First Inc me/ 13F annual report
First Inc me/ is an investment fund managing more than $135 billion ran by Peter Nicholson. There are currently 81 companies in Mr. Nicholson’s portfolio. The largest investments include First Bancorp and Vanguard, together worth $64.2 billion.
$135 billion Assets Under Management (AUM)
As of 16th July 2024, First Inc me/’s top holding is 732,959 shares of First Bancorp currently worth over $18.2 billion and making up 13.5% of the portfolio value.
Relative to the number of outstanding shares of First Bancorp, First Inc me/ owns more than approximately 0.1% of the company.
In addition, the fund holds 403,291 shares of Vanguard worth $46 billion.
The third-largest holding is Apple Inc worth $6.36 billion and the next is Microsoft worth $4.72 billion, with 10,567 shares owned.
Currently, First Inc me/'s portfolio is worth at least $135 billion. 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 Inc me/
The First Inc me/ office and employees reside in Damariscotta, Maine. According to the last 13-F report filed with the SEC, Peter Nicholson serves as the EVP, Chief Fiduciary Officer at First Inc me/.
Recent trades
In the most recent 13F filing, First Inc me/ revealed that it had opened a new position in
Enterprise Products Partners Lp and bought 10,331 shares worth $299 million.
The investment fund also strengthened its position in First Bancorp by buying
5,755 additional shares.
This makes their stake in First Bancorp total 732,959 shares worth $18.2 billion.
First Bancorp dropped approximately 0.1% in the past year.
On the other hand, there are companies that First Inc me/ is getting rid of from its portfolio.
First Inc me/ closed its position in Intel on 23rd July 2024.
It sold the previously owned 6,347 shares for $280 million.
Peter Nicholson also disclosed a decreased stake in Vanguard by approximately 0.1%.
This leaves the value of the investment at $46 billion and 403,291 shares.
One of the smallest hedge funds
The two most similar investment funds to First Inc me/ are Blue Creek Capital Management Ltd and Creegan & Nassoura. They manage $135 billion and $135 billion respectively.
Peter Nicholson investment strategy
First Inc me/’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Finance — making up 17.1% of
the total portfolio value.
The fund focuses on investments in the United States as
74.1% 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
70% of the total holdings value.
On the other hand, small-cap stocks make up only 2.5% of the portfolio.
The average market cap of the portfolio companies is close to $243 billion.
The complete list of First Inc me/ trades based on 13F SEC filings
These positions were updated on July 23rd 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 |
|---|---|---|---|
| First Bancorp |
0.79%
732,959
|
$18,214,033,000 | 13.46% |
| Vanguard |
0.49%
403,291
|
$46,010,736,000 | 34.00% |
| Apple Inc |
3.27%
30,201
|
$6,360,936,000 | 4.70% |
| Microsoft Corporation |
3.21%
10,567
|
$4,722,928,000 | 3.49% |
| Ishares |
0.52%
82,847
|
$10,143,624,000 | 7.50% |
| Exxon Mobil Corp. |
1.59%
20,523
|
$2,362,608,000 | 1.75% |
| Amazon.com Inc. |
5.46%
11,559
|
$2,233,778,000 | 1.65% |
| Spdr |
3.30%
87,534
|
$5,955,442,000 | 4.40% |
| Alphabet Inc |
4.36%
15,614
|
$2,852,212,000 | 2.11% |
| Eaton Corp Plc |
122.30%
5,015
|
$1,572,454,000 | 1.16% |
| Procter & Gamble Co. |
3.42%
9,091
|
$1,499,289,000 | 1.11% |
| NVIDIA Corp |
872.72%
10,340
|
$1,277,403,000 | 0.94% |
| Johnson & Johnson |
5.95%
8,159
|
$1,192,520,000 | 0.88% |
| Berkshire Hathaway Inc. |
0.45%
2,846
|
$1,157,753,000 | 0.86% |
| Visa Inc |
0.46%
4,403
|
$1,155,658,000 | 0.85% |
| Jpmorgan |
0.63%
5,627
|
$1,138,118,000 | 0.84% |
| GE Aerospace |
9.48%
6,143
|
$976,553,000 | 0.72% |
| Verizon Communications Inc |
18.00%
21,215
|
$874,908,000 | 0.65% |
| Salesforce Inc |
2.23%
3,162
|
$812,953,000 | 0.60% |
| Spdr S&p 500 |
0.36%
1,399
|
$761,363,000 | 0.56% |
| Pepsico Inc |
0.28%
4,309
|
$710,685,000 | 0.53% |
| AT&T Inc. |
10.05%
34,229
|
$654,117,000 | 0.48% |
| Idexx Labs Inc |
No change
1,341
|
$653,335,000 | 0.48% |
| Cigna Group (The) |
1.87%
1,941
|
$641,639,000 | 0.47% |
| RTX Corp |
2.14%
6,218
|
$624,226,000 | 0.46% |
| Union Pacific Corp. |
75.18%
2,745
|
$621,083,000 | 0.46% |
| Crowdstrike Holdings Inc |
14.56%
1,585
|
$607,358,000 | 0.45% |
| International Business Machines Corp. |
8.00%
3,506
|
$606,366,000 | 0.45% |
| Walmart Inc |
0.12%
8,334
|
$564,294,000 | 0.42% |
| NextEra Energy Inc |
1.14%
7,817
|
$553,523,000 | 0.41% |
| Merck & Co Inc |
0.34%
4,351
|
$538,653,000 | 0.40% |
| Wells Fargo & Co. |
0.58%
8,506
|
$505,171,000 | 0.37% |
| Pfizer Inc. |
27.20%
17,886
|
$500,452,000 | 0.37% |
| Honeywell International Inc |
No change
2,275
|
$485,804,000 | 0.36% |
| Mcdonalds Corp |
5.87%
1,895
|
$482,923,000 | 0.36% |
| Qualcomm, Inc. |
3.03%
2,403
|
$478,632,000 | 0.35% |
| Emerson Electric Co. |
2.97%
4,305
|
$474,238,000 | 0.35% |
| Eli Lilly & Co |
14.03%
521
|
$471,703,000 | 0.35% |
| Advanced Micro Devices Inc. |
1.77%
2,880
|
$467,165,000 | 0.35% |
| Citigroup Inc |
4.11%
7,325
|
$464,845,000 | 0.34% |
| Colgate-Palmolive Co. |
No change
4,758
|
$461,716,000 | 0.34% |
| Disney Walt Co |
17.83%
4,639
|
$460,610,000 | 0.34% |
| Cisco Systems, Inc. |
No change
9,626
|
$457,332,000 | 0.34% |
| Coca-Cola Co |
3.43%
7,124
|
$453,445,000 | 0.34% |
| Us Bancorp |
6.78%
10,993
|
$436,422,000 | 0.32% |
| American Express Co. |
3.19%
1,850
|
$428,369,000 | 0.32% |
| Conocophillips |
No change
3,732
|
$426,868,000 | 0.32% |
| Meta Platforms Inc |
24.46%
814
|
$410,436,000 | 0.30% |
| Fedex Corp |
No change
1,367
|
$409,884,000 | 0.30% |
| Mckesson Corporation |
No change
695
|
$405,908,000 | 0.30% |
| Norfolk Southern Corp. |
0.70%
1,848
|
$396,746,000 | 0.29% |
| Abbott Laboratories |
No change
3,747
|
$389,353,000 | 0.29% |
| Home Depot, Inc. |
No change
1,114
|
$383,484,000 | 0.28% |
| Abbvie Inc |
No change
2,184
|
$374,598,000 | 0.28% |
| Chevron Corp. |
42.43%
2,333
|
$364,931,000 | 0.27% |
| Invesco Ltd |
1.46%
742
|
$355,500,000 | 0.26% |
| Booking Holdings Inc |
No change
87
|
$344,653,000 | 0.25% |
| Palo Alto Networks Inc |
No change
958
|
$324,771,000 | 0.24% |
| Elevance Health Inc |
No change
593
|
$321,323,000 | 0.24% |
| Enterprise Products Partners Lp |
Opened
10,331
|
$299,392,000 | 0.22% |
| Mastercard Incorporated |
2.08%
660
|
$291,166,000 | 0.22% |
| British American Tobacco Plc |
Opened
9,341
|
$288,917,000 | 0.21% |
| Blackrock Inc. |
No change
360
|
$283,437,000 | 0.21% |
| Intel Corp. |
Closed
6,347
|
$280,349,000 | |
| Comcast Corporation |
4.28%
7,061
|
$276,507,000 | 0.20% |
| Ford Motor Co. |
28.21%
21,738
|
$272,595,000 | 0.20% |
| Bristol-Myers Squibb Co. |
8.44%
6,423
|
$266,746,000 | 0.20% |
| Analog Devices Inc. |
2.21%
1,151
|
$262,727,000 | 0.19% |
| CVS Health Corp |
Closed
3,280
|
$261,612,000 | |
| Philip Morris International Inc |
No change
2,575
|
$260,925,000 | 0.19% |
| Adobe Inc |
No change
465
|
$258,326,000 | 0.19% |
| Tesla Motors Inc |
8.83%
1,290
|
$255,265,000 | 0.19% |
| Kimberly-Clark Corp. |
3.43%
1,832
|
$253,183,000 | 0.19% |
| Bank of America Corporation |
2.47%
6,215
|
$247,172,000 | 0.18% |
| Ge Vernova Inc |
Opened
1,406
|
$241,148,000 | 0.18% |
| AMGEN Inc. |
No change
762
|
$238,088,000 | 0.18% |
| Medtronic Plc |
Closed
2,710
|
$236,177,000 | |
| Simon Property Group, Inc. |
No change
1,528
|
$231,950,000 | 0.17% |
| General Mills, Inc. |
Closed
3,267
|
$228,593,000 | |
| Lockheed Martin Corp. |
4.92%
483
|
$225,611,000 | 0.17% |
| BP plc |
4.59%
5,923
|
$213,821,000 | 0.16% |
| Zimmer Biomet Holdings Inc |
No change
1,970
|
$213,804,000 | 0.16% |
| Suburban Propane Partners, L.p. |
No change
11,045
|
$209,745,000 | 0.15% |
| Deere & Co. |
No change
542
|
$202,509,000 | 0.15% |
| Toyota Motor Corporation |
Closed
800
|
$201,344,000 | |
| Oxford Square Capital Corp |
Opened
18,058
|
$53,091,000 | 0.04% |
| No transactions found | |||
| Showing first 500 out of 86 holdings | |||
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