American Trust
Long book
$1.13B
Q1 2026
Positions
313
Top-10 weight
57%
concentration
Last quarter
+11.2%
SPY +14.8%
Turnover
22%
of book per quarter
Strategy in plain words
auto-generated from filingsAmerican Trust is a wealth-management firm allocating client money, running a $1.13B US long book across 313 positions.
The portfolio is concentrated: the top 10 names carry 57% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD S&P 500 ETF, VANGUARD INTERMEDIATE-TERM B, ISHARES CORE DIVIDEND GROWTH, VANGUARD GROWTH ETF, JPMORGAN ACTIVE GROWTH ETF.
Over the last 9 quarters its long book ran on average 1pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.5%
Q2 2024
+6.5%
Q3 2024
+0.3%
Q4 2024
-2.2%
Q1 2025
+7.6%
Q2 2025
+6.6%
Q3 2025
+2.2%
Q4 2025
-2.1%
Q1 2026
+11.2%
Sector allocation
Technology 27%
Financials 13%
Industrials 12%
Consumer discretionary 12%
Healthcare 12%
Other 7%
Services media 7%
Energy 4%
Long book by quarter
What does American Trust own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 56.1K | $14.2M | 1.3% | -17.6% |
| MSFT MICROSOFT CORP | Technology | 30.2K | $11.2M | 1.0% | -17.4% |
| JPM JPMORGAN CHASE & CO | Financials | 32.9K | $9.7M | 0.9% | -11.7% |
| NVDA NVIDIA CORP | Technology | 43.3K | $7.6M | 0.7% | -21.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 28.8K | $7.0M | 0.6% | -14.4% |
| TJX TJX COMPANIES INC | Consumer discretionary | 39.7K | $6.3M | 0.6% | -16.4% |
| KLAC KLA CORP | Other | 4.1K | $6.0M | 0.5% | -21.5% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 5.7K | $5.6M | 0.5% | -16.9% |
| APH AMPHENOL CORP-CL A | Technology | 43.9K | $5.6M | 0.5% | -15.0% |
| LLY ELI LILLY & CO | Healthcare | 5.8K | $5.3M | 0.5% | -9.1% |
| GOOGL ALPHABET INC-CL A | Technology | 17.6K | $5.1M | 0.4% | -23.8% |
| CMI CUMMINS INC | Industrials | 8.1K | $4.4M | 0.4% | -17.9% |
| ABBV ABBVIE INC | Healthcare | 19.9K | $4.3M | 0.4% | -12.4% |
| V VISA INC-CLASS A SHARES | Services media | 14.2K | $4.3M | 0.4% | -16.7% |
| MA MASTERCARD INC - A | Services media | 8.6K | $4.3M | 0.4% | -17.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 20.5K | $4.3M | 0.4% | -27.1% |
| CTAS CINTAS CORP | Other | 24.6K | $4.2M | 0.4% | -18.1% |
| DE DEERE & CO | Industrials | 7.1K | $4.0M | 0.4% | -16.9% |
| NEE NEXTERA ENERGY INC | Utilities | 42.3K | $3.9M | 0.3% | -11.6% |
| EOG EOG RESOURCES INC | Energy | 25.7K | $3.7M | 0.3% | -11.6% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 37.5K | $3.5M | 0.3% | -13.8% |
| PEP PEPSICO INC | Consumer staples | 22.5K | $3.5M | 0.3% | -15.1% |
| CNQ CANADIAN NATURAL RESOURCES | Energy | 69.2K | $3.4M | 0.3% | -18.5% |
| PH PARKER HANNIFIN CORP | Industrials | 3.6K | $3.3M | 0.3% | -13.3% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 13.9K | $3.1M | 0.3% | -16.3% |
| HD HOME DEPOT INC | Consumer discretionary | 9.6K | $3.1M | 0.3% | -14.1% |
| ABT ABBOTT LABORATORIES | Healthcare | 28.4K | $2.9M | 0.3% | -10.3% |
| SYK STRYKER CORP | Healthcare | 8.6K | $2.8M | 0.2% | -12.4% |
| PG PROCTER & GAMBLE CO/THE | Other | 19.5K | $2.8M | 0.2% | +3.2% |
| AVGO BROADCOM INC | Technology | 8.9K | $2.7M | 0.2% | -14.9% |
| META META PLATFORMS INC-CLASS A | Technology | 4.7K | $2.7M | 0.2% | -17.3% |
| TXN TEXAS INSTRUMENTS INC | Technology | 13.1K | $2.5M | 0.2% | -18.7% |
| BLK BLACKROCK INC | Financials | 2.6K | $2.5M | 0.2% | -7.5% |
| DOV DOVER CORP | Industrials | 11.5K | $2.4M | 0.2% | -15.8% |
| DG DOLLAR GENERAL CORP | Consumer discretionary | 20.1K | $2.4M | 0.2% | -16.7% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 4.6K | $2.3M | 0.2% | -15.7% |
| MRSH MARSH & MCLENNAN COS | Financials | 12.8K | $2.2M | 0.2% | -18.2% |
| ACN ACCENTURE PLC-CL A | Services media | 11.2K | $2.2M | 0.2% | -14.3% |
| BAC BANK OF AMERICA CORP | Financials | 44.5K | $2.2M | 0.2% | +105.6% |
| WRB WR BERKLEY CORP | Financials | 29.0K | $1.9M | 0.2% | +9.8% |
| DHI DR HORTON INC | Industrials | 13.9K | $1.9M | 0.2% | -16.8% |
| ZTS ZOETIS INC | Healthcare | 15.8K | $1.9M | 0.2% | -2.0% |
| SHW SHERWIN-WILLIAMS CO/THE | Consumer discretionary | 5.8K | $1.9M | 0.2% | -16.6% |
| GOOG ALPHABET INC-CL C | Technology | 6.3K | $1.8M | 0.2% | -5.8% |
| JBHT HUNT (JB) TRANSPRT SVCS INC | Industrials | 7.9K | $1.7M | 0.1% | -16.4% |
| SPGI S&P GLOBAL INC | Services media | 3.6K | $1.5M | 0.1% | -0.5% |
| BR BROADRIDGE FINANCIAL SOLUTIO | Services media | 9.3K | $1.5M | 0.1% | -11.7% |
| CMCSA COMCAST CORP-CLASS A | Communications | 51.6K | $1.5M | 0.1% | -5.5% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 3.0K | $1.5M | 0.1% | -4.0% |
| WMT WALMART INC | Consumer discretionary | 11.5K | $1.4M | 0.1% | -1.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 1, 2026 | 313 | $1.13B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 328 | $1.19B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 17, 2025 | 327 | $1.18B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Sep 3, 2025 | 302 | $1.06B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 16, 2025 | 121 | $405.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 18, 2025 | 313 | $1.31B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 29, 2024 | 256 | $1.21B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Sep 12, 2024 | 244 | $1.22B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Jun 11, 2024 | 286 | $1.20B | canonical | SEC ↗ |