Who owns First National (FXNC)
Which tracked institutional funds hold FXNC, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FXNC company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on FXNC is one-sided between 2026-Q1 and 2026-Q2: 23 added or opened and 7 trimmed or exited — on balance accumulating.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
FXNC’s largest tracked holder by dollar value, Fourthstone LLC, sizes it at 14.8% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 14.8pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in FXNC divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 85 tracked filers holding FXNC, 51 increased or opened the position and 29 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in FXNC between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 5
- Qube Research & Technologies Ltd$2M
- RENAISSANCE TECHNOLOGIES LLC$1M
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$892K
- AQR CAPITAL MANAGEMENT LLC$797K
- XTX Topco Ltd$762K
Full exits 4
- Fourthstone LLC$21M
- ACADIAN ASSET MANAGEMENT LLC$3M
- ALLIANCEBERNSTEIN L.P.$545K
- STIFEL FINANCIAL CORP$524K
Largest adds
- BlackRock, Inc.$6M
- CITADEL ADVISORS LLC$3M
- AMERICAN CENTURY COMPANIES INC$3M
- DIMENSIONAL FUND ADVISORS LP$2M
- GOLDMAN SACHS GROUP INC$2M
- VANGUARD CAPITAL MANAGEMENT LLC$2M
Largest trims
- Siena Capital Partners GP, LLC$1M
- BANC FUNDS CO LLC$388K
- BRIDGEWAY CAPITAL MANAGEMENT, LLC$312K
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. added | 549,166 | $16M | 11.3% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 343,910 | $10M | 7.0% | 2026-Q2 |
| Petiole USA ltd trimmed | 305,340 | $9M | 6.3% | 2026-Q2 |
| Siena Capital Partners GP, LLC trimmed | 208,687 | $6M | 4.3% | 2026-Q2 |
| Cutler Capital Management, LLC trimmed | 203,809 | $6M | 4.2% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 196,713 | $6M | 4.0% | 2026-Q2 |
| STATE STREET CORP added | 146,258 | $4M | 3.0% | 2026-Q2 |
| De Lisle Partners LLP | 138,113 | $4M | 2.8% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 115,497 | $3M | 2.4% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 110,354 | $3M | 2.3% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 102,438 | $3M | 2.1% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 97,669 | $3M | 2.0% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 64,355 | $2M | 1.3% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 62,337 | $2M | 1.3% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 53,756 | $2M | 1.1% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 52,003 | $2M | 1.1% | 2026-Q2 |
| Nuveen, LLC added | 48,890 | $1M | 1.0% | 2026-Q2 |
| Piedmont Capital Management, LLC/NC | 42,955 | $1M | 0.9% | 2026-Q2 |
| MORGAN STANLEY added | 36,407 | $1M | 0.7% | 2026-Q2 |
| MARSHALL WACE, LLP added | 36,349 | $1M | 0.7% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC | 36,335 | $1M | 0.7% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 35,589 | $1M | 0.7% | 2026-Q2 |
| FIRST MANHATTAN CO. LLC. | 35,500 | $1M | 0.7% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC added | 33,500 | $1M | 0.7% | 2026-Q2 |
| Trexquant Investment LP added | 33,035 | $992K | 0.7% | 2026-Q2 |
| BANC FUNDS CO LLC trimmed | 31,374 | $942K | 0.6% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP new | 29,727 | $892K | 0.6% | 2026-Q2 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC trimmed | 29,614 | $889K | 0.6% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC new | 26,534 | $797K | 0.5% | 2026-Q2 |
| XTX Topco Ltd new | 25,379 | $762K | 0.5% | 2026-Q2 |
| BROWN BROTHERS HARRIMAN & CO | 24,696 | $741K | 0.5% | 2026-Q2 |
| HSBC HOLDINGS PLC added | 24,169 | $721K | 0.5% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 22,160 | $665K | 0.5% | 2026-Q2 |
| DAVENPORT & Co LLC | 20,912 | $628K | 0.4% | 2026-Q2 |
| Bank of New York Mellon Corp added | 20,665 | $620K | 0.4% | 2026-Q2 |
| OCCUDO QUANTITATIVE STRATEGIES LP added | 16,419 | $493K | 0.3% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 15,617 | $469K | 0.3% | 2026-Q2 |
| Squarepoint Ops LLC trimmed | 13,942 | $419K | 0.3% | 2026-Q2 |
| BARCLAYS PLC added | 13,798 | $414K | 0.3% | 2026-Q2 |
| Wealthcare Advisory Partners LLC trimmed | 13,658 | $410K | 0.3% | 2026-Q2 |
| UBS Group AG added | 12,699 | $381K | 0.3% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 11,427 | $343K | 0.2% | 2026-Q2 |
| FOUNDERS GROVE WEALTH PARTNERS, LLC | 10,954 | $329K | 0.2% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 10,515 | $316K | 0.2% | 2026-Q2 |
| GRACE & WHITE INC /NY | 10,478 | $315K | 0.2% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 9,955 | $299K | 0.2% | 2026-Q2 |
| Daytona Street Capital LLC | 10,000 | $292K | 0.2% | 2026-Q2 |
| SEI INVESTMENTS CO new | 9,583 | $288K | 0.2% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC new | 8,890 | $267K | 0.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 8,499 | $255K | 0.2% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 7,774 | $233K | 0.2% | 2026-Q2 |
| CITIGROUP INC added | 6,909 | $207K | 0.1% | 2026-Q2 |
| MetLife Investment Management, LLC | 4,872 | $146K | 0.1% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 4,678 | $140K | 0.1% | 2026-Q2 |
| NEW YORK STATE COMMON RETIREMENT FUND | 4,100 | $123K | 0.1% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 3,928 | $118K | 0.1% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 3,894 | $117K | 0.1% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed | 3,669 | $110K | 0.1% | 2026-Q2 |
| Vanguard Global Advisers, LLC | 2,542 | $76K | 0.1% | 2026-Q2 |
| Police & Firemen's Retirement System of New Jersey | 1,945 | $58K | 0.0% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP | 1,128 | $34K | 0.0% | 2026-Q2 |
| LOS ANGELES CAPITAL MANAGEMENT LLC trimmed | 1,117 | $34K | 0.0% | 2026-Q2 |
| Atlantic Union Bankshares Corp | 995 | $30K | 0.0% | 2026-Q2 |
| Ameritas Investment Partners, Inc. | 796 | $24K | 0.0% | 2026-Q2 |
| Legal & General Group Plc | 704 | $21K | 0.0% | 2026-Q2 |
| Tower Research Capital LLC (TRC) trimmed | 579 | $17K | 0.0% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 479 | $14K | 0.0% | 2026-Q2 |
| FMR LLC added | 415 | $12K | 0.0% | 2026-Q2 |
| Commonwealth Retirement Investments LLC new | 342 | $10K | 0.0% | 2026-Q2 |
| Sterling Capital Management LLC trimmed | 161 | $5K | 0.0% | 2026-Q2 |
| Arax Advisory Partners added | 114 | $3K | 0.0% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 110 | $3K | 0.0% | 2026-Q2 |
| IFP Advisors, Inc added | 105 | $3K | 0.0% | 2026-Q2 |
| FEDERATED HERMES, INC. new | 79 | $2K | 0.0% | 2026-Q2 |
| Allworth Financial LP added | 77 | $2K | 0.0% | 2026-Q2 |
| PNC Financial Services Group, Inc. added | 67 | $2K | 0.0% | 2026-Q2 |
| GAMMA Investing LLC trimmed | 50 | $2K | 0.0% | 2026-Q2 |
| EverSource Wealth Advisors, LLC trimmed | 35 | $1K | 0.0% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 31 | $931 | 0.0% | 2026-Q2 |
| ROTHSCHILD INVESTMENT LLC added | 31 | $931 | 0.0% | 2026-Q2 |
| Private Wealth Management Group, LLC trimmed | 25 | $751 | 0.0% | 2026-Q2 |
| Essential Partners LLC added | 21 | $630 | 0.0% | 2026-Q2 |
| Physician Wealth Advisors, Inc. new | 17 | $511 | 0.0% | 2026-Q2 |
| Farther Finance Advisors, LLC added | 10 | $300 | 0.0% | 2026-Q2 |
| SJS Investment Consulting Inc. new | 1 | $31 | 0.0% | 2026-Q2 |
| Fourthstone LLC trimmed | 774,119 | $21M | 14.2% | 2026-Q1 stale (1 quarter behind) |
| ACADIAN ASSET MANAGEMENT LLC added | 99,710 | $3M | 1.8% | 2026-Q1 stale (1 quarter behind) |
| ALLIANCEBERNSTEIN L.P. trimmed | 21,610 | $545K | 0.4% | 2026-Q1 stale (1 quarter behind) |
| STIFEL FINANCIAL CORP | 19,480 | $524K | 0.4% | 2026-Q1 stale (1 quarter behind) |
| Numerai GP LLC new | 15,854 | $427K | 0.3% | 2026-Q1 stale (1 quarter behind) |
| HRT FINANCIAL LP trimmed | 9,623 | $259K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| CWM, LLC added | 9,149 | $246K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| Mariner, LLC new | 8,559 | $230K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| ABNER HERRMAN & BROCK LLC new | 7,600 | $205K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| VANGUARD GROUP INC trimmed | 421,936 | $11M | 7.3% | 2025-Q4 stale (2 quarters behind) |
| Empowered Funds, LLC added | 19,614 | $495K | 0.3% | 2025-Q4 stale (2 quarters behind) |
| JANE STREET GROUP, LLC trimmed | 11,279 | $285K | 0.2% | 2025-Q4 stale (2 quarters behind) |
| Graves Light Lenhart Wealth, Inc. | 60,637 | $1M | 0.9% | 2025-Q3 stale (3 quarters behind) |
| PL Capital Advisors, LLC added | 5,379 | $62K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 20,622 | $402K | 0.3% | 2025-Q2 stale (4 quarters behind) |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.