# EDGAR Filing Document

**Accession Number:** 0000732847
**File Stem:** 0000732847-23-000001
**Filing Date:** 2023-2
**Character Count:** 12019
**Document Hash:** 42f72c9c2f46283f55004d77a8403bf1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000732847-23-000001.hdr.sgml**: 20230215

**ACCESSION NUMBER**: 0000732847-23-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230215

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230215

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST WILSHIRE SECURITIES MANAGEMENT INC
- **CENTRAL INDEX KEY:** 0000732847
- **IRS NUMBER:** 952844956
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-00983
- **FILM NUMBER:** 23632451

**BUSINESS ADDRESS:**
- **STREET 1:** 1214 EAST GREEN STREET, SUITE 104
- **CITY:** PASADENA
- **STATE:** CA
- **ZIP:** 91106-3171
- **BUSINESS PHONE:** (626) 796-6622

**MAIL ADDRESS:**
- **STREET 1:** 1214 EAST GREEN STREET, SUITE 104
- **CITY:** PASADENA
- **STATE:** CA
- **ZIP:** 91106-3171

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST WILSHIRE SECURITIES MANAGEMENT INC /CA
- **DATE OF NAME CHANGE:** 20010411

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** FIRST WILSHIRE SECURITIES MANAGEMENT INC<br>**Address:** 1214 EAST GREEN STREET SUITE 104<br>PASADENA, CA 91106-3171

**Form 13F File Number:** 028-00983

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Howard Lu<br>**Title:** Chief Executive Officer<br>**Phone:** 626-796-6622

**Signature, Place, and Date of Signing:**

Howard Lu  Pasadena, CA  02-14-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 86

**Form 13F Information Table Value Total:** $285920

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| BM TECHNOLOGIES INC CL A | COM | 05591L107 |  | 116 | 22221 | SH |  | SOLE |  | 769 | 0 | 21452 |
| CUSTOMERS BANCORP INC | COM | 23204G100 |  | 281 | 9932 | SH |  | SOLE |  | 0 | 0 | 9932 |
| ECOVYST INC | COM | 27923Q109 |  | 4658 | 525684 | SH |  | SOLE |  | 0 | 0 | 525684 |
| LUXFER HLDGS PLC | SHS | G5698W116 |  | 8212 | 598536 | SH |  | SOLE |  | 32975 | 0 | 565561 |
| ISHARES U S ETF TR | BLACKROCK ST MAT | 46431W507 |  | 605 | 12287 | SH |  | SOLE |  | 0 | 0 | 12287 |
| VANECK ETF TRU | ST PREFERRED SECURT | 92189F429 |  | 234 | 14000 | SH |  | SOLE |  | 0 | 0 | 14000 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 1105 | 14625 | SH |  | SOLE |  | 0 | 0 | 14625 |
| SHELL PLC | SPON ADS | 780259305 |  | 522 | 9174 | SH |  | SOLE |  | 8794 | 0 | 380 |
| APPLE INC | COM | 037833100 |  | 286 | 2198 | SH |  | SOLE |  | 230 | 0 | 1968 |
| WISDOMTREE TR | INTRST RATE HDGE | 97717W380 |  | 356 | 8200 | SH |  | SOLE |  | 0 | 0 | 8200 |
| AMAZON | COM INC COM | 023135106 |  | 699 | 8325 | SH |  | SOLE |  | 870 | 0 | 7455 |
| ANDERSONS INC | COM | 034164103 |  | 3325 | 95020 | SH |  | SOLE |  | 150 | 0 | 94870 |
| ANI PHARMACEUTICALS INC | COM | 00182C103 |  | 14541 | 361447 | SH |  | SOLE |  | 40249 | 0 | 321198 |
| AXT INC | COM | 00246W103 |  | 2055 | 469180 | SH |  | SOLE |  | 26474 | 0 | 442706 |
| BELLUS HEALTH INC NEW | COM NEW | 07987C204 |  | 674 | 82000 | SH |  | SOLE |  | 0 | 0 | 82000 |
| CAMTEK LTD | ORD | M20791105 |  | 1560 | 71047 | SH |  | SOLE |  | 14039 | 0 | 57008 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 |  | 572 | 4533 | SH |  | SOLE |  | 0 | 0 | 4533 |
| CERAGON NETWORKS LTD | ORD | M22013102 |  | 4607 | 2412135 | SH |  | SOLE |  | 75600 | 0 | 2336535 |
| CISCO SYS INC | COM | 17275R102 |  | 388 | 8150 | SH |  | SOLE |  | 550 | 0 | 7600 |
| DAKTRONICS INC | COM | 234264109 |  | 48 | 17100 | SH |  | SOLE |  | 17100 | 0 | 0 |
| EASTSIDE DISTILLING INC | COM | 277802302 |  | 2 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| EAST WEST BANCORP INC | COM | 27579R104 |  | 4965 | 75344 | SH |  | SOLE |  | 12742 | 0 | 62602 |
| EZCORP INC | CL A NON VTG | 302301106 |  | 21281 | 2611214 | SH |  | SOLE |  | 349455 | 0 | 2261759 |
| FGI INDUSTRIES LTD | ORDINARY SHARES | G3302D103 |  | 1779 | 790511 | SH |  | SOLE |  | 745183 | 0 | 45328 |
| FOSTER L B CO | COM | 350060109 |  | 434 | 44820 | SH |  | SOLE |  | 0 | 0 | 44820 |
| GULF IS FABRICATION INC | COM | 402307102 |  | 5403 | 1053199 | SH |  | SOLE |  | 347468 | 0 | 705731 |
| ALPHABET INC CAP STK | CL A | 02079K305 |  | 475 | 5381 | SH |  | SOLE |  | 280 | 0 | 5101 |
| HONEYWELL INTL INC | COM | 438516106 |  | 234 | 1093 | SH |  | SOLE |  | 0 | 0 | 1093 |
| ISHARES TR | S SML 600 GWT | 464287887 |  | 259 | 2400 | SH |  | SOLE |  | 0 | 0 | 2400 |
| LIBERTY GLOBAL PLC SHS | CL C | G5480U120 |  | 32448 | 1670014 | SH |  | SOLE |  | 217857 | 0 | 1452157 |
| LIMONEIRA CO | COM | 532746104 |  | 7524 | 616227 | SH |  | SOLE |  | 95999 | 0 | 520228 |
| LANDSTAR SYS INC | COM | 515098101 |  | 375 | 2300 | SH |  | SOLE |  | 0 | 0 | 2300 |
| LIBERTY MEDIA CORP DEL | COM C SIRIUSXM | 531229607 |  | 539 | 13773 | SH |  | SOLE |  | 850 | 0 | 12923 |
| LOTTERY | COM INC COM | 54570M108 |  | 11 | 63636 | SH |  | SOLE |  | 63636 | 0 | 0 |
| MANITEX INTL INC | COM | 563420108 |  | 3693 | 923374 | SH |  | SOLE |  | 272120 | 0 | 651254 |
| MICROSOFT CORP | COM | 594918104 |  | 959 | 4000 | SH |  | SOLE |  | 0 | 0 | 4000 |
| MATRIX SVC CO | COM | 576853105 |  | 13509 | 2171934 | SH |  | SOLE |  | 455982 | 0 | 1715952 |
| NORTHWEST PIPE CO | COM | 667746101 |  | 10574 | 313773 | SH |  | SOLE |  | 43860 | 0 | 269913 |
| PAVMED INC | COM | 70387R106 |  | 48 | 100000 | SH |  | SOLE |  | 0 | 0 | 100000 |
| RIBBON COMMUNICATIONS INC | COM | 762544104 |  | 4975 | 1783251 | SH |  | SOLE |  | 553974 | 0 | 1229277 |
| RICHARDSON ELECTRS LTD | COM | 763165107 |  | 9637 | 451818 | SH |  | SOLE |  | 170100 | 0 | 281718 |
| ORIGIN AGRITECH LIMITED | SHS NEW | G67828205 |  | 136 | 19500 | SH |  | SOLE |  | 0 | 0 | 19500 |
| SUPERIOR GROUP OF CO INC | COM | 868358102 |  | 8678 | 862586 | SH |  | SOLE |  | 118405 | 0 | 744181 |
| SIGA TECHNOLOGIES INC | COM | 826917106 |  | 864 | 117386 | SH |  | SOLE |  | 18612 | 0 | 98774 |
| SILICOM LTD | ORD | M84116108 |  | 23541 | 558510 | SH |  | SOLE |  | 87450 | 0 | 471060 |
| SOLIGENIX INC | COM | 834223307 |  | 158 | 350000 | SH |  | SOLE |  | 0 | 0 | 350000 |
| TETRA TECH INC NEW | COM | 88162G103 |  | 711 | 4900 | SH |  | SOLE |  | 0 | 0 | 4900 |
| VSE CORP | COM | 918284100 |  | 3249 | 69302 | SH |  | SOLE |  | 0 | 0 | 69302 |
| ABBOTT LABS | COM | 002824100 |  | 443 | 4035 | SH |  | SOLE |  | 0 | 0 | 4035 |
| ADAMS RES  ENERGY INC | COM NEW | 006351308 |  | 682 | 17535 | SH |  | SOLE |  | 17535 | 0 | 0 |
| FEDERAL AGRIC MTG CORP | CL C | 313148306 |  | 8795 | 78032 | SH |  | SOLE |  | 11237 | 0 | 66795 |
| BANK AMERICA CORP | COM | 060505104 |  | 528 | 15954 | SH |  | SOLE |  | 4260 | 0 | 11694 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 5601 | 18133 | SH |  | SOLE |  | 2459 | 0 | 15674 |
| CHINA FD INC | COM | 169373107 |  | 254 | 19622 | SH |  | SOLE |  | 518 | 0 | 19104 |
| COMMERCIAL METALS CO | COM | 201723103 |  | 555 | 11500 | SH |  | SOLE |  | 0 | 0 | 11500 |
| CRAWFORD  CO | CL A | 224633206 |  | 4114 | 739868 | SH |  | SOLE |  | 144339 | 0 | 595529 |
| CRAWFORD  CO | CL B | 224633107 |  | 1428 | 268941 | SH |  | SOLE |  | 0 | 0 | 268941 |
| CVS HEALTH CORP | COM | 126650100 |  | 429 | 4607 | SH |  | SOLE |  | 0 | 0 | 4607 |
| CHEVRON CORP NEW | COM | 166764100 |  | 296 | 1650 | SH |  | SOLE |  | 0 | 0 | 1650 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 368 | 2350 | SH |  | SOLE |  | 0 | 0 | 2350 |
| GENERAL ELECTRIC CO | COM NEW | 369604301 |  | 300 | 3575 | SH |  | SOLE |  | 75 | 0 | 3500 |
| INVESCO ACTIVELY MANAGED ETF | ULTRA SHRT DUR | 46090A887 |  | 996 | 20141 | SH |  | SOLE |  | 6744 | 0 | 13397 |
| HOME DEPOT INC | COM | 437076102 |  | 419 | 1325 | SH |  | SOLE |  | 0 | 0 | 1325 |
| HUNTSMAN CORP | COM | 447011107 |  | 3479 | 126589 | SH |  | SOLE |  | 0 | 0 | 126589 |
| ISHARES TR | U.S. MED DVC ETF | 464288810 |  | 647 | 12300 | SH |  | SOLE |  | 0 | 0 | 12300 |
| ISHARES TR | US TRSPRTION | 464287192 |  | 363 | 1700 | SH |  | SOLE |  | 0 | 0 | 1700 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 483 | 4025 | SH |  | SOLE |  | 0 | 0 | 4025 |
| JEFFERIES FINL GROUP INC | COM | 47233W109 |  | 23656 | 690069 | SH |  | SOLE |  | 93331 | 0 | 596738 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 441 | 2497 | SH |  | SOLE |  | 0 | 0 | 2497 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 231 | 1719 | SH |  | SOLE |  | 839 | 0 | 880 |
| MARATHON PETE CORP | COM | 56585A102 |  | 557 | 4786 | SH |  | SOLE |  | 0 | 0 | 4786 |
| MERCK  CO INC | COM | 58933Y105 |  | 236 | 2131 | SH |  | SOLE |  | 0 | 0 | 2131 |
| PFIZER INC | COM | 717081103 |  | 301 | 5879 | SH |  | SOLE |  | 555 | 0 | 5324 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 303 | 2000 | SH |  | SOLE |  | 0 | 0 | 2000 |
| SANDRIDGE ENERGY INC | COM NEW | 80007P869 |  | 8254 | 484650 | SH |  | SOLE |  | 36867 | 0 | 447783 |
| AT INC | COM | 00206R102 |  | 275 | 14945 | SH |  | SOLE |  | 266 | 0 | 14679 |
| PROSHARES TR | PSHS ULTSH 20YRS | 74347B201 |  | 445 | 13680 | SH |  | SOLE |  | 13680 | 0 | 0 |
| TUTOR PERINI CORP | COM | 901109108 |  | 2381 | 315348 | SH |  | SOLE |  | 44200 | 0 | 271148 |
| VANGUARD WORLD FDS | HEALTH CAR ETF | 92204A504 |  | 757 | 3050 | SH |  | SOLE |  | 0 | 0 | 3050 |
| VANGUARD INDEX FDS S 500 ETF | SHS | 922908363 |  | 539 | 1533 | SH |  | SOLE |  | 0 | 0 | 1533 |
| VISTRA CORP | COM | 92840M102 |  | 13713 | 591057 | SH |  | SOLE |  | 0 | 0 | 591057 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 281 | 2600 | SH |  | SOLE |  | 0 | 0 | 2600 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 392 | 9954 | SH |  | SOLE |  | 0 | 0 | 9954 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 432 | 12630 | SH |  | SOLE |  | 0 | 0 | 12630 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 492 | 3950 | SH |  | SOLE |  | 0 | 0 | 3950 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 749 | 5798 | SH |  | SOLE |  | 0 | 0 | 5798 |

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