United Bank

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 6, 2025), United Bank reported 113 stock positions worth $242.0 million. Its top holding was NT HY Val-SCRD BD ETF (HYGV) at 5.4% of the portfolio, followed by Apple (AAPL, 3.7%) and NT GLBL BRD Infra ETF (NFRA, 3.6%). Compared with Q4 2024, it opened 8 new positions, sold out of 3, added to 67 and reduced 27. The biggest buy was SS Health Care Select Sector (XLV, shares +206%) and the biggest sale Apple (AAPL, shares −8%).

Most Recent 13F
Q2 2026
Location
Zebulon, GA
CIK
0001697791
Portfolio Value
$242.0M (Q1 2025)
SEC Filing
0001420506-25-000880 ↗ filed May 6, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $196.7M Q1 2024 Q2 2024: $200.4M Q2 2024 Q3 2024: $216.8M Q3 2024 Q4 2024: $236.7M Q4 2024 Q1 2025: $242.0M $242.0M Q1 2025 Q2 2025: $261.3M Q2 2025 Q3 2025: $287.8M Q3 2025 Q4 2025: $294.9M Q4 2025 Q1 2026: $300.6M Q1 2026 Q2 2026: $328.9M Q2 2026

Holdings 113 stocks · $242.0M
HYGV NT HY Val-SCRD BD ETF 5.37% 321,784 $13.0M Add +0.9%
AAPL Apple Inc. 3.75% 40,831 $9.1M Reduce -7.8%
NFRA NT GLBL BRD Infra ETF 3.63% 152,494 $8.8M Add +4.1%
MSFT Microsoft Corp. 3.30% 21,268 $8.0M Add +6.5%
NVDA Nvidia Corp. 3.22% 71,846 $7.8M Add +10.8%
XLK SS Technology Select Sector 3.06% 35,885 $7.4M Add +9.0%
GOOGL Alphabet Inc. Class A 2.88% 45,084 $7.0M Add +2.1%
AMZN Amazon.com Inc. 2.77% 35,254 $6.7M Add +9.8%
JPM JPMorgan Chase & Co. 2.70% 26,622 $6.5M Reduce -2.9%
GUNR NT Mstar GLBL NR ETF 2.56% 159,912 $6.2M Add +2.7%
VNQ Vanguard Real Estate ETF 2.51% 67,149 $6.1M Add +7.3%
KO The Coca-Cola Co. 2.47% 83,298 $6.0M Reduce -1.4%
COST Costco Wholesale Corp. 2.19% 5,611 $5.3M Reduce -12.9%
SCHD Schwab US DVD Equity ETF 2.15% 186,362 $5.2M Add +1.3%
SO The Southern Co. 2.13% 55,991 $5.1M Add +0.6%
IVW iShares S&P 500 Growth ETF 1.91% 49,816 $4.6M Add +8.0%
IJH iShares Core S&P Midcap ETF 1.77% 73,504 $4.3M Add +3.4%
MA Mastercard Inc. Class A 1.62% 7,163 $3.9M Add +6.7%
TFC Truist Financial Corp. 1.53% 90,148 $3.7M Add +19.0%
VTV Vanguard Mrngstr Val ETF-Aui 1.50% 21,054 $3.6M Add +0.4%
ABT Abbott Laboratories 1.48% 27,003 $3.6M Reduce -6.3%
XLE SS Energy Select Sector 1.48% 38,215 $3.6M Add +2.7%
META Meta Platforms Inc. Class A 1.44% 6,038 $3.5M Reduce -2.4%
IJR iShares Core S&P Small-Cap E 1.36% 31,381 $3.3M Add +4.8%
QLV NT US Qual Lowvol ETF 1.27% 46,574 $3.1M Add +5.2%
BRK.B Berkshire Hathaway Inc. Class B 1.16% 5,274 $2.8M Add +3.6%
LOW Lowe's Cos Inc. 1.15% 11,969 $2.8M Add +7.7%
PG The Procter & Gamble Co. 1.14% 16,235 $2.8M Add +13.1%
CRM Salesforce Inc. 1.08% 9,698 $2.6M Add +17.3%
PANW Palo Alto Networks Inc. 1.07% 15,194 $2.6M Reduce -1.1%
NSC Norfolk Southern Corp. 1.06% 10,851 $2.6M Add +8.1%
XOM Exxon Mobil Corp. 1.04% 21,221 $2.5M Add +6.7%
XLV SS Health Care Select Sector 1.03% 17,126 $2.5M Add +206.2%
MCD McDonald's Corp. 0.99% 7,643 $2.4M Add +8.2%
LLY Eli Lilly & Co. 0.98% 2,863 $2.4M Reduce -0.5%
CMG Chipotle Mexican Grill Inc. 0.98% 47,021 $2.4M Add +5.2%
ICE Intercontinental Exchange Inc. 0.92% 12,842 $2.2M Add +1.6%
GD General Dynamics Corp. 0.89% 7,910 $2.2M Add +13.1%
HON Honeywell International Inc. 0.85% 9,703 $2.1M Add +7.8%
ORCL Oracle Corp. 0.81% 14,075 $2.0M Add +6.3%
COR Cencora Inc. 0.77% 6,727 $1.9M Add +3.7%
CSCO Cisco Systems Inc. 0.77% 30,018 $1.9M Add +0.4%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.76% 15,143 $1.8M Add +6.2%
HD Home Depot Inc. 0.76% 5,023 $1.8M Add +14.9%
CVX Chevron Corp. 0.71% 10,283 $1.7M Add +6.5%
MRSH Marsh & McLennan Cos 0.71% 6,993 $1.7M Add +3.1%
BX Blackstone Inc. 0.68% 11,799 $1.6M Add +8.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.65% 15,955 $1.6M Add +11.9%
MDLZ Mondelez International Inc. Class A 0.65% 23,193 $1.6M Reduce -9.8%
JNJ Johnson & Johnson 0.64% 9,279 $1.5M Add +110.7%
CMCSA Comcast Corp. Class A 0.58% 37,926 $1.4M Reduce -11.4%
BMY Bristol-Myers Squibb Co. 0.55% 21,871 $1.3M Add +8.1%
PFE Pfizer Inc. 0.54% 51,672 $1.3M Add +14.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.54% 5,264 $1.3M Reduce -35.6%
ADBE Adobe Inc. 0.53% 3,345 $1.3M Reduce -5.4%
ADI Analog Devices Inc. 0.53% 6,306 $1.3M Reduce -13.2%
BLK BlackRock Inc. 0.52% 1,340 $1.3M Add +6.5%
AMT American Tower Corp. 0.52% 5,755 $1.3M Add +10.2%
GSK GSK PLC-Spon ADR 0.52% 32,325 $1.3M Add +2.8%
DD Dupont DE Nemours Inc. 0.51% 16,420 $1.2M Add +30.3%
ZBH Zimmer Biomet Holdings Inc. 0.50% 10,743 $1.2M Add +14.0%
SCHW Schwab (charles) Corp. 0.48% 14,983 $1.2M Add +18.9%
DE Deere & Co. 0.46% 2,389 $1.1M Reduce -43.6%
AMD Advanced Micro Devices 0.46% 10,863 $1.1M Add +63.4%
NEE Nextera Energy Inc. 0.44% 15,152 $1.1M Add +16.2%
XLI SS Industrial Select Sector 0.44% 8,121 $1.1M Reduce -52.1%
CDW CDW Corp. 0.44% 6,629 $1.1M Add +12.2%
NOW ServiceNow Inc. 0.43% 1,315 $1.0M Add +67.7%
T AT&T Inc. 0.43% 36,826 $1.0M Reduce -15.4%
FDX FedEx Corp. 0.42% 4,192 $1.0M Add +21.5%
NKE Nike Inc. Class B 0.40% 15,331 $973K Reduce -0.5%
BDX Becton Dickinson and Co. 0.39% 4,156 $952K Add +9.4%
ETN Eaton Corp. PLC 0.35% 3,115 $847K Add +23.3%
GLD SPDR Gold Shares 0.34% 2,841 $819K No change
PYPL PayPal Holdings Inc. 0.33% 12,414 $810K Add +28.3%
RTX RTX Corp. 0.33% 6,071 $804K New
SDY SS SPDR S&P Dividend ETF 0.32% 5,649 $766K Reduce -4.6%
CARR Carrier Global Corp. 0.32% 12,035 $763K New
ACN Accenture PLC Class A 0.31% 2,430 $758K New
DUK Duke Energy Corp. 0.31% 6,164 $752K Add +5.2%
MO Altria Group Inc. 0.30% 11,994 $720K Add +168.5%
QQQ Invesco QQQ Trust Series 1 0.27% 1,403 $658K No change
CAT Caterpillar Inc. 0.27% 1,958 $646K Add +0.8%
WMT Walmart Inc. 0.26% 7,143 $627K Add +0.8%
IVV iShares Core S&P 500 ETF 0.25% 1,079 $606K Add +0.1%
GNR State Street SPDR S&P Global 0.24% 10,740 $572K Reduce -5.4%
V Visa Inc. Class A 0.18% 1,274 $446K Reduce -11.3%
GPN Global Payments Inc. 0.18% 4,459 $437K No change
PNC PNC Financial Services Group 0.17% 2,331 $410K Reduce -0.5%
AVGO Broadcom Inc. 0.16% 2,339 $392K Add +76.5%
FDL First Trust Morn DVD Lead Inc. 0.15% 8,539 $371K Reduce -2.5%
TSLA Tesla Inc. 0.14% 1,322 $343K No change
XLC SS Comm Select Sector SPDR 0.14% 3,510 $339K Reduce -7.6%
VZ Verizon Communications Inc. 0.13% 7,037 $319K Add +6.3%
SPY SS SPDR S&P 500 ETF Trust-US 0.13% 546 $305K Add +3.4%
IDXX Idexx Laboratories Inc. 0.12% 700 $294K No change
ABBV Abbvie Inc. 0.12% 1,399 $293K No change
AGG iShares Core U.S. Aggregate 0.11% 2,789 $276K Reduce -14.7%
AFL Aflac Inc. 0.11% 2,424 $270K No change
ED Consolidated Edison Inc. 0.10% 2,184 $242K New
WFC Wells Fargo & Co. 0.10% 3,358 $241K Add +0.0%
PEP Pepsico Inc. 0.10% 1,552 $233K Reduce -2.6%
MCHP Microchip Technology Inc. 0.10% 4,747 $230K Reduce -63.6%
RF Regions Financial Corp. 0.09% 10,448 $227K New
NFLX Netflix Inc. 0.09% 235 $219K New
PM Philip Morris International 0.09% 1,372 $218K New
DAL Delta Air Lines Inc. 0.09% 4,777 $208K No change
ALL Allstate Corp. 0.08% 980 $203K Reduce -11.0%
F Ford Motor Co. filed as FORD MTR CO 0.07% 16,817 $169K New
PMM Franklin Managed Municipal I 0.04% 14,400 $88K No change
AUR Aurora Innovation Inc. 0.04% 13,064 $88K Add +17.0%
OXSQ Oxford Square Capital Corp. 0.02% 17,518 $46K No change
SENS Senseonics Holdings Inc. 0.01% 24,000 $16K No change

Portfolio Sells Q4 2024 → Q1 2025
AAPL Apple Inc. Reduce -7.8% 3.75% −0.93
XLI SS Industrial Select Sector Reduce -52.1% 0.44% −0.50
FCX Freeport-McMoran Inc. Sold out 0.00% −0.32
COST Costco Wholesale Corp. Reduce -12.9% 2.19% −0.30
DE Deere & Co. Reduce -43.6% 0.46% −0.29
MCHP Microchip Technology Inc. Reduce -63.6% 0.10% −0.22
IBM Intl Business Machines Corp. Reduce -35.6% 0.54% −0.22
ADBE Adobe Inc. Reduce -5.4% 0.53% −0.13
ADI Analog Devices Inc. Reduce -13.2% 0.53% −0.13
PANW Palo Alto Networks Inc. Reduce -1.1% 1.07% −0.11
PLTR Palantir Technologies Inc. Class A Sold out 0.00% −0.11
CMCSA Comcast Corp. Class A Reduce -11.4% 0.58% −0.10
BIIB Biogen Inc. Sold out 0.00% −0.09
META Meta Platforms Inc. Class A Reduce -2.4% 1.44% −0.09
NKE Nike Inc. Class B Reduce -0.5% 0.40% −0.09
JPM JPMorgan Chase & Co. Reduce -2.9% 2.70% −0.08
PNC PNC Financial Services Group Reduce -0.5% 0.17% −0.02
AGG iShares Core U.S. Aggregate Reduce -14.7% 0.11% −0.02
XLC SS Comm Select Sector SPDR Reduce -7.6% 0.14% −0.02
SDY SS SPDR S&P Dividend ETF Reduce -4.6% 0.32% −0.01
V Visa Inc. Class A Reduce -11.3% 0.18% −0.01
PEP Pepsico Inc. Reduce -2.6% 0.10% −0.01
ALL Allstate Corp. Reduce -11.0% 0.08% −0.01
GNR State Street SPDR S&P Global Reduce -5.4% 0.24% −0.00
MDLZ Mondelez International Inc. Class A Reduce -9.8% 0.65% +0.00
FDL First Trust Morn DVD Lead Inc. Reduce -2.5% 0.15% +0.00
T AT&T Inc. Reduce -15.4% 0.43% +0.01
LLY Eli Lilly & Co. Reduce -0.5% 0.98% +0.04
ABT Abbott Laboratories Reduce -6.3% 1.48% +0.10
KO The Coca-Cola Co. Reduce -1.4% 2.47% +0.24

Portfolio Buys Q4 2024 → Q1 2025
XLV SS Health Care Select Sector Add +206.2% 1.03% +0.71
JNJ Johnson & Johnson Add +110.7% 0.64% +0.37
RTX RTX Corp. New 0.33% +0.33
CARR Carrier Global Corp. New 0.32% +0.32
ACN Accenture PLC Class A New 0.31% +0.31
NFRA NT GLBL BRD Infra ETF Add +4.1% 3.63% +0.28
MO Altria Group Inc. Add +168.5% 0.30% +0.20
SO The Southern Co. Add +0.6% 2.13% +0.19
BRK.B Berkshire Hathaway Inc. Class B Add +3.6% 1.16% +0.19
GUNR NT Mstar GLBL NR ETF Add +2.7% 2.56% +0.17
VNQ Vanguard Real Estate ETF Add +7.3% 2.51% +0.16
COR Cencora Inc. Add +3.7% 0.77% +0.16
TFC Truist Financial Corp. Add +19.0% 1.53% +0.14
XOM Exxon Mobil Corp. Add +6.7% 1.04% +0.14
XLE SS Energy Select Sector Add +2.7% 1.48% +0.13
MA Mastercard Inc. Class A Add +6.7% 1.62% +0.13
PG The Procter & Gamble Co. Add +13.1% 1.14% +0.13
AMD Advanced Micro Devices Add +63.4% 0.46% +0.12
MCD McDonald's Corp. Add +8.2% 0.99% +0.12
CVX Chevron Corp. Add +6.5% 0.71% +0.12
ICE Intercontinental Exchange Inc. Add +1.6% 0.92% +0.12
AMT American Tower Corp. Add +10.2% 0.52% +0.11
GD General Dynamics Corp. Add +13.1% 0.89% +0.11
DD Dupont DE Nemours Inc. Add +30.3% 0.51% +0.10
ED Consolidated Edison Inc. New 0.10% +0.10
MRSH Marsh & McLennan Cos Add +3.1% 0.71% +0.10
RF Regions Financial Corp. New 0.09% +0.09
NFLX Netflix Inc. New 0.09% +0.09
SCHW Schwab (charles) Corp. Add +18.9% 0.48% +0.09
PM Philip Morris International New 0.09% +0.09
ZBH Zimmer Biomet Holdings Inc. Add +14.0% 0.50% +0.08
NOW ServiceNow Inc. Add +67.7% 0.43% +0.08
F Ford Motor Co. New 0.07% +0.07
GSK GSK PLC-Spon ADR Add +2.8% 0.52% +0.07
BMY Bristol-Myers Squibb Co. Add +8.1% 0.55% +0.07
NSC Norfolk Southern Corp. Add +8.1% 1.06% +0.07
NEE Nextera Energy Inc. Add +16.2% 0.44% +0.05
QLV NT US Qual Lowvol ETF Add +5.2% 1.27% +0.05
DUK Duke Energy Corp. Add +5.2% 0.31% +0.04
HD Home Depot Inc. Add +14.9% 0.76% +0.04
TJX TJX Companies Inc. Add +6.2% 0.76% +0.03
PFE Pfizer Inc. Add +14.0% 0.54% +0.03
AVGO Broadcom Inc. Add +76.5% 0.16% +0.03
SCHD Schwab US DVD Equity ETF Add +1.3% 2.15% +0.03
BDX Becton Dickinson and Co. Add +9.4% 0.39% +0.03
VZ Verizon Communications Inc. Add +6.3% 0.13% +0.02
CSCO Cisco Systems Inc. Add +0.4% 0.77% +0.02
FDX FedEx Corp. Add +21.5% 0.42% +0.01
AUR Aurora Innovation Inc. Add +17.0% 0.04% +0.01
CDW CDW Corp. Add +12.2% 0.44% +0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 122$328.9MXLK, GOOGL, AAPL, NVDA, NFRA
Q1 2026 124$300.6MGOOGL, AAPL, NFRA, GUNR, NVDA
Q4 2025 124$294.9MGOOGL, AAPL, NVDA, XLK, MSFT
Q3 2025 119$287.8MNVDA, AAPL, GOOGL, XLK, MSFT
Q2 2025 116$261.3MNVDA, MSFT, HYGV, AAPL, XLK
Q1 2025 113$242.0MHYGV, AAPL, NFRA, MSFT, NVDA
Q4 2024 108$236.7MHYGV, AAPL, NVDA, MSFT, GOOGL
Q3 2024 103$216.8MHYGV, AAPL, MSFT, NFRA, NVDA
Q2 2024 94$200.4MHYGV, NVDA, AAPL, GOOGL, MSFT
Q1 2024 95$196.7MHYGV, GUNR, AAPL, NVDA, MSFT