LCNB Corp. Reveals Q4 2023 Equity Holdings: Heavy on Tech Giants

TL;DR

**LCNB's Q4 2023 13F shows big bets on Apple and Alphabet, signaling a tech-heavy investment strategy.**

AI Summary

LCNB Corp., a national commercial bank based in Lebanon, OH, filed its 13F-HR report on February 12, 2024, detailing its equity holdings as of December 31, 2023. The filing shows significant investments in tech giants like Apple Inc. with a market value of $6,794,191 across 35,289 shares, and Alphabet Inc. (Class A and C) totaling over $6.7 million. This matters to investors because it reveals LCNB's investment strategy and the types of companies it believes will perform well, potentially influencing their own portfolio decisions.

Why It Matters

This filing provides transparency into LCNB Corp.'s investment portfolio, offering insights into its asset allocation and conviction in specific sectors and companies, which can guide investors in understanding the bank's financial health and strategic direction.

Risk Assessment

Risk Level: medium — The portfolio shows a significant concentration in large-cap technology stocks, which, while generally stable, can still be subject to market volatility and sector-specific downturns.

Analyst Insight

Investors should review LCNB Corp.'s portfolio to understand its investment philosophy and compare it against their own risk tolerance and investment goals. The significant allocation to tech giants like Apple and Alphabet suggests a belief in their long-term growth, which could be a signal for those considering similar investments.

Key Numbers

• $6,794,191 — Market Value of Apple Inc. shares (Represents LCNB's largest single stock holding by market value as of December 31, 2023.)
• 35,289 SH — Shares of Apple Inc. (The total number of Apple shares held by LCNB CORP.)
• $3,415,016 — Market Value of Alphabet Inc. (Class A) shares (A significant holding, indicating LCNB's investment in Google's parent company.)
• $3,367,367 — Market Value of Alphabet Inc. (Class C) shares (Another substantial holding in Alphabet, showing a strong conviction in the company.)
• 20231231 — Conformed Period of Report (The end date of the quarter for which the holdings are reported.)

Key Players & Entities

• LCNB CORP (company) — the filer of the 13F-HR report
• Bradley A. Ruppert (person) — Executive Vice President and Chief Investment Officer of LCNB CORP
• Apple Inc. (company) — a significant holding in LCNB's portfolio
• Alphabet Inc. (company) — a significant holding in LCNB's portfolio
• $6,794,191 (dollar_amount) — market value of Apple Inc. shares held by LCNB CORP
• December 31, 2023 (date) — the period of report for the 13F-HR filing
• February 12, 2024 (date) — the filing date of the 13F-HR report

Forward-Looking Statements

• LCNB Corp. will likely maintain its significant exposure to large-cap technology stocks in its next 13F filing. (LCNB CORP) — medium confidence, target: Q1 2024 13F filing (May 2024)
• The bank's investment strategy will continue to favor established, dividend-paying companies alongside growth-oriented tech firms. (LCNB CORP) — medium confidence, target: Ongoing

FAQ

Filing Documents

• primary_doc.html (13F-HR)
• primary_doc.xml (13F-HR) — 2KB
• 13F-HR.html (INFORMATION TABLE)
• 13F-HR.xml (INFORMATION TABLE) — 68KB
• 0001074902-24-000018.txt ( ) — 71KB

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: LCNB CORP Address: 2 NORTH BROADWAY PO BOX 59 LEBANON , OH   45036 Form 13F File Number: 028-17888 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 A. Ruppert Title: Executive Vice President and Chief Investment Officer Phone: 513-932-1414 Signature, Place, and Date of Signing: Bradley A. Ruppert Lebanon ,  OH 02-12-2024 [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: 180 Form 13F Information Table Value Total: 254,335,546 (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