First Bank & Trust
Long book
$620.8M
Q1 2026
Positions
257
Top-10 weight
44%
concentration
Last quarter
+9.5%
SPY +14.8%
Turnover
18%
of book per quarter
Strategy in plain words
auto-generated from filingsFirst Bank & Trust is an institutional manager, running a $620.8M US long book across 257 positions.
The portfolio is moderately concentrated (top 10 ≈ 44% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD TOTAL STOCK MKT ETF, VANGUARD FTSE DEVELOPED ETF, ISHARES CORE U.S. AGGREGATE, VANGUARD S&P 500 ETF, VANGUARD FTSE EMERGING MARKE.
Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 3 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
+2.2%
Q2 2024
+7.5%
Q3 2024
-0.2%
Q4 2024
-0.9%
Q1 2025
+8.5%
Q2 2025
+6.1%
Q3 2025
+1.7%
Q4 2025
+0.1%
Q1 2026
+9.5%
Sector allocation
Technology 25%
Financials 15%
Utilities 11%
Healthcare 11%
Energy 8%
Consumer discretionary 6%
Other 6%
Services media 5%
Long book by quarter
What does First Bank own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 62.5K | $15.9M | 2.6% | +14.5% |
| MSFT MICROSOFT CORP | Technology | 34.0K | $12.6M | 2.0% | -1.7% |
| NVDA NVIDIA CORP | Technology | 70.3K | $12.3M | 2.0% | +70.3% |
| GEVO GEVO INC | Other | 3.1M | $8.4M | 1.3% | Held |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 7.9K | $7.9M | 1.3% | -9.9% |
| PFE PFIZER INC | Healthcare | 257.4K | $7.2M | 1.2% | +39.8% |
| TTE TOTALENERGIES SE | Energy | 77.7K | $7.1M | 1.1% | +4.4% |
| META META PLATFORMS INC-CLASS A | Technology | 11.0K | $6.3M | 1.0% | +10.2% |
| XOM EXXON MOBIL CORP | Energy | 34.1K | $5.8M | 0.9% | -1.8% |
| GOOGL ALPHABET INC-CL A | Technology | 19.5K | $5.6M | 0.9% | +114.9% |
| ENB ENBRIDGE INC | Energy | 96.2K | $5.2M | 0.8% | +3.4% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 31.3K | $5.2M | 0.8% | +3.0% |
| GOOG ALPHABET INC-CL C | Technology | 17.6K | $5.1M | 0.8% | -3.5% |
| CVX CHEVRON CORP | Energy | 24.2K | $5.0M | 0.8% | +3.6% |
| AMZN AMAZON.COM INC | Consumer discretionary | 23.2K | $4.8M | 0.8% | -14.4% |
| DUK DUKE ENERGY CORP | Utilities | 36.2K | $4.7M | 0.8% | -2.0% |
| USB US BANCORP | Financials | 89.2K | $4.6M | 0.7% | +8.8% |
| AMGN AMGEN INC | Healthcare | 13.0K | $4.6M | 0.7% | +0.8% |
| XEL XCEL ENERGY INC | Utilities | 56.8K | $4.5M | 0.7% | +0.5% |
| ABBV ABBVIE INC | Healthcare | 20.1K | $4.4M | 0.7% | -1.4% |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 20.8K | $4.3M | 0.7% | +4.5% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 82.0K | $4.1M | 0.7% | -1.4% |
| WMB WILLIAMS COS INC | Utilities | 55.0K | $4.0M | 0.6% | -3.3% |
| GILD GILEAD SCIENCES INC | Healthcare | 28.0K | $3.9M | 0.6% | -23.4% |
| SO SOUTHERN CO/THE | Utilities | 39.0K | $3.8M | 0.6% | -9.9% |
| TRP TC ENERGY CORP | Utilities | 60.0K | $3.8M | 0.6% | +1.4% |
| MA MASTERCARD INC - A | Services media | 7.3K | $3.6M | 0.6% | -6.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 13.8K | $3.4M | 0.5% | -18.8% |
| AEP AMERICAN ELECTRIC POWER | Utilities | 24.7K | $3.2M | 0.5% | -5.8% |
| TFC TRUIST FINANCIAL CORP | Financials | 66.0K | $3.0M | 0.5% | +6.5% |
| PEP PEPSICO INC | Consumer staples | 19.3K | $3.0M | 0.5% | +14.9% |
| HBAN HUNTINGTON BANCSHARES INC | Financials | 186.9K | $2.9M | 0.5% | -2.6% |
| DAKT DAKTRONICS INC | Other | 148.0K | $2.9M | 0.5% | -61.7% |
| JPM JPMORGAN CHASE & CO | Financials | 9.6K | $2.8M | 0.5% | -8.1% |
| AVGO BROADCOM INC | Technology | 9.0K | $2.8M | 0.4% | -0.3% |
| HLT HILTON WORLDWIDE HOLDINGS IN | Services media | 8.3K | $2.5M | 0.4% | -19.5% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 5.2K | $2.5M | 0.4% | +14.2% |
| ETR ENTERGY CORP | Utilities | 21.7K | $2.4M | 0.4% | -4.4% |
| BMO BANK OF MONTREAL | Financials | 17.3K | $2.3M | 0.4% | +0.9% |
| CTAS CINTAS CORP | Other | 13.2K | $2.2M | 0.4% | -13.5% |
| CME CME GROUP INC | Financials | 7.3K | $2.2M | 0.3% | +50.4% |
| KO COCA-COLA CO/THE | Consumer staples | 24.9K | $1.9M | 0.3% | +0.5% |
| FE FIRSTENERGY CORP | Utilities | 37.1K | $1.9M | 0.3% | +22.7% |
| T AT&T INC | Communications | 63.0K | $1.8M | 0.3% | -13.5% |
| PPL PPL CORP | Utilities | 45.8K | $1.7M | 0.3% | +2.0% |
| PGR PROGRESSIVE CORP | Financials | 8.7K | $1.7M | 0.3% | -22.0% |
| INTU INTUIT INC | Technology | 3.9K | $1.7M | 0.3% | -28.1% |
| WFC WELLS FARGO & CO | Financials | 20.1K | $1.6M | 0.3% | -7.2% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 3.4K | $1.6M | 0.3% | -42.7% |
| PAYX PAYCHEX INC | Services media | 16.7K | $1.5M | 0.2% | +125.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 10, 2026 | 397 | $620.8M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 12, 2026 | 408 | $613.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 10, 2025 | 399 | $594.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 9, 2025 | 364 | $560.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 28, 2025 | 354 | $516.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 3, 2025 | 362 | $521.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 24, 2024 | 368 | $527.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 9, 2024 | 361 | $491.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 17, 2024 | 366 | $483.8M | canonical | SEC ↗ |
Similar funds
MASSACHUSETTS FINANCIAL SERVICES CO /MA/JENNISON ASSOCIATES LLCNational Pension ServiceFIL LtdClearbridge Investments, LLCDZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am MainNORDEA INVESTMENT MANAGEMENT ABBoston PartnersSwedbank AB1832 Asset Management L.P. HARRIS ASSOCIATES L PLOOMIS SAYLES & CO L P