FIRST UNITED BANK & TRUST Q4 2025 Filing

Filed January 21, 2026

Portfolio Value

$313.3M

Holdings

394

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (394 positions)

#	Stock	Shares	Value	% Portfolio
1	NDQInvesco QQQ Unit Series 1	35,229	$21.6M	6.91%
2	VTVVanguard Value ETF	90,257	$17.2M	5.50%
3	VOOVanguard Index FDS S&P 500 ETF Shs	20,654	$13.0M	4.13%
4	VUGVanguard Growth ETF	23,931	$11.7M	3.73%
5	AAPLApple Inc Com	36,111	$9.8M	3.13%
6	AQLTiShares Select Dividend ETF	65,081	$9.2M	2.93%
7	MSFTMicrosoft Corp Com	15,361	$7.4M	2.37%
8	AQLTiShares Tr Core MSCI Eafe ETF	79,397	$7.1M	2.27%
9	GOOGLAlphabet Inc	22,587	$7.1M	2.26%
10	VOVanguard Mid-Cap ETF	24,090	$7.0M	2.23%
11	RSPInvesco S&P 500 Equal Weight	33,906	$6.5M	2.07%
12	JPMJ P Morgan Chase & Co	17,334	$5.6M	1.78%
13	NVDANvidia Corp	28,888	$5.4M	1.72%
14	VOEVanguard Index FDS McAp Vl Idxvip	29,498	$5.2M	1.67%
15	ANETArista Networks Inc Ordinary Shares	39,474	$5.2M	1.65%
16	VOTVanguard Index FDS McAp GR Idxvip	18,508	$5.2M	1.65%
17	FBNDFideltiy Total Bond ETF	108,389	$5.0M	1.59%
18	SPGPInvesco S&P 500 Garp ETF	42,607	$4.9M	1.55%
19	IEMGiShares in Core MSCI Emerging Mkts	69,246	$4.7M	1.49%
20	IVViShares Core S&P 500 ETF	6,718	$4.6M	1.47%
21	SPYSPDR S&P 500 Index	6,292	$4.3M	1.37%
22	HYGVFlexshares Tr Hig Yld Vl ETF	104,670	$4.3M	1.36%
23	VBVanguard Index FDS Small CP ETF	16,343	$4.2M	1.34%
24	ESGFlexshares Stoxx US ESG Impact Index	26,150	$4.1M	1.32%
25	IWFiShares Russell 1000 Growth ETF	7,627	$3.6M	1.15%
26	LOWLowes Cos Inc Com	13,597	$3.3M	1.05%
27	IYWiShares Dow Jones US Technology	15,816	$3.2M	1.01%
28	MCDMcDonalds Corp Com	9,999	$3.1M	0.98%
29	IWRiShares Russell Mid-Cap ETF	28,965	$2.8M	0.89%
30	AMZNAmazon Com Inc Com	12,039	$2.8M	0.89%
31	PNCPNC Finl Svcs Group Inc Com	12,123	$2.5M	0.81%
32	PGProcter & Gamble Co Com	16,555	$2.4M	0.76%
33	MAMastercard Inc	4,075	$2.3M	0.74%
34	DHRDanaher Corp Del Com	10,104	$2.3M	0.74%
35	VBRVanguard Small-Cap Value ETF	10,832	$2.3M	0.73%
36	HONHoneywell Intl Inc Com	11,079	$2.2M	0.69%
37	COSTCostco Whsl Corp New	2,505	$2.2M	0.69%
38	SOSouthern Co Com	23,824	$2.1M	0.66%
39	CSCOCisco Sys Inc Com	26,971	$2.1M	0.66%
40	ISRGIntuituve Surgical Inc	3,653	$2.1M	0.66%
41	BXBlackstone Group Inc	13,263	$2.0M	0.65%
42	ABTAbbott Labs Com	15,975	$2.0M	0.64%
43	AMGNAmgen Inc Com	5,957	$1.9M	0.62%
44	CVXChevrontexaco	12,475	$1.9M	0.61%
45	CSXCSX Corp Com	50,956	$1.8M	0.59%
46	BNDVanguard Bond Index Fund Inctotal Bd Market	24,583	$1.8M	0.58%
47	GQ9SPDR Gold Trust ETF	4,353	$1.7M	0.55%
48	PULSPGIM Ultra-Short Bond ETF	34,745	$1.7M	0.55%
49	MTBM & T Bank Corp	8,333	$1.7M	0.54%
50	XLKSelect Sector SPDR Tr Technology	10,132	$1.5M	0.47%
51	CMECME Group Inc	5,258	$1.4M	0.46%
52	JNJJohnson & Johnson Com	6,907	$1.4M	0.46%
53	PEPPepsiCo Inc Com	9,812	$1.4M	0.45%
54	ITWIllinois Tool WKS Inc	5,709	$1.4M	0.45%
55	VLOValero Energy New	8,320	$1.4M	0.43%
56	WMTWal Mart Stores Inc Com	11,302	$1.3M	0.40%
57	XOMExxon Mobil Corp Com	10,168	$1.2M	0.39%
58	BKLNInvesco Sr Loan ETF	55,358	$1.2M	0.37%
59	ECLEcolab Inc	4,420	$1.2M	0.37%
60	FTNTFortinet Inc Com	14,540	$1.2M	0.37%
61	BACVerizon Communications	27,759	$1.1M	0.36%
62	PWRQuanta Services Inc	2,559	$1.1M	0.34%
63	VBKVanguard Index FDS Sml CP Grw ETF	3,535	$1.1M	0.34%
64	BRK/BBerkshire Hathaway B	2,104	$1.1M	0.34%
65	HYDVaneck Vec High Yld Mun ETF	20,181	$1.0M	0.33%
66	FLOTiShares Floating Rate Bond	20,120	$1.0M	0.33%
67	PANWPalo Alto Networks Inc Com	5,513	$1.0M	0.32%
68	GOOGAlphabet Inc	3,223	$1.0M	0.32%
69	TSLATesla Inc Com	2,215	$995K	0.32%
70	ROPRoper Technologies Inc	2,225	$990K	0.32%
71	LLYLilly Eli & Co Com	895	$960K	0.31%
72	SHOPShopify Inc	5,855	$942K	0.30%
73	CRMSalesforce Com Inc	3,536	$936K	0.30%
74	HDHome Depot Inc Com	2,608	$897K	0.29%
75	CVSCVS/Caremark Corp	11,292	$895K	0.29%
76	MCKMcKesson Corp Com	1,075	$881K	0.28%
77	ERIEErie Indty Co CL A	3,000	$859K	0.27%
78	IBMInternational Business MacHscom	2,833	$838K	0.27%
79	CBRECBRE Group Inc CL A	5,196	$835K	0.27%
80	AMDAdvanced Micro Devices Inc Com	3,899	$835K	0.27%
81	IWPiShares Russell Midcap Growth ETF	6,060	$829K	0.26%
82	IWDiShares Russell 1000 Value ETF	3,867	$813K	0.26%
83	WECWEC Energy Group Inc	7,705	$812K	0.26%
84	RSGRepublic Svcs Inc Com	3,805	$806K	0.26%
85	GEVGe Vernova Inc Corp Com	1,231	$803K	0.26%
86	METAFacebook	1,170	$771K	0.25%
87	ORCLOracle Corp Com	3,953	$769K	0.25%
88	MCHPMicrochip Technology Inc. Com	11,335	$721K	0.23%
89	NEENextera Energy Inc	8,828	$708K	0.23%
90	NOWServicenow Inc	4,625	$708K	0.23%
91	TIPiShares TIPS Bond ETF	6,427	$706K	0.23%
92	PKGPackaging Corp of America	3,377	$696K	0.22%
93	XLCCommunication Services Select SPDR	5,695	$670K	0.21%
94	ETLP Energy Transfer Eq	39,936	$658K	0.21%
95	STIPiShares 0-5 Year TIPS Bond ETF	6,291	$644K	0.21%
96	TFCTruist Finl Corp Com	12,843	$631K	0.20%
97	NXSTNexstar Media Grop	3,095	$628K	0.20%
98	PMIOPGIM Municipal Income Opportunities ETF	12,075	$615K	0.20%
99	NOCNorthrop Grumman Corp	1,058	$603K	0.19%
100	GLGlobe Life Inc Ordinary Shares	4,265	$595K	0.19%

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