First Foundation Total Return Fund

Fund Profile

Fund profile

Tickers

FBBAX, FBBYX

Fund manager

Advisors' Inner Circle Fund III

Total assets

$109.24 mm

Liabilities

$668.66 k

Net assets

$108.57 mm

Number of holdings

82.00

82 Holdings

As of Sep 2024

Security	$Holding	Balance	% of Fund	Category	Position	Country
BOLLORE SE COMMON STOCK	8.28 mm	1.24 mm shares	7.63	Common equity	Long	France
COMPAGNIE DE L'ODET SA COMMON STOCK	7.72 mm	4.40 k shares	7.11	Common equity	Long	France
BUR Burford Capital Limited	6.11 mm	461.07 k shares	5.63	Common equity	Long	USA
INTERNATIONAL WORKPLACE GROU COMMON STOCK	5.18 mm	2.17 mm shares	4.77	Common equity	Long	UK
US TREASURY N/B 0.875000% 11/15/2030	4.95 mm	5.82 mm principal	4.56	Structured note	Long	USA
PRAIRIESKY ROYALTY LTD COMMON STOCK	4.76 mm	233.88 k shares	4.38	Common equity	Long	Canada
NINTENDO CO LTD-UNSPONS ADR DEPOSITARY RECEIPT	4.56 mm	342.65 k shares	4.20	Common equity	Long	USA
VIVENDI SE COMMON STOCK	4.33 mm	374.17 k shares	3.99	Common equity	Long	France
SU Suncor Energy Inc.	4.32 mm	116.98 k shares	3.98	Common equity	Long	USA
BROWN BROTHERS HARRIMAN SWEEP INTEREST	3.99 mm	3.99 mm principal	3.68	Short-term investment vehicle	Long	USA
LAGARDERE SA COMMON STOCK	3.73 mm	151.04 k shares	3.44	Common equity	Long	France
ENTAIN PLC COMMON STOCK	3.50 mm	341.94 k shares	3.22	Common equity	Long	UK
US TREASURY N/B 3.875000% 08/15/2033	2.77 mm	2.75 mm principal	2.55	Structured note	Long	USA
DSV A/S COMMON STOCK	2.71 mm	13.07 k shares	2.49	Common equity	Long	Denmark
EXOR NV COMMON STOCK	2.69 mm	25.10 k shares	2.48	Common equity	Long	Netherlands
TLF Tandy Leather Factory, Inc.	2.35 mm	560.24 k shares	2.16	Common equity	Long	USA
BRK-B Berkshire Hathaway Inc.	2.33 mm	5.06 k shares	2.14	Common equity	Long	USA
BATRK The Liberty Braves Group	2.23 mm	31.20 k shares	2.06	Common equity	Long	USA
PM Philip Morris International Inc.	2.22 mm	18.28 k shares	2.04	Common equity	Long	USA
TREASURY BILL 0.000000% 10/08/2024	2.03 mm	2.03 mm principal	1.87	Debt	Long	USA
GOOG Alphabet Inc.	1.93 mm	11.62 k shares	1.77	Common equity	Long	USA
JYNT The Joint Corp.	1.72 mm	150.12 k shares	1.58	Common equity	Long	USA
KEWEENAW LAND ASSOCIATION LT COMMON STOCK	1.71 mm	52.60 k shares	1.57	Common equity	Long	USA
SCHW The Charles Schwab Corporation	1.66 mm	25.63 k shares	1.53	Common equity	Long	USA
BIIB Biogen Inc.	1.61 mm	8.30 k shares	1.48	Common equity	Long	USA
BECLE SAB DE CV COMMON STOCK	1.53 mm	968.76 k shares	1.41	Common equity	Long	Mexico
US TREASURY N/B 3.000000% 02/15/2049	1.09 mm	1.35 mm principal	1.01	Debt	Long	USA
FAIRFAX INDIA HO-SUB VTG SHS COMMON STOCK	1.08 mm	72.50 k shares	0.99	Common equity	Long	USA
US TREASURY N/B 1.875000% 02/15/2032	1.06 mm	1.20 mm principal	0.98	Structured note	Long	USA
US TREASURY N/B 3.500000% 09/15/2025	1.03 mm	1.03 mm principal	0.94	Structured note	Long	USA
ASTRAZENECA PLC-SPONS ADR DEPOSITARY RECEIPT	1.02 mm	13.10 k shares	0.94	Common equity	Long	USA
US TREASURY N/B 2.625000% 04/15/2025	1.02 mm	1.03 mm principal	0.94	Structured note	Long	USA
TREASURY BILL 0.000000% 11/29/2024	1.00 mm	1.01 mm principal	0.92	Debt	Long	USA
TREASURY BILL 0.000000% 11/12/2024	1.00 mm	1.01 mm principal	0.92	Debt	Long	USA
LBTYK Liberty Global plc	923.56 k	43.75 k shares	0.85	Common equity	Long	USA
CME CME Group Inc.	772.28 k	3.50 k shares	0.71	Common equity	Long	USA
DAL Delta Air Lines, Inc.	769.47 k	15.15 k shares	0.71	Common equity	Long	USA
VIVHY Vivendi SE	759.00 k	66.00 k shares	0.70	Common equity	Long	USA
TREASURY BILL 0.000000% 10/31/2024	750.07 k	753.00 k principal	0.69	Debt	Long	USA
TREASURY BILL 0.000000% 10/17/2024	748.43 k	750.00 k principal	0.69	Debt	Long	USA
NRP Natural Resource Partners L.P.	708.07 k	7.24 k shares	0.65	Common equity	Long	USA
US TREASURY N/B 3.000000% 08/15/2052	622.82 k	775.00 k principal	0.57	Debt	Long	USA
BBN BlackRock Taxable Municipal Bond Trust	574.70 k	32.25 k shares	0.53	Common equity	Long	USA
TREASURY BILL 0.000000% 10/29/2024	498.16 k	500.00 k principal	0.46	Debt	Long	USA
FEDERAL FARM CREDIT BANK 2.870000% 02/25/2030	474.98 k	500.00 k principal	0.44	Debt	Long	USA
VOXR Vox Royalty Corp.	332.20 k	110.00 k shares	0.31	Common equity	Long	USA
NINTENDO CO LTD COMMON STOCK	320.30 k	6.00 k shares	0.30	Common equity	Long	Japan
SOUTHERN BANCSHARES INC/N C COMMON STOCK	244.01 k	40.00 shares	0.22	Common equity	Long	USA
FEDERAL HOME LOAN BANK 2.500000% 03/18/2038	240.54 k	300.00 k principal	0.22	Debt	Long	USA
GOOG Alphabet Inc.	167.19 k	1.00 k shares	0.15	Common equity	Long	USA
BOSWELL (JG) CO COMMON STOCK	82.65 k	150.00 shares	0.08	Common equity	Long	USA
FANNIE MAE POOL FN AB9550	67.22 k	72.48 k principal	0.06	Debt	Long	USA
FANNIE MAE POOL FN AT2721	58.42 k	62.99 k principal	0.05	Debt	Long	USA
TSI TCW Strategic Income Fund, Inc.	49.38 k	9.63 k shares	0.05	Common equity	Long	USA
FANNIE MAE POOL FN AB7964	37.98 k	39.51 k principal	0.03	Debt	Long	USA
FANNIE MAE POOL FN AB6858	37.68 k	39.47 k principal	0.03	Debt	Long	USA
FANNIE MAE POOL FN AR6834	33.92 k	36.57 k principal	0.03	Debt	Long	USA
GINNIE MAE II POOL G2 MA1012	32.54 k	33.94 k principal	0.03	Debt	Long	USA
PARDEE RESOURCES CO INC COMMON STOCK	30.83 k	101.00 shares	0.03	Common equity	Long	USA
FANNIE MAE POOL FN AI4818	21.57 k	20.93 k principal	0.02	Debt	Long	USA
FANNIE MAE POOL FN AS1770	20.63 k	21.02 k principal	0.02	Debt	Long	USA
GINNIE MAE II POOL G2 MA0935	20.11 k	20.39 k principal	0.02	Debt	Long	USA
FANNIE MAE POOL FN AH3401	20.10 k	19.87 k principal	0.02	Debt	Long	USA
FREDDIE MAC GOLD POOL FG Q01533	19.39 k	18.80 k principal	0.02	Debt	Long	USA
GINNIE MAE II POOL G2 783755	17.48 k	18.81 k principal	0.02	Debt	Long	USA
FRMO CORP COMMON STOCK	16.62 k	2.00 k shares	0.02	Common equity	Long	USA
GINNIE MAE II POOL G2 4922	16.56 k	16.69 k principal	0.02	Debt	Long	USA
FANNIE MAE POOL FN AE7731	15.12 k	14.95 k principal	0.01	Debt	Long	USA
GINNIE MAE II POOL G2 MA1089	13.03 k	14.02 k principal	0.01	Debt	Long	USA
GINNIE MAE II POOL G2 4696	7.26 k	7.17 k principal	0.01	Debt	Long	USA
GINNIE MAE II POOL G2 4978	5.71 k	5.65 k principal	0.01	Debt	Long	USA
FANNIE MAE POOL FN AD1593	4.12 k	4.07 k principal	0.00	Debt	Long	USA
FANNIE MAE REMICS FNR 2012-93 SW	1.84 k	12.68 k principal	0.00	Debt	Long	USA
FANNIE MAE INTEREST STRIP FNS 354 1	1.09 k	1.20 k principal	0.00	Debt	Long	USA
CCMO iHeartCommunications, Inc.	477.07	545.00 principal	0.00	Debt	Long	USA
CMCT Creative Media & Community Trust Corporation	307.30	625.23 shares	0.00	Common equity	Long	USA
CCMO iHeartCommunications, Inc.	70.64	132.00 principal	0.00	Debt	Long	USA
LBRDK Liberty Broadband Corporation	10.51	0.44 shares	0.00	Preferred equity	Long	USA
BEAR STEARNS ASSET BACKED SECURITIES TRUST 2003-AB BSABS 2003-ABF1 A	0.77	0.78 principal	0.00	ABS-mortgage backed security	Long	USA
WTAX FEE 10%	0	1.00 principal	0.00	Debt	Long	USA
PERSHING SQUARE TONTINE - ESCROW SPECIAL PURPOSE ACQUISITION COMPANIES	0	42.44 k shares	0.00	Common equity	Long	USA
PERSHING SQUARE WARRANTS EXPIRE 12/31/2049	0	10.61 k shares	0.00	Common equity	Long	USA