First National Corp Portfolio holdings

First National Corp's Q2 2020 Portfolio in Review

As of Q2 2020, First National Corp held 158 positions worth $291M, up 89% from $154M the previous quarter. Its ten largest holdings account for 40% of the portfolio.

First National Corp deployed $92.3M of net new capital in Q2 2020, opening 24 new positions and adding to 74 existing holdings. Its largest new stake was Schwab US REIT ETF: 669,360 shares worth $11.8M.

By sector, the portfolio is most concentrated in Utilities at 6.4% of assets, up from 3.2% a quarter earlier, followed by Technology and Consumer Discretionary.

On the sell side, the largest reduction was Vanguard FTSE Emerging Markets ETF, an estimated $391K trimmed.

• First National Corp's largest Q2 2020 buy was Schwab US REIT ETF: 669,360 shares worth $11.8M.
• First National Corp added most to iShares Semiconductor ETF in Q2 2020, an estimated $19.5M increase.
• First National Corp's biggest Q2 2020 reduction was Vanguard FTSE Emerging Markets ETF, cutting an estimated $391K.
• First National Corp fully exited State Street SPDR Bloomberg Investment Grade Floating Rate ETF in Q2 2020, selling an estimated $7.26M.
• First National Corp's ten largest holdings make up 40% of its $291M portfolio in Q2 2020.
• First National Corp opened 24 new positions and closed 17 in Q2 2020.
• First National Corp's portfolio value rose 89% quarter-over-quarter to $291M.

Based on First National Corp's 13F filing for Q2 2020, filed 21 Jul 2020.