German American Bancorp Reveals $36.9M Apple, $25M Alphabet Stakes

TL;DR

**German American Bancorp is heavily invested in big tech, holding millions in Apple, Alphabet, and Amazon as of Q4 2023.**

AI Summary

German American Bancorp, Inc. (GABC) filed its 13F-HR on February 8, 2024, revealing its equity holdings as of December 31, 2023. The filing shows significant investments in tech giants like Apple Inc. ($36.9 million across 191,721 shares) and Alphabet Inc. Class A ($25 million across 179,153 shares), alongside substantial positions in Amazon.com Inc. ($15.9 million across 105,272 shares) and Abbott Labs ($7.7 million across 70,116 shares). This matters to investors because it provides transparency into the bank's investment strategy, showing a diversified portfolio with a strong lean towards established, large-cap companies, which could indicate a conservative yet growth-oriented approach to managing its investment assets.

Why It Matters

This filing offers a look into German American Bancorp's investment portfolio, indicating their strategic allocation of capital and potential future revenue streams beyond traditional banking operations.

Risk Assessment

Risk Level: low — The filing shows a diversified portfolio across well-established, large-cap companies, which generally reduces overall investment risk.

Analyst Insight

Investors should note German American Bancorp's significant allocation to large-cap tech, which suggests a strategy focused on stable growth and market leaders. This could be a positive signal for those looking for a bank with a diversified and potentially resilient investment portfolio.

Key Numbers

• $36.9M — Value of Apple Inc. shares (Represents the largest single holding by value in the portfolio.)
• 191,721 — Shares of Apple Inc. (Indicates the number of Apple shares held by German American Bancorp, Inc.)
• $25.0M — Value of Alphabet Inc. Class A shares (Represents a substantial holding in a major tech company.)
• 179,153 — Shares of Alphabet Inc. Class A (Indicates the number of Alphabet Class A shares held.)
• $15.9M — Value of Amazon.com Inc. shares (Another significant investment in a leading e-commerce and cloud computing company.)

Key Players & Entities

• GERMAN AMERICAN BANCORP, INC. (company) — the filer of the 13F-HR
• Bradley M. Rust (person) — President & CFO of German American Bancorp, Inc.
• Apple Inc. (company) — a significant holding in the portfolio
• Alphabet Inc. Class A (company) — a significant holding in the portfolio
• Amazon.com Inc. (company) — a significant holding in the portfolio
• $36,912,044 (dollar_amount) — value of Apple Inc. shares held
• $25,025,882 (dollar_amount) — value of Alphabet Inc. Class A shares held
• December 31, 2023 (date) — the period of report for the holdings

Forward-Looking Statements

• German American Bancorp will likely maintain its significant positions in large-cap tech stocks like Apple, Alphabet, and Amazon in its next filing, reflecting a continued belief in their long-term growth. (GERMAN AMERICAN BANCORP, INC.) — medium confidence, target: Q1 2024 13F-HR filing (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) — 61KB
• 0000714395-24-000009.txt ( ) — 65KB

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: GERMAN AMERICAN BANCORP, INC. Address: 711 MAIN STREET JASPER , IN   47546 Form 13F File Number: 028-18884 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: Bradley M. Rust Title: President & CFO Phone: 812-482-1314 Signature, Place, and Date of Signing: Bradley M. Rust Jasper ,  IN 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: 0 Form 13F Information Table Entry Total: 168 Form 13F Information Table Value Total: 758,869,911 (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