FIRST UNITED BANK & TRUST

Filed: 4/15/2025ACC: 0001104659-25-035174

📋 What this filing means

FIRST UNITED BANK & TRUST filed this quarterly 13F‑HR report disclosing 402 equity positions with a total reported market value of $267.66M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

402

Positions

$267.66M

Total AUM (reported)

2.13M

Total Shares

Allocation by class

COM$99.12M37.0%

UNIT SER 1$15.86M5.9%

VALUE ETF$13.91M5.2%

CL A$9.64M3.6%

S&P 500 ETF SHS$9.14M3.4%

SELECT DIVID ETF$8.20M3.1%

GROWTH ETF$8.05M3.0%

Portfolio Concentration

Top 3$38.91M14.5%

4–10$48.52M18.1%

11–25$59.40M22.2%

Rest$120.83M45.1%

Top 3 weight

14.5%

Top 10 weight

32.7%

Voting Authority Distribution

Total shares with voting rights: 2.13M

Sole

Full voting authority

2.13M

% 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)

Sole201

Shared0

Other201

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings402

Rows:

Invesco QQQ Unit Series 1

DFND

UNIT SER 1

Shares33.83K

TypeSH

Market value$15.86M

5.93%

Sole

33.83K

Shared

0.00

None

0.00

Vanguard Value ETF

DFND

VALUE ETF

Shares80.53K

TypeSH

Market value$13.91M

5.20%

Sole

80.53K

Shared

0.00

None

0.00

Vanguard Index FDS S&P 500 ETF Shs

DFND

S&P 500 ETF SHS

Shares17.78K

TypeSH

Market value$9.14M

3.41%

Sole

17.78K

Shared

0.00

None

0.00

Apple Inc Com

DFND

COM

Shares38.55K

TypeSH

Market value$8.56M

3.20%

Sole

38.55K

Shared

0.00

None

0.00

iShares Select Dividend ETF

DFND

SELECT DIVID ETF

Shares61.07K

TypeSH

Market value$8.20M

3.06%

Sole

61.07K

Shared

0.00

None

0.00

Vanguard Growth ETF

DFND

GROWTH ETF

Shares21.72K

TypeSH

Market value$8.05M

3.01%

Sole

21.72K

Shared

0.00

None

0.00

Invesco S&P 500 Equal Weight

DFND

S&P500 EQL WGT

Shares42.14K

TypeSH

Market value$7.30M

2.73%

Sole

42.14K

Shared

0.00

None

0.00

Microsoft Corp Com

DFND

COM

Shares16.83K

TypeSH

Market value$6.32M

2.36%

Sole

16.83K

Shared

0.00

None

0.00

Invesco S&P 500 Garp ETF

DFND

S&P 500 GARP ETF

Shares53.53K

TypeSH

Market value$5.35M

2.00%

Sole

53.53K

Shared

0.00

None

0.00

Vanguard Mid-Cap ETF

DFND

MID CAP ETF

Shares18.32K

TypeSH

Market value$4.74M

1.77%

Sole

18.32K

Shared

0.00

None

0.00

Fideltiy Total Bond ETF

DFND

TOTAL BD ETF

Shares102.36K

TypeSH

Market value$4.67M

1.75%

Sole

102.36K

Shared

0.00

None

0.00

Vanguard Index FDS McAp GR Idxvip

DFND

MCAP GR IDXVIP

Shares18.86K

TypeSH

Market value$4.61M

1.72%

Sole

18.86K

Shared

0.00

None

0.00

Flexshares Tr Hig Yld Vl ETF

DFND

HIG YLD VL ETF

Shares110.59K

TypeSH

Market value$4.47M

1.67%

Sole

110.59K

Shared

0.00

None

0.00

J P Morgan Chase & Co

DFND

COM

Shares17.90K

TypeSH

Market value$4.39M

1.64%

Sole

17.90K

Shared

0.00

None

0.00

Vanguard Index FDS McAp Vl Idxvip

DFND

MCAP VL IDXVIP

Shares27.21K

TypeSH

Market value$4.37M

1.63%

Sole

27.21K

Shared

0.00

None

0.00

Erie Indty Co CL A

DFND

CL A

Shares10K

TypeSH

Market value$4.19M

1.57%

Sole

10K

Shared

0.00

None

0.00

Flexshares Stoxx US ESG Impact Index

DFND

STOX US ESG SLCT

Shares29.64K

TypeSH

Market value$3.98M

1.49%

Sole

29.64K

Shared

0.00

None

0.00

iShares Tr Core MSCI Eafe ETF

DFND

CORE MSCI EAFE

Shares52.12K

TypeSH

Market value$3.94M

1.47%

Sole

52.12K

Shared

0.00

None

0.00

iShares Core S&P 500 ETF

SOLE

CORE S&P500 ETF

Shares6.75K

TypeSH

Market value$3.79M

1.42%

Sole

6.75K

Shared

0.00

None

0.00

SPDR S&P 500 Index

DFND

TR UNIT

Shares6.49K

TypeSH

Market value$3.63M

1.36%

Sole

6.49K

Shared

0.00

None

0.00

Alphabet Inc

DFND

CAP STK CL A

Shares23.39K

TypeSH

Market value$3.62M

1.35%

Sole

23.39K

Shared

0.00

None

0.00

Nvidia Corp

DFND

COM

Shares32.66K

TypeSH

Market value$3.54M

1.32%

Sole

32.66K

Shared

0.00

None

0.00

Vanguard Index FDS Small CP ETF

DFND

SMALL CP ETF

Shares15.96K

TypeSH

Market value$3.54M

1.32%

Sole

15.96K

Shared

0.00

None

0.00

Arista Networks Inc Ordinary Shares

DFND

COM SHS

Shares43.50K

TypeSH

Market value$3.37M

1.26%

Sole

43.50K

Shared

0.00

None

0.00

Lowes Cos Inc Com

DFND

COM

Shares14.08K

TypeSH

Market value$3.28M

1.23%

Sole

14.08K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
Invesco QQQ Unit Series 1DFND	UNIT SER 1	33.83K	SH	$15.86M 5.93%	33.83K
Vanguard Value ETFDFND	VALUE ETF	80.53K	SH	$13.91M 5.20%	80.53K
Vanguard Index FDS S&P 500 ETF ShsDFND	S&P 500 ETF SHS	17.78K	SH	$9.14M 3.41%	17.78K
Apple Inc ComDFND	COM	38.55K	SH	$8.56M 3.20%	38.55K
iShares Select Dividend ETFDFND	SELECT DIVID ETF	61.07K	SH	$8.20M 3.06%	61.07K
Vanguard Growth ETFDFND	GROWTH ETF	21.72K	SH	$8.05M 3.01%	21.72K
Invesco S&P 500 Equal WeightDFND	S&P500 EQL WGT	42.14K	SH	$7.30M 2.73%	42.14K
Microsoft Corp ComDFND	COM	16.83K	SH	$6.32M 2.36%	16.83K
Invesco S&P 500 Garp ETFDFND	S&P 500 GARP ETF	53.53K	SH	$5.35M 2.00%	53.53K
Vanguard Mid-Cap ETFDFND	MID CAP ETF	18.32K	SH	$4.74M 1.77%	18.32K
Fideltiy Total Bond ETFDFND	TOTAL BD ETF	102.36K	SH	$4.67M 1.75%	102.36K
Vanguard Index FDS McAp GR IdxvipDFND	MCAP GR IDXVIP	18.86K	SH	$4.61M 1.72%	18.86K
Flexshares Tr Hig Yld Vl ETFDFND	HIG YLD VL ETF	110.59K	SH	$4.47M 1.67%	110.59K
J P Morgan Chase & CoDFND	COM	17.90K	SH	$4.39M 1.64%	17.90K
Vanguard Index FDS McAp Vl IdxvipDFND	MCAP VL IDXVIP	27.21K	SH	$4.37M 1.63%	27.21K
Erie Indty Co CL ADFND	CL A	10K	SH	$4.19M 1.57%	10K
Flexshares Stoxx US ESG Impact IndexDFND	STOX US ESG SLCT	29.64K	SH	$3.98M 1.49%	29.64K
iShares Tr Core MSCI Eafe ETFDFND	CORE MSCI EAFE	52.12K	SH	$3.94M 1.47%	52.12K
iShares Core S&P 500 ETFSOLE	CORE S&P500 ETF	6.75K	SH	$3.79M 1.42%	6.75K
SPDR S&P 500 IndexDFND	TR UNIT	6.49K	SH	$3.63M 1.36%	6.49K
Alphabet IncDFND	CAP STK CL A	23.39K	SH	$3.62M 1.35%	23.39K
Nvidia CorpDFND	COM	32.66K	SH	$3.54M 1.32%	32.66K
Vanguard Index FDS Small CP ETFDFND	SMALL CP ETF	15.96K	SH	$3.54M 1.32%	15.96K
Arista Networks Inc Ordinary SharesDFND	COM SHS	43.50K	SH	$3.37M 1.26%	43.50K
Lowes Cos Inc ComDFND	COM	14.08K	SH	$3.28M 1.23%	14.08K

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