First City Capital Management, Inc.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 3, 2025), First City Capital Management, Inc. reported 153 stock positions worth $187.9 million. Its top holding was Microsoft (MSFT) at 5.8% of the portfolio, followed by Home Depot (HD, 5.4%) and SS SPDR S&P 500 ETF Trust-US (SPY, 4.1%). Compared with Q3 2024, it opened 6 new positions, sold out of 15, added to 32 and reduced 69. The biggest buy was Ballast Small/Mid Cap ETF (MGMT, shares +10%) and the biggest sale Eli Lilly (LLY, shares −2%).

Most Recent 13F
Q2 2026
Location
SAVANNAH, GA
CIK
0001427350
Portfolio Value
$187.9M (Q4 2024)
SEC Filing
0001427350-25-000001 ↗ filed Jan 3, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $180.6M Q1 2024 Q2 2024: $178.0M Q2 2024 Q3 2024: $194.0M Q3 2024 Q4 2024: $187.9M $187.9M Q4 2024 Q1 2025: $166.8M Q1 2025 Q2 2025: $173.2M Q2 2025 Q3 2025: $185.4M Q3 2025 Q4 2025: $189.3M Q4 2025 Q1 2026: $188.7M Q1 2026 Q2 2026: $205.5M Q2 2026

Holdings 153 stocks · $187.9M
MSFT Microsoft Corp. 5.84% 26,042 $11.0M Add +2.2%
HD Home Depot Inc. 5.42% 26,171 $10.2M Add +2.9%
SPY SS SPDR S&P 500 ETF Trust-US 4.07% 13,031 $7.6M Reduce -0.0%
MGMT Ballast Small/Mid Cap ETF 3.37% 152,399 $6.3M Add +10.1%
LLY Eli Lilly & Co. 3.37% 8,195 $6.3M Reduce -2.1%
KO The Coca-Cola Co. 3.21% 96,906 $6.0M Reduce -0.8%
VOO Vanguard S&P 500 ETF 3.20% 11,155 $6.0M Add +5.8%
XOM Exxon Mobil Corp. 2.95% 51,464 $5.5M Add +0.4%
AAPL Apple Inc. 2.75% 20,644 $5.2M Reduce -0.4%
NVDA Nvidia Corp. 2.69% 37,685 $5.1M Reduce -2.4%
ABBV Abbvie Inc. 2.47% 26,134 $4.6M Reduce -0.9%
BRK.B Berkshire Hathaway Inc. Class B 2.47% 10,237 $4.6M Reduce -0.0%
JPM JPMorgan Chase & Co. 2.09% 16,356 $3.9M Reduce -1.2%
AMZN Amazon.com Inc. 1.98% 16,939 $3.7M Reduce -1.3%
CVX Chevron Corp. 1.47% 19,034 $2.8M Add +2.6%
PG The Procter & Gamble Co. 1.45% 16,210 $2.7M Add +3.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.43% 61,193 $2.7M Reduce -0.6%
RTX RTX Corp. 1.22% 19,793 $2.3M Reduce -0.3%
MRK Merck & Co. Inc. 1.21% 22,805 $2.3M Reduce -8.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.17% 9,973 $2.2M No change
PAUG Innovator U.S. Equity Power 1.06% 51,870 $2.0M Reduce -0.6%
LOW Lowe's Cos Inc. 1.05% 8,017 $2.0M No change
SO The Southern Co. 1.00% 22,778 $1.9M Reduce -0.4%
VZ Verizon Communications Inc. 0.97% 45,481 $1.8M Add +0.8%
LMT Lockheed Martin Corp. 0.89% 3,437 $1.7M No change
JNJ Johnson & Johnson 0.85% 11,020 $1.6M Add +0.1%
MO Altria Group Inc. 0.82% 29,436 $1.5M Add +3.1%
PAYX Paychex Inc. 0.81% 10,847 $1.5M Reduce -2.2%
DEM Wisdomtree Emerging Markets 0.76% 35,251 $1.4M Add +9.5%
PFE Pfizer Inc. 0.73% 51,368 $1.4M Reduce -1.2%
ITW Illinois Tool Works 0.72% 5,342 $1.4M Reduce -1.8%
PJAN Innovator U.S. Equity Power 0.68% 30,200 $1.3M No change
CINF Cincinnati Financial Corp. 0.67% 8,798 $1.3M No change
GOOGL Alphabet Inc. Class A 0.67% 6,656 $1.3M Add +0.2%
WFC Wells Fargo & Co. 0.66% 17,715 $1.2M Add +6.8%
NOC Northrop Grumman Corp. 0.66% 2,628 $1.2M No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.64% 2,834 $1.2M Add +23.6%
ETN Eaton Corp. PLC 0.64% 3,617 $1.2M Reduce -6.8%
DUK Duke Energy Corp. 0.64% 11,136 $1.2M Reduce -1.1%
BMY Bristol-Myers Squibb Co. 0.64% 21,164 $1.2M Add +1.1%
IWF iShares Russell 1000 Growth 0.63% 2,929 $1.2M No change
HON Honeywell International Inc. 0.60% 4,992 $1.1M Reduce -5.6%
CSCO Cisco Systems Inc. 0.55% 17,300 $1.0M Reduce -1.8%
AMGN Amgen Inc. 0.52% 3,755 $979K Reduce -0.0%
PEP Pepsico Inc. 0.50% 6,227 $947K Reduce -0.8%
MDLZ Mondelez International Inc. Class A 0.50% 15,721 $939K Reduce -1.2%
AVY Avery Dennison Corp. 0.50% 4,990 $934K Reduce -16.7%
META Meta Platforms Inc. Class A 0.48% 1,532 $897K Add +0.3%
CR Crane Co. 0.47% 5,836 $886K No change
SRLN SS Blackstone Sr Loan ETF 0.47% 21,065 $879K Add +0.5%
GLD SPDR Gold Shares 0.46% 3,570 $864K Add +14.4%
BSCS Invesco Bulletshares 2028 CB 0.45% 42,100 $847K No change
QCOM Qualcomm Inc. 0.45% 5,507 $846K No change
T AT&T Inc. 0.45% 37,030 $843K Reduce -1.8%
COST Costco Wholesale Corp. 0.45% 918 $841K Reduce -4.7%
VXF Vanguard Extended Market ETF 0.45% 4,412 $838K Add +0.6%
RIO Rio Tinto PLC-Spon ADR 0.43% 13,598 $800K Reduce -9.9%
MDY State Street SPDR S&P Midcap 0.42% 1,402 $799K Add +54.6%
ABT Abbott Laboratories 0.42% 7,033 $796K Reduce -2.9%
AXP American Express Co. 0.40% 2,557 $759K Reduce -1.0%
MCD McDonald's Corp. 0.40% 2,606 $755K Reduce -1.9%
GS Goldman Sachs Group Inc. 0.40% 1,311 $751K Add +37.9%
PHO Invesco Water Resources ETF 0.40% 11,335 $746K No change
PM Philip Morris International 0.40% 6,188 $745K Add +12.0%
BSCQ Invesco Bulletshares 2026 CB 0.37% 35,571 $691K Reduce -1.1%
WMT Walmart Inc. 0.37% 7,647 $691K No change
RSP Invesco S&P 500 Equal Weight 0.36% 3,821 $670K Add +5.5%
KKR KKR & Co. Inc. 0.35% 4,496 $665K No change
FCX Freeport-McMoran Inc. 0.35% 17,451 $665K Reduce -1.6%
TFC Truist Financial Corp. 0.35% 15,101 $655K Add +3.6%
CARR Carrier Global Corp. 0.35% 9,537 $651K Reduce -3.5%
TXT Textron Inc. 0.34% 8,301 $635K No change
CB Chubb Ltd. 0.33% 2,238 $618K Reduce -0.4%
GOOG Alphabet Inc. Class C 0.33% 3,226 $614K Reduce -1.5%
SNY Sanofi-ADR 0.32% 12,620 $609K Reduce -7.3%
DOV Dover Corp. 0.32% 3,238 $607K No change
IWM iShares Russell 2000 ETF 0.32% 2,748 $607K Add +2.6%
MMM 3M Co. 0.31% 4,552 $588K Reduce -2.6%
UNH Unitedhealth Group Inc. 0.30% 1,131 $572K No change
BSCU Invesco Bulletshares 2030 CB 0.30% 34,300 $561K Reduce -0.4%
NEE Nextera Energy Inc. 0.30% 7,792 $559K Reduce -2.4%
MCK McKesson Corp. 0.30% 977 $557K No change
LHX L3HARRIS Technologies Inc. 0.29% 2,615 $550K Reduce -1.9%
CMI Cummins Inc. 0.29% 1,560 $544K No change
BDX Becton Dickinson and Co. 0.29% 2,365 $537K No change
AZN Astrazeneca PLC-Spons ADR 0.28% 8,113 $532K Reduce -2.4%
C Citigroup Inc. 0.28% 7,549 $531K Reduce -6.2%
GPC Genuine Parts Co. 0.28% 4,550 $531K Reduce -4.0%
IVV iShares Core S&P 500 ETF 0.28% 902 $531K No change
BKLN Invesco Senior Loan ETF 0.28% 25,100 $529K Reduce -17.2%
VXUS Vanguard Total Intl Stock 0.28% 8,914 $525K Add +17.8%
AYI Acuity Inc. 0.27% 1,733 $506K Reduce -1.1%
SLYG SS SPDR S&P 600 SC GR ETF 0.27% 5,558 $502K No change
JCI Johnson Controls Internation 0.26% 6,244 $493K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.26% 1,186 $487K Add +30.3%
IUSG iShares Core S&P U.S. Growth 0.26% 3,438 $479K No change
SSB Southstate Bank Corp. 0.25% 4,801 $478K No change
PNC PNC Financial Services Group 0.25% 2,467 $476K Reduce -2.8%
NOBL Proshares S&P 500 Dividend A 0.25% 4,775 $475K Reduce -0.8%
NTRS Northern Trust Corp. 0.25% 4,565 $468K No change
UNP Union Pacific Corp. 0.25% 2,036 $464K Reduce -3.5%
NVS Novartis AG-Sponsored ADR 0.24% 4,626 $450K Reduce -13.7%
TT Trane Technologies PLC 0.24% 1,214 $448K No change
KJAN Innovator U.S. Small Cap Pow 0.23% 11,670 $436K New
ACWX iShares MSCI Acwi Ex US ETF 0.23% 8,150 $425K Add +58.3%
DGRO iShares Core Dividend Growth 0.23% 6,929 $425K No change
CP Canadian Pacific Kansas City 0.22% 5,782 $418K No change
SEE Sealed Air Corp. 0.22% 12,220 $413K Reduce -2.8%
B Barrick Gold Corp. 0.22% 26,412 $409K Reduce -7.4%
V Visa Inc. Class A 0.21% 1,273 $402K Add +0.1%
CL Colgate-Palmolive Co. 0.21% 4,420 $402K No change
NSC Norfolk Southern Corp. 0.21% 1,665 $391K No change
BTI British American Tob-SP ADR 0.20% 10,590 $385K Reduce -2.8%
IYW iShares Ustechnology ETF 0.20% 2,400 $383K Reduce -7.7%
IAU iShares Gold Trust 0.20% 7,543 $373K No change
ORCL Oracle Corp. 0.19% 2,178 $363K No change
EPD Enterprise Products Partners 0.19% 11,541 $362K Add +57.9%
CCJ Cameco Corp. 0.18% 6,650 $342K Reduce -10.7%
CMCSA Comcast Corp. Class A 0.18% 9,061 $340K Reduce -3.2%
FDX FedEx Corp. 0.18% 1,204 $339K Reduce -1.2%
SCCO Southern Copper Corp. 0.18% 3,683 $336K Reduce -28.4%
MDT Medtronic PLC 0.17% 3,998 $319K Reduce -3.0%
EFA iShares MSCI Eafe ETF 0.17% 4,200 $318K No change
AVGO Broadcom Inc. 0.16% 1,325 $307K Reduce -0.4%
BLK BlackRock Finance Inc. 0.16% 293 $301K New
VONG Vanguard Russell 1000 Growth 0.15% 2,744 $283K No change
IDEC Inno Int Dev Power Buff Dec 0.15% 10,595 $281K Reduce -9.8%
PDP Invesco Dorsey Wright Moment 0.15% 2,585 $278K No change
PMAR Innovator U.S. Equity Power 0.14% 6,750 $271K No change
CVS CVS Health Corp. 0.14% 5,980 $268K Reduce -31.4%
GE General Electric filed as GE AEROSPACE 0.14% 1,603 $267K Reduce -2.1%
VTI VG Morningstar TS MKT ETF-US 0.14% 888 $257K New
WHR Whirlpool Corp. 0.14% 2,235 $256K Add +9.8%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.13% 2,975 $252K No change
LIN Linde PLC 0.13% 600 $251K No change
IJK iShares S&P Mid-Cap 400 Grow 0.13% 2,732 $248K No change
COP Conocophillips 0.13% 2,499 $248K Reduce -2.9%
CXT Crane NXT Co. 0.13% 4,230 $246K Reduce -2.3%
GIS General Mills Inc. 0.13% 3,837 $245K Add +9.9%
KLAC KLA Corp. 0.13% 382 $241K No change
VIG Vanguard Dividend Apprec ETF 0.12% 1,195 $234K No change
DRI Darden Restaurants Inc. 0.12% 1,250 $233K No change
OHI Omega Healthcare Investors 0.12% 5,759 $218K Reduce -1.7%
UBS UBS Group AG-Reg 0.12% 7,159 $217K Reduce -0.1%
BF.B Brown-Forman Corp. Class B 0.11% 5,684 $216K Reduce -0.2%
TECH Bio-Techne Corp. 0.11% 2,950 $212K No change
GILD Gilead Sciences Inc. 0.11% 2,291 $212K New
IJJ iShares S&P Mid-Cap 400 Valu 0.11% 1,690 $211K No change
CAH Cardinal Health Inc. 0.11% 1,770 $209K New
OTIS Otis Worldwide Corp. 0.11% 2,250 $208K Reduce -6.3%
QQQ Invesco QQQ Trust Series 1 0.11% 402 $206K New
D Dominion Energy Inc. 0.11% 3,752 $202K No change
MQY BlackRock Muniyield Quality 0.06% 10,548 $122K No change

Portfolio Sells Q3 2024 → Q4 2024
LLY Eli Lilly & Co. Reduce -2.1% 3.37% −0.45
KO The Coca-Cola Co. Reduce -0.8% 3.21% −0.41
TSLT T-Rex 2X LNG Tesla DLY TRGT Sold out 0.00% −0.25
MRK Merck & Co. Inc. Reduce -8.0% 1.21% −0.24
ABBV Abbvie Inc. Reduce -0.9% 2.47% −0.21
KHC The Kraft Heinz Co. Sold out 0.00% −0.21
AVY Avery Dennison Corp. Reduce -16.7% 0.50% −0.18
CE Celanese Corp. Sold out 0.00% −0.17
INTC Intel Corp. Sold out 0.00% −0.16
GSK GSK PLC-Spon ADR Sold out 0.00% −0.16
EEM iShares MSCI Emerging Market Sold out 0.00% −0.15
XYL Xylem Inc. Sold out 0.00% −0.14
NEM Newmont Corp. Sold out 0.00% −0.14
CVS CVS Health Corp. Reduce -31.4% 0.14% −0.14
RIO Rio Tinto PLC-Spon ADR Reduce -9.9% 0.43% −0.13
SCCO Southern Copper Corp. Reduce -28.4% 0.18% −0.13
REGN Regeneron Pharmaceuticals Sold out 0.00% −0.12
DEO Diageo PLC-Sponsored ADR Sold out 0.00% −0.12
DOW Dow Inc. Sold out 0.00% −0.12
DD Dupont DE Nemours Inc. Sold out 0.00% −0.11
DHR Danaher Corp. Sold out 0.00% −0.11
AMAT Applied Materials Inc. Sold out 0.00% −0.11
MDLZ Mondelez International Inc. Class A Reduce -1.2% 0.50% −0.10
WYNN WYNN Resorts Ltd. Sold out 0.00% −0.10
AMGN Amgen Inc. Reduce -0.0% 0.52% −0.10
FCX Freeport-McMoran Inc. Reduce -1.6% 0.35% −0.10
SNY Sanofi-ADR Reduce -7.3% 0.32% −0.08
NVS Novartis AG-Sponsored ADR Reduce -13.7% 0.24% −0.08
B Barrick Gold Corp. Reduce -7.4% 0.22% −0.07
SO The Southern Co. Reduce -0.4% 1.00% −0.07
CARR Carrier Global Corp. Reduce -3.5% 0.35% −0.06
GPC Genuine Parts Co. Reduce -4.0% 0.28% −0.06
AZN Astrazeneca PLC-Spons ADR Reduce -2.4% 0.28% −0.05
NEE Nextera Energy Inc. Reduce -2.4% 0.30% −0.05
PFE Pfizer Inc. Reduce -1.2% 0.73% −0.05
BKLN Invesco Senior Loan ETF Reduce -17.2% 0.28% −0.05
PEP Pepsico Inc. Reduce -0.8% 0.50% −0.05
LHX L3HARRIS Technologies Inc. Reduce -1.9% 0.29% −0.03
DUK Duke Energy Corp. Reduce -1.1% 0.64% −0.03
BF.B Brown-Forman Corp. Class B Reduce -0.2% 0.11% −0.03
ETN Eaton Corp. PLC Reduce -6.8% 0.64% −0.02
IDEC Inno Int Dev Power Buff Dec Reduce -9.8% 0.15% −0.02
MDT Medtronic PLC Reduce -3.0% 0.17% −0.02
UNP Union Pacific Corp. Reduce -3.5% 0.25% −0.02
RTX RTX Corp. Reduce -0.3% 1.22% −0.02
CMCSA Comcast Corp. Class A Reduce -3.2% 0.18% −0.02
OTIS Otis Worldwide Corp. Reduce -6.3% 0.11% −0.02
GE General Electric Reduce -2.1% 0.14% −0.02
MMM 3M Co. Reduce -2.6% 0.31% −0.02
SEE Sealed Air Corp. Reduce -2.8% 0.22% −0.02

Portfolio Buys Q3 2024 → Q4 2024
MGMT Ballast Small/Mid Cap ETF Add +10.1% 3.37% +0.63
VOO Vanguard S&P 500 ETF Add +5.8% 3.20% +0.33
KJAN Innovator U.S. Small Cap Pow New 0.23% +0.23
MSFT Microsoft Corp. Add +2.2% 5.84% +0.19
WFC Wells Fargo & Co. Add +6.8% 0.66% +0.18
BLK BlackRock Finance Inc. New 0.16% +0.16
MDY State Street SPDR S&P Midcap Add +54.6% 0.42% +0.16
GS Goldman Sachs Group Inc. Add +37.9% 0.40% +0.16
DIA SS SPDR Dow Jones Indus Avg Add +23.6% 0.64% +0.14
VTI VG Morningstar TS MKT ETF-US New 0.14% +0.14
GILD Gilead Sciences Inc. New 0.11% +0.11
CAH Cardinal Health Inc. New 0.11% +0.11
QQQ Invesco QQQ Trust Series 1 New 0.11% +0.11
HD Home Depot Inc. Add +2.9% 5.42% +0.11
GOOGL Alphabet Inc. Class A Add +0.2% 0.67% +0.10
EPD Enterprise Products Partners Add +57.9% 0.19% +0.08
VUG Vanguard Mrngstar GR ETF-Sui Add +30.3% 0.26% +0.08
BMY Bristol-Myers Squibb Co. Add +1.1% 0.64% +0.08
ACWX iShares MSCI Acwi Ex US ETF Add +58.3% 0.23% +0.07
GLD SPDR Gold Shares Add +14.4% 0.46% +0.07
MO Altria Group Inc. Add +3.1% 0.82% +0.07
CVX Chevron Corp. Add +2.6% 1.47% +0.06
PM Philip Morris International Add +12.0% 0.40% +0.05
PG The Procter & Gamble Co. Add +3.6% 1.45% +0.05
VXF Vanguard Extended Market ETF Add +0.6% 0.45% +0.03
V Visa Inc. Class A Add +0.1% 0.21% +0.03
DEM Wisdomtree Emerging Markets Add +9.5% 0.76% +0.03
TFC Truist Financial Corp. Add +3.6% 0.35% +0.03
VXUS Vanguard Total Intl Stock Add +17.8% 0.28% +0.03
META Meta Platforms Inc. Class A Add +0.3% 0.48% +0.03
WHR Whirlpool Corp. Add +9.8% 0.14% +0.02
RSP Invesco S&P 500 Equal Weight Add +5.5% 0.36% +0.02
IWM iShares Russell 2000 ETF Add +2.6% 0.32% +0.02
SRLN SS Blackstone Sr Loan ETF Add +0.5% 0.47% +0.02
GIS General Mills Inc. Add +9.9% 0.13% −0.00
JNJ Johnson & Johnson Add +0.1% 0.85% −0.07
VZ Verizon Communications Inc. Add +0.8% 0.97% −0.08
XOM Exxon Mobil Corp. Add +0.4% 2.95% −0.15

Options Activity Q3 2024 → Q4 2024
TSLA Tesla Inc. call Sold out 9,200 $425Kbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 164$205.5MSPY, VOO, MGMT, LLY, MSFT
Q1 2026 160$188.7MSPY, VOO, XOM, MSFT, MGMT
Q4 2025 156$189.3MMSFT, SPY, VOO, LLY, NVDA
Q3 2025 153$185.4MMSFT, SPY, VOO, NVDA, MGMT
Q2 2025 145$173.2MMSFT, SPY, VOO, XOM, NVDA
Q1 2025 147$166.8MMSFT, SPY, XOM, HD, VOO
Q4 2024 153$187.9MMSFT, HD, SPY, MGMT, LLY
Q3 2024 162$194.0MMSFT, HD, SPY, LLY, KO
Q2 2024 157$178.0MMSFT, LLY, SPY, KO, HD
Q1 2024 167$180.6MMSFT, HD, LLY, SPY, KO