First Trust Bank, Ltd.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), First Trust Bank, Ltd. reported 4 stock positions worth $27.2 million. Its top holding was SPDR Gold Shares (GLD) at 46.3% of the portfolio, followed by iShares 0-5 Year Tips Bond E (STIP, 24.8%) and Iqvia (IQV, 16.2%). Compared with Q4 2024, it opened 1 new position, sold out of 2 and added to 1. The biggest buy was SPDR Gold Shares (GLD, shares +24%) and the biggest sale an exit from SS SPDR P St Term TSY ETF (SPTS).

Most Recent 13F
Q2 2026
Location
NASSAU, C5
CIK
0001406026
Portfolio Value
$27.2M (Q1 2025)
SEC Filing
0000945621-25-000475 ↗ filed May 14, 2025

Holdings Value

0$20.0M$40.0M$60.0M Q1 2024: $44.7M Q1 2024 Q2 2024: $33.7M Q2 2024 Q3 2024: $35.4M Q3 2024 Q4 2024: $34.7M Q4 2024 Q1 2025: $27.2M $27.2M Q1 2025 Q2 2025: $18.9M Q2 2025 Q3 2025: $43.7M Q3 2025 Q4 2025: $45.0M Q4 2025 Q1 2026: $50.9M Q1 2026 Q2 2026: $49.8M Q2 2026

Holdings 4 stocks · $27.2M
GLD SPDR Gold Shares 46.30% 43,770 $12.6M Add +24.3%
STIP iShares 0-5 Year Tips Bond E 24.84% 65,390 $6.8M No change
IQV Iqvia Holdings Inc. 16.19% 25,017 $4.4M No change
TSM Taiwan Semiconductor-SP ADR 12.68% 20,800 $3.5M New

Portfolio Sells Q4 2024 → Q1 2025
SPTS SS SPDR P St Term TSY ETF Sold out 0.00% −37.33
EMXC iShares MSCI Emr MRK Ex Chna Sold out 0.00% −4.98

Portfolio Buys Q4 2024 → Q1 2025
GLD SPDR Gold Shares Add +24.3% 46.30% +21.73
TSM Taiwan Semiconductor-SP ADR New 12.68% +12.68

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 8$49.8MEMB, STIP, PICK, GLD, AVGO
Q1 2026 7$50.9MEMB, GLD, STIP, PICK, SNPS
Q4 2025 5$45.0MEMB, PICK, GLD, HDB, TMO
Q3 2025 4$43.7MGLD, EMB, SPTS, TSM
Q2 2025 2$18.9MGLD, HDB
Q1 2025 4$27.2MGLD, STIP, IQV, TSM
Q4 2024 5$34.7MSPTS, GLD, STIP, IQV, EMXC
Q3 2024 5$35.4MSPTS, GLD, STIP, FLJP, EMXC
Q2 2024 5$33.7MSPTS, GLD, STIP, FLJP, EMXC
Q1 2024 6$44.7MSPTS, FLJP, GLD, STIP, IWM