FIRST UNITED BANK & TRUST

Filed: 1/16/2025ACC: 0001104659-25-004190

📋 What this filing means

FIRST UNITED BANK & TRUST filed this quarterly 13F‑HR report disclosing 377 equity positions with a total reported market value of $275.32M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

377

Positions

$275.32M

Total AUM (reported)

2.08M

Total Shares

Allocation by class

COM$105.34M38.3%

UNIT SER 1$18.70M6.8%

VALUE ETF$13.40M4.9%

CL A$9.63M3.5%

GROWTH ETF$9.62M3.5%

S&P 500 ETF SHS$9.52M3.5%

SELECT DIVID ETF$7.29M2.6%

Portfolio Concentration

Top 3$41.93M15.2%

4–10$49.82M18.1%

11–25$59.76M21.7%

Rest$123.82M45.0%

Top 3 weight

15.2%

Top 10 weight

33.3%

Voting Authority Distribution

Total shares with voting rights: 2.08M

Sole

Full voting authority

2.08M

% of voting shares100.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

0.00

% of voting shares0.0%

Investment Discretion (by position count)

Sole203

Shared0

Other174

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings377

Rows:

Invesco QQQ Unit Series 1

DFND

UNIT SER 1

Shares36.58K

TypeSH

Market value$18.70M

6.79%

Sole

36.58K

Shared

0.00

None

0.00

Vanguard Value ETF

DFND

VALUE ETF

Shares79.13K

TypeSH

Market value$13.40M

4.87%

Sole

79.13K

Shared

0.00

None

0.00

Apple Inc Com

DFND

COM

Shares39.27K

TypeSH

Market value$9.84M

3.57%

Sole

39.27K

Shared

0.00

None

0.00

Vanguard Growth ETF

DFND

GROWTH ETF

Shares23.43K

TypeSH

Market value$9.62M

3.49%

Sole

23.43K

Shared

0.00

None

0.00

Vanguard Index FDS S&P 500 ETF Shs

DFND

S&P 500 ETF SHS

Shares17.67K

TypeSH

Market value$9.52M

3.46%

Sole

17.67K

Shared

0.00

None

0.00

Microsoft Corp Com

DFND

COM

Shares17.32K

TypeSH

Market value$7.30M

2.65%

Sole

17.32K

Shared

0.00

None

0.00

iShares Select Dividend ETF

DFND

SELECT DIVID ETF

Shares55.54K

TypeSH

Market value$7.29M

2.65%

Sole

55.54K

Shared

0.00

None

0.00

Invesco S&P 500 Equal Weight

DFND

S&P500 EQL WGT

Shares35.19K

TypeSH

Market value$6.17M

2.24%

Sole

35.19K

Shared

0.00

None

0.00

Invesco S&P 500 Garp ETF

DFND

S&P 500 GARP ETF

Shares48.89K

TypeSH

Market value$5.13M

1.86%

Sole

48.89K

Shared

0.00

None

0.00

Flexshares Stoxx US ESG Impact Index

SOLE

STOX US ESG SLCT

Shares34.82K

TypeSH

Market value$4.80M

1.74%

Sole

34.82K

Shared

0.00

None

0.00

Vanguard Index FDS McAp GR Idxvip

DFND

MCAP GR IDXVIP

Shares18.80K

TypeSH

Market value$4.77M

1.73%

Sole

18.80K

Shared

0.00

None

0.00

Vanguard Mid-Cap ETF

DFND

MID CAP ETF

Shares17.31K

TypeSH

Market value$4.57M

1.66%

Sole

17.31K

Shared

0.00

None

0.00

Alphabet Inc

DFND

CAP STK CL A

Shares24K

TypeSH

Market value$4.54M

1.65%

Sole

24K

Shared

0.00

None

0.00

Nvidia Corp

DFND

COM

Shares33.41K

TypeSH

Market value$4.49M

1.63%

Sole

33.41K

Shared

0.00

None

0.00

J P Morgan Chase & Co

DFND

COM

Shares18.21K

TypeSH

Market value$4.36M

1.59%

Sole

18.21K

Shared

0.00

None

0.00

Vanguard Index FDS McAp Vl Idxvip

DFND

MCAP VL IDXVIP

Shares26.60K

TypeSH

Market value$4.30M

1.56%

Sole

26.60K

Shared

0.00

None

0.00

Erie Indty Co CL A

DFND

CL A

Shares10K

TypeSH

Market value$4.12M

1.50%

Sole

10K

Shared

0.00

None

0.00

SPDR S&P 500 Index

DFND

TR UNIT

Shares6.72K

TypeSH

Market value$3.94M

1.43%

Sole

6.72K

Shared

0.00

None

0.00

iShares Core S&P 500 ETF

SOLE

CORE S&P500 ETF

Shares6.58K

TypeSH

Market value$3.87M

1.41%

Sole

6.58K

Shared

0.00

None

0.00

Vanguard Index FDS Small CP ETF

DFND

SMALL CP ETF

Shares16.11K

TypeSH

Market value$3.87M

1.41%

Sole

16.11K

Shared

0.00

None

0.00

Fideltiy Total Bond ETF

DFND

TOTAL BD ETF

Shares81.46K

TypeSH

Market value$3.66M

1.33%

Sole

81.46K

Shared

0.00

None

0.00

Lowes Cos Inc Com

DFND

COM

Shares14.33K

TypeSH

Market value$3.54M

1.28%

Sole

14.33K

Shared

0.00

None

0.00

iShares Tr Core MSCI Eafe ETF

DFND

CORE MSCI EAFE

Shares48.65K

TypeSH

Market value$3.42M

1.24%

Sole

48.65K

Shared

0.00

None

0.00

Flexshares Tr Hig Yld Vl ETF

DFND

HIG YLD VL ETF

Shares77.53K

TypeSH

Market value$3.15M

1.15%

Sole

77.53K

Shared

0.00

None

0.00

iShares Russell 1000 Growth ETF

SOLE

RUS 1000 GRW ETF

Shares7.84K

TypeSH

Market value$3.15M

1.14%

Sole

7.84K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
Invesco QQQ Unit Series 1DFND	UNIT SER 1	36.58K	SH	$18.70M 6.79%	36.58K
Vanguard Value ETFDFND	VALUE ETF	79.13K	SH	$13.40M 4.87%	79.13K
Apple Inc ComDFND	COM	39.27K	SH	$9.84M 3.57%	39.27K
Vanguard Growth ETFDFND	GROWTH ETF	23.43K	SH	$9.62M 3.49%	23.43K
Vanguard Index FDS S&P 500 ETF ShsDFND	S&P 500 ETF SHS	17.67K	SH	$9.52M 3.46%	17.67K
Microsoft Corp ComDFND	COM	17.32K	SH	$7.30M 2.65%	17.32K
iShares Select Dividend ETFDFND	SELECT DIVID ETF	55.54K	SH	$7.29M 2.65%	55.54K
Invesco S&P 500 Equal WeightDFND	S&P500 EQL WGT	35.19K	SH	$6.17M 2.24%	35.19K
Invesco S&P 500 Garp ETFDFND	S&P 500 GARP ETF	48.89K	SH	$5.13M 1.86%	48.89K
Flexshares Stoxx US ESG Impact IndexSOLE	STOX US ESG SLCT	34.82K	SH	$4.80M 1.74%	34.82K
Vanguard Index FDS McAp GR IdxvipDFND	MCAP GR IDXVIP	18.80K	SH	$4.77M 1.73%	18.80K
Vanguard Mid-Cap ETFDFND	MID CAP ETF	17.31K	SH	$4.57M 1.66%	17.31K
Alphabet IncDFND	CAP STK CL A	24K	SH	$4.54M 1.65%	24K
Nvidia CorpDFND	COM	33.41K	SH	$4.49M 1.63%	33.41K
J P Morgan Chase & CoDFND	COM	18.21K	SH	$4.36M 1.59%	18.21K
Vanguard Index FDS McAp Vl IdxvipDFND	MCAP VL IDXVIP	26.60K	SH	$4.30M 1.56%	26.60K
Erie Indty Co CL ADFND	CL A	10K	SH	$4.12M 1.50%	10K
SPDR S&P 500 IndexDFND	TR UNIT	6.72K	SH	$3.94M 1.43%	6.72K
iShares Core S&P 500 ETFSOLE	CORE S&P500 ETF	6.58K	SH	$3.87M 1.41%	6.58K
Vanguard Index FDS Small CP ETFDFND	SMALL CP ETF	16.11K	SH	$3.87M 1.41%	16.11K
Fideltiy Total Bond ETFDFND	TOTAL BD ETF	81.46K	SH	$3.66M 1.33%	81.46K
Lowes Cos Inc ComDFND	COM	14.33K	SH	$3.54M 1.28%	14.33K
iShares Tr Core MSCI Eafe ETFDFND	CORE MSCI EAFE	48.65K	SH	$3.42M 1.24%	48.65K
Flexshares Tr Hig Yld Vl ETFDFND	HIG YLD VL ETF	77.53K	SH	$3.15M 1.15%	77.53K
iShares Russell 1000 Growth ETFSOLE	RUS 1000 GRW ETF	7.84K	SH	$3.15M 1.14%	7.84K

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