United Bank

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), United Bank reported 136 stock positions worth $786.1 million. Its top holding was Hubbell (HUBB) at 12.1% of the portfolio, followed by iShares MSCI Emr MRK Ex Chna (EMXC, 5.3%) and iShares Core S&P Small-Cap E (IJR, 5.3%). Compared with Q4 2024, it opened 10 new positions, sold out of 8, added to 24 and reduced 57. The biggest buy was a new position in Cme (CME) and the biggest sale US Bancorp (USB, shares −96%).

Most Recent 13F
Q2 2026
Location
VIENNA, VA
CIK
0001286478
Portfolio Value
$786.1M (Q1 2025)
SEC Filing
0001286478-25-000005 ↗ filed May 14, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $837.8M Q1 2024 Q2 2024: $805.9M Q2 2024 Q3 2024: $859.3M Q3 2024 Q4 2024: $838.9M Q4 2024 Q1 2025: $786.1M $786.1M Q1 2025 Q2 2025: $835.3M Q2 2025 Q3 2025: $839.1M Q3 2025 Q4 2025: $757.1M Q4 2025 Q1 2026: $780.8M Q1 2026 Q2 2026: $852.7M Q2 2026

Holdings 136 stocks · $786.1M
HUBB Hubbell Inc. 12.07% 286,822 $94.9M No change
EMXC iShares MSCI Emr MRK Ex Chna 5.27% 752,241 $41.4M Add +6.8%
IJR iShares Core S&P Small-Cap E 5.26% 395,480 $41.4M Add +1.9%
AAPL Apple Inc. 4.03% 142,545 $31.7M Reduce -8.8%
AGG iShares Core U.S. Aggregate 3.94% 312,923 $31.0M Add +3.0%
MSFT Microsoft Corp. 3.80% 79,669 $29.9M Reduce -5.2%
UBSI United Bankshares Inc. 3.14% 711,669 $24.7M Reduce -2.3%
JPM JPMorgan Chase & Co. 3.13% 100,447 $24.6M Reduce -0.7%
CVX Chevron Corp. 2.38% 111,913 $18.7M Reduce -7.0%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 2.06% 188,175 $16.2M Reduce -12.1%
CSCO Cisco Systems Inc. 2.00% 254,526 $15.7M Reduce -15.8%
ABT Abbott Laboratories 1.99% 117,947 $15.6M Reduce -14.0%
PG The Procter & Gamble Co. 1.96% 90,208 $15.4M Reduce -11.7%
WM Waste Management Inc. 1.96% 66,392 $15.4M Reduce -14.9%
MCD McDonald's Corp. 1.95% 48,945 $15.3M Reduce -11.7%
AMGN Amgen Inc. 1.86% 46,804 $14.6M Reduce -13.8%
GLW Corning Inc. 1.80% 308,558 $14.1M Reduce -21.9%
JNJ Johnson & Johnson 1.73% 82,069 $13.6M Reduce -11.1%
DOV Dover Corp. 1.68% 75,279 $13.2M Reduce -13.6%
EOG EOG Resources Inc. 1.65% 100,927 $12.9M Reduce -9.2%
APD Air Products & Chemicals Inc. 1.65% 43,882 $12.9M Reduce -15.9%
GD General Dynamics Corp. 1.61% 46,364 $12.6M Reduce -9.3%
TXN Texas Instruments Inc. 1.57% 68,501 $12.3M Reduce -10.3%
BLK BlackRock Inc. 1.51% 12,559 $11.9M Reduce -16.0%
CMI Cummins Inc. 1.44% 36,124 $11.3M Reduce -19.5%
IVW iShares S&P 500 Growth ETF 1.40% 118,802 $11.0M Add +3.1%
HON Honeywell International Inc. 1.26% 46,881 $9.9M Add +633.2%
PEP Pepsico Inc. 1.21% 63,273 $9.5M Add +1149.0%
AFL Aflac Inc. 1.18% 83,593 $9.3M Add +2470.5%
CME Cme Group Inc. 1.15% 33,997 $9.0M New
AWK American Water Works Co. Inc. 1.11% 59,408 $8.8M New
HSY The Hershey Co. 1.09% 50,208 $8.6M New
GILD Gilead Sciences Inc. 1.09% 76,319 $8.6M New
ITW Illinois Tool Works 1.06% 33,674 $8.4M Add +3894.5%
LMT Lockheed Martin Corp. 1.04% 18,252 $8.2M New
VO Vngrd Mrngstr MD-Cap ETF-Usd 1.02% 30,874 $8.0M Add +23.3%
XOM Exxon Mobil Corp. 0.99% 65,320 $7.8M Reduce -3.4%
VNQ Vanguard Real Estate ETF 0.91% 78,984 $7.2M Reduce -4.1%
SHV iShares 0-1 Year Treasury Bo 0.74% 52,335 $5.8M Reduce -5.2%
VB Vanguard Most SM-Cap ETF-Usd 0.63% 22,209 $4.9M Add +15.6%
SPY SS SPDR S&P 500 ETF Trust-US 0.63% 8,797 $4.9M Add +2.7%
VTI VG Morningstar TS MKT ETF-US 0.56% 16,000 $4.4M No change
IGSB iShares 1-5Y Inv Grade Corp. 0.50% 75,209 $3.9M Add +4.0%
VUG Vanguard Mrngstar GR ETF-Sui 0.49% 10,476 $3.9M No change
KO The Coca-Cola Co. 0.48% 53,116 $3.8M Reduce -0.2%
VTV Vanguard Mrngstr Val ETF-Aui 0.41% 18,453 $3.2M Reduce -21.0%
AMZN Amazon.com Inc. 0.37% 15,445 $2.9M Reduce -21.8%
KLAC KLA Corp. 0.36% 4,207 $2.9M Reduce -12.2%
V Visa Inc. Class A 0.32% 7,287 $2.6M Add +13.9%
NVDA Nvidia Corp. 0.31% 22,489 $2.4M Add +12.1%
IJK iShares S&P Mid-Cap 400 Grow 0.31% 29,091 $2.4M Add +0.7%
GOOGL Alphabet Inc. Class A 0.27% 13,807 $2.1M Add +14.5%
META Meta Platforms Inc. Class A 0.27% 3,647 $2.1M Add +8.4%
TSLA Tesla Inc. 0.26% 8,020 $2.1M Add +2.6%
ABBV Abbvie Inc. 0.22% 8,336 $1.7M No change
BIV Vanguard Intermediate-Term B 0.22% 22,249 $1.7M No change
EFA iShares MSCI Eafe ETF 0.21% 20,383 $1.7M Reduce -35.9%
LLY Eli Lilly & Co. 0.21% 1,956 $1.6M Reduce -15.6%
MUB iShares National Muni Bond E 0.20% 15,259 $1.6M Reduce -35.3%
HD Home Depot Inc. 0.18% 3,952 $1.4M Reduce -2.0%
WMT Walmart Inc. 0.18% 16,344 $1.4M Add +38.0%
AEP American Electric Power 0.17% 12,509 $1.4M No change
VZ Verizon Communications Inc. 0.17% 29,482 $1.3M Reduce -5.5%
IJH iShares Core S&P Midcap ETF 0.17% 22,786 $1.3M Reduce -0.2%
PFE Pfizer Inc. 0.17% 52,074 $1.3M Reduce -88.8%
T AT&T Inc. 0.17% 46,651 $1.3M Reduce -8.6%
VXUS Vanguard Total Intl Stock 0.16% 20,495 $1.3M No change
IWF iShares Russell 1000 Growth 0.15% 3,349 $1.2M Add +22.3%
SO The Southern Co. 0.15% 13,150 $1.2M Reduce -0.9%
BMY Bristol-Myers Squibb Co. 0.15% 19,098 $1.2M No change
DUK Duke Energy Corp. 0.15% 9,545 $1.2M No change
TFC Truist Financial Corp. 0.14% 27,000 $1.1M No change
XLK SS Technology Select Sector 0.14% 5,260 $1.1M No change
LOW Lowe's Cos Inc. 0.14% 4,628 $1.1M Add +27.6%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.13% 4,205 $1.1M Reduce -0.6%
GOOG Alphabet Inc. Class C 0.13% 6,755 $1.1M Reduce -6.4%
DGX Quest Diagnostics Inc. 0.12% 5,737 $971K Reduce -93.6%
BRK.B Berkshire Hathaway Inc. Class B 0.12% 1,756 $935K Reduce -1.5%
BSV Vanguard Short-Term Bond ETF 0.11% 11,034 $864K No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.10% 1,944 $816K No change
RSG Republic Services Inc. 0.10% 3,323 $805K No change
BRK.A Berkshire Hathaway Inc. Class A 0.10% 1 $798K No change
APP AppLovin Corp. Class A 0.10% 3,000 $795K No change
DE Deere & Co. 0.10% 1,624 $762K Reduce -2.2%
ED Consolidated Edison Inc. 0.09% 6,450 $713K No change
ORCL Oracle Corp. 0.08% 4,712 $659K Add +0.6%
MMM 3M Co. 0.08% 4,316 $634K Reduce -13.7%
ALL Allstate Corp. 0.08% 3,000 $621K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.08% 2,347 $603K No change
ADP Automatic Data Processing 0.07% 1,903 $581K Reduce -4.0%
IEFA iShares Core MSCI Eafe ETF 0.07% 7,611 $576K Add +85.2%
USMV iShares MSCI USA Min Vol Fac 0.07% 6,000 $562K New
IVV iShares Core S&P 500 ETF 0.07% 996 $560K No change
MDY State Street SPDR S&P Midcap 0.07% 1,025 $547K No change
GRMN Garmin Ltd. 0.07% 2,500 $543K No change
CAT Caterpillar Inc. 0.07% 1,600 $528K Reduce -2.4%
MS Morgan Stanley 0.07% 4,500 $525K Add +125.0%
NEE Nextera Energy Inc. 0.07% 7,374 $523K Reduce -1.1%
USB US Bancorp 0.07% 12,328 $520K Reduce -96.0%
UPS United Parcel Service Class B 0.07% 4,732 $520K Reduce -94.3%
MO Altria Group Inc. 0.06% 8,433 $506K No change
YUM Yum! Brands Inc. 0.06% 3,200 $504K No change
CMCSA Comcast Corp. Class A 0.06% 13,179 $486K No change
GE General Electric filed as GE AEROSPACE 0.06% 2,394 $479K No change
MA Mastercard Inc. Class A 0.06% 800 $438K No change
NFLX Netflix Inc. 0.06% 470 $438K No change
MRK Merck & Co. Inc. 0.05% 4,575 $411K Reduce -0.4%
PFF iShares Preferred & Income S 0.05% 12,313 $378K Reduce -2.0%
D Dominion Energy Inc. 0.05% 6,689 $375K Reduce -0.6%
PJT PJT Partners Inc. Class A 0.05% 2,675 $369K No change
TGT Target Corp. 0.05% 3,448 $360K Reduce -95.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.04% 8,118 $339K No change
COST Costco Wholesale Corp. 0.04% 358 $339K Reduce -25.6%
BKNG Booking Holdings Inc. 0.04% 72 $332K No change
GIS General Mills Inc. 0.04% 5,500 $329K No change
DVY iShares Select Dividend ETF 0.04% 2,399 $322K No change
IBIT iShares Bitcoin Trust ETF 0.04% 6,693 $313K No change
LHX L3HARRIS Technologies Inc. 0.04% 1,450 $304K New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.04% 2,490 $303K No change
IWR iShares Russell Mid-Cap ETF 0.04% 3,537 $301K No change
WFC Wells Fargo & Co. 0.04% 4,000 $287K No change
RTX RTX Corp. 0.04% 2,087 $276K Reduce -1.4%
ZTS Zoetis Inc. 0.03% 1,600 $263K New
XYL Xylem Inc. 0.03% 2,200 $263K No change
AVGO Broadcom Inc. 0.03% 1,569 $263K Reduce -11.4%
UNH Unitedhealth Group Inc. 0.03% 490 $257K Reduce -3.2%
IBB iShares Biotechnology ETF 0.03% 1,908 $244K No change
PANW Palo Alto Networks Inc. 0.03% 1,430 $244K Reduce -40.3%
NSC Norfolk Southern Corp. 0.03% 994 $235K No change
CL Colgate-Palmolive Co. 0.03% 2,400 $225K No change
ZBH Zimmer Biomet Holdings Inc. 0.03% 1,838 $208K New
CINF Cincinnati Financial Corp. 0.03% 1,403 $207K No change
TRVI Trevi Therapeutics Inc. 0.03% 31,200 $196K No change
CRDF Cardiff Oncology Inc. 0.01% 22,911 $72K No change
ATYR Atyr Pharma Inc. 0.01% 13,830 $42K New
VOR Vor Biopharma Inc. 0.00% 15,300 $11K No change

Portfolio Sells Q4 2024 → Q1 2025
USB US Bancorp Reduce -96.0% 0.07% −1.69
DGX Quest Diagnostics Inc. Reduce -93.6% 0.12% −1.50
PFE Pfizer Inc. Reduce -88.8% 0.17% −1.30
UPS United Parcel Service Class B Reduce -94.3% 0.07% −1.19
TGT Target Corp. Reduce -95.3% 0.05% −1.12
AAPL Apple Inc. Reduce -8.8% 4.03% −0.64
IRM Iron Mountain Inc. Reduce -12.1% 2.06% −0.62
GLW Corning Inc. Reduce -21.9% 1.80% −0.44
CMI Cummins Inc. Reduce -19.5% 1.44% −0.42
MSFT Microsoft Corp. Reduce -5.2% 3.80% −0.42
BLK BlackRock Inc. Reduce -16.0% 1.51% −0.31
DOV Dover Corp. Reduce -13.6% 1.68% −0.27
APD Air Products & Chemicals Inc. Reduce -15.9% 1.65% −0.16
AMZN Amazon.com Inc. Reduce -21.8% 0.37% −0.14
TXN Texas Instruments Inc. Reduce -10.3% 1.57% −0.14
CSCO Cisco Systems Inc. Reduce -15.8% 2.00% −0.14
UBSI United Bankshares Inc. Reduce -2.3% 3.14% −0.12
MUB iShares National Muni Bond E Reduce -35.3% 0.20% −0.09
PG The Procter & Gamble Co. Reduce -11.7% 1.96% −0.09
EFA iShares MSCI Eafe ETF Reduce -35.9% 0.21% −0.07
VTV Vanguard Mrngstr Val ETF-Aui Reduce -21.0% 0.41% −0.07
GOOG Alphabet Inc. Class C Reduce -6.4% 0.13% −0.03
DOW Dow Inc. Sold out 0.00% −0.03
IWB iShares Russell 1000 ETF Sold out 0.00% −0.03
ASML ASML Holding NV-NY Reg SHS Sold out 0.00% −0.02
INTU Intuit Inc. Sold out 0.00% −0.02
ACN Accenture PLC Class A Sold out 0.00% −0.02
PANW Palo Alto Networks Inc. Reduce -40.3% 0.03% −0.02
AVGO Broadcom Inc. Reduce -11.4% 0.03% −0.02
COST Costco Wholesale Corp. Reduce -25.6% 0.04% −0.01
LLY Eli Lilly & Co. Reduce -15.6% 0.21% −0.01
VBK Van Morst SML-Cap Gro-Usd Inc. Reduce -0.6% 0.13% −0.01
CAT Caterpillar Inc. Reduce -2.4% 0.07% −0.00
AUTL Autolus Therapeutics PLC Sold out 0.00% −0.00
HD Home Depot Inc. Reduce -2.0% 0.18% −0.00
MRK Merck & Co. Inc. Reduce -0.4% 0.05% −0.00
TLPH Talphera Inc. Sold out 0.00% −0.00
LCTX Lineage Cell Therapeutics Inc. Sold out 0.00% −0.00
IJH iShares Core S&P Midcap ETF Reduce -0.2% 0.17% −0.00
PFF iShares Preferred & Income S Reduce -2.0% 0.05% +0.00
UNH Unitedhealth Group Inc. Reduce -3.2% 0.03% +0.00
GD General Dynamics Corp. Reduce -9.3% 1.61% +0.00
NEE Nextera Energy Inc. Reduce -1.1% 0.07% +0.00
MMM 3M Co. Reduce -13.7% 0.08% +0.00
KLAC KLA Corp. Reduce -12.2% 0.36% +0.00
D Dominion Energy Inc. Reduce -0.6% 0.05% +0.00
ADP Automatic Data Processing Reduce -4.0% 0.07% +0.00
RTX RTX Corp. Reduce -1.4% 0.04% +0.01
SHV iShares 0-1 Year Treasury Bo Reduce -5.2% 0.74% +0.01
DE Deere & Co. Reduce -2.2% 0.10% +0.01

Portfolio Buys Q4 2024 → Q1 2025
CME Cme Group Inc. New 1.15% +1.15
AFL Aflac Inc. Add +2470.5% 1.18% +1.14
PEP Pepsico Inc. Add +1149.0% 1.21% +1.12
AWK American Water Works Co. Inc. New 1.11% +1.11
HSY The Hershey Co. New 1.09% +1.09
HON Honeywell International Inc. Add +633.2% 1.26% +1.09
GILD Gilead Sciences Inc. New 1.09% +1.09
LMT Lockheed Martin Corp. New 1.04% +1.04
ITW Illinois Tool Works Add +3894.5% 1.06% +1.04
EMXC iShares MSCI Emr MRK Ex Chna Add +6.8% 5.27% +0.62
AGG iShares Core U.S. Aggregate Add +3.0% 3.94% +0.43
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +23.3% 1.02% +0.23
V Visa Inc. Class A Add +13.9% 0.32% +0.08
VB Vanguard Most SM-Cap ETF-Usd Add +15.6% 0.63% +0.08
USMV iShares MSCI USA Min Vol Fac New 0.07% +0.07
IGSB iShares 1-5Y Inv Grade Corp. Add +4.0% 0.50% +0.06
WMT Walmart Inc. Add +38.0% 0.18% +0.06
IEFA iShares Core MSCI Eafe ETF Add +85.2% 0.07% +0.04
LHX L3HARRIS Technologies Inc. New 0.04% +0.04
MS Morgan Stanley Add +125.0% 0.07% +0.04
ZTS Zoetis Inc. New 0.03% +0.03
META Meta Platforms Inc. Class A Add +8.4% 0.27% +0.03
LOW Lowe's Cos Inc. Add +27.6% 0.14% +0.03
SPY SS SPDR S&P 500 ETF Trust-US Add +2.7% 0.63% +0.03
ZBH Zimmer Biomet Holdings Inc. New 0.03% +0.03
IWF iShares Russell 1000 Growth Add +22.3% 0.15% +0.02
IVW iShares S&P 500 Growth ETF Add +3.1% 1.40% +0.01
ATYR Atyr Pharma Inc. New 0.01% +0.01
GOOGL Alphabet Inc. Class A Add +14.5% 0.27% −0.00
IJK iShares S&P Mid-Cap 400 Grow Add +0.7% 0.31% −0.00
ORCL Oracle Corp. Add +0.6% 0.08% −0.01
NVDA Nvidia Corp. Add +12.1% 0.31% −0.01
IJR iShares Core S&P Small-Cap E Add +1.9% 5.26% −0.07
TSLA Tesla Inc. Add +2.6% 0.26% −0.11

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 130$852.7MHUBB, IJR, GLW, AGG, AAPL
Q1 2026 121$780.8MHUBB, IJR, AGG, AAPL, UBSI
Q4 2025 128$757.1MHUBB, IJR, MSFT, AAPL, AGG
Q3 2025 128$839.1MHUBB, EMXC, IJR, MSFT, AAPL
Q2 2025 138$835.3MHUBB, EMXC, IJR, MSFT, AGG
Q1 2025 136$786.1MHUBB, EMXC, IJR, AAPL, AGG
Q4 2024 134$838.9MHUBB, IJR, AAPL, EMXC, MSFT
Q3 2024 142$859.3MHUBB, IJR, EMXC, AAPL, MSFT
Q2 2024 142$805.9MHUBB, EMXC, MSFT, IJR, AAPL
Q1 2024 148$837.8MHUBB, IJR, MSFT, EMXC, AAPL