First City Capital Management, Inc.

Name: First City Capital Management, Inc. 13F holdings, Q1 2025
Creator: First City Capital Management, Inc.
Published: 2025-04-11

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 11, 2025), First City Capital Management, Inc. reported 147 stock positions worth $166.8 million. Its top holding was Microsoft (MSFT) at 4.5% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 4.4%) and Exxon Mobil (XOM, 3.6%). Compared with Q4 2024, it opened 4 new positions, sold out of 10, added to 24 and reduced 89. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +2%) and the biggest sale Home Depot (HD, shares −38%).

Most Recent 13F: Q2 2026
Location: SAVANNAH, GA
CIK: 0001427350
Portfolio Value: $166.8M (Q1 2025)
SEC Filing: 0001427350-25-000002 ↗ filed Apr 11, 2025

Holdings Value

Holdings 147 stocks · $166.8M


MSFT Microsoft Corp.	4.53%	20,127	$7.6M	Reduce -22.7%
SPY SS SPDR S&P 500 ETF Trust-US	4.36%	12,985	$7.3M	Reduce -0.3%
XOM Exxon Mobil Corp.	3.64%	51,075	$6.1M	Reduce -0.8%
HD Home Depot Inc.	3.59%	16,314	$6.0M	Reduce -37.7%
VOO Vanguard S&P 500 ETF	3.51%	11,378	$5.8M	Add +2.0%
MGMT Ballast Small/Mid Cap ETF	3.28%	141,757	$5.5M	Reduce -7.0%
BRK.B Berkshire Hathaway Inc. Class B	3.24%	10,143	$5.4M	Reduce -0.9%
ABBV Abbvie Inc.	3.20%	25,502	$5.3M	Reduce -2.4%
LLY Eli Lilly & Co.	3.14%	6,333	$5.2M	Reduce -22.7%
KO The Coca-Cola Co.	2.42%	56,263	$4.0M	Reduce -41.9%
JPM JPMorgan Chase & Co.	2.39%	16,278	$4.0M	Reduce -0.5%
NVDA Nvidia Corp.	2.31%	35,482	$3.8M	Reduce -5.8%
AAPL Apple Inc.	2.23%	16,766	$3.7M	Reduce -18.8%
AMZN Amazon.com Inc.	1.87%	16,379	$3.1M	Reduce -3.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	1.45%	9,753	$2.4M	Reduce -2.2%
CVX Chevron Corp.	1.41%	14,045	$2.3M	Reduce -26.2%
RTX RTX Corp.	1.37%	17,246	$2.3M	Reduce -12.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP	1.36%	54,392	$2.3M	Reduce -11.1%
PG The Procter & Gamble Co.	1.28%	12,514	$2.1M	Reduce -22.8%
VZ Verizon Communications Inc.	1.21%	44,572	$2.0M	Reduce -2.0%
MRK Merck & Co. Inc.	1.18%	21,915	$2.0M	Reduce -3.9%
PAUG Innovator U.S. Equity Power	1.17%	51,438	$1.9M	Reduce -0.8%
SO The Southern Co.	1.09%	19,767	$1.8M	Reduce -13.2%
JNJ Johnson & Johnson	1.04%	10,422	$1.7M	Reduce -5.4%
PAYX Paychex Inc.	0.99%	10,722	$1.7M	Reduce -1.1%
MO Altria Group Inc.	0.98%	27,172	$1.6M	Reduce -7.7%
LMT Lockheed Martin Corp.	0.93%	3,465	$1.5M	Add +0.8%
DEM Wisdomtree Emerging Markets	0.81%	32,255	$1.4M	Reduce -8.5%
NOC Northrop Grumman Corp.	0.80%	2,608	$1.3M	Reduce -0.8%
DUK Duke Energy Corp.	0.79%	10,853	$1.3M	Reduce -2.5%
BMY Bristol-Myers Squibb Co.	0.78%	21,427	$1.3M	Add +1.2%
CINF Cincinnati Financial Corp.	0.76%	8,523	$1.3M	Reduce -3.1%
PJAN Innovator U.S. Equity Power	0.75%	30,200	$1.3M	No change
PFE Pfizer Inc.	0.73%	48,000	$1.2M	Reduce -6.6%
WFC Wells Fargo & Co.	0.72%	16,651	$1.2M	Reduce -6.0%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE	0.71%	2,834	$1.2M	No change
GLD SPDR Gold Shares	0.69%	4,001	$1.2M	Add +12.1%
LOW Lowe's Cos Inc.	0.67%	4,782	$1.1M	Reduce -40.4%
CSCO Cisco Systems Inc.	0.64%	17,300	$1.1M	No change
AMGN Amgen Inc.	0.64%	3,401	$1.1M	Reduce -9.4%
GOOGL Alphabet Inc. Class A	0.61%	6,593	$1.0M	Reduce -0.9%
HON Honeywell International Inc.	0.61%	4,783	$1.0M	Reduce -4.2%
IWF iShares Russell 1000 Growth	0.60%	2,779	$1.0M	Reduce -5.1%
ETN Eaton Corp. PLC	0.60%	3,687	$1.0M	Add +1.9%
PEP Pepsico Inc.	0.56%	6,240	$936K	Add +0.2%
META Meta Platforms Inc. Class A	0.54%	1,563	$901K	Add +2.0%
T AT&T Inc.	0.54%	31,575	$893K	Reduce -14.7%
PM Philip Morris International	0.53%	5,594	$888K	Reduce -9.6%
MCD McDonald's Corp.	0.53%	2,839	$887K	Add +8.9%
MDLZ Mondelez International Inc. Class A	0.53%	12,999	$882K	Reduce -17.3%
CR Crane Co.	0.52%	5,711	$875K	Reduce -2.1%
SRLN SS Blackstone Sr Loan ETF	0.52%	21,010	$864K	Reduce -0.3%
QCOM Qualcomm Inc.	0.51%	5,589	$859K	Add +1.5%
BSCS Invesco Bulletshares 2028 CB	0.51%	42,000	$855K	Reduce -0.2%
AVY Avery Dennison Corp.	0.50%	4,730	$842K	Reduce -5.2%
ABT Abbott Laboratories	0.50%	6,239	$828K	Reduce -11.3%
RIO Rio Tinto PLC-Spon ADR	0.49%	13,478	$810K	Reduce -0.9%
MDY State Street SPDR S&P Midcap	0.45%	1,402	$748K	No change
COST Costco Wholesale Corp.	0.45%	789	$746K	Reduce -14.1%
PHO Invesco Water Resources ETF	0.44%	11,335	$731K	No change
RSP Invesco S&P 500 Equal Weight	0.44%	4,206	$729K	Add +10.1%
SNY Sanofi-ADR	0.42%	12,620	$700K	No change
BSCQ Invesco Bulletshares 2026 CB	0.41%	34,921	$680K	Reduce -1.8%
WMT Walmart Inc.	0.41%	7,695	$676K	Add +0.6%
CB Chubb Ltd.	0.40%	2,188	$661K	Reduce -2.2%
FCX Freeport-McMoran Inc.	0.38%	16,661	$631K	Reduce -4.5%
MCK McKesson Corp.	0.37%	925	$623K	Reduce -5.3%
MMM 3M Co.	0.37%	4,227	$621K	Reduce -7.1%
UNH Unitedhealth Group Inc.	0.37%	1,183	$620K	Add +4.6%
TXT Textron Inc.	0.36%	8,265	$597K	Reduce -0.4%
AZN Astrazeneca PLC-Spons ADR	0.36%	8,113	$596K	No change
DOV Dover Corp.	0.34%	3,238	$569K	No change
BSCU Invesco Bulletshares 2030 CB	0.34%	33,967	$564K	Reduce -1.0%
EPD Enterprise Products Partners	0.34%	16,416	$560K	Add +42.2%
IWM iShares Russell 2000 ETF	0.32%	2,715	$542K	Reduce -1.2%
TFC Truist Financial Corp.	0.32%	13,122	$540K	Reduce -13.1%
C Citigroup Inc.	0.32%	7,565	$537K	Add +0.2%
CMI Cummins Inc.	0.32%	1,710	$536K	Add +9.6%
NVS Novartis AG-Sponsored ADR	0.31%	4,689	$523K	Add +1.4%
V Visa Inc. Class A	0.31%	1,473	$516K	Add +15.7%
GPC Genuine Parts Co.	0.31%	4,288	$511K	Reduce -5.8%
B Barrick Gold Corp.	0.30%	26,112	$508K	Reduce -1.1%
GOOG Alphabet Inc. Class C	0.30%	3,226	$504K	No change
JCI Johnson Controls Internation	0.30%	6,244	$500K	No change
ITW Illinois Tool Works	0.30%	1,997	$495K	Reduce -62.6%
BKLN Invesco Senior Loan ETF	0.30%	23,900	$495K	Reduce -4.8%
UNP Union Pacific Corp.	0.29%	2,031	$480K	Reduce -0.3%
NOBL Proshares S&P 500 Dividend A	0.28%	4,625	$473K	Reduce -3.1%
BDX Becton Dickinson and Co.	0.28%	2,056	$471K	Reduce -13.1%
IVV iShares Core S&P 500 ETF	0.28%	835	$469K	Reduce -7.4%
SLYG SS SPDR S&P 600 SC GR ETF	0.28%	5,548	$460K	Reduce -0.2%
KKR KKR & Co. Inc.	0.27%	3,926	$454K	Reduce -12.7%
ACWX iShares MSCI Acwi Ex US ETF	0.27%	8,150	$452K	No change
SSB Southstate Bank Corp.	0.27%	4,801	$446K	No change
GS Goldman Sachs Group Inc.	0.27%	815	$445K	Reduce -37.8%
LHX L3HARRIS Technologies Inc.	0.27%	2,115	$443K	Reduce -19.1%
IUSG iShares Core S&P U.S. Growth	0.26%	3,439	$437K	Add +0.0%
CARR Carrier Global Corp.	0.26%	6,812	$432K	Reduce -28.6%
AYI Acuity Inc.	0.26%	1,633	$430K	Reduce -5.8%
DGRO iShares Core Dividend Growth	0.26%	6,929	$428K	No change
IAU iShares Gold Trust	0.26%	7,243	$427K	Reduce -4.0%
PNC PNC Financial Services Group	0.25%	2,412	$424K	Reduce -2.2%
VUG Vanguard Mrngstar GR ETF-Sui	0.25%	1,132	$420K	Reduce -4.5%
KJAN Innovator U.S. Small Cap Pow	0.25%	11,670	$417K	No change
TT Trane Technologies PLC	0.25%	1,214	$409K	No change
CP Canadian Pacific Kansas City	0.24%	5,782	$406K	No change
NSC Norfolk Southern Corp.	0.23%	1,630	$386K	Reduce -2.1%
CL Colgate-Palmolive Co.	0.23%	4,020	$377K	Reduce -9.1%
MDT Medtronic PLC	0.22%	3,998	$359K	No change
VXUS Vanguard Total Intl Stock	0.21%	5,615	$349K	Reduce -37.0%
SEE Sealed Air Corp.	0.21%	11,990	$347K	Reduce -1.9%
SCCO Southern Copper Corp.	0.21%	3,707	$346K	Add +0.7%
BTI British American Tob-SP ADR	0.21%	8,290	$343K	Reduce -21.7%
IYW iShares Ustechnology ETF	0.20%	2,400	$337K	No change
CVS CVS Health Corp.	0.19%	4,797	$325K	Reduce -19.8%
NTRS Northern Trust Corp.	0.19%	3,145	$310K	Reduce -31.1%
BLK BlackRock Inc.	0.18%	315	$298K	Add +7.5%
IDEC Inno Int Dev Power Buff Dec	0.18%	10,595	$296K	No change
GE General Electric filed as GE AEROSPACE	0.18%	1,460	$292K	Reduce -8.9%
ORCL Oracle Corp.	0.17%	2,078	$291K	Reduce -4.6%
AVGO Broadcom Inc.	0.17%	1,730	$290K	Add +30.6%
CMCSA Comcast Corp. Class A	0.17%	7,661	$283K	Reduce -15.4%
LIN Linde PLC	0.17%	600	$279K	No change
CCJ Cameco Corp.	0.16%	6,650	$274K	No change
PMAR Innovator U.S. Equity Power	0.16%	6,750	$270K	No change
DRI Darden Restaurants Inc.	0.16%	1,280	$266K	Add +2.4%
NEE Nextera Energy Inc.	0.16%	3,742	$265K	Reduce -52.0%
KLAC KLA Corp.	0.16%	382	$260K	No change
PDP Invesco Dorsey Wright Moment	0.15%	2,585	$258K	No change
GILD Gilead Sciences Inc.	0.15%	2,296	$257K	Add +0.2%
VONG Vanguard Russell 1000 Growth	0.15%	2,744	$255K	No change
VTI VG Morningstar TS MKT ETF-US	0.15%	888	$244K	No change
FDX FedEx Corp.	0.14%	954	$233K	Reduce -20.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.14%	1,900	$231K	New
COP Conocophillips	0.14%	2,200	$231K	Reduce -12.0%
IJK iShares S&P Mid-Cap 400 Grow	0.14%	2,732	$228K	No change
OHI Omega Healthcare Investors	0.13%	5,884	$224K	Add +2.2%
VIG Vanguard Dividend Apprec ETF	0.13%	1,140	$221K	Reduce -4.6%
NEM Newmont Corp.	0.13%	4,550	$220K	New
CXT Crane NXT Co.	0.13%	4,230	$217K	No change
UBS UBS Group AG-Reg	0.13%	6,878	$211K	Reduce -3.9%
GIS General Mills Inc.	0.12%	3,411	$204K	Reduce -11.1%
AXP American Express Co.	0.12%	757	$204K	Reduce -70.4%
GSK GSK PLC-Spon ADR	0.12%	5,224	$202K	New
IJJ iShares S&P Mid-Cap 400 Valu	0.12%	1,690	$202K	No change
MQY BlackRock Muniyield Quality	0.07%	10,548	$124K	No change
MSOS Advisorshares Pure US Cann	0.03%	16,000	$42K	New

Portfolio Sells Q4 2024 → Q1 2025


HD Home Depot Inc.	Reduce -37.7%	3.59%	−1.83
MSFT Microsoft Corp.	Reduce -22.7%	4.53%	−1.31
KO The Coca-Cola Co.	Reduce -41.9%	2.42%	−0.80
AAPL Apple Inc.	Reduce -18.8%	2.23%	−0.52
VXF Vanguard Extended Market ETF	Sold out	0.00%	−0.45
ITW Illinois Tool Works	Reduce -62.6%	0.30%	−0.42
NVDA Nvidia Corp.	Reduce -5.8%	2.31%	−0.39
LOW Lowe's Cos Inc.	Reduce -40.4%	0.67%	−0.38
AXP American Express Co.	Reduce -70.4%	0.12%	−0.28
LLY Eli Lilly & Co.	Reduce -22.7%	3.14%	−0.23
EFA iShares MSCI Eafe ETF	Sold out	0.00%	−0.17
PG The Procter & Gamble Co.	Reduce -22.8%	1.28%	−0.17
NEE Nextera Energy Inc.	Reduce -52.0%	0.16%	−0.14
WHR Whirlpool Corp.	Sold out	0.00%	−0.14
IFF Intl Flavors & Fragrances	Sold out	0.00%	−0.13
GS Goldman Sachs Group Inc.	Reduce -37.8%	0.27%	−0.13
BF.B Brown-Forman Corp. Class B	Sold out	0.00%	−0.11
TECH Bio-Techne Corp.	Sold out	0.00%	−0.11
CAH Cardinal Health Inc.	Sold out	0.00%	−0.11
OTIS Otis Worldwide Corp.	Sold out	0.00%	−0.11
AMZN Amazon.com Inc.	Reduce -3.3%	1.87%	−0.11
QQQ Invesco QQQ Trust Series 1	Sold out	0.00%	−0.11
D Dominion Energy Inc.	Sold out	0.00%	−0.11
MGMT Ballast Small/Mid Cap ETF	Reduce -7.0%	3.28%	−0.09
CARR Carrier Global Corp.	Reduce -28.6%	0.26%	−0.09
KKR KKR & Co. Inc.	Reduce -12.7%	0.27%	−0.08
VXUS Vanguard Total Intl Stock	Reduce -37.0%	0.21%	−0.07
BAC Bank of America Corp.	Reduce -11.1%	1.36%	−0.07
NTRS Northern Trust Corp.	Reduce -31.1%	0.19%	−0.06
GOOGL Alphabet Inc. Class A	Reduce -0.9%	0.61%	−0.06
CVX Chevron Corp.	Reduce -26.2%	1.41%	−0.06
FDX FedEx Corp.	Reduce -20.8%	0.14%	−0.04
MRK Merck & Co. Inc.	Reduce -3.9%	1.18%	−0.03
LHX L3HARRIS Technologies Inc.	Reduce -19.1%	0.27%	−0.03
TFC Truist Financial Corp.	Reduce -13.1%	0.32%	−0.02
IWF iShares Russell 1000 Growth	Reduce -5.1%	0.60%	−0.02
ORCL Oracle Corp.	Reduce -4.6%	0.17%	−0.02
SEE Sealed Air Corp.	Reduce -1.9%	0.21%	−0.01
AYI Acuity Inc.	Reduce -5.8%	0.26%	−0.01
CMCSA Comcast Corp. Class A	Reduce -15.4%	0.17%	−0.01
GIS General Mills Inc.	Reduce -11.1%	0.12%	−0.01
VUG Vanguard Mrngstar GR ETF-Sui	Reduce -4.5%	0.25%	−0.01
BDX Becton Dickinson and Co.	Reduce -13.1%	0.28%	−0.00
IVV iShares Core S&P 500 ETF	Reduce -7.4%	0.28%	−0.00
COST Costco Wholesale Corp.	Reduce -14.1%	0.45%	−0.00
BTI British American Tob-SP ADR	Reduce -21.7%	0.21%	+0.00
PNC PNC Financial Services Group	Reduce -2.2%	0.25%	+0.00
IWM iShares Russell 2000 ETF	Reduce -1.2%	0.32%	+0.00
PFE Pfizer Inc.	Reduce -6.6%	0.73%	+0.00
COP Conocophillips	Reduce -12.0%	0.14%	+0.01

Portfolio Buys Q4 2024 → Q1 2025


VOO Vanguard S&P 500 ETF	Add +2.0%	3.51%	+0.31
GLD SPDR Gold Shares	Add +12.1%	0.69%	+0.23
BMY Bristol-Myers Squibb Co.	Add +1.2%	0.78%	+0.15
EPD Enterprise Products Partners	Add +42.2%	0.34%	+0.14
TJX TJX Companies Inc.	New	0.14%	+0.14
NEM Newmont Corp.	New	0.13%	+0.13
MCD McDonald's Corp.	Add +8.9%	0.53%	+0.13
GSK GSK PLC-Spon ADR	New	0.12%	+0.12
V Visa Inc. Class A	Add +15.7%	0.31%	+0.10
RSP Invesco S&P 500 Equal Weight	Add +10.1%	0.44%	+0.08
NVS Novartis AG-Sponsored ADR	Add +1.4%	0.31%	+0.07
UNH Unitedhealth Group Inc.	Add +4.6%	0.37%	+0.07
QCOM Qualcomm Inc.	Add +1.5%	0.51%	+0.06
META Meta Platforms Inc. Class A	Add +2.0%	0.54%	+0.06
PEP Pepsico Inc.	Add +0.2%	0.56%	+0.06
GILD Gilead Sciences Inc.	Add +0.2%	0.15%	+0.04
C Citigroup Inc.	Add +0.2%	0.32%	+0.04
LMT Lockheed Martin Corp.	Add +0.8%	0.93%	+0.04
WMT Walmart Inc.	Add +0.6%	0.41%	+0.04
DRI Darden Restaurants Inc.	Add +2.4%	0.16%	+0.04
CMI Cummins Inc.	Add +9.6%	0.32%	+0.03
SCCO Southern Copper Corp.	Add +0.7%	0.21%	+0.03
MSOS Advisorshares Pure US Cann	New	0.03%	+0.03
BLK BlackRock Inc.	Add +7.5%	0.18%	+0.02
OHI Omega Healthcare Investors	Add +2.2%	0.13%	+0.02
AVGO Broadcom Inc.	Add +30.6%	0.17%	+0.01
IUSG iShares Core S&P U.S. Growth	Add +0.0%	0.26%	+0.01
ETN Eaton Corp. PLC	Add +1.9%	0.60%	−0.04

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	164	$205.5M	SPY, VOO, MGMT, LLY, MSFT
Q1 2026	160	$188.7M	SPY, VOO, XOM, MSFT, MGMT
Q4 2025	156	$189.3M	MSFT, SPY, VOO, LLY, NVDA
Q3 2025	153	$185.4M	MSFT, SPY, VOO, NVDA, MGMT
Q2 2025	145	$173.2M	MSFT, SPY, VOO, XOM, NVDA
Q1 2025	147	$166.8M	MSFT, SPY, XOM, HD, VOO
Q4 2024	153	$187.9M	MSFT, HD, SPY, MGMT, LLY
Q3 2024	162	$194.0M	MSFT, HD, SPY, LLY, KO
Q2 2024	157	$178.0M	MSFT, LLY, SPY, KO, HD
Q1 2024	167	$180.6M	MSFT, HD, LLY, SPY, KO