First Wilshire Securities Management

First Wilshire Securities Management is led by a small team of investment professionals, but specific individual names and titles are not publicly available. The firm does not maintain a public-facing management page, and no named portfolio managers appear in SEC filings or press releases. Investment decisions are presumed to be made collaboratively by the firm's principals, though the lack of disclosure limits outside visibility.

First Wilshire pursues a concentrated, long-term value strategy focused on U.S. equities. It selects stocks based on deep fundamental analysis of balance sheets, cash flows, and competitive positioning. The firm explicitly avoids short-term trading, sector rotation, and leverage, setting it apart from hedge funds or macro-driven managers. Its key differentiator is a patient, low-turnover approach that can hold positions through decade-long valuation cycles.

No. First Wilshire does not publicly disclose AUM, assets under advisement, or portfolio performance figures. The firm's SEC Form ADV filing also does not provide a current AUM figure in public summaries. Without a formal disclosure, allocators would need to request this data directly from the firm during due diligence. This opacity is consistent with the firm's desire to maintain a low public profile.

Deal flow for First Wilshire is derived from classic value-investing research methods: screening SEC filings, company reports, and trade publications; reading annual reports; and analyzing industry data. The firm does not rely on investment banks or sell-side analysts for deal sourcing. Its research process is internally driven, emphasizing primary documents and direct company analysis over third-party recommendations.

First Wilshire Securities Management is an SEC-registered investment advisor (RIA), not a single- or multi-family office. It manages capital for a range of clients including individuals, pensions, and institutions. The firm does not publicly identify a single wealthy family or endowment as its anchor client. Its structure follows the traditional RIA model with fiduciary obligations under the Investment Advisers Act of 1940.

First Wilshire does not publicly maintain a list of excluded sectors. Historically, the firm has favored basic materials, consumer staples, financials, and select industrials. Sectors such as biotech, early-stage technology, and cryptocurrency have not been identified as holdings in public filings. The firm's value discipline likely leads it away from high-growth, negative-earnings companies, but no explicit avoidance statement exists.

First Wilshire's investment universe is primarily U.S. equities. Public stock holdings, when disclosed through SEC Form 13F filings, have all been U.S.-listed companies. The firm does not maintain dedicated exposures to Europe, Asia, or emerging markets. Its geographic narrowness allows deep research into domestic securities but limits diversification for clients seeking global allocation.