Truist Reveals Q4 2023 Equity Holdings: Arch Capital, Amcor Top Buys

TL;DR

**Truist's Q4 2023 13F shows big bets on Arch Capital and Amcor, signaling their conviction in these names.**

AI Summary

Truist Financial Corp (TFC) filed its 13F-HR on February 2, 2024, revealing its equity holdings as of December 31, 2023. The filing shows significant positions in companies like Arch Capital Group Ltd. with 542,285 shares valued at $40,275,507, and Amcor PLC with 596,815 shares valued at $5,753,296. This matters to investors because it provides transparency into Truist's investment strategy and the specific stocks they are betting on, offering insights into potential market trends or undervalued assets identified by a major financial institution.

Why It Matters

This filing offers a look into Truist's investment decisions, which can signal confidence or concern in specific sectors or companies, potentially influencing other investors.

Risk Assessment

Risk Level: low — 13F filings are backward-looking disclosures of institutional holdings and do not inherently carry high risk, but rather provide transparency.

Analyst Insight

Smart investors should review the top holdings like Arch Capital Group Ltd. and Amcor PLC to understand where a major financial institution like Truist is allocating capital, potentially signaling strong conviction in these companies or sectors for future growth.

Key Numbers

• $40,275,507 — Arch Capital Group Ltd. holding value (Represents Truist's largest disclosed position by value in this excerpt, indicating a strong conviction.)
• 542,285 — Arch Capital Group Ltd. shares (The number of shares Truist holds in Arch Capital Group Ltd., showing the scale of their investment.)
• $5,753,296 — Amcor PLC holding value (Represents a significant position in Amcor PLC, highlighting another key investment.)
• 596,815 — Amcor PLC shares (The number of shares Truist holds in Amcor PLC, demonstrating their substantial stake.)
• 20231231 — Conformed Period of Report (The date for which the holdings are reported, indicating the snapshot in time for these investments.)

Key Players & Entities

• TRUIST FINANCIAL CORP (company) — the filer of the 13F-HR
• Robert R. Magill (person) — Senior Vice President who signed the filing
• Arch Capital Group Ltd. (company) — a significant holding in Truist's portfolio
• Amcor PLC (company) — another significant holding in Truist's portfolio
• $40,275,507 (dollar_amount) — value of Truist's Arch Capital Group Ltd. holding
• $5,753,296 (dollar_amount) — value of Truist's Amcor PLC holding

Forward-Looking Statements

• Truist's significant stake in Arch Capital Group Ltd. suggests a positive outlook on the insurance sector's performance. (Arch Capital Group Ltd.) — medium confidence, target: 2024-12-31
• The substantial holding in Amcor PLC indicates Truist's belief in the stability and growth potential of the packaging industry. (Amcor PLC) — medium confidence, target: 2024-12-31

FAQ

Filing Documents

• primary_doc.html (13F-HR)
• primary_doc.xml (13F-HR) — 3KB
• STI13FDEC2023.html (INFORMATION TABLE)
• STI13FDEC2023.xml (INFORMATION TABLE) — 3070KB
• 0000092230-24-000004.txt ( ) — 3075KB

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: TRUIST FINANCIAL CORP Address: 214 NORTH TRYON STREET CHARLOTTE , NC   28202 Form 13F File Number: 028-03501 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: Robert R. Magill Title: Senior Vice President Phone: 252-246-2190 Signature, Place, and Date of Signing: Robert R. Magill Wilson ,  NC 02-02-2024 [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: 3 Form 13F Information Table Entry Total: 6,214 Form 13F Information Table Value Total: 62,907,212,202 (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.] No. Name Form 13F File No. CRD No. (if applicable) SEC File No. (if applicable) CIK 5 TRUIST BANK /NC/ 028-01507 12 Truist Advisory Services, Inc. 028-18010 000283390 801-107729 15 Sterling Capital Management LLC 028-11465 000135405 801-64257

View Full Filing

View this 13F-HR filing on SEC EDGAR