AMG National Trust Bank
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 4, 2025), AMG National Trust Bank reported 441 stock positions worth $3.8 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 9.8% of the portfolio, followed by iShares Russell Mid-Cap ETF (IWR, 9.2%) and iShares Russell 2000 ETF (IWM, 4.8%). Compared with Q1 2025, it opened 30 new positions, sold out of 25, added to 176 and reduced 142. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +12%) and the biggest sale VF (VFC, shares −20%).
- Most Recent 13F
- Q2 2026
- Location
- GREENWOOD VILLAGE, CO
- CIK
- 0001388829
- Portfolio Value
- $3.8B (Q2 2025)
- SEC Filing
- 0001085146-25-004480 ↗ filed Aug 4, 2025
Holdings Value
Holdings 441 stocks · $3.8B
| SPY SS SPDR S&P 500 ETF Trust-US | 9.77% | 601,208 | $371.5M | Reduce -1.0% |
| IWR iShares Russell Mid-Cap ETF | 9.18% | 3,796,616 | $349.2M | Add +0.2% |
| IWM iShares Russell 2000 ETF | 4.76% | 838,266 | $180.9M | Reduce -3.5% |
| VOO Vanguard S&P 500 ETF | 4.03% | 269,806 | $153.3M | Add +12.0% |
| IXUS iShares Core Intl Stock ETF | 3.08% | 1,515,241 | $117.1M | Reduce -0.1% |
| BND Vanguard Total Bond Market | 2.70% | 1,394,825 | $102.7M | Add +1.5% |
| LOW Lowe's Cos Inc. | 2.54% | 435,607 | $96.6M | Add +0.1% |
| IWB iShares Russell 1000 ETF | 2.21% | 247,705 | $84.1M | Reduce -0.3% |
| VTI VG Morningstar TS MKT ETF-US | 2.20% | 275,620 | $83.8M | Add +0.2% |
| IVV iShares Core S&P 500 ETF | 2.15% | 131,452 | $81.6M | Reduce -1.3% |
| AAPL Apple Inc. | 1.84% | 341,099 | $70.0M | Add +1.0% |
| BALL Ball Corp. | 1.82% | 1,235,515 | $69.3M | Reduce -9.3% |
| IEFA iShares Core MSCI Eafe ETF | 1.69% | 768,291 | $64.1M | Add +3.0% |
| EFA iShares MSCI Eafe ETF | 1.67% | 709,464 | $63.4M | Reduce -1.0% |
| IWF iShares Russell 1000 Growth | 1.44% | 128,978 | $54.8M | Reduce -6.5% |
| VXUS Vanguard Total Intl Stock | 1.29% | 712,922 | $49.3M | Add +2.8% |
| QQQ Invesco QQQ Trust Series 1 | 1.26% | 86,652 | $47.8M | Reduce -1.9% |
| IWP iShares Russell Mid-Cap Grow | 1.20% | 329,913 | $45.8M | Add +1.1% |
| IWS iShares Russell Mid-Cap Valu | 1.17% | 337,660 | $44.6M | Reduce -1.4% |
| ICVT iShares Convertible Bond ETF | 1.16% | 487,552 | $43.9M | Reduce -0.3% |
| ACWX iShares MSCI Acwi Ex US ETF | 1.12% | 697,291 | $42.5M | Reduce -1.6% |
| IWN iShares Russell 2000 Value E | 1.11% | 266,461 | $42.0M | Reduce -4.2% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.05% | 142,798 | $40.0M | Add +12.7% |
| DVY iShares Select Dividend ETF | 1.05% | 299,320 | $39.8M | Add +0.4% |
| MSFT Microsoft Corp. | 0.94% | 72,254 | $35.9M | Add +0.1% |
| HD Home Depot Inc. | 0.87% | 89,901 | $33.0M | Add +0.1% |
| GLD SPDR Gold Shares | 0.84% | 104,873 | $32.0M | Reduce -1.9% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.82% | 131,788 | $31.2M | Add +4.5% |
| AMZN Amazon.com Inc. | 0.74% | 128,173 | $28.1M | Reduce -0.5% |
| VTWO Vanguard Russell 2000 ETF | 0.71% | 308,028 | $26.9M | Add +66.1% |
| IWD iShares Russell 1000 Value E | 0.68% | 133,535 | $25.9M | Reduce -0.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.63% | 33 | $24.1M | No change |
| VIG Vanguard Dividend Apprec ETF | 0.62% | 115,669 | $23.7M | Add +1.7% |
| GNR State Street SPDR S&P Global | 0.61% | 428,714 | $23.3M | Add +11.0% |
| SIVR Abrdn Physical Silver Shares | 0.53% | 588,862 | $20.3M | Add +3.1% |
| MUB iShares National Muni Bond E | 0.53% | 193,558 | $20.2M | Add +3.1% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.51% | 44,372 | $19.6M | Reduce -4.1% |
| ICF iShares Select U.S. REIT ETF | 0.51% | 315,405 | $19.3M | Reduce -1.2% |
| JPM JPMorgan Chase & Co. | 0.51% | 66,477 | $19.3M | Reduce -0.5% |
| IAU iShares Gold Trust | 0.50% | 306,824 | $19.1M | Add +1.5% |
| GPK Graphic Packaging Holding Co. | 0.47% | 842,953 | $17.8M | No change |
| VTIP Vanguard Short-Term Tips | 0.46% | 348,632 | $17.5M | Add +0.9% |
| NVDA Nvidia Corp. | 0.43% | 102,383 | $16.2M | Add +2.4% |
| IWO iShares Russell 2000 Growth | 0.42% | 56,327 | $16.1M | Reduce -7.6% |
| TAP Molson Coors Beverage Co. Class B | 0.40% | 314,579 | $15.1M | No change |
| XLK SS Technology Select Sector | 0.40% | 59,325 | $15.0M | Add +0.1% |
| SLV iShares Silver Trust | 0.38% | 436,153 | $14.3M | Reduce -0.2% |
| SHV iShares 0-1 Year Treasury Bo | 0.38% | 129,254 | $14.3M | Reduce -2.6% |
| VCLT Vanguard Long-Term Corp. Bond | 0.36% | 180,805 | $13.7M | Reduce -7.3% |
| VFC VF Corp. | 0.34% | 1,093,375 | $12.8M | Reduce -20.1% |
| GOOG Alphabet Inc. Class C | 0.33% | 71,163 | $12.6M | Add +0.5% |
| VEU Vanguard Ftse All-World Ex-U | 0.32% | 181,281 | $12.2M | No change |
| RTX RTX Corp. | 0.32% | 82,571 | $12.1M | Add +0.1% |
| HRL Hormel Foods Corp. | 0.32% | 398,197 | $12.0M | Reduce -0.5% |
| IJH iShares Core S&P Midcap ETF | 0.30% | 184,526 | $11.4M | Reduce -0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.30% | 23,320 | $11.3M | Add +0.7% |
| GOOGL Alphabet Inc. Class A | 0.30% | 63,869 | $11.3M | Add +0.9% |
| JNJ Johnson & Johnson | 0.29% | 71,816 | $11.0M | Add +0.6% |
| META Meta Platforms Inc. Class A | 0.27% | 13,832 | $10.2M | Add +2.1% |
| VYM Vanguard High DVD Yield ETF | 0.26% | 73,959 | $9.9M | Reduce -2.4% |
| PFF iShares Preferred & Income S | 0.25% | 312,993 | $9.6M | Reduce -7.5% |
| CWB SS SPDR BB Conv Sec ETF | 0.25% | 114,047 | $9.4M | Reduce -7.3% |
| KO The Coca-Cola Co. | 0.24% | 131,102 | $9.3M | Add +1.9% |
| ESGV Vanguard ESG US Stock ETF | 0.24% | 82,124 | $9.0M | Reduce -0.0% |
| KTB Kontoor Brands Inc. | 0.24% | 135,613 | $8.9M | No change |
| ORCL Oracle Corp. | 0.23% | 40,794 | $8.9M | Add +2.4% |
| SCHW Schwab (charles) Corp. | 0.23% | 96,983 | $8.8M | Add +1.2% |
| IEMG iShares Core MSCI Emerging | 0.23% | 146,239 | $8.8M | Add +0.8% |
| XOM Exxon Mobil Corp. | 0.23% | 80,417 | $8.7M | Add +3.0% |
| XLF SS Financial Select Sector | 0.23% | 165,227 | $8.7M | Reduce -2.6% |
| CVX Chevron Corp. | 0.22% | 59,559 | $8.5M | Reduce -1.8% |
| LLY Eli Lilly & Co. | 0.22% | 10,734 | $8.4M | Reduce -0.3% |
| PFG Principal Financial Group | 0.22% | 105,144 | $8.4M | Reduce -0.4% |
| EZU iShares MSCI Eurozone ETF | 0.22% | 137,977 | $8.2M | Reduce -4.5% |
| PG The Procter & Gamble Co. | 0.21% | 50,808 | $8.1M | Add +1.6% |
| AXP American Express Co. | 0.21% | 25,202 | $8.0M | Reduce -1.4% |
| ECL Ecolab Inc. | 0.21% | 29,757 | $8.0M | Add +0.2% |
| GVI iShares Intermediate Governm | 0.21% | 74,976 | $8.0M | Add +4.1% |
| CVS CVS Health Corp. | 0.20% | 110,770 | $7.6M | Add +1.1% |
| C Citigroup Inc. | 0.20% | 87,381 | $7.4M | Reduce -0.9% |
| GILD Gilead Sciences Inc. | 0.19% | 65,238 | $7.2M | Reduce -0.4% |
| CMCSA Comcast Corp. Class A | 0.19% | 199,818 | $7.1M | Add +98.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.18% | 56,983 | $7.0M | Reduce -0.4% |
| VZ Verizon Communications Inc. | 0.18% | 159,085 | $6.9M | Add +0.6% |
| NEM Newmont Corp. | 0.18% | 117,276 | $6.8M | Add +20.0% |
| MSCI MSCI Inc. | 0.18% | 11,771 | $6.8M | No change |
| WMT Walmart Inc. | 0.18% | 68,889 | $6.7M | Add +2.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.17% | 27,931 | $6.3M | Add +1.1% |
| SYK Stryker Corp. | 0.16% | 15,695 | $6.2M | Add +0.8% |
| IEF iShares 7-10 Year Treasury B | 0.16% | 63,669 | $6.1M | Add +0.5% |
| AVGO Broadcom Inc. | 0.15% | 20,901 | $5.8M | Add +4.3% |
| VTWV Vanguard Russell 2000 Value | 0.15% | 40,889 | $5.7M | Add +100.4% |
| IEI iShares 3-7 Year Treasury Bo | 0.15% | 46,761 | $5.6M | Reduce -0.1% |
| BNDX Vanguard Total Intl Bond ETF | 0.15% | 112,264 | $5.6M | Add +2.6% |
| BMY Bristol-Myers Squibb Co. | 0.15% | 119,697 | $5.5M | Reduce -0.6% |
| V Visa Inc. Class A | 0.14% | 15,163 | $5.4M | Reduce -4.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.14% | 17,819 | $5.3M | Add +1.1% |
| TGT Target Corp. | 0.14% | 52,909 | $5.2M | New |
| OXY Occidental Petroleum Corp. | 0.13% | 120,762 | $5.1M | Add +12.7% |
| TXN Texas Instruments Inc. | 0.13% | 23,861 | $5.0M | Reduce -2.1% |
Options reported separately and not counted above: AAPL puts ($8.2M), RTX puts ($2.9M), NVDA puts ($1.2M), MAR puts ($820K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $277K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 13,377 | $277K | Add +4.2% |
Total filed on the 13F, all lines: $3.8B.
Portfolio Sells Q1 2025 → Q2 2025
| VFC VF Corp. | Reduce -20.1% | 0.34% | −0.26 |
| KVUE Kenvue Inc. | Sold out | 0.00% | −0.18 |
| BALL Ball Corp. | Reduce -9.3% | 1.82% | −0.17 |
| IWM iShares Russell 2000 ETF | Reduce -3.5% | 4.76% | −0.11 |
| FDX FedEx Corp. | Reduce -80.5% | 0.02% | −0.10 |
| TSN Tyson Foods Inc. Class A | Sold out | 0.00% | −0.09 |
| PPL PPL Corp. | Reduce -64.9% | 0.03% | −0.08 |
| IWN iShares Russell 2000 Value E | Reduce -4.2% | 1.11% | −0.07 |
| GSK GSK PLC-Spon ADR | Reduce -88.2% | 0.01% | −0.07 |
| BMY Bristol-Myers Squibb Co. | Reduce -0.6% | 0.15% | −0.06 |
| CVX Chevron Corp. | Reduce -1.8% | 0.22% | −0.06 |
| NI Nisource Inc. | Sold out | 0.00% | −0.05 |
| VCLT Vanguard Long-Term Corp. Bond | Reduce -7.3% | 0.36% | −0.05 |
| GPN Global Payments Inc. | Reduce -43.1% | 0.04% | −0.05 |
| BDX Becton Dickinson and Co. | Reduce -84.3% | 0.01% | −0.05 |
| RUN Sunrun Inc. | Sold out | 0.00% | −0.04 |
| CPT Camden Property Trust | Sold out | 0.00% | −0.04 |
| ICF iShares Select U.S. REIT ETF | Reduce -1.2% | 0.51% | −0.04 |
| INGR Ingredion Inc. | Sold out | 0.00% | −0.04 |
| BABA Alibaba Group Holding-SP ADR | Reduce -13.9% | 0.09% | −0.04 |
| PFF iShares Preferred & Income S | Reduce -7.5% | 0.25% | −0.04 |
| HUM Humana Inc. | Reduce -32.6% | 0.05% | −0.04 |
| XYL Xylem Inc. | Reduce -49.3% | 0.04% | −0.04 |
| IWS iShares Russell Mid-Cap Valu | Reduce -1.4% | 1.17% | −0.04 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -2.6% | 0.38% | −0.04 |
| IYE iShares U.S. Energy ETF | Reduce -8.3% | 0.13% | −0.03 |
| CHTR Charter Communications Inc. Class A | Sold out | 0.00% | −0.03 |
| CF CF Industries Holdings Inc. | Sold out | 0.00% | −0.03 |
| PM Philip Morris International | Reduce -54.6% | 0.03% | −0.03 |
| WEN The Wendy's Co. | Sold out | 0.00% | −0.03 |
| IOSP Innospec Inc. | Sold out | 0.00% | −0.03 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -4.1% | 0.51% | −0.03 |
| HRL Hormel Foods Corp. | Reduce -0.5% | 0.32% | −0.03 |
| FISV Fiserv Inc. | Reduce -1.2% | 0.08% | −0.03 |
| PFG Principal Financial Group | Reduce -0.4% | 0.22% | −0.03 |
| LLY Eli Lilly & Co. | Reduce -0.3% | 0.22% | −0.03 |
| CNXC Concentrix Corp. | Sold out | 0.00% | −0.03 |
| CHX Championx Corp. | Sold out | 0.00% | −0.03 |
| WTW Willis Towers Watson PLC | Reduce -9.3% | 0.09% | −0.03 |
| MRK Merck & Co. Inc. | Reduce -14.3% | 0.06% | −0.03 |
| IWD iShares Russell 1000 Value E | Reduce -0.3% | 0.68% | −0.03 |
| RRC Range Resources Corp. | Reduce -32.1% | 0.04% | −0.02 |
| EQH Equitable Holdings Inc. | Sold out | 0.00% | −0.02 |
| GLD SPDR Gold Shares | Reduce -1.9% | 0.84% | −0.02 |
| DOCU Docusign Inc. | Reduce -35.6% | 0.03% | −0.02 |
| KHC The Kraft Heinz Co. | Sold out | 0.00% | −0.02 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -12.9% | 0.09% | −0.02 |
| SLB SLB Ltd. | Reduce -11.9% | 0.04% | −0.02 |
| KEX Kirby Corp. | Sold out | 0.00% | −0.02 |
| HAE Haemonetics Corp. | Sold out | 0.00% | −0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| VOO Vanguard S&P 500 ETF | Add +12.0% | 4.03% | +0.56 |
| VTWO Vanguard Russell 2000 ETF | Add +66.1% | 0.71% | +0.29 |
| MSFT Microsoft Corp. | Add +0.1% | 0.94% | +0.18 |
| IWR iShares Russell Mid-Cap ETF | Add +0.2% | 9.18% | +0.14 |
| TGT Target Corp. | New | 0.14% | +0.14 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +12.7% | 1.05% | +0.13 |
| IWP iShares Russell Mid-Cap Grow | Add +1.1% | 1.20% | +0.13 |
| NVDA Nvidia Corp. | Add +2.4% | 0.43% | +0.12 |
| IEFA iShares Core MSCI Eafe ETF | Add +3.0% | 1.69% | +0.10 |
| VXUS Vanguard Total Intl Stock | Add +2.8% | 1.29% | +0.09 |
| CMCSA Comcast Corp. Class A | Add +98.8% | 0.19% | +0.08 |
| REGN Regeneron Pharmaceuticals | New | 0.08% | +0.08 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.2% | 2.20% | +0.08 |
| ORCL Oracle Corp. | Add +2.4% | 0.23% | +0.08 |
| VTWV Vanguard Russell 2000 Value | Add +100.4% | 0.15% | +0.07 |
| STZ Constellation Brands Inc. Class A | New | 0.06% | +0.06 |
| AZN Astrazeneca PLC-Spons ADR | Add +867.8% | 0.07% | +0.06 |
| AVGO Broadcom Inc. | Add +4.3% | 0.15% | +0.06 |
| PBF PBF Energy Inc. Class A | New | 0.06% | +0.06 |
| DINO HF Sinclair Corp. | New | 0.06% | +0.06 |
| LAZ Lazard Inc. | New | 0.06% | +0.06 |
| DEO Diageo PLC-Sponsored ADR | New | 0.05% | +0.05 |
| XLK SS Technology Select Sector | Add +0.1% | 0.40% | +0.05 |
| META Meta Platforms Inc. Class A | Add +2.1% | 0.27% | +0.05 |
| NEM Newmont Corp. | Add +20.0% | 0.18% | +0.05 |
| CUBE Cubesmart | New | 0.04% | +0.04 |
| BG Bunge Global SA | Add +360.9% | 0.05% | +0.04 |
| DG Dollar General Corp. | Add +23.5% | 0.12% | +0.04 |
| LEA Lear Corp. | New | 0.04% | +0.04 |
| CSX CSX Corp. | Add +44.7% | 0.12% | +0.04 |
| SAFT Safety Insurance Group Inc. | New | 0.04% | +0.04 |
| TSM Taiwan Semiconductor-SP ADR | Add +1.1% | 0.17% | +0.04 |
| VTWG Vanguard Russell 2000 Growth | Add +59.1% | 0.09% | +0.04 |
| DHI D.R. Horton Inc. | New | 0.04% | +0.04 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +4.5% | 0.82% | +0.04 |
| GNR State Street SPDR S&P Global | Add +11.0% | 0.61% | +0.03 |
| AGCO Agco Corp. | New | 0.03% | +0.03 |
| SWK Stanley Black & Decker Inc. | New | 0.03% | +0.03 |
| HON Honeywell International Inc. | Add +30.6% | 0.11% | +0.03 |
| CE Celanese Corp. | New | 0.03% | +0.03 |
| FCX Freeport-McMoran Inc. | Add +370.7% | 0.03% | +0.03 |
| VONG Vanguard Russell 1000 Growth | Add +46.2% | 0.06% | +0.02 |
| SCHW Schwab (charles) Corp. | Add +1.2% | 0.23% | +0.02 |
| GOOG Alphabet Inc. Class C | Add +0.5% | 0.33% | +0.02 |
| TSLA Tesla Inc. | Add +42.2% | 0.06% | +0.02 |
| GOOGL Alphabet Inc. Class A | Add +0.9% | 0.30% | +0.02 |
| TT Trane Technologies PLC | Add +0.3% | 0.12% | +0.02 |
| AAP Advance Auto Parts Inc. | Add +29.3% | 0.07% | +0.02 |
| TEL Te Connectivity PLC | New | 0.02% | +0.02 |
| QQQM Invesco Nasdaq 100 ETF | Add +216.8% | 0.02% | +0.02 |
Options Activity Q1 2025 → Q2 2025
| CARR Carrier Global Corp. | put | Sold out | 30,000 | $1.9Mbefore exit |
| MAR Marriott International Class A | put | New | 3,000 | $820K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Add +4.2% | 13,377 | $277K |
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 |