First National Advisers, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 7, 2025), First National Advisers, LLC reported 212 stock positions worth $624.7 million. Its top holding was Apple (AAPL) at 5.9% of the portfolio, followed by Dimensional International (DFAI, 5.8%) and Microsoft (MSFT, 5.1%). Compared with Q4 2024, it opened 50 new positions, sold out of 13, added to 78 and reduced 70. The biggest buy was Coca-Cola (KO, shares +983%) and the biggest sale Apple (AAPL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- OMAHA, NE
- CIK
- 0001941030
- Portfolio Value
- $624.7M (Q1 2025)
- SEC Filing
- 0001172661-25-001609 ↗ filed May 7, 2025
Holdings Value
Holdings 212 stocks · $624.7M
| AAPL Apple Inc. | 5.94% | 167,141 | $37.1M | Reduce -1.1% |
| DFAI Dimensional International Co. | 5.83% | 1,165,559 | $36.4M | Add +7.2% |
| MSFT Microsoft Corp. | 5.07% | 84,418 | $31.7M | Add +0.0% |
| NVDA Nvidia Corp. | 3.82% | 220,316 | $23.9M | Add +1.7% |
| AMZN Amazon.com Inc. | 2.71% | 89,058 | $16.9M | Reduce -5.3% |
| JPM JPMorgan Chase & Co. | 2.33% | 59,414 | $14.6M | Reduce -5.9% |
| GOOG Alphabet Inc. Class C | 2.33% | 93,117 | $14.5M | Reduce -3.3% |
| META Meta Platforms Inc. Class A | 2.11% | 22,901 | $13.2M | Reduce -6.9% |
| BRK.A Berkshire Hathaway Inc. Class A | 2.04% | 16 | $12.8M | No change |
| JEPI JPMorgan Equity Premium Inco | 2.00% | 218,895 | $12.5M | Add +8.7% |
| ABT Abbott Laboratories | 1.39% | 65,629 | $8.7M | Reduce -7.0% |
| LLY Eli Lilly & Co. | 1.32% | 9,971 | $8.2M | Reduce -15.9% |
| MA Mastercard Inc. Class A | 1.20% | 13,684 | $7.5M | Reduce -0.7% |
| NEE Nextera Energy Inc. | 1.08% | 95,478 | $6.8M | Add +13.1% |
| COST Costco Wholesale Corp. | 1.07% | 7,051 | $6.7M | Reduce -14.2% |
| AMGN Amgen Inc. | 1.03% | 20,589 | $6.4M | Add +12.3% |
| XOM Exxon Mobil Corp. | 0.95% | 49,712 | $5.9M | Reduce -11.2% |
| RTX RTX Corp. | 0.91% | 42,965 | $5.7M | Reduce -15.4% |
| QCOM Qualcomm Inc. | 0.89% | 36,013 | $5.5M | Reduce -3.2% |
| WMT Walmart Inc. | 0.86% | 61,389 | $5.4M | Reduce -15.7% |
| PEP Pepsico Inc. | 0.83% | 34,447 | $5.2M | Add +2.1% |
| EOG EOG Resources Inc. | 0.81% | 39,604 | $5.1M | Add +3.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.79% | 9,308 | $5.0M | Add +0.6% |
| KO The Coca-Cola Co. | 0.77% | 67,501 | $4.8M | Add +982.6% |
| FISV Fiserv Inc. | 0.77% | 21,793 | $4.8M | Reduce -1.7% |
| BKNG Booking Holdings Inc. | 0.77% | 1,044 | $4.8M | Reduce -12.4% |
| CHD Church & Dwight Co. Inc. | 0.76% | 42,984 | $4.7M | Add +41.0% |
| BLK BlackRock Inc. | 0.76% | 4,999 | $4.7M | Add +0.4% |
| GOOGL Alphabet Inc. Class A | 0.75% | 30,337 | $4.7M | Add +6.2% |
| ZTS Zoetis Inc. | 0.75% | 28,343 | $4.7M | Add +0.2% |
| HD Home Depot Inc. | 0.74% | 12,651 | $4.6M | Reduce -17.8% |
| WM Waste Management Inc. | 0.74% | 19,867 | $4.6M | Reduce -1.7% |
| WFC Wells Fargo & Co. | 0.73% | 63,500 | $4.6M | Reduce -12.4% |
| LIN Linde PLC | 0.71% | 9,579 | $4.5M | Add +0.0% |
| APH Amphenol Corp. Class A | 0.71% | 67,912 | $4.5M | Add +0.0% |
| ADBE Adobe Inc. | 0.70% | 11,445 | $4.4M | Add +0.9% |
| BRO Brown & Brown Inc. | 0.70% | 35,262 | $4.4M | Add +8.3% |
| CVX Chevron Corp. | 0.70% | 25,972 | $4.3M | Add +0.5% |
| CB Chubb Ltd. | 0.69% | 14,189 | $4.3M | Add +11.5% |
| ORLY O'reilly Automotive Inc. | 0.69% | 2,989 | $4.3M | Reduce -12.2% |
| VZ Verizon Communications Inc. | 0.68% | 93,182 | $4.2M | Add +19.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.67% | 15,296 | $4.2M | Reduce -4.0% |
| CTAS Cintas Corp. | 0.64% | 19,440 | $4.0M | Reduce -1.3% |
| TMO Thermo Fisher Scientific Inc. | 0.63% | 7,898 | $3.9M | Reduce -0.7% |
| CME Cme Group Inc. | 0.62% | 14,663 | $3.9M | Reduce -1.4% |
| BR Broadridge Financial Solutio | 0.62% | 16,018 | $3.9M | Add +21.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.60% | 30,985 | $3.8M | Reduce -2.0% |
| AME Ametek Inc. | 0.59% | 21,320 | $3.7M | Reduce -1.1% |
| MS Morgan Stanley | 0.59% | 31,349 | $3.7M | Reduce -14.1% |
| SO The Southern Co. | 0.56% | 37,875 | $3.5M | Add +1.8% |
| CFR Cullen/Frost Bankers Inc. | 0.53% | 26,428 | $3.3M | Add +25.8% |
| MCO Moody's Corp. | 0.52% | 6,988 | $3.3M | Reduce -0.5% |
| ATO Atmos Energy Corp. | 0.51% | 20,573 | $3.2M | Add +33.8% |
| CDW CDW Corp. | 0.50% | 19,594 | $3.1M | Add +20.1% |
| MTZ Mastec Inc. | 0.50% | 26,884 | $3.1M | Reduce -2.0% |
| MKL Markel Group Inc. | 0.49% | 1,642 | $3.1M | Add +30.5% |
| TSLA Tesla Inc. | 0.49% | 11,731 | $3.0M | Add +64.4% |
| FAF First American Financial | 0.48% | 45,313 | $3.0M | Add +0.3% |
| IR Ingersoll-Rand Inc. | 0.47% | 37,001 | $3.0M | Add +127.3% |
| ACN Accenture PLC Class A | 0.47% | 9,420 | $2.9M | Add +0.4% |
| VOO Vanguard S&P 500 ETF | 0.47% | 5,679 | $2.9M | Add +13.9% |
| FICO Fair Isaac Corp. | 0.45% | 1,540 | $2.8M | Add +9.3% |
| CMCSA Comcast Corp. Class A | 0.45% | 75,648 | $2.8M | Add +2.0% |
| AMT American Tower Corp. | 0.44% | 12,753 | $2.8M | Add +1.7% |
| ETN Eaton Corp. PLC | 0.44% | 10,199 | $2.8M | Reduce -1.9% |
| FR First Industrial Realty TR | 0.44% | 51,198 | $2.8M | Add +2.0% |
| EQH Equitable Holdings Inc. | 0.44% | 52,993 | $2.8M | Reduce -18.6% |
| LNTH Lantheus Holdings Inc. | 0.43% | 27,782 | $2.7M | Reduce -0.5% |
| TMUS T-Mobile US Inc. | 0.43% | 10,061 | $2.7M | Add +57.0% |
| TKR Timken Co. | 0.43% | 37,071 | $2.7M | Reduce -14.7% |
| LW Lamb Weston Holdings Inc. | 0.42% | 49,455 | $2.6M | Reduce -0.1% |
| PG The Procter & Gamble Co. | 0.42% | 15,399 | $2.6M | Add +7.9% |
| COP Conocophillips | 0.42% | 24,754 | $2.6M | Add +12.4% |
| MDT Medtronic PLC | 0.41% | 28,580 | $2.6M | Add +0.6% |
| JAZZ Jazz Pharmaceuticals PLC | 0.41% | 20,440 | $2.5M | Reduce -1.5% |
| GLW Corning Inc. | 0.40% | 55,104 | $2.5M | New |
| ENTG Entegris Inc. | 0.40% | 28,741 | $2.5M | Add +0.1% |
| RCL Royal Caribbean Cruises Ltd. | 0.40% | 12,193 | $2.5M | Reduce -2.6% |
| MDLZ Mondelez International Inc. Class A | 0.39% | 35,850 | $2.4M | Add +4.1% |
| FANG Diamondback Energy Inc. | 0.39% | 15,178 | $2.4M | Add +1.6% |
| TXN Texas Instruments Inc. | 0.39% | 13,389 | $2.4M | Reduce -6.3% |
| XEL Xcel Energy Inc. | 0.38% | 33,930 | $2.4M | Add +0.5% |
| UTHR United Therapeutics Corp. | 0.38% | 7,786 | $2.4M | Add +65.2% |
| EW Edwards Lifesciences Corp. | 0.37% | 31,840 | $2.3M | Reduce -23.8% |
| RHI Robert Half Inc. | 0.37% | 42,241 | $2.3M | Add +46.8% |
| TRV The Travelers Cos Inc. | 0.37% | 8,661 | $2.3M | Add +9.7% |
| JNJ Johnson & Johnson | 0.37% | 13,769 | $2.3M | Reduce -27.8% |
| MCHP Microchip Technology Inc. | 0.36% | 46,994 | $2.3M | Reduce -35.9% |
| UNH Unitedhealth Group Inc. | 0.36% | 4,321 | $2.3M | Reduce -2.8% |
| POOL Pool Corp. | 0.36% | 7,089 | $2.3M | Reduce -0.4% |
| LOW Lowe's Cos Inc. | 0.36% | 9,615 | $2.2M | Reduce -0.5% |
| TXRH Texas Roadhouse Inc. | 0.35% | 13,063 | $2.2M | New |
| PTC PTC Inc. | 0.35% | 13,956 | $2.2M | Add +65.8% |
| LFUS Littelfuse Inc. | 0.35% | 10,971 | $2.2M | Add +55.5% |
| APD Air Products & Chemicals Inc. | 0.34% | 7,263 | $2.1M | Reduce -0.2% |
| CSX CSX Corp. | 0.34% | 72,752 | $2.1M | Reduce -49.7% |
| VEA Vanguard Ftse Developed ETF | 0.34% | 41,355 | $2.1M | Reduce -3.7% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 0.34% | 16,337 | $2.1M | Add +39.8% |
| MANH Manhattan Associates Inc. | 0.33% | 11,846 | $2.0M | Add +2.2% |
| UFPT Ufp Technologies Inc. | 0.32% | 9,767 | $2.0M | Add +317.9% |
Portfolio Sells Q4 2024 → Q1 2025
| AAPL Apple Inc. | Reduce -1.1% | 5.94% | −0.90 |
| GOOG Alphabet Inc. Class C | Reduce -3.3% | 2.33% | −0.64 |
| AMZN Amazon.com Inc. | Reduce -5.3% | 2.71% | −0.62 |
| CSX CSX Corp. | Reduce -49.7% | 0.34% | −0.41 |
| STZ Constellation Brands Inc. Class A | Reduce -87.6% | 0.05% | −0.41 |
| BND Vanguard Total Bond Market | Sold out | 0.00% | −0.38 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.34 |
| SYF Synchrony Financial | Reduce -41.8% | 0.30% | −0.33 |
| MCHP Microchip Technology Inc. | Reduce -35.9% | 0.36% | −0.32 |
| GNTX Gentex Corp. | Sold out | 0.00% | −0.29 |
| UPBD Upbound Group Inc. | Reduce -87.5% | 0.03% | −0.28 |
| HD Home Depot Inc. | Reduce -17.8% | 0.74% | −0.23 |
| META Meta Platforms Inc. Class A | Reduce -6.9% | 2.11% | −0.22 |
| WMT Walmart Inc. | Reduce -15.7% | 0.86% | −0.20 |
| BKNG Booking Holdings Inc. | Reduce -12.4% | 0.77% | −0.19 |
| NSSC Napco Security Technologies | Reduce -1.0% | 0.30% | −0.17 |
| MRK Merck & Co. Inc. | Reduce -39.1% | 0.20% | −0.16 |
| LLY Eli Lilly & Co. | Reduce -15.9% | 1.32% | −0.16 |
| PCT Purecycle Technologies Inc. | Reduce -2.2% | 0.30% | −0.16 |
| MS Morgan Stanley | Reduce -14.1% | 0.59% | −0.16 |
| COST Costco Wholesale Corp. | Reduce -14.2% | 1.07% | −0.15 |
| EW Edwards Lifesciences Corp. | Reduce -23.8% | 0.37% | −0.13 |
| JPM JPMorgan Chase & Co. | Reduce -5.9% | 2.33% | −0.11 |
| ETN Eaton Corp. PLC | Reduce -1.9% | 0.44% | −0.11 |
| LW Lamb Weston Holdings Inc. | Reduce -0.1% | 0.42% | −0.11 |
| MTZ Mastec Inc. | Reduce -2.0% | 0.50% | −0.10 |
| VXUS Vanguard Total Intl Stock | Sold out | 0.00% | −0.10 |
| WFC Wells Fargo & Co. | Reduce -12.4% | 0.73% | −0.09 |
| MUB iShares National Muni Bond E | Sold out | 0.00% | −0.09 |
| JNJ Johnson & Johnson | Reduce -27.8% | 0.37% | −0.08 |
| TKR Timken Co. | Reduce -14.7% | 0.43% | −0.07 |
| PWR Quanta Services Inc. | Reduce -1.5% | 0.27% | −0.07 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -4.0% | 0.67% | −0.07 |
| UPS United Parcel Service Class B | Reduce -13.5% | 0.20% | −0.07 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -2.6% | 0.40% | −0.07 |
| ESGV Vanguard ESG US Stock ETF | Sold out | 0.00% | −0.06 |
| EQH Equitable Holdings Inc. | Reduce -18.6% | 0.44% | −0.05 |
| SCHW Schwab (charles) Corp. | Reduce -31.1% | 0.13% | −0.05 |
| TXN Texas Instruments Inc. | Reduce -6.3% | 0.39% | −0.05 |
| AME Ametek Inc. | Reduce -1.1% | 0.59% | −0.04 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.7% | 0.63% | −0.04 |
| RTX RTX Corp. | Reduce -15.4% | 0.91% | −0.04 |
| QCOM Qualcomm Inc. | Reduce -3.2% | 0.89% | −0.04 |
| VNQ Vanguard Real Estate ETF | Sold out | 0.00% | −0.04 |
| DE Deere & Co. | Sold out | 0.00% | −0.03 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.03 |
| CLH Clean Harbors Inc. | Sold out | 0.00% | −0.03 |
| SMMD iShares Russell 2500 ETF | Sold out | 0.00% | −0.03 |
| TT Trane Technologies PLC | Sold out | 0.00% | −0.03 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Sold out | 0.00% | −0.03 |
Portfolio Buys Q4 2024 → Q1 2025
| KO The Coca-Cola Co. | Add +982.6% | 0.77% | +0.71 |
| DFAI Dimensional International Co. | Add +7.2% | 5.83% | +0.69 |
| GLW Corning Inc. | New | 0.40% | +0.40 |
| TXRH Texas Roadhouse Inc. | New | 0.35% | +0.35 |
| SN Sharkninja Inc. | New | 0.27% | +0.27 |
| AMGN Amgen Inc. | Add +12.3% | 1.03% | +0.25 |
| CHD Church & Dwight Co. Inc. | Add +41.0% | 0.76% | +0.24 |
| IR Ingersoll-Rand Inc. | Add +127.3% | 0.47% | +0.24 |
| UFPT Ufp Technologies Inc. | Add +317.9% | 0.32% | +0.22 |
| TMUS T-Mobile US Inc. | Add +57.0% | 0.43% | +0.20 |
| AVGO Broadcom Inc. | Add +370.8% | 0.26% | +0.18 |
| VZ Verizon Communications Inc. | Add +19.8% | 0.68% | +0.17 |
| BRO Brown & Brown Inc. | Add +8.3% | 0.70% | +0.17 |
| ATO Atmos Energy Corp. | Add +33.8% | 0.51% | +0.16 |
| ICLR Icon PLC | New | 0.16% | +0.16 |
| IDA Idacorp Inc. | New | 0.15% | +0.15 |
| MKL Markel Group Inc. | Add +30.5% | 0.49% | +0.14 |
| BR Broadridge Financial Solutio | Add +21.5% | 0.62% | +0.14 |
| BURL Burlington Stores Inc. | New | 0.14% | +0.14 |
| JEPI JPMorgan Equity Premium Inco | Add +8.7% | 2.00% | +0.13 |
| TSCO Tractor Supply Company | Add +230.6% | 0.18% | +0.13 |
| OLLI Ollie's Bargain Outlet Holdi | New | 0.12% | +0.12 |
| SF Stifel Financial Corp. | New | 0.12% | +0.12 |
| CB Chubb Ltd. | Add +11.5% | 0.69% | +0.12 |
| FELE Franklin Electric Co. Inc. | New | 0.12% | +0.12 |
| UTHR United Therapeutics Corp. | Add +65.2% | 0.38% | +0.12 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.6% | 0.79% | +0.12 |
| CASY Casey's General Stores Inc. | New | 0.11% | +0.11 |
| EXLS Exlservice Holdings Inc. | New | 0.11% | +0.11 |
| NEE Nextera Energy Inc. | Add +13.1% | 1.08% | +0.10 |
| SUI Sun Communities Inc. | Add +39.8% | 0.34% | +0.10 |
| PTC PTC Inc. | Add +65.8% | 0.35% | +0.10 |
| ADC Agree Realty Corp. | New | 0.09% | +0.09 |
| SSB Southstate Bank Corp. | New | 0.09% | +0.09 |
| CVX Chevron Corp. | Add +0.5% | 0.70% | +0.09 |
| DORM Dorman Products Inc. | New | 0.09% | +0.09 |
| SIGI Selective Insurance Group | New | 0.09% | +0.09 |
| PR Permian Resources Corp. Class A | New | 0.09% | +0.09 |
| CSL Carlisle Cos Inc. | New | 0.08% | +0.08 |
| LAMR Lamar Advertising Co. Class A | New | 0.08% | +0.08 |
| CACI Caci International Inc. Class A | New | 0.08% | +0.08 |
| TTEK Tetra Tech Inc. | New | 0.08% | +0.08 |
| LFUS Littelfuse Inc. | Add +55.5% | 0.35% | +0.08 |
| CFR Cullen/Frost Bankers Inc. | Add +25.8% | 0.53% | +0.07 |
| RPM RPM International Inc. | Add +48.7% | 0.27% | +0.07 |
| MC Moelis & Co. Class A | New | 0.07% | +0.07 |
| RVTY Revvity Inc. | Add +48.7% | 0.26% | +0.07 |
| ENOV Enovis Corp. | New | 0.07% | +0.07 |
| AMT American Tower Corp. | Add +1.7% | 0.44% | +0.07 |
| NPO Enpro Inc. | New | 0.07% | +0.07 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 251 | $711.8M | DFAI, AAPL, NVDA, GOOG, MSFT |
| Q1 2026 | 239 | $683.5M | DFAI, AAPL, NVDA, MSFT, GOOG |
| Q4 2025 | 235 | $727.3M | DFAI, AAPL, NVDA, MSFT, GOOG |
| Q3 2025 | 228 | $736.9M | DFAI, AAPL, MSFT, NVDA, GOOG |
| Q2 2025 | 221 | $683.0M | MSFT, DFAI, NVDA, AAPL, AMZN |
| Q1 2025 | 212 | $624.7M | AAPL, DFAI, MSFT, NVDA, AMZN |
| Q4 2024 | 175 | $618.5M | AAPL, MSFT, DFAI, NVDA, AMZN |
| Q3 2024 | 215 | $627.1M | AAPL, MSFT, DFAI, NVDA, AMZN |
| Q2 2024 | 208 | $547.2M | MSFT, AAPL, NVDA, AMZN, GOOG |
| Q1 2024 | 203 | $446.9M | MSFT, AAPL, NVDA, BRK.B, AMZN |