American Trust
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), American Trust reported 328 stock positions worth $1.2 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 15.2% of the portfolio, followed by Vanguard Intermediate-Term B (BIV, 7.5%) and iShares Core Dividend Growth (DGRO, 5.6%). Compared with Q3 2025, it opened 44 new positions, sold out of 43, added to 98 and reduced 172. The biggest buy was a new position in Dimensional International (DFIC) and the biggest sale JPMorgan Municipal ETF (JMUB, shares −90%).
- Most Recent 13F
- Q2 2026
- Location
- LEXINGTON, KY
- CIK
- 0001905128
- Portfolio Value
- $1.2B (Q4 2025)
- SEC Filing
- 0001905128-26-000002 ↗ filed Feb 17, 2026
Holdings Value
Holdings 328 stocks · $1.2B
| VOO Vanguard S&P 500 ETF | 15.25% | 289,240 | $181.4M | Reduce -6.9% |
| BIV Vanguard Intermediate-Term B | 7.53% | 1,147,691 | $89.6M | Reduce -0.1% |
| DGRO iShares Core Dividend Growth | 5.61% | 960,971 | $66.7M | Add +16.2% |
| JGRO JPMorgan Active Growth ETF | 4.49% | 574,951 | $53.4M | Reduce -9.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 4.46% | 108,857 | $53.1M | Add +9.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 4.02% | 185,395 | $47.8M | Reduce -2.9% |
| IJH iShares Core S&P Midcap ETF | 3.61% | 650,123 | $42.9M | Reduce -17.9% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 2.91% | 119,080 | $34.6M | Add +1.1% |
| DFIC Dimensional International Co. | 2.90% | 1,000,934 | $34.5M | New |
| QQQ Invesco QQQ Trust Series 1 | 2.50% | 48,495 | $29.8M | Add +1.8% |
| VEA Vanguard Ftse Developed ETF | 2.46% | 468,513 | $29.3M | Reduce -1.7% |
| JPST JPMorgan Ultra-Short Income | 2.23% | 525,224 | $26.6M | Add +0.3% |
| JFLX JPMorgan Flexible Debt ETF | 1.82% | 431,799 | $21.7M | Add +309.3% |
| AAPL Apple Inc. | 1.56% | 68,055 | $18.5M | Reduce -5.1% |
| MSFT Microsoft Corp. | 1.49% | 36,622 | $17.7M | Reduce -1.8% |
| DXUV Dimensional US Vtor Eqty ETF | 1.27% | 251,780 | $15.1M | New |
| JPM JPMorgan Chase & Co. | 1.01% | 37,295 | $12.0M | Reduce -0.1% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.90% | 393,103 | $10.7M | Reduce -2.1% |
| VWO Vanguard Ftse Emerging Marke | 0.90% | 198,235 | $10.7M | Reduce -3.5% |
| NVDA Nvidia Corp. | 0.86% | 54,813 | $10.2M | Reduce -2.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.72% | 12,488 | $8.5M | Reduce -1.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.68% | 26,711 | $8.1M | Add +0.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.61% | 47,434 | $7.3M | Reduce -0.4% |
| GOOGL Alphabet Inc. Class A | 0.61% | 23,095 | $7.2M | Reduce -2.2% |
| APH Amphenol Corp. Class A | 0.59% | 51,685 | $7.0M | Reduce -1.0% |
| JNJ Johnson & Johnson | 0.58% | 33,611 | $7.0M | Reduce -0.1% |
| LLY Eli Lilly & Co. | 0.57% | 6,327 | $6.8M | Reduce -0.9% |
| AMZN Amazon.com Inc. | 0.55% | 28,177 | $6.5M | Reduce -2.2% |
| KLAC KLA Corp. | 0.53% | 5,224 | $6.3M | Reduce -3.6% |
| IVV iShares Core S&P 500 ETF | 0.51% | 8,836 | $6.1M | Reduce -16.5% |
| V Visa Inc. Class A | 0.50% | 17,021 | $6.0M | Reduce -0.4% |
| MA Mastercard Inc. Class A | 0.50% | 10,338 | $5.9M | Reduce -0.4% |
| COST Costco Wholesale Corp. | 0.49% | 6,821 | $5.9M | Add +2.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.49% | 17,350 | $5.8M | Add +8.9% |
| CTAS Cintas Corp. | 0.48% | 30,101 | $5.7M | Reduce -1.2% |
| ABBV Abbvie Inc. | 0.44% | 22,661 | $5.2M | Reduce -4.7% |
| CMI Cummins Inc. | 0.42% | 9,860 | $5.0M | Reduce -1.1% |
| IMCG iShares Morningstar Mid-Cap | 0.42% | 62,488 | $5.0M | Reduce -43.8% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.38% | 42,713 | $4.6M | Reduce -0.1% |
| GLDM SPDR Gold Minishares Trust | 0.38% | 52,282 | $4.5M | Reduce -6.3% |
| SCHW Schwab (charles) Corp. | 0.37% | 43,470 | $4.3M | Reduce -1.1% |
| SDY SS SPDR S&P Dividend ETF | 0.34% | 29,120 | $4.1M | Reduce -1.7% |
| ABT Abbott Laboratories | 0.33% | 31,666 | $4.0M | Add +2.6% |
| DE Deere & Co. | 0.33% | 8,509 | $4.0M | Reduce -1.4% |
| JMEE JPM Sma & Mid Cap En Eq Et-U filed as J P MORGAN EXCHANGE TRADED F | 0.33% | 60,271 | $3.9M | Reduce -16.3% |
| USHY iShares Broad Usd High Yield | 0.33% | 103,560 | $3.9M | Reduce -3.6% |
| NEE Nextera Energy Inc. | 0.32% | 47,866 | $3.8M | Add +4.3% |
| HD Home Depot Inc. | 0.32% | 11,135 | $3.8M | Add +0.7% |
| PEP Pepsico Inc. | 0.32% | 26,550 | $3.8M | Reduce -0.3% |
| META Meta Platforms Inc. Class A | 0.31% | 5,662 | $3.7M | Reduce -1.6% |
| PH Parker Hannifin Corp. | 0.31% | 4,202 | $3.7M | Reduce -0.7% |
| JEPI JPMorgan Equity Premium Inco | 0.30% | 63,308 | $3.6M | Add +1.9% |
| AVGO Broadcom Inc. | 0.30% | 10,410 | $3.6M | Add +2.2% |
| ACN Accenture PLC Class A | 0.29% | 13,024 | $3.5M | Reduce -4.5% |
| SYK Stryker Corp. | 0.29% | 9,805 | $3.4M | Add +1.4% |
| HON Honeywell International Inc. | 0.27% | 16,657 | $3.2M | Reduce -1.8% |
| DG Dollar General Corp. | 0.27% | 24,140 | $3.2M | Reduce -6.9% |
| TMO Thermo Fisher Scientific Inc. | 0.27% | 5,497 | $3.2M | Reduce -0.7% |
| IAU iShares Gold Trust | 0.26% | 38,446 | $3.1M | Reduce -39.8% |
| EOG EOG Resources Inc. | 0.26% | 29,105 | $3.1M | Reduce -6.6% |
| BLK BlackRock Inc. | 0.25% | 2,759 | $3.0M | Add +4.9% |
| MRSH Marsh & McLennan Cos | 0.24% | 15,614 | $2.9M | Reduce -1.5% |
| CNQ Canadian Natural Resources | 0.24% | 84,986 | $2.9M | Add +0.2% |
| RSPU Invesco S&P 500 Equal Weight | 0.24% | 14,993 | $2.9M | Add +4.7% |
| TXN Texas Instruments Inc. | 0.23% | 16,086 | $2.8M | Reduce -1.1% |
| PG The Procter & Gamble Co. | 0.23% | 18,859 | $2.7M | Add +3.1% |
| DOV Dover Corp. | 0.22% | 13,640 | $2.7M | Reduce -1.0% |
| IVW iShares S&P 500 Growth ETF | 0.22% | 21,104 | $2.6M | Add +100.8% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.21% | 42,995 | $2.5M | Add +0.4% |
| JMUB JPMorgan Municipal ETF | 0.21% | 48,723 | $2.5M | Reduce -89.8% |
| DHI D.R. Horton Inc. | 0.20% | 16,705 | $2.4M | Reduce -1.7% |
| BR Broadridge Financial Solutio | 0.20% | 10,486 | $2.3M | Reduce -0.7% |
| VGT Vanguard Info Tech ETF | 0.20% | 3,102 | $2.3M | Add +14.0% |
| PAYX Paychex Inc. | 0.19% | 20,380 | $2.3M | Reduce -12.7% |
| BND Vanguard Total Bond Market | 0.19% | 30,507 | $2.3M | Add +0.6% |
| SHW The Sherwin-Williams Co. | 0.19% | 6,954 | $2.3M | Reduce -0.5% |
| SCHG Schwab US Large-Cap Growth | 0.19% | 67,923 | $2.2M | Reduce -50.4% |
| GOOG Alphabet Inc. Class C | 0.18% | 6,703 | $2.1M | Reduce -0.9% |
| ZTS Zoetis Inc. | 0.17% | 16,075 | $2.0M | Reduce -7.3% |
| JAAA Janus Henderson Aaa Clo ETF | 0.17% | 39,587 | $2.0M | Reduce -9.6% |
| RPG Invesco S&P 500 Pure Growth | 0.16% | 23,337 | $1.9M | Reduce -3.8% |
| SPGI S&P Global Inc. | 0.16% | 3,656 | $1.9M | Reduce -2.0% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.16% | 26,381 | $1.8M | Add +5.0% |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.15% | 9,485 | $1.8M | Reduce -0.9% |
| IWD iShares Russell 1000 Value E | 0.15% | 8,619 | $1.8M | Reduce -14.2% |
| NKE Nike Inc. Class B | 0.15% | 27,946 | $1.8M | Reduce -5.1% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.15% | 13,421 | $1.8M | Add +5.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.14% | 8,879 | $1.7M | Reduce -73.8% |
| CMCSA Comcast Corp. Class A | 0.14% | 54,565 | $1.6M | Reduce -17.3% |
| IWF iShares Russell 1000 Growth | 0.14% | 3,441 | $1.6M | Reduce -69.2% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.13% | 3,887 | $1.6M | Add +0.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.13% | 3,170 | $1.6M | No change |
| ROP Roper Technologies Inc. | 0.13% | 3,565 | $1.6M | Reduce -10.1% |
| ILCB iShares Morningstar U.S. Equ | 0.13% | 16,405 | $1.5M | Reduce -5.3% |
| IBIT iShares Bitcoin Trust ETF | 0.13% | 30,237 | $1.5M | New |
| ASML ASML Holding NV-NY Reg SHS | 0.12% | 1,328 | $1.4M | Reduce -3.5% |
| TSLA Tesla Inc. | 0.12% | 3,093 | $1.4M | Add +12.1% |
| XLK SS Technology Select Sector | 0.11% | 9,369 | $1.3M | Reduce -19.4% |
| TSCO Tractor Supply Company | 0.11% | 26,775 | $1.3M | Reduce -10.8% |
| ANET Arista Networks Inc. | 0.11% | 9,990 | $1.3M | Reduce -26.1% |
Portfolio Sells Q3 2025 → Q4 2025
| JMUB JPMorgan Municipal ETF | Reduce -89.8% | 0.21% | −1.83 |
| VOO Vanguard S&P 500 ETF | Reduce -6.9% | 15.25% | −0.82 |
| IJH iShares Core S&P Midcap ETF | Reduce -17.9% | 3.61% | −0.76 |
| JGRO JPMorgan Active Growth ETF | Reduce -9.3% | 4.49% | −0.53 |
| VIGI Vanguard Int Div App Indx FD | Reduce -95.4% | 0.02% | −0.45 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -73.8% | 0.14% | −0.39 |
| IMCG iShares Morningstar Mid-Cap | Reduce -43.8% | 0.42% | −0.36 |
| IWF iShares Russell 1000 Growth | Reduce -69.2% | 0.14% | −0.31 |
| AOM iShares Core 40/60 Moderate | Reduce -74.1% | 0.10% | −0.29 |
| SCHG Schwab US Large-Cap Growth | Reduce -50.4% | 0.19% | −0.18 |
| PRN Invesco Dorsey Wright Indus | Reduce -49.5% | 0.08% | −0.18 |
| MSFT Microsoft Corp. | Reduce -1.8% | 1.49% | −0.14 |
| IEF iShares 7-10 Year Treasury B | Sold out | 0.00% | −0.13 |
| IAU iShares Gold Trust | Reduce -39.8% | 0.26% | −0.13 |
| SCHV Schwab US Large-Cap Value | Reduce -73.3% | 0.04% | −0.11 |
| DBP Invesco DB Precious Metals F | Sold out | 0.00% | −0.10 |
| IWP iShares Russell Mid-Cap Grow | Reduce -53.1% | 0.08% | −0.10 |
| IVV iShares Core S&P 500 ETF | Reduce -16.5% | 0.51% | −0.09 |
| IEMG iShares Core MSCI Emerging | Reduce -50.6% | 0.09% | −0.09 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -2.9% | 4.02% | −0.08 |
| IWS iShares Russell Mid-Cap Valu | Reduce -52.0% | 0.06% | −0.06 |
| NFLX Netflix Inc. | Reduce -37.5% | 0.06% | −0.06 |
| JMEE JPM Sma & Mid Cap En Eq Et-U | Reduce -16.3% | 0.33% | −0.06 |
| PAYX Paychex Inc. | Reduce -12.7% | 0.19% | −0.06 |
| IWO iShares Russell 2000 Growth | Reduce -60.1% | 0.04% | −0.06 |
| ANET Arista Networks Inc. | Reduce -26.1% | 0.11% | −0.06 |
| CPRT Copart Inc. | Sold out | 0.00% | −0.05 |
| CTAS Cintas Corp. | Reduce -1.2% | 0.48% | −0.05 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.05 |
| SCHD Schwab US DVD Equity ETF | Reduce -51.7% | 0.05% | −0.05 |
| BIV Vanguard Intermediate-Term B | Reduce -0.1% | 7.53% | −0.05 |
| IWN iShares Russell 2000 Value E | Sold out | 0.00% | −0.05 |
| VWO Vanguard Ftse Emerging Marke | Reduce -3.5% | 0.90% | −0.04 |
| ZTS Zoetis Inc. | Reduce -7.3% | 0.17% | −0.04 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Sold out | 0.00% | −0.04 |
| VRTX Vertex Pharmaceuticals Inc. | Sold out | 0.00% | −0.04 |
| PGR Progressive Corp. | Reduce -43.7% | 0.05% | −0.04 |
| EME Emcor Group Inc. | Sold out | 0.00% | −0.04 |
| META Meta Platforms Inc. Class A | Reduce -1.6% | 0.31% | −0.04 |
| DHI D.R. Horton Inc. | Reduce -1.7% | 0.20% | −0.04 |
| EOG EOG Resources Inc. | Reduce -6.6% | 0.26% | −0.04 |
| CMCSA Comcast Corp. Class A | Reduce -17.3% | 0.14% | −0.04 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.04 |
| SRLN SS Blackstone Sr Loan ETF | Sold out | 0.00% | −0.04 |
| IBDQ iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.04 |
| RMD Resmed Inc. | Sold out | 0.00% | −0.03 |
| SCHA Schwab US Small-Cap ETF | Reduce -54.5% | 0.03% | −0.03 |
| AGG iShares Core U.S. Aggregate | Reduce -45.6% | 0.04% | −0.03 |
| ROP Roper Technologies Inc. | Reduce -10.1% | 0.13% | −0.03 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -50.3% | 0.03% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| DFIC Dimensional International Co. | New | 2.90% | +2.90 |
| JFLX JPMorgan Flexible Debt ETF | Add +309.3% | 1.82% | +1.38 |
| DXUV Dimensional US Vtor Eqty ETF | New | 1.27% | +1.27 |
| DGRO iShares Core Dividend Growth | Add +16.2% | 5.61% | +0.85 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +9.1% | 4.46% | +0.42 |
| RSPU Invesco S&P 500 Equal Weight | Add +4.7% | 0.24% | +0.15 |
| IBIT iShares Bitcoin Trust ETF | New | 0.13% | +0.13 |
| IVW iShares S&P 500 Growth ETF | Add +100.8% | 0.22% | +0.11 |
| QQQ Invesco QQQ Trust Series 1 | Add +1.8% | 2.50% | +0.09 |
| EDIV State Street SPDR S&P Emergi | New | 0.07% | +0.07 |
| ISRG Intuitive Surgical Inc. | New | 0.07% | +0.07 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.5% | 0.68% | +0.06 |
| BAC Bank of America Corp. | Add +95.3% | 0.10% | +0.05 |
| VTI VG Morningstar TS MKT ETF-US | Add +8.9% | 0.49% | +0.05 |
| XONE Bondbloxx BBG 1 Dur US Treas | New | 0.04% | +0.04 |
| DLN Wisdomtree US Largecap Divid | New | 0.04% | +0.04 |
| ADSK Autodesk Inc. | New | 0.04% | +0.04 |
| SMH Vaneck Semiconductor ETF | New | 0.04% | +0.04 |
| ESML iShares ESG Aware MSCI USA S | Add +5.7% | 0.09% | +0.04 |
| MRK Merck & Co. Inc. | New | 0.04% | +0.04 |
| KNX Knight-Swift Transportation | New | 0.04% | +0.04 |
| WM Waste Management Inc. | New | 0.03% | +0.03 |
| NEE Nextera Energy Inc. | Add +4.3% | 0.32% | +0.03 |
| EXPE Expedia Group Inc. | New | 0.03% | +0.03 |
| HCA HCA Healthcare Inc. | Add +120.8% | 0.04% | +0.03 |
| VGT Vanguard Info Tech ETF | Add +14.0% | 0.20% | +0.03 |
| NTRA Natera Inc. | New | 0.02% | +0.02 |
| ROL Rollins Inc. | New | 0.02% | +0.02 |
| CFG Citizens Financial Group | New | 0.02% | +0.02 |
| REET iShares Global REIT ETF | New | 0.02% | +0.02 |
| KEX Kirby Corp. | New | 0.02% | +0.02 |
| TEAM Atlassian Corp. Class A | New | 0.02% | +0.02 |
| ACGL Arch Capital Group Ltd. | New | 0.02% | +0.02 |
| STX Seagate Technology Holdings | New | 0.02% | +0.02 |
| CTA Simplify Managed Futures St | New | 0.02% | +0.02 |
| BJ Bj's Wholesale Club Holdings | New | 0.02% | +0.02 |
| LNG Cheniere Energy Inc. | New | 0.02% | +0.02 |
| VRT Vertiv Holdings Co. Class A | Add +50.6% | 0.05% | +0.02 |
| BCI Abrdn Bloomberg All Commodit | New | 0.02% | +0.02 |
| CP Canadian Pacific Kansas City | New | 0.02% | +0.02 |
| GOVT iShares US Treasury Bond ETF | New | 0.02% | +0.02 |
| AVGO Broadcom Inc. | Add +2.2% | 0.30% | +0.02 |
| UBS UBS Group AG-Reg | New | 0.02% | +0.02 |
| EPAM Epam Systems Inc. | New | 0.02% | +0.02 |
| RS Reliance Inc. | New | 0.02% | +0.02 |
| AKRE Akre Focus ETF | New | 0.02% | +0.02 |
| GEM Goldman Sachs Activebeta Em | New | 0.02% | +0.02 |
| COO The Cooper Cos Inc. | New | 0.02% | +0.02 |
| AZN Astrazeneca PLC-Spons ADR | New | 0.02% | +0.02 |
| MNST Monster Beverage Corp. | New | 0.02% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 334 | $1.3B | VOO, BIV, DGRO, VUG, JGRO |
| Q1 2026 | 313 | $1.1B | VOO, BIV, DGRO, VUG, JGRO |
| Q4 2025 | 328 | $1.2B | VOO, BIV, DGRO, JGRO, VUG |
| Q3 2025 | 327 | $1.2B | VOO, BIV, JGRO, DGRO, IJH |
| Q2 2025 | 302 | $1.1B | VOO, BIV, DGRO, IJH, VB |
| Q1 2025 | 121 | $405.6M | IJH, DGRO, JGRO, VB, MSFT |
| Q4 2024 | 313 | $1.3B | VOO, DGRO, BIV, VO, VB |
| Q3 2024 | 256 | $1.2B | VOO, DGRO, BIV, SCHX, IJH |
| Q2 2024 | 244 | $1.2B | VOO, SCHX, DGRO, BIV, VO |
| Q1 2024 | 281 | $1.2B | VOO, DGRO, IDA, BIV, IJH |