FIRST UNITED BANK & TRUST

Filed: 4/21/2026ACC: 0001104659-26-046124

📋 What this filing means

FIRST UNITED BANK & TRUST filed this quarterly 13F‑HR report disclosing 395 equity positions with a total reported market value of $307.92M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

395

Positions

$307.92M

Total AUM (reported)

2.22M

Total Shares

Allocation by class

COM$102.62M33.3%

UNIT SER 1$19.06M6.2%

VALUE ETF$17.42M5.7%

SELECT DIVID ETF$11.36M3.7%

S&P 500 ETF SHS$11.06M3.6%

MID CAP ETF$9.69M3.1%

GROWTH ETF$9.68M3.1%

Portfolio Concentration

Top 3$47.84M15.5%

4–10$64.38M20.9%

11–25$67.71M22.0%

Rest$127.99M41.6%

Top 3 weight

15.5%

Top 10 weight

36.4%

Voting Authority Distribution

Total shares with voting rights: 2.22M

Sole

Full voting authority

2.22M

% 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)

Sole183

Shared0

Other212

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings395

Rows:

Invesco QQQ Unit Series 1

DFND

UNIT SER 1

Shares33.02K

TypeSH

Market value$19.06M

6.19%

Sole

33.02K

Shared

0.00

None

0.00

Vanguard Value ETF

DFND

VALUE ETF

Shares88.81K

TypeSH

Market value$17.42M

5.66%

Sole

88.81K

Shared

0.00

None

0.00

iShares Select Dividend ETF

DFND

SELECT DIVID ETF

Shares75.02K

TypeSH

Market value$11.36M

3.69%

Sole

75.02K

Shared

0.00

None

0.00

Vanguard Index FDS S&P 500 ETF Shs

DFND

S&P 500 ETF SHS

Shares18.51K

TypeSH

Market value$11.06M

3.59%

Sole

18.51K

Shared

0.00

None

0.00

Vanguard Mid-Cap ETF

DFND

MID CAP ETF

Shares33.74K

TypeSH

Market value$9.69M

3.15%

Sole

33.74K

Shared

0.00

None

0.00

Vanguard Growth ETF

DFND

GROWTH ETF

Shares22.15K

TypeSH

Market value$9.68M

3.14%

Sole

22.15K

Shared

0.00

None

0.00

iShares Tr Core MSCI Eafe ETF

DFND

CORE MSCI EAFE

Shares102.01K

TypeSH

Market value$9.23M

3.00%

Sole

102.01K

Shared

0.00

None

0.00

Apple Inc Com

DFND

COM

Shares33.87K

TypeSH

Market value$8.60M

2.79%

Sole

33.87K

Shared

0.00

None

0.00

Invesco S&P 500 Equal Weight

DFND

S&P500 EQL WGT

Shares43.52K

TypeSH

Market value$8.35M

2.71%

Sole

43.52K

Shared

0.00

None

0.00

iShares in Core MSCI Emerging Mkts

DFND

CORE MSCI EMKT

Shares111.47K

TypeSH

Market value$7.77M

2.52%

Sole

111.47K

Shared

0.00

None

0.00

Vanguard Index FDS Small CP ETF

DFND

SMALL CP ETF

Shares23.26K

TypeSH

Market value$6.09M

1.98%

Sole

23.26K

Shared

0.00

None

0.00

Vanguard Index FDS McAp Vl Idxvip

DFND

MCAP VL IDXVIP

Shares32.96K

TypeSH

Market value$6.07M

1.97%

Sole

32.96K

Shared

0.00

None

0.00

Vanguard Index FDS McAp GR Idxvip

DFND

MCAP GR IDXVIP

Shares21.52K

TypeSH

Market value$5.54M

1.80%

Sole

21.52K

Shared

0.00

None

0.00

Microsoft Corp Com

DFND

COM

Shares14.63K

TypeSH

Market value$5.42M

1.76%

Sole

14.63K

Shared

0.00

None

0.00

Fideltiy Total Bond ETF

DFND

TOTAL BD ETF

Shares112.35K

TypeSH

Market value$5.13M

1.66%

Sole

112.35K

Shared

0.00

None

0.00

Alphabet Inc

DFND

CAP STK CL A

Shares17.21K

TypeSH

Market value$4.95M

1.61%

Sole

17.21K

Shared

0.00

None

0.00

J P Morgan Chase & Co

DFND

COM

Shares15.73K

TypeSH

Market value$4.63M

1.50%

Sole

15.73K

Shared

0.00

None

0.00

iShares Core S&P 500 ETF

SOLE

CORE S&P500 ETF

Shares6.65K

TypeSH

Market value$4.35M

1.41%

Sole

6.65K

Shared

0.00

None

0.00

Flexshares Tr Hig Yld Vl ETF

DFND

HIG YLD VL ETF

Shares107.08K

TypeSH

Market value$4.29M

1.39%

Sole

107.08K

Shared

0.00

None

0.00

SPDR S&P 500 Index

DFND

TR UNIT

Shares6.02K

TypeSH

Market value$3.92M

1.27%

Sole

6.02K

Shared

0.00

None

0.00

Invesco S&P 500 Garp ETF

DFND

S&P 500 GARP ETF

Shares36.29K

TypeSH

Market value$3.91M

1.27%

Sole

36.29K

Shared

0.00

None

0.00

Nvidia Corp

DFND

COM

Shares22.11K

TypeSH

Market value$3.86M

1.25%

Sole

22.11K

Shared

0.00

None

0.00

Arista Networks Inc Ordinary Shares

DFND

COM SHS

Shares27.87K

TypeSH

Market value$3.42M

1.11%

Sole

27.87K

Shared

0.00

None

0.00

iShares Russell 1000 Growth ETF

SOLE

RUS 1000 GRW ETF

Shares7.26K

TypeSH

Market value$3.10M

1.01%

Sole

7.26K

Shared

0.00

None

0.00

McDonalds Corp Com

DFND

COM

Shares9.82K

TypeSH

Market value$3.05M

0.99%

Sole

9.82K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
Invesco QQQ Unit Series 1DFND	UNIT SER 1	33.02K	SH	$19.06M 6.19%	33.02K
Vanguard Value ETFDFND	VALUE ETF	88.81K	SH	$17.42M 5.66%	88.81K
iShares Select Dividend ETFDFND	SELECT DIVID ETF	75.02K	SH	$11.36M 3.69%	75.02K
Vanguard Index FDS S&P 500 ETF ShsDFND	S&P 500 ETF SHS	18.51K	SH	$11.06M 3.59%	18.51K
Vanguard Mid-Cap ETFDFND	MID CAP ETF	33.74K	SH	$9.69M 3.15%	33.74K
Vanguard Growth ETFDFND	GROWTH ETF	22.15K	SH	$9.68M 3.14%	22.15K
iShares Tr Core MSCI Eafe ETFDFND	CORE MSCI EAFE	102.01K	SH	$9.23M 3.00%	102.01K
Apple Inc ComDFND	COM	33.87K	SH	$8.60M 2.79%	33.87K
Invesco S&P 500 Equal WeightDFND	S&P500 EQL WGT	43.52K	SH	$8.35M 2.71%	43.52K
iShares in Core MSCI Emerging MktsDFND	CORE MSCI EMKT	111.47K	SH	$7.77M 2.52%	111.47K
Vanguard Index FDS Small CP ETFDFND	SMALL CP ETF	23.26K	SH	$6.09M 1.98%	23.26K
Vanguard Index FDS McAp Vl IdxvipDFND	MCAP VL IDXVIP	32.96K	SH	$6.07M 1.97%	32.96K
Vanguard Index FDS McAp GR IdxvipDFND	MCAP GR IDXVIP	21.52K	SH	$5.54M 1.80%	21.52K
Microsoft Corp ComDFND	COM	14.63K	SH	$5.42M 1.76%	14.63K
Fideltiy Total Bond ETFDFND	TOTAL BD ETF	112.35K	SH	$5.13M 1.66%	112.35K
Alphabet IncDFND	CAP STK CL A	17.21K	SH	$4.95M 1.61%	17.21K
J P Morgan Chase & CoDFND	COM	15.73K	SH	$4.63M 1.50%	15.73K
iShares Core S&P 500 ETFSOLE	CORE S&P500 ETF	6.65K	SH	$4.35M 1.41%	6.65K
Flexshares Tr Hig Yld Vl ETFDFND	HIG YLD VL ETF	107.08K	SH	$4.29M 1.39%	107.08K
SPDR S&P 500 IndexDFND	TR UNIT	6.02K	SH	$3.92M 1.27%	6.02K
Invesco S&P 500 Garp ETFDFND	S&P 500 GARP ETF	36.29K	SH	$3.91M 1.27%	36.29K
Nvidia CorpDFND	COM	22.11K	SH	$3.86M 1.25%	22.11K
Arista Networks Inc Ordinary SharesDFND	COM SHS	27.87K	SH	$3.42M 1.11%	27.87K
iShares Russell 1000 Growth ETFSOLE	RUS 1000 GRW ETF	7.26K	SH	$3.10M 1.01%	7.26K
McDonalds Corp ComDFND	COM	9.82K	SH	$3.05M 0.99%	9.82K

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