FN
First Nebraska Trust Co 13F Filing (Q3 2026) — Top Positions & Stock Picks
First Nebraska Trust CoCIK: 0002134841
Diversified strategyMomentum followerLong-term holder
Total reported value
$1.2B
Reporting period: 2026-09-30 · Number of holdings: 235
First Nebraska Trust Co disclosed 235 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $1.2B and a quarterly turnover rate of 13.2%.
Browse other institutions with $1B to $10B AUMBrowse other institutions starting with "F"
Personality snowflake
- Concentration
- 15.51
- Portfolio Stability
- 13.18
- Momentum
- 100
- Sector conviction
- 55.89
- Diversification
- 100
- Sizing Uniformity
- 71.46
First Nebraska Trust Co's disclosed holdings carry a Herfindahl concentration index of 0.039 — mathematically equivalent to about 26 equally-sized positions, well below its 235 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 2.85), 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.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim AMAT
-23.4% -$28.5M
Add MSFT
-2.4% $12.1M
Add AAPL
-1.2% $11.0M
New buy 30233Q108
Sold out XOM
Trim SYY
+2.4% -$8.3M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 235 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SYY | Sysco CORP | Stock-Consumer Staples | 14.42% | -0.41% | +2.38% | |
| 2 | AAPL | Apple Inc | Stock-Tech | 7.56% | +1.03% | -1.25% | |
| 3 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 3.98% | -0.19% | -2.72% | |
| 4 | MSFT | Microsoft CORP | Stock-Tech | 3.90% | +1.04% | -2.40% | |
| 5 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 3.88% | +0.02% | -1.02% | |
| 6 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 3.78% | — | -3.78% | |
| 7 | AMAT | Applied Materials Inc | Stock-Tech | 2.78% | -2.25% | -23.35% | |
| 8 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 2.05% | -0.11% | -0.39% | |
| 9 | QCOM | Qualcomm Inc | Stock-Tech | 2.05% | -0.02% | -2.37% | |
| 10 | TT | Trane Technologies plc | Stock-Industrials | 1.96% | -0.16% | -1.64% | |
| 11 | ETN | Eaton Corporation plc | Stock-Industrials | 1.81% | +0.01% | -2.40% | |
| 12 | CSCO | Cisco Systems Inc | Stock-Tech | 1.61% | -0.16% | -2.05% | |
| 13 | CVX | Chevron CORP | Stock-Energy | 1.61% | +0.31% | -1.19% | |
| 14 | WMT | Walmart Inc | Stock-Consumer Staples | 1.59% | -0.15% | -2.13% | |
| 15 | NUE | Nucor CORP | Stock-Materials | 1.52% | +0.06% | -2.45% | |
| 16 | CAH | Cardinal Health Inc | Stock-Healthcare | 1.50% | -0.12% | -2.99% | |
| 17 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.45% | +0.07% | -1.11% | |
| 18 | DHR | Danaher CORP | Stock-Healthcare | 1.32% | +0.18% | -2.02% | |
| 19 | UNP | Union Pacific CORP | Stock-Industrials | 1.32% | +0.01% | -0.74% | |
| 20 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 1.29% | +0.02% | — | |
| 21 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 1.24% | -0.01% | -2.79% | |
| 22 | MRK | Merck & Co. Inc. | Stock-Healthcare | 1.22% | +0.14% | -1.86% | |
| 23 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.07% | -0.02% | -4.76% | |
| 24 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.02% | +0.07% | +1.54% | |
| 25 | MSI | Motorola Solutions Inc | Stock-Tech | 0.93% | +0.06% | -2.30% | |
| 26 | HRL | Hormel Foods CORP | Stock-Consumer Staples | 0.90% | -0.21% | -0.17% | |
| 27 | EOG | Eog Resources Inc | Stock-Energy | 0.77% | +0.03% | -3.72% | |
| 28 | ✓ | Stock-Other | 0.76% | +0.76% | NEW | ||
| 29 | PAYX | Paychex Inc | Stock-Tech | 0.76% | +0.02% | -0.30% | |
| 30 | PEP | Pepsico Inc | Stock-Consumer Staples | 0.75% | -0.02% | +2.34% | |
| 31 | INTC | Intel CORP | Stock-Tech | 0.71% | -0.13% | -3.63% | |
| 32 | DPZ | Domino's Pizza Inc | Stock-Consumer Disc | 0.70% | -0.03% | -6.09% | |
| 33 | FDX | Fedex CORP | Stock-Industrials | 0.68% | -0.07% | -2.48% | |
| 34 | COP | Conocophillips | Stock-Energy | 0.68% | +0.11% | -2.57% | |
| 35 | GNRC | Generac Holdings Inc | Stock-Industrials | 0.65% | -0.22% | +3.76% | |
| 36 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.65% | -0.02% | -1.92% | |
| 37 | CRM | Salesforce Inc | Stock-Tech | 0.57% | +0.18% | -1.92% | |
| 38 | LOW | Lowe's Cos Inc | Stock-Consumer Disc | 0.57% | -0.07% | +4.96% | |
| 39 | MPC | Marathon Petroleum CORP | Stock-Energy | 0.57% | +0.20% | -3.48% | |
| 40 | USB | US Bancorp | Stock-Financials | 0.56% | -0.05% | -5.67% | |
| 41 | V | Visa Inc-class A Shares | Stock-Financials | 0.55% | +0.01% | -3.22% | |
| 42 | DCI | Donaldson Co Inc | Stock-Industrials | 0.55% | -0.04% | -4.92% | |
| 43 | MDT | Medtronic plc | Stock-Healthcare | 0.53% | +0.05% | -1.62% | |
| 44 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.52% | +0.03% | -1.02% | |
| 45 | HPE | Hewlett Packard Enterprise | Stock-Tech | 0.49% | +0.13% | -6.23% | |
| 46 | EMR | Emerson Electric Co | Stock-Industrials | 0.49% | +0.03% | -3.67% | |
| 47 | NVDA | Nvidia CORP | Stock-Tech | 0.48% | +0.07% | -0.90% | |
| 48 | BDX | Becton Dickinson And Co | Stock-Healthcare | 0.46% | +0.12% | +11.87% | |
| 49 | AVUV | Avantis US Small Cap Value | ETF-Small Cap | 0.43% | — | +4.66% | |
| 50 | CL | Colgate-palmolive Co | Stock-Consumer Staples | 0.43% | -0.03% | -0.56% |
1–50 of 200
Portfolio Performance
Performance for Q4 2026
+2.1%
Performance Last 4 Quarters
+17.8%
- Stdev
- +11.9%
- Beta
- +0.81
- Alpha
- -0.9%
- Max Drawdown
- -8.8%
- Annualized Perf
- +18%
- Batting Avg vs S&P
- +25%
- Sortino
- +2.56
- Stutzer
- +0.41
- Treynor
- +0.21
- Sterling
- +1.04
- Calmar
- +2.03
- Information Ratio
- -0.74
- Tracking Error
- +7.1%
- Stdev Down
- +6.8%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +27.2%
- Worst 12 Months
- +0.9%
- Efficiency Ratio
- +0.59
- Sharpe
- +1.45
- Stdev Sectors
- +9.3%
- Skewness
- -0.61
- Kurtosis
- +1.04
- Upside Potential
- +3.97
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 235 | $1.2B | 13 | ||
| 2026 Q2 | 231 | $1.2B | 37 | ||
| 2022 Q4 | 168 | $767.4M | 12 | ||
| 2022 Q3 | 159 | $697.9M | 13 | ||
| 2022 Q2 | 164 | $762.1M | 14 | ||
| 2022 Q1 | 176 | $844.1M | 10 | ||
| 2021 Q4 | 184 | $831.2M | 11 | ||
| 2021 Q3 | 175 | $764.1M | 5 | ||
| 2021 Q2 | 172 | $768.2M | 9 | ||
| 2021 Q1 | 174 | $743.6M | 9 | ||
| 2020 Q4 | 167 | $692.9M | 19 | ||
| 2020 Q3 | 155 | $583.2M | 13 | ||
| 2020 Q2 | 147 | $540.7M | 0 | ||
| 2020 Q1 | 137 | $454.1M | 0 |
Holding changes this quarter
First Nebraska Trust Co's most significant position changes for 2026-09-30: New buy: ; Sold out: Exxon Mobil CORP (XOM); New buy: ; New buy: Fair Isaac CORP (FICO); New buy: Calamos Convert Opport & Inc (CHI).
Showing top 200 changes by size (of 243 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | +1% | -2.40% | Trim |
| 2 | AAPL | Apple Inc | +1% | -1.25% | Trim |
| 3 | ✓ | +0.8% | NEW | New buy | |
| 4 | CVX | Chevron CORP | +0.3% | -1.19% | Trim |
| 5 | NFLX | Netflix Inc | +0.2% | +374.46% | Add |
| 6 | MPC | Marathon Petroleum CORP | +0.2% | -3.48% | Trim |
| 7 | CRM | Salesforce Inc | +0.2% | -1.92% | Trim |
| 8 | DHR | Danaher CORP | +0.2% | -2.02% | Trim |
| 9 | MRK | Merck & Co. Inc. | +0.1% | -1.86% | Trim |
| 10 | ✓ | +0.1% | NEW | New buy | |
| 11 | PSX | Phillips 66 | +0.1% | -2.80% | Trim |
| 12 | HPE | Hewlett Packard Enterprise | +0.1% | -6.23% | Trim |
| 13 | SPYM | Ste Str Spdr Pt S&p 500 ETF | +0.1% | +56.43% | Add |
| 14 | BDX | Becton Dickinson And Co | +0.1% | +11.87% | Add |
| 15 | COP | Conocophillips | +0.1% | -2.57% | Trim |
| 16 | AMZN | Amazon.com Inc | +0.1% | +1.54% | Add |
| 17 | NVDA | Nvidia CORP | +0.1% | -0.90% | Trim |
| 18 | JNJ | Johnson & Johnson | +0.1% | -1.11% | Trim |
| 19 | HPQ | Hp Inc | +0.1% | +1.50% | Add |
| 20 | FICO | Fair Isaac CORP | +0.1% | NEW | New buy |
| 21 | MSI | Motorola Solutions Inc | +0.1% | -2.30% | Trim |
| 22 | NUE | Nucor CORP | +0.1% | -2.45% | Trim |
| 23 | TMO | Thermo Fisher Scientific Inc | +0.1% | — | Unchanged |
| 24 | MDT | Medtronic plc | +0.1% | -1.62% | Trim |
| 25 | ANET | Arista Networks Inc | +0.1% | -5.64% | Trim |
| 26 | XLE | Ss Energy Select Sector | 0% | -1.36% | Trim |
| 27 | META | Meta Platforms Inc-class A | 0% | -0.60% | Trim |
| 28 | CMG | Chipotle Mexican Grill Inc | 0% | +16.91% | Add |
| 29 | SOLS | Solstice Adv Materials Inc | 0% | +158.20% | Add |
| 30 | QQQM | Invesco Nasdaq 100 ETF | 0% | +64.52% | Add |
| 31 | PFE | Pfizer Inc | 0% | -2.71% | Trim |
| 32 | CHI | Calamos Convert Opport & Inc | 0% | NEW | New buy |
| 33 | KO | Coca-cola Co/the | 0% | -1.02% | Trim |
| 34 | ADBE | Adobe Inc | 0% | -3.37% | Trim |
| 35 | AJG | Arthur J Gallagher & Co | 0% | +7.80% | Add |
| 36 | EMR | Emerson Electric Co | 0% | -3.67% | Trim |
| 37 | INTU | Intuit Inc | 0% | +0.36% | Add |
| 38 | EOG | Eog Resources Inc | 0% | -3.72% | Trim |
| 39 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | -1.02% | Trim |
| 40 | ICE | Intercontinental Exchange In | 0% | NEW | New buy |
| 41 | CHE | Chemed CORP | 0% | NEW | New buy |
| 42 | SCHW | Schwab (charles) CORP | 0% | NEW | New buy |
| 43 | SO | Southern Co/the | 0% | NEW | New buy |
| 44 | PANW | Palo Alto Networks Inc | 0% | -0.21% | Trim |
| 45 | PM | Philip Morris International | 0% | — | Unchanged |
| 46 | VLO | Valero Energy CORP | 0% | — | Unchanged |
| 47 | BRK-A | Berkshire Hathaway Inc-cl A | 0% | — | Unchanged |
| 48 | ETN | Eaton Corporation plc | 0% | -2.40% | Trim |
| 49 | WAT | Waters CORP | 0% | -3.38% | Trim |
| 50 | TSCO | Tractor Supply Company | 0% | +16.59% | Add |
1–50 of 200
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Filing History
FAQ
What is First Nebraska Trust Co and what type of investor is it?
First Nebraska Trust Co 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 (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $1.2B, spread across 235 disclosed positions.
What are First Nebraska Trust Co's largest equity positions?
Based on the latest 13F filing, First Nebraska Trust Co's top holdings by market value are:
1. Sysco CORP (SYY) — $175.3M (14.4%)
2. Apple Inc (AAPL) — $91.8M (7.6%)
3. Alphabet Inc-cl A (GOOGL) — $48.4M (4.0%)
4. Microsoft CORP (MSFT) — $47.4M (3.9%)
5. Berkshire Hathaway Inc-cl B (BRK-B) — $47.1M (3.9%)
What changes did First Nebraska Trust Co make in its most recent portfolio filing?
In the latest reported quarter, First Nebraska Trust Co made 139 notable position adjustments: 12 new positions were initiated, 28 existing holdings were added to, 91 positions were partially reduced, and 8 were completely exited. The largest of these moves: New buy: ; Sold out: Exxon Mobil CORP (XOM); New buy: ; New buy: Fair Isaac CORP (FICO); New buy: Calamos Convert Opport & Inc (CHI)
What sectors does First Nebraska Trust Co focus on?
First Nebraska Trust Co is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 30.2%
• Consumer Staples: 24.5%
• Health Care: 11.0%
• Industrials: 10.9%
• Communication Services: 6.1%
• Energy: 5.4%
Investment Profile
First Nebraska Trust Co returned an annualized 18.0% over the trailing 36 months — underperforming the S&P 500 by 0.9 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.81 (less volatile than the market) and a 25% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 30.2% of the portfolio concentrated in Information Technology.
Its concentration score has fallen from 32 to 16 over the past 4 quarters — a shift toward broader diversification.
It has added to its AAPL position over the past two quarters (+$57.5M, now $91.8M), while trimming HRL over the same stretch (-$16.4M, still holding $11.0M).
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Developer Access
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