First National Advisers, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 8, 2026), First National Advisers, LLC reported 239 stock positions worth $683.5 million. Its top holding was Dimensional International (DFAI) at 8.3% of the portfolio, followed by Apple (AAPL, 5.7%) and Nvidia (NVDA, 4.7%). Compared with Q4 2025, it opened 23 new positions, sold out of 19, added to 49 and reduced 153. The biggest buy was a new position in PIMCO Commodity Active Strat (CMDT) and the biggest sale Microsoft (MSFT, shares −10%).
- Most Recent 13F
- Q2 2026
- Location
- OMAHA, NE
- CIK
- 0001941030
- Portfolio Value
- $683.5M (Q1 2026)
- SEC Filing
- 0001172661-26-001630 ↗ filed May 8, 2026
Holdings Value
Holdings 239 stocks · $683.5M
| DFAI Dimensional International Co. | 8.32% | 1,460,459 | $56.9M | Add +15.2% |
| AAPL Apple Inc. | 5.66% | 152,507 | $38.7M | Reduce -6.3% |
| NVDA Nvidia Corp. | 4.74% | 185,768 | $32.4M | Reduce -11.3% |
| MSFT Microsoft Corp. | 3.91% | 72,260 | $26.7M | Reduce -9.9% |
| GOOG Alphabet Inc. Class C | 3.15% | 75,047 | $21.5M | Reduce -14.4% |
| AMZN Amazon.com Inc. | 2.78% | 91,166 | $19.0M | Reduce -1.8% |
| CMDT PIMCO Commodity Active Strat | 2.39% | 505,934 | $16.3M | New |
| RLY SS Multi-Asset Real Ret ETF | 2.23% | 421,698 | $15.2M | New |
| AVGO Broadcom Inc. | 2.10% | 46,320 | $14.3M | Reduce -6.1% |
| JPM JPMorgan Chase & Co. | 2.05% | 47,664 | $14.0M | Reduce -10.7% |
| META Meta Platforms Inc. Class A | 1.88% | 22,401 | $12.8M | Reduce -4.8% |
| JEPI JPMorgan Equity Premium Inco | 1.76% | 211,674 | $12.0M | Reduce -1.7% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.68% | 16 | $11.5M | No change |
| LLY Eli Lilly & Co. | 1.29% | 9,582 | $8.8M | Reduce -7.5% |
| GOOGL Alphabet Inc. Class A | 1.25% | 29,743 | $8.6M | Add +0.8% |
| XOM Exxon Mobil Corp. | 1.08% | 43,494 | $7.4M | Reduce -12.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.08% | 15,380 | $7.4M | Add +13.3% |
| RTX RTX Corp. | 1.03% | 36,526 | $7.0M | Reduce -13.8% |
| NEE Nextera Energy Inc. | 1.02% | 75,367 | $7.0M | Reduce -14.3% |
| COST Costco Wholesale Corp. | 0.94% | 6,466 | $6.4M | Reduce -3.0% |
| WMT Walmart Inc. | 0.92% | 50,618 | $6.3M | Reduce -11.3% |
| MA Mastercard Inc. Class A | 0.89% | 12,127 | $6.1M | Reduce -11.3% |
| AMGN Amgen Inc. | 0.85% | 16,537 | $5.8M | Reduce -18.9% |
| ABT Abbott Laboratories | 0.84% | 55,656 | $5.7M | Reduce -10.2% |
| TSLA Tesla Inc. | 0.81% | 14,869 | $5.5M | Reduce -8.2% |
| PPI Astoria Real Assets ETF | 0.72% | 236,350 | $4.9M | New |
| PEP Pepsico Inc. | 0.71% | 31,399 | $4.9M | Reduce -4.6% |
| EOG EOG Resources Inc. | 0.69% | 32,679 | $4.7M | Reduce -14.1% |
| ABBV Abbvie Inc. | 0.66% | 20,823 | $4.5M | Reduce -12.4% |
| SCHW Schwab (charles) Corp. | 0.65% | 47,242 | $4.4M | Reduce -7.7% |
| MTZ Mastec Inc. | 0.65% | 13,744 | $4.4M | Reduce -37.9% |
| WFC Wells Fargo & Co. | 0.64% | 54,806 | $4.4M | Reduce -12.7% |
| CSX CSX Corp. | 0.64% | 105,971 | $4.4M | Reduce -13.5% |
| CVX Chevron Corp. | 0.63% | 20,655 | $4.3M | Reduce -13.5% |
| SO The Southern Co. | 0.60% | 42,532 | $4.1M | Add +16.5% |
| CB Chubb Ltd. | 0.59% | 12,467 | $4.1M | Reduce -13.1% |
| AME Ametek Inc. | 0.58% | 18,545 | $4.0M | Reduce -13.9% |
| WM Waste Management Inc. | 0.58% | 17,179 | $3.9M | Reduce -13.9% |
| KO The Coca-Cola Co. | 0.57% | 51,628 | $3.9M | Reduce -3.9% |
| GLW Corning Inc. | 0.57% | 28,835 | $3.9M | Reduce -37.0% |
| LFUS Littelfuse Inc. | 0.57% | 11,486 | $3.9M | Reduce -15.6% |
| CME Cme Group Inc. | 0.55% | 12,787 | $3.8M | Reduce -13.4% |
| MS Morgan Stanley | 0.55% | 22,839 | $3.8M | Reduce -12.9% |
| LIN Linde PLC | 0.55% | 7,559 | $3.7M | Reduce -10.6% |
| APH Amphenol Corp. Class A | 0.55% | 29,499 | $3.7M | Reduce -16.2% |
| BLK BlackRock Inc. | 0.54% | 3,824 | $3.7M | Reduce -8.8% |
| VOO Vanguard S&P 500 ETF | 0.54% | 6,138 | $3.7M | Add +4.0% |
| HD Home Depot Inc. | 0.53% | 11,066 | $3.6M | Reduce -12.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.53% | 11,189 | $3.6M | Reduce -41.8% |
| ORLY O'reilly Automotive Inc. | 0.50% | 37,382 | $3.5M | Reduce -12.2% |
| ORCL Oracle Corp. | 0.50% | 23,004 | $3.4M | Reduce -12.4% |
| ETN Eaton Corp. PLC | 0.49% | 9,363 | $3.3M | Reduce -5.8% |
| ANET Arista Networks Inc. | 0.49% | 27,253 | $3.3M | Reduce -13.8% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.48% | 27,894 | $3.3M | Reduce -12.6% |
| MWA Mueller Water Products Inc. Class A | 0.48% | 119,632 | $3.3M | Reduce -9.5% |
| BKNG Booking Holdings Inc. | 0.47% | 756 | $3.2M | Reduce -12.6% |
| UTHR United Therapeutics Corp. | 0.46% | 5,323 | $3.2M | Reduce -15.1% |
| TMO Thermo Fisher Scientific Inc. | 0.46% | 6,379 | $3.1M | Reduce -4.0% |
| BCPC Balchem Corp. | 0.45% | 18,206 | $3.1M | Reduce -8.1% |
| MCHP Microchip Technology Inc. | 0.44% | 46,514 | $3.0M | Reduce -14.3% |
| MPWR Monolithic Power Systems Inc. | 0.43% | 2,695 | $2.9M | Reduce -12.8% |
| EW Edwards Lifesciences Corp. | 0.42% | 36,012 | $2.9M | Reduce -13.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.42% | 17,961 | $2.9M | Reduce -32.9% |
| COP Conocophillips | 0.42% | 21,607 | $2.9M | Reduce -10.3% |
| NSSC Napco Security Technologies | 0.42% | 72,247 | $2.8M | Reduce -12.6% |
| PWR Quanta Services Inc. | 0.42% | 5,171 | $2.8M | Reduce -15.8% |
| CTAS Cintas Corp. | 0.41% | 16,667 | $2.8M | Reduce -14.1% |
| MCO Moody's Corp. | 0.40% | 6,274 | $2.7M | Reduce -11.0% |
| ATO Atmos Energy Corp. | 0.40% | 14,813 | $2.7M | Add +2.6% |
| NVT Nvent Electric PLC | 0.40% | 23,102 | $2.7M | Add +6.8% |
| DGX Quest Diagnostics Inc. | 0.39% | 13,641 | $2.7M | Reduce -1.4% |
| PSX Phillips 66 | 0.39% | 14,658 | $2.7M | Reduce -14.1% |
| VEA Vanguard Ftse Developed ETF | 0.38% | 40,474 | $2.6M | Add +11.2% |
| FANG Diamondback Energy Inc. | 0.38% | 12,982 | $2.6M | Reduce -13.4% |
| RS Reliance Inc. | 0.36% | 8,163 | $2.5M | Reduce -1.1% |
| KMT Kennametal Inc. | 0.36% | 68,300 | $2.5M | New |
| FAF First American Financial | 0.36% | 40,730 | $2.5M | Reduce -11.7% |
| RCL Royal Caribbean Cruises Ltd. | 0.35% | 8,778 | $2.4M | Reduce -13.9% |
| JNJ Johnson & Johnson | 0.35% | 9,868 | $2.4M | Reduce -16.7% |
| MKL Markel Group Inc. | 0.35% | 1,260 | $2.4M | Reduce -12.1% |
| FICO Fair Isaac Corp. | 0.35% | 2,232 | $2.4M | Add +25.9% |
| AMT American Tower Corp. | 0.34% | 13,517 | $2.3M | Add +0.4% |
| CHD Church & Dwight Co. Inc. | 0.32% | 23,728 | $2.2M | Reduce -9.8% |
| BR Broadridge Financial Solutio | 0.31% | 12,971 | $2.1M | Reduce -5.3% |
| DG Dollar General Corp. | 0.31% | 17,686 | $2.1M | Reduce -12.8% |
| PTC PTC Inc. | 0.31% | 14,645 | $2.1M | Reduce -0.5% |
| FR First Industrial Realty TR | 0.30% | 35,569 | $2.1M | Reduce -17.3% |
| TXRH Texas Roadhouse Inc. | 0.29% | 12,092 | $2.0M | Reduce -13.6% |
| TMUS T-Mobile US Inc. | 0.29% | 9,326 | $2.0M | Reduce -11.6% |
| MIR Mirion Technologies Inc. | 0.28% | 104,679 | $1.9M | Reduce -5.9% |
| TXN Texas Instruments Inc. | 0.28% | 9,968 | $1.9M | Reduce -5.6% |
| SN Sharkninja Inc. | 0.28% | 17,909 | $1.9M | Reduce -14.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.28% | 19,575 | $1.9M | Reduce -18.5% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 0.27% | 14,784 | $1.9M | Add +2.5% |
| ACN Accenture PLC Class A | 0.27% | 9,342 | $1.9M | Reduce -15.5% |
| V Visa Inc. Class A | 0.26% | 5,912 | $1.8M | Reduce -0.3% |
| PG The Procter & Gamble Co. | 0.26% | 12,345 | $1.8M | Reduce -9.4% |
| UFPT Ufp Technologies Inc. | 0.25% | 8,914 | $1.7M | Reduce -9.1% |
| EQH Equitable Holdings Inc. | 0.24% | 44,335 | $1.6M | Reduce -14.3% |
| ICE Intercontinental Exchange Inc. | 0.24% | 10,429 | $1.6M | Reduce -0.3% |
Portfolio Sells Q4 2025 → Q1 2026
| MSFT Microsoft Corp. | Reduce -9.9% | 3.91% | −1.42 |
| GOOG Alphabet Inc. Class C | Reduce -14.4% | 3.15% | −0.63 |
| NVDA Nvidia Corp. | Reduce -11.3% | 4.74% | −0.63 |
| IR Ingersoll-Rand Inc. | Sold out | 0.00% | −0.49 |
| AAPL Apple Inc. | Reduce -6.3% | 5.66% | −0.42 |
| BRO Brown & Brown Inc. | Sold out | 0.00% | −0.38 |
| SYF Synchrony Financial | Sold out | 0.00% | −0.38 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -41.8% | 0.53% | −0.36 |
| JPM JPMorgan Chase & Co. | Reduce -10.7% | 2.05% | −0.31 |
| META Meta Platforms Inc. Class A | Reduce -4.8% | 1.88% | −0.26 |
| AVGO Broadcom Inc. | Reduce -6.1% | 2.10% | −0.25 |
| LLY Eli Lilly & Co. | Reduce -7.5% | 1.29% | −0.24 |
| ABT Abbott Laboratories | Reduce -10.2% | 0.84% | −0.23 |
| REET iShares Global REIT ETF | Sold out | 0.00% | −0.22 |
| LOW Lowe's Cos Inc. | Reduce -77.4% | 0.07% | −0.21 |
| ORCL Oracle Corp. | Reduce -12.4% | 0.50% | −0.21 |
| CFR Cullen/Frost Bankers Inc. | Reduce -53.3% | 0.23% | −0.20 |
| TSLA Tesla Inc. | Reduce -8.2% | 0.81% | −0.19 |
| MA Mastercard Inc. Class A | Reduce -11.3% | 0.89% | −0.19 |
| BKNG Booking Holdings Inc. | Reduce -12.6% | 0.47% | −0.17 |
| AMZN Amazon.com Inc. | Reduce -1.8% | 2.78% | −0.17 |
| WFC Wells Fargo & Co. | Reduce -12.7% | 0.64% | −0.17 |
| TJX TJX Companies Inc. | Reduce -32.9% | 0.42% | −0.15 |
| LW Lamb Weston Holdings Inc. | Reduce -70.5% | 0.07% | −0.14 |
| ACN Accenture PLC Class A | Reduce -15.5% | 0.27% | −0.14 |
| JLL Jones Lang Lasalle Inc. | Reduce -43.5% | 0.13% | −0.11 |
| BR Broadridge Financial Solutio | Reduce -5.3% | 0.31% | −0.11 |
| RVTY Revvity Inc. | Reduce -56.6% | 0.08% | −0.11 |
| APH Amphenol Corp. Class A | Reduce -16.2% | 0.55% | −0.11 |
| PCT Purecycle Technologies Inc. | Reduce -12.8% | 0.14% | −0.11 |
| DIS The Walt Disney Co. | Reduce -18.5% | 0.28% | −0.10 |
| EQH Equitable Holdings Inc. | Reduce -14.3% | 0.24% | −0.10 |
| MCO Moody's Corp. | Reduce -11.0% | 0.40% | −0.09 |
| ICLR Icon PLC | Reduce -21.6% | 0.10% | −0.09 |
| MS Morgan Stanley | Reduce -12.9% | 0.55% | −0.09 |
| XEL Xcel Energy Inc. | Reduce -36.5% | 0.24% | −0.09 |
| CTAS Cintas Corp. | Reduce -14.1% | 0.41% | −0.09 |
| ABBV Abbvie Inc. | Reduce -12.4% | 0.66% | −0.08 |
| RPM RPM International Inc. | Reduce -39.8% | 0.13% | −0.08 |
| ANET Arista Networks Inc. | Reduce -13.8% | 0.49% | −0.08 |
| BLK BlackRock Inc. | Reduce -8.8% | 0.54% | −0.08 |
| MIR Mirion Technologies Inc. | Reduce -5.9% | 0.28% | −0.07 |
| TMO Thermo Fisher Scientific Inc. | Reduce -4.0% | 0.46% | −0.07 |
| MKL Markel Group Inc. | Reduce -12.1% | 0.35% | −0.07 |
| PAYC Paycom Software Inc. | Sold out | 0.00% | −0.07 |
| HD Home Depot Inc. | Reduce -12.7% | 0.53% | −0.07 |
| AMGN Amgen Inc. | Reduce -18.9% | 0.85% | −0.07 |
| EW Edwards Lifesciences Corp. | Reduce -13.2% | 0.42% | −0.06 |
| DG Dollar General Corp. | Reduce -12.8% | 0.31% | −0.06 |
| CDW CDW Corp. | Sold out | 0.00% | −0.06 |
Portfolio Buys Q4 2025 → Q1 2026
| CMDT PIMCO Commodity Active Strat | New | 2.39% | +2.39 |
| RLY SS Multi-Asset Real Ret ETF | New | 2.23% | +2.23 |
| DFAI Dimensional International Co. | Add +15.2% | 8.32% | +1.68 |
| PPI Astoria Real Assets ETF | New | 0.72% | +0.72 |
| KMT Kennametal Inc. | New | 0.36% | +0.36 |
| NIC Nicolet Bankshares Inc. | New | 0.24% | +0.24 |
| SO The Southern Co. | Add +16.5% | 0.60% | +0.16 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +13.3% | 1.08% | +0.14 |
| INVH Invitation Homes Inc. | New | 0.11% | +0.11 |
| CHWY Chewy Inc. Class A | Add +344.2% | 0.14% | +0.10 |
| ZBH Zimmer Biomet Holdings Inc. | Add +164.3% | 0.16% | +0.10 |
| NVT Nvent Electric PLC | Add +6.8% | 0.40% | +0.10 |
| PB Prosperity Bancshares Inc. | New | 0.10% | +0.10 |
| ATO Atmos Energy Corp. | Add +2.6% | 0.40% | +0.07 |
| CCI Crown Castle Inc. | Add +189.4% | 0.10% | +0.07 |
| VEA Vanguard Ftse Developed ETF | Add +11.2% | 0.38% | +0.07 |
| RYAN Ryan Specialty Holdings Inc. | New | 0.06% | +0.06 |
| NFLX Netflix Inc. | Add +79.5% | 0.13% | +0.06 |
| CI The Cigna Group | Add +87.8% | 0.12% | +0.06 |
| NKE Nike Inc. Class B | New | 0.05% | +0.05 |
| CLF Cleveland-Cliffs Inc. | New | 0.05% | +0.05 |
| GPC Genuine Parts Co. | New | 0.05% | +0.05 |
| CON Concentra Group Holdings Par | New | 0.05% | +0.05 |
| CPT Camden Property Trust | New | 0.05% | +0.05 |
| ATR Aptargroup Inc. | New | 0.05% | +0.05 |
| AMTM Amentum Holdings Inc. | New | 0.05% | +0.05 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +39.2% | 0.14% | +0.05 |
| DVN Devon Energy Corp. | New | 0.05% | +0.05 |
| SBCF Seacoast Banking Corp. | New | 0.05% | +0.05 |
| MPC Marathon Petroleum Corp. | New | 0.04% | +0.04 |
| MU Micron Technology Inc. | New | 0.04% | +0.04 |
| CUZ Cousins Properties Inc. | New | 0.04% | +0.04 |
| DIOD Diodes Inc. | Add +13.1% | 0.09% | +0.04 |
| PBR Petroleo Brasileiro-Spon ADR | New | 0.04% | +0.04 |
| CRM Salesforce Inc. | Add +64.4% | 0.18% | +0.03 |
| EQT Eqt Corp. | New | 0.03% | +0.03 |
| LRCX Lam Research Corp. | New | 0.03% | +0.03 |
| J Jacobs Solutions Inc. | Add +88.2% | 0.06% | +0.03 |
| WAB Wabtec Corp. | Add +0.7% | 0.14% | +0.03 |
| SSB Southstate Bank Corp. | Add +18.8% | 0.14% | +0.03 |
| VOO Vanguard S&P 500 ETF | Add +4.0% | 0.54% | +0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +60.5% | 0.07% | +0.03 |
| SUI Sun Communities Inc. | Add +2.5% | 0.27% | +0.03 |
| PM Philip Morris International | Add +20.6% | 0.10% | +0.02 |
| POWI Power Integrations Inc. | Add +0.7% | 0.07% | +0.02 |
| IJR iShares Core S&P Small-Cap E | Add +13.3% | 0.11% | +0.02 |
| AMAT Applied Materials Inc. | Add +4.1% | 0.06% | +0.02 |
| AMT American Tower Corp. | Add +0.4% | 0.34% | +0.02 |
| AAON Aaon Inc. | Add +11.4% | 0.06% | +0.01 |
| AMN Amn Healthcare Services Inc. | Add +25.4% | 0.04% | +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 |