FIRST NATIONAL BANK SIOUX FALLS
Long book
$365.5M
Q1 2026
Positions
147
Top-10 weight
52%
concentration
Last quarter
+11.1%
SPY +14.8%
Turnover
11%
of book per quarter
Strategy in plain words
auto-generated from filingsFIRST NATIONAL BANK SIOUX FALLS is a wealth-management firm allocating client money, running a $365.5M US long book across 147 positions.
The portfolio is concentrated: the top 10 names carry 52% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD S&P 500 ETF, MORTGAGE-BACKED SECURITIES, AVANTIS INTERNATIONAL EQUITY, ISHARES CORE MSCI DEV MKTS, AVANTIS US LARGE CAP VALUE.
Over the last 9 quarters its long book ran on average 0.5pp 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
+0.3%
Q2 2024
+7.7%
Q3 2024
+0.4%
Q4 2024
-1.3%
Q1 2025
+8.5%
Q2 2025
+7.2%
Q3 2025
+3.1%
Q4 2025
-1.1%
Q1 2026
+11.1%
Sector allocation
Technology 22%
Financials 20%
Consumer discretionary 14%
Industrials 14%
Services media 9%
Healthcare 6%
Energy 4%
Consumer staples 4%
Long book by quarter
What does FIRST NATIONAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AMZN AMAZON.COM INC | Consumer discretionary | 23.6K | $5.9M | 1.6% | +0.4% |
| AAPL APPLE INC | Technology | 22.2K | $5.9M | 1.6% | -1.3% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 11.1K | $5.3M | 1.4% | +3.3% |
| CAT CATERPILLAR INC | Industrials | 5.7K | $4.4M | 1.2% | 0.0% |
| V VISA INC-CLASS A SHARES | Services media | 12.6K | $4.0M | 1.1% | -0.8% |
| APO APOLLO GLOBAL MANAGEMENT INC | Financials | 29.9K | $3.6M | 1.0% | +2.7% |
| GOOGL ALPHABET INC-CL A | Technology | 9.6K | $3.2M | 0.9% | -1.0% |
| MSFT MICROSOFT CORP | Technology | 7.4K | $3.1M | 0.8% | +1.7% |
| JPM JPMORGAN CHASE & CO | Financials | 8.0K | $2.5M | 0.7% | -1.5% |
| ORCL ORACLE CORP | Technology | 12.1K | $2.2M | 0.6% | -4.2% |
| BX BLACKSTONE INC | Financials | 16.2K | $2.1M | 0.6% | -1.5% |
| XOM EXXON MOBIL CORP | Energy | 13.3K | $2.0M | 0.6% | +0.7% |
| MA MASTERCARD INC - A | Services media | 3.6K | $1.9M | 0.5% | +15.8% |
| CSX CSX CORP | Industrials | 40.5K | $1.7M | 0.5% | Held |
| BAC BANK OF AMERICA CORP | Financials | 28.6K | $1.5M | 0.4% | -2.0% |
| UBER UBER TECHNOLOGIES INC | Services media | 18.7K | $1.4M | 0.4% | +5.2% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 976 | $1.4M | 0.4% | -0.3% |
| KKR KKR & CO INC | Financials | 13.4K | $1.4M | 0.4% | -1.7% |
| ABBV ABBVIE INC | Healthcare | 6.4K | $1.3M | 0.4% | -0.2% |
| META META PLATFORMS INC-CLASS A | Technology | 2.0K | $1.3M | 0.4% | -2.2% |
| WST WEST PHARMACEUTICAL SERVICES | Healthcare | 4.7K | $1.3M | 0.3% | Held |
| PEP PEPSICO INC | Consumer staples | 8.0K | $1.3M | 0.3% | -0.2% |
| SHW SHERWIN-WILLIAMS CO/THE | Consumer discretionary | 3.7K | $1.2M | 0.3% | Held |
| UNP UNION PACIFIC CORP | Industrials | 4.8K | $1.2M | 0.3% | -2.0% |
| WFC WELLS FARGO & CO | Financials | 13.5K | $1.1M | 0.3% | -6.3% |
| GOOG ALPHABET INC-CL C | Technology | 3.2K | $1.1M | 0.3% | -0.9% |
| LLY ELI LILLY & CO | Healthcare | 1.2K | $1.0M | 0.3% | -8.0% |
| EXPE EXPEDIA GROUP INC | Industrials | 4.0K | $1.0M | 0.3% | -1.9% |
| DIS WALT DISNEY CO/THE | Services media | 9.7K | $1.0M | 0.3% | -4.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 4.3K | $1.0M | 0.3% | -2.2% |
| CMI CUMMINS INC | Industrials | 1.6K | $974K | 0.3% | Held |
| TJX TJX COMPANIES INC | Consumer discretionary | 5.9K | $928K | 0.3% | -4.0% |
| CVX CHEVRON CORP | Energy | 4.9K | $913K | 0.2% | -0.6% |
| DHR DANAHER CORP | Technology | 4.5K | $876K | 0.2% | Held |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 5.5K | $852K | 0.2% | -0.1% |
| ORLY O'REILLY AUTOMOTIVE INC | Consumer discretionary | 8.4K | $781K | 0.2% | -4.6% |
| TRV TRAVELERS COS INC/THE | Financials | 2.5K | $757K | 0.2% | -0.6% |
| CSCO CISCO SYSTEMS INC | Technology | 8.5K | $716K | 0.2% | -0.8% |
| KO COCA-COLA CO/THE | Consumer staples | 9.0K | $674K | 0.2% | Held |
| SBUX STARBUCKS CORP | Consumer discretionary | 6.5K | $643K | 0.2% | -1.4% |
| AVGO BROADCOM INC | Technology | 1.6K | $627K | 0.2% | Held |
| MNST MONSTER BEVERAGE CORP | Consumer staples | 8.3K | $626K | 0.2% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 4.3K | $611K | 0.2% | -1.7% |
| LMT LOCKHEED MARTIN CORP | Industrials | 993 | $603K | 0.2% | Held |
| FICO FAIR ISAAC CORP | Services media | 522 | $559K | 0.2% | New |
| CPB THE CAMPBELL'S COMPANY | Consumer staples | 26.5K | $554K | 0.2% | +42.2% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 9.2K | $542K | 0.1% | Held |
| IBM INTL BUSINESS MACHINES CORP | Technology | 2.1K | $534K | 0.1% | -1.8% |
| LOW LOWE'S COS INC | Consumer discretionary | 2.1K | $512K | 0.1% | -3.4% |
| POOL POOL CORP | Consumer discretionary | 2.3K | $510K | 0.1% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 17, 2026 | 178 | $365.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 30, 2026 | 172 | $334.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 21, 2025 | 171 | $320.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 1, 2025 | 166 | $272.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 15, 2025 | 163 | $247.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 13, 2025 | 159 | $234.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 29, 2024 | 156 | $219.9M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 31, 2024 | 156 | $192.7M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 15, 2024 | 158 | $183.2M | canonical | SEC ↗ |