First City Capital Management, Inc.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 15, 2025), First City Capital Management, Inc. reported 145 stock positions worth $173.2 million. Its top holding was Microsoft (MSFT) at 5.7% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 4.6%) and Vanguard S&P 500 ETF (VOO, 3.8%). Compared with Q1 2025, it opened 3 new positions, sold out of 5, added to 38 and reduced 61. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +1%) and the biggest sale Home Depot (HD, shares −18%).

Most Recent 13F
Q2 2026
Location
SAVANNAH, GA
CIK
0001427350
Portfolio Value
$173.2M (Q2 2025)
SEC Filing
0001427350-25-000003 ↗ filed Jul 15, 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 Q4 2024 Q1 2025: $166.8M Q1 2025 Q2 2025: $173.2M $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 145 stocks · $173.2M
MSFT Microsoft Corp. 5.73% 19,950 $9.9M Reduce -0.9%
SPY SS SPDR S&P 500 ETF Trust-US 4.63% 12,974 $8.0M Reduce -0.1%
VOO Vanguard S&P 500 ETF 3.78% 11,537 $6.6M Add +1.4%
XOM Exxon Mobil Corp. 3.22% 51,802 $5.6M Add +1.4%
NVDA Nvidia Corp. 3.20% 35,141 $5.6M Reduce -1.0%
MGMT Ballast Small/Mid Cap ETF 3.18% 139,653 $5.5M Reduce -1.5%
BRK.B Berkshire Hathaway Inc. Class B 2.84% 10,146 $4.9M Add +0.0%
HD Home Depot Inc. 2.82% 13,345 $4.9M Reduce -18.2%
LLY Eli Lilly & Co. 2.81% 6,244 $4.9M Reduce -1.4%
ABBV Abbvie Inc. 2.78% 25,911 $4.8M Add +1.6%
JPM JPMorgan Chase & Co. 2.70% 16,110 $4.7M Reduce -1.0%
KO The Coca-Cola Co. 2.32% 56,929 $4.0M Add +1.2%
AMZN Amazon.com Inc. 2.07% 16,351 $3.6M Reduce -0.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.67% 9,796 $2.9M Add +0.4%
AAPL Apple Inc. 1.61% 13,558 $2.8M Reduce -19.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.48% 54,143 $2.6M Reduce -0.5%
RTX RTX Corp. 1.46% 17,275 $2.5M Add +0.2%
PAUG Innovator U.S. Equity Power 1.19% 51,132 $2.1M Reduce -0.6%
CVX Chevron Corp. 1.18% 14,219 $2.0M Add +1.2%
PG The Procter & Gamble Co. 1.14% 12,434 $2.0M Reduce -0.6%
VZ Verizon Communications Inc. 1.12% 44,851 $1.9M Add +0.6%
SO The Southern Co. 1.08% 20,332 $1.9M Add +2.9%
MRK Merck & Co. Inc. 0.99% 21,565 $1.7M Reduce -1.6%
JNJ Johnson & Johnson 0.94% 10,669 $1.6M Add +2.4%
LMT Lockheed Martin Corp. 0.93% 3,465 $1.6M No change
MO Altria Group Inc. 0.92% 27,138 $1.6M Reduce -0.1%
PAYX Paychex Inc. 0.90% 10,722 $1.6M No change
DEM Wisdomtree Emerging Markets 0.83% 31,697 $1.4M Reduce -1.7%
WFC Wells Fargo & Co. 0.77% 16,626 $1.3M Reduce -0.1%
PJAN Innovator U.S. Equity Power 0.77% 30,200 $1.3M No change
ETN Eaton Corp. PLC 0.76% 3,687 $1.3M No change
NOC Northrop Grumman Corp. 0.75% 2,608 $1.3M No change
DUK Duke Energy Corp. 0.73% 10,788 $1.3M Reduce -0.6%
CINF Cincinnati Financial Corp. 0.73% 8,523 $1.3M No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.72% 2,835 $1.2M Add +0.0%
GLD SPDR Gold Shares 0.71% 4,044 $1.2M Add +1.1%
CSCO Cisco Systems Inc. 0.69% 17,310 $1.2M Add +0.1%
IWF iShares Russell 1000 Growth 0.68% 2,779 $1.2M No change
META Meta Platforms Inc. Class A 0.68% 1,586 $1.2M Add +1.5%
PM Philip Morris International 0.64% 6,054 $1.1M Add +8.2%
CR Crane Co. 0.63% 5,711 $1.1M No change
HON Honeywell International Inc. 0.62% 4,608 $1.1M Reduce -3.7%
PFE Pfizer Inc. 0.61% 43,700 $1.1M Reduce -9.0%
BMY Bristol-Myers Squibb Co. 0.58% 21,722 $1.0M Add +1.4%
T AT&T Inc. 0.56% 33,702 $975K Add +6.7%
AMGN Amgen Inc. 0.55% 3,401 $950K No change
PEP Pepsico Inc. 0.53% 6,943 $917K Add +11.3%
GOOGL Alphabet Inc. Class A 0.52% 5,150 $908K Reduce -21.9%
LOW Lowe's Cos Inc. 0.52% 4,035 $895K Reduce -15.6%
QCOM Qualcomm Inc. 0.51% 5,514 $878K Reduce -1.3%
MDLZ Mondelez International Inc. Class A 0.50% 12,924 $872K Reduce -0.6%
SRLN SS Blackstone Sr Loan ETF 0.50% 20,835 $867K Reduce -0.8%
ABT Abbott Laboratories 0.50% 6,369 $866K Add +2.1%
BSCS Invesco Bulletshares 2028 CB 0.49% 41,450 $849K Reduce -1.3%
AVY Avery Dennison Corp. 0.48% 4,730 $830K No change
MCD McDonald's Corp. 0.48% 2,826 $826K Reduce -0.5%
MDY State Street SPDR S&P Midcap 0.47% 1,428 $809K Add +1.9%
PHO Invesco Water Resources ETF 0.46% 11,335 $792K No change
RSP Invesco S&P 500 Equal Weight 0.45% 4,336 $788K Add +3.1%
COST Costco Wholesale Corp. 0.45% 789 $781K No change
RIO Rio Tinto PLC-Spon ADR 0.44% 12,982 $757K Reduce -3.7%
FCX Freeport-McMoran Inc. 0.43% 17,346 $752K Add +4.1%
WMT Walmart Inc. 0.43% 7,623 $745K Reduce -0.9%
MCK McKesson Corp. 0.39% 925 $678K No change
BSCQ Invesco Bulletshares 2026 CB 0.39% 34,621 $676K Reduce -0.9%
C Citigroup Inc. 0.38% 7,815 $665K Add +3.3%
MMM 3M Co. 0.37% 4,212 $641K Reduce -0.3%
TXT Textron Inc. 0.36% 7,840 $629K Reduce -5.1%
CB Chubb Ltd. 0.36% 2,172 $629K Reduce -0.7%
JCI Johnson Controls Internation 0.36% 5,869 $620K Reduce -6.0%
TFC Truist Financial Corp. 0.36% 14,346 $617K Add +9.3%
SNY Sanofi-ADR 0.35% 12,620 $610K No change
GS Goldman Sachs Group Inc. 0.33% 818 $579K Add +0.4%
DOV Dover Corp. 0.33% 3,138 $575K Reduce -3.1%
GOOG Alphabet Inc. Class C 0.33% 3,206 $569K Reduce -0.6%
AZN Astrazeneca PLC-Spons ADR 0.33% 8,113 $567K No change
BSCU Invesco Bulletshares 2030 CB 0.33% 33,633 $564K Reduce -1.0%
IWM iShares Russell 2000 ETF 0.32% 2,597 $560K Reduce -4.3%
NVS Novartis AG-Sponsored ADR 0.32% 4,614 $558K Reduce -1.6%
B Barrick Mining Corp. 0.32% 26,612 $554K Add +1.9%
CMI Cummins Inc. 0.31% 1,660 $544K Reduce -2.9%
LHX L3HARRIS Technologies Inc. 0.31% 2,115 $531K No change
V Visa Inc. Class A 0.30% 1,473 $523K No change
TT Trane Technologies PLC 0.30% 1,189 $520K Reduce -2.1%
IVV iShares Core S&P 500 ETF 0.30% 835 $518K No change
IUSG iShares Core S&P U.S. Growth 0.30% 3,439 $517K No change
EPD Enterprise Products Partners 0.30% 16,541 $513K Add +0.8%
ACWX iShares MSCI Acwi Ex US ETF 0.29% 8,250 $503K Add +1.2%
BKLN Invesco Senior Loan ETF 0.29% 23,853 $499K Reduce -0.2%
CARR Carrier Global Corp. 0.29% 6,812 $499K No change
CCJ Cameco Corp. 0.28% 6,650 $494K No change
NOBL Proshares S&P 500 Dividend A 0.28% 4,890 $492K Add +5.7%
KKR KKR & Co. Inc. 0.28% 3,671 $488K Reduce -6.5%
SLYG SS SPDR S&P 600 SC GR ETF 0.28% 5,448 $484K Reduce -1.8%
AYI Acuity Inc. 0.28% 1,613 $481K Reduce -1.2%
AVGO Broadcom Inc. 0.27% 1,723 $475K Reduce -0.4%
ITW Illinois Tool Works 0.27% 1,909 $472K Reduce -4.4%
GPC Genuine Parts Co. 0.27% 3,883 $471K Reduce -9.4%
CL Colgate-Palmolive Co. 0.27% 5,062 $460K Add +25.9%
CP Canadian Pacific Kansas City 0.26% 5,710 $453K Reduce -1.3%
UNP Union Pacific Corp. 0.26% 1,966 $452K Reduce -3.2%
IAU iShares Gold Trust 0.26% 7,243 $452K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.26% 1,029 $451K Reduce -9.1%
SSB Southstate Bank Corp. 0.26% 4,866 $448K Add +1.4%
ORCL Oracle Corp. 0.26% 2,044 $447K Reduce -1.6%
DGRO iShares Core Dividend Growth 0.26% 6,929 $443K No change
KJAN Innovator U.S. Small Cap Pow 0.25% 11,670 $437K No change
NSC Norfolk Southern Corp. 0.24% 1,630 $417K No change
IYW iShares Ustechnology ETF 0.24% 2,400 $416K No change
PNC PNC Financial Services Group 0.24% 2,227 $415K Reduce -7.7%
WHR Whirlpool Corp. 0.24% 4,035 $409K New
NTRS Northern Trust Corp. 0.23% 3,145 $399K No change
BTI British American Tob-SP ADR 0.23% 8,290 $392K No change
VXUS Vanguard Total Intl Stock 0.22% 5,640 $390K Add +0.5%
SCCO Southern Copper Corp. 0.22% 3,743 $379K Add +1.0%
GE General Electric filed as GE AEROSPACE 0.22% 1,465 $377K Add +0.3%
SEE Sealed Air Corp. 0.21% 11,790 $366K Reduce -1.7%
UNH Unitedhealth Group Inc. 0.21% 1,166 $364K Reduce -1.4%
KLAC KLA Corp. 0.21% 398 $357K Add +4.2%
BDX Becton Dickinson and Co. 0.20% 2,031 $350K Reduce -1.2%
MDT Medtronic PLC 0.19% 3,848 $335K Reduce -3.8%
BLK BlackRock Inc. 0.19% 315 $331K No change
TSLA Tesla Inc. 0.19% 1,023 $325K New
IDEC Inno Int Dev Power Buff Dec 0.18% 10,595 $318K No change
CVS CVS Health Corp. 0.18% 4,599 $317K Reduce -4.1%
VONG Vanguard Russell 1000 Growth 0.17% 2,744 $300K No change
NEM Newmont Corp. 0.17% 4,950 $288K Add +8.8%
PMAR Innovator U.S. Equity Power 0.16% 6,750 $285K No change
LIN Linde PLC 0.16% 600 $282K No change
PDP Invesco Dorsey Wright Moment 0.16% 2,585 $281K No change
DRI Darden Restaurants Inc. 0.16% 1,280 $279K No change
CMCSA Comcast Corp. Class A 0.15% 7,511 $268K Reduce -2.0%
NEE Nextera Energy Inc. 0.15% 3,742 $260K No change
NFLX Netflix Inc. 0.15% 192 $257K New
GILD Gilead Sciences Inc. 0.15% 2,296 $255K No change
IJK iShares S&P Mid-Cap 400 Grow 0.14% 2,732 $249K No change
AXP American Express Co. 0.14% 740 $236K Reduce -2.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.14% 1,900 $235K No change
VIG Vanguard Dividend Apprec ETF 0.13% 1,125 $230K Reduce -1.3%
CXT Crane NXT Co. 0.13% 4,230 $228K No change
UBS UBS Group AG-Reg 0.13% 6,494 $220K Reduce -5.6%
OHI Omega Healthcare Investors 0.12% 5,884 $216K No change
IJJ iShares S&P Mid-Cap 400 Valu 0.12% 1,690 $209K No change
GSK GSK PLC-Spon ADR 0.12% 5,234 $201K Add +0.2%
MQY BlackRock Muniyield Quality 0.07% 10,548 $117K No change

Portfolio Sells Q1 2025 → Q2 2025
HD Home Depot Inc. Reduce -18.2% 2.82% −0.76
AAPL Apple Inc. Reduce -19.1% 1.61% −0.63
LLY Eli Lilly & Co. Reduce -1.4% 2.81% −0.33
MRK Merck & Co. Inc. Reduce -1.6% 0.99% −0.19
UNH Unitedhealth Group Inc. Reduce -1.4% 0.21% −0.16
LOW Lowe's Cos Inc. Reduce -15.6% 0.52% −0.15
VTI VG Morningstar TS MKT ETF-US Sold out 0.00% −0.15
FDX FedEx Corp. Sold out 0.00% −0.14
COP Conocophillips Sold out 0.00% −0.14
PG The Procter & Gamble Co. Reduce -0.6% 1.14% −0.14
GIS General Mills Inc. Sold out 0.00% −0.12
PFE Pfizer Inc. Reduce -9.0% 0.61% −0.12
MGMT Ballast Small/Mid Cap ETF Reduce -1.5% 3.18% −0.10
GOOGL Alphabet Inc. Class A Reduce -21.9% 0.52% −0.09
BDX Becton Dickinson and Co. Reduce -1.2% 0.20% −0.08
MO Altria Group Inc. Reduce -0.1% 0.92% −0.06
DUK Duke Energy Corp. Reduce -0.6% 0.73% −0.06
MCD McDonald's Corp. Reduce -0.5% 0.48% −0.06
RIO Rio Tinto PLC-Spon ADR Reduce -3.7% 0.44% −0.05
GPC Genuine Parts Co. Reduce -9.4% 0.27% −0.03
CB Chubb Ltd. Reduce -0.7% 0.36% −0.03
UNP Union Pacific Corp. Reduce -3.2% 0.26% −0.03
MDLZ Mondelez International Inc. Class A Reduce -0.6% 0.50% −0.03
MSOS Advisorshares Pure US Cann Sold out 0.00% −0.03
ITW Illinois Tool Works Reduce -4.4% 0.27% −0.02
BSCS Invesco Bulletshares 2028 CB Reduce -1.3% 0.49% −0.02
MDT Medtronic PLC Reduce -3.8% 0.19% −0.02
SRLN SS Blackstone Sr Loan ETF Reduce -0.8% 0.50% −0.02
BSCQ Invesco Bulletshares 2026 CB Reduce -0.9% 0.39% −0.02
CMCSA Comcast Corp. Class A Reduce -2.0% 0.15% −0.01
PNC PNC Financial Services Group Reduce -7.7% 0.24% −0.01
BSCU Invesco Bulletshares 2030 CB Reduce -1.0% 0.33% −0.01
CVS CVS Health Corp. Reduce -4.1% 0.18% −0.01
DOV Dover Corp. Reduce -3.1% 0.33% −0.01
BKLN Invesco Senior Loan ETF Reduce -0.2% 0.29% −0.01
QCOM Qualcomm Inc. Reduce -1.3% 0.51% −0.01
CMI Cummins Inc. Reduce -2.9% 0.31% −0.01
MMM 3M Co. Reduce -0.3% 0.37% −0.00
IWM iShares Russell 2000 ETF Reduce -4.3% 0.32% −0.00
VIG Vanguard Dividend Apprec ETF Reduce -1.3% 0.13% +0.00
UBS UBS Group AG-Reg Reduce -5.6% 0.13% +0.00
SLYG SS SPDR S&P 600 SC GR ETF Reduce -1.8% 0.28% +0.00
SEE Sealed Air Corp. Reduce -1.7% 0.21% +0.00
TXT Textron Inc. Reduce -5.1% 0.36% +0.01
VUG Vanguard Mrngstar GR ETF-Sui Reduce -9.1% 0.26% +0.01
NVS Novartis AG-Sponsored ADR Reduce -1.6% 0.32% +0.01
KKR KKR & Co. Inc. Reduce -6.5% 0.28% +0.01
HON Honeywell International Inc. Reduce -3.7% 0.62% +0.01
AXP American Express Co. Reduce -2.3% 0.14% +0.01
DEM Wisdomtree Emerging Markets Reduce -1.7% 0.83% +0.01

Portfolio Buys Q1 2025 → Q2 2025
VOO Vanguard S&P 500 ETF Add +1.4% 3.78% +0.28
WHR Whirlpool Corp. New 0.24% +0.24
IBM Intl Business Machines Corp. Add +0.4% 1.67% +0.21
TSLA Tesla Inc. New 0.19% +0.19
NFLX Netflix Inc. New 0.15% +0.15
META Meta Platforms Inc. Class A Add +1.5% 0.68% +0.14
PM Philip Morris International Add +8.2% 0.64% +0.10
RTX RTX Corp. Add +0.2% 1.46% +0.09
GS Goldman Sachs Group Inc. Add +0.4% 0.33% +0.07
C Citigroup Inc. Add +3.3% 0.38% +0.06
FCX Freeport-McMoran Inc. Add +4.1% 0.43% +0.06
CSCO Cisco Systems Inc. Add +0.1% 0.69% +0.05
KLAC KLA Corp. Add +4.2% 0.21% +0.05
GE General Electric Add +0.3% 0.22% +0.04
CL Colgate-Palmolive Co. Add +25.9% 0.27% +0.04
NEM Newmont Corp. Add +8.8% 0.17% +0.03
TFC Truist Financial Corp. Add +9.3% 0.36% +0.03
T AT&T Inc. Add +6.7% 0.56% +0.03
GLD SPDR Gold Shares Add +1.1% 0.71% +0.02
ACWX iShares MSCI Acwi Ex US ETF Add +1.2% 0.29% +0.02
MDY State Street SPDR S&P Midcap Add +1.9% 0.47% +0.02
RSP Invesco S&P 500 Equal Weight Add +3.1% 0.45% +0.02
VXUS Vanguard Total Intl Stock Add +0.5% 0.22% +0.02
B Barrick Mining Corp. Add +1.9% 0.32% +0.02
SCCO Southern Copper Corp. Add +1.0% 0.22% +0.01
DIA SS SPDR Dow Jones Indus Avg Add +0.0% 0.72% +0.01
ABT Abbott Laboratories Add +2.1% 0.50% +0.00
NOBL Proshares S&P 500 Dividend A Add +5.7% 0.28% +0.00
GSK GSK PLC-Spon ADR Add +0.2% 0.12% −0.01
SSB Southstate Bank Corp. Add +1.4% 0.26% −0.01
SO The Southern Co. Add +2.9% 1.08% −0.01
PEP Pepsico Inc. Add +11.3% 0.53% −0.03
EPD Enterprise Products Partners Add +0.8% 0.30% −0.04
KO The Coca-Cola Co. Add +1.2% 2.32% −0.09
VZ Verizon Communications Inc. Add +0.6% 1.12% −0.09
JNJ Johnson & Johnson Add +2.4% 0.94% −0.10
BMY Bristol-Myers Squibb Co. Add +1.4% 0.58% −0.20
CVX Chevron Corp. Add +1.2% 1.18% −0.23
BRK.B Berkshire Hathaway Inc. Class B Add +0.0% 2.84% −0.39
XOM Exxon Mobil Corp. Add +1.4% 3.22% −0.42
ABBV Abbvie Inc. Add +1.6% 2.78% −0.43

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