First National Advisers, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), First National Advisers, LLC reported 221 stock positions worth $683.0 million. Its top holding was Microsoft (MSFT) at 6.1% of the portfolio, followed by Dimensional International (DFAI, 6.1%) and Nvidia (NVDA, 5.1%). Compared with Q1 2025, it opened 14 new positions, sold out of 5, added to 153 and reduced 40. The biggest buy was Nvidia (NVDA, shares +1%) and the biggest sale Apple (AAPL, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- OMAHA, NE
- CIK
- 0001941030
- Portfolio Value
- $683.0M (Q2 2025)
- SEC Filing
- 0001172661-25-003101 ↗ filed Aug 13, 2025
Holdings Value
Holdings 221 stocks · $683.0M
| MSFT Microsoft Corp. | 6.10% | 83,780 | $41.7M | Reduce -0.8% |
| DFAI Dimensional International Co. | 6.10% | 1,204,753 | $41.6M | Add +3.4% |
| NVDA Nvidia Corp. | 5.14% | 222,144 | $35.1M | Add +0.8% |
| AAPL Apple Inc. | 5.01% | 166,834 | $34.2M | Reduce -0.2% |
| AMZN Amazon.com Inc. | 2.89% | 90,080 | $19.8M | Add +1.1% |
| JPM JPMorgan Chase & Co. | 2.53% | 59,644 | $17.3M | Add +0.4% |
| META Meta Platforms Inc. Class A | 2.51% | 23,240 | $17.2M | Add +1.5% |
| GOOG Alphabet Inc. Class C | 2.33% | 89,697 | $15.9M | Reduce -3.7% |
| JEPI JPMorgan Equity Premium Inco | 1.79% | 215,641 | $12.3M | Reduce -1.5% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.71% | 16 | $11.7M | No change |
| ABT Abbott Laboratories | 1.28% | 64,366 | $8.8M | Reduce -1.9% |
| LLY Eli Lilly & Co. | 1.16% | 10,129 | $7.9M | Add +1.6% |
| MA Mastercard Inc. Class A | 1.13% | 13,773 | $7.7M | Add +0.7% |
| COST Costco Wholesale Corp. | 1.04% | 7,203 | $7.1M | Add +2.2% |
| NEE Nextera Energy Inc. | 0.99% | 97,270 | $6.8M | Add +1.9% |
| RTX RTX Corp. | 0.91% | 42,669 | $6.2M | Reduce -0.7% |
| BKNG Booking Holdings Inc. | 0.89% | 1,053 | $6.1M | Add +0.9% |
| WMT Walmart Inc. | 0.88% | 61,691 | $6.0M | Add +0.5% |
| AMGN Amgen Inc. | 0.85% | 20,821 | $5.8M | Add +1.1% |
| QCOM Qualcomm Inc. | 0.84% | 36,165 | $5.8M | Add +0.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.84% | 11,781 | $5.7M | Add +26.6% |
| GOOGL Alphabet Inc. Class A | 0.81% | 31,270 | $5.5M | Add +3.1% |
| XOM Exxon Mobil Corp. | 0.79% | 49,806 | $5.4M | Add +0.2% |
| APH Amphenol Corp. Class A | 0.78% | 53,825 | $5.3M | Reduce -20.7% |
| BLK BlackRock Inc. | 0.78% | 5,061 | $5.3M | Add +1.2% |
| KO The Coca-Cola Co. | 0.75% | 72,634 | $5.1M | Add +7.6% |
| WFC Wells Fargo & Co. | 0.74% | 63,250 | $5.1M | Reduce -0.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.72% | 16,161 | $4.9M | Add +5.7% |
| EOG EOG Resources Inc. | 0.70% | 39,934 | $4.8M | Add +0.8% |
| ZTS Zoetis Inc. | 0.70% | 30,555 | $4.8M | Add +7.8% |
| HD Home Depot Inc. | 0.69% | 12,765 | $4.7M | Add +0.9% |
| WM Waste Management Inc. | 0.67% | 20,007 | $4.6M | Add +0.7% |
| MTZ Mastec Inc. | 0.67% | 26,807 | $4.6M | Reduce -0.3% |
| PEP Pepsico Inc. | 0.67% | 34,573 | $4.6M | Add +0.4% |
| LIN Linde PLC | 0.66% | 9,671 | $4.5M | Add +1.0% |
| MS Morgan Stanley | 0.66% | 31,825 | $4.5M | Add +1.5% |
| ADBE Adobe Inc. | 0.65% | 11,552 | $4.5M | Add +0.9% |
| CTAS Cintas Corp. | 0.63% | 19,421 | $4.3M | Reduce -0.1% |
| CHD Church & Dwight Co. Inc. | 0.62% | 44,170 | $4.2M | Add +2.8% |
| FISV Fiserv Inc. | 0.62% | 24,401 | $4.2M | Add +12.0% |
| CB Chubb Ltd. | 0.61% | 14,363 | $4.2M | Add +1.2% |
| ABBV Abbvie Inc. | 0.61% | 22,413 | $4.2M | Add +2086.6% |
| ORLY O'reilly Automotive Inc. | 0.61% | 46,042 | $4.1M | Add +2.7% |
| VZ Verizon Communications Inc. | 0.61% | 95,511 | $4.1M | Add +2.5% |
| CME Cme Group Inc. | 0.59% | 14,677 | $4.0M | Add +0.1% |
| BR Broadridge Financial Solutio | 0.59% | 16,571 | $4.0M | Add +3.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.59% | 32,406 | $4.0M | Add +4.6% |
| MCHP Microchip Technology Inc. | 0.58% | 56,355 | $4.0M | Add +19.9% |
| BRO Brown & Brown Inc. | 0.57% | 35,241 | $3.9M | Reduce -0.1% |
| TSLA Tesla Inc. | 0.57% | 12,213 | $3.9M | Add +4.1% |
| AME Ametek Inc. | 0.57% | 21,335 | $3.9M | Add +0.1% |
| RCL Royal Caribbean Cruises Ltd. | 0.55% | 12,094 | $3.8M | Reduce -0.8% |
| CVX Chevron Corp. | 0.55% | 26,295 | $3.8M | Add +1.2% |
| ETN Eaton Corp. PLC | 0.54% | 10,311 | $3.7M | Add +1.1% |
| MKL Markel Group Inc. | 0.52% | 1,789 | $3.6M | Add +8.9% |
| MCO Moody's Corp. | 0.52% | 7,051 | $3.5M | Add +0.9% |
| SO The Southern Co. | 0.52% | 38,327 | $3.5M | Add +1.2% |
| CFR Cullen/Frost Bankers Inc. | 0.50% | 26,771 | $3.4M | Add +1.3% |
| ATO Atmos Energy Corp. | 0.48% | 21,102 | $3.3M | Add +2.6% |
| EW Edwards Lifesciences Corp. | 0.48% | 41,484 | $3.2M | Add +30.3% |
| VOO Vanguard S&P 500 ETF | 0.47% | 5,667 | $3.2M | Reduce -0.2% |
| FICO Fair Isaac Corp. | 0.47% | 1,751 | $3.2M | Add +13.7% |
| IR Ingersoll-Rand Inc. | 0.46% | 37,942 | $3.2M | Add +2.5% |
| MANH Manhattan Associates Inc. | 0.46% | 15,798 | $3.1M | Add +33.4% |
| GLW Corning Inc. | 0.44% | 57,626 | $3.0M | Add +4.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.43% | 23,867 | $3.0M | Add +73.9% |
| EQH Equitable Holdings Inc. | 0.43% | 52,517 | $2.9M | Reduce -0.9% |
| PCT Purecycle Technologies Inc. | 0.42% | 211,859 | $2.9M | Reduce -22.2% |
| LFUS Littelfuse Inc. | 0.42% | 12,757 | $2.9M | Add +16.3% |
| AVGO Broadcom Inc. | 0.42% | 10,448 | $2.9M | Add +8.3% |
| AMT American Tower Corp. | 0.42% | 12,969 | $2.9M | Add +1.7% |
| ACN Accenture PLC Class A | 0.42% | 9,579 | $2.9M | Add +1.7% |
| FAF First American Financial | 0.41% | 45,829 | $2.8M | Add +1.1% |
| PAYC Paycom Software Inc. | 0.41% | 12,100 | $2.8M | Add +53.3% |
| TXN Texas Instruments Inc. | 0.41% | 13,461 | $2.8M | Add +0.5% |
| ANET Arista Networks Inc. | 0.40% | 26,985 | $2.8M | New |
| TKR Timken Co. | 0.39% | 36,968 | $2.7M | Reduce -0.3% |
| LW Lamb Weston Holdings Inc. | 0.38% | 49,756 | $2.6M | Add +0.6% |
| PWR Quanta Services Inc. | 0.38% | 6,802 | $2.6M | Add +3.3% |
| TXRH Texas Roadhouse Inc. | 0.37% | 13,450 | $2.5M | Add +3.0% |
| TMUS T-Mobile US Inc. | 0.37% | 10,563 | $2.5M | Add +5.0% |
| PTC PTC Inc. | 0.37% | 14,549 | $2.5M | Add +4.3% |
| FR First Industrial Realty TR | 0.37% | 51,885 | $2.5M | Add +1.3% |
| PG The Procter & Gamble Co. | 0.36% | 15,588 | $2.5M | Add +1.2% |
| UFPT Ufp Technologies Inc. | 0.36% | 10,103 | $2.5M | Add +3.4% |
| BCPC Balchem Corp. | 0.36% | 15,443 | $2.5M | Add +509.9% |
| MDLZ Mondelez International Inc. Class A | 0.36% | 36,374 | $2.5M | Add +1.5% |
| NSSC Napco Security Technologies | 0.36% | 82,414 | $2.4M | Add +1.3% |
| VEA Vanguard Ftse Developed ETF | 0.35% | 41,436 | $2.4M | Add +0.2% |
| TRV The Travelers Cos Inc. | 0.34% | 8,751 | $2.3M | Add +1.0% |
| XEL Xcel Energy Inc. | 0.34% | 34,340 | $2.3M | Add +1.2% |
| ENTG Entegris Inc. | 0.34% | 28,895 | $2.3M | Add +0.5% |
| V Visa Inc. Class A | 0.34% | 6,550 | $2.3M | Add +18.3% |
| UTHR United Therapeutics Corp. | 0.34% | 8,082 | $2.3M | Add +3.8% |
| LNTH Lantheus Holdings Inc. | 0.34% | 27,995 | $2.3M | Add +0.8% |
| CSX CSX Corp. | 0.33% | 69,175 | $2.3M | Reduce -4.9% |
| SYF Synchrony Financial | 0.33% | 33,567 | $2.2M | Reduce -3.6% |
| COP Conocophillips | 0.33% | 24,938 | $2.2M | Add +0.7% |
| LOW Lowe's Cos Inc. | 0.32% | 9,699 | $2.2M | Add +0.9% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 0.31% | 16,844 | $2.1M | Add +3.1% |
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -0.2% | 5.01% | −0.93 |
| TMO Thermo Fisher Scientific Inc. | Reduce -59.0% | 0.19% | −0.44 |
| JAZZ Jazz Pharmaceuticals PLC | Sold out | 0.00% | −0.41 |
| CMCSA Comcast Corp. Class A | Reduce -67.2% | 0.13% | −0.32 |
| MDT Medtronic PLC | Reduce -55.7% | 0.16% | −0.25 |
| CDW CDW Corp. | Reduce -44.4% | 0.28% | −0.22 |
| JEPI JPMorgan Equity Premium Inco | Reduce -1.5% | 1.79% | −0.21 |
| FMC FMC Corp. | Sold out | 0.00% | −0.20 |
| UNH Unitedhealth Group Inc. | Reduce -10.4% | 0.18% | −0.19 |
| MKSI MKS Inc. | Reduce -78.8% | 0.04% | −0.13 |
| BRO Brown & Brown Inc. | Reduce -0.1% | 0.57% | −0.13 |
| MRK Merck & Co. Inc. | Reduce -54.3% | 0.07% | −0.12 |
| ABT Abbott Laboratories | Reduce -1.9% | 1.28% | −0.11 |
| O Realty Income Corp. | Sold out | 0.00% | −0.09 |
| POOL Pool Corp. | Reduce -0.2% | 0.30% | −0.06 |
| PAYX Paychex Inc. | Reduce -14.6% | 0.16% | −0.06 |
| HUM Humana Inc. | Reduce -21.9% | 0.10% | −0.05 |
| RVTY Revvity Inc. | Reduce -2.1% | 0.21% | −0.05 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.05 |
| TKR Timken Co. | Reduce -0.3% | 0.39% | −0.03 |
| UPBD Upbound Group Inc. | Sold out | 0.00% | −0.03 |
| SCHW Schwab (charles) Corp. | Reduce -28.7% | 0.10% | −0.03 |
| UNP Union Pacific Corp. | Reduce -3.7% | 0.18% | −0.03 |
| PSX Phillips 66 | Reduce -0.6% | 0.20% | −0.03 |
| TGT Target Corp. | Reduce -1.5% | 0.14% | −0.03 |
| ENS Enersys | Reduce -9.2% | 0.05% | −0.01 |
| AMN Amn Healthcare Services Inc. | Reduce -0.9% | 0.04% | −0.01 |
| CSX CSX Corp. | Reduce -4.9% | 0.33% | −0.01 |
| LNT Alliant Energy Corp. | Reduce -4.9% | 0.05% | −0.01 |
| EQH Equitable Holdings Inc. | Reduce -0.9% | 0.43% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -13.1% | 0.09% | −0.01 |
| CTAS Cintas Corp. | Reduce -0.1% | 0.63% | −0.01 |
| UMBF Umb Financial Corp. | Reduce -2.9% | 0.06% | −0.00 |
| IJR iShares Core S&P Small-Cap E | Reduce -0.4% | 0.09% | −0.00 |
| GOOG Alphabet Inc. Class C | Reduce -3.7% | 2.33% | +0.00 |
| RTX RTX Corp. | Reduce -0.7% | 0.91% | +0.00 |
| VOO Vanguard S&P 500 ETF | Reduce -0.2% | 0.47% | +0.00 |
| WFC Wells Fargo & Co. | Reduce -0.4% | 0.74% | +0.01 |
| STT State Street Corp. | Reduce -0.6% | 0.24% | +0.02 |
| SYF Synchrony Financial | Reduce -3.6% | 0.33% | +0.03 |
| APH Amphenol Corp. Class A | Reduce -20.7% | 0.78% | +0.07 |
| PCT Purecycle Technologies Inc. | Reduce -22.2% | 0.42% | +0.12 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -0.8% | 0.55% | +0.15 |
| MTZ Mastec Inc. | Reduce -0.3% | 0.67% | +0.17 |
| MSFT Microsoft Corp. | Reduce -0.8% | 6.10% | +1.03 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +0.8% | 5.14% | +1.32 |
| ABBV Abbvie Inc. | Add +2086.6% | 0.61% | +0.57 |
| ANET Arista Networks Inc. | New | 0.40% | +0.40 |
| META Meta Platforms Inc. Class A | Add +1.5% | 2.51% | +0.40 |
| BCPC Balchem Corp. | Add +509.9% | 0.36% | +0.29 |
| DFAI Dimensional International Co. | Add +3.4% | 6.10% | +0.27 |
| DGX Quest Diagnostics Inc. | New | 0.24% | +0.24 |
| DIS The Walt Disney Co. | Add +73.9% | 0.43% | +0.22 |
| MCHP Microchip Technology Inc. | Add +19.9% | 0.58% | +0.22 |
| JPM JPMorgan Chase & Co. | Add +0.4% | 2.53% | +0.20 |
| AMZN Amazon.com Inc. | Add +1.1% | 2.89% | +0.18 |
| AVGO Broadcom Inc. | Add +8.3% | 0.42% | +0.16 |
| PAYC Paycom Software Inc. | Add +53.3% | 0.41% | +0.13 |
| MANH Manhattan Associates Inc. | Add +33.4% | 0.46% | +0.13 |
| BKNG Booking Holdings Inc. | Add +0.9% | 0.89% | +0.12 |
| PWR Quanta Services Inc. | Add +3.3% | 0.38% | +0.11 |
| EW Edwards Lifesciences Corp. | Add +30.3% | 0.48% | +0.11 |
| ETN Eaton Corp. PLC | Add +1.1% | 0.54% | +0.10 |
| TSLA Tesla Inc. | Add +4.1% | 0.57% | +0.08 |
| LFUS Littelfuse Inc. | Add +16.3% | 0.42% | +0.08 |
| MS Morgan Stanley | Add +1.5% | 0.66% | +0.07 |
| LAMR Lamar Advertising Co. Class A | Add +91.4% | 0.15% | +0.07 |
| NSSC Napco Security Technologies | Add +1.3% | 0.36% | +0.06 |
| GOOGL Alphabet Inc. Class A | Add +3.1% | 0.81% | +0.06 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | New | 0.05% | +0.05 |
| VTI VG Morningstar TS MKT ETF-US | Add +5.7% | 0.72% | +0.05 |
| UFPT Ufp Technologies Inc. | Add +3.4% | 0.36% | +0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +26.6% | 0.84% | +0.04 |
| PLTR Palantir Technologies Inc. Class A | New | 0.04% | +0.04 |
| GLW Corning Inc. | Add +4.6% | 0.44% | +0.04 |
| TT Trane Technologies PLC | New | 0.03% | +0.03 |
| IEMG iShares Core MSCI Emerging | New | 0.03% | +0.03 |
| MKL Markel Group Inc. | Add +8.9% | 0.52% | +0.03 |
| IEFA iShares Core MSCI Eafe ETF | New | 0.03% | +0.03 |
| SPTM SS SPDR P S&P 1500 Comp ETF | New | 0.03% | +0.03 |
| CLH Clean Harbors Inc. | New | 0.03% | +0.03 |
| SMMD iShares Russell 2500 ETF | New | 0.03% | +0.03 |
| V Visa Inc. Class A | Add +18.3% | 0.34% | +0.03 |
| AMAT Applied Materials Inc. | New | 0.03% | +0.03 |
| SCZ iShares MSCI Eafe Small-Cap | New | 0.03% | +0.03 |
| RSPT Invesco S&P 500 Equal Weight | New | 0.03% | +0.03 |
| EQT Eqt Corp. | New | 0.03% | +0.03 |
| SN Sharkninja Inc. | Add +2.1% | 0.30% | +0.03 |
| TXN Texas Instruments Inc. | Add +0.5% | 0.41% | +0.02 |
| VYM Vanguard High DVD Yield ETF | Add +33.8% | 0.11% | +0.02 |
| AMD Advanced Micro Devices | Add +2.4% | 0.11% | +0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +14.3% | 0.11% | +0.02 |
| PTC PTC Inc. | Add +4.3% | 0.37% | +0.02 |
| CACI Caci International Inc. Class A | Add +6.2% | 0.10% | +0.02 |
| TXRH Texas Roadhouse Inc. | Add +3.0% | 0.37% | +0.02 |
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 |