First City Capital Management, Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 14, 2026), First City Capital Management, Inc. reported 156 stock positions worth $189.3 million. Its top holding was Microsoft (MSFT) at 5.0% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 4.7%) and Vanguard S&P 500 ETF (VOO, 4.2%). Compared with Q3 2025, it opened 7 new positions, sold out of 4, added to 27 and reduced 78. The biggest buy was Innovator U.S. Equity Power (PDEC, shares +356%) and the biggest sale Microsoft (MSFT, shares −2%).

Most Recent 13F
Q2 2026
Location
SAVANNAH, GA
CIK
0001427350
Portfolio Value
$189.3M (Q4 2025)
SEC Filing
0001427350-26-000001 ↗ filed Jan 14, 2026

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 Q3 2025 Q4 2025: $189.3M $189.3M Q4 2025 Q1 2026: $188.7M Q1 2026 Q2 2026: $205.5M Q2 2026

Holdings 156 stocks · $189.3M
MSFT Microsoft Corp. 5.01% 19,590 $9.5M Reduce -1.6%
SPY SS SPDR S&P 500 ETF Trust-US 4.66% 12,941 $8.8M Reduce -0.2%
VOO Vanguard S&P 500 ETF 4.21% 12,718 $8.0M Add +7.7%
LLY Eli Lilly & Co. 3.52% 6,198 $6.7M Reduce -2.2%
NVDA Nvidia Corp. 3.41% 34,611 $6.5M Reduce -1.5%
MGMT Ballast Small/Mid Cap ETF 3.40% 145,021 $6.4M Add +3.5%
XOM Exxon Mobil Corp. 3.37% 52,934 $6.4M Add +0.5%
ABBV Abbvie Inc. 3.03% 25,089 $5.7M Reduce -2.8%
JPM JPMorgan Chase & Co. 2.55% 14,953 $4.8M Reduce -4.3%
BRK.B Berkshire Hathaway Inc. Class B 2.50% 9,398 $4.7M Reduce -6.7%
HD Home Depot Inc. 2.39% 13,159 $4.5M Reduce -0.8%
KO The Coca-Cola Co. 2.09% 56,611 $4.0M Reduce -0.2%
AAPL Apple Inc. 1.92% 13,348 $3.6M Reduce -0.4%
RTX RTX Corp. 1.57% 16,188 $3.0M Reduce -5.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.57% 53,929 $3.0M Reduce -0.1%
AMZN Amazon.com Inc. 1.48% 12,162 $2.8M Reduce -25.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.42% 9,050 $2.7M Reduce -2.1%
CVX Chevron Corp. 1.34% 16,702 $2.5M Add +19.1%
JNJ Johnson & Johnson 1.17% 10,662 $2.2M Reduce -0.7%
MRK Merck & Co. Inc. 1.09% 19,553 $2.1M Reduce -1.4%
PAUG Innovator U.S. Equity Power 1.05% 45,872 $2.0M Reduce -1.1%
VZ Verizon Communications Inc. 1.03% 48,055 $2.0M Add +5.7%
SO The Southern Co. 0.93% 20,289 $1.8M Reduce -0.0%
GLD SPDR Gold Shares 0.89% 4,234 $1.7M Reduce -1.7%
GOOGL Alphabet Inc. Class A 0.86% 5,188 $1.6M Reduce -2.9%
DEM Wisdomtree Emerging Markets 0.81% 32,977 $1.5M Add +3.6%
MO Altria Group Inc. 0.80% 26,238 $1.5M Reduce -1.7%
PG The Procter & Gamble Co. 0.80% 10,517 $1.5M Reduce -9.8%
LMT Lockheed Martin Corp. 0.75% 2,940 $1.4M Reduce -0.8%
CSCO Cisco Systems Inc. 0.75% 18,409 $1.4M Add +6.3%
CINF Cincinnati Financial Corp. 0.73% 8,473 $1.4M Reduce -0.6%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.72% 2,836 $1.4M Add +0.0%
PJAN Innovator U.S. Equity Power 0.72% 28,820 $1.4M Add +6.6%
IWF iShares Russell 1000 Growth 0.68% 2,704 $1.3M Reduce -2.7%
DUK Duke Energy Corp. 0.65% 10,493 $1.2M Reduce -2.7%
PEP Pepsico Inc. 0.62% 8,170 $1.2M Add +20.6%
MDY State Street SPDR S&P Midcap 0.61% 1,910 $1.2M Add +28.9%
B Barrick Mining Corp. 0.61% 26,312 $1.1M Reduce -1.1%
NOC Northrop Grumman Corp. 0.60% 2,008 $1.1M Reduce -23.0%
AMGN Amgen Inc. 0.58% 3,326 $1.1M Reduce -2.2%
WFC Wells Fargo & Co. 0.57% 11,561 $1.1M Reduce -23.4%
ETN Eaton Corp. PLC 0.56% 3,332 $1.1M Reduce -13.7%
BMY Bristol-Myers Squibb Co. 0.56% 19,615 $1.1M Reduce -7.9%
PM Philip Morris International 0.55% 6,544 $1.0M Add +4.9%
PAYX Paychex Inc. 0.55% 9,262 $1.0M Reduce -10.3%
CR Crane Co. 0.53% 5,446 $1.0M Reduce -4.6%
RSP Invesco S&P 500 Equal Weight 0.53% 5,221 $1.0M Add +29.8%
LOW Lowe's Cos Inc. 0.52% 4,104 $990K Add +1.7%
GOOG Alphabet Inc. Class C 0.52% 3,146 $987K Reduce -1.3%
PDEC Innovator U.S. Equity Power 0.52% 22,480 $975K Add +356.4%
RIO Rio Tinto PLC-Spon ADR 0.51% 12,160 $973K No change
META Meta Platforms Inc. Class A 0.51% 1,458 $962K Reduce -7.1%
QCOM Qualcomm Inc. 0.49% 5,424 $928K Reduce -1.6%
NOBL Proshares S&P 500 Dividend A 0.49% 8,895 $926K Add +98.1%
BSCS Invesco Bulletshares 2028 CB 0.49% 44,575 $918K Add +7.5%
PFE Pfizer Inc. 0.47% 35,939 $895K Reduce -9.4%
C Citigroup Inc. 0.47% 7,668 $895K Reduce -1.2%
HON Honeywell International Inc. 0.46% 4,433 $865K Reduce -3.8%
MCD McDonald's Corp. 0.46% 2,829 $865K Add +0.1%
AVY Avery Dennison Corp. 0.45% 4,730 $860K No change
SRLN SS Blackstone Sr Loan ETF 0.45% 20,680 $853K Reduce -0.7%
WMT Walmart Inc. 0.44% 7,504 $836K Reduce -1.6%
ACWX iShares MSCI Acwi Ex US ETF 0.44% 12,405 $833K Add +35.9%
PHO Invesco Water Resources ETF 0.42% 11,335 $798K No change
CMI Cummins Inc. 0.41% 1,535 $784K Reduce -6.1%
T AT&T Inc. 0.41% 31,455 $781K Reduce -3.2%
ABT Abbott Laboratories 0.41% 6,193 $776K No change
MCK McKesson Corp. 0.40% 925 $759K No change
FCX Freeport-McMoran Inc. 0.40% 14,881 $756K Reduce -12.2%
GS Goldman Sachs Group Inc. 0.38% 818 $719K No change
AZN Astrazeneca PLC-Spons ADR 0.38% 7,788 $716K No change
JCI Johnson Controls Internation 0.37% 5,869 $703K No change
TFC Truist Financial Corp. 0.36% 13,911 $685K Reduce -3.1%
TXT Textron Inc. 0.36% 7,840 $683K No change
CB Chubb Ltd. 0.36% 2,167 $676K Add +0.8%
MMM 3M Co. 0.36% 4,212 $674K No change
COST Costco Wholesale Corp. 0.35% 779 $672K Reduce -1.3%
BSCQ Invesco Bulletshares 2026 CB 0.35% 34,071 $667K Reduce -1.6%
MDLZ Mondelez International Inc. Class A 0.34% 12,095 $651K Reduce -5.5%
IWM iShares Russell 2000 ETF 0.34% 2,597 $639K Reduce -3.7%
LHX L3HARRIS Technologies Inc. 0.33% 2,115 $621K No change
NVS Novartis AG-Sponsored ADR 0.31% 4,320 $596K Reduce -2.3%
DOV Dover Corp. 0.31% 3,038 $593K No change
IAU iShares Gold Trust 0.31% 7,193 $584K Reduce -0.7%
CCJ Cameco Corp. 0.31% 6,350 $581K No change
BSCU Invesco Bulletshares 2030 CB 0.31% 34,333 $581K Add +2.1%
IUSG iShares Core S&P U.S. Growth 0.31% 3,440 $578K Add +0.0%
IVV iShares Core S&P 500 ETF 0.30% 835 $572K No change
SNY Sanofi-ADR 0.29% 11,320 $549K Reduce -2.6%
SCCO Southern Copper Corp. 0.29% 3,809 $546K Add +0.8%
EPD Enterprise Products Partners 0.28% 16,541 $530K No change
V Visa Inc. Class A 0.27% 1,474 $517K Add +0.1%
SLYG SS SPDR S&P 600 SC GR ETF 0.27% 5,428 $511K Reduce -0.4%
BKLN Invesco Senior Loan ETF 0.26% 23,653 $497K Reduce -0.8%
NEM Newmont Corp. 0.26% 4,950 $494K No change
AVGO Broadcom Inc. 0.26% 1,401 $485K Reduce -13.6%
KJAN Innovator U.S. Small Cap Pow 0.26% 11,670 $483K No change
DGRO iShares Core Dividend Growth 0.25% 6,929 $481K No change
GPC Genuine Parts Co. 0.25% 3,883 $478K No change
AYI Acuity Inc. 0.25% 1,313 $473K Reduce -18.6%
KKR KKR & Co. Inc. 0.25% 3,671 $468K No change
KLAC KLA Corp. 0.25% 382 $464K Reduce -5.0%
BTI British American Tob-SP ADR 0.24% 8,190 $464K Reduce -1.2%
GDX Vaneck Gold Miners ETF 0.24% 5,397 $463K Reduce -0.1%
ITW Illinois Tool Works 0.24% 1,869 $460K Reduce -2.1%
NSC Norfolk Southern Corp. 0.24% 1,575 $455K Reduce -3.4%
SSB Southstate Bank Corp. 0.24% 4,801 $452K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.24% 925 $451K Reduce -5.9%
GE General Electric filed as GE AEROSPACE 0.24% 1,460 $450K No change
SEE Sealed Air Corp. 0.23% 10,490 $435K Reduce -3.7%
NTRS Northern Trust Corp. 0.23% 3,145 $430K No change
VXUS Vanguard Total Intl Stock 0.23% 5,645 $426K Add +0.1%
CP Canadian Pacific Kansas City 0.22% 5,710 $420K No change
PNC PNC Financial Services Group 0.22% 2,012 $420K No change
UNH Unitedhealth Group Inc. 0.22% 1,246 $411K Reduce -5.7%
IYW iShares Ustechnology ETF 0.22% 2,050 $409K Reduce -14.6%
ORCL Oracle Corp. 0.21% 2,044 $398K No change
TT Trane Technologies PLC 0.21% 1,023 $398K Reduce -10.5%
BDX Becton Dickinson and Co. 0.20% 1,997 $388K No change
CARR Carrier Global Corp. 0.19% 6,779 $358K No change
TSLA Tesla Inc. 0.19% 794 $357K Reduce -4.8%
KMB Kimberly-Clark Corp. 0.18% 3,389 $342K New
VONG Vanguard Russell 1000 Growth 0.18% 2,744 $334K No change
IDEC Inno Int Dev Power Buff Dec 0.17% 10,211 $330K Reduce -3.6%
CL Colgate-Palmolive Co. 0.17% 4,020 $318K Reduce -19.9%
PMAR Innovator U.S. Equity Power 0.16% 6,750 $303K No change
BA The Boeing Co. 0.16% 1,386 $301K New
PDP Invesco Dorsey Wright Moment 0.16% 2,585 $301K No change
NEE Nextera Energy Inc. 0.16% 3,742 $300K No change
UBS UBS Group AG-Reg 0.16% 6,469 $300K No change
BLK BlackRock Inc. 0.15% 273 $292K No change
SDVY First Trust Smid Cap Rising 0.15% 7,575 $290K New
CADE Cadence Bank 0.15% 6,761 $290K Add +22.5%
UNP Union Pacific Corp. 0.15% 1,248 $289K Reduce -34.0%
MDT Medtronic PLC 0.15% 2,985 $287K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.15% 1,850 $284K Reduce -2.6%
AXP American Express Co. 0.14% 740 $274K No change
CVS CVS Health Corp. 0.14% 3,376 $268K Reduce -14.8%
GILD Gilead Sciences Inc. 0.14% 2,175 $267K Reduce -4.4%
IJK iShares S&P Mid-Cap 400 Grow 0.14% 2,732 $265K No change
LIN Linde PLC 0.14% 600 $256K No change
VIG Vanguard Dividend Apprec ETF 0.13% 1,121 $246K Reduce -0.4%
FXI iShares China Large-Cap ETF 0.13% 6,365 $244K Add +18.6%
AMAT Applied Materials Inc. 0.13% 946 $243K New
FDX FedEx Corp. 0.13% 832 $240K New
IBIT iShares Bitcoin Trust ETF 0.13% 4,831 $240K Reduce -17.8%
TSM Taiwan Semiconductor-SP ADR 0.13% 781 $237K No change
DRI Darden Restaurants Inc. 0.12% 1,280 $236K No change
GEV GE Vernova Inc. 0.12% 351 $229K No change
OHI Omega Healthcare Investors 0.12% 5,109 $227K Reduce -10.1%
IJJ iShares S&P Mid-Cap 400 Valu 0.12% 1,690 $222K No change
IWD iShares Russell 1000 Value E 0.11% 1,000 $210K No change
INDA iShares MSCI India ETF 0.11% 3,745 $202K New
CMCSA Comcast Corp. Class A 0.11% 6,751 $202K Reduce -6.9%
MQY BlackRock Muniyield Quality 0.06% 10,548 $119K No change
IRD Opus Genetics Inc. 0.01% 11,836 $24K New

Portfolio Sells Q3 2025 → Q4 2025
MSFT Microsoft Corp. Reduce -1.6% 5.01% −0.56
HD Home Depot Inc. Reduce -0.8% 2.39% −0.51
AMZN Amazon.com Inc. Reduce -25.7% 1.48% −0.46
SSB Southstate Bank Corp. Sold out 0.00% −0.26
NOC Northrop Grumman Corp. Reduce -23.0% 0.60% −0.25
BRK.B Berkshire Hathaway Inc. Class B Reduce -6.7% 2.50% −0.24
ETN Eaton Corp. PLC Reduce -13.7% 0.56% −0.22
ABBV Abbvie Inc. Reduce -2.8% 3.03% −0.19
PG The Procter & Gamble Co. Reduce -9.8% 0.80% −0.17
PAYX Paychex Inc. Reduce -10.3% 0.55% −0.16
CXT Crane NXT Co. Sold out 0.00% −0.15
MO Altria Group Inc. Reduce -1.7% 0.80% −0.15
NVDA Nvidia Corp. Reduce -1.5% 3.41% −0.13
NFLX Netflix Inc. Sold out 0.00% −0.12
WYNN WYNN Resorts Ltd. Sold out 0.00% −0.12
META Meta Platforms Inc. Class A Reduce -7.1% 0.51% −0.11
JPM JPMorgan Chase & Co. Reduce -4.3% 2.55% −0.11
WFC Wells Fargo & Co. Reduce -23.4% 0.57% −0.11
SO The Southern Co. Reduce -0.0% 0.93% −0.10
UNP Union Pacific Corp. Reduce -34.0% 0.15% −0.09
MDLZ Mondelez International Inc. Class A Reduce -5.5% 0.34% −0.09
T AT&T Inc. Reduce -3.2% 0.41% −0.08
IBIT iShares Bitcoin Trust ETF Reduce -17.8% 0.13% −0.08
PFE Pfizer Inc. Reduce -9.4% 0.47% −0.07
DUK Duke Energy Corp. Reduce -2.7% 0.65% −0.07
HON Honeywell International Inc. Reduce -3.8% 0.46% −0.07
AYI Acuity Inc. Reduce -18.6% 0.25% −0.05
TT Trane Technologies PLC Reduce -10.5% 0.21% −0.05
CL Colgate-Palmolive Co. Reduce -19.9% 0.17% −0.05
LMT Lockheed Martin Corp. Reduce -0.8% 0.75% −0.05
COST Costco Wholesale Corp. Reduce -1.3% 0.35% −0.04
IYW iShares Ustechnology ETF Reduce -14.6% 0.22% −0.04
CR Crane Co. Reduce -4.6% 0.53% −0.04
AVGO Broadcom Inc. Reduce -13.6% 0.26% −0.03
UNH Unitedhealth Group Inc. Reduce -5.7% 0.22% −0.03
IWF iShares Russell 1000 Growth Reduce -2.7% 0.68% −0.03
ITW Illinois Tool Works Reduce -2.1% 0.24% −0.03
NSC Norfolk Southern Corp. Reduce -3.4% 0.24% −0.02
CVS CVS Health Corp. Reduce -14.8% 0.14% −0.02
SRLN SS Blackstone Sr Loan ETF Reduce -0.7% 0.45% −0.02
CMCSA Comcast Corp. Class A Reduce -6.9% 0.11% −0.02
VUG Vanguard Mrngstar GR ETF-Sui Reduce -5.9% 0.24% −0.02
IWM iShares Russell 2000 ETF Reduce -3.7% 0.34% −0.01
PAUG Innovator U.S. Equity Power Reduce -1.1% 1.05% −0.01
BSCQ Invesco Bulletshares 2026 CB Reduce -1.6% 0.35% −0.01
TSLA Tesla Inc. Reduce -4.8% 0.19% −0.01
OHI Omega Healthcare Investors Reduce -10.1% 0.12% −0.01
SLYG SS SPDR S&P 600 SC GR ETF Reduce -0.4% 0.27% −0.01
BKLN Invesco Senior Loan ETF Reduce -0.8% 0.26% −0.01
SNY Sanofi-ADR Reduce -2.6% 0.29% −0.01

Portfolio Buys Q3 2025 → Q4 2025
PDEC Innovator U.S. Equity Power Add +356.4% 0.52% +0.40
VOO Vanguard S&P 500 ETF Add +7.7% 4.21% +0.31
NOBL Proshares S&P 500 Dividend A Add +98.1% 0.49% +0.24
KMB Kimberly-Clark Corp. New 0.18% +0.18
CVX Chevron Corp. Add +19.1% 1.34% +0.17
XOM Exxon Mobil Corp. Add +0.5% 3.37% +0.16
BA The Boeing Co. New 0.16% +0.16
SDVY First Trust Smid Cap Rising New 0.15% +0.15
MDY State Street SPDR S&P Midcap Add +28.9% 0.61% +0.13
AMAT Applied Materials Inc. New 0.13% +0.13
FDX FedEx Corp. New 0.13% +0.13
ACWX iShares MSCI Acwi Ex US ETF Add +35.9% 0.44% +0.12
RSP Invesco S&P 500 Equal Weight Add +29.8% 0.53% +0.12
CSCO Cisco Systems Inc. Add +6.3% 0.75% +0.11
INDA iShares MSCI India ETF New 0.11% +0.11
PEP Pepsico Inc. Add +20.6% 0.62% +0.11
MGMT Ballast Small/Mid Cap ETF Add +3.5% 3.40% +0.07
PJAN Innovator U.S. Equity Power Add +6.6% 0.72% +0.05
CADE Cadence Bank Add +22.5% 0.15% +0.04
SCCO Southern Copper Corp. Add +0.8% 0.29% +0.04
CB Chubb Ltd. Add +0.8% 0.36% +0.03
BSCS Invesco Bulletshares 2028 CB Add +7.5% 0.49% +0.03
DEM Wisdomtree Emerging Markets Add +3.6% 0.81% +0.02
IRD Opus Genetics Inc. New 0.01% +0.01
DIA SS SPDR Dow Jones Indus Avg Add +0.0% 0.72% +0.01
FXI iShares China Large-Cap ETF Add +18.6% 0.13% +0.01
PM Philip Morris International Add +4.9% 0.55% +0.01
V Visa Inc. Class A Add +0.1% 0.27% +0.00
VXUS Vanguard Total Intl Stock Add +0.1% 0.23% +0.00
BSCU Invesco Bulletshares 2030 CB Add +2.1% 0.31% +0.00
IUSG iShares Core S&P U.S. Growth Add +0.0% 0.31% −0.00
MCD McDonald's Corp. Add +0.1% 0.46% −0.01
LOW Lowe's Cos Inc. Add +1.7% 0.52% −0.02
VZ Verizon Communications Inc. Add +5.7% 1.03% −0.04

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