Montecito Bank & Trust
Long book
$607.3M
Q1 2026
Positions
266
Top-10 weight
29%
concentration
Last quarter
+10.6%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsMontecito Bank & Trust is a wealth-management firm allocating client money, running a $607.3M US long book across 266 positions.
The portfolio is moderately concentrated (top 10 ≈ 29% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ISHARES RUSSELL 1000 GROWTH, NVIDIA CORP, ISHARES CORE S&P 500 ETF, VANGUARD INTERMEDIATE-TERM B, MICROSOFT CORP.
Over the last 8 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 2 of 8 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
+3.5%
Q2 2024
+5.1%
Q3 2024
-0.2%
Q4 2024
-2.0%
Q1 2025
+8.8%
Q3 2025
+2.6%
Q4 2025
-1.3%
Q1 2026
+10.6%
Sector allocation
Technology 37%
Healthcare 12%
Industrials 9%
Consumer discretionary 9%
Financials 8%
Energy 7%
Other 6%
Consumer staples 5%
Long book by quarter
What does Montecito Bank own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 168.0K | $29.3M | 4.8% | -4.2% |
| MSFT MICROSOFT CORP | Technology | 41.0K | $15.2M | 2.5% | -3.9% |
| GOOGL ALPHABET INC-CL A | Technology | 42.0K | $12.1M | 2.0% | -3.9% |
| LLY ELI LILLY & CO | Healthcare | 9.0K | $8.3M | 1.4% | -2.8% |
| KO COCA-COLA CO/THE | Consumer staples | 105.4K | $8.0M | 1.3% | -1.9% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 7.9K | $7.9M | 1.3% | -5.5% |
| JPM JPMORGAN CHASE & CO | Financials | 25.7K | $7.6M | 1.2% | -1.9% |
| ABBV ABBVIE INC | Healthcare | 31.2K | $6.8M | 1.1% | -1.7% |
| CVX CHEVRON CORP | Energy | 30.9K | $6.4M | 1.1% | -0.4% |
| AVGO BROADCOM INC | Technology | 16.6K | $5.1M | 0.8% | -6.9% |
| XOM EXXON MOBIL CORP | Energy | 27.1K | $4.6M | 0.8% | +0.7% |
| GOOG ALPHABET INC-CL C | Technology | 14.6K | $4.2M | 0.7% | -6.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 16.9K | $4.1M | 0.7% | -2.7% |
| V VISA INC-CLASS A SHARES | Services media | 13.5K | $4.1M | 0.7% | +0.5% |
| PG PROCTER & GAMBLE CO/THE | Other | 26.4K | $3.8M | 0.6% | -10.2% |
| CSCO CISCO SYSTEMS INC | Technology | 38.2K | $3.0M | 0.5% | -3.1% |
| TT TRANE TECHNOLOGIES PLC | Technology | 6.8K | $2.8M | 0.5% | -6.1% |
| MRK MERCK & CO. INC. | Healthcare | 21.7K | $2.6M | 0.4% | -4.6% |
| WMT WALMART INC | Consumer discretionary | 20.9K | $2.6M | 0.4% | -2.7% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 9.9K | $2.4M | 0.4% | -1.1% |
| CAT CATERPILLAR INC | Industrials | 3.3K | $2.4M | 0.4% | -0.5% |
| GS GOLDMAN SACHS GROUP INC | Financials | 2.7K | $2.3M | 0.4% | -2.5% |
| META META PLATFORMS INC-CLASS A | Technology | 3.5K | $2.0M | 0.3% | -4.1% |
| ETN EATON CORP PLC | Industrials | 5.5K | $2.0M | 0.3% | -0.6% |
| MA MASTERCARD INC - A | Services media | 3.8K | $1.9M | 0.3% | -9.6% |
| DIS WALT DISNEY CO/THE | Services media | 19.8K | $1.9M | 0.3% | -7.5% |
| MU MICRON TECHNOLOGY INC | Technology | 5.5K | $1.9M | 0.3% | +0.3% |
| CSL CARLISLE COS INC | Other | 5.6K | $1.9M | 0.3% | Held |
| UNP UNION PACIFIC CORP | Industrials | 7.5K | $1.8M | 0.3% | -13.6% |
| MCD MCDONALD'S CORP | Consumer discretionary | 5.7K | $1.8M | 0.3% | +1.3% |
| KLAC KLA CORP | Other | 1.2K | $1.7M | 0.3% | -19.9% |
| COP CONOCOPHILLIPS | Energy | 13.2K | $1.7M | 0.3% | -2.9% |
| ECL ECOLAB INC | Other | 6.4K | $1.7M | 0.3% | -6.1% |
| GWW WW GRAINGER INC | Consumer discretionary | 1.6K | $1.7M | 0.3% | -3.3% |
| TJX TJX COMPANIES INC | Consumer discretionary | 10.7K | $1.7M | 0.3% | -10.5% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 33.4K | $1.7M | 0.3% | -2.5% |
| AMP AMERIPRISE FINANCIAL INC | Financials | 3.8K | $1.7M | 0.3% | -14.6% |
| BLK BLACKROCK INC | Financials | 1.7K | $1.6M | 0.3% | +0.3% |
| LOW LOWE'S COS INC | Consumer discretionary | 6.7K | $1.6M | 0.3% | -7.9% |
| PEP PEPSICO INC | Consumer staples | 10.0K | $1.6M | 0.3% | +1.1% |
| FDX FEDEX CORP | Industrials | 4.3K | $1.5M | 0.3% | -2.1% |
| MCK MCKESSON CORP | Consumer discretionary | 1.7K | $1.5M | 0.2% | -7.9% |
| DE DEERE & CO | Industrials | 2.6K | $1.4M | 0.2% | +3.5% |
| ITW ILLINOIS TOOL WORKS | Industrials | 5.5K | $1.4M | 0.2% | -2.5% |
| NEE NEXTERA ENERGY INC | Utilities | 15.5K | $1.4M | 0.2% | Held |
| EMR EMERSON ELECTRIC CO | Industrials | 10.9K | $1.4M | 0.2% | -0.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 16, 2026 | 444 | $607.3M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 9, 2026 | 441 | $627.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 7, 2025 | 449 | $643.9M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 17, 2025 | 434 | $565.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 21, 2025 | 424 | $577.4M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 31, 2024 | 433 | $587.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 17, 2024 | 408 | $491.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 9, 2024 | 419 | $500.0M | canonical | SEC ↗ |