United Bank

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), United Bank reported 119 stock positions worth $287.8 million. Its top holding was Nvidia (NVDA) at 4.5% of the portfolio, followed by Apple (AAPL, 4.2%) and Alphabet Class A (GOOGL, 4.0%). Compared with Q2 2025, it opened 4 new positions, sold out of 1, added to 69 and reduced 29. The biggest buy was a new position in SS Real Estate Select Sector (XLRE) and the biggest sale Vanguard Real Estate ETF (VNQ, shares −58%).

Most Recent 13F
Q2 2026
Location
Zebulon, GA
CIK
0001697791
Portfolio Value
$287.8M (Q3 2025)
SEC Filing
0001420506-25-003082 ↗ filed Nov 12, 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 Q1 2025 Q2 2025: $261.3M Q2 2025 Q3 2025: $287.8M $287.8M Q3 2025 Q4 2025: $294.9M Q4 2025 Q1 2026: $300.6M Q1 2026 Q2 2026: $328.9M Q2 2026

Holdings 119 stocks · $287.8M
NVDA Nvidia Corp. 4.49% 69,198 $12.9M Add +3.8%
AAPL Apple Inc. 4.17% 47,087 $12.0M Add +3.0%
GOOGL Alphabet Inc. Class A 3.95% 46,810 $11.4M Reduce -2.9%
XLK SS Technology Select Sector 3.76% 38,368 $10.8M Add +5.0%
MSFT Microsoft Corp. 3.74% 20,785 $10.8M Add +1.9%
HYGV NT HY Val-SCRD BD ETF 3.47% 242,210 $10.0M Add +4.1%
NFRA NT GLBL BRD Infra ETF 3.46% 158,123 $9.9M Add +13.4%
AMZN Amazon.com Inc. 3.09% 40,530 $8.9M Add +9.2%
JPM JPMorgan Chase & Co. 3.08% 28,104 $8.9M Add +0.3%
GUNR NT Mstar GLBL NR ETF 2.70% 177,179 $7.8M Add +2.8%
KO The Coca-Cola Co. 2.13% 92,483 $6.1M Add +1.4%
IVW iShares S&P 500 Growth ETF 2.11% 50,184 $6.1M Reduce -3.7%
COST Costco Wholesale Corp. 1.96% 6,094 $5.6M Add +4.2%
SCHD Schwab US DVD Equity ETF 1.92% 202,548 $5.5M Add +3.5%
META Meta Platforms Inc. Class A 1.84% 7,223 $5.3M Add +5.3%
SO The Southern Co. 1.83% 55,491 $5.3M Reduce -0.9%
IJH iShares Core S&P Midcap ETF 1.78% 78,642 $5.1M Add +3.5%
MA Mastercard Inc. Class A 1.51% 7,652 $4.4M Add +8.2%
ORCL Oracle Corp. 1.44% 14,705 $4.1M Reduce -2.2%
ABT Abbott Laboratories 1.43% 30,671 $4.1M Add +5.8%
IJR iShares Core S&P Small-Cap E 1.41% 34,071 $4.0M Add +3.6%
VTV Vanguard Mrngstr Val ETF-Aui 1.38% 21,343 $4.0M Reduce -0.4%
NSC Norfolk Southern Corp. 1.16% 11,106 $3.3M Add +5.4%
QLV NT US Qual Lowvol ETF 1.13% 45,112 $3.2M Reduce -2.8%
LOW Lowe's Cos Inc. 1.12% 12,817 $3.2M Add +5.7%
XLE SS Energy Select Sector 1.09% 35,080 $3.1M Reduce -2.1%
PANW Palo Alto Networks Inc. 1.02% 14,438 $2.9M Add +0.6%
TFC Truist Financial Corp. 0.99% 62,368 $2.9M Reduce -10.3%
CRM Salesforce Inc. 0.96% 11,620 $2.8M Add +13.9%
XLV SS Health Care Select Sector 0.92% 19,118 $2.7M Add +0.0%
GD General Dynamics Corp. 0.92% 7,765 $2.6M Reduce -1.7%
AMD Advanced Micro Devices 0.90% 16,002 $2.6M Add +20.7%
XOM Exxon Mobil Corp. 0.90% 22,855 $2.6M Add +4.7%
BRK.B Berkshire Hathaway Inc. Class B 0.89% 5,084 $2.6M Reduce -5.9%
PG The Procter & Gamble Co. 0.87% 16,347 $2.5M Add +5.4%
BX Blackstone Inc. 0.87% 14,575 $2.5M Add +7.7%
MCD McDonald's Corp. 0.86% 8,141 $2.5M Add +0.5%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.84% 16,822 $2.4M Add +3.2%
JNJ Johnson & Johnson 0.83% 12,920 $2.4M Add +5.0%
COR Cencora Inc. 0.80% 7,339 $2.3M Add +4.4%
CSCO Cisco Systems Inc. 0.79% 33,088 $2.3M Add +13.2%
HON Honeywell International Inc. 0.76% 10,426 $2.2M Add +12.8%
CAT Caterpillar Inc. 0.75% 4,537 $2.2M Add +11.1%
LLY Eli Lilly & Co. 0.74% 2,809 $2.1M Reduce -1.9%
RTX RTX Corp. 0.69% 11,848 $2.0M Add +16.1%
ICE Intercontinental Exchange Inc. 0.67% 11,474 $1.9M Add +5.8%
CMG Chipotle Mexican Grill Inc. 0.67% 49,282 $1.9M Add +15.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.65% 16,455 $1.9M Add +7.0%
VNQ Vanguard Real Estate ETF 0.64% 20,254 $1.9M Reduce -58.2%
XLRE SS Real Estate Select Sector 0.62% 42,137 $1.8M New
CVX Chevron Corp. 0.62% 11,428 $1.8M Add +3.1%
MDLZ Mondelez International Inc. Class A 0.59% 27,260 $1.7M Add +3.8%
HD Home Depot Inc. 0.59% 4,184 $1.7M Reduce -3.1%
DD Dupont DE Nemours Inc. 0.57% 21,204 $1.7M Add +12.7%
GSK GSK PLC-Spon ADR 0.57% 38,055 $1.6M Add +7.9%
ETN Eaton Corp. PLC 0.55% 4,246 $1.6M Add +9.9%
ADBE Adobe Inc. 0.55% 4,494 $1.6M Add +19.1%
ADI Analog Devices Inc. 0.55% 6,431 $1.6M Add +1.7%
NOW ServiceNow Inc. 0.55% 1,710 $1.6M Add +12.6%
SCHW Schwab (charles) Corp. 0.55% 16,483 $1.6M Add +2.7%
PFE Pfizer Inc. 0.54% 60,741 $1.5M Add +4.6%
C Citigroup Inc. 0.52% 14,815 $1.5M Add +29.8%
PYPL PayPal Holdings Inc. 0.50% 21,538 $1.4M Add +23.9%
NFLX Netflix Inc. 0.48% 1,151 $1.4M Add +385.6%
CMCSA Comcast Corp. Class A 0.48% 43,857 $1.4M Add +3.9%
NEE Nextera Energy Inc. 0.47% 17,777 $1.3M Add +14.0%
NKE Nike Inc. Class B 0.46% 18,896 $1.3M Add +10.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.46% 4,655 $1.3M Reduce -6.1%
MRSH Marsh & McLennan Cos 0.46% 6,512 $1.3M Add +2.9%
ZBH Zimmer Biomet Holdings Inc. 0.44% 12,905 $1.3M Add +8.5%
CARR Carrier Global Corp. 0.44% 20,996 $1.3M Add +23.6%
AMT American Tower Corp. 0.43% 6,409 $1.2M Reduce -1.2%
BMY Bristol-Myers Squibb Co. 0.42% 26,778 $1.2M Add +6.5%
ACN Accenture PLC Class A 0.40% 4,677 $1.2M Add +28.5%
BDX Becton Dickinson and Co. 0.36% 5,528 $1.0M Add +7.4%
GLD SPDR Gold Shares 0.35% 2,841 $1.0M No change
T AT&T Inc. 0.34% 34,956 $987K Reduce -4.2%
KKR KKR & Co. Inc. 0.34% 7,515 $977K Add +30.1%
DE Deere & Co. 0.31% 1,922 $879K Reduce -12.1%
INTU Intuit Inc. 0.30% 1,263 $863K Add +35.5%
QQQ Invesco QQQ Trust Series 1 0.29% 1,403 $842K No change
SDY SS SPDR S&P Dividend ETF 0.27% 5,496 $770K Reduce -2.2%
DUK Duke Energy Corp. 0.26% 6,143 $760K Add +0.1%
WMT Walmart Inc. 0.26% 7,189 $741K No change
IVV iShares Core S&P 500 ETF 0.25% 1,079 $722K No change
XLI SS Industrial Select Sector 0.22% 4,155 $641K Reduce -3.1%
GNR State Street SPDR S&P Global 0.22% 10,668 $632K No change
ACHR Archer Aviation Inc. Class A 0.21% 63,296 $606K Add +60.8%
TSLA Tesla Inc. 0.20% 1,314 $584K Reduce -11.2%
BLK BlackRock Inc. 0.16% 406 $473K Reduce -22.7%
IDXX Idexx Laboratories Inc. 0.16% 700 $447K No change
PNC PNC Financial Services Group 0.15% 2,170 $436K Reduce -6.3%
V Visa Inc. Class A 0.15% 1,277 $436K No change
VZ Verizon Communications Inc. 0.15% 9,747 $428K Add +24.3%
GPN Global Payments Inc. 0.13% 4,444 $369K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.12% 525 $350K Reduce -3.9%
FDL First Trust Morn DVD Lead Inc. 0.12% 7,665 $333K Reduce -1.4%
INTC Intel Corp. 0.11% 9,730 $326K Add +6.4%
MO Altria Group Inc. 0.11% 4,895 $323K Add +1.4%
MU Micron Technology Inc. 0.11% 1,914 $320K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.11% 659 $316K New
VOO Vanguard S&P 500 ETF 0.10% 474 $290K Add +1.9%
AGG iShares Core U.S. Aggregate 0.10% 2,801 $281K Add +0.4%
RF Regions Financial Corp. 0.10% 10,448 $276K No change
WFC Wells Fargo & Co. 0.09% 3,231 $271K Reduce -1.9%
AFL Aflac Inc. 0.09% 2,424 $271K No change
CDW CDW Corp. 0.09% 1,632 $260K Reduce -36.9%
MCHP Microchip Technology Inc. 0.09% 4,011 $258K Reduce -4.8%
ABBV Abbvie Inc. 0.09% 1,099 $254K Reduce -21.4%
DAL Delta Air Lines Inc. 0.09% 4,397 $250K No change
AVGO Broadcom Inc. 0.08% 738 $243K New
FDX FedEx Corp. 0.08% 1,004 $237K Reduce -47.6%
PEP Pepsico Inc. 0.08% 1,652 $232K Add +6.4%
PM Philip Morris International 0.08% 1,372 $223K No change
ED Consolidated Edison Inc. 0.08% 2,184 $220K No change
ALL Allstate Corp. 0.07% 980 $210K New
PMM Franklin Managed Municipal I 0.03% 14,400 $87K No change
OXSQ Oxford Square Capital Corp. 0.01% 17,518 $28K No change
SENS Senseonics Holdings Inc. 0.00% 24,000 $10K No change

Portfolio Sells Q2 2025 → Q3 2025
VNQ Vanguard Real Estate ETF Reduce -58.2% 0.64% −1.01
TFC Truist Financial Corp. Reduce -10.3% 0.99% −0.15
SO The Southern Co. Reduce -0.9% 1.83% −0.14
AMT American Tower Corp. Reduce -1.2% 0.43% −0.12
DE Deere & Co. Reduce -12.1% 0.31% −0.12
BRK.B Berkshire Hathaway Inc. Class B Reduce -5.9% 0.89% −0.12
LLY Eli Lilly & Co. Reduce -1.9% 0.74% −0.11
IBM Intl Business Machines Corp. Reduce -6.1% 0.46% −0.10
IVW iShares S&P 500 Growth ETF Reduce -3.7% 2.11% −0.09
CDW CDW Corp. Reduce -36.9% 0.09% −0.09
FDX FedEx Corp. Reduce -47.6% 0.08% −0.08
QLV NT US Qual Lowvol ETF Reduce -2.8% 1.13% −0.08
XLE SS Energy Select Sector Reduce -2.1% 1.09% −0.07
VTV Vanguard Mrngstr Val ETF-Aui Reduce -0.4% 1.38% −0.07
T AT&T Inc. Reduce -4.2% 0.34% −0.06
BLK BlackRock Inc. Reduce -22.7% 0.16% −0.05
AUR Aurora Innovation Inc. Sold out 0.00% −0.03
SDY SS SPDR S&P Dividend ETF Reduce -2.2% 0.27% −0.02
MCHP Microchip Technology Inc. Reduce -4.8% 0.09% −0.02
XLI SS Industrial Select Sector Reduce -3.1% 0.22% −0.02
HD Home Depot Inc. Reduce -3.1% 0.59% −0.02
PNC PNC Financial Services Group Reduce -6.3% 0.15% −0.01
ABBV Abbvie Inc. Reduce -21.4% 0.09% −0.01
FDL First Trust Morn DVD Lead Inc. Reduce -1.4% 0.12% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Reduce -3.9% 0.12% −0.01
WFC Wells Fargo & Co. Reduce -1.9% 0.09% −0.01
TSLA Tesla Inc. Reduce -11.2% 0.20% +0.02
GD General Dynamics Corp. Reduce -1.7% 0.92% +0.04
ORCL Oracle Corp. Reduce -2.2% 1.44% +0.18
GOOGL Alphabet Inc. Class A Reduce -2.9% 3.95% +0.70

Portfolio Buys Q2 2025 → Q3 2025
XLRE SS Real Estate Select Sector New 0.62% +0.62
AAPL Apple Inc. Add +3.0% 4.17% +0.58
NVDA Nvidia Corp. Add +3.8% 4.49% +0.45
NFLX Netflix Inc. Add +385.6% 0.48% +0.36
XLK SS Technology Select Sector Add +5.0% 3.76% +0.22
AMD Advanced Micro Devices Add +20.7% 0.90% +0.18
NFRA NT GLBL BRD Infra ETF Add +13.4% 3.46% +0.16
C Citigroup Inc. Add +29.8% 0.52% +0.15
CAT Caterpillar Inc. Add +11.1% 0.75% +0.15
NSC Norfolk Southern Corp. Add +5.4% 1.16% +0.13
RTX RTX Corp. Add +16.1% 0.69% +0.12
JNJ Johnson & Johnson Add +5.0% 0.83% +0.11
VUG Vanguard Mrngstar GR ETF-Sui New 0.11% +0.11
BX Blackstone Inc. Add +7.7% 0.87% +0.09
LOW Lowe's Cos Inc. Add +5.7% 1.12% +0.09
AVGO Broadcom Inc. New 0.08% +0.08
DD Dupont DE Nemours Inc. Add +12.7% 0.57% +0.08
TJX TJX Companies Inc. Add +3.2% 0.84% +0.07
ALL Allstate Corp. New 0.07% +0.07
GSK GSK PLC-Spon ADR Add +7.9% 0.57% +0.05
NEE Nextera Energy Inc. Add +14.0% 0.47% +0.05
GUNR NT Mstar GLBL NR ETF Add +2.8% 2.70% +0.05
ACHR Archer Aviation Inc. Class A Add +60.8% 0.21% +0.05
KKR KKR & Co. Inc. Add +30.1% 0.34% +0.05
INTC Intel Corp. Add +6.4% 0.11% +0.04
IJR iShares Core S&P Small-Cap E Add +3.6% 1.41% +0.03
ZBH Zimmer Biomet Holdings Inc. Add +8.5% 0.44% +0.03
ETN Eaton Corp. PLC Add +9.9% 0.55% +0.02
BDX Becton Dickinson and Co. Add +7.4% 0.36% +0.02
VZ Verizon Communications Inc. Add +24.3% 0.15% +0.02
INTU Intuit Inc. Add +35.5% 0.30% +0.02
CSCO Cisco Systems Inc. Add +13.2% 0.79% +0.01
CVX Chevron Corp. Add +3.1% 0.62% +0.01
PYPL PayPal Holdings Inc. Add +23.9% 0.50% +0.01
MO Altria Group Inc. Add +1.4% 0.11% +0.00
PEP Pepsico Inc. Add +6.4% 0.08% +0.00
VOO Vanguard S&P 500 ETF Add +1.9% 0.10% −0.00
PFE Pfizer Inc. Add +4.6% 0.54% −0.00
XOM Exxon Mobil Corp. Add +4.7% 0.90% −0.00
NKE Nike Inc. Class B Add +10.7% 0.46% −0.01
ADBE Adobe Inc. Add +19.1% 0.55% −0.01
AGG iShares Core U.S. Aggregate Add +0.4% 0.10% −0.01
MA Mastercard Inc. Class A Add +8.2% 1.51% −0.01
COR Cencora Inc. Add +4.4% 0.80% −0.01
DUK Duke Energy Corp. Add +0.1% 0.26% −0.01
SCHW Schwab (charles) Corp. Add +2.7% 0.55% −0.01
ACN Accenture PLC Class A Add +28.5% 0.40% −0.02
IJH iShares Core S&P Midcap ETF Add +3.5% 1.78% −0.02
AMZN Amazon.com Inc. Add +9.2% 3.09% −0.02
BMY Bristol-Myers Squibb Co. Add +6.5% 0.42% −0.03

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