Institutional Manager · CIK 0001800597

First Citizens Financial Corp

MASON CITY, IA · File #028-19669

Latest AUM

$202.4M

Positions

128

Top-10 Concentration

45.7%

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
ADD	ETF VANGUARD EMERGING MARKETS	922042858	+34,569	+$1.9M	-$70
ADD	TECHNOLOGY SELECT SECTOR SPDR FD	81369Y803	+11,833	+$1.7M	-$1.4M
NEW	PIMCO MULTISECTOR BD	72201R585	+54,824	+$1.5M	$0
REDUCE	VANGUARD TOTAL BOND MARKET ETF	921937835	-13,470	-$997,724	-$6,729
NEW	VANGUARD MALVERN FDS CORE BD ETF	922020748	+12,208	+$950,942	$0
REDUCE	J P MORGAN INTL BD OPP ETF	46641Q852	-12,350	-$601,445	-$10,647
NEW	FEDERATED HERMES TOTAL RET BOND	FHI	+19,467	+$494,267	$0
ADD	ISHARE DOW JONES INTL SELECT DIV IDX	464288448	+11,519	+$454,425	+$17,980
EXITED	ISHARES SHORT MATURITY MUNICIPAL BOND ACTIVE ETF	46431W838	-8,959	-$452,519	$0
ADD	CONSUMER DISCRETIONARY SELECT SECTOR SPDR FD	81369Y407	+3,774	+$450,653	-$453,027

Sector Allocation

6.6%$13.4M

4.1%$8.3M

3.7%$7.4M

3.2%$6.5M

Consumer Discretionary

1.7%$3.5M

Materials

0.5%$1.1M

Consumer Staples

0.4%$782,894

Communication Services

0.3%$658,110

Utilities

0.2%$459,918

Energy

0.1%$309,635

Filing History

Jan 6, 202613F HOLDINGS REPORTQ/E Dec 2025128 pos · $202.4M
Oct 3, 202513F HOLDINGS REPORTQ/E Sep 2025138 pos · $202.3M
Jul 7, 202513F HOLDINGS REPORTQ/E Jun 2025126 pos · $181.8M
Apr 3, 202513F HOLDINGS REPORTQ/E Mar 2025123 pos · $176.8M
Jan 3, 202513F HOLDINGS REPORTQ/E Dec 2024123 pos · $184.2M
Oct 3, 202413F HOLDINGS REPORTQ/E Sep 2024123 pos · $189.0M
Jul 17, 202413F HOLDINGS REPORTQ/E Jun 2024116 pos · $169.0M
May 31, 202413F HOLDINGS REPORTQ/E Mar 2024115 pos · $168.3M
Oct 13, 202313F HOLDINGS REPORTQ/E Dec 2023113 pos · $141,890

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARE DOW JONES TECH	464287721	90,319	$18.0M	11.15%
2	ISHARE MSCI EAFE FUND	464287465	79,329	$7.6M	4.71%
3	ISHARE S&P MIDCAP 400/GROWTH INDEX FUND	464287606	73,549	$7.1M	4.41%
4	ISHARE DOW JONES FINANCIAL SECTOR	464287788	54,423	$7.0M	4.34%
5	ISHARE S&P MIDCAP 400/VALUE INDEX FUND	464287705	50,993	$6.7M	4.15%
6	ISHARE DOW JONES HEALTHCARE	464287762	93,617	$6.1M	3.77%
7	BERKSHIRE HATHAWAY INC CL B	BRK-A	11,186	$5.6M	3.48%
8	APPLE INC	AAPL	20,681	$5.6M	3.48%
9	ISHARE DOW JONES CONSUMER DISCRETIONARY ETF	464287580	49,931	$5.1M	3.18%
10	VANGUARD TOTAL STOCK MKT INDEX	922908769	14,746	$4.9M	3.06%
11	ISHARE DOW JONES INDUSTRIAL	464287754	33,103	$4.9M	3.03%
12	ISHARE S&P SMALL CAP 600 GROWTH INDEX	464287887	33,185	$4.7M	2.90%
13	ISHARE S&P SMALLCAP 600 BARRA VALUE IND	464287879	40,472	$4.6M	2.85%
14	ISHARES EDGE MSCI USA QUALITY FACTOR ETF	46432F339	19,836	$3.9M	2.44%
15	MICROSOFT CORP	MSFT	8,023	$3.9M	2.40%
16	TECHNOLOGY SELECT SECTOR SPDR FD	81369Y803	22,343	$3.2M	1.99%
17	JPMORGAN CHASE & CO COM	VYLD	9,876	$3.2M	1.97%
18	INVESCO QQQ TR UNIT SER 1	IVZ	5,136	$3.2M	1.95%
19	CUMMINS INC COM	CMI	5,740	$2.9M	1.81%
20	ELI LILLY & CO	LLY	2,602	$2.8M	1.73%