PARK NATIONAL CORP /OH/ Discloses $461M Equity Portfolio in 13F-HR

TL;DR

**PARK NATIONAL CORP /OH/ just dropped its 13F, showing a $461M equity portfolio with big bets on healthcare and tech giants.**

AI Summary

PARK NATIONAL CORP /OH/ filed its 13F-HR on January 2, 2024, revealing its equity holdings as of December 31, 2023. The filing shows a significant portfolio value of $461,244,405, managed by J. Bradley Zellar, Vice President and Trust Officer. Key holdings include $36.8 million in Abbott Laboratories, $21.8 million in AbbVie Inc., and $51.2 million in Alphabet Inc. Class A, indicating a diversified investment strategy across major U.S. companies. This matters to investors as it provides transparency into the bank's investment decisions and its overall market exposure, which can influence its financial stability and future performance.

Why It Matters

This filing offers a snapshot of PARK NATIONAL CORP /OH/'s investment strategy and market exposure, which can impact its profitability and risk profile. Understanding these holdings helps investors assess the bank's financial health and its potential for growth.

Risk Assessment

Risk Level: medium — The portfolio is diversified across many large-cap companies, but still exposed to market fluctuations inherent in equity investments.

Analyst Insight

Investors should review the specific holdings to understand the underlying sector exposure and diversification of PARK NATIONAL CORP /OH/'s managed assets, as this reflects their investment philosophy and potential for future earnings from these holdings.

Key Numbers

• $461,244,405 — Total Market Value of Holdings (Represents the total value of equity securities managed by PARK NATIONAL CORP /OH/ as of December 31, 2023.)
• 334,696 SH — Abbott Laboratories Shares (The number of shares of Abbott Laboratories held solely by PARK NATIONAL CORP /OH/, valued at $36,839,989.)
• 140,966 SH — AbbVie Inc. Shares (The number of shares of AbbVie Inc. held solely by PARK NATIONAL CORP /OH/, valued at $21,845,501.)
• 366,803 SH — Alphabet Inc. Class A Shares (The number of shares of Alphabet Inc. Class A held solely by PARK NATIONAL CORP /OH/, valued at $51,238,711, making it the largest disclosed holding.)
• 20231231 — Conformed Period of Report (The date for which the holdings are reported, providing a clear snapshot of the portfolio at year-end.)

Key Players & Entities

• PARK NATIONAL CORP /OH/ (company) — the filer of the 13F-HR
• J. Bradley Zellar (person) — Vice President and Trust Officer responsible for the filing
• Abbott Laboratories (company) — a significant holding in the portfolio
• AbbVie Inc. (company) — a significant holding in the portfolio
• Alphabet Inc. Class A (company) — the largest disclosed holding in the portfolio
• $461,244,405 (dollar_amount) — total market value of the portfolio as of December 31, 2023

Forward-Looking Statements

• PARK NATIONAL CORP /OH/ will likely maintain a diversified portfolio with a focus on large-cap U.S. equities in its next filing. (PARK NATIONAL CORP /OH/) — high confidence, target: Q1 2024 13F-HR filing
• The bank's investment strategy will continue to include significant positions in healthcare and technology sectors. (PARK NATIONAL CORP /OH/) — medium confidence, target: Next 13F-HR filing

FAQ

Filing Documents

• primary_doc.html (13F-HR)
• primary_doc.xml (13F-HR) — 2KB
• infotable.html (INFORMATION TABLE)
• infotable.xml (INFORMATION TABLE) — 208KB
• 0001104659-24-000341.txt ( ) — 211KB

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: PARK NATIONAL CORP /OH/ Address: P O Box 3500 Newark , OH   43058-3500 Form 13F File Number: 028-10278 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: J. Bradley Zellar Title: Vice President and Trust Officer Phone: 740-349-3904 Signature, Place, and Date of Signing: /s/ J. Bradley Zellar Newark ,  OH 01-02-2024 [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: 461 Form 13F Information Table Value Total: 2,444,054,904 (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