Peoples Financial Services Corp. Q4 2023 Holdings: Big Bets on AbbVie, Adobe

TL;DR

**Peoples Financial Services Corp. is bullish on big tech and pharma, holding millions in AbbVie and Adobe as of Q4 2023.**

AI Summary

Peoples Financial Services Corp. filed its 13F-HR on January 24, 2024, revealing its equity holdings as of December 31, 2023. The filing shows significant positions in major companies like AbbVie Inc. with a market value of $2,648,106 across 17,088 shares and Adobe Inc. valued at $2,155,460 with 3,613 shares. This matters to investors because it provides transparency into the investment strategy of Peoples Financial Services Corp., indicating their confidence in large-cap technology and pharmaceutical sectors, which could influence their stock's performance.

Why It Matters

This filing offers a look into the investment decisions of Peoples Financial Services Corp.'s trust operations, potentially signaling their market outlook and influencing how investors perceive the company's financial acumen.

Risk Assessment

Risk Level: medium — The risk is medium as the filing shows a diversified portfolio, but significant concentration in a few large-cap stocks could still expose the fund to sector-specific downturns.

Analyst Insight

Investors should review the specific holdings to understand the fund's sector exposure and compare it against their own investment thesis for Peoples Financial Services Corp. stock.

Key Numbers

• $2,648,106 — Market Value of AbbVie Inc. shares (Represents the largest disclosed holding by market value as of December 31, 2023.)
• 17,088 SH — Shares of AbbVie Inc. (Total shares held in AbbVie Inc., indicating a substantial position.)
• $2,155,460 — Market Value of Adobe Inc. shares (Represents the second largest disclosed holding by market value as of December 31, 2023.)
• 3,613 SH — Shares of Adobe Inc. (Total shares held in Adobe Inc., showing another significant investment.)
• 20231231 — Conformed Period of Report (The date for which the holdings are reported, providing a snapshot of the portfolio at year-end.)

Key Players & Entities

• PEOPLES FINANCIAL SERVICES CORP. (company) — filer of the 13F-HR
• Carla Olenchak (person) — VP, Trust Operations Manager
• AbbVie Inc. (company) — significant holding in the portfolio
• Adobe Inc. (company) — significant holding in the portfolio
• $2,648,106 (dollar_amount) — market value of AbbVie Inc. shares held
• $2,155,460 (dollar_amount) — market value of Adobe Inc. shares held

Forward-Looking Statements

• Peoples Financial Services Corp. will maintain its significant positions in large-cap pharmaceutical and technology companies in its next filing. (PEOPLES FINANCIAL SERVICES CORP.) — medium confidence, target: 2024-03-31

FAQ

Filing Documents

• primary_doc.html (13F-HR)
• primary_doc.xml (13F-HR) — 2KB
• sch13f2023q4.html (INFORMATION TABLE)
• sch13f2023q4.xml (INFORMATION TABLE) — 209KB
• 0001056943-24-000010.txt ( ) — 212KB

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: PEOPLES FINANCIAL SERVICES CORP. Address: 150 N WASHINGTON AVE SCRANTON , PA   18503 Form 13F File Number: 028-15675 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: Carla Olenchak Title: VP, Trust Operations Manager Phone: Signature, Place, and Date of Signing: Carla Olenchak Quinton ,  VA 01-24-2024 [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: 393 Form 13F Information Table Value Total: 230,673,661 (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