Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in FXNC held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | Fourthstone LLC | 774K | $20.8M | -12.9% | 8.562% | 3.53% |
| 2 | BlackRock, Inc. | 400K | $10.8M | +4.8% | 4.423% | 0.00% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 326K | $8.8M | — | 3.611% | 0.00% |
| 4 | Petiole USA ltd | 308K | $8.3M | -1.1% | 3.406% | 5.80% |
| 5 | Siena Capital Partners GP, LLC | 276K | $7.4M | 0.0% | 3.053% | 1.93% |
| 6 | Cutler Capital Management, LLC | 204K | $5.5M | +0.5% | 2.258% | 1.52% |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 180K | $4.8M | +0.9% | 1.987% | 0.00% |
| 8 | De Lisle Partners LLP | 138K | $3.7M | 0.0% | 1.528% | 0.45% |
| 9 | STATE STREET CORP | 117K | $3.2M | +42.8% | 1.297% | 0.00% |
| 10 | NORTHERN TRUST CORP | 63K | $1.7M | +6.4% | 0.694% | 0.00% |
| 11 | GOLDMAN SACHS GROUP INC | 51K | $1.4M | +362.0% | 0.566% | 0.00% |
| 12 | DIMENSIONAL FUND ADVISORS LP | 50K | $1.4M | +68.7% | 0.556% | 0.00% |
| 13 | BANC FUNDS CO LLC | 49K | $1.3M | -18.4% | 0.546% | 0.25% |
| 14 | VANGUARD FIDUCIARY TRUST CO | 49K | $1.3M | — | 0.539% | 0.00% |
| 15 | VANGUARD PORTFOLIO MANAGEMENT LLC | 45K | $1.2M | — | 0.498% | 0.00% |
| 16 | BRIDGEWAY CAPITAL MANAGEMENT, LLC | 45K | $1.2M | -11.5% | 0.493% | 0.02% |
| 17 | Piedmont Capital Management, LLC/NC | 43K | $1.2M | 0.0% | 0.475% | 0.77% |
| 18 | COMMONWEALTH EQUITY SERVICES, LLC | 36K | $978K | +20.7% | 0.402% | 0.00% |
| 19 | FIRST MANHATTAN CO | 36K | $956K | 0.0% | 0.393% | 0.00% |
| 20 | AMERICAN CENTURY COMPANIES INC | 30K | $815K | — | 0.335% | 0.00% |
| 21 | BROWN BROTHERS HARRIMAN & CO | 25K | $665K | -34.0% | 0.273% | 0.00% |
| 22 | MARSHALL WACE, LLP | 24K | $653K | +1.2% | 0.268% | 0.00% |
| 23 | HSBC HOLDINGS PLC | 24K | $650K | — | 0.265% | 0.00% |
| 24 | Squarepoint Ops LLC | 24K | $647K | — | 0.266% | 0.00% |
| 25 | MORGAN STANLEY | 22K | $585K | +27.7% | 0.240% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in FXNC — a direct measure of their conviction.
Filings activity in FXNC during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new FXNC position in Q1 2026
Institutions that fully closed their FXNC position in Q1 2026
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 82 | +24% | 36.43% | +2.03 pp | $99M | +5.9% |
| Q4 2025 | 66 | +8.2% | 34.40% | +11.32 pp | $94M | +49% |
| Q3 2025 | 61 | +3.4% | 23.08% | 2.82 pp | $63M | 11% |
| Q2 2025 | 59 | +31% | 25.90% | 1.24 pp | $71M | 4.6% |
| Q1 2025 | 45 | +2.3% | 27.14% | +0.89 pp | $74M | +3.4% |
| Q4 2024 | 44 | +47% | 26.25% | +11.97 pp | $72M | +84% |
| Q3 2024 | 30 | +7.1% | 14.28% | +2.05 pp | $39M | +17% |
| Q2 2024 | 28 | — | 12.23% | — | $33M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying FXNC stock.
Based on Q1 2026 13F filings, institutional ownership of First National Corporation stands at 36.4%, held across 82 reporting institutions.
Fourthstone LLC is the largest reported institutional holder of FXNC, with approximately 774,119 shares worth $0.02B as of Q1 2026.
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of FXNC.
Our composite Smart Money Score for FXNC is 55 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
23 institutions opened new positions in FXNC during Q1 2026, while 7 fully exited. 45 added to existing positions and 14 trimmed.
FXNC institutional ownership rose by 2.03 percentage points quarter-over-quarter, with a net change of +16 holders.
The top 10 institutions account for 75.4% of all reported 13F value in FXNC, and the top 25 account for 90.4%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
First National Corporation (FXNC) Institutional Ownership