First National Advisers, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 4, 2026), First National Advisers, LLC reported 235 stock positions worth $727.3 million. Its top holding was Dimensional International (DFAI) at 6.6% of the portfolio, followed by Apple (AAPL, 6.1%) and Nvidia (NVDA, 5.4%). Compared with Q3 2025, it opened 17 new positions, sold out of 10, added to 47 and reduced 150. The biggest buy was Schwab (charles) (SCHW, shares +591%) and the biggest sale Zoetis (ZTS, shares −91%).
- Most Recent 13F
- Q2 2026
- Location
- OMAHA, NE
- CIK
- 0001941030
- Portfolio Value
- $727.3M (Q4 2025)
- SEC Filing
- 0001172661-26-000464 ↗ filed Feb 4, 2026
Holdings Value
Holdings 235 stocks · $727.3M
| DFAI Dimensional International Co. | 6.64% | 1,267,804 | $48.3M | Add +3.5% |
| AAPL Apple Inc. | 6.08% | 162,773 | $44.3M | Reduce -4.1% |
| NVDA Nvidia Corp. | 5.37% | 209,439 | $39.1M | Reduce -3.0% |
| MSFT Microsoft Corp. | 5.34% | 80,236 | $38.8M | Reduce -2.4% |
| GOOG Alphabet Inc. Class C | 3.78% | 87,636 | $27.5M | Reduce -2.1% |
| AMZN Amazon.com Inc. | 2.95% | 92,823 | $21.4M | Reduce -1.6% |
| JPM JPMorgan Chase & Co. | 2.37% | 53,386 | $17.2M | Reduce -4.9% |
| AVGO Broadcom Inc. | 2.35% | 49,317 | $17.1M | Add +4.5% |
| META Meta Platforms Inc. Class A | 2.14% | 23,539 | $15.5M | Reduce -0.7% |
| JEPI JPMorgan Equity Premium Inco | 1.69% | 215,279 | $12.3M | Reduce -3.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.66% | 16 | $12.1M | No change |
| LLY Eli Lilly & Co. | 1.53% | 10,362 | $11.1M | Add +1.5% |
| GOOGL Alphabet Inc. Class A | 1.27% | 29,512 | $9.2M | Reduce -1.4% |
| MA Mastercard Inc. Class A | 1.07% | 13,680 | $7.8M | Reduce -2.5% |
| RTX RTX Corp. | 1.07% | 42,397 | $7.8M | Reduce -2.6% |
| ABT Abbott Laboratories | 1.07% | 61,972 | $7.8M | Reduce -3.5% |
| TSLA Tesla Inc. | 1.00% | 16,204 | $7.3M | Add +29.7% |
| NEE Nextera Energy Inc. | 0.97% | 87,993 | $7.1M | Reduce -11.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.94% | 13,570 | $6.8M | Add +16.1% |
| AMGN Amgen Inc. | 0.92% | 20,389 | $6.7M | Reduce -6.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.89% | 19,212 | $6.4M | Add +24.5% |
| WMT Walmart Inc. | 0.87% | 57,092 | $6.4M | Reduce -1.9% |
| XOM Exxon Mobil Corp. | 0.82% | 49,482 | $6.0M | Reduce -1.5% |
| WFC Wells Fargo & Co. | 0.80% | 62,742 | $5.8M | Reduce -2.5% |
| COST Costco Wholesale Corp. | 0.79% | 6,666 | $5.7M | Reduce -8.2% |
| ABBV Abbvie Inc. | 0.75% | 23,775 | $5.4M | Add +1.0% |
| ORCL Oracle Corp. | 0.70% | 26,273 | $5.1M | Add +22.0% |
| SCHW Schwab (charles) Corp. | 0.70% | 51,206 | $5.1M | Add +590.8% |
| MTZ Mastec Inc. | 0.66% | 22,139 | $4.8M | Reduce -19.3% |
| APH Amphenol Corp. Class A | 0.65% | 35,190 | $4.8M | Reduce -16.6% |
| PEP Pepsico Inc. | 0.65% | 32,901 | $4.7M | Reduce -2.2% |
| MS Morgan Stanley | 0.64% | 26,224 | $4.7M | Reduce -19.4% |
| BKNG Booking Holdings Inc. | 0.64% | 865 | $4.6M | Reduce -13.7% |
| BLK BlackRock Inc. | 0.62% | 4,195 | $4.5M | Reduce -11.1% |
| CB Chubb Ltd. | 0.62% | 14,338 | $4.5M | Reduce -1.6% |
| CSX CSX Corp. | 0.61% | 122,493 | $4.4M | Add +0.7% |
| AME Ametek Inc. | 0.61% | 21,528 | $4.4M | Reduce -1.8% |
| WM Waste Management Inc. | 0.60% | 19,960 | $4.4M | Reduce -2.8% |
| HD Home Depot Inc. | 0.60% | 12,668 | $4.4M | Reduce -2.2% |
| ANET Arista Networks Inc. | 0.57% | 31,605 | $4.1M | Add +0.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.57% | 26,777 | $4.1M | Reduce -10.9% |
| CME Cme Group Inc. | 0.55% | 14,773 | $4.0M | Reduce -1.8% |
| GLW Corning Inc. | 0.55% | 45,767 | $4.0M | Reduce -23.8% |
| EOG EOG Resources Inc. | 0.55% | 38,038 | $4.0M | Reduce -3.8% |
| ORLY O'reilly Automotive Inc. | 0.53% | 42,565 | $3.9M | Reduce -0.9% |
| TMO Thermo Fisher Scientific Inc. | 0.53% | 6,646 | $3.9M | Add +121.0% |
| KO The Coca-Cola Co. | 0.52% | 53,694 | $3.8M | Reduce -15.4% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.51% | 31,911 | $3.7M | Add +5.2% |
| VOO Vanguard S&P 500 ETF | 0.51% | 5,905 | $3.7M | Add +5.4% |
| CTAS Cintas Corp. | 0.50% | 19,392 | $3.6M | Reduce -2.0% |
| CVX Chevron Corp. | 0.50% | 23,891 | $3.6M | Reduce -6.5% |
| LIN Linde PLC | 0.50% | 8,451 | $3.6M | Add +3.1% |
| MCO Moody's Corp. | 0.50% | 7,050 | $3.6M | Reduce -2.2% |
| EW Edwards Lifesciences Corp. | 0.49% | 41,479 | $3.5M | Reduce -1.6% |
| IR Ingersoll-Rand Inc. | 0.49% | 44,637 | $3.5M | Add +14.8% |
| MCHP Microchip Technology Inc. | 0.48% | 54,265 | $3.5M | Reduce -4.1% |
| NSSC Napco Security Technologies | 0.47% | 82,656 | $3.4M | Reduce -1.4% |
| LFUS Littelfuse Inc. | 0.47% | 13,612 | $3.4M | Add +2.3% |
| SO The Southern Co. | 0.44% | 36,509 | $3.2M | Reduce -7.8% |
| ETN Eaton Corp. PLC | 0.44% | 9,939 | $3.2M | Reduce -3.2% |
| MWA Mueller Water Products Inc. Class A | 0.43% | 132,180 | $3.1M | New |
| CFR Cullen/Frost Bankers Inc. | 0.43% | 24,512 | $3.1M | Reduce -12.4% |
| MKL Markel Group Inc. | 0.42% | 1,433 | $3.1M | Reduce -22.3% |
| BR Broadridge Financial Solutio | 0.42% | 13,697 | $3.1M | Reduce -9.9% |
| UTHR United Therapeutics Corp. | 0.42% | 6,269 | $3.1M | Reduce -24.8% |
| BCPC Balchem Corp. | 0.42% | 19,820 | $3.0M | Add +24.2% |
| FICO Fair Isaac Corp. | 0.41% | 1,773 | $3.0M | Reduce -4.7% |
| ACN Accenture PLC Class A | 0.41% | 11,060 | $3.0M | Reduce -3.3% |
| RCL Royal Caribbean Cruises Ltd. | 0.39% | 10,197 | $2.8M | Reduce -2.3% |
| FAF First American Financial | 0.39% | 46,121 | $2.8M | Reduce -1.6% |
| MPWR Monolithic Power Systems Inc. | 0.39% | 3,091 | $2.8M | Add +0.9% |
| BRO Brown & Brown Inc. | 0.38% | 35,009 | $2.8M | Reduce -3.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.38% | 24,025 | $2.7M | Add +0.5% |
| SYF Synchrony Financial | 0.38% | 32,696 | $2.7M | Reduce -2.8% |
| DG Dollar General Corp. | 0.37% | 20,275 | $2.7M | Add +3.2% |
| MIR Mirion Technologies Inc. | 0.36% | 111,199 | $2.6M | New |
| PWR Quanta Services Inc. | 0.36% | 6,145 | $2.6M | Reduce -14.3% |
| PTC PTC Inc. | 0.35% | 14,713 | $2.6M | Reduce -1.9% |
| EQH Equitable Holdings Inc. | 0.34% | 51,762 | $2.5M | Reduce -2.1% |
| FR First Industrial Realty TR | 0.34% | 43,020 | $2.5M | Reduce -21.5% |
| JNJ Johnson & Johnson | 0.34% | 11,843 | $2.5M | Reduce -11.3% |
| ATO Atmos Energy Corp. | 0.33% | 14,432 | $2.4M | Reduce -4.8% |
| DGX Quest Diagnostics Inc. | 0.33% | 13,828 | $2.4M | Add +12.0% |
| RS Reliance Inc. | 0.33% | 8,256 | $2.4M | Add +19.1% |
| XEL Xcel Energy Inc. | 0.33% | 32,195 | $2.4M | Reduce -6.3% |
| AMT American Tower Corp. | 0.32% | 13,458 | $2.4M | Reduce -2.2% |
| SN Sharkninja Inc. | 0.32% | 20,870 | $2.3M | Reduce -0.7% |
| TXRH Texas Roadhouse Inc. | 0.32% | 13,987 | $2.3M | Reduce -0.5% |
| VEA Vanguard Ftse Developed ETF | 0.31% | 36,400 | $2.3M | Reduce -8.4% |
| FANG Diamondback Energy Inc. | 0.31% | 14,997 | $2.3M | Reduce -4.1% |
| COP Conocophillips | 0.31% | 24,080 | $2.3M | Reduce -4.0% |
| CHD Church & Dwight Co. Inc. | 0.30% | 26,314 | $2.2M | Reduce -6.5% |
| NVT Nvent Electric PLC | 0.30% | 21,633 | $2.2M | New |
| PSX Phillips 66 | 0.30% | 17,064 | $2.2M | Add +0.2% |
| UFPT Ufp Technologies Inc. | 0.30% | 9,803 | $2.2M | Reduce -5.5% |
| TMUS T-Mobile US Inc. | 0.29% | 10,549 | $2.1M | Reduce -4.4% |
| V Visa Inc. Class A | 0.29% | 5,929 | $2.1M | Add +1.0% |
| LOW Lowe's Cos Inc. | 0.28% | 8,412 | $2.0M | Reduce -11.1% |
| TRV The Travelers Cos Inc. | 0.28% | 6,938 | $2.0M | Reduce -23.7% |
| PG The Procter & Gamble Co. | 0.27% | 13,622 | $2.0M | Reduce -7.9% |
Portfolio Sells Q3 2025 → Q4 2025
| ZTS Zoetis Inc. | Reduce -91.0% | 0.05% | −0.56 |
| MANH Manhattan Associates Inc. | Reduce -87.9% | 0.05% | −0.45 |
| MSFT Microsoft Corp. | Reduce -2.4% | 5.34% | −0.44 |
| FISV Fiserv Inc. | Reduce -87.0% | 0.03% | −0.41 |
| TKR Timken Co. | Sold out | 0.00% | −0.38 |
| PAYC Paycom Software Inc. | Reduce -75.6% | 0.07% | −0.29 |
| META Meta Platforms Inc. Class A | Reduce -0.7% | 2.14% | −0.22 |
| BAX Baxter International Inc. | Sold out | 0.00% | −0.19 |
| RHI Robert Half Inc. | Reduce -50.4% | 0.10% | −0.14 |
| CDW CDW Corp. | Reduce -65.9% | 0.06% | −0.14 |
| PCT Purecycle Technologies Inc. | Reduce -2.1% | 0.25% | −0.13 |
| MTZ Mastec Inc. | Reduce -19.3% | 0.66% | −0.13 |
| BLK BlackRock Inc. | Reduce -11.1% | 0.62% | −0.13 |
| MDLZ Mondelez International Inc. Class A | Reduce -31.6% | 0.18% | −0.12 |
| COST Costco Wholesale Corp. | Reduce -8.2% | 0.79% | −0.12 |
| GLW Corning Inc. | Reduce -23.8% | 0.55% | −0.12 |
| ECL Ecolab Inc. | Reduce -40.0% | 0.16% | −0.12 |
| HD Home Depot Inc. | Reduce -2.2% | 0.60% | −0.11 |
| POOL Pool Corp. | Reduce -13.4% | 0.19% | −0.11 |
| ABT Abbott Laboratories | Reduce -3.5% | 1.07% | −0.10 |
| NVDA Nvidia Corp. | Reduce -3.0% | 5.37% | −0.10 |
| BKNG Booking Holdings Inc. | Reduce -13.7% | 0.64% | −0.10 |
| ORLY O'reilly Automotive Inc. | Reduce -0.9% | 0.53% | −0.09 |
| ETN Eaton Corp. PLC | Reduce -3.2% | 0.44% | −0.09 |
| TXN Texas Instruments Inc. | Reduce -20.8% | 0.25% | −0.08 |
| DUK Duke Energy Corp. | Reduce -44.9% | 0.09% | −0.08 |
| BRO Brown & Brown Inc. | Reduce -3.0% | 0.38% | −0.08 |
| BR Broadridge Financial Solutio | Reduce -9.9% | 0.42% | −0.07 |
| SO The Southern Co. | Reduce -7.8% | 0.44% | −0.07 |
| TRV The Travelers Cos Inc. | Reduce -23.7% | 0.28% | −0.07 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -2.3% | 0.39% | −0.07 |
| APD Air Products & Chemicals Inc. | Sold out | 0.00% | −0.07 |
| TMUS T-Mobile US Inc. | Reduce -4.4% | 0.29% | −0.06 |
| MS Morgan Stanley | Reduce -19.4% | 0.64% | −0.06 |
| PTC PTC Inc. | Reduce -1.9% | 0.35% | −0.06 |
| KO The Coca-Cola Co. | Reduce -15.4% | 0.52% | −0.06 |
| LNTH Lantheus Holdings Inc. | Sold out | 0.00% | −0.06 |
| APH Amphenol Corp. Class A | Reduce -16.6% | 0.65% | −0.06 |
| CFR Cullen/Frost Bankers Inc. | Reduce -12.4% | 0.43% | −0.05 |
| MKL Markel Group Inc. | Reduce -22.3% | 0.42% | −0.05 |
| UTHR United Therapeutics Corp. | Reduce -24.8% | 0.42% | −0.05 |
| EOG EOG Resources Inc. | Reduce -3.8% | 0.55% | −0.05 |
| AMBA Ambarella Inc. | Sold out | 0.00% | −0.05 |
| CTAS Cintas Corp. | Reduce -2.0% | 0.50% | −0.05 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Sold out | 0.00% | −0.05 |
| XEL Xcel Energy Inc. | Reduce -6.3% | 0.33% | −0.05 |
| UNH Unitedhealth Group Inc. | Reduce -46.1% | 0.05% | −0.05 |
| NEE Nextera Energy Inc. | Reduce -11.5% | 0.97% | −0.05 |
| PWR Quanta Services Inc. | Reduce -14.3% | 0.36% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -41.0% | 0.07% | −0.04 |
Portfolio Buys Q3 2025 → Q4 2025
| SCHW Schwab (charles) Corp. | Add +590.8% | 0.70% | +0.61 |
| DFAI Dimensional International Co. | Add +3.5% | 6.64% | +0.60 |
| LLY Eli Lilly & Co. | Add +1.5% | 1.53% | +0.47 |
| MWA Mueller Water Products Inc. Class A | New | 0.43% | +0.43 |
| MIR Mirion Technologies Inc. | New | 0.36% | +0.36 |
| TMO Thermo Fisher Scientific Inc. | Add +121.0% | 0.53% | +0.33 |
| NVT Nvent Electric PLC | New | 0.30% | +0.30 |
| TSLA Tesla Inc. | Add +29.7% | 1.00% | +0.25 |
| AVGO Broadcom Inc. | Add +4.5% | 2.35% | +0.23 |
| VTI VG Morningstar TS MKT ETF-US | Add +24.5% | 0.89% | +0.20 |
| CRM Salesforce Inc. | New | 0.15% | +0.15 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +16.1% | 0.94% | +0.14 |
| DG Dollar General Corp. | Add +3.2% | 0.37% | +0.09 |
| BCPC Balchem Corp. | Add +24.2% | 0.42% | +0.09 |
| PM Philip Morris International | New | 0.08% | +0.08 |
| PYPL PayPal Holdings Inc. | New | 0.07% | +0.07 |
| NFLX Netflix Inc. | New | 0.06% | +0.06 |
| RS Reliance Inc. | Add +19.1% | 0.33% | +0.06 |
| BNY Bank of New York Mellon Corp. | Add +5.2% | 0.51% | +0.06 |
| CI The Cigna Group | New | 0.06% | +0.06 |
| ZBH Zimmer Biomet Holdings Inc. | New | 0.06% | +0.06 |
| LW Lamb Weston Holdings Inc. | Add +84.1% | 0.21% | +0.05 |
| IR Ingersoll-Rand Inc. | Add +14.8% | 0.49% | +0.05 |
| AAON Aaon Inc. | New | 0.05% | +0.05 |
| VOO Vanguard S&P 500 ETF | Add +5.4% | 0.51% | +0.04 |
| BND Vanguard Total Bond Market | New | 0.04% | +0.04 |
| DT Dynatrace Inc. | New | 0.04% | +0.04 |
| AMD Advanced Micro Devices | Add +0.3% | 0.14% | +0.04 |
| CAVA Cava Group Inc. | New | 0.04% | +0.04 |
| CCI Crown Castle Inc. | New | 0.04% | +0.04 |
| CHWY Chewy Inc. Class A | New | 0.04% | +0.04 |
| J Jacobs Solutions Inc. | New | 0.03% | +0.03 |
| SBUX Starbucks Corp. | Add +28.9% | 0.14% | +0.03 |
| GS Goldman Sachs Group Inc. | New | 0.03% | +0.03 |
| SSB Southstate Bank Corp. | Add +32.9% | 0.12% | +0.03 |
| CSX CSX Corp. | Add +0.7% | 0.61% | +0.02 |
| REET iShares Global REIT ETF | Add +11.0% | 0.22% | +0.02 |
| NDAQ Nasdaq Inc. | Add +1.6% | 0.14% | +0.02 |
| WAB Wabtec Corp. | Add +8.0% | 0.11% | +0.02 |
| V Visa Inc. Class A | Add +1.0% | 0.29% | +0.01 |
| DGX Quest Diagnostics Inc. | Add +12.0% | 0.33% | +0.01 |
| LAMR Lamar Advertising Co. Class A | Add +1.5% | 0.16% | +0.01 |
| AMAT Applied Materials Inc. | Add +0.4% | 0.04% | +0.01 |
| ABBV Abbvie Inc. | Add +1.0% | 0.75% | +0.01 |
| LFUS Littelfuse Inc. | Add +2.3% | 0.47% | +0.01 |
| ESGV Vanguard ESG US Stock ETF | Add +12.1% | 0.04% | +0.01 |
| VEU Vanguard Ftse All-World Ex-U | Add +12.0% | 0.03% | +0.00 |
| DIS The Walt Disney Co. | Add +0.5% | 0.38% | +0.00 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +1.2% | 0.09% | +0.00 |
| IJH iShares Core S&P Midcap ETF | Add +0.0% | 0.18% | +0.00 |
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 |