First National Corp Portfolio holdings

First National Corp's Q3 2019 Portfolio in Review

As of Q3 2019, First National Corp held 144 positions worth $248M, up 2.5% from $242M the previous quarter. Its ten largest holdings account for 43% of the portfolio.

First National Corp's Q3 2019 filing shows 7 new, 54 increased, 48 reduced and 3 closed positions. Its largest new stake was PIMCO Short Term Municipal Bond Active Exchange-Traded Fund: 21,295 shares worth $1.08M. The largest sale was iShares iBoxx $ Investment Grade Corporate Bond ETF, an estimated $2.36M.

By sector, the portfolio is most concentrated in Utilities at 7.2% of assets, up from 6.8% a quarter earlier, followed by Consumer Discretionary and Technology.

• First National Corp's largest Q3 2019 buy was PIMCO Short Term Municipal Bond Active Exchange-Traded Fund: 21,295 shares worth $1.08M.
• First National Corp added most to iShares Semiconductor ETF in Q3 2019, an estimated $691K increase.
• First National Corp's biggest Q3 2019 reduction was iShares iBoxx $ Investment Grade Corporate Bond ETF, cutting an estimated $2.36M.
• First National Corp fully exited iShares iBonds Sep 2019 Term Muni Bond ETF in Q3 2019, selling an estimated $987K.
• First National Corp's ten largest holdings make up 43% of its $248M portfolio in Q3 2019.
• First National Corp opened 7 new positions and closed 3 in Q3 2019.
• First National Corp's portfolio value rose 2.5% quarter-over-quarter to $248M.

Based on First National Corp's 13F filing for Q3 2019, filed 24 Oct 2019.