United Bank

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 5, 2026), United Bank reported 124 stock positions worth $294.9 million. Its top holding was Alphabet Class A (GOOGL) at 4.8% of the portfolio, followed by Apple (AAPL, 4.3%) and Nvidia (NVDA, 4.0%). Compared with Q3 2025, it opened 9 new positions, sold out of 4, added to 53 and reduced 50. The biggest buy was SS Real Estate Select Sector (XLRE, shares +113%) and the biggest sale an exit from Vanguard Real Estate ETF (VNQ).

Most Recent 13F
Q2 2026
Location
Zebulon, GA
CIK
0001697791
Portfolio Value
$294.9M (Q4 2025)
SEC Filing
0001420506-26-000177 ↗ filed Feb 5, 2026

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 Q3 2025 Q4 2025: $294.9M $294.9M Q4 2025 Q1 2026: $300.6M Q1 2026 Q2 2026: $328.9M Q2 2026

Holdings 124 stocks · $294.9M
GOOGL Alphabet Inc. Class A 4.77% 44,903 $14.1M Reduce -4.1%
AAPL Apple Inc. 4.26% 46,256 $12.6M Reduce -1.8%
NVDA Nvidia Corp. 3.95% 62,484 $11.7M Reduce -9.7%
XLK SS Technology Select Sector 3.91% 80,107 $11.5M Add +4.4%
MSFT Microsoft Corp. 3.58% 21,813 $10.5M Add +5.0%
NFRA NT GLBL BRD Infra ETF 3.48% 169,510 $10.3M Add +7.2%
AMZN Amazon.com Inc. 3.28% 41,890 $9.7M Add +3.4%
HYGV NT HY Val-SCRD BD ETF 3.26% 236,150 $9.6M Reduce -2.5%
JPM JPMorgan Chase & Co. 3.08% 28,235 $9.1M Add +0.5%
GUNR NT Mstar GLBL NR ETF 2.73% 175,309 $8.0M Reduce -1.1%
KO The Coca-Cola Co. 2.19% 92,390 $6.5M Reduce -0.1%
IVW iShares S&P 500 Growth ETF 1.99% 47,602 $5.9M Reduce -5.2%
SCHD Schwab US DVD Equity ETF 1.95% 210,092 $5.8M Add +3.7%
IJH iShares Core S&P Midcap ETF 1.92% 85,873 $5.7M Add +9.2%
COST Costco Wholesale Corp. 1.66% 5,670 $4.9M Reduce -7.0%
SO The Southern Co. 1.64% 55,311 $4.8M Reduce -0.3%
META Meta Platforms Inc. Class A 1.59% 7,113 $4.7M Reduce -1.5%
MA Mastercard Inc. Class A 1.51% 7,787 $4.4M Add +1.8%
VTV Vanguard Mrngstr Val ETF-Aui 1.37% 21,094 $4.0M Reduce -1.2%
IJR iShares Core S&P Small-Cap E 1.35% 33,167 $4.0M Reduce -2.6%
ABT Abbott Laboratories 1.35% 31,805 $4.0M Add +3.7%
XLRE SS Real Estate Select Sector 1.23% 89,953 $3.6M Add +113.5%
NSC Norfolk Southern Corp. 1.13% 11,576 $3.3M Add +4.2%
CRM Salesforce Inc. 1.07% 11,950 $3.2M Add +2.8%
AMD Advanced Micro Devices 1.06% 14,667 $3.1M Reduce -8.3%
XLE SS Energy Select Sector 1.05% 68,997 $3.1M Reduce -1.7%
QLV NT US Qual Lowvol ETF 1.04% 42,661 $3.1M Reduce -5.4%
ORCL Oracle Corp. 1.04% 15,730 $3.1M Add +7.0%
TFC Truist Financial Corp. 1.02% 61,362 $3.0M Reduce -1.6%
LLY Eli Lilly & Co. 1.02% 2,791 $3.0M Reduce -0.6%
LOW Lowe's Cos Inc. 1.00% 12,279 $3.0M Reduce -4.2%
XOM Exxon Mobil Corp. 0.97% 23,781 $2.9M Add +4.0%
BRK.B Berkshire Hathaway Inc. Class B 0.91% 5,344 $2.7M Add +5.1%
CAT Caterpillar Inc. 0.90% 4,651 $2.7M Add +2.5%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.90% 17,276 $2.7M Add +2.7%
JNJ Johnson & Johnson 0.90% 12,805 $2.6M Reduce -0.9%
CSCO Cisco Systems Inc. 0.89% 34,022 $2.6M Add +2.8%
GD General Dynamics Corp. 0.88% 7,700 $2.6M Reduce -0.8%
MCD McDonald's Corp. 0.87% 8,370 $2.6M Add +2.8%
COR Cencora Inc. 0.84% 7,344 $2.5M Add +0.1%
PG The Procter & Gamble Co. 0.81% 16,640 $2.4M Add +1.8%
PANW Palo Alto Networks Inc. 0.79% 12,705 $2.3M Reduce -12.0%
RTX RTX Corp. 0.79% 12,741 $2.3M Add +7.5%
BX Blackstone Inc. 0.78% 14,969 $2.3M Add +2.7%
HON Honeywell International Inc. 0.70% 10,511 $2.1M Add +0.8%
ADI Analog Devices Inc. 0.69% 7,486 $2.0M Add +16.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.69% 17,757 $2.0M Add +7.9%
XLV SS Health Care Select Sector 0.67% 12,774 $2.0M Reduce -33.2%
ICE Intercontinental Exchange Inc. 0.63% 11,530 $1.9M Add +0.5%
C Citigroup Inc. 0.63% 15,852 $1.8M Add +7.0%
GSK GSK PLC-Spon ADR 0.62% 37,336 $1.8M Reduce -1.9%
NFLX Netflix Inc. 0.61% 19,252 $1.8M Add +67.3%
CVX Chevron Corp. 0.59% 11,458 $1.7M Add +0.3%
SCHW Schwab (charles) Corp. 0.56% 16,509 $1.6M Add +0.2%
AVGO Broadcom Inc. 0.52% 4,458 $1.5M Add +504.1%
BMY Bristol-Myers Squibb Co. 0.52% 28,596 $1.5M Add +6.8%
PFE Pfizer Inc. 0.51% 60,557 $1.5M Reduce -0.3%
NEE Nextera Energy Inc. 0.51% 18,577 $1.5M Add +4.5%
ACHR Archer Aviation Inc. Class A 0.45% 176,664 $1.3M Add +179.1%
ACN Accenture PLC Class A 0.44% 4,888 $1.3M Add +4.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.44% 4,360 $1.3M Reduce -6.3%
ADBE Adobe Inc. 0.43% 3,609 $1.3M Reduce -19.7%
HD Home Depot Inc. 0.43% 3,664 $1.3M Reduce -12.4%
ETN Eaton Corp. PLC 0.43% 3,945 $1.3M Reduce -7.1%
ZBH Zimmer Biomet Holdings Inc. 0.43% 13,967 $1.3M Add +8.2%
KKR KKR & Co. Inc. 0.42% 9,769 $1.2M Add +30.0%
MDLZ Mondelez International Inc. Class A 0.42% 23,081 $1.2M Reduce -15.3%
MRSH Marsh & McLennan Cos 0.42% 6,633 $1.2M Add +1.9%
NOW ServiceNow Inc. 0.40% 7,727 $1.2M Reduce -9.6%
PYPL PayPal Holdings Inc. 0.39% 19,880 $1.2M Reduce -7.7%
GLD SPDR Gold Shares 0.38% 2,841 $1.1M No change
AMT American Tower Corp. 0.37% 6,276 $1.1M Reduce -2.1%
INTU Intuit Inc. 0.37% 1,647 $1.1M Add +30.4%
NKE Nike Inc. Class B 0.37% 16,995 $1.1M Reduce -10.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.37% 1,581 $1.1M Add +201.1%
IVV iShares Core S&P 500 ETF 0.35% 1,516 $1.0M Add +40.5%
BDX Becton Dickinson and Co. 0.32% 4,859 $943K Reduce -12.1%
QQQ Invesco QQQ Trust Series 1 0.30% 1,453 $893K Add +3.6%
DE Deere & Co. 0.30% 1,903 $886K Reduce -1.0%
WMT Walmart Inc. 0.28% 7,533 $839K Add +4.8%
T AT&T Inc. 0.28% 33,770 $839K Reduce -3.4%
MDT Medtronic PLC 0.27% 8,337 $801K New
SDY SS SPDR S&P Dividend ETF 0.26% 5,495 $765K Reduce -0.0%
EMR Emerson Electric Co. 0.25% 5,466 $725K New
BA The Boeing Co. 0.24% 3,321 $721K New
DUK Duke Energy Corp. 0.24% 6,089 $714K Reduce -0.9%
DD Dupont DE Nemours Inc. 0.23% 16,829 $677K Reduce -20.6%
CMG Chipotle Mexican Grill Inc. 0.23% 18,211 $674K Reduce -63.0%
GNR State Street SPDR S&P Global 0.22% 10,668 $663K No change
XLI SS Industrial Select Sector 0.22% 4,229 $656K Add +1.8%
FCX Freeport-McMoran Inc. 0.22% 12,727 $646K New
TSLA Tesla Inc. 0.20% 1,314 $591K No change
YUM Yum! Brands Inc. 0.20% 3,859 $584K New
AGG iShares Core U.S. Aggregate 0.20% 5,793 $579K Add +106.8%
MU Micron Technology Inc. 0.19% 1,914 $546K No change
IDXX Idexx Laboratories Inc. 0.16% 700 $474K No change
VZ Verizon Communications Inc. 0.15% 11,075 $451K Add +13.6%
PNC PNC Financial Services Group 0.15% 2,161 $451K Reduce -0.4%
V Visa Inc. Class A 0.15% 1,277 $448K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.12% 753 $367K Add +14.3%
INTC Intel Corp. 0.12% 9,730 $359K No change
GPN Global Payments Inc. 0.12% 4,444 $344K No change
BLK BlackRock Inc. 0.11% 316 $338K Reduce -22.2%
FDL First Trust Morn DVD Lead Inc. 0.11% 7,572 $336K Reduce -1.2%
CMCSA Comcast Corp. Class A 0.11% 11,010 $329K Reduce -74.9%
VOO Vanguard S&P 500 ETF 0.11% 524 $329K Add +10.6%
ABBV Abbvie Inc. 0.10% 1,353 $309K Add +23.1%
DAL Delta Air Lines Inc. 0.10% 4,314 $299K Reduce -1.9%
MO Altria Group Inc. 0.10% 5,170 $298K Add +5.6%
RF Regions Financial Corp. 0.10% 10,448 $283K No change
WFC Wells Fargo & Co. 0.10% 3,026 $282K Reduce -6.3%
CARR Carrier Global Corp. 0.09% 5,118 $270K Reduce -75.6%
AFL Aflac Inc. 0.09% 2,424 $267K No change
PEP Pepsico Inc. 0.08% 1,717 $246K Add +3.9%
SRFM Surf Air Mobility Inc. 0.08% 125,000 $243K New
IWF iShares Russell 1000 Growth 0.08% 487 $230K New
PM Philip Morris International 0.07% 1,372 $220K No change
ED Consolidated Edison Inc. 0.07% 2,184 $217K No change
MRK Merck & Co. Inc. 0.07% 2,046 $215K New
FDX FedEx Corp. 0.07% 736 $213K Reduce -26.7%
ALL Allstate Corp. 0.07% 991 $206K Add +1.1%
CCL Carnival Corp. 0.07% 6,647 $203K New
MCHP Microchip Technology Inc. 0.07% 3,161 $201K Reduce -21.2%
OXSQ Oxford Square Capital Corp. 0.01% 15,420 $27K Reduce -12.0%

Portfolio Sells Q3 2025 → Q4 2025
VNQ Vanguard Real Estate ETF Sold out 0.00% −0.64
NVDA Nvidia Corp. Reduce -9.7% 3.95% −0.54
CMG Chipotle Mexican Grill Inc. Reduce -63.0% 0.23% −0.44
CMCSA Comcast Corp. Class A Reduce -74.9% 0.11% −0.37
DD Dupont DE Nemours Inc. Reduce -20.6% 0.23% −0.34
CARR Carrier Global Corp. Reduce -75.6% 0.09% −0.34
COST Costco Wholesale Corp. Reduce -7.0% 1.66% −0.30
XLV SS Health Care Select Sector Reduce -33.2% 0.67% −0.25
META Meta Platforms Inc. Class A Reduce -1.5% 1.59% −0.25
PANW Palo Alto Networks Inc. Reduce -12.0% 0.79% −0.23
HYGV NT HY Val-SCRD BD ETF Reduce -2.5% 3.26% −0.21
SO The Southern Co. Reduce -0.3% 1.64% −0.19
MDLZ Mondelez International Inc. Class A Reduce -15.3% 0.42% −0.17
HD Home Depot Inc. Reduce -12.4% 0.43% −0.16
NOW ServiceNow Inc. Reduce -9.6% 0.40% −0.15
ETN Eaton Corp. PLC Reduce -7.1% 0.43% −0.13
ADBE Adobe Inc. Reduce -19.7% 0.43% −0.12
IVW iShares S&P 500 Growth ETF Reduce -5.2% 1.99% −0.12
LOW Lowe's Cos Inc. Reduce -4.2% 1.00% −0.12
PYPL PayPal Holdings Inc. Reduce -7.7% 0.39% −0.11
NKE Nike Inc. Class B Reduce -10.1% 0.37% −0.09
CDW CDW Corp. Sold out 0.00% −0.09
QLV NT US Qual Lowvol ETF Reduce -5.4% 1.04% −0.09
T AT&T Inc. Reduce -3.4% 0.28% −0.06
IJR iShares Core S&P Small-Cap E Reduce -2.6% 1.35% −0.06
AMT American Tower Corp. Reduce -2.1% 0.37% −0.05
BLK BlackRock Inc. Reduce -22.2% 0.11% −0.05
XLE SS Energy Select Sector Reduce -1.7% 1.05% −0.04
GD General Dynamics Corp. Reduce -0.8% 0.88% −0.04
BDX Becton Dickinson and Co. Reduce -12.1% 0.32% −0.04
PMM Franklin Managed Municipal I Sold out 0.00% −0.03
PFE Pfizer Inc. Reduce -0.3% 0.51% −0.03
DUK Duke Energy Corp. Reduce -0.9% 0.24% −0.02
MCHP Microchip Technology Inc. Reduce -21.2% 0.07% −0.02
IBM Intl Business Machines Corp. Reduce -6.3% 0.44% −0.02
VTV Vanguard Mrngstr Val ETF-Aui Reduce -1.2% 1.37% −0.02
FDX FedEx Corp. Reduce -26.7% 0.07% −0.01
SDY SS SPDR S&P Dividend ETF Reduce -0.0% 0.26% −0.01
DE Deere & Co. Reduce -1.0% 0.30% −0.01
SENS Senseonics Holdings Inc. Sold out 0.00% −0.00
FDL First Trust Morn DVD Lead Inc. Reduce -1.2% 0.11% −0.00
OXSQ Oxford Square Capital Corp. Reduce -12.0% 0.01% −0.00
PNC PNC Financial Services Group Reduce -0.4% 0.15% +0.00
WFC Wells Fargo & Co. Reduce -6.3% 0.10% +0.00
DAL Delta Air Lines Inc. Reduce -1.9% 0.10% +0.01
GUNR NT Mstar GLBL NR ETF Reduce -1.1% 2.73% +0.03
TFC Truist Financial Corp. Reduce -1.6% 1.02% +0.03
GSK GSK PLC-Spon ADR Reduce -1.9% 0.62% +0.05
KO The Coca-Cola Co. Reduce -0.1% 2.19% +0.06
JNJ Johnson & Johnson Reduce -0.9% 0.90% +0.07

Portfolio Buys Q3 2025 → Q4 2025
XLRE SS Real Estate Select Sector Add +113.5% 1.23% +0.61
AVGO Broadcom Inc. Add +504.1% 0.52% +0.44
MDT Medtronic PLC New 0.27% +0.27
EMR Emerson Electric Co. New 0.25% +0.25
BA The Boeing Co. New 0.24% +0.24
SPY SS SPDR S&P 500 ETF Trust-US Add +201.1% 0.37% +0.24
ACHR Archer Aviation Inc. Class A Add +179.1% 0.45% +0.24
FCX Freeport-McMoran Inc. New 0.22% +0.22
YUM Yum! Brands Inc. New 0.20% +0.20
AMZN Amazon.com Inc. Add +3.4% 3.28% +0.19
XLK SS Technology Select Sector Add +4.4% 3.91% +0.15
CAT Caterpillar Inc. Add +2.5% 0.90% +0.15
ADI Analog Devices Inc. Add +16.4% 0.69% +0.14
IJH iShares Core S&P Midcap ETF Add +9.2% 1.92% +0.14
NFLX Netflix Inc. Add +67.3% 0.61% +0.13
CRM Salesforce Inc. Add +2.8% 1.07% +0.12
C Citigroup Inc. Add +7.0% 0.63% +0.10
BMY Bristol-Myers Squibb Co. Add +6.8% 0.52% +0.10
RTX RTX Corp. Add +7.5% 0.79% +0.10
CSCO Cisco Systems Inc. Add +2.8% 0.89% +0.10
IVV iShares Core S&P 500 ETF Add +40.5% 0.35% +0.10
AGG iShares Core U.S. Aggregate Add +106.8% 0.20% +0.10
KKR KKR & Co. Inc. Add +30.0% 0.42% +0.08
SRFM Surf Air Mobility Inc. New 0.08% +0.08
IWF iShares Russell 1000 Growth New 0.08% +0.08
XOM Exxon Mobil Corp. Add +4.0% 0.97% +0.07
MRK Merck & Co. Inc. New 0.07% +0.07
INTU Intuit Inc. Add +30.4% 0.37% +0.07
CCL Carnival Corp. New 0.07% +0.07
TJX TJX Companies Inc. Add +2.7% 0.90% +0.05
COR Cencora Inc. Add +0.1% 0.84% +0.04
ACN Accenture PLC Class A Add +4.5% 0.44% +0.04
NEE Nextera Energy Inc. Add +4.5% 0.51% +0.04
SCHD Schwab US DVD Equity ETF Add +3.7% 1.95% +0.03
DIS The Walt Disney Co. Add +7.9% 0.69% +0.03
WMT Walmart Inc. Add +4.8% 0.28% +0.03
BRK.B Berkshire Hathaway Inc. Class B Add +5.1% 0.91% +0.02
NFRA NT GLBL BRD Infra ETF Add +7.2% 3.48% +0.02
ABBV Abbvie Inc. Add +23.1% 0.10% +0.02
VUG Vanguard Mrngstar GR ETF-Sui Add +14.3% 0.12% +0.01
SCHW Schwab (charles) Corp. Add +0.2% 0.56% +0.01
VOO Vanguard S&P 500 ETF Add +10.6% 0.11% +0.01
QQQ Invesco QQQ Trust Series 1 Add +3.6% 0.30% +0.01
MCD McDonald's Corp. Add +2.8% 0.87% +0.01
JPM JPMorgan Chase & Co. Add +0.5% 3.08% +0.00
VZ Verizon Communications Inc. Add +13.6% 0.15% +0.00
PEP Pepsico Inc. Add +3.9% 0.08% +0.00
XLI SS Industrial Select Sector Add +1.8% 0.22% −0.00
ALL Allstate Corp. Add +1.1% 0.07% −0.00
MA Mastercard Inc. Class A Add +1.8% 1.51% −0.01

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