# FIRST WILSHIRE SECURITIES MANAGEMENT INC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 732847. Source: https://holderbook.com/funds/732847-first-wilshire-securities-management-inc/

- Reported value: $485.7M
- Positions: 82
- Weight of the ten largest: 58.3%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $109.5M | 1,087,949 | 22.5% | 12 |
| ECOVYST INC | [ECVT](https://holderbook.com/stocks/ECVT/) | $27.0M | 2,171,238 | 5.6% | 15 |
| LIBERTY GLOBAL LTD | [LBTYA](https://holderbook.com/stocks/LBTYA/) | $25.7M | 2,260,238 | 5.3% | 11 |
| NWPX INFRASTRUCTURE INC | [NWPX](https://holderbook.com/stocks/NWPX/) | $22.7M | 151,077 | 4.7% | 31 |
| EZCORP INC | [EZPW](https://holderbook.com/stocks/EZPW/) | $21.8M | 631,647 | 4.5% | 31 |
| SANDRIDGE ENERGY INC | [SD](https://holderbook.com/stocks/SD/) | $19.1M | 1,393,102 | 3.9% | 15 |
| CHECK POINT SOFTWARE TECH LT | [CHKP](https://holderbook.com/stocks/CHKP/) | $16.1M | 122,438 | 3.3% | 21 |
| MILLER INDS INC TENN | [MLR](https://holderbook.com/stocks/MLR/) | $15.1M | 295,912 | 3.1% | 4 |
| SILICOM LTD | [SILC](https://holderbook.com/stocks/SILC/) | $13.6M | 284,287 | 2.8% | 31 |
| CERAGON NETWORKS LTD | [CRNT](https://holderbook.com/stocks/CRNT/) | $12.5M | 4,811,079 | 2.6% | 17 |
| RICHARDSON ELECTRS LTD | [RELL](https://holderbook.com/stocks/RELL/) | $12.2M | 642,356 | 2.5% | 31 |
| GIBRALTAR INDS INC | [ROCK](https://holderbook.com/stocks/ROCK/) | $12.1M | 268,773 | 2.5% | 4 |
| INNOSPEC INC | [IOSP](https://holderbook.com/stocks/IOSP/) | $12.0M | 147,112 | 2.5% | 3 |
| AVIAT NETWORKS INC | [AVNW](https://holderbook.com/stocks/AVNW/) | $11.6M | 523,317 | 2.4% | 7 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $10.5M | 114,229 | 2.2% | 14 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $9.1M | 18,217 | 1.9% | 31 |
| ORION GROUP HLDGS INC | [ORN](https://holderbook.com/stocks/ORN/) | $8.7M | 518,879 | 1.8% | 5 |
| TUTOR PERINI CORP | [TPC](https://holderbook.com/stocks/TPC/) | $8.3M | 99,788 | 1.7% | 31 |
| LIMONEIRA CO | [LMNR](https://holderbook.com/stocks/LMNR/) | $7.7M | 586,536 | 1.6% | 31 |
| HUNTSMAN CORP | [HUN](https://holderbook.com/stocks/HUN/) | $7.4M | 696,338 | 1.5% | 5 |
| MATRIX SVC CO | [MTRX](https://holderbook.com/stocks/MTRX/) | $7.1M | 517,121 | 1.5% | 17 |
| GILAT SATELLITE NETWORKS LTD | [GILT](https://holderbook.com/stocks/GILT/) | $6.2M | 462,978 | 1.3% | 13 |
| LUXFER HLDGS PLC | [LXFR](https://holderbook.com/stocks/LXFR/) | $6.1M | 336,435 | 1.2% | 17 |
| ANDERSONS INC | [ANDE](https://holderbook.com/stocks/ANDE/) | $6.0M | 87,295 | 1.2% | 31 |
| EAST WEST BANCORP INC | [EWBC](https://holderbook.com/stocks/EWBC/) | $6.0M | 46,092 | 1.2% | 31 |
| IMAX CORP | [IMAX](https://holderbook.com/stocks/IMAX/) | $5.9M | 148,386 | 1.2% | 9 |
| CRAWFORD & CO | [CRDA](https://holderbook.com/stocks/CRDA/) | $5.5M | 486,827 | 1.1% | 31 |
| FEDERAL AGRIC MTG CORP | [AGM](https://holderbook.com/stocks/AGM/) | $5.3M | 26,820 | 1.1% | 31 |
| SIGA TECHNOLOGIES INC | [SIGA](https://holderbook.com/stocks/SIGA/) | $4.9M | 1,339,883 | 1.0% | 17 |
| LIBERTY GLOBAL LTD | [LBTYK](https://holderbook.com/stocks/LBTYK/) | $4.8M | 434,963 | 1.0% | 11 |
| PURE CYCLE CORP | [PCYO](https://holderbook.com/stocks/PCYO/) | $4.5M | 418,677 | 0.9% | 5 |
| CAMTEK LTD | [CAMT](https://holderbook.com/stocks/CAMT/) | $4.1M | 24,885 | 0.8% | 31 |
| RIBBON COMMUNICATIONS INC | [RBBN](https://holderbook.com/stocks/RBBN/) | $3.3M | 1,404,493 | 0.7% | 19 |
| JEFFERIES FINANCIAL GROUP IN | [JEF](https://holderbook.com/stocks/JEF/) | $2.6M | 51,869 | 0.5% | 30 |
| VITESSE ENERGY INC | [VTS](https://holderbook.com/stocks/VTS/) | $2.1M | 130,722 | 0.4% | 14 |
| CRAWFORD & CO | [CRDB](https://holderbook.com/stocks/CRDB/) | $1.5M | 147,094 | 0.3% | 27 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $1.5M | 7,900 | 0.3% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.5M | 4,000 | 0.3% | 31 |
| SIRIUSXM HOLDINGS INC | [SIRI](https://holderbook.com/stocks/SIRI/) | $1.4M | 47,198 | 0.3% | 8 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $1.4M | 11,596 | 0.3% | 27 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $1.3M | 42,375 | 0.3% | 24 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $1.2M | 4,786 | 0.3% | 22 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $1.1M | 2,937 | 0.2% | 20 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $1.1M | 1,533 | 0.2% | 31 |
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $922.2K | 8,357 | 0.2% | 12 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $912.0K | 3,050 | 0.2% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $889.8K | 7,575 | 0.2% | 31 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $746.7K | 9,630 | 0.2% | 18 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $640.6K | 11,950 | 0.1% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $622.0K | 10,916 | 0.1% | 29 |
| TETRA TECH INC NEW | [TTEK](https://holderbook.com/stocks/TTEK/) | $621.1K | 21,500 | 0.1% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $613.2K | 2,573 | 0.1% | 17 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $595.7K | 1,667 | 0.1% | 17 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $578.5K | 2,278 | 0.1% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $560.4K | 477 | 0.1% | 5 |
| ISHARES TR | [IHI](https://holderbook.com/stocks/IHI/) | $558.3K | 11,300 | 0.1% | 31 |
| QUEST DIAGNOSTICS INC | [DGX](https://holderbook.com/stocks/DGX/) | $498.1K | 2,350 | 0.1% | 25 |
| ISHARES TR | [IYT](https://holderbook.com/stocks/IYT/) | $485.8K | 5,600 | 0.1% | 21 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $467.3K | 1,325 | 0.1% | 27 |
| WEDBUSH SER TR | [IVES](https://holderbook.com/stocks/IVES/) | $438.1K | 11,500 | 0.1% | 3 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $415.1K | 1,370 | 0.1% | 4 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $410.9K | 2,600 | 0.1% | 17 |
| COMMERCIAL METALS CO | [CMC](https://holderbook.com/stocks/CMC/) | $407.9K | 6,500 | 0.1% | 21 |
| POSTAL REALTY TRUST INC | [PSTL](https://holderbook.com/stocks/PSTL/) | $403.5K | 16,374 | 0.1% | 6 |
| CUSTOMERS BANCORP INC | [CUBI](https://holderbook.com/stocks/CUBI/) | $387.6K | 4,900 | 0.1% | 13 |
| JACOBS SOLUTIONS INC | [J](https://holderbook.com/stocks/J/) | $381.1K | 3,025 | 0.1% | 16 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $379.1K | 5,275 | 0.1% | 1 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $375.0K | 3,500 | 0.1% | 11 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $371.1K | 3,866 | 0.1% | 10 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $338.5K | 452 | 0.1% | 14 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $315.3K | 3,475 | 0.1% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $291.8K | 1,990 | 0.1% | 31 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $286.4K | 2,046 | 0.1% | 5 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $282.6K | 1,705 | 0.1% | 18 |
| ISHARES TR | [IJT](https://holderbook.com/stocks/IJT/) | $250.0K | 1,400 | 0.1% | 2 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $243.8K | 3,000 | 0.1% | 3 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $227.6K | 1,665 | 0.0% | 3 |
| LANDSTAR SYS INC | [LSTR](https://holderbook.com/stocks/LSTR/) | $227.5K | 1,100 | 0.0% | 1 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $222.8K | 770 | 0.0% | 1 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $220.6K | 674 | 0.0% | 15 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $204.4K | 8,487 | 0.0% | 3 |
| ORIGIN AGRITECH LIMITED | [SEED](https://holderbook.com/stocks/SEED/) | $20.7K | 19,500 | 0.0% | 17 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +10.6% | +14.8% | -4.2% | 95% |
| Q1 2026 | +11.8% | -4.6% | +16.4% | 97% |
| Q4 2025 | +1.8% | +2.4% | -0.6% | 100% |
| Q3 2025 | +12.0% | +7.8% | +4.2% | 99% |
| Q2 2025 | +5.5% | +10.5% | -4.9% | 100% |
| Q1 2025 | -4.3% | -4.6% | +0.3% | 99% |
| Q4 2024 | -1.8% | +2.1% | -4.0% | 100% |
| Q3 2024 | +7.6% | +5.4% | +2.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $485.7M | 82 |
| Q1 2026 | $443.9M | 85 |
| Q4 2025 | $397.5M | 87 |
| Q3 2025 | $375.8M | 84 |
| Q2 2025 | $367.2M | 83 |
| Q1 2025 | $348.7M | 78 |
| Q4 2024 | $368.1M | 86 |
| Q3 2024 | $355.9M | 84 |
| Q2 2024 | $326.9M | 80 |
| Q1 2024 | $341.9M | 82 |
| Q4 2023 | $309.4M | 84 |
| Q3 2023 | $292.2M | 85 |