AMG National Trust Bank
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 5, 2025), AMG National Trust Bank reported 436 stock positions worth $3.6 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 9.5% of the portfolio, followed by iShares Russell Mid-Cap ETF (IWR, 9.0%) and iShares Russell 2000 ETF (IWM, 4.9%). Compared with Q4 2024, it opened 19 new positions, sold out of 24, added to 169 and reduced 173. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +23%) and the biggest sale iShares Russell 2000 ETF (IWM, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- GREENWOOD VILLAGE, CO
- CIK
- 0001388829
- Portfolio Value
- $3.6B (Q1 2025)
- SEC Filing
- 0001085146-25-002594 ↗ filed May 5, 2025
Holdings Value
Holdings 436 stocks · $3.6B
| SPY SS SPDR S&P 500 ETF Trust-US | 9.53% | 607,119 | $339.6M | Reduce -1.4% |
| IWR iShares Russell Mid-Cap ETF | 9.04% | 3,788,245 | $322.3M | Reduce -0.3% |
| IWM iShares Russell 2000 ETF | 4.86% | 868,950 | $173.3M | Reduce -2.5% |
| VOO Vanguard S&P 500 ETF | 3.47% | 240,875 | $123.8M | Add +22.5% |
| IXUS iShares Core Intl Stock ETF | 2.97% | 1,516,188 | $105.8M | Reduce -4.3% |
| LOW Lowe's Cos Inc. | 2.85% | 435,365 | $101.5M | Add +0.3% |
| BND Vanguard Total Bond Market | 2.83% | 1,374,601 | $101.0M | Add +0.3% |
| IWB iShares Russell 1000 ETF | 2.14% | 248,562 | $76.2M | Reduce -0.5% |
| VTI VG Morningstar TS MKT ETF-US | 2.12% | 275,050 | $75.6M | Reduce -0.7% |
| AAPL Apple Inc. | 2.11% | 337,850 | $75.0M | Add +2.6% |
| IVV iShares Core S&P 500 ETF | 2.10% | 133,213 | $74.9M | Reduce -0.4% |
| BALL Ball Corp. | 1.99% | 1,362,560 | $70.9M | Reduce -1.9% |
| EFA iShares MSCI Eafe ETF | 1.64% | 716,473 | $58.6M | Reduce -4.5% |
| IEFA iShares Core MSCI Eafe ETF | 1.58% | 746,275 | $56.5M | Reduce -4.1% |
| IWF iShares Russell 1000 Growth | 1.40% | 137,927 | $49.8M | Reduce -1.0% |
| IWS iShares Russell Mid-Cap Valu | 1.21% | 342,268 | $43.1M | Reduce -2.0% |
| VXUS Vanguard Total Intl Stock | 1.21% | 693,759 | $43.1M | Reduce -2.3% |
| IWN iShares Russell 2000 Value E | 1.18% | 278,190 | $42.0M | Reduce -3.9% |
| QQQ Invesco QQQ Trust Series 1 | 1.16% | 88,347 | $41.4M | Reduce -1.1% |
| ICVT iShares Convertible Bond ETF | 1.15% | 488,995 | $40.9M | Add +1.9% |
| DVY iShares Select Dividend ETF | 1.12% | 298,168 | $40.0M | Add +0.8% |
| ACWX iShares MSCI Acwi Ex US ETF | 1.10% | 708,737 | $39.3M | Reduce -3.1% |
| IWP iShares Russell Mid-Cap Grow | 1.07% | 326,156 | $38.3M | Add +1.9% |
| HD Home Depot Inc. | 0.92% | 89,832 | $32.9M | Add +0.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.92% | 126,697 | $32.8M | Add +21.1% |
| GLD SPDR Gold Shares | 0.86% | 106,896 | $30.8M | Reduce -1.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.78% | 126,101 | $28.0M | Add +3.4% |
| MSFT Microsoft Corp. | 0.76% | 72,174 | $27.1M | Add +1.0% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.74% | 33 | $26.3M | No change |
| IWD iShares Russell 1000 Value E | 0.71% | 133,918 | $25.2M | Reduce -1.2% |
| AMZN Amazon.com Inc. | 0.69% | 128,861 | $24.5M | Add +1.3% |
| VIG Vanguard Dividend Apprec ETF | 0.62% | 113,749 | $22.1M | Add +2.4% |
| GPK Graphic Packaging Holding Co. | 0.61% | 842,953 | $21.9M | Reduce -0.0% |
| VFC VF Corp. | 0.60% | 1,368,839 | $21.2M | Reduce -2.2% |
| GNR State Street SPDR S&P Global | 0.58% | 386,185 | $20.6M | Add +6.4% |
| MUB iShares National Muni Bond E | 0.56% | 187,774 | $19.8M | Reduce -2.8% |
| ICF iShares Select U.S. REIT ETF | 0.55% | 319,196 | $19.6M | Reduce -0.9% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.54% | 46,256 | $19.4M | Reduce -1.3% |
| TAP Molson Coors Beverage Co. Class B | 0.54% | 314,579 | $19.1M | Reduce -0.1% |
| SIVR Abrdn Physical Silver Shares | 0.52% | 571,191 | $18.6M | Add +17.6% |
| IAU iShares Gold Trust | 0.50% | 302,350 | $17.8M | Add +2.1% |
| VTIP Vanguard Short-Term Tips | 0.48% | 345,638 | $17.2M | Add +18.7% |
| JPM JPMorgan Chase & Co. | 0.46% | 66,803 | $16.4M | Add +26.3% |
| IWO iShares Russell 2000 Growth | 0.44% | 60,968 | $15.6M | Reduce -1.9% |
| VTWO Vanguard Russell 2000 ETF | 0.42% | 185,460 | $15.0M | Add +123.1% |
| VCLT Vanguard Long-Term Corp. Bond | 0.42% | 195,032 | $14.8M | Reduce -1.0% |
| SHV iShares 0-1 Year Treasury Bo | 0.41% | 132,675 | $14.7M | Add +181.3% |
| SLV iShares Silver Trust | 0.38% | 436,981 | $13.5M | Reduce -0.6% |
| HRL Hormel Foods Corp. | 0.35% | 400,243 | $12.4M | Reduce -5.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.35% | 23,148 | $12.3M | Reduce -2.7% |
| XLK SS Technology Select Sector | 0.34% | 59,279 | $12.2M | Reduce -1.3% |
| JNJ Johnson & Johnson | 0.33% | 71,409 | $11.8M | Reduce -2.6% |
| GOOG Alphabet Inc. Class C | 0.31% | 70,790 | $11.1M | Add +5.8% |
| VEU Vanguard Ftse All-World Ex-U | 0.31% | 181,281 | $11.0M | Add +0.8% |
| RTX RTX Corp. | 0.31% | 82,518 | $10.9M | Add +0.7% |
| IJH iShares Core S&P Midcap ETF | 0.30% | 186,024 | $10.9M | Reduce -2.9% |
| NVDA Nvidia Corp. | 0.30% | 100,000 | $10.8M | Reduce -0.3% |
| PFF iShares Preferred & Income S | 0.29% | 338,309 | $10.4M | Reduce -1.7% |
| CVX Chevron Corp. | 0.28% | 60,635 | $10.1M | Add +0.4% |
| GOOGL Alphabet Inc. Class A | 0.27% | 63,308 | $9.8M | Add +3.4% |
| VYM Vanguard High DVD Yield ETF | 0.27% | 75,800 | $9.8M | Add +4.5% |
| CWB SS SPDR BB Conv Sec ETF | 0.26% | 123,072 | $9.4M | Reduce -0.3% |
| XOM Exxon Mobil Corp. | 0.26% | 78,049 | $9.3M | Add +3.1% |
| KO The Coca-Cola Co. | 0.26% | 128,693 | $9.2M | Add +1.2% |
| PFG Principal Financial Group | 0.25% | 105,583 | $8.9M | No change |
| LLY Eli Lilly & Co. | 0.25% | 10,762 | $8.9M | Add +0.8% |
| KTB Kontoor Brands Inc. | 0.24% | 135,613 | $8.7M | Reduce -29.4% |
| PG The Procter & Gamble Co. | 0.24% | 50,014 | $8.5M | Reduce 0.0% |
| XLF SS Financial Select Sector | 0.24% | 169,600 | $8.4M | Reduce -0.8% |
| ESGV Vanguard ESG US Stock ETF | 0.23% | 82,140 | $8.0M | Reduce -2.5% |
| IEMG iShares Core MSCI Emerging | 0.22% | 145,086 | $7.8M | Reduce -9.3% |
| META Meta Platforms Inc. Class A | 0.22% | 13,541 | $7.8M | Add +2.8% |
| UNH Unitedhealth Group Inc. | 0.22% | 14,775 | $7.7M | Reduce -1.0% |
| EZU iShares MSCI Eurozone ETF | 0.22% | 144,534 | $7.7M | Reduce -1.2% |
| GVI iShares Intermediate Governm | 0.21% | 72,017 | $7.6M | Reduce -1.6% |
| ECL Ecolab Inc. | 0.21% | 29,695 | $7.5M | Reduce -21.1% |
| SCHW Schwab (charles) Corp. | 0.21% | 95,801 | $7.5M | Add +20.7% |
| CVS CVS Health Corp. | 0.21% | 109,512 | $7.4M | Add +9.7% |
| BMY Bristol-Myers Squibb Co. | 0.21% | 120,470 | $7.3M | Reduce -1.4% |
| GILD Gilead Sciences Inc. | 0.21% | 65,516 | $7.3M | Reduce -2.1% |
| VZ Verizon Communications Inc. | 0.20% | 158,089 | $7.2M | Add +1.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.20% | 57,191 | $7.0M | Reduce -0.4% |
| AXP American Express Co. | 0.19% | 25,573 | $6.9M | Reduce -0.3% |
| MSCI MSCI Inc. | 0.19% | 11,771 | $6.7M | No change |
| KVUE Kenvue Inc. | 0.18% | 273,435 | $6.6M | Reduce -2.4% |
| C Citigroup Inc. | 0.18% | 88,146 | $6.3M | Reduce -1.5% |
| IEF iShares 7-10 Year Treasury B | 0.17% | 63,332 | $6.0M | Add +3.8% |
| WMT Walmart Inc. | 0.17% | 67,258 | $5.9M | Add +4.1% |
| IYE iShares U.S. Energy ETF | 0.16% | 119,149 | $5.9M | Reduce -15.5% |
| SYK Stryker Corp. | 0.16% | 15,573 | $5.8M | Add +0.2% |
| V Visa Inc. Class A | 0.16% | 15,937 | $5.6M | Add +0.3% |
| ORCL Oracle Corp. | 0.16% | 39,848 | $5.6M | Add +1.1% |
| IEI iShares 3-7 Year Treasury Bo | 0.15% | 46,783 | $5.5M | Add +2.6% |
| BNDX Vanguard Total Intl Bond ETF | 0.15% | 109,454 | $5.3M | Add +109.3% |
| OXY Occidental Petroleum Corp. | 0.15% | 107,186 | $5.3M | Add +25.1% |
| DOW Dow Inc. | 0.14% | 139,857 | $4.9M | Add +44.3% |
| PEP Pepsico Inc. | 0.13% | 31,851 | $4.8M | Add +0.7% |
| ABBV Abbvie Inc. | 0.13% | 22,776 | $4.8M | Add +3.2% |
| NEM Newmont Corp. | 0.13% | 97,745 | $4.7M | Add +9.0% |
| BABA Alibaba Group Holding-SP ADR | 0.13% | 35,414 | $4.7M | Reduce -1.6% |
Options reported separately and not counted above: AAPL puts ($8.9M), RTX puts ($2.6M), CARR puts ($1.9M), NVDA puts ($791K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $355K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 12,840 | $355K | Reduce -5.0% |
Total filed on the 13F, all lines: $3.6B.
Portfolio Sells Q4 2024 → Q1 2025
| IWM iShares Russell 2000 ETF | Reduce -2.5% | 4.86% | −0.56 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.4% | 9.53% | −0.46 |
| VFC VF Corp. | Reduce -2.2% | 0.60% | −0.23 |
| IWR iShares Russell Mid-Cap ETF | Reduce -0.3% | 9.04% | −0.23 |
| KTB Kontoor Brands Inc. | Reduce -29.4% | 0.24% | −0.21 |
| IWF iShares Russell 1000 Growth | Reduce -1.0% | 1.40% | −0.16 |
| TFC Truist Financial Corp. | Reduce -77.2% | 0.04% | −0.14 |
| IWN iShares Russell 2000 Value E | Reduce -3.9% | 1.18% | −0.13 |
| BALL Ball Corp. | Reduce -1.9% | 1.99% | −0.12 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -1.1% | 1.16% | −0.11 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.7% | 2.12% | −0.10 |
| WBD Warner Bros Discovery Inc. | Reduce -59.9% | 0.06% | −0.09 |
| IWB iShares Russell 1000 ETF | Reduce -0.5% | 2.14% | −0.09 |
| SWKS Skyworks Solutions Inc. | Sold out | 0.00% | −0.09 |
| D Dominion Energy Inc. | Sold out | 0.00% | −0.08 |
| LHX L3HARRIS Technologies Inc. | Reduce -73.9% | 0.03% | −0.08 |
| IVV iShares Core S&P 500 ETF | Reduce -0.4% | 2.10% | −0.08 |
| NVDA Nvidia Corp. | Reduce -0.3% | 0.30% | −0.07 |
| SEDG Solaredge Technologies Inc. | Sold out | 0.00% | −0.07 |
| PPLT Abrdn Physical Platinum SHRS | Reduce -75.3% | 0.02% | −0.06 |
| IWO iShares Russell 2000 Growth | Reduce -1.9% | 0.44% | −0.06 |
| IVW iShares S&P 500 Growth ETF | Reduce -34.0% | 0.07% | −0.04 |
| XLK SS Technology Select Sector | Reduce -1.3% | 0.34% | −0.04 |
| DIS The Walt Disney Co. | Reduce -25.2% | 0.09% | −0.04 |
| TMUS T-Mobile US Inc. | Reduce -55.8% | 0.05% | −0.04 |
| AVGO Broadcom Inc. | Reduce -3.6% | 0.09% | −0.04 |
| IWS iShares Russell Mid-Cap Valu | Reduce -2.0% | 1.21% | −0.04 |
| GAP The Gap Inc. | Sold out | 0.00% | −0.03 |
| ECL Ecolab Inc. | Reduce -21.1% | 0.21% | −0.03 |
| EXPE Expedia Group Inc. | Sold out | 0.00% | −0.03 |
| KWR Quaker Chemical Corporation | Sold out | 0.00% | −0.03 |
| CG The Carlyle Group Inc. | Sold out | 0.00% | −0.03 |
| LYB Lyondellbasell Indu Class A | Sold out | 0.00% | −0.03 |
| FFIV F5 Inc. | Reduce -52.5% | 0.03% | −0.03 |
| IJH iShares Core S&P Midcap ETF | Reduce -2.9% | 0.30% | −0.02 |
| KEY Keycorp | Reduce -34.7% | 0.04% | −0.02 |
| CRM Salesforce Inc. | Reduce -13.5% | 0.05% | −0.02 |
| MC Moelis & Co. Class A | Sold out | 0.00% | −0.02 |
| BAH Booz Allen Hamilton Holdings | Sold out | 0.00% | −0.02 |
| ESGV Vanguard ESG US Stock ETF | Reduce -2.5% | 0.23% | −0.02 |
| FDX FedEx Corp. | Reduce -2.4% | 0.12% | −0.02 |
| HRL Hormel Foods Corp. | Reduce -5.8% | 0.35% | −0.02 |
| DHR Danaher Corp. | Reduce -5.0% | 0.11% | −0.02 |
| AXP American Express Co. | Reduce -0.3% | 0.19% | −0.02 |
| IVE iShares S&P 500 Value ETF | Reduce -35.1% | 0.03% | −0.02 |
| GPK Graphic Packaging Holding Co. | Reduce -0.0% | 0.61% | −0.02 |
| JEF Jefferies Financial Group Inc. | Reduce -10.0% | 0.03% | −0.02 |
| USB US Bancorp | Reduce -0.3% | 0.12% | −0.02 |
| JHG Janus Henderson Group PLC | Reduce -25.6% | 0.03% | −0.01 |
| SF Stifel Financial Corp. | Reduce -28.4% | 0.02% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| VOO Vanguard S&P 500 ETF | Add +22.5% | 3.47% | +0.54 |
| SHV iShares 0-1 Year Treasury Bo | Add +181.3% | 0.41% | +0.27 |
| VTWO Vanguard Russell 2000 ETF | Add +123.1% | 0.42% | +0.21 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +21.1% | 0.92% | +0.16 |
| SIVR Abrdn Physical Silver Shares | Add +17.6% | 0.52% | +0.15 |
| BND Vanguard Total Bond Market | Add +0.3% | 2.83% | +0.11 |
| JPM JPMorgan Chase & Co. | Add +26.3% | 0.46% | +0.11 |
| IAU iShares Gold Trust | Add +2.1% | 0.50% | +0.10 |
| VTIP Vanguard Short-Term Tips | Add +18.7% | 0.48% | +0.09 |
| CVS CVS Health Corp. | Add +9.7% | 0.21% | +0.09 |
| GPN Global Payments Inc. | New | 0.09% | +0.09 |
| GNR State Street SPDR S&P Global | Add +6.4% | 0.58% | +0.08 |
| BNDX Vanguard Total Intl Bond ETF | Add +109.3% | 0.15% | +0.08 |
| MGA Magna International Inc. | New | 0.06% | +0.06 |
| XEL Xcel Energy Inc. | Add +598.8% | 0.07% | +0.06 |
| DVY iShares Select Dividend ETF | Add +0.8% | 1.12% | +0.06 |
| VONV Vanguard Russell 1000 Value | Add +234.9% | 0.07% | +0.05 |
| PUK Prudential PLC-ADR | Add +83.4% | 0.08% | +0.05 |
| HUM Humana Inc. | Add +105.1% | 0.09% | +0.05 |
| SCHW Schwab (charles) Corp. | Add +20.7% | 0.21% | +0.05 |
| BMRN Biomarin Pharmaceutical Inc. | New | 0.05% | +0.05 |
| VTWV Vanguard Russell 2000 Value | Add +171.0% | 0.08% | +0.05 |
| DK Delek US Holdings Inc. | New | 0.05% | +0.05 |
| RTX RTX Corp. | Add +0.7% | 0.31% | +0.05 |
| CVX Chevron Corp. | Add +0.4% | 0.28% | +0.04 |
| RUN Sunrun Inc. | New | 0.04% | +0.04 |
| NEM Newmont Corp. | Add +9.0% | 0.13% | +0.04 |
| KO The Coca-Cola Co. | Add +1.2% | 0.26% | +0.04 |
| XOM Exxon Mobil Corp. | Add +3.1% | 0.26% | +0.04 |
| BAX Baxter International Inc. | Add +13.4% | 0.13% | +0.03 |
| OXY Occidental Petroleum Corp. | Add +25.1% | 0.15% | +0.03 |
| GSK GSK PLC-Spon ADR | Add +55.1% | 0.08% | +0.03 |
| BTI British American Tob-SP ADR | Add +33.0% | 0.09% | +0.03 |
| DOW Dow Inc. | Add +44.3% | 0.14% | +0.03 |
| VZ Verizon Communications Inc. | Add +1.9% | 0.20% | +0.03 |
| NGG National Grid PLC-SP ADR | Add +131.7% | 0.05% | +0.03 |
| HUN Huntsman Corp. | Add +167.4% | 0.05% | +0.03 |
| VTWG Vanguard Russell 2000 Growth | Add +118.8% | 0.06% | +0.03 |
| ABBV Abbvie Inc. | Add +3.2% | 0.13% | +0.03 |
| VONG Vanguard Russell 1000 Growth | Add +232.2% | 0.04% | +0.03 |
| SLB SLB Ltd. | Add +69.0% | 0.05% | +0.03 |
| BDX Becton Dickinson and Co. | Add +85.4% | 0.05% | +0.02 |
| GLDM SPDR Gold Minishares Trust | Add +200.8% | 0.03% | +0.02 |
| BA The Boeing Co. | Add +67.0% | 0.06% | +0.02 |
| VEU Vanguard Ftse All-World Ex-U | Add +0.8% | 0.31% | +0.02 |
| VONE Vanguard Russell 1000 | Add +233.8% | 0.03% | +0.02 |
| BWA Borgwarner Inc. | Add +137.4% | 0.04% | +0.02 |
| LLY Eli Lilly & Co. | Add +0.8% | 0.25% | +0.02 |
| ZBH Zimmer Biomet Holdings Inc. | Add +11.2% | 0.12% | +0.02 |
| ICVT iShares Convertible Bond ETF | Add +1.9% | 1.15% | +0.02 |
Options Activity Q4 2024 → Q1 2025
| META Meta Platforms Inc. Class A | put | Sold out | 5,000 | $2.9Mbefore exit |
| RTX RTX Corp. | put | Add +0.0% | 20,000 | $2.6M |
| MAR Marriott International Class A | put | Sold out | 3,000 | $837Kbefore exit |
| NVDA Nvidia Corp. | put | Add +46.0% | 7,300 | $791K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Reduce -5.0% | 12,840 | $355K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 439 | $4.9B | SPY, IWR, IWM, VOO, IXUS |
| Q1 2026 | 471 | $4.6B | SPY, IWR, IWM, VOO, IXUS |
| Q4 2025 | 448 | $4.2B | SPY, IWR, IWM, VOO, IXUS |
| Q3 2025 | 446 | $4.1B | SPY, IWR, IWM, VOO, IXUS |
| Q2 2025 | 441 | $3.8B | SPY, IWR, IWM, VOO, IXUS |
| Q1 2025 | 436 | $3.6B | SPY, IWR, IWM, VOO, IXUS |
| Q4 2024 | 441 | $3.6B | SPY, IWR, IWM, LOW, VOO |
| Q3 2024 | 433 | $3.7B | SPY, IWR, IWM, LOW, IXUS |
| Q2 2024 | 437 | $3.7B | SPY, IWR, IWM, IXUS, BND |
| Q1 2024 | 421 | $3.4B | SPY, IWR, IWM, LOW, IXUS |