Citizens National Bank Trust Department
Long book
$600.6M
Q1 2026
Positions
382
Top-10 weight
31%
concentration
Last quarter
+13.3%
SPY +14.8%
Turnover
9%
of book per quarter
Strategy in plain words
auto-generated from filingsCitizens National Bank Trust Department is an institutional manager, running a $600.6M US long book across 382 positions.
The portfolio is moderately concentrated (top 10 ≈ 31% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: APPLE INC, ALPHABET INC-CL C, BROADCOM INC, EXXON MOBIL CORP, AMAZON.COM INC.
Over the last 9 quarters its long book ran on average 0.3pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.7%
Q2 2024
+6.9%
Q3 2024
-0.2%
Q4 2024
-1.4%
Q1 2025
+7.2%
Q2 2025
+9.2%
Q3 2025
+3.7%
Q4 2025
+1.3%
Q1 2026
+13.3%
Sector allocation
Technology 32%
Industrials 12%
Financials 12%
Consumer discretionary 9%
Healthcare 8%
Energy 8%
Consumer staples 6%
Utilities 4%
Long book by quarter
What does Citizens National own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 152.9K | $38.8M | 6.5% | +17.0% |
| GOOG ALPHABET INC-CL C | Technology | 97.2K | $27.9M | 4.6% | -1.0% |
| AVGO BROADCOM INC | Technology | 78.6K | $24.3M | 4.0% | -1.4% |
| XOM EXXON MOBIL CORP | Energy | 103.0K | $17.5M | 2.9% | +24.7% |
| AMZN AMAZON.COM INC | Consumer discretionary | 73.8K | $15.4M | 2.6% | +2.1% |
| CAT CATERPILLAR INC | Industrials | 20.3K | $14.4M | 2.4% | -1.0% |
| MSFT MICROSOFT CORP | Technology | 36.6K | $13.5M | 2.3% | +0.1% |
| JNJ JOHNSON & JOHNSON | Healthcare | 53.8K | $13.2M | 2.2% | -0.6% |
| CVX CHEVRON CORP | Energy | 59.2K | $12.2M | 2.0% | +3.8% |
| JPM JPMORGAN CHASE & CO | Financials | 40.5K | $11.9M | 2.0% | -0.1% |
| AMAT APPLIED MATERIALS INC | Technology | 33.5K | $11.4M | 1.9% | -4.4% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 23.7K | $11.4M | 1.9% | +0.7% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 64.4K | $10.7M | 1.8% | +1.1% |
| RTX RTX CORP | Industrials | 51.8K | $10.0M | 1.7% | -0.7% |
| NVDA NVIDIA CORP | Technology | 54.5K | $9.5M | 1.6% | -0.2% |
| ETN EATON CORP PLC | Industrials | 26.4K | $9.5M | 1.6% | -0.7% |
| WMT WALMART INC | Consumer discretionary | 74.7K | $9.3M | 1.5% | +5.8% |
| ABBV ABBVIE INC | Healthcare | 41.5K | $9.0M | 1.5% | +0.3% |
| AFL AFLAC INC | Financials | 76.4K | $8.4M | 1.4% | -0.6% |
| NEE NEXTERA ENERGY INC | Utilities | 82.1K | $7.6M | 1.3% | -1.4% |
| V VISA INC-CLASS A SHARES | Services media | 22.9K | $6.9M | 1.2% | +2.5% |
| PG PROCTER & GAMBLE CO/THE | Other | 47.3K | $6.8M | 1.1% | +0.3% |
| KO COCA-COLA CO/THE | Consumer staples | 88.3K | $6.7M | 1.1% | +2.3% |
| LOW LOWE'S COS INC | Consumer discretionary | 26.9K | $6.4M | 1.1% | -0.6% |
| PEP PEPSICO INC | Consumer staples | 40.1K | $6.2M | 1.0% | -1.4% |
| MRK MERCK & CO. INC. | Healthcare | 46.1K | $5.5M | 0.9% | +6.1% |
| CB CHUBB LTD | Financials | 15.6K | $5.1M | 0.8% | -1.3% |
| AEM AGNICO EAGLE MINES LTD | Materials | 24.6K | $5.0M | 0.8% | +0.2% |
| PSX PHILLIPS 66 | Energy | 25.9K | $4.7M | 0.8% | -0.7% |
| MU MICRON TECHNOLOGY INC | Technology | 13.9K | $4.7M | 0.8% | -5.4% |
| UNH UNITEDHEALTH GROUP INC | Financials | 17.1K | $4.6M | 0.8% | -2.2% |
| MO ALTRIA GROUP INC | Consumer staples | 67.9K | $4.5M | 0.7% | +1.5% |
| FCX FREEPORT-MCMORAN INC | Materials | 75.2K | $4.4M | 0.7% | +3.7% |
| META META PLATFORMS INC-CLASS A | Technology | 7.3K | $4.2M | 0.7% | +2.1% |
| HD HOME DEPOT INC | Consumer discretionary | 12.2K | $4.0M | 0.7% | +3.6% |
| DIS WALT DISNEY CO/THE | Services media | 41.1K | $4.0M | 0.7% | +2.3% |
| FDX FEDEX CORP | Industrials | 10.7K | $3.8M | 0.6% | Held |
| SO SOUTHERN CO/THE | Utilities | 37.4K | $3.6M | 0.6% | +26.0% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 5 | $3.6M | 0.6% | Held |
| AEP AMERICAN ELECTRIC POWER | Utilities | 27.0K | $3.5M | 0.6% | -0.8% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 12.1K | $3.5M | 0.6% | -0.9% |
| DELL DELL TECHNOLOGIES -C | Technology | 20.8K | $3.4M | 0.6% | -7.8% |
| AMGN AMGEN INC | Healthcare | 9.7K | $3.4M | 0.6% | -1.2% |
| UNP UNION PACIFIC CORP | Industrials | 13.7K | $3.3M | 0.6% | +0.4% |
| MCD MCDONALD'S CORP | Consumer discretionary | 10.7K | $3.3M | 0.6% | +0.7% |
| NOC NORTHROP GRUMMAN CORP | Technology | 4.3K | $2.9M | 0.5% | -0.1% |
| GLW CORNING INC | Industrials | 20.7K | $2.8M | 0.5% | -2.3% |
| CSX CSX CORP | Industrials | 66.6K | $2.7M | 0.5% | -0.9% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 11.9K | $2.7M | 0.4% | +6.7% |
| AXP AMERICAN EXPRESS CO | Financials | 8.6K | $2.6M | 0.4% | +2.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 4, 2026 | 382 | $600.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 30, 2026 | 366 | $579.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 23, 2025 | 383 | $560.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 23, 2025 | 376 | $501.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 25, 2025 | 400 | $468.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 3, 2025 | 351 | $472.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 29, 2024 | 344 | $475.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 22, 2024 | 346 | $449.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 3, 2024 | 337 | $430.9M | canonical | SEC ↗ |
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