American Trust

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed September 3, 2025), American Trust reported 302 stock positions worth $1.1 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 17.3% of the portfolio, followed by Vanguard Intermediate-Term B (BIV, 7.7%) and iShares Core Dividend Growth (DGRO, 5.5%). Compared with Q1 2025, it opened 189 new positions, sold out of 8, added to 84 and reduced 26. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +55163%) and the biggest sale an exit from Unitedhealth (UNH).

Most Recent 13F
Q2 2026
Location
LEXINGTON, KY
CIK
0001905128
Portfolio Value
$1.1B (Q2 2025)
SEC Filing
0001905128-25-000007 ↗ filed Sep 3, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.2B Q1 2024 Q2 2024: $1.2B Q2 2024 Q3 2024: $1.2B Q3 2024 Q4 2024: $1.3B Q4 2024 Q1 2025: $405.6M Q1 2025 Q2 2025: $1.1B $1.1B Q2 2025 Q3 2025: $1.2B Q3 2025 Q4 2025: $1.2B Q4 2025 Q1 2026: $1.1B Q1 2026 Q2 2026: $1.3B Q2 2026

Holdings 302 stocks · $1.1B
VOO Vanguard S&P 500 ETF 17.30% 323,290 $183.6M Add +55163.3%
BIV Vanguard Intermediate-Term B 7.73% 1,061,008 $82.1M New
DGRO iShares Core Dividend Growth 5.53% 917,657 $58.7M Add +44.5%
IJH iShares Core S&P Midcap ETF 4.57% 782,741 $48.5M Add +2.4%
VB Vanguard Most SM-Cap ETF-Usd 4.26% 190,635 $45.2M Add +51.9%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 3.91% 113,291 $41.5M New
JGRO JPMorgan Active Growth ETF 3.69% 455,183 $39.2M Add +6.6%
VO Vngrd Mrngstr MD-Cap ETF-Usd 3.14% 119,255 $33.4M New
VEA Vanguard Ftse Developed ETF 2.55% 474,220 $27.0M Add +1029.9%
JPST JPMorgan Ultra-Short Income 2.47% 517,357 $26.2M Add +697.5%
QQQ Invesco QQQ Trust Series 1 2.23% 42,947 $23.7M Add +7093.8%
MSFT Microsoft Corp. 1.79% 38,118 $19.0M Add +8.0%
AAPL Apple Inc. 1.38% 71,199 $14.6M Add +19.7%
FNDX Schwab Fndmntl US LRG Co. ETF 1.11% 479,917 $11.8M New
JPM JPMorgan Chase & Co. 1.02% 37,250 $10.8M Add +2.5%
VWO Vanguard Ftse Emerging Marke 0.98% 211,265 $10.4M New
NVDA Nvidia Corp. 0.87% 58,268 $9.2M Add +28.0%
IWF iShares Russell 1000 Growth 0.81% 20,248 $8.6M Add +8.6%
SPY SS SPDR S&P 500 ETF Trust-US 0.73% 12,568 $7.8M Add +270.1%
IMCG iShares Morningstar Mid-Cap 0.70% 93,044 $7.5M New
CTAS Cintas Corp. 0.65% 30,748 $6.9M Add +2.9%
AMZN Amazon.com Inc. 0.64% 31,105 $6.8M Add +26.7%
COST Costco Wholesale Corp. 0.63% 6,756 $6.7M Add +6.3%
TSM Taiwan Semiconductor-SP ADR 0.61% 28,404 $6.4M Reduce -12.7%
IVV iShares Core S&P 500 ETF 0.60% 10,203 $6.3M Add +1491.7%
V Visa Inc. Class A 0.58% 17,437 $6.2M Add +4.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.56% 48,460 $6.0M Add +10.3%
VIGI Vanguard Int Div App Indx FD 0.54% 63,904 $5.8M New
MA Mastercard Inc. Class A 0.54% 10,170 $5.7M Add +3.1%
APH Amphenol Corp. Class A 0.50% 53,364 $5.3M Add +2.4%
KLAC KLA Corp. 0.49% 5,810 $5.2M Reduce -9.1%
JNJ Johnson & Johnson 0.47% 32,823 $5.0M Add +6.0%
USHY iShares Broad Usd High Yield 0.46% 131,310 $4.9M New
LLY Eli Lilly & Co. 0.45% 6,122 $4.8M Add +147.1%
VTI VG Morningstar TS MKT ETF-US 0.45% 15,646 $4.8M Add +84.8%
META Meta Platforms Inc. Class A 0.44% 6,368 $4.7M Add +26.8%
AOM iShares Core 40/60 Moderate 0.43% 98,085 $4.5M New
JMEE JPM Sma & Mid Cap En Eq Et-U filed as J P MORGAN EXCHANGE TRADED F 0.42% 75,645 $4.5M New
DE Deere & Co. 0.42% 8,808 $4.5M Add +1.0%
ABBV Abbvie Inc. 0.42% 23,890 $4.4M Add +36.8%
GOOGL Alphabet Inc. Class A 0.41% 24,751 $4.4M Add +18.2%
ABT Abbott Laboratories 0.40% 31,162 $4.2M Add +1.3%
ACN Accenture PLC Class A 0.39% 13,821 $4.1M Reduce -1.8%
HD Home Depot Inc. 0.39% 11,161 $4.1M Reduce -0.6%
SCHW Schwab (charles) Corp. 0.39% 44,808 $4.1M Add +4.7%
SDY SS SPDR S&P Dividend ETF 0.38% 29,907 $4.1M Reduce -4.6%
HON Honeywell International Inc. 0.38% 17,321 $4.0M Reduce -0.6%
SPYG SS SPDR P S&P 500 Growth ETF 0.38% 41,911 $4.0M New
IAU iShares Gold Trust 0.37% 63,176 $3.9M New
SYK Stryker Corp. 0.37% 9,836 $3.9M Add +2.0%
SCHG Schwab US Large-Cap Growth 0.37% 132,969 $3.9M New
EOG EOG Resources Inc. 0.35% 30,867 $3.7M Add +2.3%
PAYX Paychex Inc. 0.34% 24,564 $3.6M Add +7.3%
MRSH Marsh & McLennan Cos 0.33% 16,138 $3.5M Reduce -0.1%
PEP Pepsico Inc. 0.32% 26,104 $3.4M Add +3.7%
TXN Texas Instruments Inc. 0.32% 16,571 $3.4M Add +3.8%
JEPI JPMorgan Equity Premium Inco 0.32% 60,397 $3.4M Add +258.3%
CMI Cummins Inc. 0.31% 10,110 $3.3M Add +1.6%
NEE Nextera Energy Inc. 0.30% 46,527 $3.2M Add +6.0%
DG Dollar General Corp. 0.28% 26,368 $3.0M Reduce -1.3%
PH Parker Hannifin Corp. 0.28% 4,317 $3.0M Reduce -0.7%
PG The Procter & Gamble Co. 0.28% 18,460 $2.9M Reduce -1.1%
PRN Invesco Dorsey Wright Indus 0.27% 18,279 $2.9M New
BLK BlackRock Inc. 0.27% 2,691 $2.8M Add +1.0%
ZTS Zoetis Inc. 0.26% 17,499 $2.7M Add +2.7%
CNQ Canadian Natural Resources 0.25% 85,821 $2.7M Add +4.9%
AVGO Broadcom Inc. 0.25% 9,603 $2.6M Add +72.1%
IWD iShares Russell 1000 Value E 0.25% 13,588 $2.6M Reduce -51.6%
BR Broadridge Financial Solutio 0.25% 10,767 $2.6M Add +1.2%
IWP iShares Russell Mid-Cap Grow 0.24% 18,690 $2.6M Add +120.1%
DOV Dover Corp. 0.24% 14,074 $2.6M Add +0.7%
SHW The Sherwin-Williams Co. 0.23% 7,090 $2.4M Add +2.0%
CMCSA Comcast Corp. Class A 0.22% 66,269 $2.4M Reduce -0.8%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.22% 42,492 $2.3M Add +260.8%
TMO Thermo Fisher Scientific Inc. 0.22% 5,663 $2.3M Add +1.7%
ROP Roper Technologies Inc. 0.21% 4,024 $2.3M Add +2.5%
DHI D.R. Horton Inc. 0.21% 17,127 $2.2M Reduce -0.6%
NKE Nike Inc. Class B 0.20% 30,216 $2.1M Add +1.3%
NFLX Netflix Inc. 0.20% 1,552 $2.1M New
SPGI S&P Global Inc. 0.19% 3,740 $2.0M Add +24.1%
IEMG iShares Core MSCI Emerging 0.18% 31,239 $1.9M Add +244.4%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.17% 25,137 $1.8M New
ANET Arista Networks Inc. 0.17% 17,671 $1.8M Add +49.6%
VGT Vanguard Info Tech ETF 0.16% 2,624 $1.7M New
VTV Vanguard Mrngstr Val ETF-Aui 0.16% 9,747 $1.7M New
QUAL iShares MSCI USA Quality Fac 0.15% 8,987 $1.6M Add +538.7%
TSCO Tractor Supply Company 0.15% 30,092 $1.6M Add +4.4%
IJJ iShares S&P Mid-Cap 400 Valu 0.15% 12,697 $1.6M Add +43.3%
IWS iShares Russell Mid-Cap Valu 0.14% 11,393 $1.5M Add +169.6%
BRK.B Berkshire Hathaway Inc. Class B 0.14% 3,095 $1.5M Add +2.6%
ILCB iShares Morningstar U.S. Equ 0.14% 17,226 $1.5M New
SCHV Schwab US Large-Cap Value 0.14% 52,858 $1.5M New
MLPX Global X MLP & Energy Infras 0.13% 22,625 $1.4M New
JBHT Hunt (jb) Transprt SVCS Inc. 0.13% 9,765 $1.4M Add +1.1%
GOOG Alphabet Inc. Class C 0.13% 7,842 $1.4M Add +106.8%
GSLC Goldman Activebeta US LC ETF 0.12% 10,671 $1.3M New
GLD SPDR Gold Shares 0.12% 4,147 $1.3M Add +445.7%
IVW iShares S&P 500 Growth ETF 0.12% 11,366 $1.3M New
BND Vanguard Total Bond Market 0.12% 16,722 $1.2M Reduce -9.2%
VUG Vanguard Mrngstar GR ETF-Sui 0.12% 2,784 $1.2M New

Show all 302 holdings

Portfolio Sells Q1 2025 → Q2 2025
UNH Unitedhealth Group Inc. Sold out 0.00% −1.51
IWD iShares Russell 1000 Value E Reduce -51.6% 0.25% −1.05
TSM Taiwan Semiconductor-SP ADR Reduce -12.7% 0.61% −0.73
ACN Accenture PLC Class A Reduce -1.8% 0.39% −0.69
EFA iShares MSCI Eafe ETF Reduce -93.3% 0.02% −0.68
SDY SS SPDR S&P Dividend ETF Reduce -4.6% 0.38% −0.67
MRSH Marsh & McLennan Cos Reduce -0.1% 0.33% −0.64
HD Home Depot Inc. Reduce -0.6% 0.39% −0.63
KLAC KLA Corp. Reduce -9.1% 0.49% −0.58
HON Honeywell International Inc. Reduce -0.6% 0.38% −0.53
PG The Procter & Gamble Co. Reduce -1.1% 0.28% −0.51
CMCSA Comcast Corp. Class A Reduce -0.8% 0.22% −0.38
PH Parker Hannifin Corp. Reduce -0.7% 0.28% −0.37
DHI D.R. Horton Inc. Reduce -0.6% 0.21% −0.33
DG Dollar General Corp. Reduce -1.3% 0.28% −0.30
BND Vanguard Total Bond Market Reduce -9.2% 0.12% −0.22
WMT Walmart Inc. Reduce -5.5% 0.11% −0.16
REGN Regeneron Pharmaceuticals Sold out 0.00% −0.12
MCD McDonald's Corp. Reduce -5.7% 0.06% −0.12
CB Chubb Ltd. Reduce -9.1% 0.06% −0.12
INTU Intuit Inc. Reduce -12.9% 0.08% −0.11
NOW ServiceNow Inc. Reduce -0.7% 0.10% −0.10
XOM Exxon Mobil Corp. Reduce -3.8% 0.05% −0.09
SONY Sony Group Corp. - SP ADR Sold out 0.00% −0.09
ADP Automatic Data Processing Reduce -8.4% 0.04% −0.07
BDX Becton Dickinson and Co. Sold out 0.00% −0.07
HLN Haleon PLC-ADR Sold out 0.00% −0.06
POOL Pool Corp. Sold out 0.00% −0.05
ALC Alcon Inc. Sold out 0.00% −0.05
ORLY O'reilly Automotive Inc. Sold out 0.00% −0.05
ELV Elevance Health Inc. Reduce -11.0% 0.02% −0.05
KO The Coca-Cola Co. Reduce -5.8% 0.03% −0.05
GE General Electric Reduce -24.2% 0.02% −0.04
WFC Wells Fargo & Co. Reduce -2.5% 0.02% −0.03

Portfolio Buys Q1 2025 → Q2 2025
VOO Vanguard S&P 500 ETF Add +55163.3% 17.30% +17.22
BIV Vanguard Intermediate-Term B New 7.73% +7.73
MGK Vngrd Mrgstr MG CP GR ETF-Ui New 3.91% +3.91
VO Vngrd Mrngstr MD-Cap ETF-Usd New 3.14% +3.14
QQQ Invesco QQQ Trust Series 1 Add +7093.8% 2.23% +2.16
VEA Vanguard Ftse Developed ETF Add +1029.9% 2.55% +2.02
JPST JPMorgan Ultra-Short Income Add +697.5% 2.47% +1.66
FNDX Schwab Fndmntl US LRG Co. ETF New 1.11% +1.11
VWO Vanguard Ftse Emerging Marke New 0.98% +0.98
IMCG iShares Morningstar Mid-Cap New 0.70% +0.70
VIGI Vanguard Int Div App Indx FD New 0.54% +0.54
IVV iShares Core S&P 500 ETF Add +1491.7% 0.60% +0.51
USHY iShares Broad Usd High Yield New 0.46% +0.46
AOM iShares Core 40/60 Moderate New 0.43% +0.43
JMEE JPM Sma & Mid Cap En Eq Et-U New 0.42% +0.42
SPYG SS SPDR P S&P 500 Growth ETF New 0.38% +0.38
IAU iShares Gold Trust New 0.37% +0.37
SCHG Schwab US Large-Cap Growth New 0.37% +0.37
PRN Invesco Dorsey Wright Indus New 0.27% +0.27
SPY SS SPDR S&P 500 ETF Trust-US Add +270.1% 0.73% +0.26
NFLX Netflix Inc. New 0.20% +0.20
WRB WR Berkley Corp. New 0.17% +0.17
VGT Vanguard Info Tech ETF New 0.16% +0.16
VTV Vanguard Mrngstr Val ETF-Aui New 0.16% +0.16
ILCB iShares Morningstar U.S. Equ New 0.14% +0.14
SCHV Schwab US Large-Cap Value New 0.14% +0.14
MLPX Global X MLP & Energy Infras New 0.13% +0.13
GSLC Goldman Activebeta US LC ETF New 0.12% +0.12
IVW iShares S&P 500 Growth ETF New 0.12% +0.12
VUG Vanguard Mrngstar GR ETF-Sui New 0.12% +0.12
RPG Invesco S&P 500 Pure Growth New 0.10% +0.10
XMMO Invesco S&P Midcap Momentum New 0.10% +0.10
XLK SS Technology Select Sector New 0.10% +0.10
DBP Invesco DB Precious Metals F New 0.10% +0.10
QUAL iShares MSCI USA Quality Fac Add +538.7% 0.15% +0.10
RSPU Invesco S&P 500 Equal Weight New 0.09% +0.09
VGSH Vanguard Short-Term Treasury New 0.09% +0.09
VNQ Vanguard Real Estate ETF New 0.09% +0.09
IJR iShares Core S&P Small-Cap E New 0.09% +0.09
IWO iShares Russell 2000 Growth New 0.09% +0.09
VBK Van Morst SML-Cap Gro-Usd Inc. New 0.09% +0.09
VOE Vngrd Mrngstr MD-Cap Val ETF New 0.09% +0.09
JEPI JPMorgan Equity Premium Inco Add +258.3% 0.32% +0.09
BKNG Booking Holdings Inc. New 0.08% +0.08
OEF iShares S&P 100 ETF New 0.08% +0.08
FIBK First Interstate Bancsys-A New 0.08% +0.08
IVE iShares S&P 500 Value ETF New 0.08% +0.08
SPSM SS SPDR P S&P 600 Small Cap New 0.07% +0.07
IGSB iShares 1-5Y Inv Grade Corp. New 0.07% +0.07
JEPQ JPM Nasdaq Equity Premium Add +260.8% 0.22% +0.07

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 334$1.3BVOO, BIV, DGRO, VUG, JGRO
Q1 2026 313$1.1BVOO, BIV, DGRO, VUG, JGRO
Q4 2025 328$1.2BVOO, BIV, DGRO, JGRO, VUG
Q3 2025 327$1.2BVOO, BIV, JGRO, DGRO, IJH
Q2 2025 302$1.1BVOO, BIV, DGRO, IJH, VB
Q1 2025 121$405.6MIJH, DGRO, JGRO, VB, MSFT
Q4 2024 313$1.3BVOO, DGRO, BIV, VO, VB
Q3 2024 256$1.2BVOO, DGRO, BIV, SCHX, IJH
Q2 2024 244$1.2BVOO, SCHX, DGRO, BIV, VO
Q1 2024 281$1.2BVOO, DGRO, IDA, BIV, IJH