FIRST UNITED BANK & TRUST

Filed: 7/18/2025ACC: 0001104659-25-068849

📋 What this filing means

FIRST UNITED BANK & TRUST filed this quarterly 13F‑HR report disclosing 388 equity positions with a total reported market value of $286.86M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

388

Positions

$286.86M

Total AUM (reported)

2.07M

Total Shares

Allocation by class

COM$105.01M36.6%

UNIT SER 1$19.17M6.7%

VALUE ETF$15.56M5.4%

S&P 500 ETF SHS$11.11M3.9%

GROWTH ETF$10.00M3.5%

CL A$9.14M3.2%

SELECT DIVID ETF$7.90M2.8%

Portfolio Concentration

Top 3$45.84M16.0%

4–10$51.58M18.0%

11–25$63.29M22.1%

Rest$126.15M44.0%

Top 3 weight

16.0%

Top 10 weight

34.0%

Voting Authority Distribution

Total shares with voting rights: 2.07M

Sole

Full voting authority

2.07M

% 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)

Sole182

Shared0

Other206

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings388

Rows:

Invesco QQQ Unit Series 1

DFND

UNIT SER 1

Shares34.76K

TypeSH

Market value$19.17M

6.68%

Sole

34.76K

Shared

0.00

None

0.00

Vanguard Value ETF

DFND

VALUE ETF

Shares88.02K

TypeSH

Market value$15.56M

5.42%

Sole

88.02K

Shared

0.00

None

0.00

Vanguard Index FDS S&P 500 ETF Shs

DFND

S&P 500 ETF SHS

Shares19.56K

TypeSH

Market value$11.11M

3.87%

Sole

19.56K

Shared

0.00

None

0.00

Vanguard Growth ETF

DFND

GROWTH ETF

Shares22.82K

TypeSH

Market value$10.00M

3.49%

Sole

22.82K

Shared

0.00

None

0.00

Microsoft Corp Com

DFND

COM

Shares16.70K

TypeSH

Market value$8.31M

2.90%

Sole

16.70K

Shared

0.00

None

0.00

iShares Select Dividend ETF

DFND

SELECT DIVID ETF

Shares59.52K

TypeSH

Market value$7.90M

2.76%

Sole

59.52K

Shared

0.00

None

0.00

Apple Inc Com

DFND

COM

Shares37.65K

TypeSH

Market value$7.73M

2.69%

Sole

37.65K

Shared

0.00

None

0.00

Invesco S&P 500 Equal Weight

DFND

S&P500 EQL WGT

Shares40.39K

TypeSH

Market value$7.34M

2.56%

Sole

40.39K

Shared

0.00

None

0.00

Invesco S&P 500 Garp ETF

DFND

S&P 500 GARP ETF

Shares48.02K

TypeSH

Market value$5.17M

1.80%

Sole

48.02K

Shared

0.00

None

0.00

J P Morgan Chase & Co

DFND

COM

Shares17.68K

TypeSH

Market value$5.13M

1.79%

Sole

17.68K

Shared

0.00

None

0.00

iShares Tr Core MSCI Eafe ETF

DFND

CORE MSCI EAFE

Shares61.15K

TypeSH

Market value$5.10M

1.78%

Sole

61.15K

Shared

0.00

None

0.00

Vanguard Index FDS McAp GR Idxvip

DFND

MCAP GR IDXVIP

Shares17.36K

TypeSH

Market value$4.94M

1.72%

Sole

17.36K

Shared

0.00

None

0.00

Nvidia Corp

DFND

COM

Shares30.92K

TypeSH

Market value$4.88M

1.70%

Sole

30.92K

Shared

0.00

None

0.00

Vanguard Mid-Cap ETF

DFND

MID CAP ETF

Shares17.39K

TypeSH

Market value$4.87M

1.70%

Sole

17.39K

Shared

0.00

None

0.00

Fideltiy Total Bond ETF

DFND

TOTAL BD ETF

Shares104.39K

TypeSH

Market value$4.78M

1.66%

Sole

104.39K

Shared

0.00

None

0.00

Arista Networks Inc Ordinary Shares

DFND

COM SHS

Shares42.47K

TypeSH

Market value$4.35M

1.51%

Sole

42.47K

Shared

0.00

None

0.00

Vanguard Index FDS McAp Vl Idxvip

DFND

MCAP VL IDXVIP

Shares26.16K

TypeSH

Market value$4.30M

1.50%

Sole

26.16K

Shared

0.00

None

0.00

iShares Core S&P 500 ETF

SOLE

CORE S&P500 ETF

Shares6.75K

TypeSH

Market value$4.19M

1.46%

Sole

6.75K

Shared

0.00

None

0.00

Flexshares Stoxx US ESG Impact Index

DFND

STOX US ESG SLCT

Shares28.48K

TypeSH

Market value$4.18M

1.46%

Sole

28.48K

Shared

0.00

None

0.00

Alphabet Inc

DFND

CAP STK CL A

Shares23.27K

TypeSH

Market value$4.10M

1.43%

Sole

23.27K

Shared

0.00

None

0.00

SPDR S&P 500 Index

DFND

TR UNIT

Shares6.34K

TypeSH

Market value$3.92M

1.36%

Sole

6.34K

Shared

0.00

None

0.00

Flexshares Tr Hig Yld Vl ETF

DFND

HIG YLD VL ETF

Shares90.35K

TypeSH

Market value$3.71M

1.29%

Sole

90.35K

Shared

0.00

None

0.00

Erie Indty Co CL A

DFND

CL A

Shares10K

TypeSH

Market value$3.47M

1.21%

Sole

10K

Shared

0.00

None

0.00

Vanguard Index FDS Small CP ETF

DFND

SMALL CP ETF

Shares13.77K

TypeSH

Market value$3.26M

1.14%

Sole

13.77K

Shared

0.00

None

0.00

iShares Russell 1000 Growth ETF

SOLE

RUS 1000 GRW ETF

Shares7.66K

TypeSH

Market value$3.25M

1.13%

Sole

7.66K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
Invesco QQQ Unit Series 1DFND	UNIT SER 1	34.76K	SH	$19.17M 6.68%	34.76K
Vanguard Value ETFDFND	VALUE ETF	88.02K	SH	$15.56M 5.42%	88.02K
Vanguard Index FDS S&P 500 ETF ShsDFND	S&P 500 ETF SHS	19.56K	SH	$11.11M 3.87%	19.56K
Vanguard Growth ETFDFND	GROWTH ETF	22.82K	SH	$10.00M 3.49%	22.82K
Microsoft Corp ComDFND	COM	16.70K	SH	$8.31M 2.90%	16.70K
iShares Select Dividend ETFDFND	SELECT DIVID ETF	59.52K	SH	$7.90M 2.76%	59.52K
Apple Inc ComDFND	COM	37.65K	SH	$7.73M 2.69%	37.65K
Invesco S&P 500 Equal WeightDFND	S&P500 EQL WGT	40.39K	SH	$7.34M 2.56%	40.39K
Invesco S&P 500 Garp ETFDFND	S&P 500 GARP ETF	48.02K	SH	$5.17M 1.80%	48.02K
J P Morgan Chase & CoDFND	COM	17.68K	SH	$5.13M 1.79%	17.68K
iShares Tr Core MSCI Eafe ETFDFND	CORE MSCI EAFE	61.15K	SH	$5.10M 1.78%	61.15K
Vanguard Index FDS McAp GR IdxvipDFND	MCAP GR IDXVIP	17.36K	SH	$4.94M 1.72%	17.36K
Nvidia CorpDFND	COM	30.92K	SH	$4.88M 1.70%	30.92K
Vanguard Mid-Cap ETFDFND	MID CAP ETF	17.39K	SH	$4.87M 1.70%	17.39K
Fideltiy Total Bond ETFDFND	TOTAL BD ETF	104.39K	SH	$4.78M 1.66%	104.39K
Arista Networks Inc Ordinary SharesDFND	COM SHS	42.47K	SH	$4.35M 1.51%	42.47K
Vanguard Index FDS McAp Vl IdxvipDFND	MCAP VL IDXVIP	26.16K	SH	$4.30M 1.50%	26.16K
iShares Core S&P 500 ETFSOLE	CORE S&P500 ETF	6.75K	SH	$4.19M 1.46%	6.75K
Flexshares Stoxx US ESG Impact IndexDFND	STOX US ESG SLCT	28.48K	SH	$4.18M 1.46%	28.48K
Alphabet IncDFND	CAP STK CL A	23.27K	SH	$4.10M 1.43%	23.27K
SPDR S&P 500 IndexDFND	TR UNIT	6.34K	SH	$3.92M 1.36%	6.34K
Flexshares Tr Hig Yld Vl ETFDFND	HIG YLD VL ETF	90.35K	SH	$3.71M 1.29%	90.35K
Erie Indty Co CL ADFND	CL A	10K	SH	$3.47M 1.21%	10K
Vanguard Index FDS Small CP ETFDFND	SMALL CP ETF	13.77K	SH	$3.26M 1.14%	13.77K
iShares Russell 1000 Growth ETFSOLE	RUS 1000 GRW ETF	7.66K	SH	$3.25M 1.13%	7.66K

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