Deere & Co. Reveals $148M ETF Holdings in Q4 2023 13F
Ticker: DE · Form: 13F-HR · Filed: 2024-01-25T00:00:00.000Z
Sentiment: neutral
Topics: investment-holdings, ETF-investments, portfolio-diversification
TL;DR
**Deere & Co. is holding over $148 million in ETFs, diversifying its portfolio beyond tractors.**
AI Summary
Deere & Co. filed its 13F-HR report on January 25, 2024, for the period ending December 31, 2023, revealing significant holdings in various ETFs. The company reported a sole holding of 344,959 shares of CORE US AGGBD ET valued at $34,237,181, and two separate sole holdings in CORE S&P500 ETF totaling 213,891 shares (52,175 shares valued at $24,920,345 and 161,716 shares valued at $77,240,413). Additionally, Deere & Co. held 221,925 shares of 10+ YR INVST GRD, valued at $11,693,229. This matters to investors because it shows how Deere & Co. is diversifying its investment portfolio beyond its core farm machinery business, potentially indicating a strategy to manage its cash reserves or generate additional returns through financial markets.
Why It Matters
This filing provides transparency into Deere & Co.'s investment strategy, showing how it allocates capital in financial markets, which can impact its overall financial health and shareholder value.
Risk Assessment
Risk Level: low — The filing primarily details investment holdings, which generally presents a low direct risk to the company's core operations, though market fluctuations can impact the value of these investments.
Analyst Insight
Investors should note Deere & Co.'s investment diversification, as it indicates a strategy to manage capital beyond its core business. While not directly impacting operational performance, these investments can contribute to overall financial stability and returns, warranting monitoring in future filings.
Key Numbers
- $148,091,168 — Total market value of holdings (Represents the total value of all reported securities held by Deere & Co. as of December 31, 2023.)
- 344,959 — Shares of CORE US AGGBD ET (Indicates a significant investment in a broad market bond ETF.)
- 213,891 — Total shares of CORE S&P500 ETF (Shows a substantial allocation to a major equity index ETF (52,175 + 161,716 shares).)
- 221,925 — Total shares of 10+ YR INVST GRD (Highlights investment in longer-term investment grade bonds (147,950 + 73,975 shares).)
- 20231231 — Conformed Period of Report (The date for which the investment holdings are reported, providing a snapshot of the portfolio at year-end 2023.)
Key Players & Entities
- Deere & Co. (company) — the filer of the 13F-HR report
- Rhonda J. Copeland (person) — Manager, Investments for Deere & Co.
- $34,237,181 (dollar_amount) — value of CORE US AGGBD ET shares held
- $24,920,345 (dollar_amount) — value of one block of CORE S&P500 ETF shares held
- $77,240,413 (dollar_amount) — value of another block of CORE S&P500 ETF shares held
- $7,795,486 (dollar_amount) — value of one block of 10+ YR INVST GRD shares held
- $3,897,743 (dollar_amount) — value of another block of 10+ YR INVST GRD shares held
Forward-Looking Statements
- Deere & Co. will continue to maintain a diversified portfolio of ETFs to manage its cash reserves and generate supplementary returns. (Deere & Co.) — medium confidence, target: 2024-12-31
FAQ
What was the total market value of all securities held by Deere & Co. as reported in this 13F-HR filing?
The total market value of all securities held by Deere & Co. as of December 31, 2023, was $148,091,168.
Which specific ETFs did Deere & Co. report holdings in, and what were their respective share counts and values?
Deere & Co. reported holdings in CORE US AGGBD ET (344,959 shares, valued at $34,237,181), CORE S&P500 ETF (52,175 shares valued at $24,920,345 and 161,716 shares valued at $77,240,413), and 10+ YR INVST GRD (147,950 shares valued at $7,795,486 and 73,975 shares valued at $3,897,743).
Who signed the 13F-HR filing on behalf of Deere & Co. and what is their role?
The 13F-HR filing was signed by Rhonda J. Copeland, who is the Manager, Investments for Deere & Co.
What was the 'Conformed Period of Report' for this 13F-HR filing?
The 'Conformed Period of Report' for this 13F-HR filing was 20231231, meaning the holdings are reported as of December 31, 2023.
What is the Central Index Key (CIK) for Deere & Co. as listed in the filing?
The Central Index Key (CIK) for Deere & Co. is 0000315189.
From the Filing
0001415889-24-001792.txt : 20240125 0001415889-24-001792.hdr.sgml : 20240125 20240125144257 ACCESSION NUMBER: 0001415889-24-001792 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240125 DATE AS OF CHANGE: 20240125 EFFECTIVENESS DATE: 20240125 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEERE & CO CENTRAL INDEX KEY: 0000315189 STANDARD INDUSTRIAL CLASSIFICATION: FARM MACHINERY & EQUIPMENT [3523] ORGANIZATION NAME: 06 Technology IRS NUMBER: 362382580 STATE OF INCORPORATION: DE FISCAL YEAR END: 1029 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-00850 FILM NUMBER: 24561491 BUSINESS ADDRESS: STREET 1: ONE JOHN DEERE PLACE CITY: MOLINE STATE: IL ZIP: 61265-8098 BUSINESS PHONE: (309) 765-8000 MAIL ADDRESS: STREET 1: ONE JOHN DEERE PLACE CITY: MOLINE STATE: IL ZIP: 61265-8098 13F-HR 1 primary_doc.xml X0202 13F-HR LIVE false false false 0000315189 XXXXXXXX 12-31-2023 12-31-2023 DEERE & CO ONE JOHN DEERE PLACE MOLINE IL 61265-8098 13F HOLDINGS REPORT 028-00850 N Rhonda J. Copeland Manager, Investments 309-765-4172 /s/ Rhonda J. Copeland Moline IL 01-25-2024 0 5 148091168 false INFORMATION TABLE 2 form13f-1706211774_infotable.xml CORE US AGGBD ET 464287226 34237181 344959 SH SOLE 344959 0 0 CORE S&P500 ETF 464287200 24920345 52175 SH SOLE 52175 0 0 CORE S&P500 ETF 464287200 77240413 161716 SH SOLE 161716 0 0 10+ YR INVST GRD 464289511 7795486 147950 SH SOLE 147950 0 0 10+ YR INVST GRD 464289511 3897743 73975 SH SOLE 73975 0 0