First National Advisers, LLC
SEC Form 13F institutional filer · CIK 0001941030
13F-HR · 138 reported holdings · 2026-03-31
Reported long-US-equity value
$0.49B
Top-10 concentration
40.9%
First National Advisers, LLC — $488M AUM allocation strategy
First National Advisers, LLC files SEC Form 13F and reports $488M of long US equity value across 138 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 23.0%, followed by Communication Services 8.8% and Financials 5.6%.
The top 10 holdings account for 41% of reported value — a broadly spread portfolio. 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 National Advisers, LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$488M
total across 138 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
41% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$ZBH +7.37K sh · +$668K+$SO +6.02K sh · +$921K+$CCI +5.73K sh · +$443K
Biggest trims (shares)
−$IVV −68.7K sh · −$1.8M−$NVDA −23.7K sh · −$6.66M−$GLW −16.9K sh · −$86.4K
Exited to nil (held last quarter, gone now)
$IR ($3.54M last qtr)$BRO ($2.79M last qtr)$SYF ($2.73M last qtr)$CDW ($434K last qtr)$UNH ($381K 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)
- Semiconductors9.6%—
- Interactive Media & Services8.8%—
- Technology Hardware, Storage & Peripherals7.9%—
- Systems Software5.5%—
- Broadline Retail3.9%—
- Aerospace & Defense3.8%—
- Diversified Banks2.8%—
- Consumer Staples Merchandise Retail2.6%—
- Other holdings55.1%—
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
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $AAPL | Apple Inc | 153K | $38.7M | -10.3K | 7.9% |
| $NVDA | NVIDIA Corporation | 186K | $32.4M | -23.7K | 6.6% |
| $MSFT | Microsoft Corporation | 72.3K | $26.7M | -7.98K | 5.5% |
| $GOOGL | Alphabet Inc | 75K | $21.5M | -12.6K | 4.4% |
| $AMZN | Amazon.com Inc | 91.2K | $19M | -1.66K | 3.9% |
| $AVGO | Broadcom Inc | 46.3K | $14.3M | -3K | 2.9% |
| $JPM | JP Morgan Chase & Co | 47.7K | $14M | -5.72K | 2.9% |
| $META | Meta Platforms Inc | 22.4K | $12.8M | -1.14K | 2.6% |
| $HONA | Honeywell Aerospace Inc | 16 | $11.5M | +0 | 2.4% |
| $LLY | Eli Lilly and Company | 9.58K | $8.81M | -780 | 1.8% |
…and 128 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
← All 13F filers·← QuantOrb.pro
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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