Norwood Financial Corp Discloses $65.9M Q4 2023 Holdings

TL;DR

**Norwood Financial Corp's Q4 2023 13F shows a diverse $65.9M portfolio with significant stakes in AbbVie and LyondellBasell.**

AI Summary

Norwood Financial Corp, a Pennsylvania-based state commercial bank, filed its 13F-HR on January 12, 2024, revealing its holdings as of December 31, 2023. The filing shows a total managed amount of $65,976,895 across various sole and shared investment positions. Notably, the largest sole holding is LyondellBasell Industries N with 2,275 shares valued at $216,305, while the largest shared holding is AbbVie Inc. with 7,000 shares valued at $1,084,783. This matters to investors as it provides transparency into the bank's investment strategy and portfolio composition, indicating its exposure to different sectors and companies.

Why It Matters

This filing offers a snapshot of Norwood Financial Corp's investment strategy and portfolio at the end of 2023, giving shareholders insight into how the bank is managing its assets and where it sees value.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of past holdings and does not indicate any immediate new risks or changes to the company's operations.

Analyst Insight

Investors should review the specific holdings to understand Norwood Financial Corp's sector exposure and investment preferences, particularly the significant positions in AbbVie Inc. and LyondellBasell Industries N, to align with their own investment theses.

Key Numbers

• $65.9M — Total Managed Amount (Represents the total market value of securities managed by Norwood Financial Corp as of December 31, 2023.)
• 2,275 SH — LyondellBasell Industries N Shares (The largest sole position in the portfolio, valued at $216,305.)
• 7,000 SH — AbbVie Inc. Shares (The largest shared position in the portfolio, valued at $1,084,783.)
• 20231231 — Conformed Period of Report (The date for which the reported holdings are accurate, indicating the end of the fourth quarter.)

Key Players & Entities

• Norwood Financial Corp (company) — the filer of the 13F-HR
• Diane Wylam, Esq. (person) — Senior Vice President and Senior Trust Officer who signed the filing
• LyondellBasell Industries N (company) — largest sole holding by value in the portfolio
• AbbVie Inc. (company) — largest shared holding by value in the portfolio
• $65,976,895 (dollar_amount) — total value of managed investments as of December 31, 2023

Forward-Looking Statements

• Norwood Financial Corp will maintain a diversified portfolio with a mix of domestic and foreign equities in its next 13F-HR filing. (Norwood Financial Corp) — high confidence, target: Q1 2024 (April 2024 filing)

FAQ

Filing Documents

• primary_doc.html (13F-HR)
• primary_doc.xml (13F-HR) — 2KB
• 29292.html (INFORMATION TABLE)
• 29292.xml (INFORMATION TABLE) — 177KB
• 0000950123-24-000161.txt ( ) — 180KB

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: Norwood Financial Corp Address: 717 Main St PO Box 269 Honesdale , PA   18431 Form 13F File Number: 028-21652 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: Diane Wylam, Esq. Title: Senior Vice President and Senior Trust Officer Phone: (570) 253-8506 Signature, Place, and Date of Signing: /s/ Diane Wylam, Esq. Honesdale ,  PA 01-11-2024 [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: 388 Form 13F Information Table Value Total: 65,976,895 (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