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Asset Manager ← All Institutions

First National Advisers, LLC

14010 FNB PARKWAY STOP 8121, OMAHA, NE 68154 • 402-602-8441

Q4 2025 · Filed 2026-02-04
Market Value
$726M
-1.3%
Holdings
244
+12
New Purchases
17
Added To
46
Closed
10
Reduced
150
Top 10 Concentration
38.7%
Turnover
11.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOG 3.79% 2.96% +0.82% $28M
SCHW 0.70% 0.10% +0.61% $5M
DFAI 6.65% 6.05% +0.60% $48M
LLY 1.53% 1.06% +0.47% $11M
MWA 0.43% 0.00% +0.43% $3M
MIR 0.36% 0.00% +0.36% $3M
TMO 0.53% 0.20% +0.33% $4M
NVT 0.30% 0.00% +0.30% $2M
GOOGL 1.27% 0.99% +0.28% $9M
TSLA 1.00% 0.75% +0.25% $7M
AVGO 2.35% 2.11% +0.23% $17M
AAPL 6.09% 5.87% +0.22% $44M
VTI 0.89% 0.69% +0.20% $6M
CRM 0.15% 0.00% +0.15% $1M
BRK-B 0.94% 0.80% +0.14% $7M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ZTS 0.05% 0.61% -0.56% $348K
MANH 0.05% 0.51% -0.45% $381K
MSFT 5.34% 5.78% -0.44% $39M
FI 0.03% 0.44% -0.41% $218K
TKR 0.00% 0.38% -0.38% $0
PAYC 0.07% 0.36% -0.29% $497K
META 2.14% 2.36% -0.22% $16M
BAX 0.00% 0.19% -0.19% $0
RHI 0.10% 0.24% -0.14% $697K
CDW 0.06% 0.20% -0.14% $434K
PCT 0.25% 0.38% -0.13% $2M
MTZ 0.66% 0.79% -0.13% $5M
BLK 0.62% 0.75% -0.13% $4M
MDLZ 0.18% 0.31% -0.12% $1M
COST 0.79% 0.91% -0.12% $6M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 31.7%
Technology 23.3%
Industrials 8.9%
Consumer Cyclical 7.5%
Communication Services 7.4%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 54 $377M 51.9%
Large Cap 136 $303M 41.7%
Mid Cap 48 $40M 5.5%
Small Cap 6 $7M 1.0%

Portfolio Analytics

Avg Market Cap
$247.0B
Median Market Cap
$50.6B
Avg P/E
35.8
Median P/E
24.3
Avg Dividend Yield
0.02%
Avg Beta
0.94
# Stocks
212
# ETFs / Funds
32

Top Holdings (244 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 DFAI 6.65% 1,267,804 $48M $38.11 $4M +42,576 +3.5%
2 AAPL 6.09% 162,773 $44M $271.86 $1M -6,967 -4.1%
3 NVDA 5.38% 209,439 $39M $186.50 -$1M -6,586 -3.0%
4 MSFT 5.34% 80,236 $39M $483.62 -$4M -1,940 -2.4%
5 GOOG 3.79% 87,636 $28M $313.80 $6M -1,914 -2.1%
6 AMZN 2.95% 92,823 $21M $230.82 $701K -1,559 -1.6%
7 JPM 2.37% 53,386 $17M $322.22 -$507K -2,759 -4.9%
8 AVGO 2.35% 49,317 $17M $346.10 $1M +2,123 +4.5%
9 META 2.14% 23,539 $16M $660.09 -$2M -153 -0.7%
10 JEPI 1.70% 215,279 $12M $57.24 -$450K -8,419 -3.8%
11 BRK-A 1.66% 16 $12M $754,800.00 $10K
12 LLY 1.53% 10,362 $11M $1,074.61 $3M +153 +1.5%
13 GOOGL 1.27% 29,512 $9M $312.99 $2M -431 -1.4%
14 MA 1.08% 13,680 $8M $570.92 -$171K -351 -2.5%
15 RTX 1.07% 42,397 $8M $183.41 $488K -1,155 -2.6%
16 ABT 1.07% 61,972 $8M $125.29 -$835K -2,232 -3.5%
17 TSLA 1.00% 16,204 $7M $449.74 $2M +3,713 +29.7%
18 NEE 0.97% 87,993 $7M $80.28 -$440K -11,411 -11.5%
19 BRK-B 0.94% 13,570 $7M $502.65 $942K +1,877 +16.1%
20 AMGN 0.92% 20,389 $7M $327.31 $541K -1,342 -6.2%
21 VTI 0.89% 19,212 $6M $335.26 $1M +3,778 +24.5%
22 WMT 0.88% 57,092 $6M $111.40 $364K -1,086 -1.9%
23 XOM 0.82% 49,482 $6M $120.33 $292K -732 -1.5%
24 WFC 0.80% 62,742 $6M $93.20 $455K -1,592 -2.5%
25 COST 0.79% 6,666 $6M $862.34 -$975K -597 -8.2%
26 ABBV 0.75% 23,775 $5M $228.48 -$19K +229 +1.0%
27 ORCL 0.70% 26,273 $5M $194.89 -$936K +4,741 +22.0%
28 SCHW 0.70% 51,206 $5M $99.92 $4M +43,793 +590.8%
29 MTZ 0.66% 22,139 $5M $217.38 -$1M -5,300 -19.3%
30 APH 0.65% 35,190 $5M $135.15 -$469K -7,025 -16.6%
31 PEP 0.65% 32,901 $5M $143.52 -$5K -755 -2.2%
32 MS 0.64% 26,224 $5M $177.54 -$516K -6,315 -19.4%
33 BKNG 0.64% 865 $5M $5,355.21 -$778K -137 -13.7%
34 BLK 0.62% 4,195 $4M $1,070.37 -$1M -521 -11.1%
35 CB 0.62% 14,338 $4M $312.09 $365K -225 -1.6%
36 CSX 0.61% 122,493 $4M $36.25 $123K +900 +0.7%
37 AME 0.61% 21,528 $4M $205.30 $298K -398 -1.8%
38 WM 0.60% 19,960 $4M $219.70 -$148K -568 -2.8%
39 HD 0.60% 12,668 $4M $344.07 -$888K -281 -2.2%
40 ANET 0.57% 31,605 $4M $131.03 -$428K +244 +0.8%
41 TJX 0.57% 26,777 $4M $153.61 -$229K -3,264 -10.9%
42 CME 0.56% 14,773 $4M $273.10 -$31K -277 -1.8%
43 GLW 0.55% 45,767 $4M $87.56 -$920K -14,292 -23.8%
44 EOG 0.55% 38,038 $4M $105.02 -$439K -1,501 -3.8%
45 ORLY 0.53% 42,565 $4M $91.21 -$749K -393 -0.9%
46 TMO 0.53% 6,646 $4M $579.52 $2M +3,639 +121.0%
47 KO 0.52% 53,694 $4M $69.91 -$456K -9,787 -15.4%
48 BK 0.51% 31,911 $4M $116.10 $400K +1,584 +5.2%
49 VOO 0.51% 5,905 $4M $627.13 $273K +304 +5.4%
50 CTAS 0.50% 19,392 $4M $188.08 -$416K -403 -2.0%
51 CVX 0.50% 23,891 $4M $152.41 -$326K -1,651 -6.5%
52 LIN 0.50% 8,451 $4M $426.34 -$292K +252 +3.1%
53 MCO 0.50% 7,050 $4M $510.88 $166K -159 -2.2%
54 EW 0.49% 41,479 $4M $85.25 $258K -669 -1.6%
55 IR 0.49% 44,637 $4M $79.21 $322K +5,739 +14.8%
56 MCHP 0.48% 54,265 $3M $63.72 -$176K -2,314 -4.1%
57 NSSC 0.47% 82,656 $3M $41.70 -$153K -1,156 -1.4%
58 LFUS 0.47% 13,612 $3M $252.95 -$3K +307 +2.3%
59 SO 0.44% 36,509 $3M $87.21 -$567K -3,076 -7.8%
60 ETN 0.44% 9,939 $3M $318.49 -$678K -333 -3.2%
61 MWA 0.43% 132,180 $3M $23.82 +132,180 NEW
62 CFR 0.43% 24,512 $3M $126.63 -$445K -3,480 -12.4%
63 MKL 0.42% 1,433 $3M $2,149.65 -$444K -411 -22.3%
64 BR 0.42% 13,697 $3M $223.17 -$566K -1,512 -9.9%
65 UTHR 0.42% 6,269 $3M $487.19 -$439K -2,064 -24.8%
66 BCPC 0.42% 19,820 $3M $153.34 $645K +3,863 +24.2%
67 FICO 0.41% 1,773 $3M $1,690.71 $213K -88 -4.7%
68 ACN 0.41% 11,060 $3M $268.28 $148K -374 -3.3%
69 RCL 0.39% 10,197 $3M $278.89 -$533K -241 -2.3%
70 FAF 0.39% 46,121 $3M $61.43 -$176K -728 -1.6%
71 MPWR 0.39% 3,091 $3M $906.24 -$19K +28 +0.9%
72 BRO 0.38% 35,009 $3M $79.70 -$595K -1,089 -3.0%
73 DIS 0.38% 24,025 $3M $113.77 -$3K +122 +0.5%
74 SYF 0.38% 32,696 $3M $83.43 $339K -926 -2.8%
75 DG 0.37% 20,275 $3M $132.76 $662K +637 +3.2%
76 MIR 0.36% 111,199 $3M $23.42 +111,199 NEW
77 PWR 0.36% 6,145 $3M $422.06 -$378K -1,025 -14.3%
78 PTC 0.35% 14,713 $3M $174.21 -$480K -278 -1.9%
79 EQH 0.34% 51,762 $2M $47.66 -$220K -1,131 -2.1%
80 FR 0.34% 43,020 $2M $57.27 -$355K -11,754 -21.5%
81 JNJ 0.34% 11,843 $2M $206.95 -$24K -1,506 -11.3%
82 ATO 0.33% 14,432 $2M $167.62 -$171K -735 -4.8%
83 DGX 0.33% 13,828 $2M $173.55 $47K +1,482 +12.0%
84 RS 0.33% 8,256 $2M $288.93 $438K +1,321 +19.1%
85 XEL 0.33% 32,195 $2M $73.87 -$394K -2,176 -6.3%
86 AMT 0.33% 13,458 $2M $175.57 -$283K -301 -2.2%
87 SN 0.32% 20,870 $2M $111.89 $166K -153 -0.7%
88 TXRH 0.32% 13,987 $2M $166.02 -$13K -70 -0.5%
89 VEA 0.31% 36,400 $2M $62.47 -$107K -3,332 -8.4%
90 FANG 0.31% 14,997 $2M $150.34 $18K -637 -4.1%
91 COP 0.31% 24,080 $2M $93.61 -$120K -1,010 -4.0%
92 CHD 0.30% 26,314 $2M $83.84 -$260K -1,831 -6.5%
93 NVT 0.30% 21,633 $2M $101.97 +21,633 NEW
94 PSX 0.30% 17,064 $2M $129.06 -$113K +36 +0.2%
95 UFPT 0.30% 9,803 $2M $221.99 $104K -574 -5.5%
96 TMUS 0.29% 10,549 $2M $203.08 -$498K -482 -4.4%
97 V 0.29% 5,929 $2M $350.71 $76K +60 +1.0%
98 LOW 0.28% 8,412 $2M $241.16 -$350K -1,051 -11.1%
99 TRV 0.28% 6,938 $2M $290.06 -$525K -2,152 -23.7%
100 PG 0.27% 13,622 $2M $143.31 -$320K -1,162 -7.9%

New Positions

SymbolValue% Port
MWA $3M 0.43%
MIR $3M 0.36%
NVT $2M 0.30%
CRM $1M 0.15%
PM $550K 0.08%
PYPL $492K 0.07%
NFLX $472K 0.06%
CI $435K 0.06%
ZBH $403K 0.06%
AAON $360K 0.05%
BND $318K 0.04%
DT $313K 0.04%
CAVA $271K 0.04%
CCI $269K 0.04%
CHWY $266K 0.04%

Sold Out Positions

SymbolValue% Port
APD —%
BAX —%
MPC —%
TKR —%
MDT —%
SM —%
LNTH —%
MGK —%
SPTM —%
AMBA —%
View SEC EDGAR Filings for First National Advisers, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms