Keybank National Association/Oh
Reported US equity positions for Q1 2026 — $27.4B across 1,889 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| IVV iShares Core S&P 500 ETF | $2.1B | 7.6% | 3,182,076 |
| AAPL Apple Inc. | $1.2B | 4.5% | 4,829,888 |
| MSFT Microsoft Corporation | $1.0B | 3.7% | 2,771,373 |
| IEFA iShares Core MSCI EAFE ETF | $922.3M | 3.4% | 10,187,432 |
| NVDA NVIDIA Corporation | $920.6M | 3.4% | 5,278,699 |
| GOOGL Alphabet Inc. | $872.0M | 3.2% | 3,032,274 |
| AMZN Amazon.com, Inc. | $651.5M | 2.4% | 3,128,219 |
| IJH iShares Core S&P Mid-Cap ETF | $618.0M | 2.3% | 9,151,043 |
| JPM JP Morgan Chase & Co. | $526.0M | 1.9% | 1,788,071 |
| AVGO Broadcom Inc. | $518.1M | 1.9% | 1,674,021 |
| QUAL iShares MSCI USA Quality Factor ETF | $483.9M | 1.8% | 2,522,985 |
| CCO Clear Channel Outdoor Holdings, Inc. | $483.0M | 1.8% | 4,446,645 |
| IJR iShares Core S&P Small-Cap ETF | $477.2M | 1.7% | 3,838,937 |
| VEA Vanguard FTSE Developed Markets ETF | $400.8M | 1.5% | 6,255,187 |
| VOO Vanguard S&P 500 ETF | $384.7M | 1.4% | 643,816 |
| PH Parker-Hannifin Corporation | $350.0M | 1.3% | 390,916 |
| FNDX Schwab Fundamental U.S. Large Company ETF | $346.9M | 1.3% | 12,454,472 |
| RSP Invesco S&P 500 Equal Weight ETF | $343.8M | 1.3% | 1,791,371 |
| COST Costco Wholesale Corporation | $332.6M | 1.2% | 333,826 |
| JNJ Johnson & Johnson | $330.4M | 1.2% | 1,351,637 |
| IAU iShares Gold Trust Shares | $318.9M | 1.2% | 3,617,414 |
| IEMG iShares Core MSCI Emerging Markets ETF | $275.3M | 1.0% | 3,946,368 |
| CVX Chevron Corporation | $274.3M | 1.0% | 1,325,537 |
| ABBV AbbVie Inc. | $249.4M | 0.9% | 1,146,641 |
| XOM ExxonMobil Holdings Corporation | $241.1M | 0.9% | 1,420,818 |
| JAAA Janus Henderson AAA CLO ETF | $236.6M | 0.9% | 4,697,846 |
| MA Mastercard Incorporated | $208.8M | 0.8% | 417,813 |
| PG The Procter & Gamble Company | $204.3M | 0.7% | 1,414,098 |
| GOOG Alphabet Inc. - Class C Capital Stock | $202.1M | 0.7% | 704,389 |
| IWM iShares Russell 2000 Index Fund | $195.3M | 0.7% | 787,623 |
| BAC Bank of America Corporation | $186.5M | 0.7% | 3,825,651 |
| SPY State Street SPDR S&P 500 ETF Trust | $185.3M | 0.7% | 284,859 |
| ORCL Oracle Corporation | $180.7M | 0.7% | 1,228,349 |
| CAT Caterpillar, Inc. | $171.2M | 0.6% | 241,629 |
| NEE NextEra Energy, Inc. | $165.0M | 0.6% | 1,776,692 |
| PEP PepsiCo, Inc. | $163.6M | 0.6% | 1,053,501 |
| EFA iShares MSCI EAFE ETF | $152.4M | 0.6% | 1,569,421 |
| IWR iShares Russell Mid-Cap ETF | $152.4M | 0.6% | 1,567,151 |
| WFC Wells Fargo & Company | $148.3M | 0.5% | 1,863,405 |
| VWO Vanguard FTSE Emerging Markets ETF | $143.7M | 0.5% | 2,658,888 |
| HD The Home Depot, Inc. | $139.3M | 0.5% | 423,584 |
| TMO Thermo Fisher Scientific Inc | $137.5M | 0.5% | 279,710 |
| FCX Freeport-McMoRan, Inc. | $135.3M | 0.5% | 2,302,017 |
| LECO Lincoln Electric Holdings, Inc. | $133.8M | 0.5% | 537,086 |
| ABT Abbott Laboratories | $132.4M | 0.5% | 1,289,584 |
| CSCO Cisco Systems, Inc. | $131.3M | 0.5% | 1,691,810 |
| EMR Emerson Electric Company | $129.5M | 0.5% | 988,630 |
| BRK.B Berkshire Hathaway Inc. | $123.4M | 0.5% | 257,475 |
| RTX RTX Corporation | $120.7M | 0.4% | 625,713 |
| HONGBP Honeywell Intl INC | $118.1M | 0.4% | 522,623 |
| SCHD Schwab US Dividend Equity ETF | $117.7M | 0.4% | 3,836,791 |
| MCD McDonald's Corporation | $114.7M | 0.4% | 369,073 |
| WMT Walmart Inc. | $112.4M | 0.4% | 904,149 |
| VMBS Vanguard Mortgage-Backed Securities ETF | $108.9M | 0.4% | 2,320,540 |
| AGG iShares Core U.S. Aggregate Bond ETF | $107.8M | 0.4% | 1,085,741 |
| APH Amphenol Corporation | $106.3M | 0.4% | 841,428 |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | $102.7M | 0.4% | 1,954,713 |
| MRK Merck & Company, Inc. Common Stock (new) | $102.6M | 0.4% | 853,050 |
| GVI iShares Intermediate Government/Credit Bond ETF | $100.9M | 0.4% | 946,175 |
| LLY Eli Lilly and Company | $99.8M | 0.4% | 108,458 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What changed last quarter
| Holding | Change | Now | Was | Shares |
|---|---|---|---|---|
| IEFA iShares Core MSCI EAFE ETF | Add | $922.3M | $837.8M | +9% |
| AMZN Amazon.com, Inc. | Add | $651.5M | $710.7M | +2% |
| IJH iShares Core S&P Mid-Cap ETF | Add | $618.0M | $597.8M | +1% |
| AVGO Broadcom Inc. | Trim | $518.1M | $593.2M | -2% |
| QUAL iShares MSCI USA Quality Factor ETF | Trim | $483.9M | $528.5M | -5% |
| CCO Clear Channel Outdoor Holdings, Inc. | Trim | $483.0M | $449.4M | -9% |
| VOO Vanguard S&P 500 ETF | Add | $384.7M | $357.0M | +13% |
| PH Parker-Hannifin Corporation | Trim | $350.0M | $357.9M | -4% |
| FNDX Schwab Fundamental U.S. Large Company ETF | Add | $346.9M | $225.6M | +50% |
| RSP Invesco S&P 500 Equal Weight ETF | Trim | $343.8M | $444.5M | -23% |
| IAU iShares Gold Trust Shares | Trim | $318.9M | $301.0M | -2% |
| IEMG iShares Core MSCI Emerging Markets ETF | Add | $275.3M | $238.0M | +11% |
| CVX Chevron Corporation | Trim | $274.3M | $224.8M | -10% |
| ABBV AbbVie Inc. | Add | $249.4M | $240.6M | +9% |
| JAAA Janus Henderson AAA CLO ETF | Add | $236.6M | $227.8M | +4% |
| PG The Procter & Gamble Company | Trim | $204.3M | $208.7M | -3% |
| GOOG Alphabet Inc. - Class C Capital Stock | Trim | $202.1M | $229.3M | -4% |
| BAC Bank of America Corporation | Trim | $186.5M | $214.8M | -2% |
| SPY State Street SPDR S&P 500 ETF Trust | Trim | $185.3M | $197.1M | -1% |
| ORCL Oracle Corporation | Trim | $180.7M | $247.0M | -3% |
| CAT Caterpillar, Inc. | Add | $171.2M | $136.0M | +2% |
| PEP PepsiCo, Inc. | Add | $163.6M | $149.0M | +2% |
| WFC Wells Fargo & Company | Trim | $148.3M | $179.0M | -3% |
| VWO Vanguard FTSE Emerging Markets ETF | Add | $143.7M | $138.8M | +3% |
| HD The Home Depot, Inc. | Add | $139.3M | $141.9M | +3% |
| TMO Thermo Fisher Scientific Inc | Trim | $137.5M | $169.4M | -4% |
| FCX Freeport-McMoRan, Inc. | Trim | $135.3M | $119.3M | -2% |
| LECO Lincoln Electric Holdings, Inc. | Trim | $133.8M | $140.5M | -8% |
| ABT Abbott Laboratories | Trim | $132.4M | $163.7M | -1% |
| BRK.B Berkshire Hathaway Inc. | Add | $123.4M | $120.8M | +7% |
| SCHD Schwab US Dividend Equity ETF | Add | $117.7M | $97.6M | +8% |
| VMBS Vanguard Mortgage-Backed Securities ETF | Add | $108.9M | $107.1M | +2% |
| APH Amphenol Corporation | Trim | $106.3M | $118.4M | -4% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | Add | $102.7M | $95.6M | +8% |
| MRK Merck & Company, Inc. Common Stock (new) | Add | $102.6M | $87.4M | +3% |
| GVI iShares Intermediate Government/Credit Bond ETF | Trim | $100.9M | $107.9M | -6% |
| IQDF Northern Trust International Quality Dividend ETF | Add | $98.0M | $87.0M | +8% |
| SHW The Sherwin-Williams Company | Trim | $96.7M | $99.1M | -1% |
| AXP American Express Company | Trim | $96.1M | $132.9M | -12% |
| GLW Corning Incorporated | Trim | $95.6M | $62.5M | -1% |
New and exited positions are only shown for managers whose entire filed portfolio fits inside the positions stored here. For a manager filing more than that, a holding leaving the stored set is indistinguishable from a holding being sold, so those are reported as adds and trims only.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.