First National Trust Co
Long book
$2.93B
Q1 2026
Positions
407
Top-10 weight
32%
concentration
Last quarter
+10.7%
SPY +14.8%
Turnover
7%
of book per quarter
Strategy in plain words
auto-generated from filingsFirst National Trust Co is an institutional manager, running a $2.93B US long book across 407 positions.
The portfolio is moderately concentrated (top 10 ≈ 32% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: APPLE INC, SS SPDR P S&P 500 GROWTH ETF, SS SPDR P S&P 500 VALUE ETF, NVIDIA CORP, ISHARES CORE MSCI EAFE ETF.
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. 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
+2.9%
Q2 2024
+6.6%
Q3 2024
+1.2%
Q4 2024
-2.2%
Q1 2025
+7.7%
Q2 2025
+7.8%
Q3 2025
+3.0%
Q4 2025
-1.6%
Q1 2026
+10.7%
Sector allocation
Technology 36%
Financials 13%
Consumer discretionary 11%
Healthcare 10%
Industrials 9%
Energy 6%
Other 3%
Utilities 3%
Long book by quarter
What does First National own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 549.4K | $139.4M | 4.8% | -2.0% |
| NVDA NVIDIA CORP | Technology | 546.1K | $95.2M | 3.2% | -2.2% |
| MSFT MICROSOFT CORP | Technology | 228.2K | $84.5M | 2.9% | +3.3% |
| GOOGL ALPHABET INC-CL A | Technology | 251.8K | $72.4M | 2.5% | -7.1% |
| AVGO BROADCOM INC | Technology | 172.3K | $53.3M | 1.8% | -12.6% |
| JPM JPMORGAN CHASE & CO | Financials | 176.8K | $52.0M | 1.8% | -1.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 230.4K | $48.0M | 1.6% | -4.0% |
| WMT WALMART INC | Consumer discretionary | 284.1K | $35.3M | 1.2% | -4.5% |
| XOM EXXON MOBIL CORP | Energy | 204.7K | $34.7M | 1.2% | +4.8% |
| LLY ELI LILLY & CO | Healthcare | 34.4K | $31.6M | 1.1% | +5.7% |
| JNJ JOHNSON & JOHNSON | Healthcare | 129.1K | $31.5M | 1.1% | -1.2% |
| META META PLATFORMS INC-CLASS A | Technology | 54.9K | $31.4M | 1.1% | +4.7% |
| CAT CATERPILLAR INC | Industrials | 41.0K | $29.0M | 1.0% | -5.7% |
| CVX CHEVRON CORP | Energy | 140.2K | $29.0M | 1.0% | +7.3% |
| MRK MERCK & CO. INC. | Healthcare | 203.7K | $24.5M | 0.8% | +0.9% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 50.5K | $24.2M | 0.8% | -10.8% |
| CSCO CISCO SYSTEMS INC | Technology | 288.5K | $22.4M | 0.8% | -1.1% |
| MCD MCDONALD'S CORP | Consumer discretionary | 71.9K | $22.4M | 0.8% | +5.7% |
| V VISA INC-CLASS A SHARES | Services media | 72.3K | $21.9M | 0.7% | -1.2% |
| NEE NEXTERA ENERGY INC | Utilities | 215.0K | $20.0M | 0.7% | +0.9% |
| ABBV ABBVIE INC | Healthcare | 87.9K | $19.1M | 0.7% | -24.7% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 82.1K | $18.6M | 0.6% | +4.3% |
| LIN LINDE PLC | Materials | 35.9K | $17.8M | 0.6% | +6.9% |
| HD HOME DEPOT INC | Consumer discretionary | 51.5K | $16.9M | 0.6% | -0.3% |
| AMGN AMGEN INC | Healthcare | 47.9K | $16.9M | 0.6% | +7.5% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 14.3K | $14.2M | 0.5% | -2.3% |
| TSLA TESLA INC | Industrials | 35.6K | $13.2M | 0.5% | -2.5% |
| TJX TJX COMPANIES INC | Consumer discretionary | 82.9K | $13.2M | 0.5% | -2.1% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 79.9K | $13.2M | 0.5% | +5.9% |
| KO COCA-COLA CO/THE | Consumer staples | 159.5K | $12.1M | 0.4% | +8.8% |
| MO ALTRIA GROUP INC | Consumer staples | 183.4K | $12.1M | 0.4% | +2.7% |
| BLK BLACKROCK INC | Financials | 12.4K | $11.9M | 0.4% | +5.2% |
| UNH UNITEDHEALTH GROUP INC | Financials | 40.9K | $11.1M | 0.4% | +23.8% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 44.7K | $10.8M | 0.4% | -3.9% |
| ORCL ORACLE CORP | Technology | 73.1K | $10.8M | 0.4% | -8.7% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 110.0K | $10.3M | 0.4% | +17.4% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 202.3K | $10.2M | 0.3% | -1.7% |
| UNP UNION PACIFIC CORP | Industrials | 40.8K | $9.9M | 0.3% | +2.6% |
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 28.5K | $9.8M | 0.3% | -0.2% |
| CAH CARDINAL HEALTH INC | Consumer discretionary | 43.8K | $9.3M | 0.3% | +22.5% |
| FNB FNB CORP | Financials | 550.4K | $9.2M | 0.3% | -5.4% |
| GD GENERAL DYNAMICS CORP | Industrials | 25.7K | $8.8M | 0.3% | +7.5% |
| LRCX LAM RESEARCH CORP | Industrials | 39.5K | $8.4M | 0.3% | New |
| MS MORGAN STANLEY | Financials | 50.7K | $8.4M | 0.3% | +2.5% |
| HWM HOWMET AEROSPACE INC | Industrials | 35.5K | $8.2M | 0.3% | 0.0% |
| MPC MARATHON PETROLEUM CORP | Energy | 33.3K | $8.1M | 0.3% | 0.0% |
| AMD ADVANCED MICRO DEVICES | Technology | 39.8K | $8.1M | 0.3% | +0.3% |
| PANW PALO ALTO NETWORKS INC | Technology | 49.3K | $7.9M | 0.3% | -4.9% |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 43.3K | $7.9M | 0.3% | +12.0% |
| AEP AMERICAN ELECTRIC POWER | Utilities | 60.1K | $7.9M | 0.3% | -29.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 630 | $2.93B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 9, 2026 | 628 | $3.00B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 6, 2025 | 637 | $2.92B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 1, 2025 | 613 | $2.67B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 8, 2025 | 604 | $2.48B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 10, 2025 | 624 | $2.66B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 5, 2024 | 615 | $2.59B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 2, 2024 | 617 | $2.43B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 26, 2024 | 616 | $2.46B | 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