AMG National Trust Bank

CIK 0001388829 · Q1 2026

13F Equity AUM

$4.6B

+8.6% QoQ

Positions

472

+23 QoQ

AUM Rank

#1,078

Top 9%

Skill Alpha (FF)

-3.1%/yr

Underperformer

Rank #6,404 · Top 78%

vs S&P -6.8%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 29.5%Top 10: 40.8%Top 20: 55.3%

SPY9.0%

IWR8.2%

IWM4.6%

VOO4.4%

IXUS3.2%

BND2.5%

IVV2.3%

LOW2.3%

AAPL2.2%

VTI2.0%

Others (462)59.2%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services74.2%

Consumer Cyclical6.7%

Technology4.9%

Healthcare3.1%

Industrials2.3%

Other8.7%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 472Median: 0.04%Avg: 0.21%

0–0.5%

433(30.0%)

0.5–1%

16(11.5%)

1–3%

18(29.1%)

3–5%

3(12.3%)

5%+

2(17.2%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 470Unique: 2vs 20 funds

6.4%Low

472

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BANK OF AMERICA CORP /DE/

9.9%

8.9%

9.5%

14.3%

10.5%

9.2%

VANGUARD CAPITAL MANAGEMENT LLC

8.6%

GEODE CAPITAL MANAGEMENT, LLC

8.3%

VANGUARD PORTFOLIO MANAGEMENT LLC

9.6%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New45Increased283Decreased98Exited22

New Positions

AZN0.1%

+24K

SJM0.1%

+40K

BDX0.1%

+19K

SNY0.1%

+56K

SUNBELT RENTALS HOLD…0.1%

+38K

FTAIN0.1%

+9K

WHD0.0%

+43K

COO0.0%

+25K

DT0.0%

+47K

HR0.0%

+116K

Increased

BND2.5%

+150K(+10%)

PNC0.6%

+126K(+2047%)

VTWO1.2%

+120K(+29%)

IXUS3.2%

+111K(+7%)

VXUS1.6%

+93K(+11%)

IEFA1.9%

+88K(+10%)

IWR8.2%

+77K(+2%)

BAX0.1%

+77K(+44%)

AAPL2.2%

+65K(+19%)

XLK0.5%

+58K(+48%)

Decreased

SIVR0.6%

-224,749(-37%)

SLV0.5%

-45,322(-11%)

KTB0.2%

-30,771(-19%)

VTIP0.2%

-20,627(-9%)

HRL0.2%

-14,647(-4%)

AWN0.0%

-14,592(-42%)

PYPL0.0%

-13,903(-70%)

VCLT0.3%

-13,202(-8%)

CRM0.0%

-8,378(-52%)

CMCSA0.1%

-7,945(-5%)

Exited

-19,818

-46,714

-68,191

-9,764

-200,372

-70,806

-19,033

-138,313

-91,399

-13,323

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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