FIRST FOUNDATION ADVISORS
Q3 2023 Form 13-F

IRVINE, CALIFORNIA
CIK 0001086763 · CRD 106075 · SEC-registered investment adviser
Consolidated report · includes 2 managers since Q1 2021
$2.1B Reported Value Total

FIRST FOUNDATION ADVISORS reports 4,177 total accounts under management (AUM). There are 4,146 discretionary accounts valued at $4,894,670,423, and 31 non-discretionary accounts valued at $90,607,021.

Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
SEC Registered Discretionary & Non-Discretionary
Firm Brochure (Part 2A) Client Relationship Summary (Form CRS)
Private funds (Form ADV)
1 fund · $33.5K gross asset value
Venture Capital Fund: $33.5K
Source: Form ADV filed 2026-07-29
Reported value
$2.1B
Quarter over quarter
-3.5%
Holdings
423
Top-10 concentration
40.2%

Filing Structure

Reports holdings for

  • FIRST FOUNDATION BANK (not a 13F filer in our records) · Q1 2023 – Q1 2026 · declared by one filing
  • Highland Capital Management LP · File #028-10659 · Q2 2016 – Q4 2020 · declared by one filing

Key People

Form ADV owners & control persons
John Avak Hakopian
PRESIDENT/CHIEF INVESTMENT OFFICER
Robert James Roche
CHIEF COMPLIANCE OFFICER
Q2 2023
Q4 2023
Go to latest

Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.

Loading 13F Metrics

Q3 2023 13F filing summary

Period of report September 30, 2023
Filed November 15, 2023
Form 13F-HR
Reported value $2.1B
Positions 423
Change in reported value -7.5%
New positions 36
Exited positions 28
Position turnover 14.2%
Top-10 concentration 40.2%

13F filings by quarter

Quarter Positions Value
Q2 2026 13F
Filed Aug 14, 2026
 353 $2.8B
Q1 2026 13F
Filed May 4, 2026
 334 $2.5B
Q4 2025 13F
Filed Feb 4, 2026
 337 $2.7B
Q3 2025 13F
Filed Nov 17, 2025
 334 $2.7B
Q2 2025 13F
Filed Aug 14, 2025
 329 $2.7B
Q1 2025 13F
Filed May 8, 2025
 331 $2.5B
Q4 2024 13F
Filed Feb 13, 2025
 341 $2.7B
Q3 2024 13F
Filed Nov 14, 2024
 355 $2.7B
Q2 2024 13F
Filed Aug 6, 2024
 431 $2.6B
Q1 2024 13F
Filed May 10, 2024
 433 $2.5B
Q4 2023 13F
Filed Feb 14, 2024
 431 $2.2B
Q3 2023 13F
Filed Nov 15, 2023
 423 $2.1B
Q2 2023 13F
Filed Aug 14, 2023
 415 $2.3B
Q1 2023 13F
Filed May 12, 2023
 391 $2.2B
Q4 2022 13F
Filed Feb 14, 2023
 400 $2.1B
Q3 2022 13F
Filed Nov 14, 2022
 384 $2.0B
Q2 2022 13F
Filed Aug 12, 2022
 399 $2.3B
Q1 2022 13F
Filed May 5, 2022
 422 $2.8B
Q4 2021 13F
Filed Feb 14, 2022
 438 $2.9B
Q3 2021 13F
Filed Nov 15, 2021
 439 $2.7B

33 earlier quarters on file — choose one from the quarter menu above.

Top 20 holdings · Q3 2023

# Holding Reported value % of portfolio
1 MSFT MICROSOFT CORP $365.3M 17.07%
2 GOOG ALPHABET INC $94.4M 4.41%
3 AMZN AMAZON COM INC $57.5M 2.68%
4 BRK-B BERKSHIRE HATHAWAY INC DEL $57.4M 2.68%
5 UPS UNITED PARCEL SERVICE INC $57.2M 2.67%
6 IVV ISHARES TR $55.0M 2.57%
7 AAPL APPLE INC $54.5M 2.54%
8 MOAT VANECK ETF TRUST $45.8M 2.14%
9 IEFA ISHARES TR $41.1M 1.92%
10 JEPI J P MORGAN EXCHANGE TRADED F $33.0M 1.54%
11 UNH UNITEDHEALTH GROUP INC $32.1M 1.5%
12 GSLC GOLDMAN SACHS ETF TR $31.2M 1.46%
13 PM PHILIP MORRIS INTL INC $30.2M 1.41%
14 GSIE GOLDMAN SACHS ETF TR $27.6M 1.29%
15 PWZ INVESCO EXCH TRADED FD TR II $27.5M 1.28%
16 SU SUNCOR ENERGY INC NEW $27.4M 1.28%
17 MA MASTERCARD INCORPORATED $26.8M 1.25%
18 CP CANADIAN PACIFIC KANSAS CITY $26.6M 1.24%
19 IWR ISHARES TR $24.1M 1.12%
20 JPM JPMORGAN CHASE & CO $23.0M 1.07%

Values as reported on the Q3 2023 Form 13F. Every position is in the holdings table below.

Loading Activities
Loading Sector Allocation
Crunching numbers
Loading Performance
Finding Potential New Buys
Building table
Loading SEC filing data
Loading Form 4 Filings
Loading 13D/G filings