United Bank
Long book
$300.6M
Q1 2026
Positions
124
Top-10 weight
36%
concentration
Last quarter
+10.9%
SPY +14.8%
Turnover
9%
of book per quarter
Strategy in plain words
auto-generated from filingsUnited Bank is an institutional manager, running a $300.6M US long book across 124 positions.
The portfolio is moderately concentrated (top 10 ≈ 36% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ALPHABET INC-CL A, APPLE INC, FLEXSHARES STOXX GLOBAL BROA, FLEXSHARES GLOBAL UPSTREAM N, NVIDIA CORP.
Over the last 9 quarters its long book ran on average 0.8pp per quarter behind the S&P 500, beating the index in 3 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
+3.1%
Q2 2024
+6.1%
Q3 2024
-0.1%
Q4 2024
-1.7%
Q1 2025
+8.0%
Q2 2025
+6.3%
Q3 2025
+2.2%
Q4 2025
-1.7%
Q1 2026
+10.9%
Sector allocation
Technology 35%
Consumer discretionary 14%
Financials 12%
Industrials 10%
Healthcare 9%
Services media 5%
Consumer staples 4%
Utilities 4%
Long book by quarter
What does United Bank own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GOOGL ALPHABET INC-CL A | Technology | 44.9K | $12.9M | 4.3% | 0.0% |
| AAPL APPLE INC | Technology | 48.3K | $12.3M | 4.1% | +4.5% |
| NVDA NVIDIA CORP | Technology | 66.0K | $11.5M | 3.8% | +5.6% |
| MSFT MICROSOFT CORP | Technology | 25.2K | $9.3M | 3.1% | +15.6% |
| AMZN AMAZON.COM INC | Consumer discretionary | 44.5K | $9.3M | 3.1% | +6.2% |
| JPM JPMORGAN CHASE & CO | Financials | 28.6K | $8.4M | 2.8% | +1.2% |
| KO COCA-COLA CO/THE | Consumer staples | 91.2K | $6.9M | 2.3% | -1.3% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 6.0K | $6.0M | 2.0% | +6.2% |
| SO SOUTHERN CO/THE | Utilities | 55.3K | $5.3M | 1.8% | 0.0% |
| META META PLATFORMS INC-CLASS A | Technology | 8.2K | $4.7M | 1.6% | +15.6% |
| MA MASTERCARD INC - A | Services media | 8.3K | $4.2M | 1.4% | +7.0% |
| XOM EXXON MOBIL CORP | Energy | 23.4K | $4.0M | 1.3% | -1.5% |
| AMD ADVANCED MICRO DEVICES | Technology | 17.7K | $3.6M | 1.2% | +21.0% |
| CAT CATERPILLAR INC | Industrials | 4.9K | $3.5M | 1.2% | +5.7% |
| ABT ABBOTT LABORATORIES | Healthcare | 33.2K | $3.4M | 1.1% | +4.4% |
| JNJ JOHNSON & JOHNSON | Healthcare | 12.5K | $3.0M | 1.0% | -2.6% |
| TJX TJX COMPANIES INC | Consumer discretionary | 18.6K | $3.0M | 1.0% | +7.6% |
| LOW LOWE'S COS INC | Consumer discretionary | 11.9K | $2.8M | 0.9% | -2.8% |
| AVGO BROADCOM INC | Technology | 9.1K | $2.8M | 0.9% | +103.5% |
| TFC TRUIST FINANCIAL CORP | Financials | 59.6K | $2.7M | 0.9% | -2.9% |
| CSCO CISCO SYSTEMS INC | Technology | 33.9K | $2.6M | 0.9% | -0.3% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 5.4K | $2.6M | 0.9% | +1.6% |
| GD GENERAL DYNAMICS CORP | Industrials | 7.6K | $2.6M | 0.9% | -1.9% |
| RTX RTX CORP | Industrials | 13.4K | $2.6M | 0.9% | +5.4% |
| MCD MCDONALD'S CORP | Consumer discretionary | 8.2K | $2.6M | 0.9% | -1.6% |
| LLY ELI LILLY & CO | Healthcare | 2.7K | $2.5M | 0.8% | -1.8% |
| COR CENCORA INC | Consumer discretionary | 7.7K | $2.4M | 0.8% | +4.5% |
| PG PROCTER & GAMBLE CO/THE | Other | 16.5K | $2.4M | 0.8% | -1.0% |
| ADI ANALOG DEVICES INC | Technology | 7.3K | $2.3M | 0.8% | -2.2% |
| CVX CHEVRON CORP | Energy | 11.2K | $2.3M | 0.8% | -2.1% |
| ORCL ORACLE CORP | Technology | 15.2K | $2.2M | 0.7% | -3.7% |
| NFLX NETFLIX INC | Services media | 22.9K | $2.2M | 0.7% | +19.2% |
| PANW PALO ALTO NETWORKS INC | Technology | 13.4K | $2.1M | 0.7% | +5.2% |
| BX BLACKSTONE INC | Financials | 18.2K | $2.1M | 0.7% | +21.9% |
| CRM SALESFORCE INC | Technology | 11.1K | $2.1M | 0.7% | -7.1% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 7.0K | $2.0M | 0.7% | -39.4% |
| C CITIGROUP INC | Financials | 16.1K | $1.8M | 0.6% | +1.5% |
| DIS WALT DISNEY CO/THE | Services media | 18.5K | $1.8M | 0.6% | +4.4% |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 11.3K | $1.8M | 0.6% | -2.3% |
| ETN EATON CORP PLC | Industrials | 4.9K | $1.7M | 0.6% | +24.0% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 28.4K | $1.7M | 0.6% | -0.8% |
| PFE PFIZER INC | Healthcare | 60.9K | $1.7M | 0.6% | +0.6% |
| MDT MEDTRONIC PLC | Healthcare | 19.4K | $1.7M | 0.6% | +132.1% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 7.4K | $1.7M | 0.6% | -30.0% |
| EMR EMERSON ELECTRIC CO | Industrials | 12.5K | $1.6M | 0.5% | +128.1% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 16.6K | $1.6M | 0.5% | +0.3% |
| NEE NEXTERA ENERGY INC | Utilities | 16.5K | $1.5M | 0.5% | -11.0% |
| FCX FREEPORT-MCMORAN INC | Materials | 25.9K | $1.5M | 0.5% | +103.5% |
| ZBH ZIMMER BIOMET HOLDINGS INC | Healthcare | 14.9K | $1.3M | 0.4% | +6.4% |
| YUM YUM! BRANDS INC | Consumer discretionary | 8.6K | $1.3M | 0.4% | +122.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 1, 2026 | 124 | $300.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 5, 2026 | 124 | $294.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 119 | $287.8M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 29, 2025 | 116 | $261.3M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 6, 2025 | 113 | $242.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 108 | $236.7M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 1, 2024 | 103 | $216.8M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 23, 2024 | 94 | $200.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 95 | $196.7M | canonical | SEC ↗ |
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