First City Capital Management, Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 21, 2025), First City Capital Management, Inc. reported 153 stock positions worth $185.4 million. Its top holding was Microsoft (MSFT) at 5.6% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 4.7%) and Vanguard S&P 500 ETF (VOO, 3.9%). Compared with Q2 2025, it opened 10 new positions, sold out of 2, added to 20 and reduced 60. The biggest buy was a new position in Southstate Bank (SSB) and the biggest sale Coca-Cola (KO, shares −0%).

Most Recent 13F
Q2 2026
Location
SAVANNAH, GA
CIK
0001427350
Portfolio Value
$185.4M (Q3 2025)
SEC Filing
0001427350-25-000005 ↗ filed Oct 21, 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 Q2 2025 Q3 2025: $185.4M $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 · $185.4M
MSFT Microsoft Corp. 5.56% 19,912 $10.3M Reduce -0.2%
SPY SS SPDR S&P 500 ETF Trust-US 4.66% 12,971 $8.6M Reduce -0.0%
VOO Vanguard S&P 500 ETF 3.90% 11,805 $7.2M Add +2.3%
NVDA Nvidia Corp. 3.54% 35,141 $6.6M No change
MGMT Ballast Small/Mid Cap ETF 3.33% 140,158 $6.2M Add +0.4%
ABBV Abbvie Inc. 3.22% 25,799 $6.0M Reduce -0.4%
XOM Exxon Mobil Corp. 3.21% 52,695 $5.9M Add +1.7%
HD Home Depot Inc. 2.90% 13,261 $5.4M Reduce -0.6%
BRK.B Berkshire Hathaway Inc. Class B 2.73% 10,070 $5.1M Reduce -0.8%
JPM JPMorgan Chase & Co. 2.66% 15,623 $4.9M Reduce -3.0%
LLY Eli Lilly & Co. 2.61% 6,340 $4.8M Add +1.5%
KO The Coca-Cola Co. 2.03% 56,742 $3.8M Reduce -0.3%
AMZN Amazon.com Inc. 1.94% 16,376 $3.6M Add +0.1%
AAPL Apple Inc. 1.84% 13,396 $3.4M Reduce -1.2%
RTX RTX Corp. 1.55% 17,157 $2.9M Reduce -0.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.50% 54,009 $2.8M Reduce -0.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.41% 9,245 $2.6M Reduce -5.6%
CVX Chevron Corp. 1.18% 14,026 $2.2M Reduce -1.4%
VZ Verizon Communications Inc. 1.08% 45,474 $2.0M Add +1.4%
JNJ Johnson & Johnson 1.07% 10,742 $2.0M Add +0.7%
PAUG Innovator U.S. Equity Power 1.06% 46,362 $2.0M Reduce -9.3%
SO The Southern Co. 1.04% 20,297 $1.9M Reduce -0.2%
PG The Procter & Gamble Co. 0.97% 11,656 $1.8M Reduce -6.3%
MO Altria Group Inc. 0.95% 26,698 $1.8M Reduce -1.6%
MRK Merck & Co. Inc. 0.90% 19,828 $1.7M Reduce -8.1%
NOC Northrop Grumman Corp. 0.86% 2,608 $1.6M No change
GLD SPDR Gold Shares 0.83% 4,309 $1.5M Add +6.5%
LMT Lockheed Martin Corp. 0.80% 2,965 $1.5M Reduce -14.4%
DEM Wisdomtree Emerging Markets 0.79% 31,827 $1.5M Add +0.4%
ETN Eaton Corp. PLC 0.78% 3,862 $1.4M Add +4.8%
CINF Cincinnati Financial Corp. 0.73% 8,523 $1.3M No change
DUK Duke Energy Corp. 0.72% 10,788 $1.3M No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.71% 2,835 $1.3M No change
PAYX Paychex Inc. 0.71% 10,322 $1.3M Reduce -3.7%
IWF iShares Russell 1000 Growth 0.70% 2,779 $1.3M No change
GOOGL Alphabet Inc. Class A 0.70% 5,340 $1.3M Add +3.7%
WFC Wells Fargo & Co. 0.68% 15,086 $1.3M Reduce -9.3%
PJAN Innovator U.S. Equity Power 0.67% 27,030 $1.2M Reduce -10.5%
CSCO Cisco Systems Inc. 0.64% 17,310 $1.2M No change
META Meta Platforms Inc. Class A 0.62% 1,569 $1.2M Reduce -1.1%
CR Crane Co. 0.57% 5,711 $1.1M No change
LOW Lowe's Cos Inc. 0.55% 4,035 $1.0M No change
PM Philip Morris International 0.55% 6,239 $1.0M Add +3.1%
PFE Pfizer Inc. 0.55% 39,662 $1.0M Reduce -9.2%
HON Honeywell International Inc. 0.52% 4,608 $970K No change
BMY Bristol-Myers Squibb Co. 0.52% 21,297 $960K Reduce -2.0%
AMGN Amgen Inc. 0.52% 3,401 $960K No change
PEP Pepsico Inc. 0.51% 6,775 $951K Reduce -2.4%
T AT&T Inc. 0.50% 32,498 $918K Reduce -3.6%
QCOM Qualcomm Inc. 0.49% 5,514 $917K No change
MDY State Street SPDR S&P Midcap 0.48% 1,482 $883K Add +3.8%
B Barrick Mining Corp. 0.47% 26,612 $872K No change
SRLN SS Blackstone Sr Loan ETF 0.47% 20,835 $866K No change
MCD McDonald's Corp. 0.46% 2,827 $859K Add +0.0%
BSCS Invesco Bulletshares 2028 CB 0.46% 41,450 $853K No change
ABT Abbott Laboratories 0.45% 6,193 $830K Reduce -2.8%
PHO Invesco Water Resources ETF 0.44% 11,335 $817K No change
RIO Rio Tinto PLC-Spon ADR 0.43% 12,160 $803K Reduce -6.3%
MDLZ Mondelez International Inc. Class A 0.43% 12,794 $799K Reduce -1.0%
C Citigroup Inc. 0.42% 7,760 $788K Reduce -0.7%
WMT Walmart Inc. 0.42% 7,623 $786K No change
GOOG Alphabet Inc. Class C 0.42% 3,186 $776K Reduce -0.6%
AVY Avery Dennison Corp. 0.41% 4,730 $767K No change
RSP Invesco S&P 500 Equal Weight 0.41% 4,023 $763K Reduce -7.2%
COST Costco Wholesale Corp. 0.39% 789 $730K No change
MCK McKesson Corp. 0.39% 925 $715K No change
CMI Cummins Inc. 0.37% 1,635 $691K Reduce -1.5%
BSCQ Invesco Bulletshares 2026 CB 0.37% 34,621 $677K No change
FCX Freeport-McMoran Inc. 0.36% 16,946 $665K Reduce -2.3%
TXT Textron Inc. 0.36% 7,840 $662K No change
TFC Truist Financial Corp. 0.35% 14,359 $656K Add +0.1%
MMM 3M Co. 0.35% 4,212 $654K No change
IWM iShares Russell 2000 ETF 0.35% 2,697 $653K Add +3.9%
GS Goldman Sachs Group Inc. 0.35% 818 $651K No change
LHX L3HARRIS Technologies Inc. 0.35% 2,115 $646K No change
JCI Johnson Controls Internation 0.35% 5,869 $645K No change
CB Chubb Ltd. 0.33% 2,150 $607K Reduce -1.0%
AZN Astrazeneca PLC-Spons ADR 0.32% 7,788 $597K Reduce -4.0%
ACWX iShares MSCI Acwi Ex US ETF 0.32% 9,130 $594K Add +10.7%
ORCL Oracle Corp. 0.31% 2,044 $575K No change
BSCU Invesco Bulletshares 2030 CB 0.31% 33,633 $568K No change
NVS Novartis AG-Sponsored ADR 0.31% 4,420 $567K Reduce -4.2%
IUSG iShares Core S&P U.S. Growth 0.31% 3,439 $566K No change
IVV iShares Core S&P 500 ETF 0.30% 835 $559K No change
AYI Acuity Inc. 0.30% 1,613 $556K No change
SNY Sanofi-ADR 0.30% 11,620 $548K Reduce -7.9%
GPC Genuine Parts Co. 0.29% 3,883 $538K No change
AVGO Broadcom Inc. 0.29% 1,621 $535K Reduce -5.9%
CCJ Cameco Corp. 0.29% 6,350 $533K Reduce -4.5%
IAU iShares Gold Trust 0.28% 7,243 $527K No change
EPD Enterprise Products Partners 0.28% 16,541 $517K No change
SLYG SS SPDR S&P 600 SC GR ETF 0.28% 5,448 $514K No change
DOV Dover Corp. 0.27% 3,038 $507K Reduce -3.2%
V Visa Inc. Class A 0.27% 1,473 $503K No change
BKLN Invesco Senior Loan ETF 0.27% 23,853 $499K No change
ITW Illinois Tool Works 0.27% 1,909 $498K No change
NSC Norfolk Southern Corp. 0.26% 1,630 $490K No change
TT Trane Technologies PLC 0.26% 1,143 $482K Reduce -3.9%
KKR KKR & Co. Inc. 0.26% 3,671 $477K No change
SSB Southstate Bank Corp. 0.26% 4,801 $475K Reduce -1.3%
SSB Southstate Bank Corp. 0.26% 4,801 $475K New
DGRO iShares Core Dividend Growth 0.25% 6,929 $472K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.25% 983 $471K Reduce -4.5%
KJAN Innovator U.S. Small Cap Pow 0.25% 11,670 $471K No change
IYW iShares Ustechnology ETF 0.25% 2,400 $470K No change
NOBL Proshares S&P 500 Dividend A 0.25% 4,490 $463K Reduce -8.2%
SCCO Southern Copper Corp. 0.25% 3,779 $459K Add +1.0%
UNH Unitedhealth Group Inc. 0.25% 1,321 $456K Add +13.3%
UNP Union Pacific Corp. 0.24% 1,891 $447K Reduce -3.8%
BTI British American Tob-SP ADR 0.24% 8,290 $440K No change
GE General Electric filed as GE AEROSPACE 0.24% 1,460 $439K Reduce -0.3%
KLAC KLA Corp. 0.23% 402 $434K Add +1.0%
CP Canadian Pacific Kansas City 0.23% 5,710 $425K No change
NTRS Northern Trust Corp. 0.23% 3,145 $423K No change
NEM Newmont Corp. 0.23% 4,950 $417K No change
VXUS Vanguard Total Intl Stock 0.22% 5,640 $414K No change
GDX Vaneck Gold Miners ETF 0.22% 5,405 $413K New
CARR Carrier Global Corp. 0.22% 6,779 $405K Reduce -0.5%
PNC PNC Financial Services Group 0.22% 2,012 $404K Reduce -9.7%
CL Colgate-Palmolive Co. 0.22% 5,020 $401K Reduce -0.8%
SEE Sealed Air Corp. 0.21% 10,890 $385K Reduce -7.6%
IBIT iShares Bitcoin Trust ETF 0.21% 5,876 $382K New
BDX Becton Dickinson and Co. 0.20% 1,997 $374K Reduce -1.7%
TSLA Tesla Inc. 0.20% 834 $371K Reduce -18.5%
VONG Vanguard Russell 1000 Growth 0.18% 2,744 $331K No change
IDEC Inno Int Dev Power Buff Dec 0.18% 10,595 $329K No change
BLK BlackRock Inc. 0.17% 273 $318K Reduce -13.3%
PDP Invesco Dorsey Wright Moment 0.16% 2,585 $305K No change
CVS CVS Health Corp. 0.16% 3,961 $299K Reduce -13.9%
PMAR Innovator U.S. Equity Power 0.16% 6,750 $296K No change
LIN Linde PLC 0.15% 600 $285K No change
MDT Medtronic PLC 0.15% 2,985 $284K Reduce -22.4%
CXT Crane NXT Co. 0.15% 4,230 $284K No change
NEE Nextera Energy Inc. 0.15% 3,742 $282K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.15% 1,900 $275K No change
UBS UBS Group AG-Reg 0.14% 6,469 $265K Reduce -0.4%
IJK iShares S&P Mid-Cap 400 Grow 0.14% 2,732 $262K No change
GILD Gilead Sciences Inc. 0.14% 2,275 $253K Reduce -0.9%
AXP American Express Co. 0.13% 740 $246K No change
DRI Darden Restaurants Inc. 0.13% 1,280 $244K No change
VIG Vanguard Dividend Apprec ETF 0.13% 1,125 $243K No change
OHI Omega Healthcare Investors 0.13% 5,684 $240K Reduce -3.4%
NFLX Netflix Inc. 0.12% 192 $230K No change
WYNN WYNN Resorts Ltd. 0.12% 1,784 $229K New
CMCSA Comcast Corp. Class A 0.12% 7,251 $228K Reduce -3.5%
FXI iShares China Large-Cap ETF 0.12% 5,365 $221K New
IJJ iShares S&P Mid-Cap 400 Valu 0.12% 1,690 $219K No change
TSM Taiwan Semiconductor-SP ADR 0.12% 781 $218K New
GEV GE Vernova Inc. 0.12% 351 $216K New
CADE Cadence Bank 0.11% 5,519 $207K New
PDEC Innovator U.S. Equity Power 0.11% 4,925 $207K New
IWD iShares Russell 1000 Value E 0.11% 1,000 $204K New
MQY BlackRock Muniyield Quality 0.07% 10,548 $123K No change

Portfolio Sells Q2 2025 → Q3 2025
KO The Coca-Cola Co. Reduce -0.3% 2.03% −0.29
IBM Intl Business Machines Corp. Reduce -5.6% 1.41% −0.26
WHR Whirlpool Corp. Sold out 0.00% −0.24
PAYX Paychex Inc. Reduce -3.7% 0.71% −0.19
PG The Procter & Gamble Co. Reduce -6.3% 0.97% −0.18
MSFT Microsoft Corp. Reduce -0.2% 5.56% −0.16
PAUG Innovator U.S. Equity Power Reduce -9.3% 1.06% −0.13
LMT Lockheed Martin Corp. Reduce -14.4% 0.80% −0.13
GSK GSK PLC-Spon ADR Sold out 0.00% −0.12
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.8% 2.73% −0.11
PJAN Innovator U.S. Equity Power Reduce -10.5% 0.67% −0.10
MRK Merck & Co. Inc. Reduce -8.1% 0.90% −0.09
WFC Wells Fargo & Co. Reduce -9.3% 0.68% −0.09
FCX Freeport-McMoran Inc. Reduce -2.3% 0.36% −0.08
MDLZ Mondelez International Inc. Class A Reduce -1.0% 0.43% −0.07
CARR Carrier Global Corp. Reduce -0.5% 0.22% −0.07
T AT&T Inc. Reduce -3.6% 0.50% −0.07
PFE Pfizer Inc. Reduce -9.2% 0.55% −0.07
BMY Bristol-Myers Squibb Co. Reduce -2.0% 0.52% −0.06
DOV Dover Corp. Reduce -3.2% 0.27% −0.06
SNY Sanofi-ADR Reduce -7.9% 0.30% −0.06
META Meta Platforms Inc. Class A Reduce -1.1% 0.62% −0.05
ABT Abbott Laboratories Reduce -2.8% 0.45% −0.05
CL Colgate-Palmolive Co. Reduce -0.8% 0.22% −0.05
RSP Invesco S&P 500 Equal Weight Reduce -7.2% 0.41% −0.04
MDT Medtronic PLC Reduce -22.4% 0.15% −0.04
TT Trane Technologies PLC Reduce -3.9% 0.26% −0.04
SO The Southern Co. Reduce -0.2% 1.04% −0.04
JPM JPMorgan Chase & Co. Reduce -3.0% 2.66% −0.04
CB Chubb Ltd. Reduce -1.0% 0.33% −0.04
NOBL Proshares S&P 500 Dividend A Reduce -8.2% 0.25% −0.03
CMCSA Comcast Corp. Class A Reduce -3.5% 0.12% −0.03
CVS CVS Health Corp. Reduce -13.9% 0.16% −0.02
PNC PNC Financial Services Group Reduce -9.7% 0.22% −0.02
UNP Union Pacific Corp. Reduce -3.8% 0.24% −0.02
BLK BlackRock Inc. Reduce -13.3% 0.17% −0.02
NVS Novartis AG-Sponsored ADR Reduce -4.2% 0.31% −0.02
PEP Pepsico Inc. Reduce -2.4% 0.51% −0.02
GILD Gilead Sciences Inc. Reduce -0.9% 0.14% −0.01
VUG Vanguard Mrngstar GR ETF-Sui Reduce -4.5% 0.25% −0.01
AZN Astrazeneca PLC-Spons ADR Reduce -4.0% 0.32% −0.00
RIO Rio Tinto PLC-Spon ADR Reduce -6.3% 0.43% −0.00
SEE Sealed Air Corp. Reduce -7.6% 0.21% −0.00
SSB Southstate Bank Corp. Reduce -1.3% 0.26% −0.00
BDX Becton Dickinson and Co. Reduce -1.7% 0.20% −0.00
CVX Chevron Corp. Reduce -1.4% 1.18% −0.00
CCJ Cameco Corp. Reduce -4.5% 0.29% +0.00
OHI Omega Healthcare Investors Reduce -3.4% 0.13% +0.01
TSLA Tesla Inc. Reduce -18.5% 0.20% +0.01
AVGO Broadcom Inc. Reduce -5.9% 0.29% +0.01

Portfolio Buys Q2 2025 → Q3 2025
SSB Southstate Bank Corp. New 0.26% +0.26
GDX Vaneck Gold Miners ETF New 0.22% +0.22
IBIT iShares Bitcoin Trust ETF New 0.21% +0.21
GOOGL Alphabet Inc. Class A Add +3.7% 0.70% +0.18
MGMT Ballast Small/Mid Cap ETF Add +0.4% 3.33% +0.15
JNJ Johnson & Johnson Add +0.7% 1.07% +0.13
WYNN WYNN Resorts Ltd. New 0.12% +0.12
FXI iShares China Large-Cap ETF New 0.12% +0.12
TSM Taiwan Semiconductor-SP ADR New 0.12% +0.12
VOO Vanguard S&P 500 ETF Add +2.3% 3.90% +0.12
GEV GE Vernova Inc. New 0.12% +0.12
GLD SPDR Gold Shares Add +6.5% 0.83% +0.11
CADE Cadence Bank New 0.11% +0.11
PDEC Innovator U.S. Equity Power New 0.11% +0.11
IWD iShares Russell 1000 Value E New 0.11% +0.11
UNH Unitedhealth Group Inc. Add +13.3% 0.25% +0.04
ACWX iShares MSCI Acwi Ex US ETF Add +10.7% 0.32% +0.03
SCCO Southern Copper Corp. Add +1.0% 0.25% +0.03
IWM iShares Russell 2000 ETF Add +3.9% 0.35% +0.03
KLAC KLA Corp. Add +1.0% 0.23% +0.03
ETN Eaton Corp. PLC Add +4.8% 0.78% +0.02
MDY State Street SPDR S&P Midcap Add +3.8% 0.48% +0.01
TFC Truist Financial Corp. Add +0.1% 0.35% −0.00
MCD McDonald's Corp. Add +0.0% 0.46% −0.01
XOM Exxon Mobil Corp. Add +1.7% 3.21% −0.02
DEM Wisdomtree Emerging Markets Add +0.4% 0.79% −0.04
VZ Verizon Communications Inc. Add +1.4% 1.08% −0.04
PM Philip Morris International Add +3.1% 0.55% −0.09
AMZN Amazon.com Inc. Add +0.1% 1.94% −0.13
LLY Eli Lilly & Co. Add +1.5% 2.61% −0.20

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