13F-HR: Fidelity D & D Bancorp Inc. Discloses Q1 2023 Holdings

Fidelity D & D Bancorp Inc. reports its holdings for the quarter ended March 31, 2023, with a total portfolio value of $133,086,539.

Summary

• Fidelity D & D Bancorp Inc. filed its Form 13F for the quarter ended March 31, 2023.
• The total value of their reported holdings is $133,086,539.
• The filing includes 164 entries detailing the company's holdings.
• The largest holding is in VanEck CEF Muni Income ETF with a value of $20,152,664 and 930,839 shares held solely, plus $628,175 and 29,015 shares held in other accounts.
• The second largest holding is in International Business Machines Corp with a value of $7,635,536 and 39,985 shares held solely, plus $5,729 and 30 shares held in other accounts.
• The third largest holding is in iShares Russell 1000 Value ETF with a value of $7,420,169 and 41,428 shares held solely, plus $75,047 and 419 shares held in other accounts.
• The fourth largest holding is in SPDR Portfolio Developed World ex-US ETF with a value of $9,766,651 and 272,507 shares held solely, plus $234,465 and 6,542 shares held in other accounts.
• The fifth largest holding is in SPDR Portfolio Intermediate Term Corporate Bond ETF with a value of $5,285,810 and 161,695 shares held solely, plus $228,830 and 7,000 shares held in other accounts.
• The firm holds a significant position in its own stock, Fidelity D & D Bancorp Inc., valued at $4,802,513.
• The filing details the number of shares held, the type of investment, and the voting authority for each holding.

Sentiment

Score: 7

Explanation: The document is a standard holdings report, providing factual information about the firm's investments. The sentiment is neutral, reflecting the objective nature of the filing.

Positives

• The filing provides a detailed overview of Fidelity D & D Bancorp Inc.'s investment portfolio.
• The portfolio is well-diversified across various sectors and asset classes.
• The firm has significant holdings in well-established companies and ETFs.

Negatives

• The filing does not provide information on the firm's investment strategy or rationale.
• The filing does not include any performance data for the portfolio.

Risks

• The value of the portfolio is subject to market fluctuations.
• Changes in economic conditions or company performance could negatively impact the value of the holdings.
• The filing does not disclose any specific risks associated with the individual holdings.

Industry Context

Form 13F filings are required for institutional investment managers with at least $100 million in assets under management, providing transparency into their holdings and investment strategies. This filing allows investors to understand Fidelity D & D Bancorp Inc.'s investment positions relative to other financial institutions.

Comparison to Industry Standards

• Comparing Fidelity D & D Bancorp Inc.'s portfolio allocation to that of similar-sized regional banks and investment firms can provide insights into their investment strategy.
• For example, comparing the allocation to ETFs versus individual stocks, or the weighting of different sectors, can reveal differences in risk appetite and investment focus.
• Analyzing the holdings relative to benchmarks like the S&P 500 or other relevant indices can help assess the portfolio's potential performance and risk profile.

Stakeholder Impact

• Shareholders can use this information to understand the investment strategy of Fidelity D & D Bancorp Inc.
• The holdings may impact the performance of the underlying companies and ETFs.
• The filing provides transparency to regulators and the public regarding the firm's investment activities.

Key Dates