First Washington Corp.
First Washington Corporation is a Seattle, WA-based investment adviser founded in 1972. The firm serves retail investors, high net worth individuals, corporations, and charitable organizations, with most accounts belonging to high net worth clients. It provides portfolio management services for individuals and small businesses and employs 2 financial advisors, totaling around 4 employees overall. They are not a broker-dealer, focusing instead on advisory and discretionary portfolio services.
Investment Strategy
First Washington Corporation employs a discretionary, asset-based investment strategy focusing on portfolio management for individuals and small businesses. The firm primarily invests in individual stocks, cash alternatives, and other investment products while addressing specific client preferences and restrictions. Their approach emphasizes long-term capital appreciation, downside protection during weak markets, and capital preservation. Investments are typically managed using fundamental, bottom-up research, favoring companies with consistent profits, strong balance sheets, and attractive valuations. The firm closely considers client goals, cash flow needs, and offers individualized portfolio management.
Top Holdings
Equity Positions (53)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
A AGG | ISHARES TR | 12.27% | $38.1M | 383,767 | $97.04 | $99.20 | +$107.5K |
P PCAR | PACCAR INC | 11.37% | $35.3M | 370,889 | $70.31 | $95.06 | -$856.8K |
S SPY | SPDR S&P 500 ETF TR | 3.91% | $12.1M | 19,628 | $488.97 | $617.85 | +$3.9M |
M MSFT | MICROSOFT CORP | 3.30% | $10.2M | 20,553 | $63.75 | $497.41 | +$2.4M |
D DY | DYCOM INDS INC | 2.66% | $8.3M | 33,811 | $49.62 | $244.39 | +$3.1M |