First Wilshire Securities Management Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), First Wilshire Securities Management Inc. reported 87 stock positions worth $397.5 million. Its top holding was iShares 0-3 Month Treasury B (SGOV) at 9.7% of the portfolio, followed by Ezcorp Class A (EZPW, 8.5%) and Liberty Global Class A (LBTYA, 6.5%). Compared with Q3 2025, it opened 6 new positions, sold out of 3, added to 13 and reduced 41. The biggest buy was iShares 0-3 Month Treasury B (SGOV, shares +115%) and the biggest sale Camtek (CAMT, shares −49%).

Most Recent 13F
Q2 2026
Location
PASADENA, CA
CIK
0000732847
Portfolio Value
$397.5M (Q4 2025)
SEC Filing
0000732847-26-000001 ↗ filed Feb 12, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $341.9M Q1 2024 Q2 2024: $326.9M Q2 2024 Q3 2024: $355.9M Q3 2024 Q4 2024: $368.1M Q4 2024 Q1 2025: $348.7M Q1 2025 Q2 2025: $367.2M Q2 2025 Q3 2025: $375.8M Q3 2025 Q4 2025: $397.5M $397.5M Q4 2025 Q1 2026: $443.9M Q1 2026 Q2 2026: $485.7M Q2 2026

Holdings 87 stocks · $397.5M
SGOV iShares 0-3 Month Treasury B 9.70% 384,024 $38.5M Add +115.2%
EZPW Ezcorp Inc. Class A 8.50% 1,739,001 $33.8M Reduce -20.5%
LBTYA Liberty Global Ltd. Class A 6.47% 2,307,400 $25.7M Reduce -0.1%
ECVT Ecovyst Inc. 5.32% 2,174,934 $21.2M Reduce -0.4%
SD Sandridge Energy Inc. 5.09% 1,400,977 $20.2M Add +5.2%
NWPX NWPX Infrastructure Inc. 4.64% 295,151 $18.4M Reduce -8.1%
TPH Tri Pointe Homes Inc. 3.49% 441,265 $13.9M Reduce -0.3%
GIFI Gulf Island Fabrication Inc. 3.04% 1,010,693 $12.1M Reduce -0.3%
GILT Gilat Satellite Networks Ltd. 3.04% 934,707 $12.1M Reduce -6.2%
AVNW Aviat Networks Inc. 2.82% 524,231 $11.2M Reduce -0.1%
MLR Miller Industries Inc. 2.81% 298,801 $11.2M Add +980.1%
CAMT Camtek Ltd. 2.79% 104,360 $11.1M Reduce -49.4%
HUN Huntsman Corp. 2.54% 1,010,970 $10.1M Reduce -10.4%
BRK.B Berkshire Hathaway Inc. Class B 2.22% 17,520 $8.8M Reduce -0.5%
CRNT Ceragon Networks Ltd. 2.17% 4,113,792 $8.6M Reduce -3.6%
BIL SS SPDR BB 1-3M T-Bill ETF 2.14% 93,306 $8.5M Add +30.0%
IOSP Innospec Inc. 1.94% 100,574 $7.7M New
TPC Tutor Perini Corp. 1.91% 113,118 $7.6M Reduce -0.1%
MTRX Matrix Service Co. 1.80% 613,017 $7.2M Reduce -11.5%
RELL Richardson Elec Ltd. 1.61% 589,944 $6.4M Reduce -9.8%
ROCK Gibraltar Industries Inc. 1.60% 128,938 $6.4M Reduce -26.4%
IMAX Imax Corp. 1.37% 147,530 $5.5M Reduce -0.1%
ORN Orion Group Holdings Inc. 1.33% 530,567 $5.3M Reduce -0.0%
EWBC East West Bancorp Inc. 1.31% 46,187 $5.2M Reduce -0.1%
ANDE The Andersons Inc. 1.27% 94,788 $5.0M Reduce -0.2%
LBTYK Liberty Global Ltd. Class C 1.19% 427,995 $4.7M Reduce -4.3%
AGM Federal Agric MTG Corp. Class C 1.18% 26,616 $4.7M Add +0.3%
LXFR Luxfer Holdings PLC 1.16% 339,720 $4.6M Reduce -2.1%
SILC Silicom Ltd. 1.13% 304,808 $4.5M Reduce -17.1%
VTS Vitesse Energy Inc. 1.07% 219,952 $4.2M Reduce -1.6%
SIGA Siga Technologies Inc. 1.05% 684,053 $4.2M Reduce -0.6%
PCYO Pure Cycle Corp. 1.02% 370,660 $4.1M Add +130.7%
CRD.A Crawford & Company Class A 0.99% 349,431 $3.9M Reduce -0.1%
RBBN Ribbon Communications Inc. 0.92% 1,267,586 $3.7M Reduce -2.9%
LMNR Limoneira Co. 0.83% 260,187 $3.3M Add +1.5%
JEF Jefferies Financial Group Inc. 0.81% 52,173 $3.2M Reduce -0.2%
MSFT Microsoft Corp. 0.49% 4,000 $1.9M No change
MX Magnachip Semiconductor Corp. 0.47% 732,857 $1.9M Add +53.8%
CRD.B Crawford & Co. Class B 0.38% 141,728 $1.5M Reduce -0.3%
XLY SS Consumer Disc Select Sect 0.35% 11,596 $1.4M No change
SCHD Schwab US DVD Equity ETF 0.30% 43,875 $1.2M No change
XLK SS Technology Select Sector 0.29% 7,900 $1.1M No change
SGC Superior Group of Cos Inc. 0.28% 113,677 $1.1M Reduce -17.6%
SIRI Sirius XM Holdings Inc. 0.25% 50,409 $1.0M Reduce -42.7%
GE General Electric filed as GE AEROSPACE 0.25% 3,190 $983K No change
VOO Vanguard S&P 500 ETF 0.24% 1,533 $961K No change
VHT Vanguard Health Care ETF 0.22% 3,050 $878K No change
CHKP Check Point Software Tech 0.20% 4,314 $801K Reduce -0.5%
MPC Marathon Petroleum Corp. 0.20% 4,786 $778K No change
TTEK Tetra Tech Inc. 0.18% 21,500 $721K No change
SHEL Shell PLC-ADR 0.18% 9,635 $708K No change
IHI iShares U.S. Medical Devices 0.18% 11,300 $702K No change
XLF SS Financial Select Sector 0.16% 11,950 $655K No change
AMZN Amazon.com Inc. 0.16% 2,709 $625K Reduce -0.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.16% 11,322 $623K Reduce -0.5%
CSCO Cisco Systems Inc. 0.15% 7,675 $591K No change
SHV iShares 0-1 Year Treasury Bo 0.15% 5,338 $588K Add +1.3%
BABA Alibaba Group Holding-SP ADR 0.14% 3,848 $564K No change
GOOGL Alphabet Inc. Class A 0.14% 1,767 $553K Reduce -14.6%
QQQM Invesco Nasdaq 100 ETF 0.13% 2,043 $517K Add +82.4%
JNJ Johnson & Johnson 0.12% 2,278 $471K Reduce -1.2%
HD Home Depot Inc. 0.11% 1,325 $456K No change
CMC Commercial Metals Co. 0.11% 6,500 $450K No change
ABT Abbott Laboratories 0.11% 3,475 $435K Reduce -13.1%
IYT iShares US Transportation Et 0.10% 5,600 $417K No change
XLC SS Comm Select Sector SPDR 0.10% 3,500 $412K No change
DGX Quest Diagnostics Inc. 0.10% 2,350 $408K No change
J Jacobs Solutions Inc. 0.10% 3,025 $401K No change
VYM Vanguard High DVD Yield ETF 0.09% 2,600 $373K No change
IVES Dan Wedbush AI Rev ETF 0.09% 11,500 $364K New
CUBI Customers Bancorp Inc. 0.09% 4,900 $358K No change
GEV GE Vernova Inc. 0.09% 533 $348K No change
JPM JPMorgan Chase & Co. 0.08% 993 $320K No change
STZ Constellation Brands Inc. Class A 0.08% 2,260 $312K Add +44.9%
IVV iShares Core S&P 500 ETF 0.08% 452 $310K No change
PG The Procter & Gamble Co. 0.07% 1,990 $285K Reduce -0.5%
C Citigroup Inc. 0.07% 2,362 $276K Add +0.5%
CVX Chevron Corp. 0.07% 1,705 $260K No change
PSTL Postal Realty Trust Inc. Class A 0.07% 16,080 $260K Add +4.7%
AAPL Apple Inc. 0.06% 860 $234K Reduce -0.1%
MRK Merck & Co. Inc. 0.05% 2,065 $217K New
KO The Coca-Cola Co. 0.05% 3,000 $210K New
SHY iShares 1-3 Year Treasury Bo 0.05% 2,486 $206K Reduce -14.8%
PFE Pfizer Inc. 0.05% 8,087 $201K New
XOM Exxon Mobil Corp. 0.05% 1,665 $200K New
PFXF Vaneck Pref Sec X-Financials 0.05% 10,297 $182K Reduce -1.6%
SEED Origin Agritech Ltd. 0.01% 19,500 $22K No change

Portfolio Sells Q3 2025 → Q4 2025
CAMT Camtek Ltd. Reduce -49.4% 2.79% −2.98
EZPW Ezcorp Inc. Class A Reduce -20.5% 8.50% −2.59
ROCK Gibraltar Industries Inc. Reduce -26.4% 1.60% −1.32
SIGA Siga Technologies Inc. Reduce -0.6% 1.05% −0.62
MTRX Matrix Service Co. Reduce -11.5% 1.80% −0.61
SILC Silicom Ltd. Reduce -17.1% 1.13% −0.61
LBTYA Liberty Global Ltd. Class A Reduce -0.1% 6.47% −0.58
TPH Tri Pointe Homes Inc. Reduce -0.3% 3.49% −0.51
CRNT Ceragon Networks Ltd. Reduce -3.6% 2.17% −0.47
GILT Gilat Satellite Networks Ltd. Reduce -6.2% 3.04% −0.41
RBBN Ribbon Communications Inc. Reduce -2.9% 0.92% −0.40
AVNW Aviat Networks Inc. Reduce -0.1% 2.82% −0.38
VTS Vitesse Energy Inc. Reduce -1.6% 1.07% −0.32
SIRI Sirius XM Holdings Inc. Reduce -42.7% 0.25% −0.29
LBTYK Liberty Global Ltd. Class C Reduce -4.3% 1.19% −0.21
HUN Huntsman Corp. Reduce -10.4% 2.54% −0.15
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.5% 2.22% −0.14
LXFR Luxfer Holdings PLC Reduce -2.1% 1.16% −0.13
SGC Superior Group of Cos Inc. Reduce -17.6% 0.28% −0.12
JEF Jefferies Financial Group Inc. Reduce -0.2% 0.81% −0.10
RELL Richardson Elec Ltd. Reduce -9.8% 1.61% −0.09
TPC Tutor Perini Corp. Reduce -0.1% 1.91% −0.07
CHINA FUND INC Sold out 0.00% −0.07
NEAR iShares SH Dba ETF Usd Inc. Sold out 0.00% −0.06
BILS SS Spdrb B 3-12M T-Bill ETF Sold out 0.00% −0.05
CHKP Check Point Software Tech Reduce -0.5% 0.20% −0.04
ABT Abbott Laboratories Reduce -13.1% 0.11% −0.03
SHY iShares 1-3 Year Treasury Bo Reduce -14.8% 0.05% −0.01
PG The Procter & Gamble Co. Reduce -0.5% 0.07% −0.01
CRD.A Crawford & Company Class A Reduce -0.1% 0.99% −0.01
PFXF Vaneck Pref Sec X-Financials Reduce -1.6% 0.05% −0.00
EWBC East West Bancorp Inc. Reduce -0.1% 1.31% −0.00
AMZN Amazon.com Inc. Reduce -0.1% 0.16% −0.00
AAPL Apple Inc. Reduce -0.1% 0.06% +0.00
BAC Bank of America Corp. Reduce -0.5% 0.16% +0.00
JNJ Johnson & Johnson Reduce -1.2% 0.12% +0.00
GOOGL Alphabet Inc. Class A Reduce -14.6% 0.14% +0.01
CRD.B Crawford & Co. Class B Reduce -0.3% 0.38% +0.01
IMAX Imax Corp. Reduce -0.1% 1.37% +0.08
NWPX NWPX Infrastructure Inc. Reduce -8.1% 4.64% +0.12
ORN Orion Group Holdings Inc. Reduce -0.0% 1.33% +0.15
ECVT Ecovyst Inc. Reduce -0.4% 5.32% +0.24
ANDE The Andersons Inc. Reduce -0.2% 1.27% +0.26
GIFI Gulf Island Fabrication Inc. Reduce -0.3% 3.04% +1.15

Portfolio Buys Q3 2025 → Q4 2025
SGOV iShares 0-3 Month Treasury B Add +115.2% 9.70% +4.91
MLR Miller Industries Inc. Add +980.1% 2.81% +2.51
IOSP Innospec Inc. New 1.94% +1.94
SD Sandridge Energy Inc. Add +5.2% 5.09% +1.09
PCYO Pure Cycle Corp. Add +130.7% 1.02% +0.55
BIL SS SPDR BB 1-3M T-Bill ETF Add +30.0% 2.14% +0.39
IVES Dan Wedbush AI Rev ETF New 0.09% +0.09
MX Magnachip Semiconductor Corp. Add +53.8% 0.47% +0.07
QQQM Invesco Nasdaq 100 ETF Add +82.4% 0.13% +0.06
MRK Merck & Co. Inc. New 0.05% +0.05
KO The Coca-Cola Co. New 0.05% +0.05
PFE Pfizer Inc. New 0.05% +0.05
XOM Exxon Mobil Corp. New 0.05% +0.05
STZ Constellation Brands Inc. Class A Add +44.9% 0.08% +0.02
C Citigroup Inc. Add +0.5% 0.07% +0.01
PSTL Postal Realty Trust Inc. Class A Add +4.7% 0.07% +0.00
SHV iShares 0-1 Year Treasury Bo Add +1.3% 0.15% −0.01
AGM Federal Agric MTG Corp. Class C Add +0.3% 1.18% −0.01
LMNR Limoneira Co. Add +1.5% 0.83% −0.19

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 82$485.7MSGOV, ECVT, LBTYA, NWPX, EZPW
Q1 2026 85$443.9MSGOV, LBTYA, ECVT, SD, TPH
Q4 2025 87$397.5MSGOV, EZPW, LBTYA, ECVT, SD
Q3 2025 84$375.8MEZPW, LBTYA, CAMT, ECVT, SGOV
Q2 2025 83$367.2MSGOV, EZPW, CAMT, LBTYA, ECVT
Q1 2025 78$348.7MSGOV, EZPW, LBTYA, MTRX, ECVT
Q4 2024 86$368.1MSGOV, LBTYA, EZPW, SNREY, MTRX
Q3 2024 84$355.9MLBTYA, SGOV, EZPW, SD, LMNR
Q2 2024 80$326.9MLBTYA, SGOV, EZPW, SIGA, BIL
Q1 2024 82$341.9MLBTYA, EZPW, SGOV, MTRX, SIGA