AMG National Trust Bank
Long book
$4.61B
Q1 2026
Positions
472
Top-10 weight
41%
concentration
Last quarter
+10.9%
SPY +14.8%
Turnover
14%
of book per quarter
Strategy in plain words
auto-generated from filingsAMG National Trust Bank is a wealth-management firm allocating client money, running a $4.61B US long book across 472 positions.
The portfolio is moderately concentrated (top 10 ≈ 41% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: SS SPDR S&P 500 ETF TRUST-US, ISHARES RUSSELL MID-CAP ETF, ISHARES RUSSELL 2000 ETF, VANGUARD S&P 500 ETF, ISHARES CORE INTL STOCK ETF.
Over the last 9 quarters its long book ran on average 0.8pp per quarter behind the S&P 500, beating the index in 4 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
-0.1%
Q2 2024
+8.4%
Q3 2024
-1.1%
Q4 2024
-1.9%
Q1 2025
+6.8%
Q2 2025
+7.6%
Q3 2025
+2.7%
Q4 2025
-0.2%
Q1 2026
+10.9%
Sector allocation
Technology 21%
Consumer discretionary 17%
Financials 15%
Industrials 13%
Healthcare 10%
Other 6%
Energy 5%
Consumer staples 4%
Long book by quarter
What does AMG National own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| LOW LOWE'S COS INC | Consumer discretionary | 439.6K | $103.9M | 2.3% | +2.6% |
| AAPL APPLE INC | Technology | 396.5K | $100.6M | 2.2% | +19.5% |
| BALL BALL CORP | Industrials | 1.2M | $69.1M | 1.5% | +0.7% |
| HD HOME DEPOT INC | Consumer discretionary | 102.0K | $33.5M | 0.7% | +4.1% |
| MSFT MICROSOFT CORP | Technology | 82.3K | $30.5M | 0.7% | +15.7% |
| AMZN AMAZON.COM INC | Consumer discretionary | 133.3K | $27.8M | 0.6% | +4.9% |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 131.9K | $27.4M | 0.6% | +2047.2% |
| GOOG ALPHABET INC-CL C | Technology | 81.0K | $23.2M | 0.5% | +17.6% |
| JPM JPMORGAN CHASE & CO | Financials | 78.3K | $23.0M | 0.5% | +16.6% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 32 | $23.0M | 0.5% | -3.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 84.8K | $20.7M | 0.5% | +19.1% |
| GOOGL ALPHABET INC-CL A | Technology | 68.5K | $19.7M | 0.4% | +9.7% |
| NVDA NVIDIA CORP | Technology | 103.2K | $18.0M | 0.4% | +5.5% |
| VFC VF CORP | Other | 983.7K | $16.7M | 0.4% | -0.1% |
| XOM EXXON MOBIL CORP | Energy | 98.1K | $16.6M | 0.4% | +17.4% |
| CVX CHEVRON CORP | Energy | 75.8K | $15.7M | 0.3% | +4.0% |
| RTX RTX CORP | Industrials | 76.7K | $14.8M | 0.3% | +8.8% |
| TAP MOLSON COORS BEVERAGE CO - B | Consumer staples | 325.5K | $14.0M | 0.3% | +3.5% |
| KO COCA-COLA CO/THE | Consumer staples | 181.7K | $13.8M | 0.3% | +39.7% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 27.2K | $13.1M | 0.3% | +29.1% |
| TJX TJX COMPANIES INC | Consumer discretionary | 78.8K | $12.6M | 0.3% | +39.6% |
| PFG PRINCIPAL FINANCIAL GROUP | Financials | 138.1K | $12.4M | 0.3% | +2.1% |
| MRK MERCK & CO. INC. | Healthcare | 93.1K | $11.2M | 0.2% | +2.9% |
| LLY ELI LILLY & CO | Healthcare | 11.6K | $10.7M | 0.2% | +1.0% |
| WMT WALMART INC | Consumer discretionary | 85.1K | $10.6M | 0.2% | +22.1% |
| AXP AMERICAN EXPRESS CO | Financials | 32.6K | $9.9M | 0.2% | +28.2% |
| C CITIGROUP INC | Financials | 83.3K | $9.4M | 0.2% | -2.0% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 100.2K | $9.4M | 0.2% | +4.3% |
| KTB KONTOOR BRANDS INC | Other | 131.9K | $9.3M | 0.2% | -18.9% |
| GILD GILEAD SCIENCES INC | Healthcare | 65.0K | $9.1M | 0.2% | +2.5% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 173.8K | $8.7M | 0.2% | +3.3% |
| PG PROCTER & GAMBLE CO/THE | Other | 58.4K | $8.4M | 0.2% | +17.1% |
| GPK GRAPHIC PACKAGING HOLDING CO | Other | 843.0K | $8.4M | 0.2% | Held |
| CVS CVS HEALTH CORP | Healthcare | 115.5K | $8.3M | 0.2% | +6.0% |
| TXN TEXAS INSTRUMENTS INC | Technology | 42.4K | $8.2M | 0.2% | +86.3% |
| META META PLATFORMS INC-CLASS A | Technology | 13.5K | $7.7M | 0.2% | +10.9% |
| HRL HORMEL FOODS CORP | Consumer staples | 337.9K | $7.7M | 0.2% | -4.2% |
| CE CELANESE CORP | Materials | 114.9K | $7.6M | 0.2% | +1.6% |
| ORCL ORACLE CORP | Technology | 51.2K | $7.5M | 0.2% | +28.8% |
| ECL ECOLAB INC | Other | 27.5K | $7.3M | 0.2% | -2.5% |
| PEP PEPSICO INC | Consumer staples | 43.7K | $6.8M | 0.1% | +21.1% |
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 19.1K | $6.6M | 0.1% | -10.9% |
| AVGO BROADCOM INC | Technology | 21.2K | $6.6M | 0.1% | +9.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 4, 2026 | 675 | $4.61B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 30, 2026 | 640 | $4.25B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 627 | $4.12B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 4, 2025 | 619 | $3.82B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 5, 2025 | 618 | $3.58B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 7, 2025 | 619 | $3.64B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 7, 2024 | 611 | $3.71B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 25, 2024 | 616 | $3.71B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 6, 2024 | 600 | $3.42B | canonical | SEC ↗ |