FB
First Bank & Trust 13F Portfolio Snapshot & Holdings (Q2 2026)
First Bank & TrustCIK: 0001692632
Diversified strategyLong-term holderQuality / disciplined sizing
Total reported value
$680.0M
Reporting period: 2026-06-30 · Number of holdings: 416
First Bank & Trust disclosed 416 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $680.0M and a quarterly turnover rate of 0.0%.
Browse other institutions with $100M to $1B AUMBrowse other institutions starting with "F"
Personality snowflake
- Concentration
- 12.45
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 40.18
- Diversification
- 100
- Sizing Uniformity
- 72.74
First Bank & Trust's disclosed holdings carry a Herfindahl concentration index of 0.031 — mathematically equivalent to about 32 equally-sized positions, well below its 416 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.73), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 48% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim GEVO
0.0% -$3.8M
Trim XOM
-29.9% -$2.5M
Trim COST
-21.6% -$2.1M
Trim AGG
+2.5% $798.9K
Add VTI
-1.9% $9.0M
Trim TTE
-8.0% -$1.5M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 416 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 11.34% | +0.37% | -1.90% | |
| 2 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 8.14% | +0.12% | +0.01% | |
| 3 | AGG | Ishares Core U.s. Aggregate | ETF-Other | 5.34% | -0.38% | +2.55% | |
| 4 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 4.15% | +0.19% | — | |
| 5 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 3.78% | +0.03% | +0.02% | |
| 6 | AAPL | Apple Inc | Stock-Tech | 2.68% | +0.13% | +0.94% | |
| 7 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 2.68% | +0.22% | +0.01% | |
| 8 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 2.38% | +0.09% | -0.21% | |
| 9 | NVDA | Nvidia CORP | Stock-Tech | 2.11% | +0.13% | +1.93% | |
| 10 | MSFT | Microsoft CORP | Stock-Tech | 1.90% | -0.13% | +1.98% | |
| 11 | VOOV | Vanguard S&p 500 Value ETF | ETF-Large Cap & Growth | 1.48% | -0.02% | — | |
| 12 | VIOV | Vanguard S&p Small-cap 600 V | ETF-Other | 1.35% | +0.06% | — | |
| 13 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 1.27% | +0.29% | +24.75% | |
| 14 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.01% | +0.11% | -1.82% | |
| 15 | CATH | Global X S&p 500 Ca Val ETF | ETF-Large Cap & Growth | 0.96% | -0.11% | -12.74% | |
| 16 | PFE | Pfizer Inc | Stock-Healthcare | 0.94% | -0.22% | +3.25% | |
| 17 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.91% | -0.11% | -0.02% | |
| 18 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.91% | +0.10% | -0.30% | |
| 19 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.85% | -0.42% | -21.55% | |
| 20 | USB | US Bancorp | Stock-Financials | 0.83% | +0.08% | +4.92% | |
| 21 | PM | Philip Morris International | Stock-Consumer Staples | 0.82% | -0.01% | -1.29% | |
| 22 | TTE | TotalEnergies SE | Stock-Other | 0.82% | -0.32% | -8.03% | |
| 23 | PNC | Pnc Financial Services Group | Stock-Financials | 0.79% | +0.09% | +5.10% | |
| 24 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.79% | +0.01% | -3.12% | |
| 25 | ENB | Enbridge Inc | Stock-Energy | 0.78% | -0.06% | +1.13% | |
| 26 | ABBV | Abbvie Inc | Stock-Healthcare | 0.77% | +0.06% | +3.11% | |
| 27 | VPL | Vanguard Ftse Pacific ETF | ETF-Other | 0.74% | +0.06% | — | |
| 28 | BTI | British American Tob-sp Adr | Stock-Consumer Staples | 0.71% | +0.02% | +7.22% | |
| 29 | DUK | Duke Energy CORP | Stock-Utilities | 0.68% | -0.08% | +0.31% | |
| 30 | GEVO | Gevo Inc | Stock-Other | 0.68% | -0.67% | — | |
| 31 | XEL | Xcel Energy Inc | Stock-Utilities | 0.60% | -0.13% | -9.99% | |
| 32 | TRP | Tc Energy CORP | Stock-Energy | 0.59% | -0.01% | +1.43% | |
| 33 | AMGN | Amgen Inc | Stock-Healthcare | 0.59% | -0.15% | -15.45% | |
| 34 | NGG | National Grid Plc-sp Adr | Stock-Utilities | 0.59% | -0.15% | -10.89% | |
| 35 | AVGO | Broadcom Inc | Stock-Tech | 0.58% | +0.13% | +17.25% | |
| 36 | VZ | Verizon Communications Inc | Stock-Comm Services | 0.56% | -0.10% | +10.41% | |
| 37 | PLD | Prologis Inc | Stock-Real Estate | 0.56% | -0.02% | +3.12% | |
| 38 | MRVL | Marvell Technology Inc | Stock-Tech | 0.53% | +0.31% | -13.09% | |
| 39 | CVX | Chevron CORP | Stock-Energy | 0.53% | -0.28% | -10.40% | |
| 40 | SO | Southern Co/the | Stock-Utilities | 0.53% | -0.08% | -4.04% | |
| 41 | SNY | Sanofi-adr | Stock-Healthcare | 0.53% | — | +23.44% | |
| 42 | MA | Mastercard Inc - A | Stock-Financials | 0.52% | -0.06% | -4.48% | |
| 43 | TFC | Truist Financial CORP | Stock-Financials | 0.51% | +0.02% | +4.83% | |
| 44 | WMB | Williams Cos Inc | Stock-Energy | 0.50% | -0.15% | -16.65% | |
| 45 | XOM | Exxon Mobil CORP | Stock-Energy | 0.48% | -0.45% | -29.94% | |
| 46 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.46% | — | -0.83% | |
| 47 | PAYX | Paychex Inc | Stock-Tech | 0.44% | +0.19% | +83.11% | |
| 48 | HBAN | Huntington Bancshares Inc | Stock-Financials | 0.43% | -0.04% | -11.60% | |
| 49 | AMD | Advanced Micro Devices | Stock-Tech | 0.43% | +0.29% | +20.29% | |
| 50 | DAKT | Daktronics Inc | Stock-Other | 0.43% | -0.04% | +0.22% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+2.6%
Performance Last 4 Quarters
+16.5%
- Stdev
- +10.8%
- Beta
- +0.78
- Alpha
- +1%
- Max Drawdown
- -5.2%
- Annualized Perf
- +17.2%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +2.99
- Stutzer
- +0.45
- Treynor
- +0.21
- Sterling
- +1.19
- Calmar
- +3.34
- Information Ratio
- -0.72
- Tracking Error
- +4.8%
- Stdev Down
- +5.5%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +31.4%
- Worst 12 Months
- +8.7%
- Efficiency Ratio
- +0.61
- Sharpe
- +1.54
- Stdev Sectors
- +5.8%
- Skewness
- -0.19
- Kurtosis
- -0.18
- Upside Potential
- +4.5
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 416 | $680.0M | 0 | ||
| 2026 Q1 | 397 | $620.8M | 19 | ||
| 2025 Q4 | 408 | $613.9M | 14 | ||
| 2025 Q3 | 399 | $594.2M | 25 | ||
| 2025 Q2 | 364 | $560.8M | 0 | ||
| 2025 Q1 | 354 | $516.6M | 100 | ||
| 2024 Q4 | 362 | $521.0M | 0 | ||
| 2024 Q3 | 368 | $527.1M | 0 | ||
| 2024 Q2 | 361 | $491.0M | 0 | ||
| 2024 Q1 | 366 | $483.8M | 0 | ||
| 2023 Q4 | 311 | $414.2M | 0 | ||
| 2023 Q3 | 309 | $381.9M | 0 | ||
| 2023 Q2 | 321 | $394.6M | 0 | ||
| 2023 Q1 | 330 | $378.1M | 0 | ||
| 2022 Q4 | 334 | $360.1M | 0 | ||
| 2022 Q3 | 300 | $272.3M | 0 | ||
| 2022 Q2 | 750 | $307.3M | 0 | ||
| 2022 Q1 | 759 | $324.6M | 0 | ||
| 2021 Q4 | 745 | $237.8M | 0 | ||
| 2021 Q3 | 601 | $218.9M | 0 | ||
| 2021 Q2 | 535 | $207.2M | 100 | ||
| 2021 Q1 | 530 | $198.7M | 30 | ||
| 2020 Q4 | 484 | $158.0M | 24 | ||
| 2020 Q3 | 500 | $150.6M | 27 | ||
| 2020 Q2 | 493 | $132.9M | 30 | ||
| 2020 Q1 | 525 | $111.1M | 36 | ||
| 2019 Q4 | 507 | $137.4M | 16 | ||
| 2019 Q3 | 496 | $132.6M | 23 | ||
| 2019 Q2 | 603 | $125.4M | 20 | ||
| 2019 Q1 | 387 | $128.2M | 21 | ||
| 2018 Q4 | 382 | $117.8M | 22 | ||
| 2018 Q3 | 368 | $132.9M | 12 | ||
| 2018 Q2 | 367 | $130.3M | 17 | ||
| 2018 Q1 | 364 | $124.6M | 15 | ||
| 2017 Q4 | 381 | $127.0M | 17 | ||
| 2017 Q3 | 422 | $122.7M | 13 | ||
| 2017 Q2 | 355 | $118.0M | 21 | ||
| 2017 Q1 | 357 | $115.8M | 17 | ||
| 2016 Q4 | 365 | $109.5M | — |
Holding changes this quarter
First Bank & Trust's most significant position changes for 2026-06-30: New buy: Medtronic plc (MDT); New buy: Darden Restaurants Inc (DRI); New buy: Automatic Data Processing (ADP); New buy: Putnam Focused Lrg Cap Value (PVAL); Sold out: Fidelity Nasdaq Comp Indx (ONEQ).
Showing top 200 changes by size (of 279 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | VTI | Vanguard Total Stock Mkt ETF | +0.4% | -1.90% | Trim |
| 2 | MRVL | Marvell Technology Inc | +0.3% | -13.09% | Trim |
| 3 | IVV | Ishares Core S&p 500 ETF | +0.3% | +24.75% | Add |
| 4 | AMD | Advanced Micro Devices | +0.3% | +20.29% | Add |
| 5 | MDT | Medtronic plc | +0.3% | NEW | New buy |
| 6 | MU | Micron Technology Inc | +0.2% | +41.06% | Add |
| 7 | IJR | Ishares Core S&p Small-cap E | +0.2% | +0.01% | Add |
| 8 | VOO | Vanguard S&p 500 ETF | +0.2% | — | Unchanged |
| 9 | PAYX | Paychex Inc | +0.2% | +83.11% | Add |
| 10 | KIM | Kimco Realty CORP | +0.2% | +406.92% | Add |
| 11 | DELL | Dell Technologies -c | +0.1% | -1.99% | Trim |
| 12 | AAPL | Apple Inc | +0.1% | +0.94% | Add |
| 13 | NVDA | Nvidia CORP | +0.1% | +1.93% | Add |
| 14 | AVGO | Broadcom Inc | +0.1% | +17.25% | Add |
| 15 | VEA | Vanguard Ftse Developed ETF | +0.1% | +0.01% | Add |
| 16 | AMT | American Tower CORP | +0.1% | +67.67% | Add |
| 17 | GOOGL | Alphabet Inc-cl A | +0.1% | -1.82% | Trim |
| 18 | VICR | Vicor CORP | +0.1% | -0.30% | Trim |
| 19 | KLAC | Kla CORP | +0.1% | +1026.58% | Add |
| 20 | GOOG | Alphabet Inc-cl C | +0.1% | -0.30% | Trim |
| 21 | MDLZ | Mondelez International Inc-a | +0.1% | +131.00% | Add |
| 22 | IJH | Ishares Core S&p Midcap ETF | +0.1% | -0.21% | Trim |
| 23 | PNC | Pnc Financial Services Group | +0.1% | +5.10% | Add |
| 24 | IMCG | Ishares Morningstar Mid-cap | +0.1% | +21.78% | Add |
| 25 | DRI | Darden Restaurants Inc | +0.1% | NEW | New buy |
| 26 | USB | US Bancorp | +0.1% | +4.92% | Add |
| 27 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | -3.45% | Trim |
| 28 | PFG | Principal Financial Group | +0.1% | +216.21% | Add |
| 29 | ADP | Automatic Data Processing | +0.1% | NEW | New buy |
| 30 | EMXC | Ishares Msci Emr Mrk Ex Chna | +0.1% | — | Unchanged |
| 31 | RWJ | Invesco S&p Smallcap 600 | +0.1% | +17.67% | Add |
| 32 | PVAL | Putnam Focused Lrg Cap Value | +0.1% | NEW | New buy |
| 33 | VIOV | Vanguard S&p Small-cap 600 V | +0.1% | — | Unchanged |
| 34 | ABBV | Abbvie Inc | +0.1% | +3.11% | Add |
| 35 | VPL | Vanguard Ftse Pacific ETF | +0.1% | — | Unchanged |
| 36 | LLY | Eli Lilly & Co | +0.1% | +20.22% | Add |
| 37 | JPIB | Jpmorgan Intl Bnd ETF | +0.1% | +92.09% | Add |
| 38 | CAT | Caterpillar Inc | +0.1% | +35.62% | Add |
| 39 | KMB | Kimberly-clark CORP | +0.1% | +35.09% | Add |
| 40 | RF | Regions Financial CORP | +0.1% | NEW | New buy |
| 41 | MO | Altria Group Inc | +0.1% | +33.38% | Add |
| 42 | JIRE | Jpmorgan Int Res Enh Eqty | +0.1% | +20.93% | Add |
| 43 | GEV | GE Vernova Inc | +0.1% | +5.01% | Add |
| 44 | AMAT | Applied Materials Inc | +0.1% | +15.17% | Add |
| 45 | JEMA | Jpmorgan Activebuilders Emer | 0% | +13.14% | Add |
| 46 | DIVI | Franklin International Core | 0% | +18.73% | Add |
| 47 | URI | United Rentals Inc | 0% | -6.46% | Trim |
| 48 | UNH | Unitedhealth Group Inc | 0% | -1.34% | Trim |
| 49 | SANM | Sanmina CORP | 0% | — | Unchanged |
| 50 | ARM | Arm Holdings Plc-adr | 0% | NEW | New buy |
1–50 of 200
Filing History
FAQ
What is First Bank & Trust and what type of investor is it?
First Bank & Trust is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $680.0M, spread across 416 disclosed positions.
What are First Bank & Trust's largest equity positions?
Based on the latest 13F filing, First Bank & Trust's top holdings by market value are:
1. Vanguard Total Stock Mkt ETF (VTI) — $77.1M (11.3%)
2. Vanguard Ftse Developed ETF (VEA) — $55.3M (8.1%)
3. Ishares Core U.s. Aggregate (AGG) — $36.3M (5.3%)
4. Vanguard S&p 500 ETF (VOO) — $28.2M (4.2%)
5. Vanguard Ftse Emerging Marke (VWO) — $25.7M (3.8%)
What changes did First Bank & Trust make in its most recent portfolio filing?
In the latest reported quarter, First Bank & Trust made 184 notable position adjustments: 22 new positions were initiated, 81 existing holdings were added to, 72 positions were partially reduced, and 9 were completely exited. The largest of these moves: New buy: Medtronic plc (MDT); New buy: Darden Restaurants Inc (DRI); New buy: Automatic Data Processing (ADP); New buy: Putnam Focused Lrg Cap Value (PVAL); Sold out: Fidelity Nasdaq Comp Indx (ONEQ)
What sectors does First Bank & Trust focus on?
First Bank & Trust is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 24.6%
• Financials: 15.2%
• Health Care: 12.4%
• Utilities: 8.8%
• Consumer Staples: 8.8%
• Communication Services: 7.8%
Investment Profile
First Bank & Trust returned an annualized 17.2% over the trailing 36 months — outperforming the S&P 500 by 1.0 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.78 (less volatile than the market) and a 47% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding.
It has added to its NVDA position over the past two quarters (+$6.6M, now $14.3M), while trimming INTU over the same stretch (-$2.9M, still holding $688.0K).
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