First National Advisers, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 28, 2025), First National Advisers, LLC reported 228 stock positions worth $736.9 million. Its top holding was Dimensional International (DFAI) at 6.0% of the portfolio, followed by Apple (AAPL, 5.9%) and Microsoft (MSFT, 5.8%). Compared with Q2 2025, it opened 11 new positions, sold out of 4, added to 116 and reduced 83. The biggest buy was Broadcom (AVGO, shares +352%) and the biggest sale Qualcomm (QCOM, shares −78%).
- Most Recent 13F
- Q2 2026
- Location
- OMAHA, NE
- CIK
- 0001941030
- Portfolio Value
- $736.9M (Q3 2025)
- SEC Filing
- 0001172661-25-004465 ↗ filed Oct 28, 2025
Holdings Value
Holdings 228 stocks · $736.9M
| DFAI Dimensional International Co. | 6.04% | 1,225,228 | $44.5M | Add +1.7% |
| AAPL Apple Inc. | 5.86% | 169,740 | $43.2M | Add +1.7% |
| MSFT Microsoft Corp. | 5.78% | 82,176 | $42.6M | Reduce -1.9% |
| NVDA Nvidia Corp. | 5.47% | 216,025 | $40.3M | Reduce -2.8% |
| GOOG Alphabet Inc. Class C | 2.96% | 89,550 | $21.8M | Reduce -0.2% |
| AMZN Amazon.com Inc. | 2.81% | 94,382 | $20.7M | Add +4.8% |
| JPM JPMorgan Chase & Co. | 2.40% | 56,145 | $17.7M | Reduce -5.9% |
| META Meta Platforms Inc. Class A | 2.36% | 23,692 | $17.4M | Add +1.9% |
| AVGO Broadcom Inc. | 2.11% | 47,194 | $15.6M | Add +351.7% |
| JEPI JPMorgan Equity Premium Inco | 1.73% | 223,698 | $12.8M | Add +3.7% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.64% | 16 | $12.1M | No change |
| ABT Abbott Laboratories | 1.17% | 64,204 | $8.6M | Reduce -0.3% |
| MA Mastercard Inc. Class A | 1.08% | 14,031 | $8.0M | Add +1.9% |
| LLY Eli Lilly & Co. | 1.06% | 10,209 | $7.8M | Add +0.8% |
| NEE Nextera Energy Inc. | 1.02% | 99,404 | $7.5M | Add +2.2% |
| RTX RTX Corp. | 0.99% | 43,552 | $7.3M | Add +2.1% |
| GOOGL Alphabet Inc. Class A | 0.99% | 29,943 | $7.3M | Reduce -4.2% |
| COST Costco Wholesale Corp. | 0.91% | 7,263 | $6.7M | Add +0.8% |
| AMGN Amgen Inc. | 0.83% | 21,731 | $6.1M | Add +4.4% |
| ORCL Oracle Corp. | 0.82% | 21,532 | $6.1M | New |
| WMT Walmart Inc. | 0.81% | 58,178 | $6.0M | Reduce -5.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.80% | 11,693 | $5.9M | Reduce -0.8% |
| MTZ Mastec Inc. | 0.79% | 27,439 | $5.8M | Add +2.4% |
| XOM Exxon Mobil Corp. | 0.77% | 50,214 | $5.7M | Add +0.8% |
| TSLA Tesla Inc. | 0.75% | 12,491 | $5.6M | Add +2.3% |
| BLK BlackRock Inc. | 0.75% | 4,716 | $5.5M | Reduce -6.8% |
| ABBV Abbvie Inc. | 0.74% | 23,546 | $5.5M | Add +5.1% |
| BKNG Booking Holdings Inc. | 0.73% | 1,002 | $5.4M | Reduce -4.8% |
| WFC Wells Fargo & Co. | 0.73% | 64,334 | $5.4M | Add +1.7% |
| HD Home Depot Inc. | 0.71% | 12,949 | $5.2M | Add +1.4% |
| APH Amphenol Corp. Class A | 0.71% | 42,215 | $5.2M | Reduce -21.6% |
| MS Morgan Stanley | 0.70% | 32,539 | $5.2M | Add +2.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.69% | 15,434 | $5.1M | Reduce -4.5% |
| GLW Corning Inc. | 0.67% | 60,059 | $4.9M | Add +4.2% |
| PEP Pepsico Inc. | 0.64% | 33,656 | $4.7M | Reduce -2.6% |
| ORLY O'reilly Automotive Inc. | 0.63% | 42,958 | $4.6M | Reduce -6.7% |
| ANET Arista Networks Inc. | 0.62% | 31,361 | $4.6M | Add +16.2% |
| WM Waste Management Inc. | 0.62% | 20,528 | $4.5M | Add +2.6% |
| ZTS Zoetis Inc. | 0.61% | 30,827 | $4.5M | Add +0.9% |
| EOG EOG Resources Inc. | 0.60% | 39,539 | $4.4M | Reduce -1.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.59% | 30,041 | $4.3M | Reduce -7.3% |
| CSX CSX Corp. | 0.59% | 121,593 | $4.3M | Add +75.8% |
| KO The Coca-Cola Co. | 0.57% | 63,481 | $4.2M | Reduce -12.6% |
| AME Ametek Inc. | 0.56% | 21,926 | $4.1M | Add +2.8% |
| CB Chubb Ltd. | 0.56% | 14,563 | $4.1M | Add +1.4% |
| CME Cme Group Inc. | 0.55% | 15,050 | $4.1M | Add +2.5% |
| CTAS Cintas Corp. | 0.55% | 19,795 | $4.1M | Add +1.9% |
| CVX Chevron Corp. | 0.54% | 25,542 | $4.0M | Reduce -2.9% |
| LIN Linde PLC | 0.53% | 8,199 | $3.9M | Reduce -15.2% |
| ETN Eaton Corp. PLC | 0.52% | 10,272 | $3.8M | Reduce -0.4% |
| SO The Southern Co. | 0.51% | 39,585 | $3.8M | Add +3.3% |
| MANH Manhattan Associates Inc. | 0.51% | 18,167 | $3.7M | Add +15.0% |
| MCHP Microchip Technology Inc. | 0.49% | 56,579 | $3.6M | Add +0.4% |
| BR Broadridge Financial Solutio | 0.49% | 15,209 | $3.6M | Reduce -8.2% |
| NSSC Napco Security Technologies | 0.49% | 83,812 | $3.6M | Add +1.7% |
| CFR Cullen/Frost Bankers Inc. | 0.48% | 27,992 | $3.5M | Add +4.6% |
| MKL Markel Group Inc. | 0.48% | 1,844 | $3.5M | Add +3.1% |
| UTHR United Therapeutics Corp. | 0.47% | 8,333 | $3.5M | Add +3.1% |
| LFUS Littelfuse Inc. | 0.47% | 13,305 | $3.4M | Add +4.3% |
| MCO Moody's Corp. | 0.47% | 7,209 | $3.4M | Add +2.2% |
| VOO Vanguard S&P 500 ETF | 0.47% | 5,601 | $3.4M | Reduce -1.2% |
| BRO Brown & Brown Inc. | 0.46% | 36,098 | $3.4M | Add +2.4% |
| RCL Royal Caribbean Cruises Ltd. | 0.46% | 10,438 | $3.4M | Reduce -13.7% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.45% | 30,327 | $3.3M | New |
| EW Edwards Lifesciences Corp. | 0.44% | 42,148 | $3.3M | Add +1.6% |
| FISV Fiserv Inc. | 0.44% | 24,935 | $3.2M | Add +2.2% |
| IR Ingersoll-Rand Inc. | 0.44% | 38,898 | $3.2M | Add +2.5% |
| PTC PTC Inc. | 0.41% | 14,991 | $3.0M | Add +3.0% |
| FAF First American Financial | 0.41% | 46,849 | $3.0M | Add +2.2% |
| PWR Quanta Services Inc. | 0.40% | 7,170 | $3.0M | Add +5.4% |
| MPWR Monolithic Power Systems Inc. | 0.38% | 3,063 | $2.8M | New |
| ACN Accenture PLC Class A | 0.38% | 11,434 | $2.8M | Add +19.4% |
| FR First Industrial Realty TR | 0.38% | 54,774 | $2.8M | Add +5.6% |
| PCT Purecycle Technologies Inc. | 0.38% | 212,791 | $2.8M | Add +0.4% |
| TKR Timken Co. | 0.38% | 37,135 | $2.8M | Add +0.5% |
| FICO Fair Isaac Corp. | 0.38% | 1,861 | $2.8M | Add +6.3% |
| XEL Xcel Energy Inc. | 0.38% | 34,371 | $2.8M | Add +0.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.37% | 23,903 | $2.7M | Add +0.1% |
| EQH Equitable Holdings Inc. | 0.36% | 52,893 | $2.7M | Add +0.7% |
| PAYC Paycom Software Inc. | 0.36% | 12,789 | $2.7M | Add +5.7% |
| AMT American Tower Corp. | 0.36% | 13,759 | $2.6M | Add +6.1% |
| TMUS T-Mobile US Inc. | 0.36% | 11,031 | $2.6M | Add +4.4% |
| ATO Atmos Energy Corp. | 0.35% | 15,167 | $2.6M | Reduce -28.1% |
| TRV The Travelers Cos Inc. | 0.34% | 9,090 | $2.5M | Add +3.9% |
| JNJ Johnson & Johnson | 0.34% | 13,349 | $2.5M | Reduce -4.2% |
| CHD Church & Dwight Co. Inc. | 0.33% | 28,145 | $2.5M | Reduce -36.3% |
| TXN Texas Instruments Inc. | 0.33% | 13,339 | $2.5M | Reduce -0.9% |
| BCPC Balchem Corp. | 0.32% | 15,957 | $2.4M | Add +3.3% |
| SYF Synchrony Financial | 0.32% | 33,622 | $2.4M | Add +0.2% |
| VEA Vanguard Ftse Developed ETF | 0.32% | 39,732 | $2.4M | Reduce -4.1% |
| LOW Lowe's Cos Inc. | 0.32% | 9,463 | $2.4M | Reduce -2.4% |
| COP Conocophillips | 0.32% | 25,090 | $2.4M | Add +0.6% |
| DGX Quest Diagnostics Inc. | 0.32% | 12,346 | $2.4M | Add +37.5% |
| TXRH Texas Roadhouse Inc. | 0.32% | 14,057 | $2.3M | Add +4.5% |
| PSX Phillips 66 | 0.31% | 17,028 | $2.3M | Add +49.3% |
| PG The Procter & Gamble Co. | 0.31% | 14,784 | $2.3M | Reduce -5.2% |
| MDLZ Mondelez International Inc. Class A | 0.31% | 36,243 | $2.3M | Reduce -0.4% |
| FANG Diamondback Energy Inc. | 0.30% | 15,634 | $2.2M | Add +1.1% |
| POOL Pool Corp. | 0.30% | 7,150 | $2.2M | Add +1.1% |
| SN Sharkninja Inc. | 0.29% | 21,023 | $2.2M | Add +2.6% |
Portfolio Sells Q2 2025 → Q3 2025
| QCOM Qualcomm Inc. | Reduce -77.9% | 0.18% | −0.66 |
| ADBE Adobe Inc. | Reduce -73.8% | 0.14% | −0.51 |
| VZ Verizon Communications Inc. | Reduce -65.4% | 0.20% | −0.41 |
| ENTG Entegris Inc. | Sold out | 0.00% | −0.34 |
| MSFT Microsoft Corp. | Reduce -1.9% | 5.78% | −0.33 |
| CHD Church & Dwight Co. Inc. | Reduce -36.3% | 0.33% | −0.29 |
| LNTH Lantheus Holdings Inc. | Reduce -71.7% | 0.06% | −0.28 |
| APD Air Products & Chemicals Inc. | Reduce -75.9% | 0.07% | −0.24 |
| LW Lamb Weston Holdings Inc. | Reduce -60.8% | 0.15% | −0.22 |
| KO The Coca-Cola Co. | Reduce -12.6% | 0.57% | −0.18 |
| BKNG Booking Holdings Inc. | Reduce -4.8% | 0.73% | −0.16 |
| LIN Linde PLC | Reduce -15.2% | 0.53% | −0.14 |
| JPM JPMorgan Chase & Co. | Reduce -5.9% | 2.40% | −0.13 |
| ATO Atmos Energy Corp. | Reduce -28.1% | 0.35% | −0.12 |
| MDT Medtronic PLC | Reduce -72.9% | 0.04% | −0.12 |
| ABT Abbott Laboratories | Reduce -0.3% | 1.17% | −0.11 |
| BR Broadridge Financial Solutio | Reduce -8.2% | 0.49% | −0.10 |
| EOG EOG Resources Inc. | Reduce -1.0% | 0.60% | −0.10 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -13.7% | 0.46% | −0.10 |
| CDW CDW Corp. | Reduce -14.3% | 0.20% | −0.08 |
| TXN Texas Instruments Inc. | Reduce -0.9% | 0.33% | −0.08 |
| UNH Unitedhealth Group Inc. | Reduce -44.7% | 0.10% | −0.08 |
| CMCSA Comcast Corp. Class A | Reduce -46.1% | 0.06% | −0.07 |
| WMT Walmart Inc. | Reduce -5.7% | 0.81% | −0.07 |
| APH Amphenol Corp. Class A | Reduce -21.6% | 0.71% | −0.07 |
| V Visa Inc. Class A | Reduce -10.4% | 0.27% | −0.07 |
| PG The Procter & Gamble Co. | Reduce -5.2% | 0.31% | −0.06 |
| MDLZ Mondelez International Inc. Class A | Reduce -0.4% | 0.31% | −0.05 |
| ROP Roper Technologies Inc. | Reduce -3.3% | 0.19% | −0.05 |
| SUI Sun Communities Inc. | Reduce -10.5% | 0.26% | −0.05 |
| UPS United Parcel Service Class B | Reduce -4.8% | 0.12% | −0.04 |
| ICE Intercontinental Exchange Inc. | Reduce -0.9% | 0.24% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.8% | 0.80% | −0.04 |
| CI The Cigna Group | Sold out | 0.00% | −0.03 |
| OKE Oneok Inc. | Sold out | 0.00% | −0.03 |
| TGT Target Corp. | Reduce -7.9% | 0.11% | −0.03 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -4.5% | 0.69% | −0.03 |
| BLK BlackRock Inc. | Reduce -6.8% | 0.75% | −0.03 |
| UNP Union Pacific Corp. | Reduce -12.8% | 0.15% | −0.03 |
| EQT Eqt Corp. | Sold out | 0.00% | −0.03 |
| OLLI Ollie's Bargain Outlet Holdi | Reduce -12.4% | 0.11% | −0.03 |
| VYM Vanguard High DVD Yield ETF | Reduce -22.7% | 0.09% | −0.03 |
| ADC Agree Realty Corp. | Reduce -24.1% | 0.06% | −0.03 |
| PEP Pepsico Inc. | Reduce -2.6% | 0.64% | −0.03 |
| ECL Ecolab Inc. | Reduce -2.8% | 0.28% | −0.03 |
| SF Stifel Financial Corp. | Reduce -19.2% | 0.10% | −0.02 |
| VEA Vanguard Ftse Developed ETF | Reduce -4.1% | 0.32% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -27.4% | 0.05% | −0.02 |
| ETN Eaton Corp. PLC | Reduce -0.4% | 0.52% | −0.02 |
| BURL Burlington Stores Inc. | Reduce -14.0% | 0.11% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| AVGO Broadcom Inc. | Add +351.7% | 2.11% | +1.69 |
| AAPL Apple Inc. | Add +1.7% | 5.86% | +0.85 |
| ORCL Oracle Corp. | New | 0.82% | +0.82 |
| BNY Bank of New York Mellon Corp. | New | 0.45% | +0.45 |
| MPWR Monolithic Power Systems Inc. | New | 0.38% | +0.38 |
| DG Dollar General Corp. | New | 0.28% | +0.28 |
| RS Reliance Inc. | New | 0.26% | +0.26 |
| CSX CSX Corp. | Add +75.8% | 0.59% | +0.26 |
| GLW Corning Inc. | Add +4.2% | 0.67% | +0.22 |
| ANET Arista Networks Inc. | Add +16.2% | 0.62% | +0.22 |
| TSLA Tesla Inc. | Add +2.3% | 0.75% | +0.19 |
| UTHR United Therapeutics Corp. | Add +3.1% | 0.47% | +0.13 |
| ABBV Abbvie Inc. | Add +5.1% | 0.74% | +0.13 |
| NSSC Napco Security Technologies | Add +1.7% | 0.49% | +0.13 |
| MTZ Mastec Inc. | Add +2.4% | 0.79% | +0.12 |
| PSX Phillips 66 | Add +49.3% | 0.31% | +0.12 |
| WAB Wabtec Corp. | New | 0.10% | +0.10 |
| DGX Quest Diagnostics Inc. | Add +37.5% | 0.32% | +0.08 |
| RTX RTX Corp. | Add +2.1% | 0.99% | +0.08 |
| BAX Baxter International Inc. | Add +126.2% | 0.19% | +0.07 |
| EGP Eastgroup Properties Inc. | New | 0.05% | +0.05 |
| MANH Manhattan Associates Inc. | Add +15.0% | 0.51% | +0.05 |
| PTC PTC Inc. | Add +3.0% | 0.41% | +0.05 |
| MS Morgan Stanley | Add +2.2% | 0.70% | +0.05 |
| LFUS Littelfuse Inc. | Add +4.3% | 0.47% | +0.04 |
| XEL Xcel Energy Inc. | Add +0.1% | 0.38% | +0.03 |
| ESGV Vanguard ESG US Stock ETF | New | 0.03% | +0.03 |
| ICLR Icon PLC | Add +9.5% | 0.18% | +0.03 |
| MPC Marathon Petroleum Corp. | New | 0.03% | +0.03 |
| NEE Nextera Energy Inc. | Add +2.2% | 1.02% | +0.03 |
| VEU Vanguard Ftse All-World Ex-U | New | 0.03% | +0.03 |
| SCHG Schwab US Large-Cap Growth | New | 0.03% | +0.03 |
| IDA Idacorp Inc. | Add +12.9% | 0.17% | +0.03 |
| PWR Quanta Services Inc. | Add +5.4% | 0.40% | +0.03 |
| HD Home Depot Inc. | Add +1.4% | 0.71% | +0.03 |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | Add +30.2% | 0.12% | +0.03 |
| FR First Industrial Realty TR | Add +5.6% | 0.38% | +0.02 |
| ENS Enersys | Add +4.8% | 0.07% | +0.01 |
| ONTO Onto Innovation Inc. | Add +5.8% | 0.07% | +0.01 |
| PLTR Palantir Technologies Inc. Class A | Add +1.3% | 0.05% | +0.01 |
| SMMD iShares Russell 2500 ETF | Add +33.2% | 0.04% | +0.01 |
| FBIN Fortune Brands Innovations I | Add +26.3% | 0.06% | +0.01 |
| ICFI Icf International Inc. | Add +13.9% | 0.07% | +0.01 |
| BLD Topbuild Corp. | Add +5.0% | 0.06% | +0.01 |
| MC Moelis & Co. Class A | Add +4.9% | 0.08% | +0.01 |
| FELE Franklin Electric Co. Inc. | Add +10.0% | 0.11% | +0.01 |
| DGRO iShares Core Dividend Growth | Add +20.5% | 0.04% | +0.01 |
| AUB Atlantic Union Bankshares Co. | Add +4.8% | 0.07% | +0.01 |
| LECO Lincoln Electric Holdings | Add +4.8% | 0.07% | +0.01 |
| RPM RPM International Inc. | Add +3.2% | 0.24% | +0.01 |
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 |