13F-HR: Citizens & Northern Corp's Q3 2024 13F Filing Reveals $333 Million in Holdings

Citizens & Northern Corp's latest 13F filing discloses its equity holdings as of September 30, 2024, totaling over $333 million across 126 positions.

Summary

• Citizens & Northern Corp filed its Form 13F for the quarter ended September 30, 2024.
• The filing reports total holdings valued at $333,077,219.
• The firm holds 126 different positions.
• The largest holding is in Vanguard Russell 1000 Growth ETF with a value of $36,219,033 representing 375,249 shares.
• The second largest holding is in Fidelity MSCI Real Estate Index ETF with a value of $23,707,610 representing 804,193 shares.
• The third largest holding is in Flexshares Morningstar Global Upstream Nat Res Index ETF with a value of $21,722,415 representing 526,604 shares.
• Citizens & Northern Corp also holds a significant position in iShares S&P MidCap 400 Index Fd with a value of $15,432,676 representing 247,636 shares.
• Microsoft Corp is another major holding with a value of $13,846,193 representing 32,178 shares.
• Apple Computer Inc is held with a value of $13,415,907 representing 57,579 shares.
• iShares JPMorgan USD Emerging Markets Bond ETF is held with a value of $10,162,975 representing 108,602 shares.
• Nvidia Corp is held with a value of $11,008,172 representing 90,647 shares.
• Alphabet Inc Class C is held with a value of $7,724,680 representing 46,203 shares.
• Amazon Communications Inc is held with a value of $6,707,694 representing 35,999 shares.
• Citizens & Northern Corp COM is held with a value of $6,464,134 representing 328,295 shares.
• Citizens Financial Services Inc COM is held with a value of $5,242,204 representing 89,229 shares.
• JPMorgan Chase & Co COM is held with a value of $5,231,226 representing 24,809 shares.
• Meta Platforms Inc CL A is held with a value of $5,304,229 representing 9,266 shares.
• Costco Wholesale Corp (New) COM is held with a value of $4,966,285 representing 5,602 shares.
• Exxon Mobil Corp COM is held with a value of $3,353,899 representing 28,612 shares.
• Chipotle Mexican Grill Inc Corp Common COM is held with a value of $3,221,188 representing 55,904 shares.
• Procter & Gamble Co COM is held with a value of $3,194,674 representing 18,445 shares.
• Oracle Corp COM is held with a value of $2,980,807 representing 17,493 shares.
• Home Depot Inc COM is held with a value of $2,675,941 representing 6,604 shares.
• International Business Machines COM is held with a value of $2,681,258 representing 12,128 shares.
• Salesforce, Inc. COM is held with a value of $2,409,743 representing 8,804 shares.
• Abbott Labs COM is held with a value of $2,459,880 representing 21,576 shares.
• Norfolk Southern Corp COM is held with a value of $2,303,098 representing 9,268 shares.
• Mondelez Intl Inc Class A CL A is held with a value of $2,288,338 representing 31,062 shares.
• General Dynamics Corp COM is held with a value of $2,276,170 representing 7,532 shares.
• American Tower REIT Inc COM is held with a value of $2,168,622 representing 9,325 shares.
• Analog Devices Inc COM is held with a value of $2,168,892 representing 9,423 shares.
• Adobe Systems Inc COM is held with a value of $2,024,520 representing 3,910 shares.

Sentiment

Score: 6

Explanation: The document is a standard 13F filing, which is neutral in nature. The sentiment is slightly positive as it provides transparency into the company's holdings.

Positives

• The filing provides a comprehensive overview of Citizens & Northern Corp's investment portfolio.
• The diverse range of holdings across different sectors and asset classes suggests a well-diversified investment strategy.
• The significant allocation to ETFs like Vanguard Russell 1000 Growth ETF and Fidelity MSCI Real Estate Index ETF indicates a focus on broad market exposure and specific sector strategies.

Risks

• The 13F filing only provides a snapshot of holdings as of September 30, 2024, and does not reflect any changes made since then.
• Market fluctuations could impact the value of the reported holdings.
• The filing does not provide insight into the firm's investment rationale or future investment plans.

Industry Context

13F filings are a standard requirement for institutional investment managers with over $100 million in assets under management, providing transparency into their investment holdings. This filing allows investors and the public to understand the investment strategies and portfolio composition of Citizens & Northern Corp.

Comparison to Industry Standards

• Comparing Citizens & Northern Corp's portfolio to other regional banks or investment firms of similar size would provide a better understanding of their investment strategy.
• Analyzing the allocation percentages across different asset classes and sectors against industry benchmarks can reveal whether the firm is taking on more or less risk than its peers.
• For example, comparing the allocation to technology stocks like Apple and Microsoft to the average allocation of other regional banks could be insightful.

Stakeholder Impact

• Shareholders can use this information to assess the investment strategy and performance of Citizens & Northern Corp.
• The holdings in various companies can impact those companies' stock prices and investor sentiment.

Key Dates