Citizens & Northern Corp Reveals Diversified $50M+ Equity Portfolio

TL;DR

**Citizens & Northern Corp's 13F shows a diversified portfolio heavy on big tech and ETFs as of 12/31/2023.**

AI Summary

Citizens & Northern Corp, a Pennsylvania-based state commercial bank, filed its 13F-HR report on February 9, 2024, detailing its equity holdings as of December 31, 2023. The filing reveals a diversified portfolio with significant positions in tech giants like Apple Computer Inc. ($10.94 million across 56,827 shares) and Alphabet Inc. Class C ($7.89 million across 55,980 shares), alongside substantial investments in Amazon Communications Inc. ($5.19 million across 34,168 shares) and American Tower REIT Inc. ($1.96 million across 9,073 shares). This matters to shareholders as it provides transparency into the bank's investment strategy and the composition of its managed assets, indicating a preference for established, large-cap companies and diversified ETFs.

Why It Matters

This filing offers a look into Citizens & Northern Corp's investment strategy, showing how it manages its assets and where it sees value in the market, which can influence investor confidence.

Risk Assessment

Risk Level: low — The portfolio shows diversification across various sectors and includes ETFs, which generally reduces concentration risk.

Analyst Insight

Investors should review the specific holdings to understand the underlying exposure of Citizens & Northern Corp's managed assets, particularly the significant allocations to tech giants and diversified ETFs, to assess alignment with their own investment theses.

Key Numbers

• $10.94M — Apple Computer Inc. holding value (Represents the largest single equity position by market value as of December 31, 2023, indicating a strong conviction in the tech giant.)
• 56,827 — Apple Computer Inc. shares held (The number of shares held in Apple, corresponding to the largest dollar value in the portfolio.)
• $7.89M — Alphabet Inc. Class C holding value (The second largest equity position by market value, showing continued investment in major technology companies.)
• 55,980 — Alphabet Inc. Class C shares held (The number of shares held in Alphabet Class C, reflecting a significant stake in another tech leader.)
• 20231231 — Conformed Period of Report (This date signifies the snapshot of the portfolio's holdings, crucial for understanding the timing of these investments.)

Key Players & Entities

• CITIZENS & NORTHERN CORP (company) — filer of the 13F-HR report
• Mark A. Hughes (person) — Executive Vice President and Chief Financial Officer
• Apple Computer Inc. (company) — largest holding by value in the portfolio
• Alphabet Inc. Class C (company) — second largest holding by value in the portfolio
• Amazon Communications Inc. (company) — significant holding in the portfolio
• American Tower REIT Inc. (company) — significant holding in the portfolio
• $10,940,902 (dollar_amount) — value of Apple Computer Inc. shares held
• $7,889,261 (dollar_amount) — value of Alphabet Inc. Class C shares held
• $5,191,486 (dollar_amount) — value of Amazon Communications Inc. shares held
• $1,958,679 (dollar_amount) — value of American Tower REIT Inc. shares held

Forward-Looking Statements

• Citizens & Northern Corp will continue to favor large-cap technology stocks and diversified ETFs in its future investment strategies. (CITIZENS & NORTHERN CORP) — medium confidence, target: 20241231

FAQ

Filing Documents

• primary_doc.html (13F-HR)
• primary_doc.xml (13F-HR) — 2KB
• infotable.html (INFORMATION TABLE)
• infotable.xml (INFORMATION TABLE) — 55KB
• 0001104659-24-012898.txt ( ) — 58KB

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: CITIZENS & NORTHERN CORP Address: 90-92 Main St Wellsboro , PA   16901 Form 13F File Number: 028-14195 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: Mark A. Hughes Title: Executive Vice President and Chief Financial Officer Phone: 570-724-3411 Signature, Place, and Date of Signing: /s/ Mark A. Hughes Wellsboro ,  PA 02-09-2024 [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: 1 Form 13F Information Table Entry Total: 111 Form 13F Information Table Value Total: 280,126,843 (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 1 Citizens & Northern Bank 028-14473

View Full Filing

View this 13F-HR filing on SEC EDGAR