Farmers National Bank
Long book
$453.3M
Q1 2026
Positions
185
Top-10 weight
38%
concentration
Last quarter
+9.3%
SPY +14.8%
Turnover
12%
of book per quarter
Strategy in plain words
auto-generated from filingsFarmers National Bank is a diversified fundamental manager, running a $453.3M US long book across 185 positions.
The portfolio is moderately concentrated (top 10 ≈ 38% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: APPLE INC, FLEXSHARES IBOXX 5-YEAR TARG, MICROSOFT CORP, JPMORGAN CHASE & CO, BROADCOM INC.
Over the last 8 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 3 of 8 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.5%
Q2 2024
+7.9%
Q4 2024
-0.4%
Q1 2025
+6.1%
Q2 2025
+6.8%
Q3 2025
+2.6%
Q4 2025
-1.3%
Q1 2026
+9.3%
Sector allocation
Technology 34%
Financials 10%
Healthcare 10%
Consumer discretionary 10%
Industrials 9%
Services media 7%
Energy 6%
Other 4%
Long book by quarter
What does Farmers National own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 102.4K | $26.0M | 5.7% | +2.6% |
| MSFT MICROSOFT CORP | Technology | 56.3K | $20.8M | 4.6% | +7.2% |
| JPM JPMORGAN CHASE & CO | Financials | 65.0K | $19.1M | 4.2% | +2.9% |
| AVGO BROADCOM INC | Technology | 60.5K | $18.7M | 4.1% | -0.5% |
| GOOG ALPHABET INC-CL C | Technology | 52.7K | $15.1M | 3.3% | +5.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 58.8K | $14.4M | 3.2% | -3.1% |
| CVX CHEVRON CORP | Energy | 52.4K | $10.8M | 2.4% | +9.0% |
| MCD MCDONALD'S CORP | Consumer discretionary | 29.7K | $9.2M | 2.0% | +1.1% |
| NVDA NVIDIA CORP | Technology | 49.9K | $8.7M | 1.9% | +50.2% |
| HD HOME DEPOT INC | Consumer discretionary | 25.2K | $8.3M | 1.8% | +2.5% |
| V VISA INC-CLASS A SHARES | Services media | 25.9K | $7.8M | 1.7% | +2.1% |
| CSCO CISCO SYSTEMS INC | Technology | 100.2K | $7.8M | 1.7% | +3.8% |
| XOM EXXON MOBIL CORP | Energy | 45.4K | $7.7M | 1.7% | +4.5% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 33.1K | $7.5M | 1.7% | -0.3% |
| PG PROCTER & GAMBLE CO/THE | Other | 51.6K | $7.5M | 1.6% | +0.9% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 28.8K | $7.0M | 1.5% | +13.9% |
| NEE NEXTERA ENERGY INC | Utilities | 69.7K | $6.5M | 1.4% | +1.0% |
| ALL ALLSTATE CORP | Financials | 26.2K | $5.4M | 1.2% | +2.1% |
| DIS WALT DISNEY CO/THE | Services media | 55.8K | $5.4M | 1.2% | +0.4% |
| KO COCA-COLA CO/THE | Consumer staples | 69.6K | $5.3M | 1.2% | -2.8% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 16.7K | $4.8M | 1.1% | -36.1% |
| MA MASTERCARD INC - A | Services media | 9.2K | $4.6M | 1.0% | +8.1% |
| DUK DUKE ENERGY CORP | Utilities | 34.8K | $4.6M | 1.0% | +2.3% |
| ACN ACCENTURE PLC-CL A | Services media | 22.6K | $4.5M | 1.0% | +6.0% |
| ETN EATON CORP PLC | Industrials | 12.4K | $4.4M | 1.0% | +78.4% |
| AMZN AMAZON.COM INC | Consumer discretionary | 20.1K | $4.2M | 0.9% | +3.3% |
| LLY ELI LILLY & CO | Healthcare | 4.5K | $4.1M | 0.9% | +0.4% |
| SBUX STARBUCKS CORP | Consumer discretionary | 44.6K | $4.0M | 0.9% | -2.0% |
| T AT&T INC | Communications | 137.7K | $4.0M | 0.9% | -0.5% |
| GOOGL ALPHABET INC-CL A | Technology | 13.7K | $3.9M | 0.9% | -1.0% |
| GD GENERAL DYNAMICS CORP | Industrials | 11.3K | $3.9M | 0.9% | +3.2% |
| MDT MEDTRONIC PLC | Healthcare | 44.4K | $3.8M | 0.8% | +2.0% |
| CVS CVS HEALTH CORP | Healthcare | 47.9K | $3.4M | 0.8% | -2.0% |
| ADI ANALOG DEVICES INC | Technology | 10.0K | $3.2M | 0.7% | +11.7% |
| ABBV ABBVIE INC | Healthcare | 13.6K | $3.0M | 0.7% | 0.0% |
| WMT WALMART INC | Consumer discretionary | 21.9K | $2.7M | 0.6% | -1.0% |
| ECL ECOLAB INC | Other | 10.0K | $2.7M | 0.6% | +2.8% |
| UNH UNITEDHEALTH GROUP INC | Financials | 9.3K | $2.5M | 0.6% | +1.6% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 5.1K | $2.4M | 0.5% | -18.7% |
| META META PLATFORMS INC-CLASS A | Technology | 4.1K | $2.4M | 0.5% | +11.2% |
| PFE PFIZER INC | Healthcare | 83.3K | $2.3M | 0.5% | +1.9% |
| CMCSA COMCAST CORP-CLASS A | Communications | 78.8K | $2.3M | 0.5% | -4.2% |
| TFC TRUIST FINANCIAL CORP | Financials | 48.5K | $2.2M | 0.5% | -8.6% |
| PEP PEPSICO INC | Consumer staples | 14.2K | $2.2M | 0.5% | -4.5% |
| TGT TARGET CORP | Consumer discretionary | 17.9K | $2.2M | 0.5% | +7.9% |
| RTX RTX CORP | Industrials | 10.4K | $2.0M | 0.4% | +1.7% |
| CAT CATERPILLAR INC | Industrials | 2.8K | $1.9M | 0.4% | -0.9% |
| MDLZ MONDELEZ INTERNATIONAL INC-A | Consumer staples | 32.7K | $1.9M | 0.4% | +4.8% |
| AMGN AMGEN INC | Healthcare | 5.2K | $1.8M | 0.4% | Held |
| LOW LOWE'S COS INC | Consumer discretionary | 6.5K | $1.5M | 0.3% | -0.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Jun 8, 2026 | 251 | $453.3M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Mar 12, 2026 | 251 | $448.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Dec 15, 2025 | 236 | $421.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 235 | $379.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 231 | $354.5M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | May 14, 2025 | 209 | $342.8M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 28, 2024 | 208 | $332.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Aug 28, 2024 | 211 | $335.3M | canonical | SEC ↗ |
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