# FIRST NATIONAL CORP /MA/ /ADV

> Institutional holdings reported to the SEC as of Q3 2025 on Form 13F. CIK 816192. Source: https://holderbook.com/funds/816192-first-national-corp-ma-adv/

- Reported value: $527.5M
- Positions: 174
- Weight of the ten largest: 38.7%
- Filed: 2025-10-28

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/) | $34.3M | 51,279 | 6.5% | 28 |
| WISDOMTREE TR | [USFR](https://holderbook.com/stocks/USFR/) | $26.0M | 516,218 | 4.9% | 14 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $25.3M | 980,783 | 4.8% | 28 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $19.5M | 54,862 | 3.7% | 15 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $19.4M | 735,355 | 3.7% | 28 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $16.5M | 591,472 | 3.1% | 20 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $16.5M | 598,268 | 3.1% | 28 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $16.3M | 548,491 | 3.1% | 28 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $15.7M | 61,283 | 3.0% | 28 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $14.8M | 50,386 | 2.8% | 28 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $13.8M | 137,885 | 2.6% | 6 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $13.4M | 52,519 | 2.5% | 28 |
| PROSHARES TR | [QLD](https://holderbook.com/stocks/QLD/) | $12.4M | 89,256 | 2.3% | 28 |
| ISHARES TR | [IMTB](https://holderbook.com/stocks/IMTB/) | $11.3M | 255,724 | 2.1% | 2 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $10.9M | 18,135 | 2.1% | 12 |
| PIMCO ETF TR | [BOND](https://holderbook.com/stocks/BOND/) | $10.0M | 107,131 | 1.9% | 22 |
| PIMCO ETF TR | [LDUR](https://holderbook.com/stocks/LDUR/) | $9.9M | 103,464 | 1.9% | 24 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $9.9M | 110,835 | 1.9% | 15 |
| DIMENSIONAL ETF TRUST | [DFAI](https://holderbook.com/stocks/DFAI/) | $9.9M | 270,394 | 1.9% | 11 |
| PROSHARES TR | [SH](https://holderbook.com/stocks/SH/) | $9.8M | 267,087 | 1.9% | 4 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $8.8M | 62,974 | 1.7% | 28 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $8.3M | 352,770 | 1.6% | 28 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $8.2M | 120,248 | 1.6% | 23 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $6.7M | 72,915 | 1.3% | 28 |
| GOLDMAN SACHS ETF TR | [GSIE](https://holderbook.com/stocks/GSIE/) | $6.2M | 148,888 | 1.2% | 23 |
| PROSHARES TR | [TBT](https://holderbook.com/stocks/TBT/) | $5.6M | 165,398 | 1.1% | 5 |
| ISHARES TR | [ITA](https://holderbook.com/stocks/ITA/) | $5.3M | 25,386 | 1.0% | 5 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $5.2M | 86,558 | 1.0% | 28 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $4.5M | 8,706 | 0.9% | 28 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $4.4M | 7,121 | 0.8% | 28 |
| VANGUARD WORLD FD | [VPU](https://holderbook.com/stocks/VPU/) | $4.3M | 22,566 | 0.8% | 28 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $4.2M | 17,156 | 0.8% | 28 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $3.9M | 14,293 | 0.7% | 28 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $3.8M | 5,704 | 0.7% | 28 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $3.6M | 16,398 | 0.7% | 28 |
| COLUMBIA ETF TR II | [XCEM](https://holderbook.com/stocks/XCEM/) | $3.6M | 98,807 | 0.7% | 17 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $3.3M | 4,028 | 0.6% | 28 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $3.2M | 17,128 | 0.6% | 17 |
| INVESCO EXCH TRADED FD TR II | [VRP](https://holderbook.com/stocks/VRP/) | $3.2M | 128,319 | 0.6% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $3.0M | 4 | 0.6% | 3 |
| INVESCO EXCH TRADED FD TR II | [KBWP](https://holderbook.com/stocks/KBWP/) | $2.8M | 22,981 | 0.5% | 5 |
| SPDR SERIES TRUST | [CWB](https://holderbook.com/stocks/CWB/) | $2.8M | 30,188 | 0.5% | 28 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $2.6M | 2,793 | 0.5% | 28 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.5M | 10,029 | 0.5% | 28 |
| SCHWAB STRATEGIC TR | [FNDX](https://holderbook.com/stocks/FNDX/) | $2.5M | 92,763 | 0.5% | 23 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $2.5M | 26,029 | 0.5% | 12 |
| ISHARES TR | [ICF](https://holderbook.com/stocks/ICF/) | $2.4M | 38,374 | 0.4% | 23 |
| SPDR SERIES TRUST | [FLRN](https://holderbook.com/stocks/FLRN/) | $2.3M | 73,650 | 0.4% | 15 |
| SCHWAB STRATEGIC TR | [FNDB](https://holderbook.com/stocks/FNDB/) | $2.2M | 86,927 | 0.4% | 23 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $2.2M | 45,191 | 0.4% | 28 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $2.1M | 32,033 | 0.4% | 28 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $2.1M | 17,408 | 0.4% | 28 |
| SCHWAB STRATEGIC TR | [SCHP](https://holderbook.com/stocks/SCHP/) | $2.1M | 76,222 | 0.4% | 28 |
| SPDR SERIES TRUST | [TFI](https://holderbook.com/stocks/TFI/) | $2.0M | 44,291 | 0.4% | 17 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $1.9M | 10,360 | 0.4% | 28 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.8M | 9,605 | 0.3% | 28 |
| ESSENTIAL UTILS INC | [WTRG](https://holderbook.com/stocks/WTRG/) | $1.8M | 45,318 | 0.3% | 22 |
| FIDELITY COVINGTON TRUST | [FREL](https://holderbook.com/stocks/FREL/) | $1.7M | 62,318 | 0.3% | 28 |
| H2O AMERICA | [HTO](https://holderbook.com/stocks/HTO/) | $1.7M | 36,238 | 0.3% | 4 |
| AMER STATES WTR CO | [AWR](https://holderbook.com/stocks/AWR/) | $1.7M | 23,673 | 0.3% | 4 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $1.7M | 12,234 | 0.3% | 20 |
| CALIFORNIA WTR SVC GROUP | [CWT](https://holderbook.com/stocks/CWT/) | $1.6M | 36,140 | 0.3% | 4 |
| LEGGETT & PLATT INC | [LEG](https://holderbook.com/stocks/LEG/) | $1.6M | 177,969 | 0.3% | 22 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $1.6M | 4,815 | 0.3% | 28 |
| SCHWAB STRATEGIC TR | [FNDE](https://holderbook.com/stocks/FNDE/) | $1.5M | 42,271 | 0.3% | 23 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.4M | 4,556 | 0.3% | 28 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $1.4M | 16,070 | 0.3% | 28 |
| ISHARES TR | [HDV](https://holderbook.com/stocks/HDV/) | $1.4M | 11,486 | 0.3% | 28 |
| PIMCO ETF TR | [CORP](https://holderbook.com/stocks/CORP/) | $1.4M | 13,961 | 0.3% | 12 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.4M | 1,914 | 0.3% | 11 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $1.3M | 9,892 | 0.3% | 28 |
| GAMESTOP CORP | [GME](https://holderbook.com/stocks/GME/) | $1.3M | 46,650 | 0.2% | 4 |
| SPDR SERIES TRUST | [SPYX](https://holderbook.com/stocks/SPYX/) | $1.3M | 22,782 | 0.2% | 17 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $1.2M | 22,170 | 0.2% | 23 |
| SPDR SERIES TRUST | [SPTL](https://holderbook.com/stocks/SPTL/) | $1.2M | 42,813 | 0.2% | 14 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.1M | 4,656 | 0.2% | 28 |
| VANGUARD WORLD FD | [ESGV](https://holderbook.com/stocks/ESGV/) | $1.1M | 9,457 | 0.2% | 16 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $1.1M | 9,111 | 0.2% | 27 |
| ISHARES TR | [IWV](https://holderbook.com/stocks/IWV/) | $1.1M | 2,902 | 0.2% | 28 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.1M | 9,710 | 0.2% | 28 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.1M | 2,358 | 0.2% | 11 |
| CAPITAL GROUP INTL FOCUS EQT | [CGXU](https://holderbook.com/stocks/CGXU/) | $1.1M | 35,614 | 0.2% | 8 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $1.0M | 2,120 | 0.2% | 26 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.0M | 11,327 | 0.2% | 27 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $984.4K | 3,436 | 0.2% | 28 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $975.9K | 6,371 | 0.2% | 28 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $927.2K | 2,335 | 0.2% | 28 |
| J P MORGAN EXCHANGE TRADED F | [JIVE](https://holderbook.com/stocks/JIVE/) | $923.6K | 12,167 | 0.2% | 1 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $889.0K | 2,609 | 0.2% | 17 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $764.9K | 8,069 | 0.1% | 28 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $741.2K | 16,910 | 0.1% | 28 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $729.6K | 6,018 | 0.1% | 22 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $729.5K | 2,524 | 0.1% | 10 |
| CSW INDUSTRIALS INC | [CSW](https://holderbook.com/stocks/CSW/) | $709.9K | 2,815 | 0.1% | 17 |
| DIMENSIONAL ETF TRUST | [DFIV](https://holderbook.com/stocks/DFIV/) | $683.4K | 14,767 | 0.1% | 8 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $667.6K | 1,388 | 0.1% | 17 |
| SPDR INDEX SHS FDS | [EFAX](https://holderbook.com/stocks/EFAX/) | $661.3K | 13,309 | 0.1% | 17 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $626.1K | 2,582 | 0.1% | 3 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $620.3K | 3,354 | 0.1% | 2 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $619.5K | 1,781 | 0.1% | 17 |

## 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 |
|---|---|---|---|---|
| Q3 2025 | +5.9% | +7.8% | -1.9% | 100% |
| Q2 2025 | +5.1% | +10.5% | -5.3% | 100% |
| Q1 2025 | -1.1% | -4.6% | +3.5% | 100% |
| Q4 2024 | -1.3% | +2.1% | -3.4% | 96% |
| Q3 2024 | +6.6% | +5.4% | +1.1% | 100% |
| Q2 2024 | +1.3% | +4.0% | -2.7% | 103% |
| Q1 2024 | +5.0% | +10.0% | -5.0% | 100% |
| Q4 2023 | +9.1% | +11.2% | -2.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2025 | $527.5M | 174 |
| Q2 2025 | $496.0M | 163 |
| Q1 2025 | $452.9M | 160 |
| Q4 2024 | $441.7M | 153 |
| Q3 2024 | $449.6M | 145 |
| Q2 2024 | $419.9M | 155 |
| Q1 2024 | $406.8M | 154 |
| Q4 2023 | $407.5M | 154 |
| Q3 2023 | $372.4M | 147 |
| Q2 2023 | $421.3M | 157 |
| Q1 2023 | $420.4M | 164 |
| Q4 2022 | $404.5M | 154 |