California First Leasing Corp.
California First Leasing Corporation (CalFirst Lease) is an internally managed, non-diversified closed-end investment company based in Newport Beach, California. Founded in 1977, the firm specializes in commercial leasing and financing solutions for businesses and other organizations. CalFirst was historically structured as a commercial bank and leasing company and is now structured as an SEC-registered investment company, with a lean workforce focusing on providing asset-backed financing solutions. The company mainly serves corporate and institutional clients.
Investment Strategy
CalFirst Lease primarily focuses on the origination, servicing, and management of lease and loan portfolios secured by essential-use equipment, real estate, or other collateral. The company invests its own capital to generate interest and lease income by selectively financing assets for creditworthy business and institutional obligors. As a closed-end investment company, it seeks to balance risk through asset diversification and rigorous credit underwriting while seeking stable returns. CalFirst operates independently, not raising capital from outside clients, but investing its own assets for managed income.
Latest 13F Filing Activity
California First Leasing Corp. filed their most recent 13F report on Jun 30, 2025 disclosing 41 equity positions with a total 13F market value of $241M. The fund increased holdings in Meta Platforms Inc., Goldman Sachs Group Inc., Applied Matls Inc. among other positions. California First Leasing Corp. reduced exposure to Bristol-myers Squibb Co., Verizon Communications Inc., Ovintiv Inc. among others.
Top Holdings
Equity Positions (41)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
G GOOGL | ALPHABET INC | 7.70% | $18.5M | 105,100 | $143.87 | $176.23 | +$2.3M |
X XOM | EXXON MOBIL CORP | 7.21% | $17.3M | 160,800 | $61.19 | $107.80 | -$1.8M |
A AMAT | APPLIED MATLS INC | 7.07% | $17.0M | 92,836 | $157.36 | $183.07 | +$3.5M |
G GS | GOLDMAN SACHS GROUP INC | 6.83% | $16.4M | 23,200 | $370.86 | $707.75 | +$3.7M |
M META | META PLATFORMS INC | 5.44% | $13.1M | 17,739 | $333.77 | $738.09 | +$5.1M |