First National Trust Co
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 6, 2025), First National Trust Co reported 402 stock positions worth $2.9 billion. Its top holding was Apple (AAPL) at 4.9% of the portfolio, followed by SS SPDR P S&P 500 Growth ETF (SPYG, 4.2%) and Microsoft (MSFT, 3.9%). Compared with Q2 2025, it opened 25 new positions, sold out of 12, added to 120 and reduced 182. The biggest buy was a new position in Avantis International Equity (AVDE) and the biggest sale SS SPDR P S&P 500 Value ETF (SPYV, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- Johnstown, PA
- CIK
- 0001277303
- Portfolio Value
- $2.9B (Q3 2025)
- SEC Filing
- 0001193125-25-268273 ↗ filed Nov 6, 2025
Holdings Value
Holdings 402 stocks · $2.9B
| AAPL Apple Inc. | 4.90% | 561,649 | $143.0M | Reduce -1.8% |
| SPYG SS SPDR P S&P 500 Growth ETF | 4.21% | 1,174,652 | $122.8M | Reduce -2.3% |
| MSFT Microsoft Corp. | 3.90% | 219,726 | $113.8M | Add +0.8% |
| SPYV SS SPDR P S&P 500 Value ETF | 3.70% | 1,948,749 | $107.8M | Reduce -7.4% |
| NVDA Nvidia Corp. | 3.55% | 554,362 | $103.4M | Add +1.8% |
| IEFA iShares Core MSCI Eafe ETF | 3.15% | 1,052,978 | $91.9M | Add +1.5% |
| GLD SPDR Gold Shares | 2.86% | 234,571 | $83.4M | Reduce -18.3% |
| GOOGL Alphabet Inc. Class A | 2.24% | 268,610 | $65.3M | Add +1.4% |
| AVGO Broadcom Inc. | 2.21% | 195,170 | $64.4M | Reduce -4.6% |
| AVDE Avantis International Equity | 1.94% | 715,579 | $56.5M | New |
| JPM JPMorgan Chase & Co. | 1.91% | 177,085 | $55.9M | Reduce -3.6% |
| IJR iShares Core S&P Small-Cap E | 1.89% | 463,062 | $55.0M | Reduce -0.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.85% | 80,823 | $53.8M | Reduce -3.9% |
| AMZN Amazon.com Inc. | 1.81% | 240,612 | $52.8M | Add +2.4% |
| META Meta Platforms Inc. Class A | 1.31% | 52,006 | $38.2M | Add +2.0% |
| JMTG Mortgage-Backed Securities filed as J P MORGAN EXCHANGE TRADED F | 1.25% | 714,120 | $36.4M | New |
| TSPA T Rowe Price US Eqy Research | 1.16% | 807,847 | $33.9M | Reduce -2.6% |
| MDYG SS SPDR S&P 400 MC GR ETF | 1.16% | 369,768 | $33.9M | Add +6.5% |
| WMT Walmart Inc. | 1.05% | 297,222 | $30.6M | Reduce -0.1% |
| MDYV SS SPDR S&P 400 MC Val ETF | 1.02% | 357,494 | $29.8M | Reduce -0.4% |
| SCHR Schwab Intermediate-Term US | 0.98% | 1,143,367 | $28.7M | Add +4.0% |
| ABBV Abbvie Inc. | 0.98% | 123,706 | $28.6M | Reduce -1.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.97% | 56,484 | $28.4M | Reduce -4.0% |
| JNJ Johnson & Johnson | 0.86% | 135,898 | $25.2M | Reduce -2.7% |
| V Visa Inc. Class A | 0.86% | 73,221 | $25.0M | Reduce -3.1% |
| LLY Eli Lilly & Co. | 0.86% | 32,735 | $25.0M | Add +0.5% |
| DFAS Dimensional US Small Cap ETF | 0.84% | 356,886 | $24.4M | Reduce -2.0% |
| VOO Vanguard S&P 500 ETF | 0.79% | 37,687 | $23.1M | Add +0.6% |
| XOM Exxon Mobil Corp. | 0.76% | 195,820 | $22.1M | Reduce -3.2% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.75% | 384,664 | $22.0M | Add +5.7% |
| CAT Caterpillar Inc. | 0.72% | 43,736 | $20.9M | Reduce -3.7% |
| HD Home Depot Inc. | 0.71% | 51,339 | $20.8M | Reduce -8.1% |
| MCD McDonald's Corp. | 0.71% | 68,015 | $20.7M | Reduce -5.2% |
| VYM Vanguard High DVD Yield ETF | 0.71% | 146,343 | $20.6M | Reduce -5.2% |
| CVX Chevron Corp. | 0.70% | 130,835 | $20.3M | Reduce -1.0% |
| CSCO Cisco Systems Inc. | 0.68% | 290,386 | $19.9M | Reduce -3.2% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.66% | 239,688 | $19.2M | Add +3.2% |
| SLYV SS SPDR S&P 600 SC Val ETF | 0.62% | 205,379 | $18.2M | Add +3.7% |
| SLYG SS SPDR S&P 600 SC GR ETF | 0.62% | 192,381 | $18.1M | Add +6.8% |
| IJH iShares Core S&P Midcap ETF | 0.62% | 276,765 | $18.1M | Add +0.1% |
| VCIT Vanguard Int-Term Corporate | 0.60% | 208,865 | $17.6M | Add +1.2% |
| ORCL Oracle Corp. | 0.58% | 60,155 | $16.9M | Reduce -1.0% |
| MRK Merck & Co. Inc. | 0.58% | 201,442 | $16.9M | Add +2.6% |
| TSLA Tesla Inc. | 0.58% | 37,745 | $16.8M | Add +2.3% |
| HON Honeywell International Inc. | 0.57% | 79,086 | $16.6M | Add +9.4% |
| STIP iShares 0-5 Year Tips Bond E | 0.55% | 154,119 | $15.9M | Add +6.0% |
| NEE Nextera Energy Inc. | 0.54% | 210,574 | $15.9M | Reduce -7.8% |
| LIN Linde PLC | 0.54% | 33,452 | $15.9M | Reduce -4.3% |
| IVV iShares Core S&P 500 ETF | 0.53% | 23,205 | $15.5M | Reduce -2.6% |
| PG The Procter & Gamble Co. | 0.50% | 94,942 | $14.6M | Reduce -4.5% |
| IWV iShares Russell 3000 ETF | 0.50% | 38,430 | $14.6M | Add +4.2% |
| ADP Automatic Data Processing | 0.47% | 47,160 | $13.8M | Reduce -3.7% |
| COST Costco Wholesale Corp. | 0.47% | 14,916 | $13.8M | Reduce -6.9% |
| VMBS Vanguard Mortgage-Backed Sec | 0.47% | 290,258 | $13.6M | Reduce -1.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.46% | 47,342 | $13.4M | Reduce -10.0% |
| AMGN Amgen Inc. | 0.43% | 43,957 | $12.4M | Reduce -16.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.42% | 84,174 | $12.2M | Add +0.6% |
| PM Philip Morris International | 0.41% | 73,644 | $11.9M | Add +10.4% |
| UNH Unitedhealth Group Inc. | 0.41% | 34,234 | $11.8M | Reduce -10.7% |
| MO Altria Group Inc. | 0.40% | 177,095 | $11.7M | Add +1.1% |
| BLK BlackRock Inc. | 0.40% | 10,029 | $11.7M | Reduce -5.8% |
| BSX Boston Scientific Corp. | 0.38% | 114,806 | $11.2M | Add +2.2% |
| VZ Verizon Communications Inc. | 0.37% | 247,208 | $10.9M | Add +4.2% |
| PANW Palo Alto Networks Inc. | 0.36% | 52,182 | $10.6M | Reduce -1.0% |
| FNB FNB Corp. | 0.36% | 659,446 | $10.6M | Reduce -2.8% |
| IWM iShares Russell 2000 ETF | 0.34% | 40,913 | $9.9M | Add +0.6% |
| SCHO Schwab Short-Term US Treas | 0.34% | 404,893 | $9.9M | Add +2.6% |
| IWR iShares Russell Mid-Cap ETF | 0.33% | 100,411 | $9.7M | Reduce -23.4% |
| QCOM Qualcomm Inc. | 0.33% | 57,687 | $9.6M | Add +9.4% |
| AEP American Electric Power | 0.32% | 83,850 | $9.4M | Reduce -5.0% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.32% | 367,764 | $9.4M | Add +24.4% |
| UNP Union Pacific Corp. | 0.32% | 39,433 | $9.3M | Add +3.4% |
| BKNG Booking Holdings Inc. | 0.31% | 1,683 | $9.1M | Reduce -4.1% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.31% | 366,642 | $8.9M | Add +26.3% |
| LHX L3HARRIS Technologies Inc. | 0.30% | 28,521 | $8.7M | Add +0.2% |
| IBDU iShares Ibonds Dec 2029 Term | 0.30% | 367,011 | $8.6M | Add +20.6% |
| SCHW Schwab (charles) Corp. | 0.29% | 89,224 | $8.5M | Add +82.2% |
| GD General Dynamics Corp. | 0.28% | 23,920 | $8.2M | Add +0.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.28% | 158,027 | $8.2M | Reduce -10.8% |
| EFA iShares MSCI Eafe ETF | 0.27% | 84,414 | $7.9M | Add +0.7% |
| IBDR iShares Ibonds Dec 2026 Term | 0.27% | 322,234 | $7.8M | Add +3.9% |
| KO The Coca-Cola Co. | 0.27% | 117,697 | $7.8M | Add +176.3% |
| MS Morgan Stanley | 0.27% | 48,705 | $7.7M | Add +0.9% |
| ORLY O'reilly Automotive Inc. | 0.26% | 70,609 | $7.6M | Reduce -8.1% |
| USB US Bancorp | 0.26% | 154,973 | $7.5M | Add +2917.4% |
| IBDQ iShares Ibonds Dec 2025 Term | 0.25% | 290,014 | $7.3M | Reduce -21.1% |
| TMUS T-Mobile US Inc. | 0.25% | 30,484 | $7.3M | Reduce -13.4% |
| IWP iShares Russell Mid-Cap Grow | 0.25% | 51,032 | $7.3M | Add +116.6% |
| IBDV iShares Ibonds Dec 2030 Corp. | 0.24% | 319,802 | $7.1M | Add +56.8% |
| WM Waste Management Inc. | 0.24% | 32,007 | $7.1M | Reduce -8.1% |
| PEP Pepsico Inc. | 0.24% | 50,189 | $7.0M | Reduce -8.3% |
| WCMI FT WCM International ETF | 0.24% | 413,879 | $7.0M | Add +55.7% |
| VGLT Vanguard Long-Term Treasury | 0.24% | 122,189 | $6.9M | Reduce -1.5% |
| HWM Howmet Aerospace Inc. | 0.24% | 34,983 | $6.9M | Add +6.3% |
| SYK Stryker Corp. | 0.23% | 18,013 | $6.7M | Reduce -1.8% |
| SPGI S&P Global Inc. | 0.22% | 13,377 | $6.5M | Reduce -4.9% |
| MPC Marathon Petroleum Corp. | 0.22% | 33,267 | $6.4M | No change |
| AMD Advanced Micro Devices | 0.22% | 39,626 | $6.4M | Add +1.1% |
| GVI iShares Intermediate Governm | 0.22% | 59,578 | $6.4M | Reduce -1.7% |
| ISRG Intuitive Surgical Inc. | 0.22% | 14,093 | $6.3M | Reduce -4.8% |
Other holdings (4): bonds, preferreds, convertibles and warrants · $2.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| PROSPECT CAPITAL CORP (PSEC 5.5 PERP A,1) | 5.50% CNV A1 PFD | 40,000 | $1.0M | New |
| PROSPECT CAPITAL CORP (PSEC 6.5 PERP A3..) | 6.50% CNV A3 PFD | 30,000 | $750K | New |
| PROSPECT CAPITAL CORP (PSEC 5.5 PERP A1._) | 5.50% CNV A1 PFD | 14,000 | $350K | New |
| AYWWF Ayr Wellness Canada-29 | *W EXP 02/07/202 | 152,300 | $487 | No change |
Total filed on the 13F, all lines: $2.9B.
Portfolio Sells Q2 2025 → Q3 2025
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -7.4% | 3.70% | −0.42 |
| GLD SPDR Gold Shares | Reduce -18.3% | 2.86% | −0.41 |
| DGRW Wisdomtree U.S. Quality Divi | Reduce -56.3% | 0.18% | −0.25 |
| TFC Truist Financial Corp. | Reduce -61.7% | 0.13% | −0.21 |
| V Visa Inc. Class A | Reduce -3.1% | 0.86% | −0.15 |
| AMGN Amgen Inc. | Reduce -16.3% | 0.43% | −0.12 |
| IBM Intl Business Machines Corp. | Reduce -10.0% | 0.46% | −0.12 |
| COST Costco Wholesale Corp. | Reduce -6.9% | 0.47% | −0.12 |
| IWR iShares Russell Mid-Cap ETF | Reduce -23.4% | 0.33% | −0.12 |
| VLO Valero Energy Corp. | Reduce -42.9% | 0.21% | −0.11 |
| CSCO Cisco Systems Inc. | Reduce -3.2% | 0.68% | −0.10 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -3.9% | 1.85% | −0.10 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -4.0% | 0.97% | −0.10 |
| IBDQ iShares Ibonds Dec 2025 Term | Reduce -21.1% | 0.25% | −0.10 |
| ADBE Adobe Inc. | Reduce -66.3% | 0.04% | −0.10 |
| PG The Procter & Gamble Co. | Reduce -4.5% | 0.50% | −0.09 |
| ADP Automatic Data Processing | Reduce -3.7% | 0.47% | −0.09 |
| VONG Vanguard Russell 1000 Growth | Reduce -35.6% | 0.17% | −0.09 |
| ACN Accenture PLC Class A | Reduce -52.0% | 0.05% | −0.09 |
| AFL Aflac Inc. | Reduce -31.6% | 0.17% | −0.09 |
| ISRG Intuitive Surgical Inc. | Reduce -4.8% | 0.22% | −0.08 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -2.3% | 4.21% | −0.08 |
| JPM JPMorgan Chase & Co. | Reduce -3.6% | 1.91% | −0.08 |
| MCD McDonald's Corp. | Reduce -5.2% | 0.71% | −0.08 |
| CRM Salesforce Inc. | Reduce -7.6% | 0.20% | −0.07 |
| LIN Linde PLC | Reduce -4.3% | 0.54% | −0.07 |
| BCSF Bain Capital Specialty Finan | Sold out | 0.00% | −0.07 |
| BKNG Booking Holdings Inc. | Reduce -4.1% | 0.31% | −0.07 |
| DHR Danaher Corp. | Reduce -51.6% | 0.05% | −0.06 |
| TMUS T-Mobile US Inc. | Reduce -13.4% | 0.25% | −0.06 |
| VYM Vanguard High DVD Yield ETF | Reduce -5.2% | 0.71% | −0.06 |
| ABT Abbott Laboratories | Reduce -14.5% | 0.20% | −0.06 |
| UPS United Parcel Service Class B | Reduce -19.3% | 0.09% | −0.06 |
| XOM Exxon Mobil Corp. | Reduce -3.2% | 0.76% | −0.06 |
| WM Waste Management Inc. | Reduce -8.1% | 0.24% | −0.06 |
| SPGI S&P Global Inc. | Reduce -4.9% | 0.22% | −0.05 |
| HD Home Depot Inc. | Reduce -8.1% | 0.71% | −0.05 |
| MDGL Madrigal Pharmaceuticals Inc. | Reduce -69.1% | 0.04% | −0.05 |
| EQWL Invesco S&P 100 Equal Weight | Reduce -25.4% | 0.13% | −0.05 |
| LW Lamb Weston Holdings Inc. | Reduce -79.3% | 0.01% | −0.05 |
| NEE Nextera Energy Inc. | Reduce -7.8% | 0.54% | −0.05 |
| TSPA T Rowe Price US Eqy Research | Reduce -2.6% | 1.16% | −0.05 |
| PPG PPG Industries Inc. | Reduce -43.7% | 0.04% | −0.05 |
| MDYV SS SPDR S&P 400 MC Val ETF | Reduce -0.4% | 1.02% | −0.04 |
| TXN Texas Instruments Inc. | Reduce -7.2% | 0.13% | −0.04 |
| VMBS Vanguard Mortgage-Backed Sec | Reduce -1.5% | 0.47% | −0.04 |
| SYK Stryker Corp. | Reduce -1.8% | 0.23% | −0.04 |
| UNH Unitedhealth Group Inc. | Reduce -10.7% | 0.41% | −0.04 |
| CAH Cardinal Health Inc. | Reduce -3.5% | 0.20% | −0.04 |
| RSP Invesco S&P 500 Equal Weight | Reduce -28.1% | 0.09% | −0.04 |
Portfolio Buys Q2 2025 → Q3 2025
| AVDE Avantis International Equity | New | 1.94% | +1.94 |
| JMTG Mortgage-Backed Securities | New | 1.25% | +1.25 |
| GOOGL Alphabet Inc. Class A | Add +1.4% | 2.24% | +0.49 |
| NVDA Nvidia Corp. | Add +1.8% | 3.55% | +0.33 |
| USB US Bancorp | Add +2917.4% | 0.26% | +0.25 |
| KO The Coca-Cola Co. | Add +176.3% | 0.27% | +0.15 |
| UBER Uber Technologies Inc. | New | 0.14% | +0.14 |
| TSLA Tesla Inc. | Add +2.3% | 0.58% | +0.14 |
| IWP iShares Russell Mid-Cap Grow | Add +116.6% | 0.25% | +0.13 |
| SCHW Schwab (charles) Corp. | Add +82.2% | 0.29% | +0.12 |
| NOW ServiceNow Inc. | New | 0.12% | +0.12 |
| WCMI FT WCM International ETF | Add +55.7% | 0.24% | +0.08 |
| IBDV iShares Ibonds Dec 2030 Corp. | Add +56.8% | 0.24% | +0.08 |
| LYB Lyondellbasell Indu Class A | Add +204.1% | 0.08% | +0.05 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Add +26.3% | 0.31% | +0.04 |
| JPST JPMorgan Ultra-Short Income | Add +52.0% | 0.15% | +0.04 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +24.4% | 0.32% | +0.04 |
| BP BP PLC-Spons ADR | New | 0.04% | +0.04 |
| BNS Bank of Nova Scotia | Add +54.5% | 0.10% | +0.04 |
| ACWI iShares MSCI Acwi ETF | New | 0.04% | +0.04 |
| EIX Edison International | New | 0.03% | +0.03 |
| SLYV SS SPDR S&P 600 SC Val ETF | Add +3.7% | 0.62% | +0.03 |
| PLTR Palantir Technologies Inc. Class A | Add +7.5% | 0.14% | +0.03 |
| MDYG SS SPDR S&P 400 MC GR ETF | Add +6.5% | 1.16% | +0.03 |
| LHX L3HARRIS Technologies Inc. | Add +0.2% | 0.30% | +0.03 |
| TJX TJX Companies Inc. | Add +0.6% | 0.42% | +0.03 |
| IBDU iShares Ibonds Dec 2029 Term | Add +20.6% | 0.30% | +0.03 |
| SLYG SS SPDR S&P 600 SC GR ETF | Add +6.8% | 0.62% | +0.02 |
| GD General Dynamics Corp. | Add +0.6% | 0.28% | +0.02 |
| BE Bloom Energy Corp. Class A | New | 0.02% | +0.02 |
| BMY Bristol-Myers Squibb Co. | Add +41.6% | 0.08% | +0.02 |
| MO Altria Group Inc. | Add +1.1% | 0.40% | +0.02 |
| VIG Vanguard Dividend Apprec ETF | Add +23.4% | 0.10% | +0.02 |
| SCCO Southern Copper Corp. | Add +1.0% | 0.16% | +0.02 |
| IWV iShares Russell 3000 ETF | Add +4.2% | 0.50% | +0.02 |
| QCOM Qualcomm Inc. | Add +9.4% | 0.33% | +0.02 |
| IBDW iShares Ibonds Dec 2031 Corp. | Add +17.6% | 0.18% | +0.01 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +5.7% | 0.75% | +0.01 |
| BX Blackstone Inc. | Add +24.6% | 0.06% | +0.01 |
| BINC iShares Flex I A ETF-Usd Inc. | New | 0.01% | +0.01 |
| AMD Advanced Micro Devices | Add +1.1% | 0.22% | +0.01 |
| EAGLE POINT CR CO | New | 0.01% | +0.01 |
| IWM iShares Russell 2000 ETF | Add +0.6% | 0.34% | +0.01 |
| MS Morgan Stanley | Add +0.9% | 0.27% | +0.01 |
| XLF SS Financial Select Sector | Add +49.0% | 0.04% | +0.01 |
| SOFI Sofi Technologies Inc. | Add +17.5% | 0.03% | +0.01 |
| IYW iShares Ustechnology ETF | Add +14.4% | 0.06% | +0.01 |
| KKR KKR & Co. Inc. | Add +116.1% | 0.02% | +0.01 |
| IEMG iShares Core MSCI Emerging | Add +13.8% | 0.07% | +0.01 |
| BBAI Bigbear.ai Holdings Inc. | New | 0.01% | +0.01 |
Notes & Other Activity Q2 2025 → Q3 2025
| PROSPECT CAPITAL CORP (PSEC 5.5 PERP A,1) | 5.50% CNV A1 PFD | New | 40,000 | $1.0M |
| PROSPECT CAPITAL CORP (PSEC 6.5 PERP A3..) | 6.50% CNV A3 PFD | New | 30,000 | $750K |
| PROSPECT CAPITAL CORP (PSEC 5.5 PERP A1._) | 5.50% CNV A1 PFD | New | 14,000 | $350K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 379 | $2.9B | SPYG, AAPL, SPYV, IEFA, NVDA |
| Q1 2026 | 404 | $2.9B | AAPL, SPYG, SPYV, NVDA, IEFA |
| Q4 2025 | 399 | $3.0B | AAPL, SPYG, SPYV, MSFT, NVDA |
| Q3 2025 | 402 | $2.9B | AAPL, SPYG, MSFT, SPYV, NVDA |
| Q2 2025 | 389 | $2.7B | AAPL, SPYG, SPYV, MSFT, GLD |
| Q1 2025 | 386 | $2.5B | AAPL, SPYV, SPYG, MSFT, GLD |
| Q4 2024 | 400 | $2.7B | AAPL, SPYG, SPYV, MSFT, NVDA |
| Q3 2024 | 394 | $2.6B | AAPL, SPYG, SPYV, MSFT, NVDA |
| Q2 2024 | 389 | $2.4B | AAPL, SPYG, SPYV, MSFT, NVDA |
| Q1 2024 | 385 | $2.5B | SPYG, SPYV, AAPL, MSFT, SPY |