First National Advisers, LLC
CIK 1941030 · View on SEC EDGAR ↗
- Portfolio value
- $677.2M
- Positions
- 251
- As of
- June 30, 2026
#3,141 of 9,443 by 13F value · top 33.3%
Portfolio value QoQ: +10.1% 13F does not disclose cash
- Top 10 holdings weight
- 36.75%
- Top 25 holdings weight
- 54.08%
- Positions above 1%
- 17
- Effective number of positions
- 45.4
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 10.73% Est. buys $82,186,589 · sells $69,346,296
Median holding: 6.0 quarters Tracked Q4 2024–Q2 2026 · 83.1% still held
- New positions
- 27
- Increased
- 68
- Decreased
- 145
- Closed
- 15
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Technology
20.8%
Industrials
10.7%
Health Care
7.4%
Communication Services
7.3%
Retail
7.1%
Financials
5.2%
Financial Services
4.9%
Energy
2.9%
Consumer Discretionary
2.5%
Utilities
2.4%
Consumer Staples
1.8%
Real Estate
1.5%
Materials
1.4%
Communications
1.0%
Consumer products
1.0%
Telecommunication
0.6%
Logistics & Transportation
0.1%
Packaging
0.0%
Other/Unmapped
21.7%
Full portfolio 251 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| DFAI | $59,469,235 | 8.78% | 1,441,680 | $2,570,089 | Down ×1 | ||
| AAPL Apple Inc. - Common Stock | $37,523,344 | 5.54% | 129,677 | $-693,007 | Down ×1 | ||
| NVDA NVIDIA Corporation - Common Stock | $35,704,825 | 5.27% | 178,445 | $3,306,971 | Down ×4 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $25,037,892 | 3.70% | 70,861 | $3,510,213 | Down ×6 | ||
| AMZN Amazon.com, Inc. - Common Stock | $21,571,030 | 3.19% | 90,504 | $2,584,009 | Down ×3 | ||
| AVGO Broadcom Inc. - Common Stock | $15,568,213 | 2.30% | 41,212 | $1,231,779 | Down ×2 | ||
| JPM JP Morgan Chase & Co. Common Stock | $14,178,298 | 2.09% | 43,317 | $455,264 | Down ×2 | ||
| CMDT | $14,164,000 | 2.09% | 461,835 | $-2,162,000 | Down ×1 | ||
| RLY | $13,507,000 | 1.99% | 391,401 | $-1,737,000 | Down ×1 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $12,146,568 | 1.79% | 21,564 | $-669,968 | Down ×3 | ||
| JEPI | $11,235,000 | 1.66% | 198,912 | $-763,000 | Down ×3 | ||
| BRKA | $11,232,750 | 1.66% | 15 | $-257,490 | Down ×1 | ||
| LLY Eli Lilly and Company Common Stock | $11,054,662 | 1.63% | 9,217 | $2,241,906 | Down ×2 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $9,399,839 | 1.39% | 26,303 | $9,037,801 | Up ×1 | ||
| MU Micron Technology, Inc. - Common Stock | $9,395,948 | 1.39% | 8,140 | $9,125,338 | Up ×1 | ||
| BRKB | $8,833,601 | 1.30% | 17,653 | $8,316,065 | Up ×1 | ||
| AMD Advanced Micro Devices, Inc. - Common Stock | $8,799,745 | 1.30% | 15,149 | $7,782,392 | Up ×3 | ||
| RTX RTX Corporation Common Stock | $6,361,946 | 0.94% | 33,530 | $6,136,253 | Up ×1 | ||
| NEE NextEra Energy, Inc. Common Stock | $6,187,407 | 0.91% | 70,500 | $-812,548 | Down ×3 | ||
| TSLA Tesla, Inc. - Common Stock | $5,996,093 | 0.89% | 14,257 | $468,146 | Down ×2 | ||
| MA Mastercard Incorporated Common Stock | $5,909,650 | 0.87% | 11,507 | $-149,531 | Down ×3 | ||
| COST Costco Wholesale Corporation - Common Stock | $5,847,927 | 0.86% | 6,251 | $-595,002 | Down ×3 | ||
| ABBV AbbVie Inc. Common Stock | $5,831,325 | 0.86% | 23,174 | $1,302,886 | Up ×1 | ||
| AMAT Applied Materials, Inc. - Common Stock | $5,747,130 | 0.85% | 7,949 | $5,351,337 | Up ×3 | ||
| AMGN Amgen Inc. - Common Stock | $5,526,236 | 0.82% | 15,261 | $-292,257 | Down ×3 | ||
| WMT Walmart Inc. - Common Stock | $5,481,174 | 0.81% | 48,394 | $-809,923 | Down ×4 | ||
| XOM Exxon Mobil Corporation Common Stock | $5,256,734 | 0.78% | 38,448 | $-2,122,282 | Down ×3 | ||
| GLW Corning Incorporated Common Stock | $4,982,261 | 0.74% | 19,506 | $1,061,374 | Down ×3 | ||
| CSX CSX Corporation - Common Stock | $4,737,513 | 0.70% | 99,683 | $387,393 | Down ×2 | ||
| PPI Astoria Real Assets ETF | $4,668,000 | 0.69% | 219,280 | $-248,000 | Down ×1 | ||
| MS Morgan Stanley Common Stock | $4,503,499 | 0.67% | 21,543 | $744,834 | Down ×3 | ||
| SO Southern Company (The) Common Stock | $4,493,571 | 0.66% | 46,945 | $388,794 | Up ×2 | ||
| ANET Arista Networks, Inc. Common Stock | $4,379,620 | 0.65% | 25,781 | $1,033,173 | Down ×2 | ||
| MTZ MasTec, Inc. Common Stock | $4,322,429 | 0.64% | 10,390 | $-99,580 | Down ×3 | ||
| VOO | $4,280,887 | 0.63% | 6,233 | $613,125 | Up ×3 | ||
| WFC Wells Fargo & Company Common Stock | $4,247,985 | 0.63% | 51,409 | $-115,432 | Down ×3 | ||
| AME AMETEK, Inc. | $4,197,481 | 0.62% | 17,351 | $221,760 | Down ×3 | ||
| APH Amphenol Corporation Common Stock | $4,183,085 | 0.62% | 23,725 | $455,832 | Down ×5 | ||
| PEP PepsiCo, Inc. - Common Stock | $4,171,784 | 0.62% | 30,808 | $-703,974 | Down ×4 | ||
| SCHW Charles Schwab Corporation (The) Common Stock | $4,159,995 | 0.61% | 45,087 | $-280,014 | Down ×2 | ||
| VTI | $4,097,453 | 0.61% | 11,073 | $507,910 | Down ×2 | ||
| TMO Thermo Fisher Scientific Inc Common Stock | $3,877,759 | 0.57% | 7,735 | $742,381 | Up ×1 | ||
| KO Coca-Cola Company (The) Common Stock | $3,874,331 | 0.57% | 47,667 | $-51,611 | Down ×4 | ||
| ETN Eaton Corporation, PLC Ordinary Shares | $3,856,583 | 0.57% | 9,051 | $507,927 | Down ×4 | ||
| LIN Linde plc - Ordinary Shares | $3,721,121 | 0.55% | 7,171 | $-26,121 | Down ×2 | ||
| HD Home Depot, Inc. (The) Common Stock | $3,710,999 | 0.55% | 10,521 | $71,905 | Down ×3 | ||
| NVT nVent Electric plc Ordinary Shares | $3,680,554 | 0.54% | 21,698 | $948,041 | Down ×1 | ||
| ORCL Oracle Corporation Common Stock | $3,615,019 | 0.53% | 24,668 | $231,058 | Up ×1 | ||
| WM Waste Management, Inc. Common Stock | $3,552,095 | 0.52% | 15,935 | $-395,193 | Down ×3 | ||
| BLK BlackRock, Inc. Common Stock | $3,541,997 | 0.52% | 3,684 | $-136,035 | Down ×4 | ||
| CB Chubb Limited Common Stock | $3,428,113 | 0.51% | 10,061 | $-635,186 | Down ×3 | ||
| EW Edwards Lifesciences Corporation Common Stock | $3,424,726 | 0.51% | 37,854 | $541,150 | Up ×1 | ||
| BK The Bank of New York Mellon Corporation Common Stock | $3,302,254 | 0.49% | 22,834 | $-6,749 | Down ×2 | ||
| LIVN LivaNova PLC - Ordinary Shares | $3,265,139 | 0.48% | 39,711 | Up ×1 | |||
| ORLY O'Reilly Automotive, Inc. - Common Stock | $3,223,976 | 0.48% | 35,004 | $-226,479 | Down ×4 | ||
| EOG EOG Resources, Inc. Common Stock | $3,176,017 | 0.47% | 24,485 | $-1,548,647 | Down ×4 | ||
| MCHP Microchip Technology Incorporated - Common Stock | $3,164,102 | 0.47% | 34,693 | $158,806 | Down ×3 | ||
| CVX Chevron Corporation Common Stock | $3,125,405 | 0.46% | 18,855 | $-1,147,834 | Down ×4 | ||
| LFUS Littelfuse, Inc. - Common Stock | $3,043,233 | 0.45% | 6,683 | $273,787 | Down ×2 | ||
| VEA | $2,969,130 | 0.44% | 41,672 | $375,556 | Up ×2 | ||
| MWA MUELLER WATER PRODUCTS Common Stock | $2,938,040 | 0.43% | 113,761 | $-350,201 | Down ×2 | ||
| PWR Quanta Services, Inc. Common Stock | $2,924,082 | 0.43% | 4,061 | $85,100 | Down ×3 | ||
| TXN Texas Instruments Incorporated - Common Stock | $2,917,504 | 0.43% | 9,788 | $982,316 | Down ×4 | ||
| MPWR Monolithic Power Systems, Inc. - Common Stock | $2,879,865 | 0.43% | 2,083 | $-67,116 | Down ×2 | ||
| CHD Church & Dwight Company, Inc. Common Stock | $2,804,396 | 0.41% | 28,951 | $590,312 | Up ×1 | ||
| AVT Avnet, Inc. - Common Stock | $2,791,897 | 0.41% | 31,429 | Up ×1 | |||
| UTHR United Therapeutics Corporation - Common Stock | $2,676,177 | 0.40% | 4,940 | $-480,248 | Down ×3 | ||
| CTAS Cintas Corporation - Common Stock | $2,658,447 | 0.39% | 15,633 | $-160,785 | Down ×3 | ||
| MCO Moody's Corporation Common Stock | $2,651,697 | 0.39% | 5,854 | $-85,478 | Down ×3 | ||
| CME CME Group Inc. - Class A Common Stock | $2,647,110 | 0.39% | 11,987 | $-1,129,241 | Down ×3 | ||
| FAF First American Corporation (New) Common Stock | $2,608,040 | 0.39% | 38,025 | $152,042 | Down ×3 | ||
| JNJ Johnson & Johnson Common Stock | $2,560,780 | 0.38% | 10,083 | $148,646 | Up ×1 | ||
| BKNG Booking Holdings Inc. - Common Stock | $2,556,748 | 0.38% | 14,345 | $-626,758 | Up ×1 | ||
| BCPC Balchem Corporation - Common Stock | $2,541,852 | 0.38% | 15,043 | $2,177,131 | Up ×1 | ||
| TJX TJX Companies, Inc. (The) Common Stock | $2,487,630 | 0.37% | 16,420 | $-380,742 | Down ×4 | ||
| KLIC Kulicke and Soffa Industries, Inc. - Common Stock | $2,472,398 | 0.37% | 18,483 | Up ×1 | |||
| ATO Atmos Energy Corporation Common Stock | $2,372,024 | 0.35% | 13,769 | $-364,543 | Down ×1 | ||
| SNOW Snowflake Inc. Common Stock | $2,365,901 | 0.35% | 9,295 | Up ×1 | |||
| PSX Phillips 66 Common Stock | $2,328,906 | 0.34% | 13,775 | $-341,461 | Down ×2 | ||
| TMUS T-Mobile US, Inc. - Common Stock | $2,230,515 | 0.33% | 13,296 | $271,415 | Up ×1 | ||
| TXRH Texas Roadhouse, Inc. - Common Stock | $2,188,926 | 0.32% | 11,328 | $192,500 | Down ×3 | ||
| NIC Nicolet Bankshares Inc. Common Stock | $2,185,405 | 0.32% | 13,215 | $563,254 | Up ×1 | ||
| CSCO Cisco Systems, Inc. - Common Stock | $2,143,175 | 0.32% | 18,246 | $605,574 | Down ×3 | ||
| SN SharkNinja, Inc. Ordinary Shares | $2,066,346 | 0.31% | 13,569 | $170,144 | Down ×3 | ||
| FR First Industrial Realty Trust, Inc. Common Stock | $2,062,039 | 0.30% | 33,633 | $4,372 | Down ×3 | ||
| ABT Abbott Laboratories Common Stock | $2,031,124 | 0.30% | 22,384 | $1,805,250 | Up ×1 | ||
| EPRT Essential Properties Realty Trust, Inc. Common Stock | $2,018,636 | 0.30% | 67,626 | Up ×1 | |||
| COP ConocoPhillips Common Stock | $1,994,888 | 0.29% | 19,189 | $-857,292 | Down ×3 | ||
| FANG Diamondback Energy, Inc. - Common Stock | $1,991,192 | 0.29% | 11,326 | $-577,049 | Down ×3 | ||
| V Visa Inc. | $1,943,948 | 0.29% | 5,666 | $157,105 | Down ×2 | ||
| DGX Quest Diagnostics Incorporated Common Stock | $1,926,837 | 0.28% | 9,091 | $-746,556 | Down ×2 | ||
| DG Dollar General Corporation Common Stock | $1,916,696 | 0.28% | 16,655 | $-182,781 | Down ×2 | ||
| DIS Walt Disney Company (The) Common Stock | $1,804,302 | 0.27% | 18,746 | $-82,336 | Down ×2 | ||
| KEYS Keysight Technologies Inc. Common Stock | $1,780,106 | 0.26% | 5,085 | $350,749 | Up ×1 | ||
| SUI Sun Communities, Inc. Common Stock | $1,684,136 | 0.25% | 14,045 | $-178,057 | Down ×1 | ||
| RCL Royal Caribbean Cruises Ltd. Common Stock | $1,630,778 | 0.24% | 5,135 | $-784,507 | Down ×6 | ||
| TRV The Travelers Companies, Inc. Common Stock | $1,578,634 | 0.23% | 4,782 | $50,814 | Down ×1 | ||
| PG Procter & Gamble Company (The) Common Stock | $1,547,639 | 0.23% | 10,554 | $-235,473 | Down ×4 | ||
| AS Amer Sports, Inc. Ordinary Shares | $1,515,559 | 0.22% | 44,792 | Up ×1 | |||
| NSSC NAPCO Security Technologies, Inc. - Common Stock | $1,507,687 | 0.22% | 39,698 | $-1,338,449 | Down ×3 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| LIVN | $3,265,139 | 39,711 | 0.48% |
| AVT | $2,791,897 | 31,429 | 0.41% |
| KLIC | $2,472,398 | 18,483 | 0.37% |
| SNOW | $2,365,901 | 9,295 | 0.35% |
| EPRT | $2,018,636 | 67,626 | 0.30% |
| AS | $1,515,559 | 44,792 | 0.22% |
| MDT | $795,677 | 10,171 | 0.12% |
| FLR | $728,116 | 13,898 | 0.11% |
| INTC | $541,485 | 3,878 | 0.08% |
| TFC | $485,048 | 9,736 | 0.07% |
| CP | $461,585 | 5,327 | 0.07% |
| AIR | $434,936 | 3,043 | 0.06% |
| CAT | $396,143 | 372 | 0.06% |
| HOMB | $395,560 | 13,855 | 0.06% |
| IBP | $349,587 | 1,521 | 0.05% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| GOOG | Trimmed | -4K | +$3.5M |
| NVDA | Trimmed | -7K | +$3.3M |
| AMZN | Trimmed | -662 | +$2.6M |
| DFAI | Trimmed | -19K | +$2.6M |
| LLY | Trimmed | -365 | +$2.2M |
| CMDT | Trimmed | -44K | -$2.2M |
| XOM | Trimmed | -5K | -$2.1M |
| RLY | Trimmed | -30K | -$1.7M |
| EOG | Trimmed | -8K | -$1.5M |
| NSSC | Trimmed | -33K | -$1.3M |
10 positions hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| IR | March 31, 2026 | 44,637 | $3,535,876 | 0.7% |
| TKR | Dec. 31, 2025 | 37,135 | $2,791,981 | 49.8% |
| SYF | March 31, 2026 | 32,696 | $2,727,725 | 15.5% |
| JAZZ | June 30, 2025 | 20,440 | $2,537,522 | 135.9% |
| KMT | June 30, 2026 | 68,300 | $2,467,856 | -13.7% |
| BND | March 31, 2025 | 32,843 | $2,362,000 | |
| ENTG | Sept. 30, 2025 | 28,895 | $2,330,430 | 56.7% |
| NKE | March 31, 2025 | 27,649 | $2,091,964 | -36.1% |
| GNTX | March 31, 2025 | 62,049 | $1,782,757 | 2.9% |
| UFPT | June 30, 2026 | 8,914 | $1,725,904 | 15.1% |
| EQH | June 30, 2026 | 44,335 | $1,645,682 | 12.2% |
| REET | March 31, 2026 | 64,500 | $1,609,275 | No longer tracked |
| BAX | Dec. 31, 2025 | 59,925 | $1,364,143 | 37.0% |
| FMC | June 30, 2025 | 29,352 | $1,238,564 | -73.8% |
| POOL | June 30, 2026 | 5,606 | $1,134,509 | -11.1% |
| VXUS | March 31, 2025 | 10,602 | $625,000 | |
| SSBXXXX | Sept. 30, 2025 | 6,459 | $594,422 | No longer tracked |
| O | June 30, 2025 | 10,133 | $587,815 | 9.6% |
| MUB | March 31, 2025 | 5,416 | $577,000 | No longer tracked |
| PAYC | March 31, 2026 | 3,118 | $496,884 | 85.4% |
| APD | Dec. 31, 2025 | 1,765 | $481,351 | 22.9% |
| CDW | March 31, 2026 | 3,190 | $434,478 | 9.9% |
| ADBE | June 30, 2026 | 1,768 | $429,765 | 33.1% |
| LNTH | Dec. 31, 2025 | 7,922 | $406,319 | 50.7% |
| UNH | March 31, 2026 | 1,155 | $381,277 | 43.1% |
| ESGV | March 31, 2025 | 3,610 | $378,653 | No longer tracked |
| AMBA | Dec. 31, 2025 | 4,550 | $375,466 | 3.2% |
| NKE | June 30, 2026 | 7,041 | $371,906 | -1.2% |
| FBIN | March 31, 2026 | 7,391 | $369,698 | 15.7% |
| MGK | Dec. 31, 2025 | 910 | $366,202 | No longer tracked |
| ZTS | March 31, 2026 | 2,765 | $347,892 | -35.2% |
| MDT | Dec. 31, 2025 | 3,437 | $327,340 | -4.1% |
| DUK | June 30, 2026 | 2,475 | $324,076 | -3.5% |
| BND | March 31, 2026 | 4,295 | $318,000 | |
| BLD | June 30, 2026 | 905 | $317,926 | No longer tracked |
| DGRO | March 31, 2026 | 4,555 | $316,208 | No longer tracked |
| SM | Dec. 31, 2025 | 12,604 | $314,722 | 102.1% |
| RHI | June 30, 2026 | 12,165 | $308,991 | 43.6% |
| UMBF | June 30, 2026 | 2,724 | $307,240 | 3.0% |
| STZ | June 30, 2025 | 1,586 | $291,063 | -17.4% |
| MOH | March 31, 2026 | 1,641 | $284,779 | 48.7% |
| PYPL | June 30, 2026 | 5,899 | $266,812 | 44.1% |
| IBM | March 31, 2026 | 876 | $259,480 | -3.6% |
| BRO | March 31, 2026 | 3,042 | $242,447 | 10.4% |
| VNQ | March 31, 2025 | 2,595 | $231,000 | No longer tracked |
| SPTM | Dec. 31, 2025 | 2,838 | $228,885 | No longer tracked |
| CI | Sept. 30, 2025 | 690 | $228,100 | -4.0% |
| MPC | Dec. 31, 2025 | 1,155 | $222,615 | 123.1% |
| EQT | June 30, 2026 | 3,471 | $220,894 | 1.3% |
| BDX | March 31, 2026 | 1,134 | $220,075 | 20.1% |
| OKE | Sept. 30, 2025 | 2,691 | $219,666 | 29.9% |
| FISV | March 31, 2026 | 3,246 | $218,000 | -7.6% |
| CMCSA | June 30, 2026 | 7,591 | $217,938 | 7.8% |
| SCZ | March 31, 2026 | 2,800 | $217,084 | |
| DE | March 31, 2025 | 506 | $214,392 | 32.9% |
| AMAT | March 31, 2025 | 1,310 | $213,045 | 240.5% |
| SCHG | March 31, 2026 | 6,456 | $210,595 | No longer tracked |
| BLKB | June 30, 2026 | 5,381 | $207,760 | 55.7% |
| TT | March 31, 2025 | 561 | $207,205 | 35.0% |
| CLH | March 31, 2025 | 900 | $207,126 | 61.4% |
| SMMD | March 31, 2025 | 3,043 | $206,924 | No longer tracked |
| GS | March 31, 2026 | 234 | $205,686 | 21.1% |
| LDOS | June 30, 2026 | 1,318 | $204,975 | 37.9% |
| SPTM | March 31, 2025 | 2,838 | $202,718 | No longer tracked |
| UPBD | June 30, 2025 | 8,395 | $201,144 | -25.0% |
| EQT | Sept. 30, 2025 | 3,447 | $201,029 | -1.1% |
| DNP | March 31, 2026 | 11,196 | $111,848 | 6.6% |