1y return+18.1%S&P 500 +20.9%
3y return+54.4%S&P 500 +68.5%
5y return+55.7%S&P 500 +74.5%
10y return+176.2%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: $276 against $357 in the S&P 500.2
First National Trust CoS&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 |
|---|---|---|---|
| SPYGSpdr Series Trust | $138.5M | 4.7% | −1.3% |
| AAPLApple Inc | $130.5M | 4.4% | −17.9% |
| SPYVSpdr Series Trust | $115.4M | 3.9% | |
| IEFAIshares Tr | $100.9M | 3.4% | +1.4% |
| NVDANvidia Corporation | $93.8M | 3.2% | −14.1% |
| AVDEAmerican Centy Etf Tr | $90.1M | 3.1% | |
| GOOGLAlphabet Inc | $77.5M | 2.6% | −13.9% |
| MSFTMicrosoft Corp | $75.2M | 2.6% | −11.7% |
| GLDSpdr Gold Tr | $70.8M | 2.4% | −3.7% |
| AVGOBroadcom Inc | $59.6M | 2.0% | −8.4% |
| SPY1state Str Spdr S&p 500 Etf T | $59.0M | 2.0% | +1.2% |
| JPMJpmorgan Chase & Co | $51.0M | 1.7% | −11.8% |
| AMZNAmazon Com Inc | $49.0M | 1.7% | −10.7% |
| IJRIshares Tr | $47.2M | 1.6% | |
| JMTGJ P Morgan Exchange Traded F | $45.4M | 1.5% | +6.4% |
| MDYGSpdr Series Trust | $39.8M | 1.4% | |
| CATCaterpillar Inc | $37.3M | 1.3% | −14.6% |
| MDYVSpdr Series Trust | $37.1M | 1.3% | +2.1% |
| LLYEli Lilly & Co | $36.9M | 1.3% | −10.4% |
| TSPAT Rowe Price Exchange-traded | $34.9M | 1.2% | −3.0% |
| JNJJohnson & Johnson | $31.9M | 1.1% | −2.6% |
| CSCOCisco Sys Inc | $30.9M | 1.0% | −8.9% |
| SCHRSchwab Strategic Tr | $30.4M | 1.0% | −1.2% |
| VOOVanguard Index Fds | $29.3M | 1.0% | +7.7% |
| WMTWalmart Inc | $27.2M | 0.9% | −15.5% |
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 |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $93.8M |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $59.6M |
| CATCaterpillar Inc | June 30, 2020 | +741.8% | $37.3M |
| LLYEli Lilly & Co | June 30, 2020 | +630.6% | $36.9M |
| AMDAdvanced Micro Devices Inc | June 30, 2021 | +518.4% | $19.4M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $77.5M |
| JPMJpmorgan Chase & Co | June 30, 2020 | +248.0% | $51.0M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $130.5M |
| Exxon Mobil CorpCUSIP 30231G102 | June 30, 2020 | +205.7% | $24.7M |
| WMTWalmart Inc | June 30, 2020 | +183.7% | $27.2M |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $18.6M
- OWLBlue Owl Capital Inc was $4.5M
- BXSLBlackstone Secd Lending Fd was $4.4M
- BCSBarclays PLC was $4.2M
- Lyondellbasell Industries NvCUSIP N53745100 was $4.0M
- IMBBYImperial Brands PLC was $3.8M
- ARCCAres Capital Corp was $3.4M
- GBDCGolub Cap Bdc Inc was $3.3M
- BNSBank Nova Scotia B C was $3.1M
- GSBDGoldman Sachs Bdc Inc was $2.8M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +9.4% | +14.8% |
| March 31, 2026 | −1.9% | −4.6% |
| December 31, 2025 | +2.4% | +2.4% |
| September 30, 2025 | +7.5% | +7.8% |
| June 30, 2025 | +7.2% | +10.5% |
| March 31, 2025 | −2.6% | −4.6% |
| December 31, 2024 | +0.7% | +2.1% |
| September 30, 2024 | +6.1% | +5.4% |
| June 30, 2024 | +2.4% | +4.0% |
| March 31, 2024 | +8.5% | +10.0% |
| December 31, 2023 | +9.6% | +11.2% |
| September 30, 2023 | −3.8% | −3.6% |
| June 30, 2023 | +5.4% | +8.3% |
| March 31, 2023 | +4.3% | +7.0% |
| December 31, 2022 | +8.0% | +7.1% |
| September 30, 2022 | −5.4% | −5.3% |
| June 30, 2022 | −13.7% | −16.5% |
| March 31, 2022 | −3.8% | −4.9% |
| December 31, 2021 | +8.9% | +10.7% |
| September 30, 2021 | −0.8% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: First National Trust Co Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1277303&type=13F-HR&dateb=&owner=include&count=40CIK 1277303
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1277303/000119312526325220/Filed July 30, 2026 · accession 0001193125-26-325220