First Hawaiian Bank

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 3, 2025), First Hawaiian Bank reported 95 stock positions worth $736.8 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 33.4% of the portfolio, followed by iShares Core MSCI Eafe ETF (IEFA, 11.2%) and iShares S&P 500 Growth ETF (IVW, 4.1%). Compared with Q1 2025, it opened 5 new positions, sold out of 4, added to 20 and reduced 37. The biggest buy was JPMorgan Equity Premium Inco (JEPI, shares +49%) and the biggest sale SS SPDR MSCI U Stratfact ETF (QUS, shares −22%).

Most Recent 13F
Q2 2026
Location
HONOLULU, HI
CIK
0000764106
Portfolio Value
$736.8M (Q2 2025)
SEC Filing
0000764106-25-000006 ↗ filed Jul 3, 2025

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $3.2B Q1 2024 Q2 2024: $3.0B Q2 2024 Q3 2024: $3.1B Q3 2024 Q4 2024: $3.1B Q4 2024 Q1 2025: $685.9M Q1 2025 Q2 2025: $736.8M $736.8M Q2 2025 Q3 2025: $779.6M Q3 2025 Q4 2025: $751.5M Q4 2025 Q1 2026: $715.0M Q1 2026 Q2 2026: $789.5M Q2 2026

Holdings 95 stocks · $736.8M
IVV iShares Core S&P 500 ETF 33.37% 395,925 $245.8M Reduce -1.1%
IEFA iShares Core MSCI Eafe ETF 11.23% 991,542 $82.8M Reduce -1.3%
IVW iShares S&P 500 Growth ETF 4.13% 276,280 $30.4M Reduce -2.3%
VYMI Vanguard Int High DVD YLD Inc. 4.00% 368,264 $29.5M Reduce -4.2%
IVE iShares S&P 500 Value ETF 3.21% 120,890 $23.6M Reduce -2.7%
AGG iShares Core U.S. Aggregate 2.85% 211,536 $21.0M Reduce -0.9%
VYM Vanguard High DVD Yield ETF 2.84% 157,149 $20.9M Reduce -1.3%
DYNF Ishrs US E F R A ETF-Usd Inc. 2.44% 330,222 $18.0M Add +2.8%
VXF Vanguard Extended Market ETF 2.40% 91,603 $17.7M Add +2.5%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 2.33% 60,079 $17.1M Add +0.6%
IXUS iShares Core Intl Stock ETF 2.31% 219,840 $17.0M Reduce -0.7%
VTI VG Morningstar TS MKT ETF-US 1.79% 43,350 $13.2M No change
QEFA STSR SPD MSC Eaf Stgfs-US Inc. 1.78% 153,979 $13.1M Reduce -5.1%
IEMG iShares Core MSCI Emerging 1.63% 200,013 $12.0M Add +0.3%
IJH iShares Core S&P Midcap ETF 1.51% 179,914 $11.2M Reduce -7.6%
SPY SS SPDR S&P 500 ETF Trust-US 1.51% 17,968 $11.1M No change
ITOT iShares Core S&P Total U.S. 1.35% 73,677 $9.9M Reduce -11.3%
QUS SS SPDR MSCI U Stratfact ETF 1.20% 54,057 $8.8M Reduce -22.1%
EFA iShares MSCI Eafe ETF 1.15% 94,378 $8.4M Reduce -1.6%
SPYD SS SPDR P S&P 500 Hi Div ETF 1.13% 195,322 $8.3M No change
JEPI JPMorgan Equity Premium Inco 1.02% 131,929 $7.5M Add +49.1%
AVEM Avantis Emerging Markets Eq 0.83% 89,250 $6.1M Add +2.5%
DON Wisdomtree US Midcap Dividen 0.73% 107,886 $5.4M Reduce -25.0%
IJR iShares Core S&P Small-Cap E 0.69% 46,413 $5.1M Reduce -6.3%
DIVI Franklin International Core 0.68% 139,987 $5.0M Add +41.8%
VTIP Vanguard Short-Term Tips 0.64% 93,644 $4.7M Reduce -5.8%
ESGV Vanguard ESG US Stock ETF 0.60% 40,250 $4.4M Add +31.0%
BSV Vanguard Short-Term Bond ETF 0.52% 48,781 $3.8M Reduce -0.4%
BOND PIMCO Active Bond Exchange-T 0.48% 38,201 $3.5M No change
VB Vanguard Most SM-Cap ETF-Usd 0.47% 14,551 $3.4M Add +52.3%
IJK iShares S&P Mid-Cap 400 Grow 0.46% 37,648 $3.4M Reduce -1.9%
IJJ iShares S&P Mid-Cap 400 Valu 0.46% 27,555 $3.4M Reduce -1.6%
AAPL Apple Inc. 0.46% 16,345 $3.4M Add +0.9%
IWV iShares Russell 3000 ETF 0.44% 9,197 $3.2M Reduce -1.6%
MSFT Microsoft Corp. 0.42% 6,252 $3.1M Add +8.5%
MATX Matson Inc. 0.40% 26,761 $3.0M No change
JPST JPMorgan Ultra-Short Income 0.38% 55,342 $2.8M No change
PGX Invesco Preferred ETF 0.34% 222,207 $2.5M Reduce -1.4%
ESGD iShares Trust iShares ESG Aw 0.32% 26,034 $2.3M Add +32.8%
BOH Bank of Hawaii Corp. filed as BANK HAWAII CORP 0.30% 32,424 $2.2M No change
BNDX Vanguard Total Intl Bond ETF 0.26% 39,379 $1.9M Reduce -1.2%
WMT Walmart Inc. 0.25% 18,931 $1.9M Reduce -4.6%
MCD McDonald's Corp. 0.23% 5,883 $1.7M Reduce -0.5%
CVX Chevron Corp. 0.23% 11,860 $1.7M Reduce -0.4%
IWF iShares Russell 1000 Growth 0.22% 3,887 $1.7M No change
IJT iShares S&P Small-Cap 600 GR 0.22% 12,301 $1.6M Reduce -2.8%
IJS iShares S&P Small-Cap 600 Va 0.21% 15,346 $1.5M Reduce -6.9%
VTWO Vanguard Russell 2000 ETF 0.21% 17,438 $1.5M No change
IWR iShares Russell Mid-Cap ETF 0.20% 16,066 $1.5M No change
VWO Vanguard Ftse Emerging Marke 0.20% 29,674 $1.5M Reduce -9.4%
ABBV Abbvie Inc. 0.19% 7,556 $1.4M Add +0.8%
IWD iShares Russell 1000 Value E 0.18% 6,771 $1.3M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.17% 4,357 $1.3M Add +1.0%
ABT Abbott Laboratories 0.16% 8,614 $1.2M Reduce -0.2%
SHYG iShares 0-5 YR HY Corp. Bond 0.14% 24,072 $1.0M Reduce -23.8%
META Meta Platforms Inc. Class A 0.14% 1,394 $1.0M Add +2.6%
NVDA Nvidia Corp. 0.14% 6,321 $999K Add +6.2%
CATH Global X S&P 500 Ca Val ETF 0.11% 10,369 $782K No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.11% 1,762 $776K No change
VCSH Vanguard S/T Corp. Bond ETF 0.10% 9,430 $750K No change
MA Mastercard Inc. Class A 0.09% 1,134 $637K No change
MUB iShares National Muni Bond E 0.09% 6,060 $633K No change
XOM Exxon Mobil Corp. 0.06% 4,325 $466K No change
EAGG iShares ESG Aware US Aggrega 0.06% 9,352 $445K No change
AMZN Amazon.com Inc. 0.06% 1,914 $420K Reduce -0.1%
CAT Caterpillar Inc. 0.06% 1,044 $405K No change
PRFZ Inv Rafi US 1500 SM-Usd Inc. 0.05% 9,855 $401K No change
VNQ Vanguard Real Estate ETF 0.05% 4,468 $398K Add +0.4%
ACWI iShares MSCI Acwi ETF 0.05% 3,083 $396K New
GOOGL Alphabet Inc. Class A 0.05% 2,238 $394K Add +4.8%
ALEX Alexander & Baldwin Inc. 0.05% 21,861 $390K No change
LLY Eli Lilly & Co. 0.05% 494 $385K No change
QQQ Invesco QQQ Trust Series 1 0.05% 689 $380K No change
RSP Invesco S&P 500 Equal Weight 0.05% 1,920 $349K Reduce -63.5%
WM Waste Management Inc. 0.05% 1,472 $337K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.04% 1,835 $324K New
IWM iShares Russell 2000 ETF 0.04% 1,415 $305K Reduce -2.9%
GOOG Alphabet Inc. Class C 0.04% 1,705 $302K No change
COR Cencora Inc. 0.04% 1,002 $300K Reduce -0.1%
XLK SS Technology Select Sector 0.04% 1,165 $295K No change
GE General Electric filed as GE AEROSPACE 0.04% 1,114 $287K No change
TIP iShares Tips Bond ETF 0.04% 2,426 $267K Reduce -4.7%
IWS iShares Russell Mid-Cap Valu 0.04% 1,962 $259K No change
VCIT Vanguard Int-Term Corporate 0.03% 2,932 $243K No change
IWP iShares Russell Mid-Cap Grow 0.03% 1,734 $240K No change
V Visa Inc. Class A 0.03% 667 $237K No change
T AT&T Inc. 0.03% 8,101 $234K Add +3.9%
BND Vanguard Total Bond Market 0.03% 3,164 $233K No change
JNJ Johnson & Johnson 0.03% 1,485 $227K Reduce -5.0%
SGOV iShares 0-3 Month Treasury B 0.03% 2,224 $224K New
COF Capital One Financial Corp. 0.03% 1,029 $219K New
TSM Taiwan Semiconductor-SP ADR 0.03% 957 $217K New
SYY Sysco Corp. 0.03% 2,813 $213K Reduce -0.1%
SUB iShares Short-Term National 0.03% 1,935 $206K No change
BMY Bristol-Myers Squibb Co. 0.03% 4,435 $205K Add +4.1%

Portfolio Sells Q1 2025 → Q2 2025
QUS SS SPDR MSCI U Stratfact ETF Reduce -22.1% 1.20% −0.39
DON Wisdomtree US Midcap Dividen Reduce -25.0% 0.73% −0.30
IVE iShares S&P 500 Value ETF Reduce -2.7% 3.21% −0.25
AGG iShares Core U.S. Aggregate Reduce -0.9% 2.85% −0.23
VYM Vanguard High DVD Yield ETF Reduce -1.3% 2.84% −0.15
IJH iShares Core S&P Midcap ETF Reduce -7.6% 1.51% −0.14
ITOT iShares Core S&P Total U.S. Reduce -11.3% 1.35% −0.13
VYMI Vanguard Int High DVD YLD Inc. Reduce -4.2% 4.00% −0.13
RSP Invesco S&P 500 Equal Weight Reduce -63.5% 0.05% −0.09
VTIP Vanguard Short-Term Tips Reduce -5.8% 0.64% −0.08
QEFA STSR SPD MSC Eaf Stgfs-US Inc. Reduce -5.1% 1.78% −0.08
IJR iShares Core S&P Small-Cap E Reduce -6.3% 0.69% −0.07
CVX Chevron Corp. Reduce -0.4% 0.23% −0.06
SHYG iShares 0-5 YR HY Corp. Bond Reduce -23.8% 0.14% −0.06
BSV Vanguard Short-Term Bond ETF Reduce -0.4% 0.52% −0.04
MCD McDonald's Corp. Reduce -0.5% 0.23% −0.04
HEFA Isha Curr Hedged MSCI Eafe Sold out 0.00% −0.04
UNH Unitedhealth Group Inc. Sold out 0.00% −0.03
VZ Verizon Communications Inc. Sold out 0.00% −0.03
PGX Invesco Preferred ETF Reduce -1.4% 0.34% −0.03
SBUX Starbucks Corp. Sold out 0.00% −0.03
IJS iShares S&P Small-Cap 600 Va Reduce -6.9% 0.21% −0.03
IJJ iShares S&P Mid-Cap 400 Valu Reduce -1.6% 0.46% −0.03
BNDX Vanguard Total Intl Bond ETF Reduce -1.2% 0.26% −0.02
VWO Vanguard Ftse Emerging Marke Reduce -9.4% 0.20% −0.02
ABT Abbott Laboratories Reduce -0.2% 0.16% −0.01
IJT iShares S&P Small-Cap 600 GR Reduce -2.8% 0.22% −0.01
JNJ Johnson & Johnson Reduce -5.0% 0.03% −0.01
TIP iShares Tips Bond ETF Reduce -4.7% 0.04% −0.01
WMT Walmart Inc. Reduce -4.6% 0.25% −0.00
SYY Sysco Corp. Reduce -0.1% 0.03% −0.00
IJK iShares S&P Mid-Cap 400 Grow Reduce -1.9% 0.46% −0.00
IWM iShares Russell 2000 ETF Reduce -2.9% 0.04% −0.00
COR Cencora Inc. Reduce -0.1% 0.04% +0.00
EFA iShares MSCI Eafe ETF Reduce -1.6% 1.15% +0.00
AMZN Amazon.com Inc. Reduce -0.1% 0.06% +0.00
IWV iShares Russell 3000 ETF Reduce -1.6% 0.44% +0.01
IXUS iShares Core Intl Stock ETF Reduce -0.7% 2.31% +0.05
IEFA iShares Core MSCI Eafe ETF Reduce -1.3% 11.23% +0.16
IVW iShares S&P 500 Growth ETF Reduce -2.3% 4.13% +0.30
IVV iShares Core S&P 500 ETF Reduce -1.1% 33.37% +0.57

Portfolio Buys Q1 2025 → Q2 2025
JEPI JPMorgan Equity Premium Inco Add +49.1% 1.02% +0.28
DIVI Franklin International Core Add +41.8% 0.68% +0.21
ESGV Vanguard ESG US Stock ETF Add +31.0% 0.60% +0.16
VB Vanguard Most SM-Cap ETF-Usd Add +52.3% 0.47% +0.16
DYNF Ishrs US E F R A ETF-Usd Inc. Add +2.8% 2.44% +0.16
VXF Vanguard Extended Market ETF Add +2.5% 2.40% +0.15
MSFT Microsoft Corp. Add +8.5% 0.42% +0.11
VV Vngrd Mrgstr LRG-Cap ETF-Usd Add +0.6% 2.33% +0.09
ESGD iShares Trust iShares ESG Aw Add +32.8% 0.32% +0.08
AVEM Avantis Emerging Markets Eq Add +2.5% 0.83% +0.07
IEMG iShares Core MSCI Emerging Add +0.3% 1.63% +0.06
ACWI iShares MSCI Acwi ETF New 0.05% +0.05
VTV Vanguard Mrngstr Val ETF-Aui New 0.04% +0.04
NVDA Nvidia Corp. Add +6.2% 0.14% +0.04
SGOV iShares 0-3 Month Treasury B New 0.03% +0.03
COF Capital One Financial Corp. New 0.03% +0.03
TSM Taiwan Semiconductor-SP ADR New 0.03% +0.03
META Meta Platforms Inc. Class A Add +2.6% 0.14% +0.03
IBM Intl Business Machines Corp. Add +1.0% 0.17% +0.02
GOOGL Alphabet Inc. Class A Add +4.8% 0.05% +0.01
T AT&T Inc. Add +3.9% 0.03% −0.00
VNQ Vanguard Real Estate ETF Add +0.4% 0.05% −0.00
BMY Bristol-Myers Squibb Co. Add +4.1% 0.03% −0.01
ABBV Abbvie Inc. Add +0.8% 0.19% −0.04
AAPL Apple Inc. Add +0.9% 0.46% −0.07

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 91$789.5MIVV, IEFA, VYMI, IVW, VXF
Q1 2026 85$715.0MIVV, IEFA, VYMI, IVW, AGG
Q4 2025 91$751.5MIVV, IEFA, IVW, VYMI, VYM
Q3 2025 95$779.6MIVV, IEFA, IVW, VYMI, IVE
Q2 2025 95$736.8MIVV, IEFA, IVW, VYMI, IVE
Q1 2025Amended 94$685.9MIVV, IEFA, VYMI, IVW, IVE
Q4 2024 789$3.1BIVV, SPY, IEFA, VONG, VTV
Q3 2024 793$3.1BIVV, SPY, IEFA, VONG, VTV
Q2 2024 748$3.0BIVV, SPY, IEFA, VONG, VTV
Q1 2024 718$3.2BIVV, IEFA, SPY, IJH, VONG