UNIVEST FINANCIAL Reveals Major Tech Holdings in Q4 2023 13F

TL;DR

**UNIVEST FINANCIAL's 13F shows big bets on Apple, Amazon, and Alphabet, signaling a tech-heavy portfolio.**

AI Summary

UNIVEST FINANCIAL Corp, a Pennsylvania-based state commercial bank, filed its 13F-HR on February 6, 2024, detailing its holdings as of December 31, 2023. The filing reveals significant sole investment positions in tech giants like Apple Inc. ($12,214,103 across 63,440 shares) and Amazon.com Inc. ($7,947,222 across 52,305 shares), alongside substantial holdings in Alphabet Inc. Class A ($7,710,050 across 55,194 shares). This matters to investors because it provides transparency into UNIVEST's investment strategy, showing a strong preference for large-cap technology stocks, which can influence the bank's overall financial performance and risk profile.

Why It Matters

This filing offers a look into UNIVEST FINANCIAL's investment portfolio, indicating their strategic allocation towards major technology companies, which can impact their returns and exposure to market fluctuations.

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 sector-specific volatility.

Analyst Insight

Investors should monitor the performance of the major tech stocks held by UNIVEST FINANCIAL Corp, as their movements will significantly impact the bank's investment portfolio value. This filing provides a snapshot of their strategy, but future filings will show if they are increasing or decreasing these positions.

Key Numbers

• $12.2M — Apple Inc. (sole holdings) (Represents UNIVEST FINANCIAL's largest sole equity position as of December 31, 2023.)
• $7.9M — Amazon.com Inc. (sole holdings) (Represents UNIVEST FINANCIAL's second largest sole equity position as of December 31, 2023.)
• $7.7M — Alphabet Inc. Class A (sole holdings) (Represents UNIVEST FINANCIAL's third largest sole equity position as of December 31, 2023.)
• 63,440 — Apple Inc. shares (sole holdings) (The number of Apple shares UNIVEST FINANCIAL held solely, indicating a substantial investment.)
• 52,305 — Amazon.com Inc. shares (sole holdings) (The number of Amazon shares UNIVEST FINANCIAL held solely, highlighting their significant stake.)

Key Players & Entities

• UNIVEST FINANCIAL Corp (company) — filer of the 13F-HR
• Apple Inc. (company) — significant sole holding with $12,214,103 value
• Amazon.com Inc. (company) — significant sole holding with $7,947,222 value
• Alphabet Inc. Class A (company) — significant sole holding with $7,710,050 value
• Beth Nauman (person) — Compliance Trust Officer for UNIVEST FINANCIAL Corp
• $12,214,103 (dollar_amount) — value of Apple Inc. shares held solely
• $7,947,222 (dollar_amount) — value of Amazon.com Inc. shares held solely
• $7,710,050 (dollar_amount) — value of Alphabet Inc. Class A shares held solely

Forward-Looking Statements

• UNIVEST FINANCIAL Corp will likely maintain its significant exposure to large-cap technology stocks in its next 13F filing. (UNIVEST FINANCIAL Corp) — high confidence, target: 2024-05-15
• The performance of Apple, Amazon, and Alphabet will heavily influence UNIVEST FINANCIAL Corp's investment portfolio returns in the coming quarter. (UNIVEST FINANCIAL Corp) — high confidence, target: 2024-03-31

FAQ

Filing Documents

• primary_doc.html (13F-HR)
• primary_doc.xml (13F-HR) — 2KB
• infotable.html (INFORMATION TABLE)
• infotable.xml (INFORMATION TABLE) — 112KB
• 0001085146-24-000773.txt ( ) — 115KB

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: UNIVEST FINANCIAL Corp Address: 14 North Main Street Po Box 197 SOUDERTON , PA   18964 Form 13F File Number: 028-03779 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: Beth Nauman Title: Compliance Trust Officer Phone: 215-703-5240 Signature, Place, and Date of Signing: /s/ Beth Nauman Souderton ,  PA 02-06-2024 [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: 204 Form 13F Information Table Value Total: 338,137,626 (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