First Citizens Asset Management, Inc.

RIA/Wealth

First Citizens Asset Management, Inc. is a RIA/Wealth based in Raleigh, NC led by Michael Christopher Wilson, managing $280.4M across 26 long positions as of Q3 2025 with 100% ETF concentration, 95% concentrated in top 10 holdings, and 29% allocation to IWY.

PresidentMichael Christopher Wilson

Portfolio Value: $280.4M
Positions: 26
Top Holding: IWY at 28.94%
Last Reported: Q3 2025

Address8540 Colonnade Center Drive, Raleigh, NC, 27615, United States

Top Holdings

Largest long holdings in First Citizens Asset Management, Inc.'s portfolio (95.4% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 iShares Russell Top 200 Growth IWY	ETF ETF	$81.1M	28.94%	+$5.9M Bought	— 296.5K shares	Q4 2022 Held for 2y 11m
2 IWX iShares Russell Top 200 Value IWX	ETF ETF	$42.7M	15.24%	+$1.8M Bought	— 486.3K shares	Q4 2022 Held for 2y 11m
3 VCRB Vanguard Core Bond VCRB	ETF ETF	$34.9M	12.45%	+$34.9M New	— 445.1K shares	Q3 2025 Held for 2 months
4 iShares Core U.S. Aggregate Bond AGG	ETF ETF	$29.9M	10.65%	-$28.9M Sold	— 297.8K shares	Q4 2023 Held for 1y 11m
5 iShares Russell Mid-Cap Value IWS	ETF ETF	$21.6M	7.71%	+$2.1M Bought	— 154.9K shares	Q4 2022 Held for 2y 11m
6 iShares Core MSCI EAFE ETF IEFA	ETF ETF	$20.3M	7.24%	-$446.3K Sold	— 232.4K shares	Q4 2022 Held for 2y 11m
7 iShares Russell Mid-Cap Growth IWP	ETF ETF	$13.9M	4.95%	+$2.7M Bought	— 97.4K shares	Q4 2022 Held for 2y 11m
8 iShares National Muni Bond MUB	ETF ETF	$9.5M	3.39%	-$8.2M Sold	— 89.4K shares	Q4 2022 Held for 2y 11m
9 iShares Core MSCI Emerging Markets IEMG	ETF ETF	$7.0M	2.49%	-$1.0M Sold	— 105.7K shares	Q4 2022 Held for 2y 11m
10 Vanguard Russell 2000 ETF VTWO	ETF ETF	$6.6M	2.34%	-$245.5K Sold	— 67.0K shares	Q4 2022 Held for 2y 11m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in First Citizens Asset Management, Inc.'s latest filing

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Market Value

$280.4M

Prior: $256.6M

Q/Q Change

+9.28%

+$23.8M

Net Flows % of MV

+2.46%

Turnover Ratio

17.03%

New Purchases

1 stocks

$34.9M

Added To

14 stocks

+$14.9M

Sold Out Of

2 stocks

$4.1M

Reduced Holdings

5 stocks

-$38.8M

Increased Positions

Position	Shares Δ	Change
1 VCRB Vanguard Core Bond VCRB	New	0 → 445.1K +$34.9M
2 iShares MBS MBB	+53.56%	2.4K → 3.7K +$124.0K
3 Invesco Senior Loan BKLN	+41.59%	19.0K → 27.0K +$165.7K
4 Dimensional International Small Cap DFIS	+34.55%	70.6K → 95.1K +$772.0K
5 Vanguard High Dividend Yield VYM	+34.16%	3.8K → 5.0K +$180.8K

Decreased Positions

Position	Shares Δ	Change
1 TLH iShares 10-20 Year Treasury Bond TLH	Sold	28.4K → 0 −$2.9M
2 Avantis U.S. Small Cap Value AVUV	Sold	13.4K → 0 −$1.2M
3 iShares Core U.S. Aggregate Bond AGG	-49.15%	585.7K → 297.8K −$28.9M
4 iShares National Muni Bond MUB	-46.39%	166.7K → 89.4K −$8.2M
5 iShares Core MSCI Emerging Markets IEMG	-12.93%	121.4K → 105.7K −$1.0M