AMG National Trust Bank
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 10, 2025), AMG National Trust Bank reported 446 stock positions worth $4.1 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 9.7% of the portfolio, followed by iShares Russell Mid-Cap ETF (IWR, 8.9%) and iShares Russell 2000 ETF (IWM, 4.9%). Compared with Q2 2025, it opened 20 new positions, sold out of 15, added to 168 and reduced 174. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +6%) and the biggest sale Ball (BALL, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- GREENWOOD VILLAGE, CO
- CIK
- 0001388829
- Portfolio Value
- $4.1B (Q3 2025)
- SEC Filing
- 0001388829-25-000005 ↗ filed Nov 10, 2025
Holdings Value
Holdings 446 stocks · $4.1B
| SPY SS SPDR S&P 500 ETF Trust-US | 9.69% | 596,691 | $397.5M | Reduce -0.8% |
| IWR iShares Russell Mid-Cap ETF | 8.94% | 3,798,130 | $366.7M | Add +0.0% |
| IWM iShares Russell 2000 ETF | 4.89% | 828,158 | $200.4M | Reduce -1.2% |
| VOO Vanguard S&P 500 ETF | 4.28% | 286,899 | $175.7M | Add +6.3% |
| IXUS iShares Core Intl Stock ETF | 3.17% | 1,571,499 | $129.8M | Add +3.7% |
| LOW Lowe's Cos Inc. | 2.67% | 435,268 | $109.4M | Reduce -0.1% |
| BND Vanguard Total Bond Market | 2.59% | 1,426,860 | $106.1M | Add +2.3% |
| VTI VG Morningstar TS MKT ETF-US | 2.25% | 280,811 | $92.2M | Add +1.9% |
| IWB iShares Russell 1000 ETF | 2.20% | 246,924 | $90.2M | Reduce -0.3% |
| IVV iShares Core S&P 500 ETF | 2.15% | 131,513 | $88.0M | Add +0.1% |
| AAPL Apple Inc. | 2.11% | 339,614 | $86.5M | Reduce -0.4% |
| IEFA iShares Core MSCI Eafe ETF | 1.73% | 811,834 | $70.9M | Add +5.7% |
| EFA iShares MSCI Eafe ETF | 1.61% | 707,619 | $66.1M | Reduce -0.3% |
| IWF iShares Russell 1000 Growth | 1.48% | 129,196 | $60.5M | Add +0.2% |
| BALL Ball Corp. | 1.40% | 1,141,191 | $57.5M | Reduce -7.6% |
| VXUS Vanguard Total Intl Stock | 1.34% | 747,248 | $54.9M | Add +4.8% |
| QQQ Invesco QQQ Trust Series 1 | 1.27% | 86,664 | $52.0M | Add +0.0% |
| ICVT iShares Convertible Bond ETF | 1.21% | 496,267 | $49.7M | Add +1.8% |
| IWP iShares Russell Mid-Cap Grow | 1.16% | 334,634 | $47.7M | Add +1.4% |
| IWS iShares Russell Mid-Cap Valu | 1.13% | 330,633 | $46.2M | Reduce -2.1% |
| IWN iShares Russell 2000 Value E | 1.11% | 258,535 | $45.7M | Reduce -3.0% |
| ACWX iShares MSCI Acwi Ex US ETF | 1.10% | 693,955 | $45.1M | Reduce -0.5% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.08% | 150,511 | $44.2M | Add +5.4% |
| DVY iShares Select Dividend ETF | 1.06% | 306,318 | $43.5M | Add +2.3% |
| MSFT Microsoft Corp. | 0.90% | 70,907 | $36.7M | Reduce -1.9% |
| GLD SPDR Gold Shares | 0.88% | 101,867 | $36.2M | Reduce -2.9% |
| HD Home Depot Inc. | 0.88% | 89,298 | $36.2M | Reduce -0.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.84% | 134,737 | $34.3M | Add +2.2% |
| GNR State Street SPDR S&P Global | 0.80% | 553,766 | $32.8M | Add +29.2% |
| VTWO Vanguard Russell 2000 ETF | 0.79% | 332,090 | $32.5M | Add +7.8% |
| AMZN Amazon.com Inc. | 0.68% | 127,454 | $28.0M | Reduce -0.6% |
| SIVR Abrdn Physical Silver Shares | 0.68% | 627,337 | $27.9M | Add +6.5% |
| VIG Vanguard Dividend Apprec ETF | 0.64% | 122,209 | $26.4M | Add +5.7% |
| IWD iShares Russell 1000 Value E | 0.63% | 127,104 | $25.9M | Reduce -4.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.61% | 33 | $24.9M | No change |
| IAU iShares Gold Trust | 0.55% | 311,574 | $22.7M | Add +1.6% |
| JPM JPMorgan Chase & Co. | 0.51% | 65,963 | $20.8M | Reduce -0.8% |
| MUB iShares National Muni Bond E | 0.51% | 194,671 | $20.7M | Add +0.6% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.50% | 44,474 | $20.6M | Add +0.2% |
| ICF iShares Select U.S. REIT ETF | 0.50% | 330,217 | $20.3M | Add +4.7% |
| NVDA Nvidia Corp. | 0.46% | 100,430 | $18.7M | Reduce -1.9% |
| SLV iShares Silver Trust | 0.44% | 421,124 | $17.8M | Reduce -3.5% |
| IWO iShares Russell 2000 Growth | 0.43% | 55,128 | $17.6M | Reduce -2.1% |
| XLK SS Technology Select Sector | 0.42% | 60,812 | $17.1M | Add +2.5% |
| GOOG Alphabet Inc. Class C | 0.41% | 69,443 | $16.9M | Reduce -2.4% |
| GPK Graphic Packaging Holding Co. | 0.40% | 842,953 | $16.5M | No change |
| GOOGL Alphabet Inc. Class A | 0.37% | 62,106 | $15.1M | Reduce -2.8% |
| VFC VF Corp. | 0.36% | 1,010,905 | $14.6M | Reduce -7.5% |
| TAP Molson Coors Beverage Co. Class B | 0.35% | 314,579 | $14.2M | No change |
| VTIP Vanguard Short-Term Tips | 0.34% | 271,588 | $13.8M | Reduce -22.1% |
| VCLT Vanguard Long-Term Corp. Bond | 0.33% | 175,586 | $13.6M | Reduce -2.9% |
| JNJ Johnson & Johnson | 0.32% | 70,804 | $13.1M | Reduce -1.4% |
| VEU Vanguard Ftse All-World Ex-U | 0.32% | 181,281 | $12.9M | No change |
| RTX RTX Corp. | 0.29% | 70,735 | $11.8M | Reduce -14.3% |
| IJH iShares Core S&P Midcap ETF | 0.29% | 180,466 | $11.8M | Reduce -2.2% |
| ORCL Oracle Corp. | 0.27% | 39,945 | $11.2M | Reduce -2.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.27% | 22,163 | $11.1M | Reduce -5.0% |
| CVX Chevron Corp. | 0.27% | 71,358 | $11.1M | Add +19.8% |
| SHV iShares 0-1 Year Treasury Bo | 0.27% | 100,057 | $11.1M | Reduce -22.6% |
| KTB Kontoor Brands Inc. | 0.26% | 135,613 | $10.8M | No change |
| VYM Vanguard High DVD Yield ETF | 0.26% | 76,425 | $10.8M | Add +3.3% |
| ESGV Vanguard ESG US Stock ETF | 0.25% | 86,267 | $10.2M | Add +5.0% |
| CWB SS SPDR BB Conv Sec ETF | 0.25% | 111,071 | $10.1M | Reduce -2.6% |
| META Meta Platforms Inc. Class A | 0.24% | 13,643 | $10.0M | Reduce -1.4% |
| PFF iShares Preferred & Income S | 0.24% | 313,463 | $9.9M | Add +0.1% |
| IEMG iShares Core MSCI Emerging | 0.24% | 149,353 | $9.8M | Add +2.1% |
| HRL Hormel Foods Corp. | 0.23% | 381,362 | $9.4M | Reduce -4.2% |
| XOM Exxon Mobil Corp. | 0.22% | 81,345 | $9.2M | Add +1.1% |
| SCHW Schwab (charles) Corp. | 0.22% | 95,500 | $9.1M | Reduce -1.5% |
| C Citigroup Inc. | 0.22% | 88,661 | $9.0M | Add +1.5% |
| PFG Principal Financial Group | 0.21% | 105,144 | $8.7M | No change |
| XLF SS Financial Select Sector | 0.21% | 161,680 | $8.7M | Reduce -2.1% |
| KO The Coca-Cola Co. | 0.21% | 130,417 | $8.6M | Reduce -0.5% |
| AXP American Express Co. | 0.20% | 25,216 | $8.4M | Add +0.1% |
| CVS CVS Health Corp. | 0.20% | 110,928 | $8.4M | Add +0.1% |
| EZU iShares MSCI Eurozone ETF | 0.20% | 133,453 | $8.3M | Reduce -3.3% |
| LLY Eli Lilly & Co. | 0.20% | 10,778 | $8.2M | Add +0.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.20% | 56,838 | $8.2M | Reduce -0.3% |
| ECL Ecolab Inc. | 0.20% | 29,218 | $8.0M | Reduce -1.8% |
| PG The Procter & Gamble Co. | 0.19% | 50,572 | $7.8M | Reduce -0.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.19% | 27,660 | $7.7M | Reduce -1.0% |
| GVI iShares Intermediate Governm | 0.19% | 71,733 | $7.7M | Reduce -4.3% |
| VZ Verizon Communications Inc. | 0.19% | 175,068 | $7.7M | Add +10.1% |
| GILD Gilead Sciences Inc. | 0.18% | 65,572 | $7.3M | Add +0.5% |
| WMT Walmart Inc. | 0.17% | 68,062 | $7.0M | Reduce -1.2% |
| BNDX Vanguard Total Intl Bond ETF | 0.17% | 140,804 | $7.0M | Add +25.4% |
| NEM Newmont Corp. | 0.17% | 82,306 | $6.9M | Reduce -29.8% |
| MSCI MSCI Inc. | 0.16% | 11,771 | $6.7M | No change |
| VTWV Vanguard Russell 2000 Value | 0.16% | 42,259 | $6.6M | Add +3.4% |
| MRK Merck & Co. Inc. | 0.16% | 76,273 | $6.4M | Add +151.9% |
| AVGO Broadcom Inc. | 0.15% | 19,149 | $6.3M | Reduce -8.4% |
| IEF iShares 7-10 Year Treasury B | 0.15% | 64,627 | $6.2M | Add +1.5% |
| CMCSA Comcast Corp. Class A | 0.15% | 197,209 | $6.2M | Reduce -1.3% |
| SYK Stryker Corp. | 0.14% | 15,682 | $5.8M | Reduce -0.1% |
| IEI iShares 3-7 Year Treasury Bo | 0.14% | 47,573 | $5.7M | Add +1.7% |
| BABA Alibaba Group Holding-SP ADR | 0.13% | 30,621 | $5.5M | Add +0.5% |
| ABBV Abbvie Inc. | 0.13% | 23,103 | $5.3M | Reduce -0.4% |
| PEP Pepsico Inc. | 0.12% | 36,454 | $5.1M | Add +13.2% |
| V Visa Inc. Class A | 0.12% | 14,955 | $5.1M | Reduce -1.4% |
| IYE iShares U.S. Energy ETF | 0.12% | 106,830 | $5.1M | Reduce -2.3% |
Options reported separately and not counted above: AAPL puts ($10.2M), RTX puts ($3.3M), NVDA puts ($1.4M), MAR puts ($781K), UNH puts ($518K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $341K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 13,381 | $341K | Add +0.0% |
Total filed on the 13F, all lines: $4.1B.
Portfolio Sells Q2 2025 → Q3 2025
| BALL Ball Corp. | Reduce -7.6% | 1.40% | −0.42 |
| BMY Bristol-Myers Squibb Co. | Reduce -86.8% | 0.02% | −0.13 |
| VTIP Vanguard Short-Term Tips | Reduce -22.1% | 0.34% | −0.13 |
| TGT Target Corp. | Reduce -74.9% | 0.03% | −0.11 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -22.6% | 0.27% | −0.11 |
| HRL Hormel Foods Corp. | Reduce -4.2% | 0.23% | −0.09 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.8% | 9.69% | −0.07 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.06 |
| AMZN Amazon.com Inc. | Reduce -0.6% | 0.68% | −0.06 |
| EFA iShares MSCI Eafe ETF | Reduce -0.3% | 1.61% | −0.06 |
| DG Dollar General Corp. | Reduce -29.7% | 0.07% | −0.05 |
| IWD iShares Russell 1000 Value E | Reduce -4.8% | 0.63% | −0.05 |
| MSFT Microsoft Corp. | Reduce -1.9% | 0.90% | −0.05 |
| IWS iShares Russell Mid-Cap Valu | Reduce -2.1% | 1.13% | −0.05 |
| JNPR Juniper Networks Inc. | Sold out | 0.00% | −0.04 |
| OXY Occidental Petroleum Corp. | Reduce -35.9% | 0.09% | −0.04 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Sold out | 0.00% | −0.04 |
| CMCSA Comcast Corp. Class A | Reduce -1.3% | 0.15% | −0.04 |
| KO The Coca-Cola Co. | Reduce -0.5% | 0.21% | −0.03 |
| SMPL The Simply Good Foods Co. | Sold out | 0.00% | −0.03 |
| CARR Carrier Global Corp. | Reduce -16.4% | 0.05% | −0.03 |
| SWK Stanley Black & Decker Inc. | Sold out | 0.00% | −0.03 |
| RTX RTX Corp. | Reduce -14.3% | 0.29% | −0.03 |
| VCLT Vanguard Long-Term Corp. Bond | Reduce -2.9% | 0.33% | −0.03 |
| DOW Dow Inc. | Reduce -5.1% | 0.09% | −0.03 |
| FLO Flowers Foods Inc. | Sold out | 0.00% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -5.0% | 0.27% | −0.03 |
| TXN Texas Instruments Inc. | Reduce -2.3% | 0.10% | −0.03 |
| FISV Fiserv Inc. | Reduce -1.9% | 0.05% | −0.03 |
| META Meta Platforms Inc. Class A | Reduce -1.4% | 0.24% | −0.02 |
| BTI British American Tob-SP ADR | Reduce -32.0% | 0.06% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -0.5% | 0.19% | −0.02 |
| HON Honeywell International Inc. | Reduce -5.3% | 0.09% | −0.02 |
| GVI iShares Intermediate Governm | Reduce -4.3% | 0.19% | −0.02 |
| SYK Stryker Corp. | Reduce -0.1% | 0.14% | −0.02 |
| COST Costco Wholesale Corp. | Reduce -4.8% | 0.10% | −0.02 |
| OTIS Otis Worldwide Corp. | Reduce -21.2% | 0.04% | −0.02 |
| IBM Intl Business Machines Corp. | Reduce -2.0% | 0.12% | −0.02 |
| V Visa Inc. Class A | Reduce -1.4% | 0.12% | −0.02 |
| ACWX iShares MSCI Acwi Ex US ETF | Reduce -0.5% | 1.10% | −0.02 |
| NFLX Netflix Inc. | Reduce -3.1% | 0.07% | −0.02 |
| ECL Ecolab Inc. | Reduce -1.8% | 0.20% | −0.02 |
| ACN Accenture PLC Class A | Reduce -26.9% | 0.02% | −0.02 |
| XLF SS Financial Select Sector | Reduce -2.1% | 0.21% | −0.02 |
| TT Trane Technologies PLC | Reduce -2.4% | 0.10% | −0.01 |
| CTAS Cintas Corp. | Reduce -6.0% | 0.06% | −0.01 |
| EZU iShares MSCI Eurozone ETF | Reduce -3.3% | 0.20% | −0.01 |
| GPN Global Payments Inc. | Reduce -35.2% | 0.02% | −0.01 |
| IJH iShares Core S&P Midcap ETF | Reduce -2.2% | 0.29% | −0.01 |
| WBD Warner Bros Discovery Inc. | Reduce -49.0% | 0.05% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| VOO Vanguard S&P 500 ETF | Add +6.3% | 4.28% | +0.26 |
| GNR State Street SPDR S&P Global | Add +29.2% | 0.80% | +0.19 |
| SIVR Abrdn Physical Silver Shares | Add +6.5% | 0.68% | +0.15 |
| MRK Merck & Co. Inc. | Add +151.9% | 0.16% | +0.09 |
| IQV Iqvia Holdings Inc. | New | 0.09% | +0.09 |
| VTWO Vanguard Russell 2000 ETF | Add +7.8% | 0.79% | +0.09 |
| IXUS iShares Core Intl Stock ETF | Add +3.7% | 3.17% | +0.09 |
| PYPL PayPal Holdings Inc. | Add +1342.0% | 0.08% | +0.08 |
| SCHP Schwab U.S. Tips ETF | Add +183.3% | 0.10% | +0.06 |
| SLB SLB Ltd. | Add +180.3% | 0.10% | +0.06 |
| ICVT iShares Convertible Bond ETF | Add +1.8% | 1.21% | +0.06 |
| HUM Humana Inc. | Add +106.5% | 0.11% | +0.05 |
| IAU iShares Gold Trust | Add +1.6% | 0.55% | +0.05 |
| UHS Universal Health Services-B | New | 0.05% | +0.05 |
| GLDM SPDR Gold Minishares Trust | Add +87.3% | 0.09% | +0.05 |
| CVX Chevron Corp. | Add +19.8% | 0.27% | +0.05 |
| VTI VG Morningstar TS MKT ETF-US | Add +1.9% | 2.25% | +0.05 |
| CE Celanese Corp. | Add +270.1% | 0.07% | +0.04 |
| OLN Olin Corp. | New | 0.04% | +0.04 |
| VXUS Vanguard Total Intl Stock | Add +4.8% | 1.34% | +0.04 |
| BABA Alibaba Group Holding-SP ADR | Add +0.5% | 0.13% | +0.04 |
| IEFA iShares Core MSCI Eafe ETF | Add +5.7% | 1.73% | +0.04 |
| COLB Columbia Banking System Inc. | New | 0.04% | +0.04 |
| IWF iShares Russell 1000 Growth | Add +0.2% | 1.48% | +0.04 |
| RHI Robert Half Inc. | New | 0.03% | +0.03 |
| AGNT Agnt Inc. | New | 0.03% | +0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +5.4% | 1.08% | +0.03 |
| ZBH Zimmer Biomet Holdings Inc. | Add +29.1% | 0.12% | +0.03 |
| DK Delek US Holdings Inc. | Add +1.3% | 0.09% | +0.03 |
| C Citigroup Inc. | Add +1.5% | 0.22% | +0.02 |
| BNDX Vanguard Total Intl Bond ETF | Add +25.4% | 0.17% | +0.02 |
| XLK SS Technology Select Sector | Add +2.5% | 0.42% | +0.02 |
| VIG Vanguard Dividend Apprec ETF | Add +5.7% | 0.64% | +0.02 |
| ARCB Arcbest Corp. | New | 0.02% | +0.02 |
| CLF Cleveland-Cliffs Inc. | Add +1.7% | 0.06% | +0.02 |
| VONG Vanguard Russell 1000 Growth | Add +27.2% | 0.08% | +0.02 |
| PBF PBF Energy Inc. Class A | Add +0.5% | 0.07% | +0.02 |
| DVY iShares Select Dividend ETF | Add +2.3% | 1.06% | +0.02 |
| AAP Advance Auto Parts Inc. | Add +0.6% | 0.09% | +0.02 |
| AZN Astrazeneca PLC-Spons ADR | Add +20.4% | 0.08% | +0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +2.2% | 0.84% | +0.01 |
| PEP Pepsico Inc. | Add +13.2% | 0.12% | +0.01 |
| ESGV Vanguard ESG US Stock ETF | Add +5.0% | 0.25% | +0.01 |
| INTC Intel Corp. | Add +28.2% | 0.03% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.0% | 1.27% | +0.01 |
| VT Vanguard Tot World STK ETF | New | 0.01% | +0.01 |
| URI United Rentals Inc. | Add +15.5% | 0.04% | +0.01 |
| MGA Magna International Inc. | Add +2.7% | 0.08% | +0.01 |
| VTWV Vanguard Russell 2000 Value | Add +3.4% | 0.16% | +0.01 |
| BWA Borgwarner Inc. | Add +1.7% | 0.06% | +0.01 |
Options Activity Q2 2025 → Q3 2025
| UNH Unitedhealth Group Inc. | put | New | 1,500 | $518K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Add +0.0% | 13,381 | $341K |
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 |