First Bancorp /ME/ Reveals $5M Apple, $1.5M Amazon Holdings

TL;DR

**First Bancorp's Q4 2023 13F shows big bets on Apple and Amazon.**

AI Summary

First Bancorp, Inc /ME/ filed its 13F-HR on January 23, 2024, disclosing its holdings as of December 31, 2023. The filing reveals significant sole investment in Apple Inc. common stock, valued at $5,002,700 across 25,984 shares, and Amazon.com Inc. common stock, valued at $1,520,463 across 10,007 shares. This matters to investors because it provides transparency into the investment strategy and portfolio composition of First Bancorp, Inc, indicating their confidence in major tech companies.

Why It Matters

This filing offers a snapshot of First Bancorp's investment decisions, showing where they've allocated capital and their conviction in specific companies, which can influence investor sentiment.

Risk Assessment

Risk Level: low — This is a routine disclosure filing and does not inherently indicate new risks, but rather provides transparency into existing investment risks.

Analyst Insight

Investors should review First Bancorp's portfolio for alignment with their own investment theses, particularly regarding its substantial holdings in major tech companies like Apple and Amazon, to understand the bank's investment philosophy and potential exposure.

Key Numbers

• $5,002,700 — Apple Inc. common stock value (Represents the largest sole holding by market value as of December 31, 2023.)
• 25,984 SH — Apple Inc. common stock shares (Total shares of Apple Inc. common stock held solely by First Bancorp.)
• $1,520,463 — Amazon.com Inc. common stock value (Represents a significant sole holding by market value as of December 31, 2023.)
• 10,007 SH — Amazon.com Inc. common stock shares (Total shares of Amazon.com Inc. common stock held solely by First Bancorp.)
• 20231231 — Conformed Period of Report (The date for which the reported holdings are accurate, providing a clear snapshot of the portfolio.)

Key Players & Entities

• First Bancorp, Inc /ME/ (company) — the filer of the 13F-HR
• Peter Nicholson (person) — EVP, Chief Fiduciary Officer who signed the filing
• Apple Inc. (company) — a significant holding in First Bancorp's portfolio
• Amazon.com Inc. (company) — a significant holding in First Bancorp's portfolio
• $5,002,700 (dollar_amount) — value of Apple Inc. common stock held solely
• $1,520,463 (dollar_amount) — value of Amazon.com Inc. common stock held solely

Forward-Looking Statements

• First Bancorp will likely maintain its significant positions in large-cap tech stocks like Apple and Amazon in its next filing. (First Bancorp, Inc /ME/) — medium confidence, target: Q1 2024 13F-HR filing (due May 2024)

FAQ

Filing Documents

• primary_doc.html (13F-HR)
• primary_doc.xml (13F-HR) — 2KB
• information_table.html (INFORMATION TABLE)
• information_table.xml (INFORMATION TABLE) — 80KB
• 0000765207-24-000002.txt ( ) — 83KB

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: First Bancorp, Inc /ME/ Address: P.O. Box 940 Damariscotta , ME   04543 Form 13F File Number: 028-21186 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: Peter Nicholson Title: EVP, Chief Fiduciary Officer Phone: 207-563-3195 Signature, Place, and Date of Signing: Peter Nicholson Bar Harbor ,  ME 01-23-2024 [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: 219 Form 13F Information Table Value Total: 126,527,348 (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