AMG NATIONAL TRUST BANK

Filed: 11/10/2025ACC: 0001388829-25-000005

📋 What this filing means

AMG NATIONAL TRUST BANK filed this quarterly 13F‑HR report disclosing 447 equity positions with a total reported market value of $4.12B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

447

Positions

$4.12B

Total AUM (reported)

35.91M

Total Shares

Allocation by class

COM$952.61M23.1%

TR UNIT$397.50M9.7%

RUS MID CAP ETF$366.71M8.9%

RUSSELL 2000 ETF$200.38M4.9%

S&P 500 ETF SHS$175.69M4.3%

CORE MSCI TOTAL$129.77M3.2%

TOTAL BND MRKT$106.12M2.6%

Portfolio Concentration

Top 3$964.59M23.4%

4–10$800.03M19.4%

11–25$808.73M19.6%

Rest$1.54B37.5%

Top 3 weight

23.4%

Top 10 weight

42.9%

Voting Authority Distribution

Total shares with voting rights: 35.91M

Sole

Full voting authority

34.64M

% of voting shares96.5%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

1.27M

% of voting shares3.5%

Investment Discretion (by position count)

Sole360

Shared0

Other87

Dominant voting typeSole · 96.5% of voting shares

Institutional Holdings447

Rows:

SPDR S&P 500 ETF TR

DFND

TR UNIT

Shares596.69K

TypeSH

Market value$397.50M

9.66%

Sole

572.71K

Shared

0.00

None

23.98K

ISHARES TR

DFND

RUS MID CAP ETF

Shares3.80M

TypeSH

Market value$366.71M

8.91%

Sole

3.62M

Shared

0.00

None

175.48K

ISHARES TR

SOLE

RUSSELL 2000 ETF

Shares828.16K

TypeSH

Market value$200.38M

4.87%

Sole

804.14K

Shared

0.00

None

24.02K

VANGUARD INDEX FDS

OTR

S&P 500 ETF SHS

Shares286.90K

TypeSH

Market value$175.69M

4.27%

Sole

279.35K

Shared

0.00

None

7.55K

ISHARES TR

DFND

CORE MSCI TOTAL

Shares1.57M

TypeSH

Market value$129.77M

3.15%

Sole

1.52M

Shared

0.00

None

56.09K

LOWES COS INC

OTR

COM

Shares435.27K

TypeSH

Market value$109.39M

2.66%

Sole

435.27K

Shared

0.00

None

0.00

VANGUARD BD INDEX FDS

OTR

TOTAL BND MRKT

Shares1.43M

TypeSH

Market value$106.12M

2.58%

Sole

1.37M

Shared

0.00

None

55.72K

APPLE INC

SOLE

COM

Shares379.61K

TypeSH

Market value$96.66M

2.35%

Sole

376.86K

Shared

0.00

None

2.75K

VANGUARD INDEX FDS

SOLE

TOTAL STK MKT

Shares280.81K

TypeSH

Market value$92.15M

2.24%

Sole

266.32K

Shared

0.00

None

14.49K

ISHARES TR

OTR

RUS 1000 ETF

Shares246.92K

TypeSH

Market value$90.25M

2.19%

Sole

234.15K

Shared

0.00

None

12.77K

ISHARES TR

OTR

CORE S&P500 ETF

Shares131.51K

TypeSH

Market value$88.02M

2.14%

Sole

131.26K

Shared

0.00

None

250.00

ISHARES TR

SOLE

CORE MSCI EAFE

Shares811.83K

TypeSH

Market value$70.88M

1.72%

Sole

777.17K

Shared

0.00

None

34.67K

ISHARES TR

SOLE

MSCI EAFE ETF

Shares707.62K

TypeSH

Market value$66.07M

1.60%

Sole

658K

Shared

0.00

None

49.62K

ISHARES TR

SOLE

RUS 1000 GRW ETF

Shares129.20K

TypeSH

Market value$60.52M

1.47%

Sole

116.19K

Shared

0.00

None

13.01K

BALL CORP

SOLE

COM

Shares1.14M

TypeSH

Market value$57.54M

1.40%

Sole

1.14M

Shared

0.00

None

0.00

VANGUARD STAR FDS

SOLE

VG TL INTL STK F

Shares747.25K

TypeSH

Market value$54.89M

1.33%

Sole

732.90K

Shared

0.00

None

14.34K

INVESCO QQQ TR

OTR

UNIT SER 1

Shares86.66K

TypeSH

Market value$52.03M

1.26%

Sole

73.32K

Shared

0.00

None

13.35K

ISHARES TR

SOLE

CONV BD ETF

Shares496.27K

TypeSH

Market value$49.65M

1.21%

Sole

472.24K

Shared

0.00

None

24.02K

ISHARES TR

SOLE

RUS MD CP GR ETF

Shares334.63K

TypeSH

Market value$47.66M

1.16%

Sole

290.31K

Shared

0.00

None

44.32K

ISHARES TR

OTR

RUS MDCP VAL ETF

Shares330.63K

TypeSH

Market value$46.18M

1.12%

Sole

303.30K

Shared

0.00

None

27.34K

ISHARES TR

SOLE

RUS 2000 VAL ETF

Shares258.54K

TypeSH

Market value$45.71M

1.11%

Sole

235.03K

Shared

0.00

None

23.50K

ISHARES TR

OTR

MSCI ACWI EX US

Shares693.96K

TypeSH

Market value$45.11M

1.10%

Sole

656.27K

Shared

0.00

None

37.68K

VANGUARD INDEX FDS

OTR

MID CAP ETF

Shares150.51K

TypeSH

Market value$44.21M

1.07%

Sole

148.54K

Shared

0.00

None

1.97K

ISHARES TR

SOLE

SELECT DIVID ETF

Shares306.32K

TypeSH

Market value$43.53M

1.06%

Sole

260K

Shared

0.00

None

46.31K

MICROSOFT CORP

SOLE

COM

Shares70.91K

TypeSH

Market value$36.73M

0.89%

Sole

70.71K

Shared

0.00

None

200.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
SPDR S&P 500 ETF TRDFND	TR UNIT	596.69K	SH	$397.50M 9.66%	572.71K	23.98K
ISHARES TRDFND	RUS MID CAP ETF	3.80M	SH	$366.71M 8.91%	3.62M	175.48K
ISHARES TRSOLE	RUSSELL 2000 ETF	828.16K	SH	$200.38M 4.87%	804.14K	24.02K
VANGUARD INDEX FDSOTR	S&P 500 ETF SHS	286.90K	SH	$175.69M 4.27%	279.35K	7.55K
ISHARES TRDFND	CORE MSCI TOTAL	1.57M	SH	$129.77M 3.15%	1.52M	56.09K
LOWES COS INCOTR	COM	435.27K	SH	$109.39M 2.66%	435.27K	0.00
VANGUARD BD INDEX FDSOTR	TOTAL BND MRKT	1.43M	SH	$106.12M 2.58%	1.37M	55.72K
APPLE INCSOLE	COM	379.61K	SH	$96.66M 2.35%	376.86K	2.75K
VANGUARD INDEX FDSSOLE	TOTAL STK MKT	280.81K	SH	$92.15M 2.24%	266.32K	14.49K
ISHARES TROTR	RUS 1000 ETF	246.92K	SH	$90.25M 2.19%	234.15K	12.77K
ISHARES TROTR	CORE S&P500 ETF	131.51K	SH	$88.02M 2.14%	131.26K	250.00
ISHARES TRSOLE	CORE MSCI EAFE	811.83K	SH	$70.88M 1.72%	777.17K	34.67K
ISHARES TRSOLE	MSCI EAFE ETF	707.62K	SH	$66.07M 1.60%	658K	49.62K
ISHARES TRSOLE	RUS 1000 GRW ETF	129.20K	SH	$60.52M 1.47%	116.19K	13.01K
BALL CORPSOLE	COM	1.14M	SH	$57.54M 1.40%	1.14M	0.00
VANGUARD STAR FDSSOLE	VG TL INTL STK F	747.25K	SH	$54.89M 1.33%	732.90K	14.34K
INVESCO QQQ TROTR	UNIT SER 1	86.66K	SH	$52.03M 1.26%	73.32K	13.35K
ISHARES TRSOLE	CONV BD ETF	496.27K	SH	$49.65M 1.21%	472.24K	24.02K
ISHARES TRSOLE	RUS MD CP GR ETF	334.63K	SH	$47.66M 1.16%	290.31K	44.32K
ISHARES TROTR	RUS MDCP VAL ETF	330.63K	SH	$46.18M 1.12%	303.30K	27.34K
ISHARES TRSOLE	RUS 2000 VAL ETF	258.54K	SH	$45.71M 1.11%	235.03K	23.50K
ISHARES TROTR	MSCI ACWI EX US	693.96K	SH	$45.11M 1.10%	656.27K	37.68K
VANGUARD INDEX FDSOTR	MID CAP ETF	150.51K	SH	$44.21M 1.07%	148.54K	1.97K
ISHARES TRSOLE	SELECT DIVID ETF	306.32K	SH	$43.53M 1.06%	260K	46.31K
MICROSOFT CORPSOLE	COM	70.91K	SH	$36.73M 0.89%	70.71K	200.00

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