1y return+19.9%S&P 500 +20.9%
3y return+48.5%S&P 500 +68.5%
5y return+36.6%S&P 500 +74.5%
10y return+130.2%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $230 against $357 in the S&P 500.2
AMG National Trust BankS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| SPYState Str Spdr S&p 500 Etf T | $429.8M | 8.8% | −9.8% |
| IWRIshares Tr | $426.9M | 8.8% | |
| IWMIshares Tr | $247.3M | 5.1% | −4.3% |
| VOOVanguard Index Fds | $237.4M | 4.9% | +1.3% |
| IXUSIshares Tr | $171.8M | 3.5% | +4.5% |
| CVGDElevation Series Trust | $119.1M | 2.5% | New |
| BNDVanguard Bd Index Fds | $113.0M | 2.3% | −2.8% |
| VTIVanguard Index Fds | $104.8M | 2.2% | −2.5% |
| AAPLApple Inc | $97.7M | 2.0% | −14.8% |
| IWBIshares Tr | $96.8M | 2.0% | −9.2% |
| IVVIshares Tr | $96.2M | 2.0% | −21.9% |
| LOWLowes Cos Inc | $95.7M | 2.0% | −1.2% |
| CVSMElevation Series Trust | $91.7M | 1.9% | New |
| IEFAIshares Tr | $90.2M | 1.9% | −2.4% |
| VXUSVanguard Star Fds | $85.9M | 1.8% | +6.9% |
| BALLBall Corp | $76.4M | 1.6% | +4.7% |
| VTWOVanguard Scottsdale Fds | $76.4M | 1.6% | +17.0% |
| EFAIshares Tr | $72.2M | 1.5% | −8.3% |
| ICVTIshares Tr | $70.0M | 1.4% | +1.7% |
| VOVanguard Index Fds | $68.7M | 1.4% | +6.9% |
| QQQInvesco Qqq Tr | $62.9M | 1.3% | −3.5% |
| IWFIshares Tr | $62.4M | 1.3% | −3.7% |
| GNRSpdr Index Shs Fds | $52.3M | 1.1% | +8.4% |
| ACWXIshares Tr | $51.8M | 1.1% | −2.3% |
| IWNIshares Tr | $51.5M | 1.1% | −2.0% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $24.3M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $97.7M |
| QQQInvesco Qqq Tr | June 30, 2020 | +197.4% | $62.9M |
| BRK/ABerkshire Hathaway Inc Del | June 30, 2020 | +180.2% | $24.0M |
| IWFIshares Tr | June 30, 2020 | +158.7% | $62.4M |
| VOOVanguard Index Fds | June 30, 2020 | +142.3% | $237.4M |
| SPYState Str Spdr S&p 500 Etf T | June 30, 2020 | +142.2% | $429.8M |
| IVVIshares Tr | June 30, 2020 | +141.8% | $96.2M |
| IWBIshares Tr | June 30, 2020 | +138.5% | $96.8M |
| VTIVanguard Index Fds | June 30, 2020 | +136.4% | $104.8M |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $4.9M
- BABAAlibaba Group Hldg Ltd was $3.9M
- ZBHZimmer Biomet Holdings Inc was $3.4M
- DINOHf Sinclair Corp was $3.3M
- SHGShinhan Financial Group Co L was $3.2M
- HIIHuntington Ingalls Inds Inc was $3.0M
- BWABorgwarner Inc was $2.8M
- SNYSanofi Sa was $2.7M
- WLKWestlake Corporation was $2.7M
- OLNOlin Corp was $2.4M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +10.0% | +14.8% |
| March 31, 2026 | −0.5% | −4.6% |
| December 31, 2025 | +2.1% | +2.4% |
| September 30, 2025 | +7.2% | +7.8% |
| June 30, 2025 | +6.2% | +10.5% |
| March 31, 2025 | −2.2% | −4.6% |
| December 31, 2024 | −1.6% | +2.1% |
| September 30, 2024 | +7.9% | +5.4% |
| June 30, 2024 | −0.6% | +4.0% |
| March 31, 2024 | +7.2% | +10.0% |
| December 31, 2023 | +10.3% | +11.2% |
| September 30, 2023 | −4.4% | −3.6% |
| June 30, 2023 | +4.5% | +8.3% |
| March 31, 2023 | +4.2% | +7.0% |
| December 31, 2022 | +8.3% | +7.1% |
| September 30, 2022 | −7.1% | −5.3% |
| June 30, 2022 | −15.3% | −16.5% |
| March 31, 2022 | −5.9% | −4.9% |
| December 31, 2021 | +7.0% | +10.7% |
| September 30, 2021 | −1.6% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: AMG National Trust Bank Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1388829&type=13F-HR&dateb=&owner=include&count=40CIK 1388829
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1388829/000138882926000004/Filed August 7, 2026 · accession 0001388829-26-000004