First City Capital Management: Significant ETF Purchases and Stable Holdings in Q2 2026

As of June 30, 2026, First City Capital Management Inc. has demonstrated a strategic focus on diversification within its portfolio.

The investor's holdings have seen notable changes this quarter:

• First City Capital Management Inc. increased exposure to Bitcoin-related trusts, specifically ISHARES BITCOIN TRUST ETF (IBIT), by 75.03% in shares and saw a significant increase of 900% in position value for KLA CORP (KLAC).
• There were substantial additions to other ETFs, including increases of over 169% in shares and portfolio allocation for both VANGUARD STAR FDS (VXUS) and PROSHARES TR (NOBL).
• The investor also significantly boosted positions in several other stocks, such as VANGUARD INDEX FDS (VUG) and INTEL CORP (INTC).

In terms of stock purchases, the investor notably added positions to:

• First City Capital Management Inc. increased its position in VXUS, a Vanguard STAR fund, by 169.21% and added shares to NOBL (ProShares TR) with a 96.39% increase in allocation.
• The investor also made significant purchases of other ETFs, including adding shares to IWF, increasing its position by 300%, and boosting allocations for MGMT (Unified Service Trust) despite a small change in shares.
• First City Capital Management Inc. purchased new positions in VUG, a Vanguard ETF, and also increased its stake significantly in the Bitcoin trust IBIT.
• Furthermore, the investor added shares to KLAC, increased its position in EEM (iShares Emerging Markets ETF), and purchased new shares of CXT.

In contrast, the investor reduced its positions in several large holdings:

• First City Capital Management Inc. sold shares from major holdings like SPY, reducing its allocation by 1.46%, and decreased positions in VOO (Vanguard S&P 500 ETF) slightly, though the percentage change was minimal.
• The investor also sold shares from several other significant holdings including reducing its position in LLY (Eli Lilly & Co.) by 0.25%, and decreasing allocations for MSFT, NVDA, XOM, and others.
• Several holdings saw a reduction in shares, including decreases for ACWX (iShares Core MSCI ACWI ex US NoLT Index Fund ETF) by 10.58% and other smaller allocations.

The overall portfolio allocation remains relatively stable, with the top five holdings accounting for approximately 20.03% of the total value as of June 30, 2026.