First United Bank & Trust
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 21, 2026), First United Bank & Trust reported 393 stock positions worth $313.3 million. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 6.9% of the portfolio, followed by Vanguard Mrngstr Val ETF-Aui (VTV, 5.5%) and Vanguard S&P 500 ETF (VOO, 4.1%). Compared with Q3 2025, it opened 4 new positions, sold out of 31, added to 68 and reduced 135. The biggest buy was iShares Core MSCI Eafe ETF (IEFA, shares +21%) and the biggest sale Erie Indemnity Class A (ERIE, shares −70%).
- Most Recent 13F
- Q2 2026
- Location
- OAKLAND, MD
- CIK
- 0001214183
- Portfolio Value
- $313.3M (Q4 2025)
- SEC Filing
- 0001104659-26-005279 ↗ filed Jan 21, 2026
Holdings Value
Holdings 393 stocks · $313.3M
| QQQ Invesco QQQ Trust Series 1 | 6.91% | 35,229 | $21.6M | Add +0.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 5.50% | 90,257 | $17.2M | Add +1.8% |
| VOO Vanguard S&P 500 ETF | 4.13% | 20,654 | $13.0M | Add +5.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 3.73% | 23,931 | $11.7M | Add +1.4% |
| AAPL Apple Inc. | 3.13% | 36,111 | $9.8M | Reduce -3.0% |
| DVY iShares Select Dividend ETF | 2.93% | 65,081 | $9.2M | Add +7.9% |
| MSFT Microsoft Corp. | 2.37% | 15,361 | $7.4M | Reduce -6.9% |
| IEFA iShares Core MSCI Eafe ETF | 2.27% | 79,397 | $7.1M | Add +21.3% |
| GOOGL Alphabet Inc. Class A | 2.26% | 22,587 | $7.1M | Reduce -2.2% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 2.23% | 24,090 | $7.0M | Add +24.8% |
| RSP Invesco S&P 500 Equal Weight | 2.07% | 33,906 | $6.5M | Reduce -4.8% |
| JPM JPMorgan Chase & Co. | 1.78% | 17,334 | $5.6M | Reduce -0.9% |
| NVDA Nvidia Corp. | 1.72% | 28,888 | $5.4M | Reduce -3.4% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 1.67% | 29,498 | $5.2M | Add +5.5% |
| ANET Arista Networks Inc. | 1.65% | 39,474 | $5.2M | Reduce -1.3% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 1.65% | 18,508 | $5.2M | Add +5.9% |
| FBND Fidelity Total Bond ETF | 1.59% | 108,389 | $5.0M | Add +0.6% |
| SPGP Invesco S&P 500 Garp ETF | 1.55% | 42,607 | $4.9M | Reduce -4.0% |
| IEMG iShares Core MSCI Emerging | 1.49% | 69,246 | $4.7M | Add +31.7% |
| IVV iShares Core S&P 500 ETF | 1.47% | 6,718 | $4.6M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.37% | 6,292 | $4.3M | Reduce -0.2% |
| HYGV NT HY Val-SCRD BD ETF | 1.36% | 104,670 | $4.3M | Add +4.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.35% | 16,343 | $4.2M | Add +15.5% |
| ESG NT Stoxx US ESG ETF | 1.32% | 26,150 | $4.1M | Reduce -4.5% |
| IWF iShares Russell 1000 Growth | 1.15% | 7,627 | $3.6M | Reduce -0.1% |
| LOW Lowe's Cos Inc. | 1.05% | 13,597 | $3.3M | Reduce -1.7% |
| IYW iShares Ustechnology ETF | 1.01% | 15,816 | $3.2M | Reduce -0.6% |
| MCD McDonald's Corp. | 0.98% | 9,999 | $3.1M | Reduce -0.6% |
| IWR iShares Russell Mid-Cap ETF | 0.89% | 28,965 | $2.8M | Reduce -0.9% |
| AMZN Amazon.com Inc. | 0.89% | 12,039 | $2.8M | Add +1.1% |
| PNC PNC Financial Services Group | 0.81% | 12,123 | $2.5M | Reduce -1.8% |
| PG The Procter & Gamble Co. | 0.76% | 16,555 | $2.4M | Add +13.2% |
| MA Mastercard Inc. Class A | 0.74% | 4,075 | $2.3M | Reduce -0.3% |
| DHR Danaher Corp. | 0.74% | 10,104 | $2.3M | Reduce -1.7% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.73% | 10,832 | $2.3M | Add +18.8% |
| HON Honeywell International Inc. | 0.69% | 11,079 | $2.2M | Add +0.6% |
| COST Costco Wholesale Corp. | 0.69% | 2,505 | $2.2M | Reduce -0.8% |
| CSCO Cisco Systems Inc. | 0.66% | 26,971 | $2.1M | Add +4.5% |
| SO The Southern Co. | 0.66% | 23,824 | $2.1M | Add +3.4% |
| ISRG Intuitive Surgical Inc. | 0.66% | 3,653 | $2.1M | Reduce -0.8% |
| BX Blackstone Inc. | 0.65% | 13,263 | $2.0M | Add +5.3% |
| ABT Abbott Laboratories | 0.64% | 15,975 | $2.0M | Add +0.1% |
| AMGN Amgen Inc. | 0.62% | 5,957 | $1.9M | Add +2.9% |
| CVX Chevron Corp. | 0.61% | 12,475 | $1.9M | Reduce -0.5% |
| CSX CSX Corp. | 0.59% | 50,956 | $1.8M | Reduce -11.5% |
| BND Vanguard Total Bond Market | 0.58% | 24,583 | $1.8M | Add +0.3% |
| GLD SPDR Gold Shares | 0.55% | 4,353 | $1.7M | Add +96.7% |
| PULS Pgim Ultra Short Bond ETF | 0.55% | 34,745 | $1.7M | Reduce -6.2% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.54% | 8,333 | $1.7M | Reduce -0.6% |
| XLK SS Technology Select Sector | 0.47% | 10,132 | $1.5M | Add +5.9% |
| CME Cme Group Inc. | 0.46% | 5,258 | $1.4M | Add +3.6% |
| JNJ Johnson & Johnson | 0.46% | 6,907 | $1.4M | Reduce -5.8% |
| PEP Pepsico Inc. | 0.45% | 9,812 | $1.4M | Reduce -3.5% |
| ITW Illinois Tool Works | 0.45% | 5,709 | $1.4M | Add +5.0% |
| VLO Valero Energy Corp. | 0.43% | 8,320 | $1.4M | Add +4.5% |
| WMT Walmart Inc. | 0.40% | 11,302 | $1.3M | Add +7.9% |
| XOM Exxon Mobil Corp. | 0.39% | 10,168 | $1.2M | Add +7.0% |
| BKLN Invesco Senior Loan ETF | 0.37% | 55,358 | $1.2M | Add +64.4% |
| ECL Ecolab Inc. | 0.37% | 4,420 | $1.2M | Add +5.5% |
| FTNT Fortinet Inc. | 0.37% | 14,540 | $1.2M | Reduce -5.2% |
| VZ Verizon Communications Inc. | 0.36% | 27,759 | $1.1M | Add +2.7% |
| PWR Quanta Services Inc. | 0.34% | 2,559 | $1.1M | Add +8.4% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.34% | 3,535 | $1.1M | Add +3.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.34% | 2,104 | $1.1M | Reduce -29.4% |
| HYD Vaneck High Yield Muni ETF | 0.33% | 20,181 | $1.0M | Reduce -10.6% |
| FLOT iShares Floating Rate Bond E | 0.33% | 20,120 | $1.0M | Reduce -13.9% |
| PANW Palo Alto Networks Inc. | 0.32% | 5,513 | $1.0M | Reduce -0.1% |
| GOOG Alphabet Inc. Class C | 0.32% | 3,223 | $1.0M | Reduce -1.4% |
| TSLA Tesla Inc. | 0.32% | 2,215 | $996K | Reduce -29.2% |
| ROP Roper Technologies Inc. | 0.32% | 2,225 | $990K | Reduce -5.7% |
| LLY Eli Lilly & Co. | 0.31% | 895 | $962K | Reduce -1.6% |
| SHOP Shopify Inc. Class A | 0.30% | 5,855 | $942K | Add +6.0% |
| CRM Salesforce Inc. | 0.30% | 3,536 | $937K | Reduce -24.8% |
| HD Home Depot Inc. | 0.29% | 2,608 | $897K | Reduce -0.8% |
| CVS CVS Health Corp. | 0.29% | 11,292 | $896K | Add +7.6% |
| MCK McKesson Corp. | 0.28% | 1,075 | $882K | Add +36.1% |
| ERIE Erie Indemnity Company Class A | 0.27% | 3,000 | $860K | Reduce -70.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.27% | 2,833 | $839K | Reduce -10.0% |
| CBRE CBRE Group Inc. Class A | 0.27% | 5,196 | $835K | Add +27.5% |
| AMD Advanced Micro Devices | 0.27% | 3,899 | $835K | Add +3.4% |
| IWP iShares Russell Mid-Cap Grow | 0.26% | 6,060 | $830K | No change |
| IWD iShares Russell 1000 Value E | 0.26% | 3,867 | $813K | No change |
| WEC WEC Energy Group Inc. | 0.26% | 7,705 | $813K | Add +18.6% |
| RSG Republic Services Inc. | 0.26% | 3,805 | $806K | Reduce -0.1% |
| GEV GE Vernova Inc. | 0.26% | 1,231 | $805K | Add +22.4% |
| META Meta Platforms Inc. Class A | 0.25% | 1,170 | $772K | Reduce -2.1% |
| ORCL Oracle Corp. | 0.25% | 3,953 | $770K | Add +5.7% |
| MCHP Microchip Technology Inc. | 0.23% | 11,335 | $722K | Reduce -2.2% |
| NEE Nextera Energy Inc. | 0.23% | 8,828 | $709K | Add +5.3% |
| NOW ServiceNow Inc. | 0.23% | 4,625 | $709K | Add +0.5% |
| TIP iShares Tips Bond ETF | 0.23% | 6,427 | $706K | Add +1.9% |
| PKG Packaging Corp. of America | 0.22% | 3,377 | $696K | Add +11.9% |
| XLC SS Comm Select Sector SPDR | 0.21% | 5,695 | $670K | Reduce -3.6% |
| ET Energy Transfer LP | 0.21% | 39,936 | $659K | Add +2.0% |
| STIP iShares 0-5 Year Tips Bond E | 0.21% | 6,291 | $644K | Reduce -35.7% |
| TFC Truist Financial Corp. | 0.20% | 12,843 | $632K | Add +68.2% |
| NXST Nexstar Media Group Inc. | 0.20% | 3,095 | $628K | Add +22.3% |
| PMIO Pgim Municipal Inc. Opp ETF | 0.20% | 12,075 | $616K | New |
| NOC Northrop Grumman Corp. | 0.19% | 1,058 | $603K | Add +15.3% |
| GL Globe Life Inc. | 0.19% | 4,265 | $597K | Add +12.8% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $1K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| GME.WS Gamestop Corp. | *W EXP 10/30/202 | 400 | $1K | No change |
Total filed on the 13F, all lines: $313.3M.
Portfolio Sells Q3 2025 → Q4 2025
| ERIE Erie Indemnity Company Class A | Reduce -70.0% | 0.27% | −0.76 |
| MSFT Microsoft Corp. | Reduce -6.9% | 2.37% | −0.40 |
| IBIT iShares Bitcoin Trust ETF | Reduce -75.2% | 0.07% | −0.31 |
| ANET Arista Networks Inc. | Reduce -1.3% | 1.65% | −0.24 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -29.4% | 0.34% | −0.15 |
| TSLA Tesla Inc. | Reduce -29.2% | 0.32% | −0.13 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -35.7% | 0.21% | −0.12 |
| RSP Invesco S&P 500 Equal Weight | Reduce -4.8% | 2.07% | −0.12 |
| ZTS Zoetis Inc. | Reduce -81.7% | 0.02% | −0.12 |
| FETH Fidelity Ethereum Fund | Reduce -47.3% | 0.06% | −0.10 |
| NVDA Nvidia Corp. | Reduce -3.4% | 1.72% | −0.09 |
| SPGP Invesco S&P 500 Garp ETF | Reduce -4.0% | 1.55% | −0.09 |
| BDX Becton Dickinson and Co. | Reduce -53.4% | 0.08% | −0.08 |
| LOW Lowe's Cos Inc. | Reduce -1.7% | 1.05% | −0.08 |
| DRI Darden Restaurants Inc. | Reduce -70.1% | 0.03% | −0.08 |
| CSX CSX Corp. | Reduce -11.5% | 0.59% | −0.07 |
| ABBV Abbvie Inc. | Reduce -29.4% | 0.16% | −0.07 |
| COST Costco Wholesale Corp. | Reduce -0.8% | 0.69% | −0.07 |
| ROP Roper Technologies Inc. | Reduce -5.7% | 0.32% | −0.07 |
| CRM Salesforce Inc. | Reduce -24.8% | 0.30% | −0.06 |
| FLOT iShares Floating Rate Bond E | Reduce -13.9% | 0.33% | −0.06 |
| HD Home Depot Inc. | Reduce -0.8% | 0.29% | −0.06 |
| CMCSA Comcast Corp. Class A | Reduce -50.5% | 0.05% | −0.06 |
| ETHA iShares Ethereum Trust ETF | Reduce -29.0% | 0.05% | −0.05 |
| PYPL PayPal Holdings Inc. | Reduce -68.3% | 0.02% | −0.05 |
| XJH Ishare ESG SS S&P Midcap ETF | Reduce -54.6% | 0.04% | −0.05 |
| ESG NT Stoxx US ESG ETF | Reduce -4.5% | 1.32% | −0.05 |
| FTNT Fortinet Inc. | Reduce -5.2% | 0.37% | −0.05 |
| PULS Pgim Ultra Short Bond ETF | Reduce -6.2% | 0.55% | −0.05 |
| HYD Vaneck High Yield Muni ETF | Reduce -10.6% | 0.33% | −0.04 |
| PANW Palo Alto Networks Inc. | Reduce -0.1% | 0.32% | −0.04 |
| META Meta Platforms Inc. Class A | Reduce -2.1% | 0.25% | −0.04 |
| VNT Vontier Corp. | Reduce -61.7% | 0.02% | −0.04 |
| OHI Omega Healthcare Investors | Reduce -50.0% | 0.03% | −0.03 |
| IWR iShares Russell Mid-Cap ETF | Reduce -0.9% | 0.89% | −0.03 |
| RSG Republic Services Inc. | Reduce -0.1% | 0.26% | −0.03 |
| CVX Chevron Corp. | Reduce -0.5% | 0.61% | −0.03 |
| BSCP Invesco Bulletshares 2025 CB | Sold out | 0.00% | −0.02 |
| YUM Yum! Brands Inc. | Reduce -44.1% | 0.03% | −0.02 |
| BMNR Bitmine Immersion Technologi | Reduce -16.7% | 0.02% | −0.02 |
| WM Waste Management Inc. | Reduce -17.6% | 0.09% | −0.02 |
| IBM Intl Business Machines Corp. | Reduce -10.0% | 0.27% | −0.02 |
| ETN Eaton Corp. PLC | Reduce -6.9% | 0.07% | −0.02 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -9.9% | 0.13% | −0.02 |
| MCD McDonald's Corp. | Reduce -0.6% | 0.98% | −0.02 |
| EFA iShares MSCI Eafe ETF | Reduce -59.5% | 0.01% | −0.02 |
| EQT Eqt Corp. | Reduce -50.0% | 0.01% | −0.02 |
| EOG EOG Resources Inc. | Reduce -0.2% | 0.17% | −0.02 |
| DD Dupont DE Nemours Inc. | Reduce -14.3% | 0.01% | −0.02 |
| PZA Invesco National Amt-Free Mu | Reduce -12.8% | 0.09% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| IEFA iShares Core MSCI Eafe ETF | Add +21.3% | 2.27% | +0.41 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +24.8% | 2.23% | +0.39 |
| IEMG iShares Core MSCI Emerging | Add +31.7% | 1.49% | +0.36 |
| GLD SPDR Gold Shares | Add +96.7% | 0.55% | +0.30 |
| VOO Vanguard S&P 500 ETF | Add +5.6% | 4.13% | +0.25 |
| PMIO Pgim Municipal Inc. Opp ETF | New | 0.20% | +0.20 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +15.5% | 1.35% | +0.18 |
| DVY iShares Select Dividend ETF | Add +7.9% | 2.93% | +0.15 |
| BKLN Invesco Senior Loan ETF | Add +64.4% | 0.37% | +0.14 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +1.8% | 5.50% | +0.13 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +18.8% | 0.73% | +0.11 |
| AMGN Amgen Inc. | Add +2.9% | 0.62% | +0.09 |
| CSCO Cisco Systems Inc. | Add +4.5% | 0.66% | +0.09 |
| TFC Truist Financial Corp. | Add +68.2% | 0.20% | +0.09 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Add +5.5% | 1.67% | +0.09 |
| MCK McKesson Corp. | Add +36.1% | 0.28% | +0.08 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.5% | 6.91% | +0.07 |
| AMD Advanced Micro Devices | Add +3.4% | 0.27% | +0.07 |
| CBRE CBRE Group Inc. Class A | Add +27.5% | 0.27% | +0.06 |
| GEV GE Vernova Inc. | Add +22.4% | 0.26% | +0.06 |
| NUE Nucor Corp. | Add +59.4% | 0.11% | +0.05 |
| WMT Walmart Inc. | Add +7.9% | 0.40% | +0.05 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +1.4% | 3.73% | +0.05 |
| VGK Vanguard Ftse Europe ETF | Add +34.1% | 0.16% | +0.04 |
| XOM Exxon Mobil Corp. | Add +7.0% | 0.39% | +0.04 |
| NXST Nexstar Media Group Inc. | Add +22.3% | 0.20% | +0.04 |
| AMZN Amazon.com Inc. | Add +1.1% | 0.89% | +0.04 |
| VSGX Vanguard ESG Intl Stock ETF | Add +53.5% | 0.10% | +0.04 |
| DHI D.R. Horton Inc. | Add +75.3% | 0.11% | +0.03 |
| SHOP Shopify Inc. Class A | Add +6.0% | 0.30% | +0.03 |
| PPL PPL Corp. | New | 0.03% | +0.03 |
| CVS CVS Health Corp. | Add +7.6% | 0.29% | +0.03 |
| PG The Procter & Gamble Co. | Add +13.2% | 0.76% | +0.03 |
| XLK SS Technology Select Sector | Add +5.9% | 0.47% | +0.03 |
| PWR Quanta Services Inc. | Add +8.4% | 0.34% | +0.03 |
| HYGV NT HY Val-SCRD BD ETF | Add +4.8% | 1.36% | +0.02 |
| FBCG Fidelity Blue Chip Grow ETF | Add +50.4% | 0.06% | +0.02 |
| NEE Nextera Energy Inc. | Add +5.3% | 0.23% | +0.02 |
| IYT iShares US Transportation Et | Add +18.3% | 0.11% | +0.02 |
| WEC WEC Energy Group Inc. | Add +18.6% | 0.26% | +0.02 |
| GL Globe Life Inc. | Add +12.8% | 0.19% | +0.01 |
| VCIT Vanguard Int-Term Corporate | Add +10.2% | 0.18% | +0.01 |
| CME Cme Group Inc. | Add +3.6% | 0.46% | +0.01 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +3.7% | 0.34% | +0.01 |
| NOC Northrop Grumman Corp. | Add +15.3% | 0.19% | +0.01 |
| EMB iShares JP Morgan Usd Emergi | Add +82.4% | 0.02% | +0.01 |
| PKG Packaging Corp. of America | Add +11.9% | 0.22% | +0.01 |
| GEHC GE Healthcare Technology | Add +214.3% | 0.01% | +0.01 |
| RJF Raymond James Financial Inc. | Add +16.7% | 0.11% | +0.01 |
| FTGC First Trust Global Tactical | Add +53.2% | 0.03% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 419 | $347.6M | QQQ, VTV, VOO, DVY, VO |
| Q1 2026 | 394 | $307.9M | QQQ, VTV, DVY, VOO, VO |
| Q4 2025 | 393 | $313.3M | QQQ, VTV, VOO, VUG, AAPL |
| Q3 2025 | 419 | $308.1M | QQQ, VTV, VOO, VUG, AAPL |
| Q2 2025 | 388 | $286.9M | QQQ, VTV, VOO, VUG, MSFT |
| Q1 2025 | 402 | $267.7M | QQQ, VTV, VOO, AAPL, DVY |
| Q4 2024 | 377 | $275.3M | QQQ, VTV, AAPL, VUG, VOO |
| Q3 2024 | 380 | $278.3M | QQQ, VTV, VOO, AAPL, VUG |
| Q2 2024 | 402 | $268.7M | QQQ, VTV, AAPL, VUG, VOO |
| Q1 2024 | 415 | $270.1M | QQQ, VTV, AAPL, VOO, VUG |