PLCSHS2.05%$8M82.5K
16BACBANK AMERICA CORPhistory →COM1.99%$8M139.8K
17GVAGRANITE CONSTR INChistory →COM1.99%$8M66.6K
18BRZEBRAZE INChistory →COM CL A1.98%$8M223.0K
19CRWDCROWDSTRIKE HLDGS INChistory →CL A1.77%$7M14.6K
20AMZNAMAZON COM INChistory →COM1.75%$7M29.2K
21BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS1.74%$7M45.9K
22LENLENNAR CORPhistory →CL A1.70%$7M64.0K
23GEHCGE HEALTHCARE TECHNOLOGIES Ihistory →COMMON STOCK1.70%$7M79.8K
24ANETARISTA NETWORKS INChistory →COM1.47%$6M43.3K
25AVGOBROADCOM INChistory →COM1.45%$6M16.2K
26EATON CORP PLCCOM1.45%$6M17.6K
27COSTCOSTCO WHSL CORP NEWhistory →COM1.42%$5M6.3K
28UBERUBER TECHNOLOGIES INChistory →COM1.40%$5M66.0K
29FISVFISERV INChistory →COM1.34%$5M77.3K
30CMECME GROUP INChistory →COM1.29%$5M18.3K
31ICEINTERCONTINENTAL EXCHANGE INhistory →COM1.25%$5M29.7K
32NVDANVIDIA CORPORATIONhistory →COM1.23%$5M25.4K
33MRVLMARVELL TECHNOLOGY INChistory →COM1.22%$5M55.4K
34CLFCLEVELAND-CLIFFS INC NEWhistory →COM1.20%$5M347.5K
35CBOECBOE GLOBAL MKTS INChistory →COM1.12%$4M17.3K
36DARDARLING INGREDIENTS INChistory →COM1.09%$4M116.7K
37VCELVERICEL CORPhistory →COM1.02%$4M109.8K
38NDAQNASDAQ INChistory →COM1.02%$4M40.7K
39ALSALLSTATE CORPCOM0.82%$3M15.2K
40EQTEQT CORPCOM0.82%$3M59.1K
41ZSZSCALER INCCOM0.80%$3M13.7K
42CPCANADIAN PACIFIC KANSAS CITYCOM0.63%$2M33.1K
43GOOGLALPHABET INCCAP STK CL A0.61%$2M7.6K
44AAPLAPPLE INCCOM0.37%$1M5.3K
45GNRCGENERAC HLDGS INCCOM0.28%$1M8.1K
46MRKMERCK & CO INCCOM0.28%$1M10.1K
47DVNDEVON ENERGY CORP NEWCOM0.24%$930,73225.4K
48QCOMQUALCOMM INCCOM0.23%$906,2235.3K
49AMDADVANCED MICRO DEVICES INCCOM0.21%$796,4613.7K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$353M50May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$386M58Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$373M56Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$310M53Aug 12, 202513F-HRchanges · EDGAR ↗
Q1 2025$285M57May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$283M53Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$252M56Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$270M58Aug 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$262M56May 13, 202413F-HRchanges · EDGAR ↗
Q4 2023$260M55Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$247M58Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$228M54Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023Under review56May 12, 2023RESTATEMENTchanges · EDGAR ↗
Q4 2022Under review58Feb 14, 2023RESTATEMENTchanges · EDGAR ↗
Q3 2022$198M62Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$215M60Aug 10, 202213F-HRchanges · EDGAR ↗
Q1 2022$248M61May 11, 202213F-HRchanges · EDGAR ↗
Q4 2021$258M79Feb 10, 202213F-HRchanges · EDGAR ↗
Q3 2021$274M81Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$268M80Aug 12, 202113F-HRchanges · EDGAR ↗
Q1 2021$253M80May 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$221M72Feb 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$166M69Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$171M72Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$159M70May 8, 202013F-HRchanges · EDGAR ↗
Q4 2019$217M76Feb 10, 202013F-HRchanges · EDGAR ↗
Q3 2019$201M76Nov 8, 201913F-HRchanges · EDGAR ↗
Q2 2019$203M81Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$197M83May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$183M82Feb 8, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.