National Asset Management, Inc.

RIA/Wealth

National Asset Management, Inc. is a RIA/Wealth based in Memphis, TN led by Michael Anthony Mullen, reporting $7.0B in AUM as of Q3 2025 with 40% ETF concentration.

CEOMichael Anthony Mullen

Portfolio Value: $2.1B
Positions: 953
Top Holding: NVDA at 5.66%
Last Reported: Q3 2025

Address40 S. Main St., Suite 1600, Memphis, TN, 38103, United States

Top Holdings

Largest long holdings in National Asset Management, Inc.'s portfolio (26.1% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Nvidia NVDA	Semiconductors Technology	$117.2M	5.66%	-$13.4M Sold	0.00% 628.2K shares	Q2 2025 Held for 5 months
2 Apple AAPL	Consumer Electronics Technology	$89.6M	4.32%	-$6.8M Sold	0.00% 351.8K shares	Q2 2025 Held for 5 months
3 Microsoft MSFT	Software - Infrastructure Technology	$57.8M	2.79%	-$5.2M Sold	0.00% 111.7K shares	Q2 2025 Held for 5 months
4 Amazon AMZN	Specialty Retail Consumer Cyclical	$49.9M	2.41%	-$9.2M Sold	0.00% 227.5K shares	Q2 2025 Held for 5 months
5 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$47.7M	2.30%	-$1.1M Sold	0.00% 64.9K shares	Q2 2025 Held for 5 months
6 Vanguard Growth VUG	ETF ETF	$42.2M	2.04%	-$5.1M Sold	— 88.0K shares	Q2 2025 Held for 5 months
7 iShares Core S&P 500 ETF IVV	ETF ETF	$41.5M	2.01%	+$1.9M Bought	— 62.1K shares	Q2 2025 Held for 5 months
8 SPDR Bloomberg 1-3 Month T-Bill ETF BIL	ETF ETF	$36.4M	1.76%	-$1.3M Sold	— 396.5K shares	Q2 2025 Held for 5 months
9 Palantir Technologies Inc. PLTR	Software - Infrastructure Technology	$30.9M	1.49%	-$1.7M Sold	0.01% 169.4K shares	Q2 2025 Held for 5 months
10 Invesco QQQ Trust QQQ	ETF ETF	$27.3M	1.32%	-$1.2M Sold	— 45.5K shares	Q2 2025 Held for 5 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in National Asset Management, Inc.'s latest filing

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Market Value

$2.1B

Prior: $2.1B

Q/Q Change

+0.533%

+$11.0M

Net Flows % of MV

-9.31%

Turnover Ratio

8.1%

New Purchases

44 stocks

$13.7M

Added To

307 stocks

+$57.3M

Sold Out Of

103 stocks

$38.8M

Reduced Holdings

527 stocks

-$225.1M

Increased Positions

Position	Shares Δ	Change
1 VanEck Uranium and Nuclear NLR	New	0 → 12.0K +$1.6M
2 KraneShares Bosera MSCI China A 50 Connect Index ETF KBA	New	0 → 26.1K +$784.1K
3 Rigetti Computing, Inc. RGTI	New	0 → 25.0K +$744.5K
4 Panagram CLOZ	New	0 → 22.9K +$615.4K
5 ETHA iShares Ethereum Trust ETHA	New	0 → 16.8K +$528.4K

Decreased Positions

Position	Shares Δ	Change
1 Invesco S&P MidCap Momentum XMMO	Sold	41.6K → 0 −$5.4M
2 First Trust Long/Short Equity ETF FTLS	Sold	28.2K → 0 −$1.9M
3 Invesco S&P International Developed Low Volatility IDLV	Sold	41.5K → 0 −$1.4M
4 Schwab U.S. Large-Cap Value SCHV	Sold	42.6K → 0 −$1.2M
5 BUFS FT Vest Laddered Small Cap Moderate Buffer BUFS	Sold	53.1K → 0 −$1.1M

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Analytics

Portfolio insights and performance metrics for National Asset Management, Inc.

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Sector Allocation

ETF

39.50%

Technology

23.20%

Financial Services

7.00%

Communication Services

5.70%

Consumer Cyclical

5.30%

Healthcare

4.30%

Industrials

3.90%

Consumer Defensive

2.00%

Basic Materials

1.60%

Energy

1.50%

Utilities

0.60%

Real Estate

0.60%

Market Cap Distribution

Mega Cap (> $200B)

35.45%

Large Cap ($10B - $200B)

17.57%

Mid Cap ($2B - $10B)

1.99%

Small Cap ($300M - $2B)

0.26%

Micro Cap ($50M - $300M)

0.05%

Nano Cap (< $50M)

0.10%

N/A (ETF or Unknown)

44.58%

Portfolio Concentration

Top 10 Holdings %

26.1%

Top 20 Holdings %

35.82%

Top 50 Holdings %

51.04%

Top 100 Holdings %

64.77%