Q2 2026 13F · SEC CIK 1941030

First National Advisers, LLC

Institutional asset managerFiled 2026-07-21 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $711.8M
Reported positions: 251
Top holdings a year, 3 yrs: +20.6%
Assets under management: $7.4B

First National Advisers, LLC is an institutional asset manager that reported 251 positions worth $711.8M in its Q2 2026 13F, filed 2026-07-21. Its largest holdings were Dimensional ETF Trust (DFAI, 8.4%), Apple Inc (AAPL, 5.3%), Nvidia Corporation (NVDA, 5.0%). A portfolio copying its top holdings returned 20.6% a year over the last 3 years, against 20.4% for the S&P 500.

First National Advisers, LLC holdings largest 50 of 251 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

First National Advisers, LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
DFAIDimensional ETF Trust	8.4%	8.3%	1,441,680	-1.3%	$59.5M
AAPLApple Inc	5.3%	5.7%	131,469	-13.8%	$38.0M
NVDANvidia Corporation	5.0%	4.7%	178,445	-3.9%	$35.7M
GOOGAlphabet Inc	3.5%	3.1%	70,861	-5.6%	$25.0M
MSFTMicrosoft Corp	3.2%	3.9%	60,186	-16.7%	$22.5M
AMZNAmazon Com Inc	3.0%	2.8%	90,504	-0.7%	$21.6M
AVGOBroadcom Inc	2.2%	2.1%	41,212	-11.0%	$15.6M
JPMJpmorgan Chase & Co	2.0%	2.1%	44,312	-7.0%	$14.5M
CMDTPimco ETF Tr	2.0%	2.4%	461,835	-8.7%	$14.2M
RLYSsga Active ETF Tr	1.9%	2.2%	391,401	-7.2%	$13.5M
METAMeta Platforms Inc	1.7%	1.9%	21,564	-3.7%	$12.1M
JEPIJ P Morgan Exchange Traded F	1.6%	1.8%	198,912	-6.0%	$11.2M
BRK-ABerkshire Hathaway Inc Del	1.6%	1.7%	15	-6.3%	$11.2M
LLYEli Lilly & Co	1.6%	1.3%	9,217	-3.8%	$11.1M
GOOGLAlphabet Inc	1.4%	1.3%	27,550	-7.4%	$9.8M
MUMicron Technology Inc	1.3%	—	8,140	—	$9.4M
BRK-BBerkshire Hathaway Inc Del	1.3%	1.1%	18,733	+21.8%	$9.4M
AMDAdvanced Micro Devices Inc	1.2%	—	15,149	—	$8.8M
RTXRtx Corporation	0.9%	1.0%	34,676	-5.1%	$6.6M
NEENextera Energy Inc	0.9%	1.0%	70,500	-6.5%	$6.2M
TSLATesla Inc	0.8%	0.8%	14,257	-4.1%	$6.0M
MAMastercard Incorporated	0.8%	0.9%	11,507	-5.1%	$5.9M
COSTCostco Wholesale Corporation	0.8%	0.9%	6,251	-3.3%	$5.8M
ABBVAbbvie Inc	0.8%	0.7%	23,174	+11.3%	$5.8M
AMATApplied Matls Inc	0.8%	—	7,949	—	$5.7M
AMGNAmgen Inc	0.8%	0.9%	15,261	-7.7%	$5.5M
WMTWalmart Inc	0.8%	0.9%	48,394	-4.4%	$5.5M
XOMExxon Mobil Corp	0.7%	1.1%	38,448	-11.6%	$5.3M
GLWCorning Inc	0.7%	0.6%	19,506	-32.4%	$5.0M
CSXCsx Corp	0.7%	0.6%	99,683	-5.9%	$4.7M
PPIInvestment Managers Ser Tr I	0.7%	0.7%	219,280	-7.2%	$4.7M
MSMorgan Stanley	0.6%	0.6%	21,543	-5.7%	$4.5M
SOSouthern Co	0.6%	0.6%	46,945	+10.4%	$4.5M
ANETArista Networks Inc	0.6%	—	25,781	—	$4.4M
LFUSLittelfuse Inc	0.6%	0.6%	9,576	-16.6%	$4.4M
MTZMasTec Inc	0.6%	0.6%	10,390	-24.4%	$4.3M
VOOVanguard Index Fds	0.6%	0.5%	6,233	+1.5%	$4.3M
WFCWells Fargo & Co	0.6%	0.6%	51,409	-6.2%	$4.2M
AMEAmetek Inc	0.6%	0.6%	17,351	-6.4%	$4.2M
APHAmphenol Corp	0.6%	0.5%	23,725	-19.6%	$4.2M
PEPPepsico Inc	0.6%	0.7%	30,808	-1.9%	$4.2M
SCHWCharles Schwab Corp (the)	0.6%	0.7%	45,087	-4.6%	$4.2M
VTIVanguard Index Fds	0.6%	0.5%	11,073	-1.0%	$4.1M
TMOThermo Fisher Scientific Inc	0.5%	—	7,735	—	$3.9M
KOCoca Cola Co	0.5%	0.6%	47,667	-7.7%	$3.9M
ETNEaton Corp PLC	0.5%	—	9,051	—	$3.9M
LINLinde PLC	0.5%	0.5%	7,171	-5.1%	$3.7M
HDHome Depot Inc	0.5%	0.5%	10,521	-4.9%	$3.7M
NVTNvent Elec PLC	0.5%	—	21,698	—	$3.7M
ORCLOracle Corp	0.5%	—	24,668	—	$3.6M

What First National Advisers, LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

BRK-B Berkshire Hathaway Inc Del+21.8% shares
ABBV Abbvie Inc+11.3% shares
SO Southern Co+10.4% shares

Reduced

GLW Corning Inc-32.4% shares
MTZ MasTec Inc-24.4% shares
APH Amphenol Corp-19.6% shares
MSFT Microsoft Corp-16.7% shares
LFUS Littelfuse Inc-16.6% shares
AAPL Apple Inc-13.8% shares
XOM Exxon Mobil Corp-11.6% shares
AVGO Broadcom Inc-11.0% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +15.1% /yr; S&P 500 +20.1%
3 years: +20.6% /yr; S&P 500 +20.4%
5 years: +16.1% /yr; S&P 500 +15.9%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$711.8M	251
Q1 2026	$683.5M	239
Q4 2025	$727.3M	235
Q3 2025	$736.9M	228
Q2 2025	$683.0M	221
Q1 2025	$624.7M	212
Q4 2024	$618.5M	175
Q3 2024	$627.1M	215
Q2 2024	$547.2M	208
Q1 2024	$446.9M	203
Q4 2023	$347.4M	154
Q3 2023	$224.0M	151

Questions about First National Advisers, LLC's portfolio

What stocks does First National Advisers, LLC own?

First National Advisers, LLC's latest 13F, for Q2 2026 and filed Jul 21, 2026, lists 251 positions worth $711.8M. The largest are Dimensional ETF Trust (DFAI) at 8.4%, Apple Inc (AAPL) at 5.3%, Nvidia Corporation (NVDA) at 5.0%, Alphabet Inc (GOOG) at 3.5% and Microsoft Corp (MSFT) at 3.2%.

What did First National Advisers, LLC buy last quarter?

In Q2 2026, First National Advisers, LLC added Berkshire Hathaway Inc Del (BRK-B) (+21.8% shares), Abbvie Inc (ABBV) (+11.3% shares) and Southern Co (SO) (+10.4% shares), compared with its Q1 2026 filing.

What did First National Advisers, LLC sell last quarter?

In Q2 2026, First National Advisers, LLC cut from its top 50 Abbott Laboratories (ABT), cut from its top 50 Eog Res Inc (EOG), cut from its top 50 Chevron Corporation (CVX), cut from its top 50 Chubb Limited (CB), cut from its top 50 Waste Mgmt Inc Del (WM), Corning Inc (GLW) (-32.4% shares), MasTec Inc (MTZ) (-24.4% shares) and Amphenol Corp (APH) (-19.6% shares), compared with its Q1 2026 filing.

How has First National Advisers, LLC's portfolio performed?

A portfolio copying First National Advisers, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +20.6% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +15.1% against +20.1%. Over 5 years: +16.1% a year against +15.9%.

When is First National Advisers, LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. First National Advisers, LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does First National Advisers, LLC manage?

First National Advisers, LLC reported $7.4B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $711.8M.