First Wilshire Securities Management Inc.
First Wilshire Securities Management Inc. is an employee-owned boutique investment management firm founded in 1977 in Pasadena, California. The firm serves both institutional and high-net-worth individual clients, focusing on small-cap equity investments. First Wilshire adheres to a value investing approach and places a strong emphasis on in-depth, internally-generated research. The firm is known for its family-like company culture, experienced team (with long employee tenures), and personalized service for clients who share their investment philosophy.
Investment Strategy
First Wilshire Securities Management focuses on value investing with an emphasis on identifying small-cap U.S. and foreign equities that offer significant potential at attractive prices. The firm's strategy is unconstrained by traditional equity benchmarks, enabling them to avoid speculative areas and pursue overlooked investment opportunities. Through meticulous research and company visits, they construct portfolios predominantly of small-cap stocks, holding positions patiently until intrinsic value is realized. The firm aims for long-term capital appreciation by investing in companies with sustainable advantages that are undervalued by the market.
Top Holdings
Equity Positions (83)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
S SGOV | ISHARES TR | 10.42% | $38.3M | 379,998 | $100.44 | $100.69 | -$4.2M |
E EZPW | EZCORP INC | 8.54% | $31.4M | 2,258,817 | $7.36 | $13.88 | -$2.7M |
C CAMT | CAMTEK LTD | 6.63% | $24.4M | 288,022 | $64.71 | $84.56 | +$12.9M |
L LBTYA | LIBERTY GLOBAL LTD | 6.34% | $23.3M | 2,326,616 | $9.20 | $10.01 | -$3.2M |
E ECVT | ECOVYST INC | 4.93% | $18.1M | 2,200,585 | $8.27 | $8.23 | +$4.4M |