First National Corp Portfolio holdings

First National Corp's Q2 2021 Portfolio in Review

As of Q2 2021, First National Corp held 162 positions worth $291M, down 28% from $403M the previous quarter. Its ten largest holdings account for 40% of the portfolio.

First National Corp withdrew a net $50.6M in Q2 2021, closing 22 positions and reducing 79 holdings. Its most notable exit was State Street SPDR Nuveen ICE Municipal Bond ETF, an estimated $1.35M position sold in full.

By sector, the portfolio is most concentrated in Utilities at 6.4% of assets, up from 6% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, First National Corp opened a new position in State Street SPDR Bloomberg Investment Grade Floating Rate ETF worth $1.51M.

• First National Corp's largest Q2 2021 buy was State Street SPDR Bloomberg Investment Grade Floating Rate ETF: 49,553 shares worth $1.51M.
• First National Corp added most to iShares Semiconductor ETF in Q2 2021, an estimated $12.5M increase.
• First National Corp's biggest Q2 2021 reduction was iShares 20+ Year Treasury Bond ETF, cutting an estimated $16.4M.
• First National Corp fully exited State Street SPDR Nuveen ICE Municipal Bond ETF in Q2 2021, selling an estimated $1.35M.
• First National Corp's ten largest holdings make up 40% of its $291M portfolio in Q2 2021.
• First National Corp opened 10 new positions and closed 22 in Q2 2021.
• First National Corp's portfolio value fell 28% quarter-over-quarter to $291M.

Based on First National Corp's 13F filing for Q2 2021, filed 30 Jul 2021.