Top Institutional Investors

FIRST UNITED BANK & TRUST — 13F Holdings & Portfolio

CIK 1214183 · latest 13F-HR filed 2026-10-22

Backtest portfolio

FIRST UNITED BANK & TRUST manages $346.8M in 13F-reported U.S. long-equity assets across 576 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are QQQ (6.99%), VTV (5.47%), VOO (3.81%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 8 new positions and exited 20; 97 existing positions rose in reported value and 188 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$346.8M

Long-equity book

Holdings
576

Distinct positions

Period
2026-09-30

Filed 2026-10-22

Q/Q Activity
+8 / −20 / ↑97 / ↓188

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26
QQQ7.0% · -0%VTV5.5% · +0%VOO3.8% · +3%DVY3.4% · +4%VUG3.3% · -3%VO3.2% · +2%AAPL3.2% · -1%IEFA3.0% · +2%RSP3.0% · +4%IEMG2.3% · -3%MSFT2.2% · -2%VB2.1% · +6%VOT1.9% · +3%VOE1.8% · +0%GOOGL1.7% · -2%ANET1.6% · -1%NVDA1.5% · +1%IVV1.5% · -0%JPM1.4% · -3%FBND1.3% · -5%SPY1.3% · -3%SPGP1.2% · -0%HYGV1.2% · -2%IYW1.0% · -3%IWF1.0% · -1%PVAL1.0% · +31%VBR1.0% · +4%VLO0.9% · -2%AMZN0.9% · +1%IWR0.9% · -0%ESG0.8% · -10%CSCO0.8% · -2%PNC0.8% · 0%AMGN0.7% · +2%CVX0.7% · -2%CSX0.7% · -3%DFIS0.7% · +15%PULS0.7% · +18%FTNT0.6% · -1%AMD0.6% · -2%LOW0.6% · -4%MCD0.6% · -5%COST0.6% · -2%MA0.6% · -1%PG0.6% · -11%DHR0.5% · -5%SO0.5% · -2%STIP0.5% · -38%MTB0.5% · -0%XOM0.5% · -2%JNJ0.5% · -3%PWR0.5% · +1%ITW0.4% · -2%GEV0.4% · +3%VBK0.4% · +1%PMIO0.4% · +21%FBCG0.4% · +18%VZ0.4% · -9%TIP0.3% · +6%ISRG0.3% · -13%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 37.8%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

Name Title / Status Ownership Type

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

FIRST UNITED BANK & TRUST Holdings (2026-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 Invesco QQQ Unit Series 1 QQQ 46090E103 $24.2M 6.99% 32,767 SH
2 Vanguard Value ETF VTV 922908744 $19.0M 5.47% 87,749 SH
3 Vanguard Index FDS S&P 500 ETF Shs VOO 922908363 $13.2M 3.81% 18,873 SH
4 iShares Select Dividend ETF DVY 464287168 $11.7M 3.37% 76,827 SH
5 Vanguard Growth ETF VUG 922908736 $11.2M 3.24% 124,544 SH
6 Vanguard Mid-Cap ETF VO 922908629 $11.1M 3.20% 141,506 SH
7 iShares Tr Core MSCI Eafe ETF IEFA 46432F842 $10.3M 2.98% 106,793 SH
8 Invesco S&P 500 Equal Weight RSP 46137V357 $10.2M 2.94% 48,991 SH
9 iShares in Core MSCI Emerging Mkts IEMG 46434G103 $8.0M 2.31% 98,861 SH
10 Apple Inc Com AAPL 037833100 $7.8M 2.26% 23,564 SH
11 Vanguard Index FDS Small CP ETF VB 922908751 $7.2M 2.08% 25,349 SH
12 Vanguard Index FDS McAp GR Idxvip VOT 922908538 $6.5M 1.87% 22,185 SH
13 Vanguard Index FDS McAp Vl Idxvip VOE 922908512 $6.3M 1.82% 32,269 SH
14 Microsoft Corp Com MSFT 594918104 $6.2M 1.78% 12,036 SH
15 Alphabet Inc GOOGL 02079K305 $5.5M 1.59% 15,997 SH
16 Arista Networks Inc Ordinary Shares ANET 040413205 $5.4M 1.56% 26,577 SH
17 iShares Core S&P 500 ETF IVV 464287200 $5.1M 1.46% 6,625 SH
18 Nvidia Corp NVDA 67066G104 $5.0M 1.44% 21,800 SH
19 J P Morgan Chase & Co JPM 46625H100 $4.7M 1.36% 14,235 SH
20 Fideltiy Total Bond ETF FBND 316188309 $4.6M 1.33% 106,625 SH
21 SPDR S&P 500 Index SPY 78462F103 $4.3M 1.25% 5,688 SH
22 Invesco S&P 500 Garp ETF SPGP 46137V431 $4.2M 1.22% 35,732 SH
23 Flexshares Tr Hig Yld Vl ETF HYGV 33939L662 $4.2M 1.22% 109,144 SH
24 iShares Dow Jones US Technology IYW 464287721 $3.6M 1.05% 13,714 SH
25 iShares Russell 1000 Growth ETF IWF 464287614 $3.6M 1.04% 28,760 SH
26 Putnam Focused Large Cap Value ETF PVAL 746729300 $3.4M 0.99% 65,094 SH
27 Vanguard Small-Cap Value ETF VBR 922908611 $3.4M 0.97% 14,615 SH
28 Apple Inc Com AAPL 037833100 $3.3M 0.95% 9,890 SH
29 iShares Russell Mid-Cap ETF IWR 464287499 $3.0M 0.88% 28,493 SH
30 Valero Energy New VLO 91913Y100 $2.9M 0.84% 7,515 SH
31 Flexshares Stoxx US ESG Impact Index ESG 33939L696 $2.8M 0.80% 15,547 SH
32 Amazon Com Inc Com AMZN 023135106 $2.7M 0.79% 10,975 SH
33 Cisco Sys Inc Com CSCO 17275R102 $2.7M 0.77% 24,807 SH
34 PNC Finl Svcs Group Inc Com PNC 693475105 $2.5M 0.72% 11,198 SH
35 Amgen Inc Com AMGN 031162100 $2.4M 0.71% 5,809 SH
36 Chevrontexaco CVX 166764100 $2.3M 0.67% 11,307 SH
37 Dimensional International Small Cap ETF DFIS 25434V773 $2.3M 0.66% 63,307 SH
38 PGIM Ultra-Short Bond ETF PULS 69344A107 $2.3M 0.66% 46,079 SH
39 Advanced Micro Devices Inc Com AMD 007903107 $2.2M 0.62% 3,536 SH
40 CSX Corp Com CSX 126408103 $2.1M 0.62% 46,004 SH
41 Costco Whsl Corp New COST 22160K105 $2.1M 0.61% 2,307 SH
42 Lowes Cos Inc Com LOW 548661107 $2.0M 0.59% 11,111 SH
43 Fortinet Inc Com FTNT 34959E109 $2.0M 0.58% 11,290 SH
44 Mastercard Inc MA 57636Q104 $2.0M 0.58% 3,630 SH
45 Danaher Corp Del Com DHR 235851102 $1.9M 0.54% 8,415 SH
46 McDonalds Corp Com MCD 580135101 $1.8M 0.53% 7,902 SH
47 iShares 0-5 Year TIPS Bond ETF STIP 46429B747 $1.8M 0.52% 18,173 SH
48 Procter & Gamble Co Com PG 742718109 $1.8M 0.51% 12,178 SH
49 Southern Co Com SO 842587107 $1.7M 0.49% 20,669 SH
50 Quanta Services Inc PWR 74762E102 $1.6M 0.45% 2,455 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-22 $346.8M 576 0001104659-26-118021
2026-06-30 2026-07-20 $347.6M 589 0001104659-26-085022
2026-03-31 2026-04-21 $307.9M 560 0001104659-26-046124
2025-12-31 2026-01-21 $313.3M 557 0001104659-26-005279
Filer Information
Address
19 SOUTH SECOND STREET
OAKLAND, MD 21550
Phone
(800) 470-4356
Filing Manager
FIRST UNITED BANK & TRUST
OAKLAND, MD
Signatory
Keith Sanders
Executive Vice President and Chief Wealth Officer