SEC 13F Intelligence

Managers / Q1 2026

FIRST UNITED BANK & TRUST

CIK 0001214183 · 19 SOUTH SECOND STREET, OAKLAND, MD, 21550 · 800-470-4356

Reported Value
$308M
Q1 2026
Positions
560
Filings on Record
30
2019–present window
Filed
Apr 21, 2026
original filing

Summary

First United Bank & Trust reported $308M in U.S.-listed holdings across 560 positions for Q1 2026.

Its largest position, NDQ, represents 6.2% of the portfolio.

Compared with Q4 2025, the fund opened 20 new positions and exited 19.

Portfolio Metrics

Turnover
+9.3%
vs prior filed quarter
Top-10 Concentration
+35.4%
share of reported value
Largest Position
+6.2%
Invesco Qqq Unit
New / Exited
20 / 19
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $143MQ4 ’18Q1 ’19: $162MQ2 ’19: $169MQ3 ’19: $159MQ4 ’19: $174MQ4 ’19Q1 ’20: $140MQ2 ’20: $169MQ3 ’20: $179MQ4 ’20: $207MQ4 ’20Q1 ’21: $234MQ2 ’21: $239MQ3 ’21: $245MQ4 ’21: $271MQ4 ’21Q1 ’22: $254MQ2 ’22: $218MQ3 ’22: $199MQ4 ’22: $205MQ4 ’22Q1 ’23: $213MQ2 ’23: $225MQ3 ’23: $215MQ4 ’23: $250MQ4 ’23Q1 ’24: $270MQ2 ’24: $269MQ3 ’24: $278MQ4 ’24: $275MQ4 ’24Q1 ’25: $268MQ2 ’25: $287MQ3 ’25: $308MQ4 ’25: $313MQ4 ’25Q1 ’26: $308Mfilingsflow.com

Portfolio Composition

By security type
ETP: 59.9%Common Stock: 39.3%REIT: 0.3%MLP: 0.3%Other: 0.2%Other: 0.1%
  • ETP · 59.9% · $184M
  • Common Stock · 39.3% · $121M
  • REIT · 0.3% · $924,482
  • MLP · 0.3% · $851,634
  • Other · 0.2% · $629,772
  • Other · 0.1% · $218,710

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
Putnam Focused Large Cap Value ETFNEW+25.8K25.8K+$1M$1M
Federated Hermes Total Retun Bond ETFNEW+10.1K10.1K+$253,537$253,537
WDCWestern Digital Corp. Ordinary SharesNEW+380380+$102,786$102,786
MUMicron Technology Inc ComNEW+260260+$87,838$87,838
TKOEURTaseko Mines Ltd.NEW+12.2K12.2K+$78,690$78,690
Seagate Technology Hldngs Plord ShsNEW+190190+$74,434$74,434
Baron Global Durable Advantage ETFNEW+2.4K2.4K+$55,575$55,575
SNDKSandisk Corp Ordinary SharesNEW+8585+$54,004$54,004

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NDQInvesco QQQ Unit Series 1history →UNIT SER 16.16%$19M32.9K
2VTVVanguard Value ETFhistory →VALUE ETF5.64%$17M88.5K
3iShares Select Dividend ETFSELECT DIVID ETF3.66%$11M74.5K
4Vanguard Index FDS S&P 500 ETF ShsS&P 500 ETF SHS3.56%$11M18.4K
5Vanguard Mid-Cap ETFMID CAP ETF3.11%$10M33.4K
6VUGVanguard Growth ETFhistory →GROWTH ETF3.10%$10M21.9K
7iShares Tr Core MSCI Eafe ETFCORE MSCI EAFE2.98%$9M101.4K
8AAPLApple Inc Comhistory →COM2.79%$9M33.9K
9Invesco S&P 500 Equal WeightS&P500 EQL WGT2.70%$8M43.3K
10iShares in Core MSCI Emerging MktsCORE MSCI EMKT2.50%$8M110.2K
11Vanguard Index FDS Small CP ETFSMALL CP ETF1.96%$6M23.1K
12Vanguard Index FDS McAp Vl IdxvipMCAP VL IDXVIP1.96%$6M32.8K
13Vanguard Index FDS McAp GR IdxvipMCAP GR IDXVIP1.79%$6M21.4K
14Fideltiy Total Bond ETFTOTAL BD ETF1.66%$5M112.2K
15GOOGLAlphabet Inchistory →CAP STK CL A1.53%$5M16.4K
16MSFTMicrosoft Corp Comhistory →COM1.44%$4M12.0K
17iShares Core S&P 500 ETFCORE S&P500 ETF1.41%$4M6.7K
18JPMJ P Morgan Chase & Cohistory →COM1.41%$4M14.8K
19Flexshares Tr Hig Yld Vl ETFHIG YLD VL ETF1.38%$4M106.4K
20SPDR S&P 500 IndexTR UNIT1.27%$4M6.0K
21Invesco S&P 500 Garp ETFS&P 500 GARP ETF1.26%$4M36.1K
22NVDANvidia Corphistory →COM1.17%$4M20.7K
23ANETArista Networks Inc Ordinary Shareshistory →COM SHS1.11%$3M27.7K
24iShares Russell 1000 Growth ETFRUS 1000 GRW ETF1.01%$3M7.3K
25Flexshares Stoxx US ESG Impact IndexSTOX US ESG SLCT0.93%$3M18.9K
26LOWLowes Cos Inc ComCOM0.91%$3M11.9K
27iShares Russell Mid-Cap ETFRUS MID CAP ETF0.91%$3M28.7K
28Vanguard Small-Cap Value ETFSM CP VAL ETF0.89%$3M12.7K
29MCDMcDonalds Corp ComCOM0.86%$3M8.5K
30iShares Dow Jones US TechnologyU.S. TECH ETF0.86%$3M14.5K
31CHVChevrontexacoCOM0.82%$3M12.1K
32PNCPNC Finl Svcs Group Inc ComCOM0.79%$2M11.6K
33HONGBPHoneywell Intl Inc ComCOM0.78%$2M10.6K
34COSTCostco Whsl Corp NewCOM0.76%$2M2.3K
35GQ9SPDR Gold Trust ETFGOLD SHS0.71%$2M5.1K
36AMZNAmazon Com Inc ComCOM0.70%$2M10.3K
37iShares 0-5 Year TIPS Bond ETF0-5 YR TIPS ETF0.68%$2M20.3K
38SOSouthern Co ComCOM0.68%$2M21.5K
39AMGNAmgen Inc ComCOM0.66%$2M5.8K
40CSCOCisco Sys Inc ComCOM0.64%$2M25.4K
41CSXCSX Corp ComCOM0.64%$2M47.8K
42VLOValero Energy NewCOM0.62%$2M7.7K
43MAMastercard IncCL A0.61%$2M3.7K
44PGProcter & Gamble Co ComCOM0.59%$2M12.6K
45DHRDanaher Corp Del ComCOM0.57%$2M9.3K
46EXMOCExxon Mobil Corp ComCOM0.54%$2M9.9K
47Vanguard Bond Index Fund Inctotal Bd MarketTOTAL BND MRKT0.53%$2M22.2K
48PGIM Ultra-Short Bond ETFPGIM ULTRA SH BD0.53%$2M32.8K
49MTBM & T Bank CorpCOM0.50%$2M7.4K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$308M560Apr 21, 202613F-HRchanges · EDGAR ↗
Q4 2025$313M557Jan 21, 202613F-HRchanges · EDGAR ↗
Q3 2025$308M584Oct 27, 202513F-HRchanges · EDGAR ↗
Q2 2025$287M551Jul 18, 202513F-HRchanges · EDGAR ↗
Q1 2025$268M562Apr 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$275M526Jan 16, 202513F-HRchanges · EDGAR ↗
Q3 2024$278M527Oct 15, 202413F-HRchanges · EDGAR ↗
Q2 2024$269M557Aug 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$270M577Apr 29, 202413F-HRchanges · EDGAR ↗
Q4 2023$250M600Feb 8, 202413F-HRchanges · EDGAR ↗
Q3 2023$215M154Oct 24, 202313F-HRchanges · EDGAR ↗
Q2 2023$225M159Jul 13, 202313F-HRchanges · EDGAR ↗
Q1 2023$213M158Apr 18, 202313F-HRchanges · EDGAR ↗
Q4 2022$205M157Jan 19, 202313F-HRchanges · EDGAR ↗
Q3 2022$199M156Oct 25, 202213F-HRchanges · EDGAR ↗
Q2 2022$218M161Jul 18, 202213F-HRchanges · EDGAR ↗
Q1 2022$254M173Apr 20, 202213F-HRchanges · EDGAR ↗
Q4 2021$271M165Jan 20, 202213F-HRchanges · EDGAR ↗
Q3 2021$245M163Oct 14, 202113F-HRchanges · EDGAR ↗
Q2 2021$239M162Jul 19, 202113F-HRchanges · EDGAR ↗
Q1 2021$234M158Apr 20, 202113F-HRchanges · EDGAR ↗
Q4 2020$207M140Jan 19, 202113F-HRchanges · EDGAR ↗
Q3 2020$179M124Oct 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$169M126Jul 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$140M111Apr 13, 202013F-HRchanges · EDGAR ↗
Q4 2019$174M130Jan 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$159M123Oct 11, 201913F-HRchanges · EDGAR ↗
Q2 2019$169M122Jul 9, 201913F-HRchanges · EDGAR ↗
Q1 2019$162M115Apr 11, 201913F-HRchanges · EDGAR ↗
Q4 2018$143M117Jan 15, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.