KEYBANK NATIONAL ASSOCIATION/OH
Long book
$27.38B
Q1 2026
Positions
1235
Top-10 weight
34%
concentration
Last quarter
+11.0%
SPY +14.8%
Turnover
15%
of book per quarter
Strategy in plain words
auto-generated from filingsKEYBANK NATIONAL ASSOCIATION/OH is a mechanically diversified allocator, running a $27.38B US long book across 1235 positions.
The portfolio is moderately concentrated (top 10 ≈ 34% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: ISHARES CORE S&P 500 ETF, APPLE INC, MICROSOFT CORP, ISHARES CORE MSCI EAFE ETF, NVIDIA CORP.
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
+2.7%
Q2 2024
+6.2%
Q3 2024
+0.8%
Q4 2024
-3.6%
Q1 2025
+9.8%
Q2 2025
+7.7%
Q3 2025
+3.1%
Q4 2025
-1.9%
Q1 2026
+11.0%
Sector allocation
Technology 36%
Industrials 12%
Consumer discretionary 11%
Financials 10%
Healthcare 9%
Materials 5%
Energy 4%
Other 3%
Long book by quarter
What does KEYBANK NATIONAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 4.8M | $1.23B | 4.5% | -0.4% |
| MSFT MICROSOFT CORP | Technology | 2.8M | $1.03B | 3.7% | -0.2% |
| NVDA NVIDIA CORP | Technology | 5.3M | $920.6M | 3.4% | -1.0% |
| GOOGL ALPHABET INC-CL A | Technology | 3.0M | $872.0M | 3.2% | -0.7% |
| AMZN AMAZON.COM INC | Consumer discretionary | 3.1M | $651.5M | 2.4% | +1.6% |
| JPM JPMORGAN CHASE & CO | Financials | 1.8M | $526.0M | 1.9% | -0.6% |
| AVGO BROADCOM INC | Technology | 1.7M | $518.1M | 1.9% | -2.3% |
| CCJ CAMECO CORP | Materials | 4.4M | $483.0M | 1.8% | -9.5% |
| PH PARKER HANNIFIN CORP | Industrials | 390.9K | $350.0M | 1.3% | -4.0% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 333.8K | $332.6M | 1.2% | -0.4% |
| JNJ JOHNSON & JOHNSON | Healthcare | 1.4M | $330.4M | 1.2% | -0.2% |
| CVX CHEVRON CORP | Energy | 1.3M | $274.3M | 1.0% | -10.1% |
| ABBV ABBVIE INC | Healthcare | 1.1M | $249.4M | 0.9% | +8.9% |
| XOM EXXON MOBIL CORP | Energy | 1.4M | $241.1M | 0.9% | 0.0% |
| MA MASTERCARD INC - A | Services media | 417.8K | $208.8M | 0.8% | -0.2% |
| PG PROCTER & GAMBLE CO/THE | Other | 1.4M | $204.3M | 0.7% | -2.9% |
| GOOG ALPHABET INC-CL C | Technology | 704.4K | $202.1M | 0.7% | -3.6% |
| BAC BANK OF AMERICA CORP | Financials | 3.8M | $186.5M | 0.7% | -2.1% |
| ORCL ORACLE CORP | Technology | 1.2M | $180.7M | 0.7% | -3.1% |
| CAT CATERPILLAR INC | Industrials | 241.6K | $171.2M | 0.6% | +1.8% |
| NEE NEXTERA ENERGY INC | Utilities | 1.8M | $165.0M | 0.6% | 0.0% |
| PEP PEPSICO INC | Consumer staples | 1.1M | $163.6M | 0.6% | +1.5% |
| WFC WELLS FARGO & CO | Financials | 1.9M | $148.3M | 0.5% | -3.0% |
| HD HOME DEPOT INC | Consumer discretionary | 423.6K | $139.3M | 0.5% | +2.7% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 279.7K | $137.5M | 0.5% | -4.3% |
| FCX FREEPORT-MCMORAN INC | Materials | 2.3M | $135.3M | 0.5% | -2.0% |
| LECO LINCOLN ELECTRIC HOLDINGS | Industrials | 537.1K | $133.8M | 0.5% | -8.4% |
| ABT ABBOTT LABORATORIES | Healthcare | 1.3M | $132.4M | 0.5% | -1.3% |
| CSCO CISCO SYSTEMS INC | Technology | 1.7M | $131.3M | 0.5% | -0.2% |
| EMR EMERSON ELECTRIC CO | Industrials | 988.6K | $129.5M | 0.5% | +0.3% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 257.5K | $123.4M | 0.5% | +7.2% |
| RTX RTX CORP | Industrials | 625.7K | $120.7M | 0.4% | -0.3% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 522.6K | $118.1M | 0.4% | -0.7% |
| MCD MCDONALD'S CORP | Consumer discretionary | 369.1K | $114.7M | 0.4% | -0.3% |
| WMT WALMART INC | Consumer discretionary | 904.1K | $112.4M | 0.4% | +0.4% |
| APH AMPHENOL CORP-CL A | Technology | 841.4K | $106.3M | 0.4% | -4.0% |
| MRK MERCK & CO. INC. | Healthcare | 853.0K | $102.6M | 0.4% | +2.8% |
| LLY ELI LILLY & CO | Healthcare | 108.5K | $99.8M | 0.4% | +0.9% |
| SHW SHERWIN-WILLIAMS CO/THE | Consumer discretionary | 301.6K | $96.7M | 0.4% | -1.4% |
| AXP AMERICAN EXPRESS CO | Financials | 317.7K | $96.1M | 0.4% | -11.6% |
| GLW CORNING INC | Industrials | 703.5K | $95.6M | 0.3% | -1.4% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 70.4K | $93.0M | 0.3% | +7.8% |
| RSG REPUBLIC SERVICES INC | Utilities | 424.7K | $93.0M | 0.3% | -2.1% |
| AMGN AMGEN INC | Healthcare | 247.1K | $86.9M | 0.3% | -0.2% |
| RIG TRANSOCEAN LTD | Energy | 12.7M | $83.9M | 0.3% | +3.3% |
| KO COCA-COLA CO/THE | Consumer staples | 1.1M | $83.7M | 0.3% | -0.1% |
| TKR TIMKEN CO | Industrials | 824.9K | $83.0M | 0.3% | -3.8% |
| ETN EATON CORP PLC | Industrials | 231.6K | $82.8M | 0.3% | -0.8% |
| META META PLATFORMS INC-CLASS A | Technology | 142.7K | $81.6M | 0.3% | +6.6% |
| NEM NEWMONT CORP | Materials | 729.1K | $78.9M | 0.3% | -27.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 24, 2026 | 1889 | $27.38B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 30, 2026 | 1816 | $27.92B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 4, 2025 | 1774 | $28.47B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 4, 2025 | 1758 | $26.88B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 28, 2025 | 1724 | $24.97B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 6, 2025 | 1732 | $26.04B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 31, 2024 | 1705 | $25.93B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 31, 2024 | 1668 | $24.44B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 1660 | $24.22B | canonical | SEC ↗ |
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