ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/
Long book
$1.55B
Q1 2026
Positions
1529
Top-10 weight
54%
concentration
Last quarter
+11.6%
SPY +14.8%
Turnover
28%
of book per quarter
Strategy in plain words
auto-generated from filingsZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ is a wealth-management firm allocating client money, running a $1.55B US long book across 1529 positions.
The portfolio is concentrated: the top 10 names carry 54% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ISHARES CORE S&P 500 ETF, ISHARES RUSSELL MID-CAP VALU, VANGUARD TOTAL STOCK MKT ETF, ISHARES CORE U.S. AGGREGATE, ISHARES RUSSELL MID-CAP GROW.
Over the last 5 quarters its long book ran on average 1.4pp per quarter behind the S&P 500, beating the index in 1 of 5 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 2025
+7.6%
Q2 2025
+5.9%
Q3 2025
+1.8%
Q4 2025
-1.7%
Q1 2026
+11.6%
Sector allocation
Technology 30%
Financials 11%
Healthcare 10%
Industrials 9%
Consumer discretionary 9%
Services media 7%
Utilities 7%
Energy 7%
Long book by quarter
What does ZIONS BANCORPORATION, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 259.0K | $45.2M | 2.9% | -33.0% |
| AAPL APPLE INC | Technology | 109.4K | $27.8M | 1.8% | -41.7% |
| AMZN AMAZON.COM INC | Consumer discretionary | 98.2K | $20.5M | 1.3% | -46.4% |
| MSFT MICROSOFT CORP | Technology | 51.8K | $19.2M | 1.2% | -51.5% |
| META META PLATFORMS INC-CLASS A | Technology | 31.4K | $18.0M | 1.2% | -29.3% |
| TTE TOTALENERGIES SE | Energy | 133.0K | $12.1M | 0.8% | -0.1% |
| CVX CHEVRON CORP | Energy | 55.5K | $11.5M | 0.7% | -0.5% |
| GOOGL ALPHABET INC-CL A | Technology | 38.1K | $11.0M | 0.7% | -45.1% |
| NFLX NETFLIX INC | Services media | 104.4K | $10.0M | 0.6% | -31.6% |
| AVGO BROADCOM INC | Technology | 32.1K | $9.9M | 0.6% | -41.0% |
| ENB ENBRIDGE INC | Energy | 169.6K | $9.2M | 0.6% | -0.9% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 175.9K | $8.8M | 0.6% | +12.1% |
| V VISA INC-CLASS A SHARES | Services media | 27.8K | $8.4M | 0.5% | -43.0% |
| PFE PFIZER INC | Healthcare | 298.0K | $8.4M | 0.5% | -12.2% |
| FE FIRSTENERGY CORP | Utilities | 163.7K | $8.3M | 0.5% | +28.2% |
| USB US BANCORP | Financials | 155.8K | $8.1M | 0.5% | -9.9% |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 38.6K | $8.0M | 0.5% | -10.4% |
| CME CME GROUP INC | Financials | 26.7K | $7.9M | 0.5% | +34.6% |
| ABBV ABBVIE INC | Healthcare | 35.0K | $7.6M | 0.5% | -20.8% |
| PAYX PAYCHEX INC | Services media | 82.3K | $7.6M | 0.5% | +141.8% |
| GOOG ALPHABET INC-CL C | Technology | 24.6K | $7.1M | 0.5% | -31.9% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 5.3K | $7.0M | 0.4% | -55.6% |
| PEP PEPSICO INC | Consumer staples | 44.2K | $6.9M | 0.4% | -12.2% |
| XOM EXXON MOBIL CORP | Energy | 38.7K | $6.6M | 0.4% | -58.0% |
| TFC TRUIST FINANCIAL CORP | Financials | 138.4K | $6.4M | 0.4% | -11.0% |
| WEC WEC ENERGY GROUP INC | Utilities | 51.6K | $6.0M | 0.4% | +70.7% |
| TRP TC ENERGY CORP | Utilities | 94.9K | $5.9M | 0.4% | -1.2% |
| DUK DUKE ENERGY CORP | Utilities | 42.9K | $5.6M | 0.4% | -14.7% |
| TSLA TESLA INC | Industrials | 14.7K | $5.5M | 0.4% | -55.9% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 32.3K | $5.3M | 0.3% | -25.5% |
| AMGN AMGEN INC | Healthcare | 14.1K | $5.0M | 0.3% | -37.5% |
| MRK MERCK & CO. INC. | Healthcare | 40.0K | $4.8M | 0.3% | +33.9% |
| ETN EATON CORP PLC | Industrials | 13.0K | $4.7M | 0.3% | -40.0% |
| XEL XCEL ENERGY INC | Utilities | 56.4K | $4.5M | 0.3% | -38.1% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 9.5K | $4.4M | 0.3% | -46.4% |
| RTX RTX CORP | Industrials | 22.4K | $4.3M | 0.3% | -43.3% |
| MDLZ MONDELEZ INTERNATIONAL INC-A | Consumer staples | 70.5K | $4.1M | 0.3% | +333.3% |
| ORCL ORACLE CORP | Technology | 27.0K | $4.0M | 0.3% | -40.9% |
| GWW WW GRAINGER INC | Consumer discretionary | 3.6K | $3.9M | 0.3% | -44.8% |
| PANW PALO ALTO NETWORKS INC | Technology | 24.1K | $3.9M | 0.2% | -41.6% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 7.7K | $3.8M | 0.2% | -41.0% |
| JPM JPMORGAN CHASE & CO | Financials | 12.2K | $3.6M | 0.2% | -36.9% |
| LIN LINDE PLC | Materials | 7.2K | $3.5M | 0.2% | -38.4% |
| PPL PPL CORP | Utilities | 92.5K | $3.5M | 0.2% | -13.8% |
| FTI TECHNIPFMC PLC | Industrials | 50.4K | $3.5M | 0.2% | -55.2% |
| KMB KIMBERLY-CLARK CORP | Other | 35.4K | $3.4M | 0.2% | +16.6% |
| KO COCA-COLA CO/THE | Consumer staples | 42.9K | $3.3M | 0.2% | -12.5% |
| VRTX VERTEX PHARMACEUTICALS INC | Healthcare | 7.3K | $3.3M | 0.2% | -46.9% |
| MDT MEDTRONIC PLC | Healthcare | 37.5K | $3.2M | 0.2% | +191.6% |
| LLY ELI LILLY & CO | Healthcare | 3.3K | $3.0M | 0.2% | -45.6% |