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First National Trust Company
Chad Oviatt · Bank/Insurer · Multi-Strategy
First National Trust Company is a nationally chartered trust company and the wealth management subsidiary of F.N.B. Corporation. Headquartered in Pittsburgh and tracing its origins back to the founding of First National Bank in 1864, the institution provides a broad range of personal and corporate fiduciary services. It specializes in the administration of decedent and trust estates, retirement plan services, and professional investment management. As a key component of F.N.B.'s diversified financial services, the trust company serves high-net-worth individuals, families, and institutional clients across a multi-state footprint, combining local advisory expertise with the stability of a major regional bank.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +23.4% |
| YTD return | +15.9% |
| Sharpe ratio | 3.49 |
| Win rate | 63% |
| AUM | $0.9B |
| Inception | Oct 1, 2025 |
| Updated | Sep 21, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $0.9B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.fnb-online.com |
Current Holdings
Updated on Sep 21, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| AAPL | Apple Inc | 16.0% | +30.1% |
| NVDA | NVIDIA Corporation | 10.9% | +19.2% |
| MSFT | Microsoft Corporation | 10.5% | +2.0% |
| GOOGL | Alphabet Inc Class A | 8.7% | +39.5% |
| AVGO | Broadcom Inc | 5.9% | +5.5% |
| JPM | JPMorgan Chase & Co | 5.7% | +14.0% |
| AMZN | Amazon.com Inc | 5.5% | +14.7% |
| LLY | Eli Lilly and Company | 3.7% | +29.5% |
| JNJ | Johnson & Johnson | 3.6% | +33.9% |
| META | Meta Platforms Inc. | 3.2% | +7.7% |
| XOM | Exxon Mobil Corp | 3.1% | +31.8% |
| CSCO | Cisco Systems Inc | 3.0% | +54.6% |
| CAT | Caterpillar Inc | 3.0% | +63.2% |
| MRK | Merck & Company Inc | 2.8% | +56.1% |
| WMT | Walmart Inc. Common Stock | 2.7% | +4.4% |
| CVX | Chevron Corp | 2.7% | +25.3% |
| V | Visa Inc. Class A | 2.6% | +6.8% |
| BRK-A | Berkshire Hathaway Inc | 2.4% | +1.3% |
| ABBV | AbbVie Inc | 2.1% | +6.8% |
| AMD | Advanced Micro Devices Inc | 1.9% | 0.0% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Sep 21, 2026 | BUY | V | 2.6% → 2.6% |
| Sep 21, 2026 | BUY | JNJ | 3.6% → 3.6% |
| Sep 21, 2026 | BUY | GOOGL | 8.3% → 8.7% |
| Sep 21, 2026 | SELL | META | 3.1% → 3.2% |
| Sep 21, 2026 | BUY | XOM | 3.2% → 3.1% |
Investment Style Analysis
First National Trust Company is widely recognized for employing a Multi-Strategy strategy. As of Sep 21, 2026, the firm oversees approximately $0.9B in assets under management (AUM). The portfolio demonstrates a clear preference for the Semiconductors and Consumer Electronics sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Sep 21, First National Trust Company made a significant move by increasing exposure to V. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
The institution employs a goals-based investment philosophy that emphasizes disciplined asset allocation and long-term risk management. Investment strategies are typically organized into proprietary portfolio models designed to meet various risk tolerances and financial objectives, ranging from capital preservation to aggressive growth. By utilizing a proactive approach to diversification and rebalancing, the firm seeks to navigate market volatility while focusing on the unique values and aspirations of each client. The strategy combines fundamental research with a multi-asset class framework to deliver consistent, performance-oriented results within a fiduciary structure.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with First National Trust Company.
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Frequently asked questions
How is the simulated portfolio for First National Trust Company constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is First National Trust Company's largest holding?
As of the latest filing, First National Trust Company's top position is Apple Inc (AAPL), representing 16.0% of the portfolio. This reflects a high-conviction bet by the institution.
What is First National Trust Company's historical performance and risk profile?
Our simulation indicates a total return of +23.4% with a win rate of 63%. Notably, the portfolio maintains a Sharpe Ratio of 3.49, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does First National Trust Company primarily invest in?
First National Trust Company has a strong preference for the Semiconductors sector, which makes up 18.7% of their disclosed assets. The portfolio also has exposure to Consumer Electronics, indicating a specific thematic focus.
Is First National Trust Company's portfolio concentrated or diversified?
First National Trust Company runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 37.4% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has First National Trust Company performed in 2026?
Our AI-simulated model portfolio for First National Trust Company tracks a Year-to-Date (YTD) return of +15.9%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Chad Oviatt manage First National Trust Company directly?
Yes, Chad Oviatt serves as the key portfolio manager for First National Trust Company, overseeing the investment strategy and final capital allocation decisions.