Institutional Manager · CIK 0000764106

FIRST HAWAIIAN BANK

HONOLULU, HI · File #028-04029

Latest AUM

$751.5M

Positions

146

Top-10 Concentration

66.1%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	ISHARES TR	464287200	-28,575	-$19.6M	+$5.8M
REDUCE	SPDR S&P 500 ETF TR	SPY	-12,174	-$8.3M	+$208,933
NEW	VANGUARD INDEX FDS	922908363	+10,418	+$6.5M	$0
REDUCE	ISHARES TR	46432F842	-51,610	-$4.6M	+$1.9M
REDUCE	VANGUARD MALVERN FDS	922020805	-81,962	-$4.1M	-$100,826
REDUCE	VANGUARD WHITEHALL FDS	921946794	-36,008	-$3.2M	+$1.1M
REDUCE	ISHARES TR	464287507	-44,222	-$2.9M	+$115,974
REDUCE	ISHARES TR	464287408	-11,701	-$2.5M	+$560,225
REDUCE	APPLE INC	AAPL	-6,450	-$1.8M	+$175,558
ADD	VANGUARD INDEX FDS	922908652	+8,209	+$1.7M	-$19,986

Sector Allocation

4.2%$31.4M

0.7%$4.9M

0.3%$2.7M

0.3%$2.2M

0.3%$2.2M

Consumer Discretionary

0.2%$1.8M

Energy

0.1%$1.2M

Communication Services

0.1%$617,184

Filing History

Jan 5, 202613F HOLDINGS REPORTQ/E Dec 2025146 pos · $751.5M
Oct 2, 202513F HOLDINGS REPORTQ/E Sep 2025155 pos · $779.6M
Jul 3, 202513F HOLDINGS REPORTQ/E Jun 2025155 pos · $736.8M
Jun 4, 202513F HOLDINGS REPORT (Amended)Q/E Jun 2025153 pos · $685.9M
Apr 3, 202513F HOLDINGS REPORTQ/E Mar 20251,199 pos · $2.99B
Jan 8, 202513F HOLDINGS REPORTQ/E Dec 20241,246 pos · $3.08B
Oct 4, 202413F HOLDINGS REPORTQ/E Sep 20241,307 pos · $3.13B
Jul 2, 202413F HOLDINGS REPORTQ/E Jun 20241,290 pos · $2.97B
Apr 5, 202413F HOLDINGS REPORTQ/E Mar 20241,283 pos · $3.23B
Oct 10, 202313F HOLDINGS REPORTQ/E Dec 20231,329 pos · $2.94B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES TR	464287200	341,288	$233.8M	33.48%
2	ISHARES TR	46432F842	824,278	$73.7M	10.56%
3	ISHARES TR	464287226	237,480	$23.7M	3.40%
4	VANGUARD INDEX FDS	922908652	99,055	$20.7M	2.97%
5	BLACKROCK ETF TRUST	BLK	330,214	$20.1M	2.88%
6	VANGUARD WHITEHALL FDS	921946406	131,952	$18.9M	2.71%
7	ISHARES TR	464287408	89,059	$18.9M	2.71%
8	ISHARES TR	46432F834	219,228	$18.6M	2.66%
9	ISHARES TR	464287309	141,005	$17.4M	2.49%
10	VANGUARD WHITEHALL FDS	921946794	177,154	$15.9M	2.28%
11	VANGUARD INDEX FDS	922908769	43,350	$14.5M	2.08%
12	ISHARES TR	464287200	21,124	$14.5M	2.07%
13	ISHARES INC	46434G103	203,159	$13.7M	1.96%
14	VANGUARD INDEX FDS	922908637	43,297	$13.6M	1.95%
15	ISHARES TR	464287309	110,355	$13.6M	1.95%
16	VANGUARD WHITEHALL FDS	921946794	141,104	$12.7M	1.82%
17	SPDR INDEX SHS FDS	78463X434	122,400	$11.1M	1.59%
18	ISHARES TR	464287150	71,645	$10.7M	1.53%
19	ISHARES TR	46432F842	109,290	$9.8M	1.40%
20	SPDR SERIES TRUST	78468R788	195,322	$8.4M	1.21%