First Wilshire Securities Management Inc 13F annual report

First Wilshire Securities Management Inc is an investment fund managing more than $342 million ran by Howard Lu. There are currently 74 companies in Mr. Lu’s portfolio. The largest investments include Liberty Global Ltd and EZCorp, together worth $66.3 million.

Limited to 30 biggest holdings

$342 million Assets Under Management (AUM)

As of 8th May 2024, First Wilshire Securities Management Inc’s top holding is 2,259,190 shares of Liberty Global Ltd currently worth over $38.6 million and making up 11.3% of the portfolio value. Relative to the number of outstanding shares of Liberty Global Ltd, First Wilshire Securities Management Inc owns more than approximately 0.1% of the company. In addition, the fund holds 2,446,589 shares of EZCorp worth $27.7 million, whose value grew 20.1% in the past six months. The third-largest holding is Ishares Tr worth $26 million and the next is Matrix Svc Co worth $25.4 million, with 1,950,639 shares owned.

Currently, First Wilshire Securities Management Inc's portfolio is worth at least $342 million. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at First Wilshire Securities Management Inc

The First Wilshire Securities Management Inc office and employees reside in Pasadena, California. According to the last 13-F report filed with the SEC, Howard Lu serves as the Chief Executive Officer at First Wilshire Securities Management Inc.

Recent trades

In the most recent 13F filing, First Wilshire Securities Management Inc revealed that it had opened a new position in Liberty Global Ltd and bought 2,259,190 shares worth $38.6 million. This means they effectively own approximately 0.1% of the company. Liberty Global Ltd makes up 87.2% of the fund's Communication Services sector allocation and has decreased its share price by 3.2% in the past year.

The investment fund also strengthened its position in SIGA Technologies Inc by buying 1,219,368 additional shares. This makes their stake in SIGA Technologies Inc total 2,654,255 shares worth $22.7 million. SIGA Technologies Inc soared 35.3% in the past year.

On the other hand, there are companies that First Wilshire Securities Management Inc is getting rid of from its portfolio. First Wilshire Securities Management Inc closed its position in Liberty Global Plc Shs on 15th May 2024. It sold the previously owned 1,909,548 shares for $33.7 million. Howard Lu also disclosed a decreased stake in EZCorp by approximately 0.1%. This leaves the value of the investment at $27.7 million and 2,446,589 shares.

One of the smallest hedge funds

The two most similar investment funds to First Wilshire Securities Management Inc are Hawsgoodwin Investment Management and Wolff Management. They manage $342 million and $342 million respectively.


Howard Lu investment strategy

First Wilshire Securities Management Inc’s portfolio is diversified across 10 sectors. Currently, their heaviest sector is Finance — making up 13.3% of the total portfolio value. The fund focuses on investments in the United States as 40.5% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 19% of the total holdings value. On the other hand, small-cap stocks make up only 2.7% of the portfolio. The average market cap of the portfolio companies is close to $195 billion.

The complete list of First Wilshire Securities Management Inc trades based on 13F SEC filings

These positions were updated on May 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Liberty Global Ltd
Opened
2,259,190
$38,570,000 11.28%
Liberty Global Plc Shs
Closed
1,909,548
$33,710,000
EZCorp, Inc.
7.31%
2,446,589
$27,720,000 8.11%
Ishares Tr
Opened
257,394
$25,972,000 7.60%
Matrix Svc Co
14.95%
1,950,639
$25,417,000 7.43%
SIGA Technologies Inc
84.98%
2,654,255
$22,720,000 6.65%
Spdr Ser Tr
418.83%
224,963
$20,652,000 6.04%
Sandridge Energy Inc
3.38%
1,311,613
$19,110,000 5.59%
Vistra Corp
Closed
594,602
$15,608,000
Limoneira Co
11.66%
699,261
$13,678,000 4.00%
Ecovyst Inc
57.16%
1,075,195
$11,988,000 3.51%
Northwest Pipe Co.
7.18%
296,393
$10,279,000 3.01%
Ceragon Networks Ltd
18.68%
3,018,748
$9,660,000 2.83%
AXT Inc
3.89%
2,047,719
$9,399,000 2.75%
Silicom Ltd
15.51%
509,336
$7,564,000 2.21%
Berkshire Hathaway Inc.
1.13%
17,938
$7,543,000 2.21%
Gulf Is Fabrication Inc
5.44%
998,919
$7,342,000 2.15%
Superior Group Of Co Inc
57.50%
373,769
$6,175,000 1.81%
Federal Agric Mtg Corp
38.59%
28,780
$5,666,000 1.66%
Manitex International Inc
23.00%
817,246
$5,606,000 1.64%
Tutor Perini Corp
5.71%
293,342
$4,242,000 1.24%
Gilat Satellite Networks
299.04%
777,769
$4,223,000 1.24%
East West Bancorp, Inc.
31.86%
51,683
$4,089,000 1.20%
Richardson Electrs Ltd
6.93%
426,620
$3,929,000 1.15%
Crawford & Company
40.98%
577,551
$5,387,000 1.58%
Luxfer Hldgs Plc
38.87%
374,486
$3,883,000 1.14%
Huntsman Corp
Closed
142,940
$3,862,000
Ribbon Communications Inc
35.04%
1,174,355
$3,758,000 1.10%
Andersons Inc.
34.02%
62,946
$3,611,000 1.06%
Jefferies Finl Group Inc
55.03%
70,400
$3,105,000 0.91%
ANI Pharmaceuticals Inc
Closed
56,244
$3,028,000
Liberty Media Corp.
Opened
64,779
$1,924,000 0.56%
Microsoft Corporation
No change
4,000
$1,683,000 0.49%
Fgi Industries Ltd
5.34%
869,186
$1,295,000 0.38%
Schwab Strategic Tr
No change
14,625
$1,179,000 0.34%
Bank America Corp
6.80%
30,562
$1,159,000 0.34%
Select Sector Spdr Tr
3.04%
21,698
$2,392,000 0.70%
Camtek Ltd
82.71%
12,281
$1,029,000 0.30%
Invesco Actively Managed Etf
Closed
20,141
$1,000,000
Marathon Pete Corp
No change
4,786
$964,000 0.28%
Adams Res & Energy Inc
No change
31,962
$927,000 0.27%
Terran Orbital Corporation
Opened
694,133
$909,000 0.27%
Tetra Tech, Inc.
No change
4,800
$887,000 0.26%
Vanguard World Fd
No change
3,050
$825,000 0.24%
Vitesse Energy Inc
4.54%
32,726
$777,000 0.23%
Vanguard Index Fds S&p 500 Etf
No change
1,533
$737,000 0.22%
Ishares Tr
29.90%
21,964
$1,758,000 0.51%
Check Point Software Tech Lt
No change
4,303
$706,000 0.21%
Amazon
42.30%
3,911
$705,000 0.21%
Commercial Metals Co.
No change
11,500
$676,000 0.20%
Shell Plc
2.08%
9,365
$628,000 0.18%
Jacobs Solutions Inc
No change
4,025
$619,000 0.18%
General Electric Co
3.13%
3,463
$608,000 0.18%
Alphabet Inc Cap Stk
14.87%
4,003
$604,000 0.18%
Customers Bancorp Inc
No change
9,900
$525,000 0.15%
Home Depot, Inc.
No change
1,325
$508,000 0.15%
Abbott Labs
0.87%
4,000
$455,000 0.13%
Proshares Tr
No change
13,680
$451,000 0.13%
Landstar Sys Inc
No change
2,300
$443,000 0.13%
Liberty Media Corp.
Closed
13,193
$432,000
Cisco Sys Inc
No change
7,950
$397,000 0.12%
CVS Health Corp
No change
4,607
$367,000 0.11%
Ishares U S Etf Tr
7.91%
6,987
$352,000 0.10%
Johnson & Johnson
12.01%
2,197
$348,000 0.10%
Wisdomtree Tr
85.88%
15,242
$337,000 0.10%
Procter And Gamble Co
No change
2,000
$325,000 0.10%
Vanguard Whitehall Fds
No change
2,600
$315,000 0.09%
Quest Diagnostics, Inc.
No change
2,350
$313,000 0.09%
Apple Inc
4.67%
1,754
$301,000 0.09%
Merck & Co Inc
No change
2,131
$281,000 0.08%
Chevron Corp.
No change
1,650
$260,000 0.08%
Vaneck Etf Tru
No change
14,000
$248,000 0.07%
Select Sector Spdr Tr
Opened
3,000
$245,000 0.07%
JPMorgan Chase & Co.
29.32%
1,215
$243,000 0.07%
Pfizer Inc.
14.32%
8,378
$232,000 0.07%
Verizon Communications Inc
Closed
6,054
$225,000
Alibaba Group Hldg Ltd
Opened
2,890
$209,000 0.06%
Daktronics Inc.
No change
17,100
$170,000 0.05%
China Fd Inc
14.83%
16,674
$167,000 0.05%
Blackrock Cr Allocation Inco
Closed
10,272
$104,000
Origin Agritech Limited
No change
19,500
$79,000 0.02%
Bm Technologies Inc Cl A
Closed
22,302
$66,000
PAVmed Inc.
Closed
100,000
$41,000
Soligenix Inc
No change
23,334
$14,000 0.00%
Lottery
Closed
63,636
$13,000
No transactions found
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