Allstate Q4 2023 13F: Major ETF & REIT Holdings Revealed

TL;DR

**Allstate's Q4 2023 13F shows big bets on S&P 500 ETF and bond ETFs, signaling a diversified, income-focused strategy.**

AI Summary

Allstate Corp's 13F-HR filing, submitted on February 9, 2024, reveals its investment holdings as of December 31, 2023. The company, through its investment management entities, reported significant positions in various REITs and ETFs, including 105,268 shares of SPDR S&P 500 ETF Trust and substantial holdings in iShares bond ETFs totaling over $420 million. This matters to Allstate shareholders because it provides transparency into how the company is managing its investment portfolio, which directly impacts its financial stability and future earnings, especially given its primary business as an insurer.

Why It Matters

This filing offers a look into Allstate's investment strategy, showing how the company allocates capital to generate returns and support its insurance operations, which can influence its profitability and stock performance.

Risk Assessment

Risk Level: medium — The portfolio shows diversification across various REITs and ETFs, but market fluctuations in these sectors could still impact Allstate's investment returns.

Analyst Insight

Investors should monitor Allstate's future 13F filings to track changes in its investment strategy, particularly its allocations to equity and fixed-income ETFs, as these can signal shifts in its risk appetite and outlook for market conditions.

Key Numbers

• 20231231 — Conformed Period of Report (The date for which the investment holdings are reported.)
• 105,268 SH — Shares of SPDR S&P 500 ETF Trust (Represents a significant holding in a broad market index ETF, indicating exposure to the overall U.S. stock market.)
• 4,634,040 SH — Shares of iShares Trust iShares 5-10 Yea (A substantial holding in a bond ETF, suggesting a focus on fixed-income investments for stability and income.)
• $240,970,080 — Value of iShares Trust iShares 5-10 Yea (The market value of Allstate's holding in this bond ETF, highlighting a significant allocation to this asset class.)
• $179,648,885 — Value of iShares Trust iShares 1-5 Year (The market value of Allstate's holding in this shorter-duration bond ETF, indicating a strategy for managing interest rate risk.)

Key Players & Entities

• ALLSTATE CORP (company) — the filer of the 13F-HR
• Mario Imbarrato (person) — Senior Vice President & CFO, Investment Finance, who signed the filing
• Allstate Investment Management Co (company) — an investment manager for Allstate Corp
• Allstate Investments LLC (company) — an investment manager for Allstate Corp
• SPDR S&P 500 ETF Trust (company) — an ETF in which Allstate holds 105,268 shares
• iShares Trust iShares 5-10 Yea (company) — a bond ETF in which Allstate holds 4,634,040 shares valued at $240,970,080
• iShares Trust iShares 1-5 Year (company) — a bond ETF in which Allstate holds 3,503,635 shares valued at $179,648,885

Forward-Looking Statements

• Allstate will continue to maintain a diversified portfolio with a mix of equity ETFs and fixed-income ETFs to balance growth and stability. (ALLSTATE CORP) — high confidence, target: 2024-12-31
• The company's investment in REITs suggests a long-term strategy to benefit from real estate market performance and potential income generation. (ALLSTATE CORP) — medium confidence, target: 2025-12-31

FAQ

Filing Documents

• primary_doc.html (13F-HR)
• primary_doc.xml (13F-HR) — 2KB
• informationtable.html (INFORMATION TABLE)
• informationtable.xml (INFORMATION TABLE) — 142KB
• 0001140361-24-006750.txt ( ) — 145KB

From the Filing

SEC FORM 13F-HR The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. The reader should not assume that the information is accurate and complete. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE OMB APPROVAL OMB Number: 3235-0006 Estimated average burden hours per response: 23.8 Report for the Calendar Year or Quarter Ended: 12-31-2023 Check here if Amendment    Amendment Number: This Amendment (Check only one.):    is a restatement.    adds new holdings entries. Institutional Investment Manager Filing this Report: Name: ALLSTATE CORP Address: 3100 SANDERS ROAD NORTHBROOK , IL   60062 Form 13F File Number: 028-14491 CRD Number (if applicable): The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: MARIO IMBARRATO Title: SENIOR VICE PRESIDENT & CFO INVESTMENT FINANCE Phone: 1 (847) 402-5348 Signature, Place, and Date of Signing: /s/ MARIO IMBARRATO CHICAGO ,  IL 02-08-2024 [Signature] [City, State] [Date] Report Type (Check only one.): X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)    13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)    13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F Summary Page Report Summary: Number of Other Included Managers: 2 Form 13F Information Table Entry Total: 255 Form 13F Information Table Value Total: 1,448,000,102 (round to nearest dollar) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state “NONE” and omit the column headings and list entries.] No. Name Form 13F File No. CRD No. (if applicable) SEC File No. (if applicable) CIK 11 ALLSTATE INVESTMENT MANAGEMENT CO 028-04302 12 ALLSTATE INVESTMENTS LLC 028-10298

View Full Filing

View this 13F-HR filing on SEC EDGAR