AMG National Trust Bank

Portfolio Overview

AMG National Trust Bank disclosed 444 positions worth $4.9B in its Form 13F-HR for Q2 2026 — $4.9B in common stock plus $17.0M of put/call option positions (reported at underlying notional value, not premium at risk), led by $SPY (SPDR S&P 500 ETF TRUST) at 8.8% of the equity portfolio. During the quarter the fund opened 36 new positions and exited 68 and a full exit from $BABA. The portfolio is most concentrated in Other (75.3% of disclosed assets). All figures are sourced directly from AMG National Trust Bank’s Form 13F-HR filing with the SEC under CIK 1388829.

• 

  SPDR S&P 500 ETF TRUST

  $SPY

  —

  Quality

  $429.8M575,530 sh

• ISHARES TR - RUS MID CAP ETF

  —

  Quality

  $426.9M3,869,983 sh

• ISHARES TR - RUSSELL 2000 ETF

  —

  Quality

  $247.3M823,139 sh

• VANGUARD INDEX FDS - S&P 500 ETF SHS

  —

  Quality

  $237.4M345,692 sh

• ISHARES TR - CORE MSCI TOTAL

  —

  Quality

  $171.8M1,799,901 sh

• ELEVATION SERIES TRUST - CRESALTA GLOBAL

  —

  Quality

  $119.1M4,781,409 sh

• VANGUARD BD INDEX FDS - TOTAL BND MRKT

  —

  Quality

  $113.0M1,539,023 sh

• VANGUARD INDEX FDS - TOTAL STK MKT

  —

  Quality

  $104.8M283,126 sh
• 

  Apple Inc.

  $AAPL

  76.4

  Quality

  $97.7M337,620 sh

• ISHARES TR - RUS 1000 ETF

  —

  Quality

  $96.8M236,272 sh

Company	Quality	Value	Shares
SPDR S&P 500 ETF TRUST$SPY	—	$429.8M	575,530
ISHARES TR - RUS MID CAP ETF	—	$426.9M	3,869,983
ISHARES TR - RUSSELL 2000 ETF	—	$247.3M	823,139
VANGUARD INDEX FDS - S&P 500 ETF SHS	—	$237.4M	345,692
ISHARES TR - CORE MSCI TOTAL	—	$171.8M	1,799,901
ELEVATION SERIES TRUST - CRESALTA GLOBAL	—	$119.1M	4,781,409
VANGUARD BD INDEX FDS - TOTAL BND MRKT	—	$113.0M	1,539,023
VANGUARD INDEX FDS - TOTAL STK MKT	—	$104.8M	283,126
Apple Inc.$AAPL	76.4	$97.7M	337,620
ISHARES TR - RUS 1000 ETF	—	$96.8M	236,272

Showing top 10 of 444 holdings.

Top Holdings — AMG National Trust Bank (Q2 2026)

Top 150 of 444 disclosed positions (by reported value) from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$SPY	SPDR S&P 500 ETF TRUST	$429.8M	8.8%	-10%	—
2	—	ISHARES TR - RUS MID CAP ETF	$426.9M	8.8%	-0%	—
3	—	ISHARES TR - RUSSELL 2000 ETF	$247.3M	5.1%	-4%	—
4	—	VANGUARD INDEX FDS - S&P 500 ETF SHS	$237.4M	4.9%	+1%	—
5	—	ISHARES TR - CORE MSCI TOTAL	$171.8M	3.5%	+4%	—
6	—	ELEVATION SERIES TRUST - CRESALTA GLOBAL	$119.1M	2.5%	NEW	—
7	—	VANGUARD BD INDEX FDS - TOTAL BND MRKT	$113.0M	2.3%	-3%	—
8	—	VANGUARD INDEX FDS - TOTAL STK MKT	$104.8M	2.2%	-3%	—
9	$AAPL	Apple Inc.	$97.7M	2.0%	-15%	76.4
10	—	ISHARES TR - RUS 1000 ETF	$96.8M	2.0%	-9%	—
11	—	ISHARES TR - CORE S&P500 ETF	$96.2M	2.0%	-22%	—
12	$LOW	LOWES COMPANIES INC	$95.7M	2.0%	-1%	60.8
13	—	ELEVATION SERIES TRUST - CRES SMA MID ETF	$91.7M	1.9%	NEW	—
14	—	ISHARES TR - CORE MSCI EAFE	$90.2M	1.9%	-2%	—
15	—	VANGUARD STAR FDS - VG TL INTL STK F	$85.9M	1.8%	+7%	—
16	$BALL	BALL Corp	$76.4M	1.6%	+5%	61.1
17	—	VANGUARD SCOTTSDALE FDS - VNG RUS2000IDX	$76.4M	1.6%	+17%	—
18	—	ISHARES TR - MSCI EAFE ETF	$72.2M	1.5%	-8%	—
19	—	ISHARES TR - CONV BD ETF	$70.0M	1.4%	+2%	—
20	—	VANGUARD INDEX FDS - MID CAP ETF	$68.7M	1.4%	+328%	—
21	$QQQ	INVESCO QQQ TRUST, SERIES 1	$62.9M	1.3%	-4%	—
22	—	ISHARES TR - RUS 1000 GRW ETF	$62.4M	1.3%	+285%	—
23	—	SPDR INDEX SHS FDS - ST STR NAT ETF	$52.3M	1.1%	+8%	—
24	—	ISHARES TR - MSCI ACWI EX US	$51.8M	1.1%	-2%	—
25	—	ISHARES TR - RUS 2000 VAL ETF	$51.5M	1.1%	-2%	—
26	—	ISHARES TR - RUS MDCP VAL ETF	$50.9M	1.1%	-2%	—
27	—	VANGUARD INDEX FDS - SMALL CP ETF	$50.2M	1.0%	-1%	—
28	—	ISHARES TR - SELECT DIVID ETF	$50.1M	1.0%	+2%	—
29	—	ISHARES TR - RUS MD CP GR ETF	$49.8M	1.0%	+1%	—
30	—	VANGUARD SPECIALIZED FUNDS - DIV APP ETF	$45.1M	0.9%	+12%	—
31	$HD	HOME DEPOT, INC.	$34.3M	0.7%	-5%	60.3
32	$GLD	SPDR GOLD TRUST	$33.5M	0.7%	-7%	—
33	$AMZN	AMAZON COM INC	$30.7M	0.6%	-3%	68.7
34	$PNC	PNC FINANCIAL SERVICES GROUP, INC.	$30.6M	0.6%	-6%	73.7
35	—	VANGUARD SCOTTSDALE FDS - VNG RUS1000GRW	$30.4M	0.6%	+270%	—
36	—	ISHARES TR - RUS 1000 VAL ETF	$29.6M	0.6%	-7%	—
37	$MSFT	MICROSOFT CORP	$27.1M	0.6%	-12%	79.8
38	—	ISHARES TR - SELECT US REIT	$24.3M	0.5%	+8%	—
39	$GOOGL	Alphabet Inc.	$24.3M	0.5%	-15%	78.2
40	$BRK.A	BERKSHIRE HATHAWAY INC	$24.0M	0.5%	+0%	73.8
41	—	STATE STR SPDR DOW JONES IND - UT SER 1	$23.6M	0.5%	-0%	—
42	—	SELECT SECTOR SPDR TR - ST STR TECHN ETF	$22.3M	0.5%	-34%	—
43	$GOOG	Alphabet Inc.	$22.2M	0.5%	-9%	78.2
44	$JPM	JPMORGAN CHASE & CO	$21.6M	0.4%	-16%	70.7
45	$NVDA	NVIDIA CORP	$20.7M	0.4%	+0%	85.9
46	$IAU	ISHARES GOLD TRUST	$20.6M	0.4%	-10%	—
47	$SIVR	abrdn Silver ETF Trust	$20.6M	0.4%	-6%	—
48	—	ISHARES TR - RUS 2000 GRW ETF	$20.4M	0.4%	-1%	—
49	$SLV	iShares Silver Trust	$17.9M	0.4%	-5%	—
50	$JNJ	JOHNSON & JOHNSON	$17.7M	0.4%	-18%	69
51	—	ISHARES INC - CORE MSCI EMKT	$16.9M	0.3%	-6%	—
52	$VFC	V F CORP	$16.3M	0.3%	-0%	49.8
53	—	VANGUARD SCOTTSDALE FDS - VNG RUS2000GRW	$15.6M	0.3%	+61%	—
54	—	ISHARES TR - CORE S&P MCP ETF	$14.5M	0.3%	-17%	—
55	—	VANGUARD INTL EQUITY INDEX F - ALLWRLD EX US	$14.5M	0.3%	-13%	—
56	—	SPDR SERIES TRUST - ST STR CONV ETF	$14.4M	0.3%	+0%	—
57	—	ISHARES TR - NATIONAL MUN ETF	$13.9M	0.3%	-27%	—
58	$RTX	RTX Corp	$13.3M	0.3%	-9%	73.2
59	$LLY	ELI LILLY & Co	$13.0M	0.3%	-7%	87.5
60	$TSM	TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD	$13.0M	0.3%	-28%	—
61	$TAP	MOLSON COORS BEVERAGE CO	$12.7M	0.3%	-0%	41.4
62	—	VANGUARD WHITEHALL FDS - HIGH DIV YLD	$12.2M	0.3%	+1%	—
63	—	VANGUARD MALVERN FDS - STRM INFPROIDX	$11.9M	0.3%	+10%	—
64	—	VANGUARD WORLD FD - ESG US STK ETF	$11.0M	0.2%	-4%	—
65	—	VANGUARD SCOTTSDALE FDS - VNG RUS2000VAL	$10.9M	0.2%	+14%	—
66	—	VANGUARD CHARLOTTE FDS - TOTAL INT BD ETF	$10.6M	0.2%	+28%	—
67	$KO	COCA COLA CO	$10.6M	0.2%	-28%	69.5
68	$BRK.B	BERKSHIRE HATHAWAY INC	$10.2M	0.2%	-25%	73.8
69	—	ISHARES TR - TRUST ISHARE 0-1	$9.4M	0.2%	-27%	—
70	—	VANGUARD SCOTTSDALE FDS - LG-TERM COR BD	$9.3M	0.2%	-20%	—
71	$GLW	CORNING INC /NY	$8.9M	0.2%	-6%	73.7
72	$GPK	GRAPHIC PACKAGING HOLDING CO	$8.9M	0.2%	-0%	49
73	$KTB	Kontoor Brands, Inc.	$8.9M	0.2%	-19%	66
74	—	ISHARES TR - PFD AND INCM SEC	$8.8M	0.2%	-3%	—
75	—	ISHARES INC - MSCI EURZONE ETF	$8.6M	0.2%	-5%	—
76	$TJX	TJX COMPANIES INC /DE/	$8.6M	0.2%	-28%	68.7
77	$AXP	AMERICAN EXPRESS CO	$8.4M	0.2%	-24%	69.4
78	$HRL	HORMEL FOODS CORP /DE/	$8.3M	0.2%	-1%	51.8
79	—	SELECT SECTOR SPDR TR - ST STR FINL ETF	$8.1M	0.2%	-29%	—
80	$PFG	PRINCIPAL FINANCIAL GROUP INC	$8.0M	0.2%	-46%	57.5
81	$WMT	Walmart Inc.	$7.9M	0.2%	-18%	60.2
82	$AVGO	Broadcom Inc.	$7.7M	0.2%	-4%	84.5
83	$ECL	ECOLAB INC.	$7.7M	0.2%	-0%	63.3
84	$PG	PROCTER & GAMBLE Co	$7.1M	0.1%	-17%	64.6
85	$META	Meta Platforms, Inc.	$7.1M	0.1%	-7%	79.6
86	—	VANGUARD SCOTTSDALE FDS - VNG RUS1000VAL	$7.1M	0.1%	+23%	—
87	$CVX	CHEVRON CORP	$7.1M	0.1%	-44%	62.8
88	$CAT	CATERPILLAR INC	$7.1M	0.1%	-21%	66.5
89	$EW	Edwards Lifesciences Corp	$6.8M	0.1%	-1%	69.4
90	$CSCO	CISCO SYSTEMS, INC.	$6.8M	0.1%	-10%	70.3
91	$MSCI	MSCI Inc.	$6.7M	0.1%	-0%	75.7
92	$TXN	TEXAS INSTRUMENTS INC	$6.6M	0.1%	-47%	73.4
93	—	ISHARES TR - 7-10 YR TRSY BD	$6.6M	0.1%	-42%	—
94	—	ISHARES TR - INTRM GOV CR ETF	$6.5M	0.1%	-16%	—
95	—	ISHARES TR - 3 7 YR TREAS BD	$6.3M	0.1%	-43%	—
96	$UNH	UNITEDHEALTH GROUP INC	$6.2M	0.1%	+8%	62.7
97	$USB	US BANCORP \DE\	$6.1M	0.1%	-3%	65.3
98	—	ISHARES TR - MSCI EMG MKT ETF	$6.1M	0.1%	-16%	—
99	—	SCHWAB STRATEGIC TR - US TIPS ETF	$6.0M	0.1%	+8%	—
100	$GLDM	World Gold Trust	$6.0M	0.1%	+18%	—
101	—	ISHARES TR - SHRT NAT MUN ETF	$6.0M	0.1%	+17%	—
102	$MDY	SPDR S&P MIDCAP 400 ETF TRUST	$5.9M	0.1%	-39%	—
103	$SCHW	SCHWAB CHARLES CORP	$5.9M	0.1%	-36%	79.4
104	—	ISHARES TR - U.S. ENERGY ETF	$5.9M	0.1%	-3%	—
105	$CVS	CVS HEALTH Corp	$5.8M	0.1%	-51%	59.4
106	$AAPLPUT	Apple Inc.	$5.8M	—	NEW	76.4
107	$ORCL	ORACLE CORP	$5.7M	0.1%	-24%	66.2
108	$RTXPUT	RTX Corp	$5.7M	—	+0%	73.2
109	$ABBV	AbbVie Inc.	$5.7M	0.1%	-20%	72.6
110	$XYL	Xylem Inc.	$5.5M	0.1%	+0%	65.8
111	$MRK	Merck & Co., Inc.	$5.4M	0.1%	-55%	59.9
112	$PEP	PEPSICO INC	$5.1M	0.1%	-13%	63.4
113	—	VANGUARD WORLD FD - ESG INTL STK ETF	$5.0M	0.1%	-7%	—
114	$V	VISA INC.	$5.0M	0.1%	-7%	82.9
115	$ELV	Elevance Health, Inc.	$5.0M	0.1%	+76%	59
116	—	SELECT SECTOR SPDR TR - ST STR INDL ETF	$4.9M	0.1%	-30%	—
117	$LHX	L3HARRIS TECHNOLOGIES, INC. /DE/	$4.9M	0.1%	-12%	64.4
118	$IBM	INTERNATIONAL BUSINESS MACHINES CORP	$4.8M	0.1%	-17%	70
119	$TT	Trane Technologies plc	$4.8M	0.1%	-4%	—
120	$SYK	STRYKER CORP	$4.8M	0.1%	-18%	72.1
121	—	ISHARES TR - CORE S&P SCP ETF	$4.7M	0.1%	-11%	—
122	$INTC	INTEL CORP	$4.7M	0.1%	-12%	45.6
123	—	ISHARES TR - CORE MSCI EURO	$4.6M	0.1%	-5%	—
124	—	ISHARES TR - EAFE GRWTH ETF	$4.5M	0.1%	-1%	—
125	—	SCHWAB STRATEGIC TR - US DIVIDEND EQ	$4.4M	0.1%	-0%	—
126	$COST	COSTCO WHOLESALE CORP /NEW	$4.3M	0.1%	-2%	66.2
127	$IVZ	Invesco Ltd.	$4.0M	0.1%	-2%	—
128	$MPC	Marathon Petroleum Corp	$4.0M	0.1%	-2%	61
129	$VZ	VERIZON COMMUNICATIONS INC	$3.9M	0.1%	-47%	65.8
130	$GE	GENERAL ELECTRIC CO	$3.8M	0.1%	+4%	73.8
131	$NVS	NOVARTIS AG	$3.8M	0.1%	-0%	—
132	—	SELECT SECTOR SPDR TR - ST STR CARE ETF	$3.7M	0.1%	-29%	—
133	$HSY	HERSHEY CO	$3.7M	0.1%	+1%	65.7
134	$NEE	NEXTERA ENERGY INC	$3.6M	0.1%	-42%	64.6
135	—	ISHARES TR - S&P 500 GRWT ETF	$3.6M	0.1%	-5%	—
136	$AMGN	AMGEN INC	$3.6M	0.1%	-24%	79.2
137	$FDX	FEDEX CORP	$3.6M	0.1%	+0%	60.3
138	$BA	BOEING CO	$3.5M	0.1%	+8%	61.6
139	—	SELECT SECTOR SPDR TR - ST STR DISCR ETF	$3.5M	0.1%	-30%	—
140	—	VANGUARD TAX-MANAGED FDS - VAN FTSE DEV MKT	$3.5M	0.1%	-11%	—
141	$DHR	DANAHER CORP /DE/	$3.4M	0.1%	-30%	64.8
142	$GILD	GILEAD SCIENCES, INC.	$3.4M	0.1%	-59%	57.4
143	$RY	ROYAL BANK OF CANADA	$3.3M	0.1%	-18%	74.8
144	—	VANGUARD INDEX FDS - SM CP VAL ETF	$3.3M	0.1%	-0%	—
145	—	VANGUARD SCOTTSDALE FDS - VNG RUS1000IDX	$3.2M	0.1%	+24%	—
146	—	ISHARES TR - EAFE VALUE ETF	$3.2M	0.1%	-14%	—
147	—	VANGUARD INDEX FDS - LARGE CAP ETF	$3.2M	0.1%	+0%	—
148	$MS	MORGAN STANLEY	$3.2M	0.1%	-19%	75.8
149	—	ISHARES TR - IBOXX INV CP ETF	$3.1M	0.1%	-10%	—
150	—	ISHARES TR - TIPS BD ETF	$3.1M	0.1%	-5%	—