FIRST UNITED BANK & TRUST
SEC Form 13F institutional filer · CIK 0001214183
13F-HR · 241 reported holdings · 2026-03-31
Reported long-US-equity value
$0.22B
Top-10 concentration
51.1%
FIRST UNITED BANK & TRUST — $221M AUM allocation strategy
FIRST UNITED BANK & TRUST files SEC Form 13F and reports $221M of long US equity value across 241 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 9.6%, followed by Financials 9.4% and Consumer Discretionary 3.8%.
The top 10 holdings account for 51% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
FIRST UNITED BANK & TRUST — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$221M
total across 241 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
51% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$IVV +64.8K sh · +$5M+$VB +6.91K sh · +$1.88M+$IYY +6.38K sh · +$1.47M
Biggest trims (shares)
−$ANET −11.6K sh · −$1.75M−$IVZ −8.65K sh · +$590K−$NVDA −6.78K sh · −$1.53M
Exited to nil (held last quarter, gone now)
$PYPL ($60.7K last qtr)$TTWO ($10.2K last qtr)$AMT ($7.9K last qtr)$LYV ($4.42K last qtr)$MLM ($3.11K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Asset Management & Custody Banks6.2%—
- Technology Hardware, Storage & Peripherals3.9%—
- Diversified Banks3.2%—
- Systems Software2.4%—
- Interactive Media & Services2.2%—
- Semiconductors1.8%—
- Communications Equipment1.6%—
- Restaurants1.4%—
- Other holdings77.4%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
4 of 4 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $IVZ | Invesco Ltd | 142K | $13.6M | -8.65K | 6.2% |
| $AAPL | Apple Inc | 33.9K | $8.6M | -2.24K | 3.9% |
| $MSFT | Microsoft Corporation | 14.6K | $5.42M | -726 | 2.4% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 17.2K | $4.95M | -5.38K | 2.2% |
…and 237 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
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How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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