First Hawaiian Bank

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 2, 2025), First Hawaiian Bank reported 95 stock positions worth $779.6 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 33.6% of the portfolio, followed by iShares Core MSCI Eafe ETF (IEFA, 11.0%) and iShares S&P 500 Growth ETF (IVW, 4.1%). Compared with Q2 2025, it opened 1 new position, sold out of 1, added to 29 and reduced 35. The biggest buy was Vanguard Extended Market ETF (VXF, shares +8%) and the biggest sale SS SPDR MSCI U Stratfact ETF (QUS, shares −24%).

Most Recent 13F
Q2 2026
Location
HONOLULU, HI
CIK
0000764106
Portfolio Value
$779.6M (Q3 2025)
SEC Filing
0000764106-25-000007 ↗ filed Oct 2, 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 Q2 2025 Q3 2025: $779.6M $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 · $779.6M
IVV iShares Core S&P 500 ETF 33.56% 390,881 $261.6M Reduce -1.3%
IEFA iShares Core MSCI Eafe ETF 11.03% 985,231 $86.0M Reduce -0.6%
IVW iShares S&P 500 Growth ETF 4.09% 263,928 $31.9M Reduce -4.5%
VYMI Vanguard Int High DVD YLD Inc. 3.85% 354,790 $30.0M Reduce -3.7%
IVE iShares S&P 500 Value ETF 3.06% 115,570 $23.9M Reduce -4.4%
VYM Vanguard High DVD Yield ETF 3.04% 168,058 $23.7M Add +6.9%
AGG iShares Core U.S. Aggregate 2.85% 221,699 $22.2M Add +4.8%
VXF Vanguard Extended Market ETF 2.64% 98,497 $20.6M Add +7.5%
DYNF Ishrs US E F R A ETF-Usd Inc. 2.60% 342,407 $20.3M Add +3.7%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 2.36% 59,792 $18.4M Reduce -0.5%
IXUS iShares Core Intl Stock ETF 2.32% 219,228 $18.1M Reduce -0.3%
VTI VG Morningstar TS MKT ETF-US 1.82% 43,350 $14.2M No change
IEMG iShares Core MSCI Emerging 1.75% 207,119 $13.7M Add +3.5%
QEFA STSR SPD MSC Eaf Stgfs-US Inc. 1.68% 148,607 $13.1M Reduce -3.5%
SPY SS SPDR S&P 500 ETF Trust-US 1.53% 17,965 $12.0M Reduce -0.0%
ITOT iShares Core S&P Total U.S. 1.36% 72,665 $10.6M Reduce -1.4%
IJH iShares Core S&P Midcap ETF 1.35% 161,715 $10.6M Reduce -10.1%
JEPI JPMorgan Equity Premium Inco 1.22% 166,441 $9.5M Add +26.2%
SPYD SS SPDR P S&P 500 Hi Div ETF 1.10% 195,322 $8.6M No change
EFA iShares MSCI Eafe ETF 1.10% 91,902 $8.6M Reduce -2.6%
QUS SS SPDR MSCI U Stratfact ETF 0.90% 40,918 $7.0M Reduce -24.3%
AVEM Avantis Emerging Markets Eq 0.89% 92,230 $6.9M Add +3.3%
DIVI Franklin International Core 0.86% 179,449 $6.7M Add +28.2%
IJR iShares Core S&P Small-Cap E 0.64% 41,859 $5.0M Reduce -9.8%
ESGV Vanguard ESG US Stock ETF 0.60% 39,774 $4.7M Reduce -1.2%
VTIP Vanguard Short-Term Tips 0.59% 90,392 $4.6M Reduce -3.5%
VB Vanguard Most SM-Cap ETF-Usd 0.58% 17,746 $4.5M Add +22.0%
AAPL Apple Inc. 0.53% 16,359 $4.2M Add +0.1%
DON Wisdomtree US Midcap Dividen 0.52% 76,831 $4.0M Reduce -28.8%
BOND PIMCO Active Bond Exchange-T 0.46% 38,201 $3.6M No change
IJK iShares S&P Mid-Cap 400 Grow 0.45% 36,473 $3.5M Reduce -3.1%
IJJ iShares S&P Mid-Cap 400 Valu 0.44% 26,678 $3.5M Reduce -3.2%
IWV iShares Russell 3000 ETF 0.42% 8,635 $3.3M Reduce -6.1%
MSFT Microsoft Corp. 0.42% 6,254 $3.2M Add +0.0%
BSV Vanguard Short-Term Bond ETF 0.41% 40,992 $3.2M Reduce -16.0%
PGX Invesco Preferred ETF 0.37% 247,338 $2.9M Add +11.3%
MATX Matson Inc. 0.32% 25,607 $2.5M Reduce -4.3%
ESGD iShares Trust iShares ESG Aw 0.31% 25,754 $2.4M Reduce -1.1%
JPST JPMorgan Ultra-Short Income 0.27% 41,911 $2.1M Reduce -24.3%
VCSH Vanguard S/T Corp. Bond ETF 0.27% 26,458 $2.1M Add +180.6%
BOH Bank of Hawaii Corp. filed as BANK HAWAII CORP 0.27% 31,986 $2.1M Reduce -1.4%
BNDX Vanguard Total Intl Bond ETF 0.27% 42,078 $2.1M Add +6.8%
WMT Walmart Inc. 0.25% 18,770 $1.9M Reduce -0.8%
CVX Chevron Corp. 0.25% 12,394 $1.9M Add +4.5%
ABBV Abbvie Inc. 0.24% 7,943 $1.8M Add +5.1%
IWF iShares Russell 1000 Growth 0.23% 3,887 $1.8M No change
MCD McDonald's Corp. 0.23% 5,833 $1.8M Reduce -0.8%
VTWO Vanguard Russell 2000 ETF 0.22% 17,438 $1.7M No change
IJT iShares S&P Small-Cap 600 GR 0.22% 11,928 $1.7M Reduce -3.0%
IJS iShares S&P Small-Cap 600 Va 0.21% 14,877 $1.6M Reduce -3.1%
IWR iShares Russell Mid-Cap ETF 0.20% 16,066 $1.6M No change
VWO Vanguard Ftse Emerging Marke 0.20% 28,382 $1.5M Reduce -4.3%
IWD iShares Russell 1000 Value E 0.18% 6,771 $1.4M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.16% 4,409 $1.2M Add +1.2%
NVDA Nvidia Corp. 0.15% 6,348 $1.2M Add +0.4%
ABT Abbott Laboratories 0.15% 8,599 $1.2M Reduce -0.2%
SHYG iShares 0-5 YR HY Corp. Bond 0.14% 25,381 $1.1M Add +5.4%
META Meta Platforms Inc. Class A 0.13% 1,403 $1.0M Add +0.7%
CATH Global X S&P 500 Ca Val ETF 0.11% 10,369 $840K No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.10% 1,762 $817K No change
MA Mastercard Inc. Class A 0.08% 1,134 $645K No change
GOOGL Alphabet Inc. Class A 0.07% 2,264 $550K Add +1.2%
XOM Exxon Mobil Corp. 0.07% 4,879 $550K Add +12.8%
CAT Caterpillar Inc. 0.06% 1,056 $504K Add +1.1%
PRFZ Inv Rafi US 1500 SM-Usd Inc. 0.06% 9,855 $448K No change
EAGG iShares ESG Aware US Aggrega 0.06% 8,979 $431K Reduce -4.0%
ACWI iShares MSCI Acwi ETF 0.05% 3,083 $426K No change
AMZN Amazon.com Inc. 0.05% 1,910 $419K Reduce -0.2%
GOOG Alphabet Inc. Class C 0.05% 1,714 $417K Add +0.5%
VNQ Vanguard Real Estate ETF 0.05% 4,525 $414K Add +1.3%
QQQ Invesco QQQ Trust Series 1 0.05% 689 $414K No change
ALEX Alexander & Baldwin Inc. 0.05% 21,861 $398K No change
LLY Eli Lilly & Co. 0.05% 494 $377K No change
RSP Invesco S&P 500 Equal Weight 0.05% 1,920 $364K No change
JNJ Johnson & Johnson 0.04% 1,879 $348K Add +26.5%
IWM iShares Russell 2000 ETF 0.04% 1,415 $342K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.04% 1,835 $342K No change
GE General Electric filed as GE AEROSPACE 0.04% 1,114 $335K No change
XLK SS Technology Select Sector 0.04% 1,165 $328K No change
WM Waste Management Inc. 0.04% 1,472 $325K No change
COR Cencora Inc. 0.04% 1,002 $313K No change
TIP iShares Tips Bond ETF 0.04% 2,487 $277K Add +2.5%
IWS iShares Russell Mid-Cap Valu 0.04% 1,962 $274K No change
TSM Taiwan Semiconductor-SP ADR 0.03% 902 $252K Reduce -5.8%
IWP iShares Russell Mid-Cap Grow 0.03% 1,734 $247K No change
VCIT Vanguard Int-Term Corporate 0.03% 2,932 $247K No change
BND Vanguard Total Bond Market 0.03% 3,164 $235K No change
SYY Sysco Corp. 0.03% 2,814 $232K Add +0.0%
T AT&T Inc. 0.03% 8,139 $230K Add +0.5%
V Visa Inc. Class A 0.03% 661 $226K Reduce -0.9%
SGOV iShares 0-3 Month Treasury B 0.03% 2,224 $224K No change
COF Capital One Financial Corp. 0.03% 1,029 $219K No change
GSLC Goldman Activebeta US LC ETF 0.03% 1,586 $207K New
SUB iShares Short-Term National 0.03% 1,935 $207K No change
BMY Bristol-Myers Squibb Co. 0.03% 4,435 $200K No change

Portfolio Sells Q2 2025 → Q3 2025
QUS SS SPDR MSCI U Stratfact ETF Reduce -24.3% 0.90% −0.30
DON Wisdomtree US Midcap Dividen Reduce -28.8% 0.52% −0.22
IEFA iShares Core MSCI Eafe ETF Reduce -0.6% 11.03% −0.20
IJH iShares Core S&P Midcap ETF Reduce -10.1% 1.35% −0.16
VYMI Vanguard Int High DVD YLD Inc. Reduce -3.7% 3.85% −0.15
IVE iShares S&P 500 Value ETF Reduce -4.4% 3.06% −0.15
JPST JPMorgan Ultra-Short Income Reduce -24.3% 0.27% −0.11
QEFA STSR SPD MSC Eaf Stgfs-US Inc. Reduce -3.5% 1.68% −0.11
BSV Vanguard Short-Term Bond ETF Reduce -16.0% 0.41% −0.11
MUB iShares National Muni Bond E Sold out 0.00% −0.09
MATX Matson Inc. Reduce -4.3% 0.32% −0.08
VTIP Vanguard Short-Term Tips Reduce -3.5% 0.59% −0.05
IJR iShares Core S&P Small-Cap E Reduce -9.8% 0.64% −0.05
EFA iShares MSCI Eafe ETF Reduce -2.6% 1.10% −0.04
IVW iShares S&P 500 Growth ETF Reduce -4.5% 4.09% −0.04
BOH Bank of Hawaii Corp. Reduce -1.4% 0.27% −0.03
IWV iShares Russell 3000 ETF Reduce -6.1% 0.42% −0.02
IJJ iShares S&P Mid-Cap 400 Valu Reduce -3.2% 0.44% −0.02
IJK iShares S&P Mid-Cap 400 Grow Reduce -3.1% 0.45% −0.02
ABT Abbott Laboratories Reduce -0.2% 0.15% −0.01
ESGD iShares Trust iShares ESG Aw Reduce -1.1% 0.31% −0.01
MCD McDonald's Corp. Reduce -0.8% 0.23% −0.01
IJT iShares S&P Small-Cap 600 GR Reduce -3.0% 0.22% −0.01
EAGG iShares ESG Aware US Aggrega Reduce -4.0% 0.06% −0.01
AMZN Amazon.com Inc. Reduce -0.2% 0.05% −0.00
V Visa Inc. Class A Reduce -0.9% 0.03% −0.00
WMT Walmart Inc. Reduce -0.8% 0.25% −0.00
VWO Vanguard Ftse Emerging Marke Reduce -4.3% 0.20% −0.00
TSM Taiwan Semiconductor-SP ADR Reduce -5.8% 0.03% +0.00
IJS iShares S&P Small-Cap 600 Va Reduce -3.1% 0.21% +0.00
ESGV Vanguard ESG US Stock ETF Reduce -1.2% 0.60% +0.01
ITOT iShares Core S&P Total U.S. Reduce -1.4% 1.36% +0.01
IXUS iShares Core Intl Stock ETF Reduce -0.3% 2.32% +0.02
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.0% 1.53% +0.03
VV Vngrd Mrgstr LRG-Cap ETF-Usd Reduce -0.5% 2.36% +0.03
IVV iShares Core S&P 500 ETF Reduce -1.3% 33.56% +0.19

Portfolio Buys Q2 2025 → Q3 2025
VXF Vanguard Extended Market ETF Add +7.5% 2.64% +0.25
JEPI JPMorgan Equity Premium Inco Add +26.2% 1.22% +0.20
VYM Vanguard High DVD Yield ETF Add +6.9% 3.04% +0.19
DIVI Franklin International Core Add +28.2% 0.86% +0.18
VCSH Vanguard S/T Corp. Bond ETF Add +180.6% 0.27% +0.17
DYNF Ishrs US E F R A ETF-Usd Inc. Add +3.7% 2.60% +0.16
IEMG iShares Core MSCI Emerging Add +3.5% 1.75% +0.12
VB Vanguard Most SM-Cap ETF-Usd Add +22.0% 0.58% +0.11
AAPL Apple Inc. Add +0.1% 0.53% +0.08
AVEM Avantis Emerging Markets Eq Add +3.3% 0.89% +0.06
ABBV Abbvie Inc. Add +5.1% 0.24% +0.05
PGX Invesco Preferred ETF Add +11.3% 0.37% +0.03
GSLC Goldman Activebeta US LC ETF New 0.03% +0.03
GOOGL Alphabet Inc. Class A Add +1.2% 0.07% +0.02
CVX Chevron Corp. Add +4.5% 0.25% +0.02
NVDA Nvidia Corp. Add +0.4% 0.15% +0.02
JNJ Johnson & Johnson Add +26.5% 0.04% +0.01
GOOG Alphabet Inc. Class C Add +0.5% 0.05% +0.01
CAT Caterpillar Inc. Add +1.1% 0.06% +0.01
XOM Exxon Mobil Corp. Add +12.8% 0.07% +0.01
AGG iShares Core U.S. Aggregate Add +4.8% 2.85% +0.00
BNDX Vanguard Total Intl Bond ETF Add +6.8% 0.27% +0.00
SYY Sysco Corp. Add +0.0% 0.03% +0.00
SHYG iShares 0-5 YR HY Corp. Bond Add +5.4% 0.14% 0.00
TIP iShares Tips Bond ETF Add +2.5% 0.04% −0.00
VNQ Vanguard Real Estate ETF Add +1.3% 0.05% −0.00
T AT&T Inc. Add +0.5% 0.03% −0.00
MSFT Microsoft Corp. Add +0.0% 0.42% −0.01
META Meta Platforms Inc. Class A Add +0.7% 0.13% −0.01
IBM Intl Business Machines Corp. Add +1.2% 0.16% −0.01

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