Latest STEPHENSON NATIONAL BANK & TRUST Stock Portfolio

STEPHENSON NATIONAL BANK & TRUST Performance:

2025 Q4: 1.17%YTD: 12.21%2024: 10.9%

Performance for 2025 Q4 is 1.17%, and YTD is 12.21%, and 2024 is 10.9%.

About STEPHENSON NATIONAL BANK & TRUST and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, STEPH & CO reported an equity portfolio of $347 Millions as of 31 Dec, 2025.

The top stock holdings of STEPH & CO are BBAX, VB, . The fund has invested 17% of it's portfolio in JPMORGAN ACTIVE VALUE ETF and 13.7% of portfolio in VANGUARD S&P 500 INDEX ETF.

The fund managers got completely rid off AXIS CAPITAL HOLDINGS LTD (AXS), ISHARES U.S. HEALTHCARE PROVIDERS ETF (AAXJ) and FIRST TRUST NASDAQ PHARMACEUTICALS ETF (AIRR) stocks. They significantly reduced their stock positions in COINBASE GLOBAL INC (COIN), GOLD RESOURCE CORP (GORO) and ARGENX SE. STEPH & CO opened new stock positions in FIDELITY ENHANCED INTERNATIONAL, SILGAN HOLDINGS INC (SLGN) and PVH CORP (PVH). The fund showed a lot of confidence in some stocks as they added substantially to NETFLIX INC (NFLX), FISERV INC COM and ALLISON TRANSMISSION HOLDINGS INC (ALSN).

STEPHENSON NATIONAL BANK & TRUST Annual Return Estimates Vs S&P 500

Our best estimate is that STEPH & CO made a return of 1.17% in the last quarter. In trailing 12 months, it's portfolio return was 12.21%.

Performance
S&P 500

New Buys

Ticker	$ Bought
fidelity enhanced international	10,990,800
silgan holdings inc	291,915
pvh corp	284,768
brandes u.s. value etf	268,167
ameriprise financial inc com	137,786
lithia motors inc	105,016
comfort systems usa inc	97,062
american financial group inc	96,496

New stocks bought by STEPHENSON NATIONAL BANK & TRUST

Additions

Ticker	% Inc.
netflix inc	1,646
fiserv inc com	1,533
allison transmission holdings inc	534
servicenow inc	430
exelixis inc	426
intuit inc com	346
medtronic holdings ltd	318
kkr & co inc	239

Additions to existing portfolio by STEPHENSON NATIONAL BANK & TRUST

Reductions

Ticker	% Reduced
coinbase global inc	-92.89
gold resource corp	-91.37
argenx se	-90.15
baker hughes company	-89.95
resideo technologies inc	-89.94
trimbel inc	-86.84
fifth third bancorp com	-81.61
blue owl capital	-76.5

STEPHENSON NATIONAL BANK & TRUST reduced stake in above stock

Sold off

Ticker	$ Sold
willscot holdings corp	-106,416
first trust nasdaq pharmaceuticals etf	-142,327
ishares u.s. healthcare providers etf	-225,614
axis capital holdings ltd	-392,588
gentex corp com	-75,957
dynatrace inc	-127,714
draftkings inc new	-76,259
pinterest inc	-64,951

STEPHENSON NATIONAL BANK & TRUST got rid off the above stocks

Sector Distribution

STEPH & CO has about 88.8% of it's holdings in Others sector.

Sector	%
Others	88.8
Technology	2.3
Financial Services	2.2
Industrials	1.6
Healthcare	1.2

Market Cap. Distribution

STEPH & CO has about 9.9% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	88.7
LARGE-CAP	6.6
MEGA-CAP	3.3
MID-CAP	1.1

Stocks belong to which Index?

About 9% of the stocks held by STEPH & CO either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	90.5
S&P 500	9

Top 5 Winners (%)		%
LLY	lilly eli & co com	35.6 %
GM	general motors co com	33.4 %
TER	teradyne inc	28.0 %
GOOG	alphabet inc class a	27.9 %
AMD	advanced micro devices inc	27.1 %

Top 5 Winners ($)		$
BBAX	jpmorgan active value etf	2.2 M
VB	vanguard s&p 500 index etf	1.1 M
ASET	global upstream natural resources etf	0.4 M
VEA	vanguard ftse developed markets index etf	0.3 M
EDV	vanguard mega cap etf	0.3 M

Top 5 Losers (%)		%
NFLX	netflix inc	-86.2 %
NOW	servicenow inc	-74.8 %
XLB	spdr consumer discretionary etf	-43.0 %
XLB	spdr technology etf	-41.8 %
DD	dupont de nemours inc	-36.1 %

Top 5 Losers ($)		$
	jpmorgan active growth etf	-0.5 M
NFLX	netflix inc	-0.3 M
NOW	servicenow inc	-0.2 M
VB	vanguard mid-cap growth etf	-0.2 M
ASET	flexshares global broad infrastructure etf	-0.1 M

STEPHENSON NATIONAL BANK & TRUST Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of STEPHENSON NATIONAL BANK & TRUST

STEPH & CO has 310 stocks in it's portfolio. About 66.1% of the portfolio is in top 10 stocks. proved to be the most loss making stock for the portfolio. BBAX was the most profitable stock for STEPH & CO last quarter.

Last Reported on: 23 Jan, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple computer inc com	0.87	11,104	3,018,730	reduced	-4.28

AAXJ	ishares dow jones us oil & gas ex index	0.01	592	52,842	new

AAXJ	ishares national amt-free muni bond etf	0.00	65.00	6,962	new

AAXJ	ishares u.s. healthcare providers etf	0.00	0.00	0.00	sold off	-100

ABBV	abbvie inc	0.09	1,350	308,462	unchanged	0.00

ABC	cencora inc corp	0.01	136	45,934	added	72.15

ABT	abbott laboratories com	0.06	1,638	205,225	reduced	-11.56

ACGL	arch capital group ltd	0.06	2,262	216,971	added	0.67

ACN	accenture plc ireland adr	0.01	110	29,513	added	107

ADBE	adobe inc com	0.01	95.00	33,249	added	111

ADI	analog devices inc	0.01	192	52,070	added	182

AFG	american financial group inc	0.03	706	96,496	new

AGCO	agco corp	0.03	890	92,845	new

AGNG	s&p 500 catholic values etf	0.14	5,816	478,230	unchanged	0.00

AGNG	global x artificial intelligence & technology etf	0.02	1,150	58,489	unchanged	0.00

AIG	american intl group inc com	0.12	4,927	421,505	reduced	-11.83

AIRR	first trust nasdaq pharmaceuticals etf	0.00	0.00	0.00	sold off	-100

ALL	allstate corp com	0.00	67.00	13,946	unchanged	0.00

ALNY	alnylam pharmaceuticals inc	0.01	135	53,683	reduced	-27.03

ALSN	allison transmission holdings inc	0.04	1,573	153,997	added	534