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Livermore
Livermore
ZHEN

First National Trust Co

SEC CIK
0001277303
Latest filing
Jul 30, 2026

The latest 13F from First National Trust Co covers Q2 2026 (filed Jul 30, 2026): 382 long positions worth $2.95B. The top 10 holdings make up 32.3% of the portfolio, and the largest is State Street SPDR Portfolio S&P 500 Growth ETF at 4.7%. Livermore has 22 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
31
Est. +$25.0M
Added
75
Est. +$46.0M
Reduced
223
Est. −$263.7M
Sold out
56
Est. −$87.2M

Top 5 holdings

Share of this quarter's portfolio value

  1. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    4.7%$138.5M
  2. AAPLApple Inc.
    4.4%$130.5MHistory
  3. State Street SPDR Portfolio S&P 500 Value ETF78464A508
    3.9%$115.4M
  4. iShares Core MSCI Eafe ETF46432F842
    3.4%$100.9M
  5. NVDANVIDIA Corp
    3.2%$93.8MHistory

Share of portfolio

Top 5 holdings and the other 377 positions, by share of portfolio value

  1. State Street SPDR Portfolio S&P 500 Growth ETF4.7%
  2. AAPL4.4%
  3. State Street SPDR Portfolio S&P 500 Value ETF3.9%
  4. iShares Core MSCI Eafe ETF3.4%
  5. NVDA3.2%
  6. Other 377 positions80.3%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Total Bond Market ETF921937835
    +$8.34MAdded
  2. HONHoneywell International Inc
    +$8.14MNewHistory
  3. HONAHoneywell Aerospace Inc.
    +$8.04MNewHistory
  4. MUMicron Technology Inc
    +$7.92MAddedHistory
  5. J P Morgan Exchange Traded F46654Q575
    +$2.74MAdded

Largest weight increases

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

  1. MUMicron Technology Inc
    +0.32 pp<0.1% → 0.3%History
  2. Vanguard Total Bond Market ETF921937835
    +0.28 pp<0.1% → 0.3%
  3. HONHoneywell International Inc
    +0.28 pp0.0% → 0.3%History
  4. SPYSPDR S&P 500 ETF Trust
    +0.27 pp1.7% → 2.0%History
  5. HONAHoneywell Aerospace Inc.
    +0.27 pp0.0% → 0.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. AAPLApple Inc.
    −$28.5MReducedHistory
  2. HONHoneywell International Inc
    −$18.6MSold outHistory
  3. NVDANVIDIA Corp
    −$15.5MReducedHistory
  4. GOOGLAlphabet Inc.
    −$12.5MReducedHistory
  5. STXSeagate Technology Holdings plc
    −$11.8MReducedHistory

Largest weight decreases

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

  1. HONHoneywell International Inc
    −0.63 pp0.6% → 0.0%History
  2. GLDSPDR Gold Trust
    −0.52 pp2.9% → 2.4%History
  3. XOMExxonMobil Holdings Corp
    −0.35 pp1.2% → 0.8%History
  4. MSFTMicrosoft Corp
    −0.33 pp2.9% → 2.6%History
  5. AAPLApple Inc.
    −0.32 pp4.8% → 4.4%History

Metrics

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

Portfolio value
$2.95B
+$10.9M (+0.4%) vs. prior quarter
Positions
382
−25 vs. prior quarter
Top 10 concentration
32.3%
Top 10 as share of value
Turnover
2.4%
Q2 2026, one quarter
Average holding period
19.2 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

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

Peak $3.00B (Q4 2025)

Q1 2021: $1.53BQ2 2021: $1.64BQ3 2021: $1.67BQ4 2021: $1.90BQ1 2022: $1.93BQ2 2022: $1.78BQ3 2022: $1.72BQ4 2022: $1.89BQ1 2023: $1.88BQ2 2023: $2.16BQ3 2023: $2.10BQ4 2023: $2.28BQ1 2024: $2.46BQ2 2024: $2.43BQ3 2024: $2.59BQ4 2024: $2.66BQ1 2025: $2.48BQ2 2025: $2.67BQ3 2025: $2.92BQ4 2025: $3.00BQ1 2026: $2.93BQ2 2026: $2.95B
Q1 2021Q2 2026
13F filings of First National Trust Co by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 30, 2026382$2.95BState Street SPDR Portfolio S&P 500 Growth ETFAAPLState Street SPDR Portfolio S&P 500 Value ETFvs. Q1 2026SEC
Q1 2026May 7, 2026407$2.93BAAPLState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q4 2025SEC
Q4 2025Feb 9, 2026403$3.00BAAPLState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q3 2025SEC
Q3 2025Nov 6, 2025406$2.92BAAPLState Street SPDR Portfolio S&P 500 Growth ETFMSFTvs. Q2 2025SEC
Q2 2025Aug 1, 2025390$2.67BAAPLState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q1 2025SEC
Q1 2025May 8, 2025387$2.48BAAPLState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio S&P 500 Growth ETFvs. Q4 2024SEC
Q4 2024Feb 10, 2025401$2.66BAAPLState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q3 2024SEC
Q3 2024Nov 5, 2024395$2.59BAAPLState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q2 2024SEC
Q2 2024Aug 2, 2024390$2.43BAAPLState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFvs. Q1 2024SEC
Q1 2024Apr 26, 2024386$2.46BState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 Value ETFAAPLvs. Q4 2023SEC
Q4 2023Feb 6, 2024379$2.28BAAPLState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR Portfolio S&P 500 Growth ETFvs. Q3 2023SEC
Q3 2023Nov 6, 2023374$2.10BAAPLMSFTGLDvs. Q2 2023SEC
Q2 2023Aug 1, 2023382$2.16BAAPLMSFTGLDvs. Q1 2023SEC
Q1 2023Apr 26, 2023381$1.88BMSFTSPYSPDR Series Trustvs. Q4 2022SEC
Q4 2022Feb 2, 2023375$1.89BAAPLSPYMSFTvs. Q3 2022SEC
Q3 2022Nov 2, 2022364$1.72BAAPLSPYMSFTvs. Q2 2022SEC
Q2 2022Aug 3, 2022371$1.78BAAPLMSFTSPYvs. Q1 2022SEC
Q1 2022May 3, 2022384$1.93BAAPLSPYMSFTvs. Q4 2021SEC
Q4 2021Feb 3, 2022383$1.90BAAPLMSFTGLDvs. Q3 2021SEC
Q3 2021Nov 5, 2021359$1.67BGLDMSFTAAPLvs. Q2 2021SEC
Q2 2021Aug 6, 2021349$1.64BGLDMSFTAAPLvs. Q1 2021SEC
Q1 2021May 6, 2021336$1.53BGLDMSFTAAPL–SEC