TRUIST FINANCIAL CORP

Diversified mechanical Mechanical CIK 92230
League rank
#166
in Diversified mechanical · #3482 overall
Long book
$74.06B
Q1 2026
Positions
2739
Top-10 weight
25%
concentration
Last quarter
+11.9%
SPY +14.8%
Turnover
12%
of book per quarter

Strategy in plain words

auto-generated from filings

TRUIST FINANCIAL CORP is a mechanically diversified allocator, running a $74.06B US long book across 2739 positions.

The portfolio is broadly diversified across 2739 positions (top 10 only 25%). Turnover is modest: positions are typically held for years. Current anchor positions: ISHARES CORE S&P 500 ETF, SS SPDR S&P 500 ETF TRUST-US, NVIDIA CORP, APPLE INC, ISHARES CORE MSCI EAFE ETF.

Over the last 9 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 3 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
+1.8%
Q2 2024
+6.4%
Q3 2024
+0.5%
Q4 2024
-2.0%
Q1 2025
+8.5%
Q2 2025
+6.8%
Q3 2025
+2.4%
Q4 2025
-1.8%
Q1 2026
+11.9%

Sector allocation

Technology
33%
Financials
13%
Industrials
12%
Consumer discretionary
9%
Healthcare
9%
Consumer staples
7%
Utilities
5%
Services media
4%

Long book by quarter

$65.94B
Q1 2024
$65.60B
Q2 2024
$63.57B
Q3 2024
$63.74B
Q4 2024
$62.34B
Q1 2025
$68.16B
Q2 2025
$73.79B
Q3 2025
$74.85B
Q4 2025
$74.06B
Q1 2026

What does TRUIST FINANCIAL own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NVDA NVIDIA CORPTechnology10.1M$1.76B2.4%+0.6%
AAPL APPLE INCTechnology6.9M$1.74B2.4%+0.3%
MSFT MICROSOFT CORPTechnology4.3M$1.58B2.1%-0.2%
KO COCA-COLA CO/THEConsumer staples14.9M$1.13B1.5%-0.9%
GOOG ALPHABET INC-CL CTechnology3.8M$1.08B1.5%+3.7%
JPM JPMORGAN CHASE & COFinancials3.1M$914.4M1.2%+3.4%
AMZN AMAZON.COM INCConsumer discretionary4.3M$886.6M1.2%-3.2%
AVGO BROADCOM INCTechnology2.8M$881.4M1.2%-4.0%
GOOGL ALPHABET INC-CL ATechnology2.5M$731.4M1.0%-2.2%
META META PLATFORMS INC-CLASS ATechnology921.3K$527.1M0.7%-7.8%
ABBV ABBVIE INCHealthcare2.4M$523.0M0.7%+0.1%
JNJ JOHNSON & JOHNSONHealthcare2.0M$499.7M0.7%+0.7%
V VISA INC-CLASS A SHARESServices media1.6M$473.6M0.6%+0.4%
WMT WALMART INCConsumer discretionary3.8M$470.5M0.6%-1.6%
RTX RTX CORPIndustrials2.3M$452.5M0.6%+1.3%
CCEP COCA-COLA EUROPACIFIC PARTNEConsumer staples4.7M$430.3M0.6%-0.2%
PM PHILIP MORRIS INTERNATIONALConsumer staples2.5M$417.1M0.6%+1.9%
ADI ANALOG DEVICES INCTechnology1.3M$410.4M0.6%+42.5%
CSCO CISCO SYSTEMS INCTechnology4.9M$379.9M0.5%+13.6%
LRCX LAM RESEARCH CORPIndustrials1.7M$365.9M0.5%-4.4%
XOM EXXON MOBIL CORPEnergy2.0M$344.2M0.5%-6.1%
LLY ELI LILLY & COHealthcare369.5K$339.9M0.5%+0.8%
HD HOME DEPOT INCConsumer discretionary1.0M$335.5M0.5%-3.1%
KLAC KLA CORPOther224.2K$330.1M0.4%-2.3%
TSLA TESLA INCIndustrials808.9K$300.7M0.4%+3.9%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials606.9K$290.8M0.4%-5.5%
COST COSTCO WHOLESALE CORPConsumer discretionary289.1K$288.0M0.4%-0.4%
CVX CHEVRON CORPEnergy1.4M$280.6M0.4%-0.9%
BNY BANK OF NEW YORK MELLON CORPFinancials2.4M$279.0M0.4%+3.7%
PWR QUANTA SERVICES INCIndustrials492.4K$270.3M0.4%+1.5%
PNC PNC FINANCIAL SERVICES GROUPFinancials1.3M$267.8M0.4%+3.6%
MRK MERCK & CO. INC.Healthcare2.2M$267.2M0.4%+8.4%
ETR ENTERGY CORPUtilities2.4M$267.0M0.4%-2.6%
UNP UNION PACIFIC CORPIndustrials1.1M$263.8M0.4%+7.0%
TRGP TARGA RESOURCES CORPUtilities1.0M$262.7M0.4%+5.6%
ORCL ORACLE CORPTechnology1.8M$262.4M0.4%-1.1%
ETN EATON CORP PLCIndustrials691.0K$247.1M0.3%+17.3%
MDT MEDTRONIC PLCHealthcare2.8M$239.7M0.3%+10.3%
BLK BLACKROCK INCFinancials245.2K$235.8M0.3%+1.4%
WFC WELLS FARGO & COFinancials2.7M$211.6M0.3%+3.8%
TFC TRUIST FINANCIAL CORPFinancials4.4M$204.1M0.3%-2.9%
LMT LOCKHEED MARTIN CORPIndustrials310.5K$187.6M0.3%+0.8%
MO ALTRIA GROUP INCConsumer staples2.8M$182.4M0.2%+4.5%
NFLX NETFLIX INCServices media1.8M$175.9M0.2%+0.5%
T AT&T INCCommunications6.0M$172.6M0.2%+4.6%
PG PROCTER & GAMBLE CO/THEOther1.2M$171.9M0.2%+0.5%
TT TRANE TECHNOLOGIES PLCTechnology394.9K$164.6M0.2%+0.6%
EMR EMERSON ELECTRIC COIndustrials1.2M$159.3M0.2%+2.6%
PEP PEPSICO INCConsumer staples1.0M$158.8M0.2%-0.9%
PH PARKER HANNIFIN CORPIndustrials177.3K$158.8M0.2%+1.4%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 27, 20265223$74.18B canonicalSEC ↗
Q4 202513F-HRFeb 2, 20265167$75.00B canonicalSEC ↗
Q3 202513F-HRNov 3, 20255089$73.97B canonicalSEC ↗
Q2 202513F-HRJul 18, 20254895$68.34B canonicalSEC ↗
Q1 202513F-HRApr 29, 20254983$62.52B canonicalSEC ↗
Q4 202413F-HRJan 31, 20254879$63.91B canonicalSEC ↗
Q3 202413F-HRNov 13, 20244872$63.81B canonicalSEC ↗
Q2 202413F-HRAug 21, 20245940$65.75B canonicalSEC ↗
Q1 202413F-HRMay 13, 20245933$66.03B canonicalSEC ↗