# AMG National Trust Bank

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1388829. Source: https://holderbook.com/funds/1388829-amg-national-trust-bank/

- Reported value: $4.9B
- Positions: 439
- Weight of the ten largest: 42.0%
- Filed: 2026-08-07

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $429.8M | 575,530 | 8.8% | 31 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $426.9M | 3,869,983 | 8.8% | 31 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $247.3M | 823,139 | 5.1% | 31 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $237.4M | 345,692 | 4.9% | 27 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $171.8M | 1,799,901 | 3.5% | 27 |
|  | - | $119.1M | 4,781,409 | 2.4% | 1 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $113.0M | 1,539,023 | 2.3% | 31 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $104.8M | 283,126 | 2.1% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $103.5M | 337,620 | 2.1% | 31 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $96.8M | 236,272 | 2.0% | 31 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $96.2M | 128,402 | 2.0% | 31 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $95.7M | 434,181 | 2.0% | 25 |
|  | - | $91.7M | 3,520,170 | 1.9% | 1 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $90.2M | 933,430 | 1.8% | 27 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $85.9M | 1,004,549 | 1.8% | 17 |
| BALL CORP | [BALL](https://holderbook.com/stocks/BALL/) | $76.4M | 1,223,993 | 1.6% | 31 |
| VANGUARD SCOTTSDALE FDS | [VTWO](https://holderbook.com/stocks/VTWO/) | $76.4M | 628,901 | 1.6% | 7 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $72.2M | 694,941 | 1.5% | 31 |
| ISHARES TR | [ICVT](https://holderbook.com/stocks/ICVT/) | $70.0M | 574,642 | 1.4% | 25 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $68.7M | 853,273 | 1.4% | 31 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $62.9M | 85,397 | 1.3% | 31 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $62.4M | 502,686 | 1.3% | 31 |
| SPDR INDEX SHS FDS | [GNR](https://holderbook.com/stocks/GNR/) | $52.3M | 776,274 | 1.1% | 14 |
| ISHARES TR | [ACWX](https://holderbook.com/stocks/ACWX/) | $51.8M | 680,618 | 1.1% | 31 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $51.5M | 233,018 | 1.1% | 31 |
| ISHARES TR | [IWS](https://holderbook.com/stocks/IWS/) | $50.9M | 309,347 | 1.0% | 31 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $50.2M | 165,626 | 1.0% | 31 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $50.1M | 320,541 | 1.0% | 31 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $49.8M | 340,414 | 1.0% | 31 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $45.1M | 190,717 | 0.9% | 25 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $34.3M | 97,254 | 0.7% | 31 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $33.5M | 90,911 | 0.7% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $30.7M | 128,841 | 0.6% | 31 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $30.6M | 124,106 | 0.6% | 25 |
| VANGUARD SCOTTSDALE FDS | [VONG](https://holderbook.com/stocks/VONG/) | $30.4M | 237,808 | 0.6% | 7 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $29.6M | 121,896 | 0.6% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $27.1M | 72,692 | 0.6% | 31 |
| ISHARES TR | [ICF](https://holderbook.com/stocks/ICF/) | $24.3M | 359,980 | 0.5% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $24.3M | 68,840 | 0.5% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $24.0M | 32 | 0.5% | 31 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $23.6M | 45,214 | 0.5% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $22.6M | 103,323 | 0.5% | 25 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $22.3M | 116,902 | 0.5% | 27 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $22.2M | 62,184 | 0.5% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $21.6M | 66,023 | 0.4% | 31 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $20.6M | 272,942 | 0.4% | 21 |
| ABRDN SILVER ETF TRUST | [SIVR](https://holderbook.com/stocks/SIVR/) | $20.6M | 365,641 | 0.4% | 25 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $20.4M | 51,759 | 0.4% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $19.0M | 70,090 | 0.4% | 25 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $17.9M | 334,063 | 0.4% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $17.7M | 69,612 | 0.4% | 31 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $16.9M | 204,394 | 0.3% | 27 |
| V F CORP | [VFC](https://holderbook.com/stocks/VFC/) | $16.3M | 978,810 | 0.3% | 31 |
| VANGUARD SCOTTSDALE FDS | [VTWG](https://holderbook.com/stocks/VTWG/) | $15.6M | 54,279 | 0.3% | 7 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $14.5M | 187,638 | 0.3% | 25 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $14.5M | 172,648 | 0.3% | 31 |
| SPDR SERIES TRUST | [CWB](https://holderbook.com/stocks/CWB/) | $14.4M | 133,948 | 0.3% | 24 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $13.9M | 129,267 | 0.3% | 25 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $13.0M | 10,861 | 0.3% | 25 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $13.0M | 27,206 | 0.3% | 25 |
| MOLSON COORS BEVERAGE CO | [TAP](https://holderbook.com/stocks/TAP/) | $12.7M | 325,275 | 0.3% | 31 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $12.2M | 77,471 | 0.3% | 25 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $11.9M | 237,626 | 0.2% | 23 |
| VANGUARD WORLD FD | [ESGV](https://holderbook.com/stocks/ESGV/) | $11.0M | 83,470 | 0.2% | 27 |
| VANGUARD SCOTTSDALE FDS | [VTWV](https://holderbook.com/stocks/VTWV/) | $10.9M | 55,783 | 0.2% | 7 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $10.6M | 219,868 | 0.2% | 27 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $10.6M | 130,343 | 0.2% | 25 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $10.2M | 20,440 | 0.2% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $9.9M | 12,633 | 0.2% | 25 |
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $9.4M | 85,146 | 0.2% | 14 |
| VANGUARD SCOTTSDALE FDS | [VCLT](https://holderbook.com/stocks/VCLT/) | $9.3M | 123,017 | 0.2% | 14 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $8.9M | 34,900 | 0.2% | 31 |
| GRAPHIC PACKAGING HLDG CO | [GPK](https://holderbook.com/stocks/GPK/) | $8.9M | 842,778 | 0.2% | 31 |
| KONTOOR BRANDS INC | [KTB](https://holderbook.com/stocks/KTB/) | $8.9M | 106,513 | 0.2% | 29 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $8.8M | 289,548 | 0.2% | 31 |
| ISHARES INC | [EZU](https://holderbook.com/stocks/EZU/) | $8.6M | 124,363 | 0.2% | 31 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $8.6M | 56,440 | 0.2% | 25 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $8.4M | 24,763 | 0.2% | 25 |
| HORMEL FOODS CORP | [HRL](https://holderbook.com/stocks/HRL/) | $8.3M | 335,955 | 0.2% | 31 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $8.1M | 150,541 | 0.2% | 31 |
| PRINCIPAL FINANCIAL GROUP IN | [PFG](https://holderbook.com/stocks/PFG/) | $8.0M | 74,417 | 0.2% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $7.9M | 69,857 | 0.2% | 25 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $7.7M | 20,363 | 0.2% | 25 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $7.7M | 27,508 | 0.2% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $7.1M | 48,656 | 0.1% | 25 |
| VANGUARD SCOTTSDALE FDS | [VONV](https://holderbook.com/stocks/VONV/) | $7.1M | 66,696 | 0.1% | 8 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $7.1M | 42,697 | 0.1% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $7.1M | 6,629 | 0.1% | 25 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $6.8M | 75,472 | 0.1% | 3 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $6.8M | 57,683 | 0.1% | 31 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $6.7M | 11,895 | 0.1% | 31 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $6.6M | 22,247 | 0.1% | 25 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $6.6M | 69,807 | 0.1% | 11 |
| ISHARES TR | [GVI](https://holderbook.com/stocks/GVI/) | $6.5M | 61,534 | 0.1% | 31 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $6.3M | 53,257 | 0.1% | 14 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $6.2M | 14,966 | 0.1% | 25 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $6.1M | 101,391 | 0.1% | 31 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $6.1M | 89,338 | 0.1% | 31 |
| SCHWAB STRATEGIC TR | [SCHP](https://holderbook.com/stocks/SCHP/) | $6.0M | 226,715 | 0.1% | 7 |
| WORLD GOLD TR | [GLDM](https://holderbook.com/stocks/GLDM/) | $6.0M | 75,313 | 0.1% | 7 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +10.2% | +14.8% | -4.7% | 100% |
| Q1 2026 | -0.5% | -4.6% | +4.2% | 100% |
| Q4 2025 | +2.1% | +2.4% | -0.3% | 100% |
| Q3 2025 | +7.2% | +7.8% | -0.6% | 100% |
| Q2 2025 | +6.2% | +10.5% | -4.2% | 100% |
| Q1 2025 | -2.2% | -4.6% | +2.4% | 99% |
| Q4 2024 | -1.6% | +2.1% | -3.8% | 99% |
| Q3 2024 | +7.9% | +5.4% | +2.5% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $4.9B | 439 |
| Q1 2026 | $4.6B | 472 |
| Q4 2025 | $4.2B | 449 |
| Q3 2025 | $4.1B | 447 |
| Q2 2025 | $3.8B | 442 |
| Q1 2025 | $3.6B | 437 |
| Q4 2024 | $3.6B | 442 |
| Q3 2024 | $3.7B | 434 |
| Q2 2024 | $3.7B | 438 |
| Q1 2024 | $3.4B | 422 |
| Q4 2023 | $3.2B | 421 |
| Q3 2023 | $2.9B | 414 |