AMG National Trust Bank

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 25, 2024), AMG National Trust Bank reported 437 stock positions worth $3.7 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 10.6% of the portfolio, followed by iShares Russell Mid-Cap ETF (IWR, 8.4%) and iShares Russell 2000 ETF (IWM, 5.1%). Compared with Q1 2024, it opened 36 new positions, sold out of 21, added to 252 and reduced 102. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +11%) and the biggest sale Ball (BALL, shares −2%).

Most Recent 13F
Q2 2026
Location
GREENWOOD VILLAGE, CO
CIK
0001388829
Portfolio Value
$3.7B (Q2 2024)
SEC Filing
0001085146-24-003244 ↗ filed Jul 25, 2024

Holdings Value

0$1.0B$2.0B$3.0B$4.0B$5.0B Q1 2024: $3.4B Q1 2024 Q2 2024: $3.7B $3.7B Q2 2024 Q3 2024: $3.7B Q3 2024 Q4 2024: $3.6B Q4 2024 Q1 2025: $3.6B Q1 2025 Q2 2025: $3.8B Q2 2025 Q3 2025: $4.1B Q3 2025 Q4 2025: $4.2B Q4 2025 Q1 2026: $4.6B Q1 2026 Q2 2026: $4.9B Q2 2026

Holdings 437 stocks · $3.7B

SPY SS SPDR S&P 500 ETF Trust-US 10.59% 718,893 $391.2M Add +10.6%
IWR iShares Russell Mid-Cap ETF 8.44% 3,846,913 $311.9M Add +2.0%
IWM iShares Russell 2000 ETF 5.13% 934,994 $189.7M Add +5.3%
IXUS iShares Core Intl Stock ETF 2.93% 1,605,287 $108.5M Add +2.1%
BND Vanguard Total Bond Market 2.73% 1,399,820 $100.9M Add +2.8%
LOW Lowe's Cos Inc. 2.66% 446,140 $98.4M Add +2.5%
IVV iShares Core S&P 500 ETF 2.43% 163,996 $89.7M Add +25.6%
VOO Vanguard S&P 500 ETF 2.26% 167,261 $83.7M Add +11.7%
AAPL Apple Inc. 2.26% 397,016 $83.6M Add +18.2%
IWB iShares Russell 1000 ETF 2.21% 274,352 $81.6M Add +6.0%
VTI VG Morningstar TS MKT ETF-US 2.18% 300,473 $80.4M Add +9.3%
BALL Ball Corp. 1.99% 1,226,122 $73.6M Reduce -1.5%
EFA iShares MSCI Eafe ETF 1.80% 847,105 $66.4M Add +6.8%
IEFA iShares Core MSCI Eafe ETF 1.55% 787,094 $57.2M Add +24.3%
IWF iShares Russell 1000 Growth 1.40% 141,557 $51.6M Add +4.0%
IWN iShares Russell 2000 Value E 1.28% 310,823 $47.3M Reduce -0.5%
QQQ Invesco QQQ Trust Series 1 1.20% 92,355 $44.2M Add +4.2%
IWS iShares Russell Mid-Cap Valu 1.18% 361,994 $43.7M Add +1.9%
VXUS Vanguard Total Intl Stock 1.18% 722,196 $43.5M Reduce -1.5%
ACWX iShares MSCI Acwi Ex US ETF 1.09% 756,084 $40.2M Reduce -1.5%
ICVT iShares Convertible Bond ETF 1.03% 484,267 $38.1M Add +7.7%
MSFT Microsoft Corp. 0.99% 81,502 $36.4M Add +19.0%
DVY iShares Select Dividend ETF 0.96% 294,707 $35.7M Add +5.3%
IWP iShares Russell Mid-Cap Grow 0.96% 321,760 $35.5M Add +2.5%
VB Vanguard Most SM-Cap ETF-Usd 0.82% 139,614 $30.4M Add +10.4%
HD Home Depot Inc. 0.81% 87,187 $30.0M Add +5.5%
MUB iShares National Muni Bond E 0.80% 279,055 $29.7M Add +34.2%
KTB Kontoor Brands Inc. 0.74% 412,054 $27.3M Reduce -1.1%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.71% 108,992 $26.4M Add +13.3%
IWD iShares Russell 1000 Value E 0.70% 147,842 $25.8M Add +3.2%
AMZN Amazon.com Inc. 0.69% 131,280 $25.4M Add +5.0%
GLD SPDR Gold Shares 0.65% 111,080 $23.9M Add +1.9%
GPK Graphic Packaging Holding Co. 0.60% 843,319 $22.1M No change
VFC VF Corp. 0.55% 1,503,510 $20.3M Reduce -12.8%
BRK.A Berkshire Hathaway Inc. Class A 0.55% 33 $20.2M No change
VIG Vanguard Dividend Apprec ETF 0.54% 109,608 $20.0M Add +9.4%
XLK SS Technology Select Sector 0.53% 86,381 $19.5M Add +49.4%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.50% 47,282 $18.5M Reduce -0.5%
ICF iShares Select U.S. REIT ETF 0.49% 316,125 $18.1M Reduce -1.9%
IWO iShares Russell 2000 Growth 0.44% 61,430 $16.1M Add +8.6%
TAP Molson Coors Beverage Co. Class B 0.43% 312,649 $15.9M No change
GNR State Street SPDR S&P Global 0.41% 268,922 $15.0M Add +41.9%
NVDA Nvidia Corp. 0.39% 118,113 $14.6M Add +7.3%
GOOG Alphabet Inc. Class C 0.39% 78,644 $14.4M Add +18.4%
JNJ Johnson & Johnson 0.39% 97,939 $14.3M Add +19.9%
JPM JPMorgan Chase & Co. 0.38% 68,857 $13.9M Add +28.1%
IAU iShares Gold Trust 0.36% 306,054 $13.4M Add +12.5%
IJH iShares Core S&P Midcap ETF 0.36% 228,543 $13.4M Add +21.3%
VCLT Vanguard Long-Term Corp. Bond 0.35% 172,687 $13.1M Add +104.7%
HRL Hormel Foods Corp. 0.35% 428,336 $13.1M Reduce -1.7%
GOOGL Alphabet Inc. Class A 0.35% 70,802 $12.9M Add +10.8%
VTIP Vanguard Short-Term Tips 0.34% 255,068 $12.4M Reduce -3.5%
BRK.B Berkshire Hathaway Inc. Class B 0.33% 29,982 $12.2M Add +28.4%
SLV iShares Silver Trust 0.32% 442,450 $11.8M Add +0.4%
VEU Vanguard Ftse All-World Ex-U 0.30% 189,699 $11.1M Add +7.0%
LLY Eli Lilly & Co. 0.29% 11,962 $10.8M Add +2.9%
XOM Exxon Mobil Corp. 0.29% 92,042 $10.6M Add +26.0%
PG The Procter & Gamble Co. 0.27% 60,668 $10.0M Add +16.7%
PFF iShares Preferred & Income S 0.27% 310,431 $9.8M Add +60.4%
KO The Coca-Cola Co. 0.26% 150,053 $9.6M Add +17.1%
IEMG iShares Core MSCI Emerging 0.26% 177,688 $9.5M Add +12.4%
PFG Principal Financial Group 0.26% 120,797 $9.5M Add +20.1%
SIVR Abrdn Physical Silver Shares 0.26% 339,626 $9.5M Add +8.9%
XLF SS Financial Select Sector 0.25% 224,330 $9.2M Add +35.3%
CWB SS SPDR BB Conv Sec ETF 0.25% 126,271 $9.1M Add +4.9%
IEI iShares 3-7 Year Treasury Bo 0.24% 77,939 $9.0M Add +67.2%
TXN Texas Instruments Inc. 0.24% 46,124 $9.0M Add +79.7%
GVI iShares Intermediate Governm 0.24% 86,187 $8.9M Add +33.6%
RTX RTX Corp. 0.24% 88,052 $8.8M Add +8.6%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.23% 78,628 $8.7M Add +36.1%
VYM Vanguard High DVD Yield ETF 0.23% 72,590 $8.6M Reduce -0.2%
UNH Unitedhealth Group Inc. 0.23% 16,895 $8.6M Add +8.9%
ESGV Vanguard ESG US Stock ETF 0.22% 85,438 $8.3M Add +18.8%
AMGN Amgen Inc. 0.22% 26,259 $8.2M Reduce -11.1%
SHV iShares 0-1 Year Treasury Bo 0.22% 73,995 $8.2M Add +80.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.22% 80,928 $8.0M Add +8.9%
ECL Ecolab Inc. 0.21% 33,110 $7.9M Add +0.8%
AXP American Express Co. 0.21% 33,307 $7.7M Add +27.7%
H Hyatt Hotels Corp. Class A 0.21% 50,642 $7.7M Add +13.1%
CVX Chevron Corp. 0.21% 49,091 $7.7M Add +21.8%
MDY State Street SPDR S&P Midcap 0.20% 13,766 $7.4M Add +62.8%
EZU iShares MSCI Eurozone ETF 0.19% 147,289 $7.2M Add +1.9%
SCHW Schwab (charles) Corp. 0.19% 95,147 $7.0M Reduce -18.2%
IEF iShares 7-10 Year Treasury B 0.19% 74,150 $6.9M Add +77.2%
SYK Stryker Corp. 0.19% 20,356 $6.9M Add +17.0%
IYE iShares U.S. Energy ETF 0.19% 142,787 $6.9M Add +2.4%
DHR Danaher Corp. 0.18% 27,152 $6.8M Add +31.6%
ORCL Oracle Corp. 0.18% 47,660 $6.7M Add +16.3%
VZ Verizon Communications Inc. 0.18% 161,909 $6.7M Add +2.9%
PEP Pepsico Inc. 0.18% 40,277 $6.6M Add +20.4%
META Meta Platforms Inc. Class A 0.18% 13,073 $6.6M Reduce -9.7%
IBDP iShares Ibonds Dec 2024 Term 0.18% 262,042 $6.6M Reduce -1.5%
TSLA Tesla Inc. 0.18% 32,863 $6.5M Add +587.8%
TSM Taiwan Semiconductor-SP ADR 0.17% 35,484 $6.2M Add +31.1%
TFC Truist Financial Corp. 0.17% 157,301 $6.1M Add +0.9%
C Citigroup Inc. 0.16% 94,644 $6.0M Add +1.3%
MSCI MSCI Inc. 0.15% 11,771 $5.7M Reduce -0.6%
ALL Allstate Corp. 0.15% 34,596 $5.5M Add +8.6%
EEM iShares MSCI Emerging Market 0.15% 127,770 $5.4M Add +10.4%
FDX FedEx Corp. 0.14% 17,871 $5.4M Reduce -0.5%

Show all 437 holdings

Options reported separately and not counted above: AAPL puts ($8.4M), META puts ($2.5M), MAR puts ($725K), NVDA puts ($618K).

Other holdings (1): bonds, preferreds, convertibles and warrants · $567K (not counted above)
SecurityClassShares / PrincipalValueChange
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 13,781$567KAdd +2.0%

Total filed on the 13F, all lines: $3.7B.

Portfolio Sells Q1 2024 → Q2 2024

BALL Ball Corp. Reduce -1.5% 1.99% −0.46
VFC VF Corp. Reduce -12.8% 0.55% −0.22
IWN iShares Russell 2000 Value E Reduce -0.5% 1.28% −0.17
GAP The Gap Inc. Reduce -70.2% 0.04% −0.11
VXUS Vanguard Total Intl Stock Reduce -1.5% 1.18% −0.11
ACWX iShares MSCI Acwi Ex US ETF Reduce -1.5% 1.09% −0.11
LEA Lear Corp. Sold out 0.00% −0.09
HRL Hormel Foods Corp. Reduce -1.7% 0.35% −0.09
PPLT Abrdn Physical Platinum SHRS Reduce -43.3% 0.11% −0.08
SPG Simon Property Group Inc. Sold out 0.00% −0.07
SCHW Schwab (charles) Corp. Reduce -18.2% 0.19% −0.06
ICF iShares Select U.S. REIT ETF Reduce -1.9% 0.49% −0.05
BBJP JPMorgan Betabuilders Japan Reduce -86.4% 0.01% −0.05
DIA SS SPDR Dow Jones Indus Avg Reduce -0.5% 0.50% −0.05
HTB Hometrust Bancshares Inc. Reduce -28.1% 0.13% −0.05
MSCI MSCI Inc. Reduce -0.6% 0.15% −0.04
M D C HLDGS INC Sold out 0.00% −0.04
CACC Credit Acceptance Corp. Sold out 0.00% −0.04
EWG iShares MSCI Germany ETF Sold out 0.00% −0.04
VTIP Vanguard Short-Term Tips Reduce -3.5% 0.34% −0.03
MAC The Macerich Co. Sold out 0.00% −0.03
GPN Global Payments Inc. Sold out 0.00% −0.03
EPHE iShares MSCI Philippines ETF Sold out 0.00% −0.03
BNDX Vanguard Total Intl Bond ETF Reduce -24.9% 0.06% −0.03
CG The Carlyle Group Inc. Reduce -0.7% 0.11% −0.03
META Meta Platforms Inc. Class A Reduce -9.7% 0.18% −0.03
USB US Bancorp Reduce -0.7% 0.12% −0.03
GE General Electric Reduce -16.5% 0.06% −0.03
MDT Medtronic PLC Reduce -4.5% 0.10% −0.02
VYM Vanguard High DVD Yield ETF Reduce -0.2% 0.23% −0.02
DOW Dow Inc. Reduce -0.4% 0.13% −0.02
AMGN Amgen Inc. Reduce -11.1% 0.22% −0.02
SU Suncor Energy Inc. Reduce -27.0% 0.05% −0.02
BAC Bank of America Corp. Reduce -23.3% 0.06% −0.02
GRMN Garmin Ltd. Reduce -54.3% 0.02% −0.02
TFX Teleflex Inc. Sold out 0.00% −0.02
IBDP iShares Ibonds Dec 2024 Term Reduce -1.5% 0.18% −0.02
FISV Fiserv Inc. Reduce -1.6% 0.09% −0.02
EIDO iShares MSCI Indonesia ETF Reduce -25.0% 0.02% −0.02
GEV GE Vernova Inc. Reduce -72.4% 0.01% −0.02
MA Mastercard Inc. Class A Reduce -3.5% 0.07% −0.02
SHW The Sherwin-Williams Co. Reduce -0.1% 0.06% −0.02
EMQQ Emg MKT Internet ETF-USA Inc. Sold out 0.00% −0.02
COF Capital One Financial Corp. Reduce -0.7% 0.09% −0.02
BDX Becton Dickinson and Co. Reduce -3.4% 0.07% −0.01
D Dominion Energy Inc. Reduce -8.0% 0.08% −0.01
CATX Perspective Therapeutics Inc. Sold out 0.00% −0.01
WTW Willis Towers Watson PLC Reduce -0.4% 0.09% −0.01
WM Waste Management Inc. Sold out 0.00% −0.01
DG Dollar General Corp. Sold out 0.00% −0.01

Portfolio Buys Q1 2024 → Q2 2024

SPY SS SPDR S&P 500 ETF Trust-US Add +10.6% 10.59% +0.65
AAPL Apple Inc. Add +18.2% 2.26% +0.58
IVV iShares Core S&P 500 ETF Add +25.6% 2.43% +0.42
XLK SS Technology Select Sector Add +49.4% 0.53% +0.18
IEFA iShares Core MSCI Eafe ETF Add +24.3% 1.55% +0.17
VCLT Vanguard Long-Term Corp. Bond Add +104.7% 0.35% +0.16
VOO Vanguard S&P 500 ETF Add +11.7% 2.26% +0.16
TSLA Tesla Inc. Add +587.8% 0.18% +0.15
MUB iShares National Muni Bond E Add +34.2% 0.80% +0.15
MSFT Microsoft Corp. Add +19.0% 0.99% +0.14
KVUE Kenvue Inc. New 0.13% +0.13
TXN Texas Instruments Inc. Add +79.7% 0.24% +0.11
NVDA Nvidia Corp. Add +7.3% 0.39% +0.10
GOOG Alphabet Inc. Class C Add +18.4% 0.39% +0.09
SHV iShares 0-1 Year Treasury Bo Add +80.1% 0.22% +0.09
VTI VG Morningstar TS MKT ETF-US Add +9.3% 2.18% +0.09
IEI iShares 3-7 Year Treasury Bo Add +67.2% 0.24% +0.09
GNR State Street SPDR S&P Global Add +41.9% 0.41% +0.09
PFF iShares Preferred & Income S Add +60.4% 0.27% +0.08
IEF iShares 7-10 Year Treasury B Add +77.2% 0.19% +0.07
GOOGL Alphabet Inc. Class A Add +10.8% 0.35% +0.07
TJX TJX Companies Inc. Add +36.1% 0.23% +0.06
JPM JPMorgan Chase & Co. Add +28.1% 0.38% +0.06
BMY Bristol-Myers Squibb Co. Add +166.1% 0.13% +0.06
MDY State Street SPDR S&P Midcap Add +62.8% 0.20% +0.06
TSM Taiwan Semiconductor-SP ADR Add +31.1% 0.17% +0.06
IWF iShares Russell 1000 Growth Add +4.0% 1.40% +0.06
AEP American Electric Power New 0.05% +0.05
QQQ Invesco QQQ Trust Series 1 Add +4.2% 1.20% +0.05
HDV iShares Core High Dividend E Add +107.9% 0.10% +0.05
GVI iShares Intermediate Governm Add +33.6% 0.24% +0.05
XLF SS Financial Select Sector Add +35.3% 0.25% +0.05
NEE Nextera Energy Inc. Add +41.1% 0.14% +0.04
BRK.B Berkshire Hathaway Inc. Class B Add +28.4% 0.33% +0.04
ENZL iShares MSCI New Zealand ETF New 0.04% +0.04
SIVR Abrdn Physical Silver Shares Add +8.9% 0.26% +0.04
XOM Exxon Mobil Corp. Add +26.0% 0.29% +0.04
NI Nisource Inc. New 0.04% +0.04
AXP American Express Co. Add +27.7% 0.21% +0.04
XLV SS Health Care Select Sector Add +49.6% 0.13% +0.03
DOCU Docusign Inc. New 0.03% +0.03
BLV Vanguard Long-Term Bond ETF Add +105.1% 0.07% +0.03
DHR Danaher Corp. Add +31.6% 0.18% +0.03
XLI SS Industrial Select Sector Add +45.3% 0.14% +0.03
BSV Vanguard Short-Term Bond ETF Add +207.2% 0.05% +0.03
EMXC iShares MSCI Emr MRK Ex Chna New 0.03% +0.03
IWB iShares Russell 1000 ETF Add +6.0% 2.21% +0.03
ORCL Oracle Corp. Add +16.3% 0.18% +0.03
IAU iShares Gold Trust Add +12.5% 0.36% +0.03
WMT Walmart Inc. Add +22.2% 0.14% +0.03

Options Activity Q1 2024 → Q2 2024

NVDA Nvidia Corp. put New 5,000 $618K
RTX RTX Corp. put Sold out 40,000 $4Kbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q1 2024 → Q2 2024

OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 Add +2.0% 13,781 $567K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 439$4.9BSPY, IWR, IWM, VOO, IXUS
Q1 2026 471$4.6BSPY, IWR, IWM, VOO, IXUS
Q4 2025 448$4.2BSPY, IWR, IWM, VOO, IXUS
Q3 2025 446$4.1BSPY, IWR, IWM, VOO, IXUS
Q2 2025 441$3.8BSPY, IWR, IWM, VOO, IXUS
Q1 2025 436$3.6BSPY, IWR, IWM, VOO, IXUS
Q4 2024 441$3.6BSPY, IWR, IWM, LOW, VOO
Q3 2024 433$3.7BSPY, IWR, IWM, LOW, IXUS
Q2 2024 437$3.7BSPY, IWR, IWM, IXUS, BND
Q1 2024 421$3.4BSPY, IWR, IWM, LOW, IXUS