Fidelity D & D Bancorp Reveals Q4 Holdings: Big Bet on American Energy

TL;DR

**Fidelity D & D Bancorp is heavily invested in American Energy Partners, holding over 8.5 million shares.**

AI Summary

Fidelity D & D Bancorp Inc. filed its 13F-HR on January 12, 2024, revealing its equity holdings as of December 31, 2023. The filing shows significant sole investment in American Energy Partners INC with 8,556,390 shares, valued at $283,644. Additionally, the bank holds substantial positions in tech giants like Apple Inc. (8,903 sole shares, valued at $1,714,095) and Alphabet Inc. Class C (2,280 sole shares, valued at $321,320). This matters to investors because it provides transparency into Fidelity D & D Bancorp's investment strategy and its confidence in specific companies, particularly its large stake in American Energy Partners.

Why It Matters

This filing offers a snapshot of Fidelity D & D Bancorp's investment portfolio, indicating where the bank sees value and allocating its capital, which can influence investor perception of its financial health and strategy.

Risk Assessment

Risk Level: medium — The significant concentration in American Energy Partners introduces a moderate risk due to potential volatility in a single, less diversified holding.

Analyst Insight

Investors should monitor future filings to see if Fidelity D & D Bancorp maintains or adjusts its large position in American Energy Partners, as this could signal a change in their conviction or the company's prospects. Also, observe the performance of their significant tech holdings.

Key Numbers

• 8,556,390 SH — Sole shares of American Energy Partners INC (Represents a significant concentrated investment by Fidelity D & D Bancorp.)
• $283,644 — Value of sole holdings in American Energy Partners INC (Indicates the dollar amount Fidelity D & D Bancorp has invested in this company.)
• 8,903 SH — Sole shares of Apple Inc. (Shows a substantial investment in a major tech company.)
• $1,714,095 — Value of sole holdings in Apple Inc. (Highlights the largest single-stock valuation in the reported portfolio.)
• 20231231 — Conformed Period of Report (The date as of which the reported holdings are accurate.)

Key Players & Entities

• Fidelity D & D Bancorp Inc. (company) — the filer of the 13F-HR
• American Energy Partners INC (company) — a company in which Fidelity D & D Bancorp holds a substantial sole investment
• Apple Inc. (company) — a technology company in which Fidelity D & D Bancorp holds a significant sole investment
• Alphabet Inc. Class C (company) — a technology company in which Fidelity D & D Bancorp holds a significant sole investment
• William J. Fennie III (person) — VP, Investment Officer who signed the filing
• $283,644 (dollar_amount) — value of sole holdings in American Energy Partners INC
• $1,714,095 (dollar_amount) — value of sole holdings in Apple Inc.
• $321,320 (dollar_amount) — value of sole holdings in Alphabet Inc. Class C

Forward-Looking Statements

• Fidelity D & D Bancorp will maintain its significant stake in American Energy Partners INC. (American Energy Partners INC) — medium confidence, target: 2024-06-30
• Fidelity D & D Bancorp may adjust its holdings in large-cap tech stocks like Apple and Alphabet based on market performance. (Apple Inc., Alphabet Inc.) — medium confidence, target: 2024-09-30

FAQ

Filing Documents

• primary_doc.html (13F-HR)
• primary_doc.xml (13F-HR) — 2KB
• F13InfoTable_64717.html (INFORMATION TABLE)
• F13InfoTable_64717.xml (INFORMATION TABLE) — 66KB
• 0001437749-24-001263.txt ( ) — 69KB

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: FIDELITY D & D BANCORP INC Address: Blakely & Drinker Streets Dunmore , PA   18512 Form 13F File Number: 028-23470 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: William J. Fennie III Title: VP, Investment Officer Phone: 570-504-8084 Signature, Place, and Date of Signing: /s/ William J. Fennie III Dunmore ,  PA 01-08-2024 [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: 0 Form 13F Information Table Entry Total: 168 Form 13F Information Table Value Total: 128,609,718 (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