FIRST NATL CORP VA FXNC
COM · Common Stock · CUSIP 32106V107
- SectorFinancials
- IndustryState Commercial Banks
- HeadquartersStrasburg, VA
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($354.0k this quarter). Holder counts are more reliable. Shares outstanding: 9.0m as of 2025-08-07, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $19.47.
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 27 |
| Q4 2022 | 29 |
| Q1 2023 | 27 |
| Q2 2023 | 26 |
| Q3 2023 | 28 |
| Q4 2023 | 28 |
| Q1 2024 | 29 |
| Q2 2024 | 28 |
| Q3 2024 | 30 |
| Q4 2024 | 44 |
| Q1 2025 | 45 |
| Q2 2025 | 59 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 8 | 9 |
| Q4 2023 | 16 | 10 |
| Q1 2024 | 10 | 11 |
| Q2 2024 | 9 | 11 |
| Q3 2024 | 12 | 6 |
| Q4 2024 | 27 | 7 |
| Q1 2025 | 20 | 14 |
| Q2 2025 | 37 | 16 |
Biggest buyers
| BlackRock, Inc. | Added | +300.4k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +94.3k |
| De Lisle Partners LLP | Added | +66.3k |
| VANGUARD GROUP INC | Added | +51.0k |
| STATE STREET CORP | Added | +49.8k |
| NORTHERN TRUST CORP | Added | +42.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | New | +22.3k |
| LOS ANGELES CAPITAL MANAGEMENT LLC | New | +20.7k |
| Bank of New York Mellon Corp | New | +18.5k |
| BARCLAYS PLC | Added | +14.1k |
Biggest sellers
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -112.4k |
| MILLENNIUM MANAGEMENT LLC | Sold out | -92.7k |
| GOLDMAN SACHS GROUP INC | Sold out | -40.7k |
| Fourthstone LLC | Reduced | -36.5k |
| ALLIANCEBERNSTEIN L.P. | Reduced | -35.2k |
| JANE STREET GROUP, LLC | Sold out | -26.7k |
| BANC FUNDS CO LLC | Reduced | -26.5k |
| RFG Advisory, LLC | Sold out | -18.0k |
| Schonfeld Strategic Advisors LLC | Sold out | -12.9k |
| HRT FINANCIAL LP | Sold out | -12.3k |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution new · filed 2026-07-28 | 5.6% |
Fell to 5% or below in the last year: Fourthstone LLC (0.0%, 2026-08-14)
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 2 | $316.6k | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 5 | $486.9k | 0 | — | — |
| Q3 2024 | 1 | $116.7k | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 1 | $79.0k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-05 | Schwartz Brad E EVP - CFO | Bought | $19.6k1.0k shares |
| 2025-06-02 | Schwartz Brad E EVP - CFO | Bought | $20.2k1.0k shares |
| 2025-05-08 | Schwartz Brad E EVP - CFO | Bought | $19.6k1.0k shares |
| 2025-05-06 | Schwartz Brad E EVP - CFO | Bought | $19.6k1.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| Fourthstone LLC 3.16% of their portfolio | 828.3k $16.1m | Reduced -36.5k |
| VANGUARD GROUP INC 0.00% of their portfolio | 430.6k $8.4m | Added +51.0k |
| BlackRock, Inc. 0.00% of their portfolio | 334.5k $6.5m | Added +300.4k |
| Siena Capital Partners GP, LLC 1.80% of their portfolio | 316.3k $6.2m | Unchanged |
| Petiole USA ltd 4.29% of their portfolio | 311.4k $6.1m | Unchanged |
| Cutler Capital Management, LLC 1.37% of their portfolio | 202.8k $3.9m | Unchanged |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 193.3k $3.8m | Reduced -35.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 180.3k $3.5m | Added +94.3k |
| De Lisle Partners LLP 0.38% of their portfolio | 138.1k $2.7m | Added +66.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 66.9k $1.3m | Added +42.1k |
| BANC FUNDS CO LLC 0.19% of their portfolio | 65.9k $1.3m | Reduced -26.5k |
| STATE STREET CORP 0.00% of their portfolio | 63.9k $1.2m | Added +49.8k |
| Graves Light Lenhart Wealth, Inc. 0.14% of their portfolio | 60.6k $1.2m | Unchanged |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 47.0k $915.8k | Added +1.1k |
| FIRST MANHATTAN CO. LLC. 0.00% of their portfolio | 35.5k $691.2k | Unchanged |
| MARSHALL WACE, LLP 0.00% of their portfolio | 31.7k $617.2k | Added +10.7k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 30.1k $586.0k | Unchanged |
| DAVENPORT & Co LLC 0.00% of their portfolio | 25.8k $501.8k | Reduced -400 |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 25.7k $500.4k | Added +1.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 22.3k $433.2k | New |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 20.7k $402.8k | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 20.6k $401.5k | Reduced -112.4k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 19.5k $379.3k | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 18.9k $367.0k | Added +12.1k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 18.5k $360.9k | New |
| Empowered Funds, LLC 0.00% of their portfolio | 16.2k $316.2k | Added +1.1k |
| Wealthcare Advisory Partners LLC 0.01% of their portfolio | 14.8k $287.4k | Added +359 |
| BARCLAYS PLC 0.00% of their portfolio | 14.1k $275.3k | Added +14.1k |
| Trexquant Investment LP 0.00% of their portfolio | 12.8k $249.1k | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 12.4k $241.5k | Reduced -5.3k |
| FOUNDERS GROVE WEALTH PARTNERS, LLC 0.05% of their portfolio | 10.9k $213.0k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 10.6k $206.8k | Added +4.4k |
| GRACE & WHITE INC /NY 0.04% of their portfolio | 10.5k $204.0k | Unchanged |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 10.2k $199.0k | New |
| Nuveen, LLC 0.00% of their portfolio | 10.1k $197.0k | New |
| UBS Group AG 0.00% of their portfolio | 10.0k $194.1k | Reduced -262 |
| CWM, LLC 0.00% of their portfolio | 9.0k $175.0k | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 5.3k $103.2k | New |
| BROWN BROTHERS HARRIMAN & CO 0.00% of their portfolio | 5.0k $97.3k | Unchanged |
| MetLife Investment Management, LLC 0.00% of their portfolio | 4.9k $94.9k | New |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 4.3k $83.0k | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 3.7k $72.0k | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 3.5k $67.7k | Added +3.4k |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 3.2k $61.0k | New |
| CITIGROUP INC 0.00% of their portfolio | 2.6k $51.1k | Reduced -4.2k |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 1.9k $37.9k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 1.9k $36.0k | Added +1.8k |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 1.8k $34.5k | New |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 1.1k $22.2k | New |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 796 $15.5k | New |
| Legal & General Group Plc 0.00% of their portfolio | 704 $13.7k | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 486 $9.5k | New |
| AMALGAMATED BANK 0.00% of their portfolio | 266 $5.0k | New |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 253 $4.9k | Reduced -33 |
| PL Capital Advisors, LLC 0.00% of their portfolio | 205 $4.0k | Unchanged |
| Sterling Capital Management LLC 0.00% of their portfolio | 200 $3.9k | New |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 58 $1.1k | New |
| Private Wealth Management Group, LLC 0.00% of their portfolio | 31 $604 | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | Unchanged |