13F
中
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First Financial Bank - Trust Division

13F equity value
$1.2B
Positions
197
Top 10 concentration
42.1%
Quarters / total new picks
30 / 116
13F equity value over time
$0M$621M$1B2017201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 30 quarters, returned +6.9% per quarter — versus +3.0% per quarter from simply owning every 13F stock. It beat that baseline in only 56.7% of quarters (excess t = 0.92, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+4.8%
t-stat
0.92
Quarterly win rate
57%
Annualized excess
+10.3%
$1 → follow vs universe
$4.18 vs $2.15
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180630: universe 0.95920180930: universe 1.00320181231: universe 0.99220190331: universe 0.97520190630: universe 1.04820190930: universe 1.12720191231: universe 0.90920200331: universe 1.09620200630: universe 1.21120200930: universe 1.48520201231: universe 1.55320210331: universe 1.56620211231: universe 1.33320220331: universe 1.43120220630: universe 1.32620220930: universe 1.42420221231: universe 1.32320230331: universe 1.39420230630: universe 1.34420230930: universe 1.52520231231: universe 1.59420240331: universe 1.63020240630: universe 1.77720240930: universe 1.76220241231: universe 1.64520250331: universe 1.79320250630: universe 1.84920250930: universe 2.08020251231: universe 2.151 20180331: follow 0.94420180630: follow 0.87820180930: follow 0.97320181231: follow 0.97920190331: follow 1.01620190630: follow 1.22820190930: follow 1.23120191231: follow 1.19120200331: follow 1.45720200630: follow 1.60520200930: follow 1.57820201231: follow 1.68020210331: follow 1.43520211231: follow 1.27520220331: follow 1.33620220630: follow 1.10120220930: follow 1.31220221231: follow 1.24120230331: follow 1.33120230630: follow 1.46420230930: follow 1.47420231231: follow 1.53520240331: follow 1.57820240630: follow 1.71720240930: follow 1.80020241231: follow 1.83120250331: follow 1.83020250630: follow 1.84320250930: follow 4.40820251231: follow 4.185 0.81 2.78 4.76 20182019202020212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 197 · 2026 Q1

Ticker Value Weight QoQ
IEFA $124M
10.0%
ADD
IWM $65M
5.3%
ADD
SPY $59M
4.8%
HOLD
IVV $56M
4.5%
ADD
IJR $42M
3.4%
ADD
JIRE $38M
3.0%
ADD
JEPI $36M
2.9%
ADD
IEMG $36M
2.9%
ADD
IEF $34M
2.7%
ADD
PG $32M
2.6%
TRIM
DFEM $31M
2.5%
ADD
AAPL $31M
2.5%
HOLD
MSFT $25M
2.1%
ADD
GOOGL $23M
1.9%
ADD
FFBC $23M
1.8%
TRIM
JPM $22M
1.8%
HOLD
CINF $18M
1.5%
HOLD
XLU $18M
1.5%
ADD
MUB $15M
1.2%
ADD
AMZN $15M
1.2%
ADD

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

SHWSLSTPL

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.