First National Advisers, LLC
•CIK: 1941030•Filing: Q4 2025
**First National Advisers, LLC** manages $727M across a diversified portfolio of 235 positions. The fund exhibits significant concentration in mega-cap technology and financial names, with top holdings including DFAI at $48.3M and AAPL at $44.3M. Further allocations are notable in NVDA ($39.1M), MSFT ($38.8M), and GOOG ($27.5M), indicating a strong conviction in growth technology leaders. This structure suggests a tactical, large-cap growth orientation within the current market cycle.
Total AUM
$727.3M
QoQ Performance
-1.3%
Positions
218
Top 10 Concentration
39.2%
Latest Filing
Q4 2025
Top Holdings Allocation
DFAI
AAPL
NVDA
MSFT
DFAI6.6%
AAPL6.1%
NVDA5.4%
MSFT5.3%
GOOG3.8%
AMZN2.9%
JPM2.4%
AVGO2.3%
📈 Biggest Buys
📉 Biggest Sells
Sector Breakdown
Other39.8%
Technology28.8%
Financial9.3%
Consumer8.1%
Healthcare5.5%
Energy1.7%
Industrial1.5%
Utilities1.5%
🚪 Exited Positionssold since Q3 2025
+33 more exited positions
Changes from Q3 2025
NEW10 new positions
↑43 increased
↓141 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023