FU
First United Bank & Trust 13F Holdings (Q2 2026) — Stock Portfolio & Buys
First United Bank & TrustCIK: 0001214183
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$347.6M
Reporting period: 2026-06-30 · Number of holdings: 589
FIRST UNITED BANK & TRUST disclosed 589 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $347.6M and a quarterly turnover rate of 18.4%.
Browse other institutions with $100M to $1B AUMBrowse other institutions starting with "F"
Personality snowflake
- Concentration
- 8.28
- Portfolio Stability
- 18.39
- Momentum
- 100
- Sector conviction
- 45.76
- Diversification
- 100
- Sizing Uniformity
- 72.23
First United Bank & Trust's disclosed holdings carry a Herfindahl concentration index of 0.021 — mathematically equivalent to about 48 equally-sized positions, well below its 589 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 2.78), 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 37% 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.govAdd QQQ
-0.2% $5.2M
Sold out HON
New buy DFIS
Add AMD
+2.3% $1.4M
Add PVAL
+93.2% $1.3M
New buy 438516205
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 589 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 6.98% | +0.79% | -0.22% | |
| 2 | VTV | Vanguard Value ETF | ETF-Other | 5.50% | -0.16% | -1.18% | |
| 3 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 3.64% | +0.05% | -0.58% | |
| 4 | DVY | Ishares Select Dividend ETF | ETF-Other | 3.36% | -0.33% | -0.36% | |
| 5 | VO | Vanguard Mid-cap ETF | ETF-Other | 3.25% | +0.10% | +315.14% | |
| 6 | VUG | Vanguard Growth ETF | ETF-Other | 3.21% | +0.07% | +484.43% | |
| 7 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 2.93% | -0.07% | +3.35% | |
| 8 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 2.90% | +0.19% | +8.84% | |
| 9 | AAPL | Apple Inc | Stock-Tech | 2.82% | +0.03% | -0.05% | |
| 10 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 2.46% | -0.06% | -7.39% | |
| 11 | VB | Vanguard Small-cap ETF | ETF-Other | 2.10% | +0.12% | +3.56% | |
| 12 | VOT | Vanguard Mid-cap Growth ETF | ETF-Other | 1.91% | +0.11% | +0.48% | |
| 13 | VOE | Vanguard Mid-cap Value ETF | ETF-Other | 1.84% | -0.13% | -1.85% | |
| 14 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.77% | +0.16% | -0.13% | |
| 15 | MSFT | Microsoft CORP | Stock-Tech | 1.61% | -0.15% | +2.60% | |
| 16 | FBND | Fidelity Total Bond ETF | ETF-Other | 1.47% | -0.19% | -0.34% | |
| 17 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.46% | -0.04% | -1.40% | |
| 18 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 1.43% | +0.02% | -0.30% | |
| 19 | NVDA | Nvidia CORP | Stock-Tech | 1.32% | +0.07% | +4.00% | |
| 20 | ANET | Arista Networks Inc | Stock-Tech | 1.32% | +0.21% | -2.85% | |
| 21 | HYGV | Flexshares High Yield Value | ETF-High Yield | 1.29% | -0.10% | +4.39% | |
| 22 | SPGP | Invesco S&p 500 Garp ETF | ETF-Large Cap & Growth | 1.27% | — | -0.70% | |
| 23 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.26% | -0.01% | -2.61% | |
| 24 | IWF | Ishares Russell 1000 Growth | ETF-Other | 1.03% | +0.02% | +298.49% | |
| 25 | IYW | Ishares Ustechnology ETF | ETF-Tech | 1.03% | +0.17% | -2.80% | |
| 26 | VBR | Vanguard Small-cap Value ETF | ETF-Other | 0.98% | +0.08% | +10.37% | |
| 27 | IWR | Ishares Russell Mid-cap ETF | ETF-Other | 0.90% | -0.01% | -0.63% | |
| 28 | CSCO | Cisco Systems Inc | Stock-Tech | 0.89% | +0.22% | -1.22% | |
| 29 | ESG | Flexshares Stoxx US Esg Sele | ETF-Other | 0.87% | -0.06% | -8.62% | |
| 30 | STIP | Ishares 0-5 Year Tips Bond E | ETF-Other | 0.86% | +0.18% | +43.75% | |
| 31 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.85% | +0.05% | +5.62% | |
| 32 | PNC | Pnc Financial Services Group | Stock-Financials | 0.83% | +0.01% | -3.45% | |
| 33 | LOW | Lowe's Cos Inc | Stock-Consumer Disc | 0.77% | -0.19% | -2.50% | |
| 34 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.75% | -0.24% | -1.82% | |
| 35 | PVAL | Putnam Focused Lrg Cap Value | ETF-Other | 0.73% | +0.34% | +93.19% | |
| 36 | CSX | Csx CORP | Stock-Industrials | 0.70% | +0.01% | -0.98% | |
| 37 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.63% | -0.13% | +0.34% | |
| 38 | SO | Southern Co/the | Stock-Utilities | 0.63% | -0.10% | -1.80% | |
| 39 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.63% | -0.10% | -5.00% | |
| 40 | VLO | Valero Energy CORP | Stock-Energy | 0.62% | -0.05% | -0.63% | |
| 41 | AMGN | Amgen Inc | Stock-Healthcare | 0.60% | -0.07% | -1.41% | |
| 42 | AMD | Advanced Micro Devices | Stock-Tech | 0.60% | +0.37% | +2.27% | |
| 43 | CVX | Chevron CORP | Stock-Energy | 0.57% | -0.27% | -4.30% | |
| 44 | MTB | M & T Bank CORP | Stock-Financials | 0.57% | — | -2.49% | |
| 45 | PULS | Pgim Ultra Short Bond ETF | ETF-Other | 0.56% | +0.03% | +18.87% | |
| 46 | DFIS | Dimensional International Sm | ETF-Other | 0.56% | +0.56% | NEW | |
| 47 | FTNT | Fortinet Inc | Stock-Tech | 0.55% | +0.22% | -0.16% | |
| 48 | MA | Mastercard Inc - A | Stock-Financials | 0.54% | -0.07% | -1.63% | |
| 49 | PWR | Quanta Services Inc | Stock-Industrials | 0.50% | +0.06% | -1.34% | |
| 50 | DHR | Danaher CORP | Stock-Healthcare | 0.49% | -0.08% | -4.82% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+3.8%
Performance Last 4 Quarters
+18.6%
- Stdev
- +11.5%
- Beta
- +0.86
- Alpha
- -0.9%
- Max Drawdown
- -8%
- Annualized Perf
- +16.9%
- Batting Avg vs S&P
- +33.3%
- Sortino
- +2.71
- Stutzer
- +0.41
- Treynor
- +0.19
- Sterling
- +1.08
- Calmar
- +2.11
- Information Ratio
- -1.07
- Tracking Error
- +3.4%
- Stdev Down
- +6%
- Winning Months %
- +75%
- Losing Months %
- +25%
- Best 12 Months
- +30.6%
- Worst 12 Months
- +5%
- Efficiency Ratio
- +0.56
- Sharpe
- +1.42
- Stdev Sectors
- +7.5%
- Skewness
- -0.12
- Kurtosis
- -0.2
- Upside Potential
- +4.29
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 589 | $347.6M | 18 | ||
| 2026 Q1 | 560 | $307.9M | 20 | ||
| 2025 Q4 | 557 | $313.3M | 11 | ||
| 2025 Q3 | 584 | $308.1M | 22 | ||
| 2025 Q2 | 551 | $286.9M | 0 | ||
| 2025 Q1 | 562 | $267.7M | 100 | ||
| 2024 Q4 | 526 | $275.3M | 0 | ||
| 2024 Q3 | 527 | $278.3M | 0 | ||
| 2024 Q2 | 557 | $268.7M | 0 | ||
| 2024 Q1 | 577 | $270.1M | 0 | ||
| 2023 Q4 | 600 | $250.3M | 0 | ||
| 2023 Q3 | 154 | $215.0M | 0 | ||
| 2023 Q2 | 159 | $225.1M | 0 | ||
| 2023 Q1 | 158 | $213.2M | 0 | ||
| 2022 Q4 | 157 | $204.9M | 0 | ||
| 2022 Q3 | 156 | $198.8M | 0 | ||
| 2022 Q2 | 161 | $217.6M | 0 | ||
| 2022 Q1 | 173 | $254.4M | 0 | ||
| 2021 Q4 | 165 | $270.8M | 0 | ||
| 2021 Q3 | 163 | $245.4M | 0 | ||
| 2021 Q2 | 162 | $239.1M | 99 | ||
| 2021 Q1 | 158 | $234.1M | 17 | ||
| 2020 Q4 | 140 | $207.0M | 18 | ||
| 2020 Q3 | 124 | $178.6M | 15 | ||
| 2020 Q2 | 126 | $169.1M | 24 | ||
| 2020 Q1 | 111 | $140.0M | 25 | ||
| 2019 Q4 | 130 | $173.6M | 11 | ||
| 2019 Q3 | 123 | $159.3M | 11 | ||
| 2019 Q2 | 122 | $169.3M | 13 | ||
| 2019 Q1 | 115 | $162.1M | 18 | ||
| 2018 Q4 | 117 | $142.6M | 21 | ||
| 2018 Q3 | 120 | $159.6M | 14 | ||
| 2018 Q2 | 112 | $150.9M | 24 | ||
| 2018 Q1 | 109 | $152.1M | 8 | ||
| 2017 Q4 | 109 | $153.2M | 14 | ||
| 2017 Q3 | 108 | $149.4M | 17 | ||
| 2017 Q2 | 108 | $147.6M | 12 | ||
| 2017 Q1 | 110 | $142.7M | 15 | ||
| 2016 Q4 | 106 | $132.6M | 15 | ||
| 2016 Q3 | 98 | $121.0M | 11 | ||
| 2016 Q2 | 92 | $115.4M | 10 | ||
| 2016 Q1 | 89 | $108.8M | 16 | ||
| 2015 Q4 | 91 | $110.7M | 14 | ||
| 2015 Q3 | 93 | $102.5M | 13 | ||
| 2015 Q2 | 92 | $109.6M | 8 | ||
| 2015 Q1 | 89 | $110.2M | 10 | ||
| 2014 Q4 | 81 | $103.9M | 13 | ||
| 2014 Q3 | 83 | $97.9M | 11 | ||
| 2014 Q2 | 83 | $96.0M | 11 | ||
| 2014 Q1 | 83 | $92.8M | 15 | ||
| 2013 Q4 | 78 | $90.3M | 13 | ||
| 2013 Q3 | 77 | $82.7M | 16 | ||
| 2013 Q2 | 75 | $74.4M | 0 |
Holding changes this quarter
First United Bank & Trust's most significant position changes for 2026-06-30: Sold out: Honeywell International Inc (HON); New buy: Dimensional International Sm (DFIS); New buy: ; New buy: ; Sold out: Western Digital CORP (WDC).
Showing top 200 changes by size (of 428 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | QQQ | Invesco Qqq Trust Series 1 | +0.8% | -0.22% | Trim |
| 2 | DFIS | Dimensional International Sm | +0.6% | NEW | New buy |
| 3 | AMD | Advanced Micro Devices | +0.4% | +2.27% | Add |
| 4 | PVAL | Putnam Focused Lrg Cap Value | +0.3% | +93.19% | Add |
| 5 | ✓ | +0.3% | NEW | New buy | |
| 6 | ✓ | +0.3% | NEW | New buy | |
| 7 | CSCO | Cisco Systems Inc | +0.2% | -1.22% | Trim |
| 8 | FTNT | Fortinet Inc | +0.2% | -0.16% | Trim |
| 9 | ANET | Arista Networks Inc | +0.2% | -2.85% | Trim |
| 10 | RSP | Invesco S&p 500 Equal Weight | +0.2% | +8.84% | Add |
| 11 | STIP | Ishares 0-5 Year Tips Bond E | +0.2% | +43.75% | Add |
| 12 | IYW | Ishares Ustechnology ETF | +0.2% | -2.80% | Trim |
| 13 | AUB | Atlantic Union Bankshares Co | +0.2% | +5104.44% | Add |
| 14 | GOOGL | Alphabet Inc-cl A | +0.2% | -0.13% | Trim |
| 15 | FBCG | Fidelity Blue Chip Grow ETF | +0.1% | +59.37% | Add |
| 16 | GEV | GE Vernova Inc | +0.1% | +15.35% | Add |
| 17 | KLAC | Kla CORP | +0.1% | +900.00% | Add |
| 18 | VB | Vanguard Small-cap ETF | +0.1% | +3.56% | Add |
| 19 | VOT | Vanguard Mid-cap Growth ETF | +0.1% | +0.48% | Add |
| 20 | VO | Vanguard Mid-cap ETF | +0.1% | +315.14% | Add |
| 21 | PANW | Palo Alto Networks Inc | +0.1% | +56.10% | Add |
| 22 | VBR | Vanguard Small-cap Value ETF | +0.1% | +10.37% | Add |
| 23 | MCHP | Microchip Technology Inc | +0.1% | +6.75% | Add |
| 24 | VUG | Vanguard Growth ETF | +0.1% | +484.43% | Add |
| 25 | NVDA | Nvidia CORP | +0.1% | +4.00% | Add |
| 26 | PWR | Quanta Services Inc | +0.1% | -1.34% | Trim |
| 27 | CAT | Caterpillar Inc | +0.1% | -3.25% | Trim |
| 28 | VOO | Vanguard S&p 500 ETF | +0.1% | -0.58% | Trim |
| 29 | AMZN | Amazon.com Inc | +0.1% | +5.62% | Add |
| 30 | CVS | Cvs Health CORP | +0.1% | -4.40% | Trim |
| 31 | XLK | Ss Technology Select Sector | +0.1% | -4.98% | Trim |
| 32 | LLY | Eli Lilly & Co | +0.1% | +2.03% | Add |
| 33 | VEA | Vanguard Ftse Developed ETF | 0% | +23.60% | Add |
| 34 | NEO | Neogenomics Inc | 0% | — | Unchanged |
| 35 | LRCX | Lam Research CORP | 0% | — | Unchanged |
| 36 | AAPL | Apple Inc | 0% | -0.05% | Trim |
| 37 | PULS | Pgim Ultra Short Bond ETF | 0% | +18.87% | Add |
| 38 | VBK | Vanguard Small-cap Grwth ETF | 0% | +0.18% | Add |
| 39 | GOOG | Alphabet Inc-cl C | 0% | -1.27% | Trim |
| 40 | QCOM | Qualcomm Inc | 0% | +11.36% | Add |
| 41 | FTRB | Fed Hermes Ttl Rtrn Bnd | 0% | +48.18% | Add |
| 42 | IBIT | Ishares Bitcoin Trust ETF | 0% | +157.18% | Add |
| 43 | FEIM | Frequency Electronics Inc | 0% | — | Unchanged |
| 44 | IUSG | Ishares Core S&p U.s. Growth | 0% | NEW | New buy |
| 45 | IUSV | Ishares Core S&p U.s. Value | 0% | NEW | New buy |
| 46 | HDV | Ishares Core High Dividend E | 0% | NEW | New buy |
| 47 | IVV | Ishares Core S&p 500 ETF | 0% | -0.30% | Trim |
| 48 | IWF | Ishares Russell 1000 Growth | 0% | +298.49% | Add |
| 49 | TSLA | Tesla Inc | 0% | +4.47% | Add |
| 50 | GL | Globe Life Inc | 0% | -2.99% | Trim |
1–50 of 200
Filing History
FAQ
What is First United Bank & Trust and what type of investor is it?
First United 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 $347.6M, spread across 589 disclosed positions.
What are First United Bank & Trust's largest equity positions?
Based on the latest 13F filing, First United Bank & Trust's top holdings by market value are:
1. Invesco Qqq Trust Series 1 (QQQ) — $24.3M (7.0%)
2. Vanguard Value ETF (VTV) — $19.1M (5.5%)
3. Vanguard S&p 500 ETF (VOO) — $12.6M (3.6%)
4. Ishares Select Dividend ETF (DVY) — $11.7M (3.4%)
5. Vanguard Mid-cap ETF (VO) — $11.3M (3.3%)
What changes did First United Bank & Trust make in its most recent portfolio filing?
In the latest reported quarter, First United Bank & Trust made 174 notable position adjustments: 12 new positions were initiated, 75 existing holdings were added to, 80 positions were partially reduced, and 7 were completely exited. The largest of these moves: Sold out: Honeywell International Inc (HON); New buy: Dimensional International Sm (DFIS); New buy: ; New buy: ; Sold out: Western Digital CORP (WDC)
What sectors does First United Bank & Trust focus on?
First United Bank & Trust is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 29.4%
• Financials: 14.6%
• Health Care: 10.1%
• Consumer Discretionary: 10.0%
• Industrials: 9.4%
• Communication Services: 8.3%
Investment Profile
First United Bank & Trust returned an annualized 16.9% 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 0.86 (less volatile than the market) and a 33% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding.
Its turnover score has risen from 0 to 18 over the past 4 quarters — a shift toward more active trading.
It has added to its VO position over the past two quarters (+$4.3M, now $11.3M), while trimming ABT over the same stretch (-$1.0M, still holding $957.3K).
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Developer Access
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REST API
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