AMG National Trust Bank
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 30, 2026), AMG National Trust Bank reported 448 stock positions worth $4.2 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 9.4% of the portfolio, followed by iShares Russell Mid-Cap ETF (IWR, 8.6%) and iShares Russell 2000 ETF (IWM, 4.8%). Compared with Q3 2025, it opened 29 new positions, sold out of 28, added to 154 and reduced 177. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +10%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- GREENWOOD VILLAGE, CO
- CIK
- 0001388829
- Portfolio Value
- $4.2B (Q4 2025)
- SEC Filing
- 0001388829-26-000001 ↗ filed Jan 30, 2026
Holdings Value
Holdings 448 stocks · $4.2B
| SPY SS SPDR S&P 500 ETF Trust-US | 9.45% | 587,702 | $400.8M | Reduce -1.5% |
| IWR iShares Russell Mid-Cap ETF | 8.65% | 3,811,621 | $366.9M | Add +0.4% |
| IWM iShares Russell 2000 ETF | 4.77% | 822,617 | $202.5M | Reduce -0.7% |
| VOO Vanguard S&P 500 ETF | 4.68% | 316,444 | $198.5M | Add +10.3% |
| IXUS iShares Core Intl Stock ETF | 3.22% | 1,611,901 | $136.4M | Add +2.6% |
| BND Vanguard Total Bond Market | 2.50% | 1,433,840 | $106.2M | Add +0.5% |
| LOW Lowe's Cos Inc. | 2.43% | 428,293 | $103.3M | Reduce -1.6% |
| VTI VG Morningstar TS MKT ETF-US | 2.18% | 276,015 | $92.5M | Reduce -1.7% |
| AAPL Apple Inc. | 2.13% | 331,808 | $90.2M | Reduce -2.3% |
| IWB iShares Russell 1000 ETF | 2.11% | 239,869 | $89.6M | Reduce -2.9% |
| IVV iShares Core S&P 500 ETF | 2.10% | 129,949 | $89.0M | Reduce -1.2% |
| IEFA iShares Core MSCI Eafe ETF | 1.83% | 868,268 | $77.7M | Add +7.0% |
| EFA iShares MSCI Eafe ETF | 1.59% | 702,790 | $67.5M | Reduce -0.7% |
| VXUS Vanguard Total Intl Stock | 1.51% | 847,317 | $63.9M | Add +13.4% |
| BALL Ball Corp. | 1.45% | 1,160,606 | $61.5M | Add +1.7% |
| IWF iShares Russell 1000 Growth | 1.42% | 127,301 | $60.3M | Reduce -1.5% |
| QQQ Invesco QQQ Trust Series 1 | 1.24% | 85,655 | $52.6M | Reduce -1.2% |
| ICVT iShares Convertible Bond ETF | 1.22% | 526,045 | $51.8M | Add +6.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.18% | 171,973 | $49.9M | Add +14.3% |
| ACWX iShares MSCI Acwi Ex US ETF | 1.10% | 696,149 | $46.7M | Add +0.3% |
| IWS iShares Russell Mid-Cap Valu | 1.06% | 319,361 | $45.0M | Reduce -3.4% |
| IWN iShares Russell 2000 Value E | 1.04% | 243,727 | $44.2M | Reduce -5.7% |
| IWP iShares Russell Mid-Cap Grow | 1.04% | 322,291 | $44.1M | Reduce -3.7% |
| DVY iShares Select Dividend ETF | 1.02% | 305,140 | $43.1M | Reduce -0.4% |
| VTWO Vanguard Russell 2000 ETF | 0.98% | 417,552 | $41.6M | Add +25.7% |
| SIVR Abrdn Physical Silver Shares | 0.98% | 613,613 | $41.5M | Reduce -2.2% |
| GNR State Street SPDR S&P Global | 0.97% | 661,418 | $41.1M | Add +19.4% |
| GLD SPDR Gold Shares | 0.93% | 99,402 | $39.4M | Reduce -2.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.90% | 147,512 | $38.1M | Add +9.5% |
| MSFT Microsoft Corp. | 0.81% | 71,174 | $34.4M | Add +0.4% |
| HD Home Depot Inc. | 0.79% | 97,919 | $33.7M | Add +9.7% |
| VIG Vanguard Dividend Apprec ETF | 0.79% | 153,186 | $33.7M | Add +25.4% |
| AMZN Amazon.com Inc. | 0.69% | 127,173 | $29.4M | Reduce -0.2% |
| IWD iShares Russell 1000 Value E | 0.63% | 126,261 | $26.6M | Reduce -0.7% |
| SLV iShares Silver Trust | 0.60% | 397,605 | $25.6M | Reduce -5.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.59% | 33 | $24.9M | No change |
| IAU iShares Gold Trust | 0.57% | 296,752 | $24.1M | Reduce -4.8% |
| JPM JPMorgan Chase & Co. | 0.51% | 67,162 | $21.6M | Add +1.8% |
| GOOG Alphabet Inc. Class C | 0.51% | 68,853 | $21.6M | Reduce -0.8% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.50% | 44,142 | $21.2M | Reduce -0.8% |
| ICF iShares Select U.S. REIT ETF | 0.46% | 329,124 | $19.6M | Reduce -0.3% |
| GOOGL Alphabet Inc. Class A | 0.46% | 62,435 | $19.5M | Add +0.5% |
| NVDA Nvidia Corp. | 0.43% | 97,843 | $18.2M | Reduce -2.6% |
| VFC VF Corp. | 0.42% | 985,063 | $17.8M | Reduce -2.6% |
| XLK SS Technology Select Sector | 0.41% | 119,876 | $17.3M | Reduce -1.4% |
| IWO iShares Russell 2000 Growth | 0.40% | 52,611 | $17.0M | Reduce -4.6% |
| JNJ Johnson & Johnson | 0.35% | 71,215 | $14.7M | Add +0.6% |
| TAP Molson Coors Beverage Co. Class B | 0.35% | 314,579 | $14.7M | No change |
| MUB iShares National Muni Bond E | 0.34% | 133,167 | $14.3M | Reduce -31.6% |
| VEU Vanguard Ftse All-World Ex-U | 0.32% | 183,847 | $13.5M | Add +1.4% |
| RTX RTX Corp. | 0.30% | 70,472 | $12.9M | Reduce -0.4% |
| VCLT Vanguard Long-Term Corp. Bond | 0.30% | 167,622 | $12.7M | Reduce -4.5% |
| GPK Graphic Packaging Holding Co. | 0.30% | 842,953 | $12.7M | No change |
| LLY Eli Lilly & Co. | 0.29% | 11,534 | $12.4M | Add +7.0% |
| PFG Principal Financial Group | 0.28% | 135,195 | $11.9M | Add +28.6% |
| IJH iShares Core S&P Midcap ETF | 0.28% | 179,950 | $11.9M | Reduce -0.3% |
| VTIP Vanguard Short-Term Tips | 0.28% | 236,758 | $11.7M | Reduce -12.8% |
| IEMG iShares Core MSCI Emerging | 0.27% | 172,783 | $11.6M | Add +15.7% |
| CWB SS SPDR BB Conv Sec ETF | 0.27% | 126,567 | $11.3M | Add +13.9% |
| CVX Chevron Corp. | 0.26% | 72,882 | $11.1M | Add +2.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.25% | 21,092 | $10.6M | Reduce -4.8% |
| VYM Vanguard High DVD Yield ETF | 0.25% | 73,850 | $10.6M | Reduce -3.4% |
| SHV iShares 0-1 Year Treasury Bo | 0.24% | 92,349 | $10.2M | Reduce -7.7% |
| XOM Exxon Mobil Corp. | 0.24% | 83,555 | $10.1M | Add +2.7% |
| KTB Kontoor Brands Inc. | 0.23% | 162,657 | $9.9M | Add +19.9% |
| ESGV Vanguard ESG US Stock ETF | 0.23% | 82,086 | $9.9M | Reduce -4.8% |
| C Citigroup Inc. | 0.23% | 84,996 | $9.9M | Reduce -4.1% |
| SCHW Schwab (charles) Corp. | 0.23% | 96,022 | $9.6M | Add +0.6% |
| MRK Merck & Co. Inc. | 0.22% | 90,499 | $9.5M | Add +18.6% |
| AXP American Express Co. | 0.22% | 25,413 | $9.4M | Add +0.8% |
| PFF iShares Preferred & Income S | 0.22% | 299,536 | $9.3M | Reduce -4.4% |
| KO The Coca-Cola Co. | 0.21% | 130,026 | $9.1M | Reduce -0.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.20% | 56,470 | $8.7M | Reduce -0.7% |
| CVS CVS Health Corp. | 0.20% | 108,953 | $8.6M | Reduce -1.8% |
| BNDX Vanguard Total Intl Bond ETF | 0.20% | 178,499 | $8.6M | Add +26.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.20% | 28,232 | $8.6M | Add +2.1% |
| XLF SS Financial Select Sector | 0.20% | 154,414 | $8.5M | Reduce -4.5% |
| EZU iShares MSCI Eurozone ETF | 0.20% | 131,173 | $8.4M | Reduce -1.7% |
| HRL Hormel Foods Corp. | 0.20% | 352,579 | $8.4M | Reduce -7.5% |
| META Meta Platforms Inc. Class A | 0.19% | 12,207 | $8.1M | Reduce -10.5% |
| GILD Gilead Sciences Inc. | 0.18% | 63,442 | $7.8M | Reduce -3.3% |
| WMT Walmart Inc. | 0.18% | 69,680 | $7.8M | Add +2.4% |
| ORCL Oracle Corp. | 0.18% | 39,795 | $7.8M | Reduce -0.4% |
| ECL Ecolab Inc. | 0.17% | 28,240 | $7.4M | Reduce -3.4% |
| VTWV Vanguard Russell 2000 Value | 0.17% | 44,707 | $7.1M | Add +5.8% |
| PG The Procter & Gamble Co. | 0.17% | 49,851 | $7.1M | Reduce -1.4% |
| GVI iShares Intermediate Governm | 0.17% | 65,558 | $7.0M | Reduce -8.6% |
| VZ Verizon Communications Inc. | 0.16% | 168,190 | $6.9M | Reduce -3.9% |
| MSCI MSCI Inc. | 0.16% | 11,771 | $6.8M | No change |
| AVGO Broadcom Inc. | 0.16% | 19,404 | $6.7M | Add +1.3% |
| EW Edwards Lifesciences Corp. | 0.15% | 75,472 | $6.4M | New |
| XYL Xylem Inc. | 0.15% | 46,874 | $6.4M | Add +315.5% |
| IEF iShares 7-10 Year Treasury B | 0.15% | 66,268 | $6.4M | Add +2.5% |
| VONG Vanguard Russell 1000 Growth | 0.15% | 51,937 | $6.3M | Add +86.8% |
| LHX L3HARRIS Technologies Inc. | 0.15% | 21,371 | $6.3M | Add +252.7% |
| IEI iShares 3-7 Year Treasury Bo | 0.14% | 48,614 | $5.8M | Add +2.2% |
| SYK Stryker Corp. | 0.13% | 15,495 | $5.4M | Reduce -1.2% |
| USB US Bancorp | 0.13% | 101,396 | $5.4M | Add +0.0% |
| ABBV Abbvie Inc. | 0.13% | 23,267 | $5.3M | Add +0.7% |
| V Visa Inc. Class A | 0.12% | 14,875 | $5.2M | Reduce -0.5% |
Options reported separately and not counted above: RTX puts ($3.7M), NVDA puts ($1.8M), MAR puts ($931K), UNH puts ($495K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $259K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 13,444 | $259K | Add +0.5% |
Total filed on the 13F, all lines: $4.2B.
Portfolio Sells Q3 2025 → Q4 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.5% | 9.45% | −0.25 |
| LOW Lowe's Cos Inc. | Reduce -1.6% | 2.43% | −0.23 |
| MUB iShares National Muni Bond E | Reduce -31.6% | 0.34% | −0.17 |
| NEM Newmont Corp. | Reduce -84.1% | 0.03% | −0.14 |
| IWP iShares Russell Mid-Cap Grow | Reduce -3.7% | 1.04% | −0.12 |
| IWM iShares Russell 2000 ETF | Reduce -0.7% | 4.77% | −0.11 |
| ORCL Oracle Corp. | Reduce -0.4% | 0.18% | −0.09 |
| IWB iShares Russell 1000 ETF | Reduce -2.9% | 2.11% | −0.09 |
| DOW Dow Inc. | Reduce -92.4% | 0.01% | −0.08 |
| PBF PBF Energy Inc. Class A | Sold out | 0.00% | −0.07 |
| IWN iShares Russell 2000 Value E | Reduce -5.7% | 1.04% | −0.07 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -1.7% | 2.18% | −0.07 |
| IWS iShares Russell Mid-Cap Valu | Reduce -3.4% | 1.06% | −0.06 |
| VTIP Vanguard Short-Term Tips | Reduce -12.8% | 0.28% | −0.06 |
| IWF iShares Russell 1000 Growth | Reduce -1.5% | 1.42% | −0.06 |
| PYPL PayPal Holdings Inc. | Reduce -60.6% | 0.03% | −0.06 |
| OXY Occidental Petroleum Corp. | Reduce -54.1% | 0.03% | −0.05 |
| IBDQ iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.05 |
| META Meta Platforms Inc. Class A | Reduce -10.5% | 0.19% | −0.05 |
| AAP Advance Auto Parts Inc. | Reduce -38.5% | 0.03% | −0.05 |
| H Hyatt Hotels Corp. Class A | Reduce -46.2% | 0.07% | −0.05 |
| IVV iShares Core S&P 500 ETF | Reduce -1.2% | 2.10% | −0.05 |
| HUM Humana Inc. | Reduce -42.4% | 0.06% | −0.05 |
| DVY iShares Select Dividend ETF | Reduce -0.4% | 1.02% | −0.05 |
| LYG Lloyds Banking Group PLC-ADR | Reduce -91.6% | 0.00% | −0.05 |
| ALKS Alkermes PLC | Sold out | 0.00% | −0.04 |
| KFY Korn Ferry | Sold out | 0.00% | −0.04 |
| BCS Barclays PLC-Spons ADR | Sold out | 0.00% | −0.04 |
| DK Delek US Holdings Inc. | Reduce -36.0% | 0.05% | −0.04 |
| TTC Toro Co. | Sold out | 0.00% | −0.04 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -19.8% | 0.09% | −0.04 |
| CMCSA Comcast Corp. Class A | Reduce -16.2% | 0.12% | −0.03 |
| PCH Potlatchdeltic Corp. | Reduce -83.0% | 0.01% | −0.03 |
| RHI Robert Half Inc. | Sold out | 0.00% | −0.03 |
| ICF iShares Select U.S. REIT ETF | Reduce -0.3% | 0.46% | −0.03 |
| HRL Hormel Foods Corp. | Reduce -7.5% | 0.20% | −0.03 |
| VCLT Vanguard Long-Term Corp. Bond | Reduce -4.5% | 0.30% | −0.03 |
| BMRN Biomarin Pharmaceutical Inc. | Sold out | 0.00% | −0.03 |
| FISV Fiserv Inc. | Reduce -12.2% | 0.02% | −0.03 |
| JEF Jefferies Financial Group Inc. | Sold out | 0.00% | −0.03 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -7.7% | 0.24% | −0.03 |
| FFIV F5 Inc. | Sold out | 0.00% | −0.03 |
| IWO iShares Russell 2000 Growth | Reduce -4.6% | 0.40% | −0.03 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -1.2% | 1.24% | −0.03 |
| BABA Alibaba Group Holding-SP ADR | Reduce -0.5% | 0.11% | −0.03 |
| NVDA Nvidia Corp. | Reduce -2.6% | 0.43% | −0.03 |
| WHR Whirlpool Corp. | Sold out | 0.00% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -3.9% | 0.16% | −0.03 |
| KMB Kimberly-Clark Corp. | Reduce -57.4% | 0.01% | −0.02 |
| GPN Global Payments Inc. | Sold out | 0.00% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| VOO Vanguard S&P 500 ETF | Add +10.3% | 4.68% | +0.39 |
| VTWO Vanguard Russell 2000 ETF | Add +25.7% | 0.98% | +0.19 |
| GNR State Street SPDR S&P Global | Add +19.4% | 0.97% | +0.17 |
| VXUS Vanguard Total Intl Stock | Add +13.4% | 1.51% | +0.17 |
| EW Edwards Lifesciences Corp. | New | 0.15% | +0.15 |
| VIG Vanguard Dividend Apprec ETF | Add +25.4% | 0.79% | +0.15 |
| XYL Xylem Inc. | Add +315.5% | 0.15% | +0.11 |
| LHX L3HARRIS Technologies Inc. | Add +252.7% | 0.15% | +0.10 |
| IEFA iShares Core MSCI Eafe ETF | Add +7.0% | 1.83% | +0.10 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +14.3% | 1.18% | +0.10 |
| GOOGL Alphabet Inc. Class A | Add +0.5% | 0.46% | +0.09 |
| LLY Eli Lilly & Co. | Add +7.0% | 0.29% | +0.09 |
| PPG PPG Industries Inc. | New | 0.09% | +0.09 |
| LYB Lyondellbasell Indu Class A | New | 0.08% | +0.08 |
| PFG Principal Financial Group | Add +28.6% | 0.28% | +0.07 |
| MRK Merck & Co. Inc. | Add +18.6% | 0.22% | +0.07 |
| VONG Vanguard Russell 1000 Growth | Add +86.8% | 0.15% | +0.07 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +9.5% | 0.90% | +0.06 |
| FDX FedEx Corp. | Add +236.9% | 0.08% | +0.06 |
| CRM Salesforce Inc. | Add +103.8% | 0.10% | +0.06 |
| IXUS iShares Core Intl Stock ETF | Add +2.6% | 3.22% | +0.05 |
| LEN Lennar Corp. Class A | New | 0.05% | +0.05 |
| BALL Ball Corp. | Add +1.7% | 1.45% | +0.05 |
| VTRS Viatris Inc. | New | 0.04% | +0.04 |
| ST Sensata Technologies Holdplc | New | 0.04% | +0.04 |
| CPT Camden Property Trust | New | 0.04% | +0.04 |
| LKQ LKQ Corp. | New | 0.04% | +0.04 |
| NBIX Neurocrine Biosciences Inc. | New | 0.04% | +0.04 |
| WLK Westlake Corp. | New | 0.04% | +0.04 |
| CE Celanese Corp. | Add +60.8% | 0.11% | +0.04 |
| AVTR Avantor Inc. | New | 0.04% | +0.04 |
| KALU Kaiser Aluminum Corp. | New | 0.04% | +0.04 |
| IEMG iShares Core MSCI Emerging | Add +15.7% | 0.27% | +0.03 |
| BNDX Vanguard Total Intl Bond ETF | Add +26.8% | 0.20% | +0.03 |
| VVV Valvoline Inc. | Add +155.8% | 0.06% | +0.03 |
| MSM MSC Industrial Direct Co. Class A | New | 0.03% | +0.03 |
| GLDM SPDR Gold Minishares Trust | Add +21.4% | 0.12% | +0.03 |
| JNJ Johnson & Johnson | Add +0.6% | 0.35% | +0.03 |
| GEHC GE Healthcare Technology | New | 0.03% | +0.03 |
| ACN Accenture PLC Class A | Add +113.1% | 0.04% | +0.02 |
| ARCB Arcbest Corp. | Add +102.1% | 0.04% | +0.02 |
| SKY Champion Homes Inc. | New | 0.02% | +0.02 |
| CWB SS SPDR BB Conv Sec ETF | Add +13.9% | 0.27% | +0.02 |
| AZN Astrazeneca PLC-Spons ADR | Add +8.7% | 0.10% | +0.02 |
| RSP Invesco S&P 500 Equal Weight | New | 0.02% | +0.02 |
| ADBE Adobe Inc. | Add +158.8% | 0.03% | +0.02 |
| AXP American Express Co. | Add +0.8% | 0.22% | +0.02 |
| CSCO Cisco Systems Inc. | Add +8.6% | 0.10% | +0.02 |
| SHY iShares 1-3 Year Treasury Bo | Add +188.0% | 0.02% | +0.01 |
| IQV Iqvia Holdings Inc. | Add +1.4% | 0.11% | +0.01 |
Options Activity Q3 2025 → Q4 2025
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Add +0.5% | 13,444 | $259K |
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 |