UMB Bank, n.a.
"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.
13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.
We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 30 quarters, returned +3.8% per quarter — versus +2.1% per quarter from simply owning every 13F stock. It beat that baseline in only 70.0% of quarters (excess t = 0.85, not statistically significant). Its filings tell you what it bought — not what you should buy.
Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)
Top 20 holdings of 2284 · 2026 Q1
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| UMBF | $533M | | HOLD |
| IVV | $471M | | ADD |
| AAPL | $307M | | HOLD |
| NVDA | $232M | | HOLD |
| GOOGL | $207M | | HOLD |
| MSFT | $191M | | HOLD |
| AMZN | $152M | | ADD |
| AVGO | $147M | | TRIM |
| JPM | $129M | | HOLD |
| IEFA | $123M | | ADD |
| IJH | $119M | | TRIM |
| BRK/A | $104M | | HOLD |
| IWR | $94M | | HOLD |
| JNJ | $90M | | HOLD |
| COST | $88M | | HOLD |
| PGR | $86M | | HOLD |
| BRK/B | $79M | | TRIM |
| CVX | $78M | | HOLD |
| WMT | $78M | | TRIM |
| TJX | $76M | | HOLD |
QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.
New positions in 2026 Q1
Method & Limitations
Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.