13F-HR: LCNB Corp. Discloses Q2 2025 Investment Holdings

LCNB Corp. has filed its Form 13F-HR, revealing its investment portfolio valued at over $284 million as of June 30, 2025.

Summary

• LCNB Corp. filed its Form 13F-HR, detailing its institutional investment holdings for the quarter ended June 30, 2025.
• The total market value of the investment portfolio reported is $284,239,789.
• The portfolio consists of 186 distinct securities entries.
• Holdings include a diverse range of common stocks and Exchange Traded Funds (ETFs) across various sectors, such as technology, healthcare, financials, and consumer goods.
• The majority of holdings indicate 'SOLE' investment discretion, meaning LCNB Corp. maintains sole voting and investment power over these securities.

Sentiment

Score: 5

Explanation: A 13F-HR is a mandatory disclosure of investment holdings, providing factual data without inherent positive or negative sentiment regarding the filing entity's operational performance. It reflects investment decisions rather than financial results.

Positives

• Disclosure of a substantial and diversified investment portfolio with a total value of $284,239,789.
• The portfolio includes holdings in well-established, large-cap companies and a variety of ETFs, suggesting a broad and potentially stable investment strategy.
• Clear indication of sole investment discretion for most reported holdings, demonstrating direct control over investment decisions.

Risks

• The filing includes a disclaimer stating that the Securities and Exchange Commission has not necessarily reviewed the information and has not determined if it is accurate and complete, advising readers not to assume accuracy or completeness.

Future Outlook

NA

Management Comments

• Bradley A. Ruppert, Executive Vice President and Chief Investment Officer, signed the report on behalf of LCNB Corp.
• 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.

Industry Context

This 13F filing provides a snapshot of LCNB Corp.'s institutional investment strategy, common among financial institutions that manage significant investment portfolios. It reflects the manager's allocation across various sectors and asset classes, offering insights into their market views and risk appetite relative to broader market trends.

Comparison to Industry Standards

• As a 13F filing, this report details LCNB Corp.'s specific holdings. Direct comparison to industry standards would involve analyzing the portfolio's sector allocation, concentration, and performance against benchmarks like the S&P 500 or peer investment managers' disclosed portfolios.
• The portfolio's composition, including significant allocations to large-cap technology companies (e.g., Apple Inc., Microsoft Corp., Nvidia Corp.), consumer staples (e.g., Coca-Cola Company, PepsiCo Inc.), and financial sector ETFs (e.g., Financial Select Sector SPDR TR), suggests a diversified strategy common among institutional investors.
• While the filing does not provide performance data, the presence of holdings in other financial institutions like Fifth Third Bancorp and PNC Financial Services Group Inc. within LCNB Corp.'s portfolio indicates a broad market approach. A full assessment against comparable regional banks with similar asset management operations would require deeper analysis of their respective 13F filings and overall asset under management strategies.

Stakeholder Impact

• Shareholders: Provides transparency into LCNB Corp.'s investment strategy and the composition of its managed assets, which can inform their assessment of the company's financial management.
• Investment Professionals: Offers insights into the portfolio allocation and investment decisions of a significant institutional investor, potentially influencing their own research and strategies.

Key Dates

Keywords

Investment Holdings, 13F, SEC Filing, Portfolio Disclosure, Institutional Investments, LCNB Corp, Equity Holdings, ETF Holdings, Financial Reporting, Asset Management