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Livermore
Livermore
ZHEN

First National Bank

SEC CIK
0000765207
Latest filing
Aug 11, 2026

The latest 13F from First National Bank covers Q2 2026 (filed Aug 11, 2026): 531 long positions worth $253.4M. The top 10 holdings make up 45.4% of the portfolio, and the largest is First Bancorp, Inc (FNLC) at 10.1%. Livermore has 21 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
400
Est. +$20.6M
Added
37
Est. +$8.12M
Reduced
49
Est. −$2.55M
Sold out
1
Est. −$479.9K

Top 5 holdings

Share of this quarter's portfolio value

  1. FNLCFirst Bancorp, Inc
    10.1%$25.7MHistory
  2. Dimensional Emerging Core Equity Market ETF25434V302
    7.1%$18.0M
  3. Dimensional U.S. Small Cap ETF25434V500
    6.7%$17.0M
  4. Vanguard Morningstar Mid-Cap ETF922908629
    5.0%$12.6M
  5. Vanguard Ftse Developed Markets ETF921943858
    4.9%$12.5M

Biggest buys

New and added positions, by estimated amount bought

  1. Dimensional U.S. Small Cap ETF25434V500
    +$2.38MAdded
  2. GLDSPDR Gold Trust
    +$1.19MAddedHistory
  3. Vanguard Morningstar Value ETF922908744
    +$744.2KAdded
  4. Vanguard Utilities ETF92204A876
    +$567.6KAdded
  5. Vanguard Consumer Discretionary ETF92204A108
    +$396.6KAdded

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. Dimensional U.S. Small Cap ETF25434V500
    +0.43 pp6.3% → 6.7%
  2. INTCIntel Corp
    +0.28 pp0.2% → 0.4%History
  3. GLDSPDR Gold Trust
    +0.21 pp0.8% → 1.0%History
  4. Vanguard Ftse All-World Ex-US Index Fund922042775
    +0.14 pp0.0% → 0.1%
  5. CSCOCisco Systems, Inc.
    +0.12 pp0.4% → 0.5%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Information Technology ETF92204A702
    −$956.2KReducedConverted for a 8-for-1 split
  2. HONHoneywell International Inc
    −$479.9KSold outHistory
  3. EMREmerson Electric Co
    −$180.4KReducedHistory
  4. Vanguard Energy ETF92204A306
    −$139.6KReduced
  5. Vanguard S&P 500 ETF922908363
    −$138.7KReduced

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. XOMExxonMobil Holdings Corp
    −0.61 pp1.6% → 1.0%History
  2. MSFTMicrosoft Corp
    −0.35 pp1.7% → 1.4%History
  3. iShares MSCI Eafe ETF464287465
    −0.27 pp1.8% → 1.5%
  4. Vanguard S&P 500 Value ETF921932703
    −0.27 pp1.8% → 1.6%
  5. HONHoneywell International Inc
    −0.24 pp0.2% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$253.4M
+$52.2M (+26.0%) vs. prior quarter
Positions
531
+399 vs. prior quarter
Top 10 concentration
45.4%
Top 10 as share of value
Turnover
1.3%
Q2 2026, one quarter
Average holding period
15.1 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

21 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $253.4M (Q2 2026)

Q1 2021: $101.4MQ3 2021: $105.5MQ4 2021: $114.8MQ1 2022: $109.2MQ2 2022: $105.7MQ3 2022: $110.4MQ4 2022: $119.1MQ1 2023: $116.7MQ2 2023: $121.2MQ3 2023: $114.7MQ4 2023: $126.5MQ1 2024: $132.1MQ2 2024: $135.3MQ3 2024: $143.8MQ4 2024: $146.2MQ1 2025: $153.9MQ2 2025: $174.1MQ3 2025: $187.9MQ4 2025: $188.1MQ1 2026: $201.2MQ2 2026: $253.4M
Q1 2021Q2 2026
13F filings of First National Bank by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 11, 2026531$253.4MFNLCDimensional Emerging Core Equity Market ETFDimensional U.S. Small Cap ETFvs. Q1 2026SEC
Q1 2026Apr 20, 2026132$201.2MFNLCDimensional Emerging Core Equity Market ETFDimensional U.S. Small Cap ETFvs. Q4 2025SEC
Q4 2025Jan 26, 2026127$188.1MFNLCDimensional Emerging Core Equity Market ETFVanguard Morningstar Mid-Cap ETFvs. Q3 2025SEC
Q3 2025Oct 23, 2025130$187.9MFNLCDimensional Emerging Core Equity Market ETFVanguard Morningstar Mid-Cap ETFvs. Q2 2025SEC
Q2 2025Jul 29, 2025129$174.1MFNLCDimensional Emerging Core Equity Market ETFVanguard Morningstar Mid-Cap ETFvs. Q1 2025SEC
Q1 2025Apr 22, 2025121$153.9MFNLCVanguard Morningstar Mid-Cap ETFVanguard Ftse Developed Markets ETFvs. Q4 2024SEC
Q4 2024Jan 21, 2025119$146.2MFNLCVanguard Morningstar Mid-Cap ETFVanguard Ftse Developed Markets ETFvs. Q3 2024SEC
Q3 2024Oct 18, 2024120$143.8MFNLCVanguard Ftse Developed Markets ETFVanguard Morningstar Mid-Cap ETFvs. Q2 2024SEC
Q2 2024Jul 23, 2024117$135.3MFNLCVanguard Ftse Developed Markets ETFVanguard Morningstar Mid-Cap ETFvs. Q1 2024SEC
Q1 2024Apr 15, 2024118$132.1MFNLCVanguard Ftse Developed Markets ETFVanguard Morningstar Mid-Cap ETFvs. Q4 2023SEC
Q4 2023Jan 23, 2024115$126.5MFNLCVanguard Ftse Developed Markets ETFVanguard Morningstar Mid-Cap ETFvs. Q3 2023SEC
Q3 2023Oct 23, 2023110$114.7MFNLCVanguard Ftse Developed Markets ETFVanguard Morningstar Mid-Cap ETFvs. Q2 2023SEC
Q2 2023Jul 19, 2023111$121.2MFNLCVanguard Ftse Developed Markets ETFVanguard Morningstar Mid-Cap ETFvs. Q1 2023SEC
Q1 2023Apr 24, 2023109$116.7MFNLCVanguard Ftse Developed Markets ETFVanguard Morningstar Mid-Cap ETFvs. Q4 2022SEC
Q4 2022Feb 1, 2023112$119.1MFNLCVanguard Ftse Developed Markets ETFVanguard Morningstar Mid-Cap ETFvs. Q3 2022SEC
Q3 2022Oct 24, 2022107$110.4MFNLCVanguard Ftse Developed Markets ETFVanguard Morningstar Mid-Cap ETFvs. Q2 2022SEC
Q2 2022Jul 14, 2022104$105.7MFNLCVanguard Ftse Developed Markets ETFVanguard Morningstar Mid-Cap ETFvs. Q1 2022SEC
Q1 2022Apr 25, 2022106$109.2MFNLCAAPLVanguard Morningstar Mid-Cap ETFvs. Q4 2021SEC
Q4 2021Jan 28, 2022106$114.8MFNLCVanguard Morningstar Mid-Cap ETFAAPLvs. Q3 2021SEC
Q3 2021Oct 19, 2021104$105.5MFNLCVanguard Morningstar Mid-Cap ETFVanguard Ftse Developed Markets ETF–SEC
Q1 2021May 12, 2021101$101.4MFNLCVanguard Morningstar Mid-Cap ETFVanguard Ftse Developed Markets ETF–SEC