13F-HR: Old National Bancorp's 13F-HR Filing Reveals $4.2 Billion Portfolio for Q4 2024

Old National Bancorp /IN/ disclosed its holdings in a 13F-HR filing for the fourth quarter of 2024, revealing a portfolio valued at over $4.2 billion.

Summary

• Old National Bancorp /IN/ filed Form 13F-HR for the period ending December 31, 2024.
• The filing discloses the firm's holdings in publicly traded securities.
• The total value of the disclosed holdings is approximately $4,220,194,558.
• The filing includes 1,149 entries, representing investments in various companies and funds.
• The report was signed by Laura Goode, Wealth Operations Director SVP, on January 22, 2025.

Sentiment

Score: 7

Explanation: The portfolio is well-diversified and includes many stable, blue-chip companies, indicating a positive outlook. However, the lack of performance data and potential market risks prevent a higher score.

Positives

• The portfolio is diversified across various sectors, reducing sector-specific risk.
• Investments in large-cap companies like Apple, Microsoft, and Alphabet provide stability.
• Holdings in ETFs like iShares Core S&P 500 ETF offer broad market exposure.
• The inclusion of dividend-paying stocks and funds can generate a steady income stream.
• Investments in growth-oriented companies like Nvidia and Tesla offer potential for capital appreciation.

Negatives

• The filing does not provide information on the performance of the investments.
• The portfolio's heavy weighting towards large-cap technology stocks could expose it to volatility in that sector.
• Some holdings, such as Core Scientific Inc New, have experienced significant declines in value.
• The filing does not disclose the investment strategy or rationale behind the holdings.
• Changes in market conditions could adversely impact the value of the portfolio.

Risks

• Market volatility could impact the value of the investments.
• Interest rate changes could affect the value of bond holdings.
• Economic downturns could negatively impact the performance of companies in the portfolio.
• Regulatory changes could affect the profitability of certain sectors.
• Company-specific risks, such as poor management or declining market share, could impact individual holdings.

Future Outlook

The document does not contain any explicit forward-looking statements or guidance.

Industry Context

This 13F-HR filing provides a snapshot of Old National Bancorp's investment portfolio, reflecting broader trends in the asset management industry. The significant allocation to technology stocks and broad market ETFs mirrors common strategies employed by institutional investors seeking growth and diversification.

Comparison to Industry Standards

• Old National Bancorp's portfolio allocation is broadly in line with industry standards for institutional investors.
• For example, Berkshire Hathaway's 13F filing for the same period shows a similar emphasis on large-cap technology stocks, with Apple being its largest holding at over $174 billion.
• Similarly, Vanguard Group's portfolio features significant investments in Microsoft, Apple, and Amazon, reflecting a comparable strategy of investing in market leaders.
• Compared to BlackRock, another major asset manager, Old National Bancorp's portfolio is smaller in scale but exhibits similar diversification across sectors and asset classes.
• The portfolio's focus on ETFs like SPY and IVV is consistent with the strategies of many large asset managers, including State Street Global Advisors, which also holds substantial positions in these funds.

Stakeholder Impact

• Shareholders may benefit from the diversified portfolio and potential for long-term growth.
• Employees of Old National Bancorp are stakeholders in the firm's overall financial health, which is reflected in part by the performance of its investment portfolio.
• Customers of Old National Bancorp's wealth management services are directly impacted by the investment decisions disclosed in the filing.
• Creditors may view the firm's substantial and diversified investment portfolio as a positive indicator of financial stability.
• Suppliers are not directly impacted by this investment portfolio disclosure.

Key Dates

Keywords

13F-HR, Old National Bancorp, Holdings, Portfolio, Investments, Securities, Equities, ETFs, Stocks, Shares, Value, Technology, Healthcare, Finance, Consumer Goods, Dividend, Growth, Market, Risk, Volatility