Managers / Q4 2025 · view latest →
First Growth Capital LLC
CIK 0002112081 · 7514 SLADE AVENUE, PIKESVILLE, MD, 21208 · 2024742269
Summary
First Growth Capital LLC reported $113M in U.S.-listed holdings across 121 positions for Q4 2025.
Its largest position, VRT, represents 16.1% of the portfolio.
Portfolio Metrics
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
Portfolio Composition
- Common Stock · 50.9% · $57M
- ETP · 46.0% · $52M
- ADR · 1.8% · $2M
- Other · 0.7% · $746,185
- Closed-End Fund · 0.6% · $697,217
Quarter-over-Quarter Changes full breakdown →
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| VRTVERTIV HOLDINGS CO | NEW | +73.1K | 73.1K | +$18M | $18M |
| ISHARES TR | NEW | +14.5K | 14.5K | +$10M | $10M |
| SCHWAB STRATEGIC TR | NEW | +103.8K | 103.8K | +$3M | $3M |
| NDQINVESCO QQQ TR | NEW | +4.5K | 4.5K | +$3M | $3M |
| SCHWAB STRATEGIC TR | NEW | +87.9K | 87.9K | +$3M | $3M |
| PHPARKER-HANNIFIN CORP | NEW | +2.5K | 2.5K | +$2M | $2M |
| COLUMBIA ETF TR I | NEW | +54.9K | 54.9K | +$2M | $2M |
| GPGICOMPOSECURE INC | NEW | +87.7K | 87.7K | +$2M | $2M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | VRTVERTIV HOLDINGS COhistory → | COM CL A | 16.12% | $18M | 73.1K |
| 2 | ISHARES TR | CORE S&P500 ETF · MSCI AC ASIA ETF · EUROPE ETF | 11.07% | $12M | 41.6K |
| 3 | SCHWAB STRATEGIC TR | US LRG CAP ETF · US SML CAP ETF · US DIVIDEND EQ · US MID-CAP ETF | 7.83% | $9M | 293.8K |
| 4 | VANGUARD INDEX FDS | TOTAL STK MKT · S&P 500 ETF SHS · EXTEND MKT ETF | 3.42% | $4M | 11.3K |
| 5 | NDQINVESCO QQQ TRhistory → | UNIT SER 1 | 2.45% | $3M | 4.5K |
| 6 | PHPARKER-HANNIFIN CORPhistory → | COM | 2.17% | $2M | 2.5K |
| 7 | COLUMBIA ETF TR I | RESH ENHNC COR | 2.01% | $2M | 54.9K |
| 8 | GPGICOMPOSECURE INChistory → | COM CL A | 1.95% | $2M | 87.7K |
| 9 | AAPLAPPLE INChistory → | COM | 1.94% | $2M | 7.9K |
| 10 | MSFTMICROSOFT CORPhistory → | COM | 1.92% | $2M | 5.3K |
| 11 | SPDR SERIES TRUST | STATE STREET SPD | 1.63% | $2M | 10.1K |
| 12 | WWDWOODWARD INChistory → | COM | 1.05% | $1M | 3.0K |
| 13 | PIMCO EQUITY SER | RAFI DYN ML US | 1.03% | $1M | 19.0K |
| 14 | NVONOVO-NORDISK A Shistory → | ADR | 1.02% | $1M | 23.6K |
| 15 | FIRST TR EXCHANGE TRADED FD | NASDQ CLN EDGE | 1.01% | $1M | 6.4K |
| 16 | VANGUARD BD INDEX FDS | TOTAL BND MRKT | 0.97% | $1M | 14.7K |
| 17 | IAU*ISHARES GOLD TR | ISHARES NEW | 0.94% | $1M | 11.1K |
| 18 | NFLXNETFLIX INC | COM | 0.92% | $1M | 13.1K |
| 19 | LITMAN GREGORY FDS TR | IMGP DBI MANAGED | 0.87% | $978,457 | 31.9K |
| 20 | CATCATERPILLAR INC | COM | 0.87% | $974,950 | 1.3K |
| 21 | PIMCO ETF TR | ACTIVE BD ETF | 0.86% | $974,367 | 10.4K |
| 22 | RTXRTX CORPORATION | COM | 0.86% | $969,384 | 4.9K |
| 23 | INVESCO ACTIVELY MANAGED EXC | S&P500 DOWNSID | 0.85% | $952,995 | 25.1K |
| 24 | DYHTARGET CORP | COM | 0.82% | $927,310 | 8.1K |
| 25 | MUMICRON TECHNOLOGY INC | COM | 0.81% | $913,214 | 2.2K |
| 26 | CHVCHEVRON CORP NEW | COM | 0.75% | $841,263 | 4.5K |
| 27 | VANGUARD WORLD FD | INF TECH ETF | 0.75% | $840,880 | 1.1K |
| 28 | NKENIKE INC | CL B | 0.73% | $822,504 | 13.2K |
| 29 | VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 0.71% | $801,622 | 3.5K |
| 30 | NVDANVIDIA CORPORATION | COM | 0.71% | $798,842 | 4.2K |
| 31 | SPDR S&P 500 ETF TR | TR UNIT | 0.70% | $788,142 | 1.1K |
| 32 | AMGNAMGEN INC | COM | 0.68% | $763,129 | 2.1K |
| 33 | YPF SOCIEDAD ANONIMA | SPON ADR CL D | 0.63% | $714,999 | 18.3K |
| 34 | GOOGLALPHABET INC | CAP STK CL A | 0.63% | $707,133 | 2.3K |
| 35 | PDIPIMCO DYNAMIC INCOME FD | SHS | 0.62% | $697,217 | 36.8K |
| 36 | MRKMERCK & CO INC | COM | 0.60% | $671,888 | 5.6K |
| 37 | COSTCOSTCO WHSL CORP NEW | COM | 0.59% | $661,223 | 676 |
| 38 | INTCINTEL CORP | COM | 0.57% | $647,521 | 13.4K |
| 39 | AMEAMETEK INC | COM | 0.55% | $619,989 | 2.6K |
| 40 | INVESCO EXCH TRADED FD TR II | S&P SMLCP INFO | 0.53% | $599,529 | 9.5K |
| 41 | JNJJOHNSON & JOHNSON | COM | 0.53% | $592,542 | 2.5K |
| 42 | PEPPEPSICO INC | COM | 0.52% | $591,348 | 3.5K |
Filing History
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 ↗.