CIK: 0001697791
Total reported value
$300.6M
Reporting period: 2026-03-31 · Number of holdings: 124
United Bank disclosed 124 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $300.6M and a quarterly turnover rate of 16.9%.
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United Bank's disclosed holdings carry a Herfindahl concentration index of 0.020 — mathematically equivalent to about 51 equally-sized positions, well below its 124 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.20), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
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 70% 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.
Add GUNR
+20.5% $3.6M
Trim XLRE
-79.6% -$2.9M
Trim GOOGL
-0.0% -$1.1M
Trim MSFT
+15.6% -$1.2M
Trim NSC
-39.4% -$1.3M
Add XLE
+6.8% $1.4M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 4.29% | -0.48% | -0.04% | |
| 2 | AAPL | Apple INC | Stock-Tech | 4.08% | — | +4.47% | |
| 3 | NFRA | Flexshares Stoxx Global Broa | ETF-Other | 3.91% | +0.43% | +8.42% | |
| 4 | GUNR | Flexshares Global Upstream N | ETF-Other | 3.88% | +1.15% | +20.52% | |
| 5 | NVDA | Nvidia CORP | Stock-Tech | 3.83% | — | +5.64% | |
| 6 | XLK | Ss Technology Select Sector | ETF-Tech | 3.69% | -0.22% | +4.12% | |
| 7 | HYGV | Flexshares High Yield Value | ETF-High Yield | 3.22% | — | +2.45% | |
| 8 | MSFT | Microsoft CORP | Stock-Tech | 3.11% | -0.47% | +15.64% | |
| 9 | AMZN | Amazon.com INC | Stock-Consumer Disc | 3.08% | -0.20% | +6.23% | |
| 10 | JPM | Jpmorgan Chase & Co | Stock-Financials | 2.80% | -0.28% | +1.20% | |
| 11 | KO | Coca-cola Co/the | Stock-Consumer Staples | 2.31% | +0.12% | -1.31% | |
| 12 | SCHD | Schwab US Dvd Equity ETF | ETF-Other | 2.20% | +0.25% | +2.77% | |
| 13 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 2.00% | +0.34% | +6.17% | |
| 14 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 1.92% | — | -0.24% | |
| 15 | SO | Southern Co/the | Stock-Utilities | 1.78% | +0.14% | +0.03% | |
| 16 | IVW | Ishares S&p 500 Growth ETF | ETF-Large Cap & Growth | 1.70% | -0.29% | -5.08% | |
| 17 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.56% | — | +15.56% | |
| 18 | XLE | Ss Energy Select Sector | ETF-Other | 1.50% | +0.45% | +6.76% | |
| 19 | MA | Mastercard INC - A | Stock-Financials | 1.39% | — | +7.04% | |
| 20 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 1.37% | — | -0.08% | |
| 21 | VTV | Vanguard Value ETF | ETF-Other | 1.33% | — | -3.57% | |
| 22 | XOM | Exxon Mobil CORP | Stock-Energy | 1.32% | +0.35% | -1.50% | |
| 23 | AMD | Advanced Micro Devices | Stock-Tech | 1.20% | +0.14% | +20.97% | |
| 24 | CAT | Caterpillar INC | Stock-Industrials | 1.16% | +0.26% | +5.72% | |
| 25 | ABT | Abbott Laboratories | Stock-Healthcare | 1.13% | -0.22% | +4.36% | |
| 26 | QLV | Flexshares US Quality Low Vo | ETF-Other | 1.07% | — | +5.16% | |
| 27 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.01% | +0.11% | -2.60% | |
| 28 | TJX | Tjx Companies INC | Stock-Consumer Disc | 0.99% | +0.09% | +7.63% | |
| 29 | LOW | Lowe's Cos INC | Stock-Consumer Disc | 0.94% | — | -2.76% | |
| 30 | AVGO | Broadcom INC | Stock-Tech | 0.93% | +0.41% | +103.48% | |
| 31 | TFC | Truist Financial CORP | Stock-Financials | 0.91% | — | -2.89% | |
| 32 | CSCO | Cisco Systems INC | Stock-Tech | 0.88% | — | -0.28% | |
| 33 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.87% | — | +1.59% | |
| 34 | GD | General Dynamics CORP | Stock-Industrials | 0.86% | — | -1.90% | |
| 35 | RTX | Rtx CORP | Stock-Industrials | 0.86% | — | +5.45% | |
| 36 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.85% | — | -1.60% | |
| 37 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.84% | -0.18% | -1.79% | |
| 38 | COR | Cencora INC | Stock-Healthcare | 0.80% | — | +4.52% | |
| 39 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.79% | — | -0.99% | |
| 40 | ADI | Analog Devices INC | Stock-Tech | 0.77% | — | -2.24% | |
| 41 | CVX | Chevron CORP | Stock-Energy | 0.77% | +0.18% | -2.09% | |
| 42 | ORCL | Oracle CORP | Stock-Tech | 0.74% | -0.30% | -3.67% | |
| 43 | NFLX | Netflix INC | Stock-Comm Services | 0.73% | +0.12% | +19.16% | |
| 44 | PANW | Palo Alto Networks INC | Stock-Tech | 0.71% | — | +5.17% | |
| 45 | GSK | Gsk Plc-spon Adr | Stock-Healthcare | 0.70% | — | +2.00% | |
| 46 | BX | Blackstone INC | Stock-Financials | 0.70% | — | +21.91% | |
| 47 | CRM | Salesforce INC | Stock-Tech | 0.69% | -0.38% | -7.07% | |
| 48 | NSC | Norfolk Southern CORP | Stock-Industrials | 0.67% | -0.46% | -39.40% | |
| 49 | GLD | Spdr Gold Shares | ETF-Commodities | 0.61% | +0.23% | +50.65% | |
| 50 | C | Citigroup INC | Stock-Financials | 0.61% | — | +1.46% |
Performance for Q3 2026
+2%
Performance Last 4 Quarters
+19%
Based on 80% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 124 | $300.6M | 17 | |
| 2025-12-31 | 124 | $294.9M | 14 | |
| 2025-09-30 | 119 | $287.8M | 28 | |
| 2025-06-30 | 116 | $261.3M | 0 | |
| 2025-03-31 | 113 | $242.0M | 100 | |
| 2024-12-31 | 108 | $236.7M | 0 | |
| 2024-09-30 | 103 | $216.8M | 0 | |
| 2024-06-30 | 94 | $200.4M | 0 | |
| 2024-03-31 | 95 | $196.7M | 0 | |
| 2023-12-31 | 90 | $181.3M | 0 | |
| 2023-09-30 | 89 | $167.3M | 0 | |
| 2023-06-30 | 90 | $175.6M | 0 | |
| 2023-03-31 | 86 | $170.7M | 0 | |
| 2022-12-31 | 85 | $163.0M | 0 | |
| 2022-09-30 | 85 | $150.2M | 0 | |
| 2022-06-30 | 86 | $161.0M | 0 | |
| 2022-03-31 | 89 | $188.6M | 0 | |
| 2021-12-31 | 91 | $186.5M | 0 | |
| 2021-09-30 | 85 | $157.7M | 0 | |
| 2021-06-30 | 84 | $148.4M | 100 | |
| 2021-03-31 | 82 | $142.5M | 12 | |
| 2020-12-31 | 80 | $139.9M | 18 | |
| 2020-09-30 | 78 | $119.9M | 14 | |
| 2020-06-30 | 74 | $106.2M | 42 | |
| 2020-03-31 | 71 | $96.8M | 42 | |
| 2019-12-31 | 75 | $147.7M | 13 | |
| 2019-09-30 | 77 | $134.9M | 13 | |
| 2019-06-30 | 76 | $127.9M | 14 | |
| 2019-03-31 | 78 | $125.6M | 19 | |
| 2018-12-31 | 75 | $108.4M | 19 | |
| 2018-09-30 | 76 | $126.5M | 12 | |
| 2018-06-30 | 70 | $116.2M | 11 | |
| 2018-03-31 | 70 | $110.1M | 13 | |
| 2017-12-31 | 72 | $116.8M | 19 | |
| 2017-09-30 | 70 | $106.7M | 16 | |
| 2017-06-30 | 71 | $107.8M | 11 | |
| 2017-03-31 | 72 | $105.1M | 15 | |
| 2016-12-31 | 68 | $98.0M | — |
United Bank's most significant position changes for 2026-03-31: New buy: Cvs Health CORP (CVS); Sold out: Servicenow INC (NOW); New buy: Ss Comm Select Sector Spdr (XLC); Sold out: Chipotle Mexican Grill INC (CMG); New buy: Jpmorgan Equity Premium Inco (JEPI).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | GUNR | Flexshares Global Upstream N | +1.2% | +20.52% | Add |
| 2 | XLE | Ss Energy Select Sector | +0.5% | +6.76% | Add |
| 3 | NFRA | Flexshares Stoxx Global Broa | +0.4% | +8.42% | Add |
| 4 | AVGO | Broadcom INC | +0.4% | +103.48% | Add |
| 5 | XOM | Exxon Mobil CORP | +0.4% | -1.50% | Trim |
| 6 | COST | Costco Wholesale CORP | +0.3% | +6.17% | Add |
| 7 | EMR | Emerson Electric Co | +0.3% | +128.08% | Add |
| 8 | MDT | Medtronic plc | +0.3% | +132.12% | Add |
| 9 | FCX | Freeport-mcmoran INC | +0.3% | +103.50% | Add |
| 10 | CAT | Caterpillar INC | +0.3% | +5.72% | Add |
| 11 | SCHD | Schwab US Dvd Equity ETF | +0.3% | +2.77% | Add |
| 12 | YUM | Yum! Brands INC | +0.2% | +122.21% | Add |
| 13 | GLD | Spdr Gold Shares | +0.2% | +50.65% | Add |
| 14 | PEP | Pepsico INC | +0.2% | +244.85% | Add |
| 15 | BA | Boeing Co/the | +0.2% | +96.15% | Add |
| 16 | CVX | Chevron CORP | +0.2% | -2.09% | Trim |
| 17 | ETN | Eaton Corporation plc | +0.2% | +24.01% | Add |
| 18 | VOO | Vanguard S&p 500 ETF | +0.2% | +145.42% | Add |
| 19 | SO | Southern Co/the | +0.1% | +0.03% | Add |
| 20 | AMD | Advanced Micro Devices | +0.1% | +20.97% | Add |
| 21 | FDL | First Trust Morn Dvd Lead In | +0.1% | +89.99% | Add |
| 22 | KO | Coca-cola Co/the | +0.1% | -1.31% | Trim |
| 23 | NFLX | Netflix INC | +0.1% | +19.16% | Add |
| 24 | JNJ | Johnson & Johnson | +0.1% | -2.60% | Trim |
| 25 | TJX | Tjx Companies INC | +0.1% | +7.63% | Add |
| 26 | ADBE | Adobe INC | -0.1% | +1.36% | Add |
| 27 | HON | Honeywell International INC | -0.2% | -29.96% | Trim |
| 28 | LLY | Eli Lilly & Co | -0.2% | -1.79% | Trim |
| 29 | MDLZ | Mondelez International Inc-a | -0.2% | -47.86% | Trim |
| 30 | AMZN | Amazon.com INC | -0.2% | +6.23% | Add |
| 31 | IBM | Intl Business Machines CORP | -0.2% | -33.88% | Trim |
| 32 | ABT | Abbott Laboratories | -0.2% | +4.36% | Add |
| 33 | XLK | Ss Technology Select Sector | -0.2% | +4.12% | Add |
| 34 | MRSH | Marsh & Mclennan Cos | -0.2% | -50.54% | Trim |
| 35 | JPM | Jpmorgan Chase & Co | -0.3% | +1.20% | Add |
| 36 | XLV | Ss Health Care Select Sector | -0.3% | -39.00% | Trim |
| 37 | IVW | Ishares S&p 500 Growth ETF | -0.3% | -5.08% | Trim |
| 38 | ORCL | Oracle CORP | -0.3% | -3.67% | Trim |
| 39 | CRM | Salesforce INC | -0.4% | -7.07% | Trim |
| 40 | NSC | Norfolk Southern CORP | -0.5% | -39.40% | Trim |
| 41 | MSFT | Microsoft CORP | -0.5% | +15.64% | Add |
| 42 | GOOGL | Alphabet Inc-cl A | -0.5% | -0.04% | Trim |
| 43 | XLRE | Ss Real Estate Select Sector | -1% | -79.64% | Trim |
| 44 | CVS | Cvs Health CORP | — | NEW | New buy |
| 45 | NOW | Servicenow INC | — | EXIT | Sold out |
| 46 | XLC | Ss Comm Select Sector Spdr | — | NEW | New buy |
| 47 | CMG | Chipotle Mexican Grill INC | — | EXIT | Sold out |
| 48 | JEPI | Jpmorgan Equity Premium Inco | — | NEW | New buy |
| 49 | QLVD | Flexshares Developed Markets | — | NEW | New buy |
| 50 | FDVV | Fidelity High Dividend ETF | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-01 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-05 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-12 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-29 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-06 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-12 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-01 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-23 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-10 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-13 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-10-27 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-07 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-12 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-10 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-10 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-05 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-09 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-11 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-12 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-07-26 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-12 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-11 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-10 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-05 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-08 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-03 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-08 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-07-22 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-01 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-11 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-05 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-09 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-07 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-07 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-08 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-07-31 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-08 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-10 | 13F-HR | View on EDGAR |
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