First Hawaiian Bank

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 5, 2026), First Hawaiian Bank reported 91 stock positions worth $751.5 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 33.0% of the portfolio, followed by iShares Core MSCI Eafe ETF (IEFA, 11.1%) and iShares S&P 500 Growth ETF (IVW, 4.1%). Compared with Q3 2025, it opened 1 new position, sold out of 5, added to 12 and reduced 49. The biggest buy was a new position in Vanguard S&P 500 ETF (VOO) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −68%).

Most Recent 13F
Q2 2026
Location
HONOLULU, HI
CIK
0000764106
Portfolio Value
$751.5M (Q4 2025)
SEC Filing
0000764106-26-000001 ↗ filed Jan 5, 2026

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 Q3 2025 Q4 2025: $751.5M $751.5M Q4 2025 Q1 2026: $715.0M Q1 2026 Q2 2026: $789.5M Q2 2026

Holdings 91 stocks · $751.5M
IVV iShares Core S&P 500 ETF 33.03% 362,412 $248.2M Reduce -7.3%
IEFA iShares Core MSCI Eafe ETF 11.11% 933,568 $83.5M Reduce -5.2%
IVW iShares S&P 500 Growth ETF 4.12% 251,360 $31.0M Reduce -4.8%
VYMI Vanguard Int High DVD YLD Inc. 3.81% 318,258 $28.6M Reduce -10.3%
VYM Vanguard High DVD Yield ETF 3.19% 166,845 $23.9M Reduce -0.7%
AGG iShares Core U.S. Aggregate 3.16% 237,828 $23.8M Add +7.3%
DYNF Ishrs US E F R A ETF-Usd Inc. 2.97% 367,344 $22.3M Add +7.3%
VXF Vanguard Extended Market ETF 2.97% 106,655 $22.3M Add +8.3%
IVE iShares S&P 500 Value ETF 2.92% 103,421 $21.9M Reduce -10.5%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 2.49% 59,517 $18.7M Reduce -0.5%
IXUS iShares Core Intl Stock ETF 2.47% 219,228 $18.6M No change
VTI VG Morningstar TS MKT ETF-US 1.93% 43,350 $14.5M No change
IEMG iShares Core MSCI Emerging 1.93% 215,351 $14.5M Add +4.0%
QEFA STSR SPD MSC Eaf Stgfs-US Inc. 1.67% 138,386 $12.5M Reduce -6.9%
ITOT iShares Core S&P Total U.S. 1.42% 71,645 $10.7M Reduce -1.4%
JEPI JPMorgan Equity Premium Inco 1.40% 184,328 $10.6M Add +10.8%
EFA iShares MSCI Eafe ETF 1.17% 91,710 $8.8M Reduce -0.2%
SPYD SS SPDR P S&P 500 Hi Div ETF 1.12% 195,322 $8.4M No change
IJH iShares Core S&P Midcap ETF 1.03% 117,493 $7.8M Reduce -27.4%
AVEM Avantis Emerging Markets Eq 1.02% 99,311 $7.6M Add +7.7%
DIVI Franklin International Core 0.98% 190,161 $7.4M Add +6.0%
VOO Vanguard S&P 500 ETF 0.88% 10,546 $6.6M New
QUS SS SPDR MSCI U Stratfact ETF 0.77% 33,356 $5.8M Reduce -18.5%
VB Vanguard Most SM-Cap ETF-Usd 0.66% 19,148 $4.9M Add +7.9%
ESGV Vanguard ESG US Stock ETF 0.64% 39,774 $4.8M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.53% 5,791 $3.9M Reduce -67.8%
IJR iShares Core S&P Small-Cap E 0.51% 31,966 $3.8M Reduce -23.6%
VTIP Vanguard Short-Term Tips 0.50% 75,696 $3.7M Reduce -16.3%
BOND PIMCO Active Bond Exchange-T 0.47% 38,201 $3.6M No change
IWV iShares Russell 3000 ETF 0.44% 8,506 $3.3M Reduce -1.5%
BSV Vanguard Short-Term Bond ETF 0.44% 41,633 $3.3M Add +1.6%
DON Wisdomtree US Midcap Dividen 0.43% 62,896 $3.2M Reduce -18.1%
IJK iShares S&P Mid-Cap 400 Grow 0.42% 32,596 $3.2M Reduce -10.6%
IJJ iShares S&P Mid-Cap 400 Valu 0.41% 23,683 $3.1M Reduce -11.2%
PGX Invesco Preferred ETF 0.39% 262,511 $3.0M Add +6.1%
AAPL Apple Inc. 0.36% 9,909 $2.7M Reduce -39.4%
ESGD iShares Trust iShares ESG Aw 0.33% 25,754 $2.4M No change
MSFT Microsoft Corp. 0.30% 4,593 $2.2M Reduce -26.6%
BNDX Vanguard Total Intl Bond ETF 0.28% 44,320 $2.1M Add +5.3%
JPST JPMorgan Ultra-Short Income 0.28% 41,911 $2.1M No change
VCSH Vanguard S/T Corp. Bond ETF 0.28% 26,458 $2.1M No change
WMT Walmart Inc. 0.26% 17,787 $2.0M Reduce -5.2%
IWF iShares Russell 1000 Growth 0.24% 3,887 $1.8M No change
ABBV Abbvie Inc. 0.24% 7,742 $1.8M Reduce -2.5%
MCD McDonald's Corp. 0.23% 5,755 $1.8M Reduce -1.3%
VTWO Vanguard Russell 2000 ETF 0.23% 17,438 $1.7M No change
MATX Matson Inc. 0.22% 13,196 $1.6M Reduce -48.5%
IWR iShares Russell Mid-Cap ETF 0.21% 16,047 $1.5M Reduce -0.1%
VWO Vanguard Ftse Emerging Marke 0.20% 28,382 $1.5M No change
IJT iShares S&P Small-Cap 600 GR 0.20% 10,664 $1.5M Reduce -10.6%
IJS iShares S&P Small-Cap 600 Va 0.20% 13,042 $1.5M Reduce -12.3%
IWD iShares Russell 1000 Value E 0.19% 6,771 $1.4M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.17% 4,352 $1.3M Reduce -1.3%
BOH Bank of Hawaii Corp. filed as BANK HAWAII CORP 0.16% 17,422 $1.2M Reduce -45.5%
SHYG iShares 0-5 YR HY Corp. Bond 0.15% 26,569 $1.1M Add +4.7%
ABT Abbott Laboratories 0.14% 8,448 $1.1M Reduce -1.8%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.11% 1,762 $847K No change
CATH Global X S&P 500 Ca Val ETF 0.11% 9,720 $799K Reduce -6.3%
CVX Chevron Corp. 0.09% 4,416 $673K Reduce -64.4%
META Meta Platforms Inc. Class A 0.08% 935 $617K Reduce -33.4%
CAT Caterpillar Inc. 0.08% 1,000 $573K Reduce -5.3%
XOM Exxon Mobil Corp. 0.07% 4,229 $509K Reduce -13.3%
PRFZ Inv Rafi US 1500 SM-Usd Inc. 0.06% 9,855 $452K No change
ALEX Alexander & Baldwin Inc. 0.06% 21,861 $451K No change
GOOG Alphabet Inc. Class C 0.06% 1,400 $439K Reduce -18.3%
ACWI iShares MSCI Acwi ETF 0.06% 3,083 $436K No change
EAGG iShares ESG Aware US Aggrega 0.06% 8,979 $430K No change
QQQ Invesco QQQ Trust Series 1 0.06% 689 $423K No change
JNJ Johnson & Johnson 0.05% 1,822 $377K Reduce -3.0%
RSP Invesco S&P 500 Equal Weight 0.05% 1,920 $368K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.05% 1,835 $350K No change
IWM iShares Russell 2000 ETF 0.05% 1,401 $345K Reduce -1.0%
XLK SS Technology Select Sector 0.04% 2,330 $335K No change
COR Cencora Inc. 0.04% 990 $334K Reduce -1.2%
WM Waste Management Inc. 0.04% 1,450 $319K Reduce -1.5%
GE General Electric filed as GE AEROSPACE 0.04% 1,004 $309K Reduce -9.9%
MA Mastercard Inc. Class A 0.04% 500 $285K Reduce -55.9%
IWS iShares Russell Mid-Cap Valu 0.04% 1,962 $277K No change
COF Capital One Financial Corp. 0.03% 1,019 $247K Reduce -1.0%
VCIT Vanguard Int-Term Corporate 0.03% 2,932 $246K No change
VNQ Vanguard Real Estate ETF 0.03% 2,705 $239K Reduce -40.2%
BMY Bristol-Myers Squibb Co. 0.03% 4,435 $239K No change
IWP iShares Russell Mid-Cap Grow 0.03% 1,734 $237K No change
BND Vanguard Total Bond Market 0.03% 3,164 $234K No change
SGOV iShares 0-3 Month Treasury B 0.03% 2,224 $223K No change
TIP iShares Tips Bond ETF 0.03% 1,936 $213K Reduce -22.2%
GSLC Goldman Activebeta US LC ETF 0.03% 1,586 $210K No change
SUB iShares Short-Term National 0.03% 1,935 $206K No change
SYY Sysco Corp. 0.03% 2,753 $203K Reduce -2.2%
LLY Eli Lilly & Co. 0.03% 188 $202K Reduce -61.9%
T AT&T Inc. 0.03% 8,101 $201K Reduce -0.5%

Portfolio Sells Q3 2025 → Q4 2025
SPY SS SPDR S&P 500 ETF Trust-US Reduce -67.8% 0.53% −1.01
IVV iShares Core S&P 500 ETF Reduce -7.3% 33.03% −0.53
IJH iShares Core S&P Midcap ETF Reduce -27.4% 1.03% −0.32
AAPL Apple Inc. Reduce -39.4% 0.36% −0.18
CVX Chevron Corp. Reduce -64.4% 0.09% −0.16
NVDA Nvidia Corp. Sold out 0.00% −0.15
IVE iShares S&P 500 Value ETF Reduce -10.5% 2.92% −0.14
IJR iShares Core S&P Small-Cap E Reduce -23.6% 0.51% −0.13
QUS SS SPDR MSCI U Stratfact ETF Reduce -18.5% 0.77% −0.13
MSFT Microsoft Corp. Reduce -26.6% 0.30% −0.12
BOH Bank of Hawaii Corp. Reduce -45.5% 0.16% −0.11
MATX Matson Inc. Reduce -48.5% 0.22% −0.11
VTIP Vanguard Short-Term Tips Reduce -16.3% 0.50% −0.09
DON Wisdomtree US Midcap Dividen Reduce -18.1% 0.43% −0.08
GOOGL Alphabet Inc. Class A Sold out 0.00% −0.07
AMZN Amazon.com Inc. Sold out 0.00% −0.05
META Meta Platforms Inc. Class A Reduce -33.4% 0.08% −0.05
MA Mastercard Inc. Class A Reduce -55.9% 0.04% −0.04
VYMI Vanguard Int High DVD YLD Inc. Reduce -10.3% 3.81% −0.04
TSM Taiwan Semiconductor-SP ADR Sold out 0.00% −0.03
IJJ iShares S&P Mid-Cap 400 Valu Reduce -11.2% 0.41% −0.03
V Visa Inc. Class A Sold out 0.00% −0.03
IJK iShares S&P Mid-Cap 400 Grow Reduce -10.6% 0.42% −0.03
LLY Eli Lilly & Co. Reduce -61.9% 0.03% −0.02
VNQ Vanguard Real Estate ETF Reduce -40.2% 0.03% −0.02
IJT iShares S&P Small-Cap 600 GR Reduce -10.6% 0.20% −0.02
IJS iShares S&P Small-Cap 600 Va Reduce -12.3% 0.20% −0.01
TIP iShares Tips Bond ETF Reduce -22.2% 0.03% −0.01
ABT Abbott Laboratories Reduce -1.8% 0.14% −0.01
QEFA STSR SPD MSC Eaf Stgfs-US Inc. Reduce -6.9% 1.67% −0.01
XOM Exxon Mobil Corp. Reduce -13.3% 0.07% −0.00
T AT&T Inc. Reduce -0.5% 0.03% −0.00
SYY Sysco Corp. Reduce -2.2% 0.03% −0.00
GE General Electric Reduce -9.9% 0.04% −0.00
CATH Global X S&P 500 Ca Val ETF Reduce -6.3% 0.11% −0.00
ABBV Abbvie Inc. Reduce -2.5% 0.24% −0.00
WM Waste Management Inc. Reduce -1.5% 0.04% +0.00
IWM iShares Russell 2000 ETF Reduce -1.0% 0.05% +0.00
COR Cencora Inc. Reduce -1.2% 0.04% +0.00
COF Capital One Financial Corp. Reduce -1.0% 0.03% +0.00
GOOG Alphabet Inc. Class C Reduce -18.3% 0.06% +0.00
JNJ Johnson & Johnson Reduce -3.0% 0.05% +0.01
IWR iShares Russell Mid-Cap ETF Reduce -0.1% 0.21% +0.01
MCD McDonald's Corp. Reduce -1.3% 0.23% +0.01
CAT Caterpillar Inc. Reduce -5.3% 0.08% +0.01
IBM Intl Business Machines Corp. Reduce -1.3% 0.17% +0.01
WMT Walmart Inc. Reduce -5.2% 0.26% +0.02
IWV iShares Russell 3000 ETF Reduce -1.5% 0.44% +0.02
IVW iShares S&P 500 Growth ETF Reduce -4.8% 4.12% +0.04
ITOT iShares Core S&P Total U.S. Reduce -1.4% 1.42% +0.06

Portfolio Buys Q3 2025 → Q4 2025
VOO Vanguard S&P 500 ETF New 0.88% +0.88
DYNF Ishrs US E F R A ETF-Usd Inc. Add +7.3% 2.97% +0.37
VXF Vanguard Extended Market ETF Add +8.3% 2.97% +0.32
AGG iShares Core U.S. Aggregate Add +7.3% 3.16% +0.31
JEPI JPMorgan Equity Premium Inco Add +10.8% 1.40% +0.18
IEMG iShares Core MSCI Emerging Add +4.0% 1.93% +0.17
AVEM Avantis Emerging Markets Eq Add +7.7% 1.02% +0.13
DIVI Franklin International Core Add +6.0% 0.98% +0.13
VB Vanguard Most SM-Cap ETF-Usd Add +7.9% 0.66% +0.08
PGX Invesco Preferred ETF Add +6.1% 0.39% +0.02
BSV Vanguard Short-Term Bond ETF Add +1.6% 0.44% +0.02
BNDX Vanguard Total Intl Bond ETF Add +5.3% 0.28% +0.02
SHYG iShares 0-5 YR HY Corp. Bond Add +4.7% 0.15% +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