First National Corp. /Ma/

Q3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 29, 2025), First National Corp. /Ma/ reported 153 stock positions worth $441.7 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 6.6% of the portfolio, followed by Schwab US Broad Market ETF (SCHB, 5.3%) and SPDR Gold Shares (GLD, 5.0%). Compared with Q3 2024, it opened 13 new positions, sold out of 5, added to 63 and reduced 58. The biggest buy was Proshares Ultrashort 20+Y TR (TBT, shares +244%) and the biggest sale Invesco KBW Property & Casua (KBWP, shares −62%).

Most Recent 13F: Q3 2025
Location: ROCKLAND, MA
CIK: 0000816192
Portfolio Value: $441.7M (Q4 2024)
SEC Filing: 0001951757-25-000142 ↗ filed Jan 29, 2025

Holdings Value

Holdings 153 stocks · $441.7M


SPY SS SPDR S&P 500 ETF Trust-US	6.57%	49,504	$29.0M	Add +0.7%
SCHB Schwab US Broad Market ETF	5.25%	1,022,269	$23.2M	Add +4.0%
GLD SPDR Gold Shares	4.97%	90,664	$22.0M	Reduce -2.2%
SH Proshares Short S&P500	4.73%	493,255	$20.9M	Add +26.2%
AAPL Apple Inc.	3.81%	67,234	$16.8M	Reduce -0.1%
SCHX Schwab US Large-Cap ETF	3.77%	718,872	$16.7M	Add +3.4%
SCHD Schwab US DVD Equity ETF	3.58%	578,558	$15.8M	Add +1.1%
USFR Wisdomtree Floating Rate Tre	3.51%	308,157	$15.5M	Reduce -6.5%
SCHM Schwab US Mid Cap ETF	3.20%	509,400	$14.1M	Add +6.1%
SCHA Schwab US Small-Cap ETF	3.07%	524,178	$13.6M	Add +4.4%
VO Vngrd Mrngstr MD-Cap ETF-Usd	2.79%	46,698	$12.3M	Add +1.5%
VB Vanguard Most SM-Cap ETF-Usd	2.58%	47,374	$11.4M	Add +1.8%
QLD Proshares Ultra QQQ	2.25%	91,788	$9.9M	Add +5.5%
QQQ Invesco QQQ Trust Series 1	1.94%	16,763	$8.6M	Reduce -1.0%
SDY SS SPDR S&P Dividend ETF	1.89%	63,294	$8.4M	Add +2.3%
TLT iShares 20+ Year Treasury BD	1.89%	95,635	$8.4M	Reduce -19.8%
TBT Proshares Ultrashort 20+Y TR	1.89%	227,798	$8.3M	Add +244.2%
DFAI Dimensional International Co.	1.87%	282,395	$8.2M	Add +0.0%
LDUR PIMCO Enhanced Low Duration	1.73%	80,299	$7.6M	Add +39.3%
BOND PIMCO Active Bond Exchange-T	1.67%	81,415	$7.4M	Add +58.1%
SCHF Schwab Intl Equity ETF	1.46%	348,762	$6.5M	Add +4.6%
DGRO iShares Core Dividend Growth	1.43%	102,984	$6.3M	Add +1.1%
VNQ Vanguard Real Estate ETF	1.39%	68,962	$6.1M	Add +4.2%
SOXX iShares Semiconductor ETF	1.12%	23,052	$5.0M	Reduce -34.4%
GSIE Goldman Sachs Activebeta Int	1.02%	135,715	$4.5M	Add +6.8%
KBWP Invesco KBW Property & Casua	0.98%	37,220	$4.3M	Reduce -62.0%
ITA iShares U.S. Aerospace & Def	0.92%	27,987	$4.1M	Reduce -57.6%
VEA Vanguard Ftse Developed ETF	0.92%	84,890	$4.1M	Add +5.7%
VOO Vanguard S&P 500 ETF	0.81%	6,620	$3.6M	Add +23.3%
AMZN Amazon.com Inc.	0.79%	15,946	$3.5M	Add +9.5%
LLY Eli Lilly & Co.	0.77%	4,423	$3.4M	Add +1.7%
MSFT Microsoft Corp.	0.76%	7,960	$3.4M	Add +2.7%
IVV iShares Core S&P 500 ETF	0.76%	5,682	$3.3M	Add +6.9%
GOOGL Alphabet Inc. Class A	0.74%	17,343	$3.3M	Add +2.1%
COST Costco Wholesale Corp.	0.74%	3,560	$3.3M	Reduce -0.4%
SSO Proshares Ultra S&P500	0.67%	32,132	$3.0M	Reduce -0.5%
VPU Vanguard Utilities ETF	0.63%	17,128	$2.8M	Reduce -40.4%
XCEM Columbia Em Core Ex-China	0.59%	88,200	$2.6M	Add +5.6%
PFF iShares Preferred & Income S	0.56%	78,496	$2.5M	Add +5.4%
CWB SS SPDR BB Conv Sec ETF	0.52%	29,575	$2.3M	Add +0.7%
FLRN SS SPDR BB Ig Float RT ETF	0.50%	71,580	$2.2M	Add +0.1%
BNDX Vanguard Total Intl Bond ETF	0.50%	44,769	$2.2M	Reduce -0.4%
FNDX Schwab Fndmntl US LRG Co. ETF	0.49%	92,112	$2.2M	Add +0.3%
TFI SS SPDR N Ice Muni Bond ETF	0.45%	43,877	$2.0M	Add +0.1%
FNDB Schwab Fndmntl US BRD Mr ETF	0.45%	85,090	$2.0M	Add +5.3%
EFA iShares MSCI Eafe ETF	0.45%	26,029	$2.0M	No change
ICF iShares Select U.S. REIT ETF	0.44%	31,910	$1.9M	Add +4.5%
NVDA Nvidia Corp.	0.42%	13,746	$1.8M	Add +6.9%
IJH iShares Core S&P Midcap ETF	0.42%	29,605	$1.8M	Add +6.9%
GOOG Alphabet Inc. Class C	0.42%	9,675	$1.8M	Add +0.4%
IJR iShares Core S&P Small-Cap E	0.40%	15,188	$1.7M	Add +4.6%
SCHP Schwab U.S. Tips ETF	0.39%	67,153	$1.7M	Reduce -0.4%
LEG Leggett & Platt Inc.	0.39%	178,005	$1.7M	Reduce -0.8%
VTV Vanguard Mrngstr Val ETF-Aui	0.35%	9,222	$1.6M	Add +1.9%
FREL Fidelity MSCI RL Est Indx	0.34%	55,530	$1.5M	Add +4.9%
JNJ Johnson & Johnson	0.32%	9,759	$1.4M	Reduce -4.1%
HDV iShares Core High Dividend E	0.31%	12,355	$1.4M	Add +8.8%
CORP PIMCO Inv Grade Corp. BD ETF	0.30%	13,961	$1.3M	Add +0.5%
ABT Abbott Laboratories	0.29%	11,147	$1.3M	Add +0.0%
ABBV Abbvie Inc.	0.28%	6,952	$1.2M	Add +0.2%
V Visa Inc. Class A	0.28%	3,868	$1.2M	Add +0.7%
FNDE Schwab Fndmntl Em MRK Eq ETF	0.27%	40,660	$1.2M	Add +0.9%
DUK Duke Energy Corp.	0.27%	10,905	$1.2M	Reduce -0.6%
IEFA iShares Core MSCI Eafe ETF	0.26%	16,621	$1.2M	Add +9.2%
SPGI S&P Global Inc.	0.26%	2,324	$1.2M	Reduce -0.8%
VTI VG Morningstar TS MKT ETF-US	0.26%	3,981	$1.2M	Reduce -0.1%
AWK American Water Works Co. Inc.	0.26%	9,056	$1.1M	Add +7.0%
META Meta Platforms Inc. Class A	0.25%	1,853	$1.1M	Add +0.4%
SPYX SS SPDR S&P 500 Foss FL ETF	0.24%	21,826	$1.1M	Reduce -1.5%
WTRG Essential Utilities Inc.	0.24%	28,891	$1.0M	Add +81.5%
MRK Merck & Co. Inc.	0.23%	10,214	$1.0M	Reduce -5.6%
JPM JPMorgan Chase & Co.	0.23%	4,204	$1.0M	Add +0.3%
CWT California Water Service Grp	0.23%	22,197	$1.0M	New
CSW CSW Industrials Inc.	0.23%	2,847	$1.0M	No change
AWR American States Water Co. filed as AMER STATES WTR CO	0.22%	12,765	$992K	New
ESGV Vanguard ESG US Stock ETF	0.22%	9,415	$988K	Reduce -0.8%
VWO Vanguard Ftse Emerging Marke	0.22%	22,100	$973K	Add +12.0%
IWV iShares Russell 3000 ETF	0.22%	2,902	$970K	No change
XOM Exxon Mobil Corp.	0.21%	8,766	$943K	Reduce -8.0%
PG The Procter & Gamble Co.	0.21%	5,615	$941K	Reduce -0.6%
HTO H2O America filed as SJW GROUP	0.21%	18,919	$931K	New
HD Home Depot Inc.	0.20%	2,253	$876K	Reduce -2.2%
AGG iShares Core U.S. Aggregate	0.17%	7,789	$755K	Reduce -49.3%
SPTL SS SPDR PF LNG TRM TSY E-Usd	0.17%	28,010	$734K	Reduce -32.2%
SO The Southern Co.	0.16%	8,838	$728K	Reduce -0.6%
VUG Vanguard Mrngstar GR ETF-Sui	0.16%	1,722	$707K	Add +106.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.16%	3,187	$701K	Reduce -3.3%
KEX Kirby Corp.	0.15%	6,242	$660K	No change
IVW iShares S&P 500 Growth ETF	0.14%	6,234	$633K	No change
AMGN Amgen Inc.	0.13%	2,198	$573K	Reduce -4.2%
GD General Dynamics Corp.	0.13%	2,096	$552K	Reduce -0.3%
XLE SS Energy Select Sector	0.12%	6,374	$546K	Reduce -6.1%
TIP iShares Tips Bond ETF	0.12%	5,084	$542K	Reduce -32.3%
EFAX State Street SPDR MSCI Eafe	0.12%	13,155	$524K	Add +5.3%
USSG Xtrackers MSCI USA Sele Eqty	0.12%	9,602	$518K	No change
KO The Coca-Cola Co.	0.12%	8,191	$510K	Add +0.4%
PAYX Paychex Inc.	0.11%	3,621	$508K	Reduce -5.5%
SPIP SS SPDR P Tips ETF	0.11%	19,735	$499K	No change
GME Gamestop Corp. Class A	0.11%	15,678	$491K	New
TXN Texas Instruments Inc.	0.11%	2,613	$490K	Reduce -0.2%
CAT Caterpillar Inc.	0.11%	1,312	$476K	Reduce -0.5%
NEE Nextera Energy Inc.	0.11%	6,614	$474K	Reduce -5.3%
VLO Valero Energy Corp.	0.11%	3,791	$465K	Reduce -1.0%
VT Vanguard Tot World STK ETF	0.10%	3,923	$461K	No change
TRV The Travelers Cos Inc.	0.10%	1,894	$456K	Add +0.3%
CVX Chevron Corp.	0.10%	3,105	$450K	Reduce -4.8%
AXP American Express Co.	0.10%	1,456	$432K	Reduce -1.0%
DFIV Dimensional International Va	0.10%	12,042	$427K	No change
VTEB Vanguard Tax-Exempt Bond ETF	0.10%	8,479	$425K	Add +0.6%
IBDR iShares Ibonds Dec 2026 Term	0.10%	17,562	$423K	No change
CSCO Cisco Systems Inc.	0.09%	7,063	$418K	Reduce -2.5%
VEU Vanguard Ftse All-World Ex-U	0.09%	7,267	$417K	Reduce -1.6%
GNMA iShares Gnma Bond ETF	0.09%	9,651	$414K	No change
AFL Aflac Inc.	0.09%	4,000	$414K	No change
CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT	0.09%	16,745	$413K	Reduce -4.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.09%	3,653	$407K	No change
QCOM Qualcomm Inc.	0.09%	2,549	$392K	Reduce -6.9%
LMT Lockheed Martin Corp.	0.09%	786	$382K	Add +0.1%
CL Colgate-Palmolive Co.	0.09%	4,149	$377K	No change
KMB Kimberly-Clark Corp.	0.08%	2,782	$365K	Add +0.0%
FLOT iShares Floating Rate Bond E	0.08%	7,080	$360K	Reduce -0.5%
VIG Vanguard Dividend Apprec ETF	0.08%	1,838	$360K	No change
ORCL Oracle Corp.	0.08%	2,124	$354K	No change
VZ Verizon Communications Inc.	0.08%	8,775	$351K	Add +2.5%
AVGO Broadcom Inc.	0.07%	1,420	$329K	New
UNP Union Pacific Corp.	0.07%	1,432	$327K	Reduce -1.5%
TSLA Tesla Inc.	0.07%	806	$325K	Reduce -59.2%
NUSC Nuveen ESG Small-Cap ETF	0.07%	7,388	$309K	Reduce -2.0%
MCD McDonald's Corp.	0.07%	1,044	$303K	Reduce -1.3%
CAC Camden National Corp.	0.07%	7,039	$301K	No change
HON Honeywell International Inc.	0.07%	1,326	$299K	Reduce -1.0%
FNDC Schwab Fndmnt Intl SM Eq ETF	0.07%	8,737	$298K	New
WMT Walmart Inc.	0.07%	3,295	$298K	Reduce -3.7%
EMR Emerson Electric Co.	0.06%	2,239	$277K	Reduce -0.2%
SPYG SS SPDR P S&P 500 Growth ETF	0.06%	3,114	$274K	Reduce -4.2%
IFLN Invesco Bloomberg Enhanced F	0.06%	14,945	$270K	Reduce -1.4%
DE Deere & Co.	0.06%	632	$268K	Add +0.3%
RTX RTX Corp.	0.06%	2,316	$268K	Add +1.0%
PGR Progressive Corp.	0.06%	1,067	$256K	Reduce -8.3%
XJH Ishare ESG SS S&P Midcap ETF	0.06%	6,008	$251K	Reduce -1.8%
TT Trane Technologies PLC	0.06%	672	$248K	No change
BGRN iShares Usd Green Bond ETF	0.06%	5,319	$248K	Add +3.4%
HUBS HubSpot Inc.	0.05%	345	$240K	New
WM Waste Management Inc.	0.05%	1,179	$238K	Reduce -7.1%
SHOP Shopify Inc. Class A	0.05%	2,230	$237K	New
XLF SS Financial Select Sector	0.05%	4,834	$234K	Reduce -6.1%
VGT Vanguard Info Tech ETF	0.05%	374	$233K	New
FWONK Liberty Media Corp. Class C	0.05%	2,500	$232K	New
BLK BlackRock Inc.	0.05%	216	$221K	Reduce -8.5%
PFE Pfizer Inc.	0.05%	8,181	$217K	No change
MS Morgan Stanley	0.05%	1,648	$207K	New
BA The Boeing Co.	0.05%	1,150	$204K	New
LCID Lucid Group Inc.	0.01%	10,435	$32K	New

Portfolio Sells Q3 2024 → Q4 2024


KBWP Invesco KBW Property & Casua	Reduce -62.0%	0.98%	−1.54
BRK.B Berkshire Hathaway Inc. Class B	Sold out	0.00%	−1.50
ITA iShares U.S. Aerospace & Def	Reduce -57.6%	0.92%	−1.28
TLT iShares 20+ Year Treasury BD	Reduce -19.8%	1.89%	−0.71
SOXX iShares Semiconductor ETF	Reduce -34.4%	1.12%	−0.68
VPU Vanguard Utilities ETF	Reduce -40.4%	0.63%	−0.48
IBB iShares Biotechnology ETF	Sold out	0.00%	−0.19
AGG iShares Core U.S. Aggregate	Reduce -49.3%	0.17%	−0.18
USFR Wisdomtree Floating Rate Tre	Reduce -6.5%	3.51%	−0.17
LEG Leggett & Platt Inc.	Reduce -0.8%	0.39%	−0.16
IHF iShares U.S. Healthcare Prov	Sold out	0.00%	−0.13
SPTL SS SPDR PF LNG TRM TSY E-Usd	Reduce -32.2%	0.17%	−0.10
TIP iShares Tips Bond ETF	Reduce -32.3%	0.12%	−0.06
IGOV iShares International Treasu	Sold out	0.00%	−0.05
JNJ Johnson & Johnson	Reduce -4.1%	0.32%	−0.05
GIS General Mills Inc.	Sold out	0.00%	−0.05
MRK Merck & Co. Inc.	Reduce -5.6%	0.23%	−0.04
GLD SPDR Gold Shares	Reduce -2.2%	4.97%	−0.04
TSLA Tesla Inc.	Reduce -59.2%	0.07%	−0.04
XOM Exxon Mobil Corp.	Reduce -8.0%	0.21%	−0.03
AMGN Amgen Inc.	Reduce -4.2%	0.13%	−0.03
NEE Nextera Energy Inc.	Reduce -5.3%	0.11%	−0.02
GD General Dynamics Corp.	Reduce -0.3%	0.13%	−0.02
DUK Duke Energy Corp.	Reduce -0.6%	0.27%	−0.02
QCOM Qualcomm Inc.	Reduce -6.9%	0.09%	−0.01
SO The Southern Co.	Reduce -0.6%	0.16%	−0.01
CGXU Cap Group Intl Focus	Reduce -4.0%	0.09%	−0.01
VLO Valero Energy Corp.	Reduce -1.0%	0.11%	−0.01
SCHP Schwab U.S. Tips ETF	Reduce -0.4%	0.39%	−0.01
TXN Texas Instruments Inc.	Reduce -0.2%	0.11%	−0.01
HD Home Depot Inc.	Reduce -2.2%	0.20%	−0.01
VEU Vanguard Ftse All-World Ex-U	Reduce -1.6%	0.09%	−0.01
XLE SS Energy Select Sector	Reduce -6.1%	0.12%	−0.01
PGR Progressive Corp.	Reduce -8.3%	0.06%	−0.01
SPGI S&P Global Inc.	Reduce -0.8%	0.26%	−0.01
CAT Caterpillar Inc.	Reduce -0.5%	0.11%	−0.01
UNP Union Pacific Corp.	Reduce -1.5%	0.07%	−0.01
BNDX Vanguard Total Intl Bond ETF	Reduce -0.4%	0.50%	−0.01
CVX Chevron Corp.	Reduce -4.8%	0.10%	−0.01
WM Waste Management Inc.	Reduce -7.1%	0.05%	−0.00
PG The Procter & Gamble Co.	Reduce -0.6%	0.21%	−0.00
IBM Intl Business Machines Corp.	Reduce -3.3%	0.16%	−0.00
MCD McDonald's Corp.	Reduce -1.3%	0.07%	−0.00
NUSC Nuveen ESG Small-Cap ETF	Reduce -2.0%	0.07%	−0.00
IFLN Invesco Bloomberg Enhanced F	Reduce -1.4%	0.06%	−0.00
XJH Ishare ESG SS S&P Midcap ETF	Reduce -1.8%	0.06%	−0.00
BLK BlackRock Inc.	Reduce -8.5%	0.05%	+0.00
PAYX Paychex Inc.	Reduce -5.5%	0.11%	+0.00
FLOT iShares Floating Rate Bond E	Reduce -0.5%	0.08%	+0.00
XLF SS Financial Select Sector	Reduce -6.1%	0.05%	+0.00

Portfolio Buys Q3 2024 → Q4 2024


TBT Proshares Ultrashort 20+Y TR	Add +244.2%	1.89%	+1.45
SH Proshares Short S&P500	Add +26.2%	4.73%	+0.96
BOND PIMCO Active Bond Exchange-T	Add +58.1%	1.67%	+0.58
LDUR PIMCO Enhanced Low Duration	Add +39.3%	1.73%	+0.50
SCHB Schwab US Broad Market ETF	Add +4.0%	5.25%	+0.40
QLD Proshares Ultra QQQ	Add +5.5%	2.25%	+0.30
SPY SS SPDR S&P 500 ETF Trust-US	Add +0.7%	6.57%	+0.30
SCHX Schwab US Large-Cap ETF	Add +3.4%	3.77%	+0.27
SCHM Schwab US Mid Cap ETF	Add +6.1%	3.20%	+0.24
CWT California Water Service Grp	New	0.23%	+0.23
AWR American States Water Co.	New	0.22%	+0.22
HTO H2O America	New	0.21%	+0.21
SCHA Schwab US Small-Cap ETF	Add +4.4%	3.07%	+0.19
AMZN Amazon.com Inc.	Add +9.5%	0.79%	+0.19
VOO Vanguard S&P 500 ETF	Add +23.3%	0.81%	+0.18
VB Vanguard Most SM-Cap ETF-Usd	Add +1.8%	2.58%	+0.12
GOOGL Alphabet Inc. Class A	Add +2.1%	0.74%	+0.12
GME Gamestop Corp. Class A	New	0.11%	+0.11
WTRG Essential Utilities Inc.	Add +81.5%	0.24%	+0.10
VO Vngrd Mrngstr MD-Cap ETF-Usd	Add +1.5%	2.79%	+0.09
VUG Vanguard Mrngstar GR ETF-Sui	Add +106.7%	0.16%	+0.09
IVV iShares Core S&P 500 ETF	Add +6.9%	0.76%	+0.08
AVGO Broadcom Inc.	New	0.07%	+0.07
NVDA Nvidia Corp.	Add +6.9%	0.42%	+0.07
FNDC Schwab Fndmnt Intl SM Eq ETF	New	0.07%	+0.07
GOOG Alphabet Inc. Class C	Add +0.4%	0.42%	+0.06
HUBS HubSpot Inc.	New	0.05%	+0.05
SHOP Shopify Inc. Class A	New	0.05%	+0.05
VGT Vanguard Info Tech ETF	New	0.05%	+0.05
FWONK Liberty Media Corp. Class C	New	0.05%	+0.05
MS Morgan Stanley	New	0.05%	+0.05
BA The Boeing Co.	New	0.05%	+0.05
V Visa Inc. Class A	Add +0.7%	0.28%	+0.04
IJH iShares Core S&P Midcap ETF	Add +6.9%	0.42%	+0.03
JPM JPMorgan Chase & Co.	Add +0.3%	0.23%	+0.03
FNDB Schwab Fndmntl US BRD Mr ETF	Add +5.3%	0.45%	+0.03
CWB SS SPDR BB Conv Sec ETF	Add +0.7%	0.52%	+0.02
IJR iShares Core S&P Small-Cap E	Add +4.6%	0.40%	+0.02
MSFT Microsoft Corp.	Add +2.7%	0.76%	+0.02
HDV iShares Core High Dividend E	Add +8.8%	0.31%	+0.02
META Meta Platforms Inc. Class A	Add +0.4%	0.25%	+0.01
VWO Vanguard Ftse Emerging Marke	Add +12.0%	0.22%	+0.01
DGRO iShares Core Dividend Growth	Add +1.1%	1.43%	+0.01
PFF iShares Preferred & Income S	Add +5.4%	0.56%	+0.01
FLRN SS SPDR BB Ig Float RT ETF	Add +0.1%	0.50%	+0.01
LCID Lucid Group Inc.	New	0.01%	+0.01
FNDX Schwab Fndmntl US LRG Co. ETF	Add +0.3%	0.49%	+0.01
TRV The Travelers Cos Inc.	Add +0.3%	0.10%	+0.00
ABT Abbott Laboratories	Add +0.0%	0.29%	+0.00
DE Deere & Co.	Add +0.3%	0.06%	+0.00

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q3 2025	174	$527.5M	SPY, USFR, SCHB, GLD, SCHX
Q2 2025	163	$496.0M	SPY, USFR, SCHB, GLD, SCHX
Q1 2025	160	$452.9M	SPY, GLD, SCHB, SH, SCHD
Q4 2024	153	$441.7M	SPY, SCHB, GLD, SH, AAPL
Q3 2024	145	$449.6M	SPY, GLD, SCHB, PROSHARES SHORT S&P500, USFR
Q2 2024	155	$419.9M	SPY, SCHB, USFR, SCHX, AAPL
Q1 2024	154	$406.8M	SCHB, SPY, USFR, AAPL, SCHD