Westpac Reveals Diverse US Equity Holdings as of Q4 2023

TL;DR

**Westpac's Q4 2023 13F shows broad US equity exposure, including big tech and consumer staples.**

AI Summary

Westpac Banking Corp, a major Australian financial institution, filed its 13F-HR on February 8, 2024, detailing its U.S. equity holdings as of December 31, 2023. The filing reveals a diverse portfolio, including significant positions in tech giants like Adobe Inc. (totaling 25,619 shares across multiple entries) and Advanced Micro Devices Inc. (totaling 48,518 shares), alongside consumer staples like 3M Co. (totaling 37,987 shares). This matters to investors as it provides transparency into Westpac's investment strategy and its confidence in various U.S. sectors, potentially signaling trends or undervalued opportunities identified by a sophisticated institutional investor.

Why It Matters

This filing offers a glimpse into the investment strategy of a major global bank, potentially influencing how other investors perceive the value and future prospects of the listed companies.

Risk Assessment

Risk Level: low — 13F filings are backward-looking disclosures of holdings, offering transparency rather than indicating immediate risk.

Analyst Insight

Investors should review Westpac's holdings as a potential indicator of sectors and companies favored by large institutional investors, but remember that 13F filings are historical snapshots and do not reflect current positions.

Key Numbers

• 37,987 shares — Total 3M Co. shares held (Represents Westpac's combined position in 3M Co. as of December 31, 2023.)
• 25,619 shares — Total Adobe Inc. shares held (Indicates Westpac's combined investment in Adobe Inc. as of December 31, 2023.)
• 48,518 shares — Total Advanced Micro Devices Inc. shares held (Shows Westpac's combined stake in Advanced Micro Devices Inc. as of December 31, 2023.)
• 42,143 shares — Total AFLAC Inc. shares held (Highlights Westpac's combined position in AFLAC Inc. as of December 31, 2023.)
• December 31, 2023 — Conformed Period of Report (This is the snapshot date for all reported holdings, crucial for understanding the timeliness of the data.)

Key Players & Entities

• WESTPAC BANKING CORP (company) — the filer of the 13F-HR
• Julia Hanson (person) — Practice Lead - Organisational Conflicts, who signed the filing
• 3M CO (company) — a significant holding with 37,987 shares
• ABBOTT LABS (company) — a significant holding with 13,808 shares
• ADOBE INC (company) — a significant holding with 25,619 shares
• ADVANCED MICRO DEVICES INC (company) — a significant holding with 48,518 shares
• AFLAC INC (company) — a significant holding with 42,143 shares
• BT Funds Management (NZ) Ltd (company) — a subsidiary listed in the filing
• Westpac Financial Services Ltd (company) — a subsidiary listed in the filing
• December 31, 2023 (date) — the period of report for the holdings

Forward-Looking Statements

• Westpac will maintain a diversified portfolio in its next 13F filing, reflecting a balanced approach to market volatility. (WESTPAC BANKING CORP) — medium confidence, target: 2024-05-15
• The bank may increase its exposure to technology stocks like Adobe and AMD if market conditions remain favorable. (ADOBE INC, ADVANCED MICRO DEVICES INC) — low confidence, target: 2024-05-15

FAQ

Filing Documents

• primary_doc.html (13F-HR)
• primary_doc.xml (13F-HR) — 3KB
• infotable.html (INFORMATION TABLE)
• infotable.xml (INFORMATION TABLE) — 333KB
• 0001104659-24-011816.txt ( ) — 336KB

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: WESTPAC BANKING CORP Address: Level 18, 275 Kent Street Sydney , C3   2000 Form 13F File Number: 028-14770 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: Julia Hanson Title: Practice Lead - Organisational Conflicts Phone: 0011-61481212109 Signature, Place, and Date of Signing: /s/ Julia Hanson Sydney, New South Wales ,  C3 02-07-2024 [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: 2 Form 13F Information Table Entry Total: 694 Form 13F Information Table Value Total: 1,213,078,645 (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 3 BT Funds Management (NZ) Ltd 028-18733 4 Westpac Financial Services Ltd 028-19619

View Full Filing

View this 13F-HR filing on SEC EDGAR