Atlantic Union Bankshares Reveals Q4 2023 Holdings: Big Bets on AMZN, JNJ

TL;DR

**Atlantic Union Bankshares is holding strong on Amazon and Johnson & Johnson as of Q4 2023.**

AI Summary

Atlantic Union Bankshares Corp, a state commercial bank, filed its 13F-HR on January 19, 2024, disclosing its holdings as of December 31, 2023. The filing reveals significant sole investment power in companies like Amazon.com Inc. (67,024 shares valued at $10,183,627) and Johnson & Johnson (63,279 shares valued at $9,918,350). This matters to investors as it provides transparency into the bank's investment strategy and portfolio composition, indicating where the bank is allocating its capital and potentially signaling its outlook on various sectors.

Why It Matters

This filing offers a look into Atlantic Union Bankshares' investment decisions, which can influence its financial performance and provide insights into its market outlook for key sectors.

Risk Assessment

Risk Level: low — This filing is a disclosure of past holdings and does not indicate new, speculative investments or significant changes in strategy that would introduce high risk.

Analyst Insight

An investor should review the specific holdings to understand the bank's sector exposure and compare it with their own investment thesis. This filing provides transparency into the bank's portfolio, which can be used to assess its overall investment strategy and potential for growth or stability.

Key Numbers

• $10.18M — Amazon.com Inc. holding value (Represents the largest sole investment power holding by value as of December 31, 2023.)
• 67,024 — Amazon.com Inc. shares (The number of shares in Amazon.com Inc. over which Atlantic Union Bankshares Corp has sole investment power.)
• $9.92M — Johnson & Johnson holding value (Represents the second largest sole investment power holding by value as of December 31, 2023.)
• 63,279 — Johnson & Johnson shares (The number of shares in Johnson & Johnson over which Atlantic Union Bankshares Corp has sole investment power.)
• 20231231 — Conformed Period of Report (The date to which the reported holdings apply, indicating the snapshot of the portfolio.)

Key Players & Entities

• Atlantic Union Bankshares Corp (company) — the filer of the 13F-HR
• Amazon.com Inc. (company) — a significant holding with 67,024 shares
• Johnson & Johnson (company) — a significant holding with 63,279 shares
• Kimberly Thayer (person) — Chief Compliance Officer - Trust for Atlantic Union Bankshares Corp
• $10,183,627 (dollar_amount) — value of Amazon.com Inc. shares held with sole investment power
• $9,918,350 (dollar_amount) — value of Johnson & Johnson shares held with sole investment power

Forward-Looking Statements

• Atlantic Union Bankshares Corp will maintain its significant holdings in Amazon.com Inc. and Johnson & Johnson in the next reporting period. (Atlantic Union Bankshares Corp) — medium confidence, target: 20240331
• The bank's investment strategy will continue to favor large-cap technology and healthcare stocks. (Atlantic Union Bankshares Corp) — medium confidence, target: 20240630

FAQ

Filing Documents

• primary_doc.html (13F-HR)
• primary_doc.xml (13F-HR) — 2KB
• infotable.html (INFORMATION TABLE)
• infotable.xml (INFORMATION TABLE) — 214KB
• 0001104659-24-005024.txt ( ) — 218KB

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: Atlantic Union Bankshares Corp Address: 4300 Cox Road Glen Allen , VA   23060 Form 13F File Number: 028-16124 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: Kimberly Thayer Title: Chief Compliance Officer - Trust Phone: 804-774-2075 Signature, Place, and Date of Signing: /s/ Kimberly Thayer Richmond ,  VA 01-12-2024 [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: 0 Form 13F Information Table Entry Total: 473 Form 13F Information Table Value Total: 1,079,010,189 (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.] NONE

View Full Filing

View this 13F-HR filing on SEC EDGAR