First Foundation Total Return Fund

Fund Profile

Fund profile

Tickers

FBBAX, FBBYX

Fund manager

Advisors' Inner Circle Fund III

Total assets

$93.02 mm

Liabilities

$263.88 k

Net assets

$92.75 mm

Number of holdings

118.00

118 Holdings

As of Sep 2022

Security	$Holding	Balance	% of Fund	Category	Position	Country
TPL Texas Pacific Land Corporation	7.77 mm	4.37 k shares	8.37	Common equity	Long	USA
BOLLORE SE COMMON STOCK	5.73 mm	1.24 mm shares	6.18	Common equity	Long	France
VIVENDI SE COMMON STOCK	4.32 mm	553.39 k shares	4.66	Common equity	Long	France
COMPAGNIE DE L'ODET SA COMMON STOCK	4.08 mm	3.62 k shares	4.40	Common equity	Long	France
URBN Urban Outfitters, Inc.	3.87 mm	73.75 k shares	4.18	Common equity	Long	USA
EXOR NV COMMON STOCK	3.82 mm	62.85 k shares	4.12	Common equity	Long	Italy
MSGE Madison Square Garden Entertainment Corp	3.43 mm	77.88 k shares	3.70	Common equity	Long	USA
ATVI Activision Blizzard Inc	2.21 mm	29.75 k shares	2.38	Common equity	Long	USA
BN Brookfield Corporation	2.18 mm	53.37 k shares	2.35	Common equity	Long	USA
JPM JPMorgan Chase & Co.	2.09 mm	20.03 k shares	2.26	Common equity	Long	USA
BECLE SAB DE CV COMMON STOCK	2.04 mm	1.15 mm shares	2.20	Common equity	Long	Mexico
PRAIRIESKY ROYALTY LTD COMMON STOCK	1.97 mm	152.24 k shares	2.13	Common equity	Long	Canada
US TREASURY N/B 0.250000% 04/15/2023	1.96 mm	2.00 mm principal	2.11	Structured note	Long	USA
TLF Tandy Leather Factory Inc	1.91 mm	524.51 k shares	2.06	Common equity	Long	USA
US TREASURY N/B 0.375000% 04/15/2024	1.88 mm	2.00 mm principal	2.03	Structured note	Long	USA
LAGARDERE SA COMMON STOCK	1.87 mm	126.24 k shares	2.02	Common equity	Long	France
PM Philip Morris International Inc	1.73 mm	20.90 k shares	1.87	Common equity	Long	USA
MGM MGM Resorts International	1.53 mm	51.50 k shares	1.65	Common equity	Long	USA
CMCT Creative Media & Community Trust	1.50 mm	234.90 k shares	1.62	Common equity	Long	USA
CP Canadian Pacific Railway Ltd	1.42 mm	21.30 k shares	1.53	Common equity	Long	USA
CTO CTO Realty Growth Inc-	1.40 mm	74.63 k shares	1.51	Common equity	Long	USA
BRK.A Berkshire Hathaway Inc.	1.35 mm	5.06 k shares	1.46	Common equity	Long	USA
Walt Disney Co	1.34 mm	14.25 k shares	1.45	Common equity	Long	USA
CTO CTO Realty Growth Inc-	1.25 mm	56.85 k shares	1.35	Preferred equity	Long	USA
GOOG Alphabet Inc	1.11 mm	11.62 k shares	1.20	Common equity	Long	USA
EBAY EBay Inc.	1.04 mm	1.04 mm principal	1.12	Debt	Long	USA
TREASURY BILL 0.000000% 12/28/2022	994.59 k	1.00 mm principal	1.07	Debt	Long	USA
MO Altria Group Inc.	985.27 k	24.40 k shares	1.06	Common equity	Long	USA
TREASURY BILL 0.000000% 03/02/2023	984.63 k	1.00 mm principal	1.06	Debt	Long	USA
AMZN Amazon.com Inc.	954.85 k	8.45 k shares	1.03	Common equity	Long	USA
LMACA Liberty Media Acquisition Corp - Series A	944.30 k	95.00 k shares	1.02	Common equity	Long	USA
KEWEENAW LAND ASSOCIATION LT COMMON STOCK	928.30 k	52.60 k shares	1.00	Common equity	Long	USA
AIR LEASE CORP 2.250000% 01/15/2023	853.75 k	861.00 k principal	0.92	Debt	Long	USA
LVMH MOET HENNESSY-UNSP ADR DEPOSITARY RECEIPT	840.13 k	7.15 k shares	0.91	Common equity	Long	USA
AON Aon plc	807.63 k	3.02 k shares	0.87	Common equity	Long	USA
7-ELEVEN INC 144A 0.625000% 02/10/2023	783.59 k	795.00 k principal	0.84	Debt	Long	USA
AMT American Tower Corp.	779.55 k	782.00 k principal	0.84	Debt	Long	USA
SKY LTD 144A 3.125000% 11/26/2022	768.74 k	770.00 k principal	0.83	Debt	Long	UK
UNTC Unit Corp	763.63 k	14.34 k shares	0.82	Common equity	Long	USA
BAC Bank Of America Corp.	744.86 k	635.00 shares	0.80	Preferred equity	Long	USA
LUMN Lumen Technologies Inc	743.66 k	722.00 k principal	0.80	Debt	Long	USA
CMP Compass Minerals International Inc	701.48 k	18.21 k shares	0.76	Common equity	Long	USA
US TREASURY N/B 1.875000% 02/15/2032	699.06 k	825.00 k principal	0.75	Structured note	Long	USA
NINTENDO CO LTD COMMON STOCK	647.10 k	16.00 k shares	0.70	Common equity	Long	Japan
BROWN BROTHERS HARRIMAN SWEEP INTEREST	583.14 k	583.14 k principal	0.63	Short-term investment vehicle	Long	USA
TEXAS EASTERN TRANSMISSION LP 144A 2.800000% 10/15/2022	574.67 k	575.00 k principal	0.62	Debt	Long	USA
HCA HCA Healthcare Inc	510.02 k	2.78 k shares	0.55	Common equity	Long	USA
DY Dycom Industries, Inc.	502.20 k	27.00 k shares	0.54	Preferred equity	Long	USA
LMACA Liberty Media Acquisition Corp - Series A	498.89 k	50.14 k shares	0.54	Common equity	Long	USA
EW Edwards Lifesciences Corp	495.78 k	6.00 k shares	0.53	Common equity	Long	USA
PRU Prudential Financial Inc.	492.63 k	500.00 k principal	0.53	Debt	Long	USA
DUKE ENERGY CAROLINAS LLC 2.500000% 03/15/2023	476.20 k	480.00 k principal	0.51	Debt	Long	USA
HON Honeywell International Inc	465.85 k	2.79 k shares	0.50	Common equity	Long	USA
PNC PNC Financial Services Group Inc	448.26 k	3.00 k shares	0.48	Common equity	Long	USA
Broadcom Pte. Ltd.	430.69 k	970.00 shares	0.46	Common equity	Long	USA
DPZ Dominos Pizza Inc	426.53 k	1.38 k shares	0.46	Common equity	Long	USA
Public Service Electric & Gas Co	424.33 k	425.00 k principal	0.46	Debt	Long	USA
LH Laboratory Corp. Of America Holdings	409.62 k	2.00 k shares	0.44	Common equity	Long	USA
GREENFIRST FOREST PRODUCTS I COMMON STOCK	391.83 k	336.50 k shares	0.42	Common equity	Long	Canada
GOOG Alphabet Inc	371.14 k	3.86 k shares	0.40	Common equity	Long	USA
BAC Bank Of America Corp.	333.61 k	340.00 k principal	0.36	Debt	Long	USA
ELS Equity Lifestyle Properties Inc.	298.80 k	4.76 k shares	0.32	Common equity	Long	USA
D Dominion Energy Inc	298.31 k	300.00 k principal	0.32	Debt	Long	USA
VIVEF Vivendi	275.30 k	35.80 k shares	0.30	Common equity	Long	USA
HYUNDAI CAPITAL AMERICA 144A 1.150000% 11/10/2022	269.02 k	270.00 k principal	0.29	Debt	Long	USA
NINTENDO CO LTD-UNSPONS ADR DEPOSITARY RECEIPT	267.59 k	5.25 k shares	0.29	Common equity	Long	USA
MUFG UNION BANK NA 2.100000% 12/09/2022	258.74 k	260.00 k principal	0.28	Debt	Long	USA
EIX Edison International	225.60 k	226.00 k principal	0.24	Debt	Long	USA
HYUNDAI CAPITAL AMERICA 144A 5.750000% 04/06/2023	215.63 k	215.00 k principal	0.23	Debt	Long	USA
ET Energy Transfer LP	215.22 k	9.85 k shares	0.23	Preferred equity	Long	USA
WEC WEC Energy Group Inc	207.50 k	250.00 k principal	0.22	Debt	Long	USA
SCHW Charles Schwab Corp.	200.24 k	201.00 k principal	0.22	Debt	Long	USA
HPQ HP Inc	199.68 k	202.00 k principal	0.22	Debt	Long	USA
SWISS RE TREASURY US CORP 144A 2.875000% 12/06/2022	199.63 k	200.00 k principal	0.22	Debt	Long	Switzerland
VIRGINIA ELECTRIC AND POWER CO 2.750000% 03/15/2023	198.01 k	200.00 k principal	0.21	Debt	Long	USA
TOLL BROTHERS FINANCE CORP 4.375000% 04/15/2023	181.03 k	182.00 k principal	0.20	Debt	Long	USA
JPM JPMorgan Chase & Co.	181.00 k	181.00 k principal	0.20	Debt	Long	USA
LBRDA Liberty Broadband Corp - Series A	112.13 k	4.50 k shares	0.12	Preferred equity	Long	USA
EQC Equity Commonwealth	104.68 k	4.00 k shares	0.11	Preferred equity	Long	USA
SCHW Charles Schwab Corp.	100.08 k	100.00 k principal	0.11	Debt	Long	USA
FANNIE MAE POOL FN AB9550	83.15 k	92.90 k principal	0.09	Debt	Long	USA
OPP RiverNorth/DoubleLine Strategic opportunity fund Inc	74.08 k	4.00 k shares	0.08	Preferred equity	Long	USA
WFC Wells Fargo & Co.	71.84 k	3.20 k shares	0.08	Preferred equity	Long	USA
SCHLUMBERGER FINANCE CANADA LTD 144A 2.650000% 11/20/2022	69.95 k	70.00 k principal	0.08	Debt	Long	USA
FANNIE MAE POOL FN AT2721	69.79 k	77.90 k principal	0.08	Debt	Long	USA
Allergan Plc	60.26 k	61.00 k principal	0.06	Debt	Long	USA
WMB Williams Cos Inc	58.96 k	59.00 k principal	0.06	Debt	Long	USA
JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST 2013-C1 JPMBB 2013-C17 C	57.63 k	60.00 k principal	0.06	ABS-mortgage backed security	Long	USA
SOUTHERN NATURAL GAS CO LLC 144A 0.625000% 04/28/2023	57.38 k	59.00 k principal	0.06	Debt	Long	USA
FANNIE MAE POOL FN AB7964	47.54 k	51.27 k principal	0.05	Debt	Long	USA
KML Kinder Morgan Canada Ltd	42.02 k	42.00 k principal	0.05	Debt	Long	USA
FANNIE MAE POOL FN AB6858	41.86 k	45.57 k principal	0.05	Debt	Long	USA
FANNIE MAE POOL FN AR6834	40.23 k	44.90 k principal	0.04	Debt	Long	USA
WFRBS COMMERCIAL MORTGAGE TRUST 2014-LC14 WFRBS 2014-LC14 AS	39.06 k	40.00 k principal	0.04	ABS-mortgage backed security	Long	USA
GINNIE MAE II POOL G2 MA1012	38.79 k	41.68 k principal	0.04	Debt	Long	USA
FANNIE MAE POOL FN AI4818	28.15 k	28.02 k principal	0.03	Debt	Long	USA
AMT American Tower Corp.	25.67 k	26.00 k principal	0.03	Debt	Long	USA
GINNIE MAE II POOL G2 MA0935	24.43 k	25.57 k principal	0.03	Debt	Long	USA
FANNIE MAE POOL FN AH3401	24.22 k	24.64 k principal	0.03	Debt	Long	USA
FANNIE MAE POOL FN AS1770	24.01 k	25.28 k principal	0.03	Debt	Long	USA
FREDDIE MAC GOLD POOL FG Q01533	23.62 k	23.48 k principal	0.03	Debt	Long	USA
REXR Rexford Industrial Realty Inc	20.92 k	900.00 shares	0.02	Preferred equity	Long	USA
GINNIE MAE II POOL G2 783755	20.79 k	23.13 k principal	0.02	Debt	Long	USA
GINNIE MAE II POOL G2 4922	19.75 k	20.76 k principal	0.02	Debt	Long	USA
FANNIE MAE POOL FN AE7731	18.24 k	18.67 k principal	0.02	Debt	Long	USA
GINNIE MAE II POOL G2 MA1089	15.53 k	17.27 k principal	0.02	Debt	Long	USA
WINDROCK LTD CO COMMON STOCK	12.88 k	23.00 shares	0.01	Common equity	Long	USA
GINNIE MAE II POOL G2 4696	8.92 k	9.03 k principal	0.01	Debt	Long	USA
GINNIE MAE II POOL G2 4978	7.01 k	7.09 k principal	0.01	Debt	Long	USA
COMPAGNIE DU CAMBODGE COMMON STOCK	5.39 k	1.00 shares	0.01	Common equity	Long	France
MONCEY FINANCIERE COMMON STOCK	5.29 k	1.00 shares	0.01	Common equity	Long	France
FANNIE MAE POOL FN AD1593	5.18 k	5.30 k principal	0.01	Debt	Long	USA
STE IND & FIN DE L'ARTOIS SA COMMON STOCK	4.29 k	1.00 shares	0.00	Common equity	Long	France
FANNIE MAE REMICS FNR 2012-93 SW	1.81 k	16.70 k principal	0.00	Debt	Long	USA
FANNIE MAE INTEREST STRIP FNS 354 1	1.48 k	1.68 k principal	0.00	Debt	Long	USA
CCMO iHeartCommunications, Inc.	505.62	545.00 principal	0.00	Debt	Long	USA
CCMO iHeartCommunications, Inc.	111.00	132.00 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