13F-HR: Peapack Gladstone Financial Corp's Q2 2024 13F Filing: Portfolio Holdings and Investment Strategy

Peapack Gladstone Financial Corp's latest 13F filing reveals their holdings as of June 30, 2024, showcasing a diverse portfolio with a total value of over $6.5 billion.

Summary

• Peapack Gladstone Financial Corp filed its Form 13F for the quarter ended June 30, 2024.
• The filing discloses 1,176 holdings with a total value of $6,507,504, rounded to the nearest dollar.
• The firm manages investments across various sectors, including technology, healthcare, consumer goods, and financials.
• Significant holdings include Apple Inc., Microsoft Corp., and Amazon.com Inc.
• The report lists the name of each issuer, the title of the class of security, CUSIP and FIGI numbers, value, number of shares, and voting authority.
• The filing also indicates the type of discretion (sole, shared, or none) and the investment manager for each holding.

Sentiment

Score: 7

Explanation: The document is a factual report of holdings, so the sentiment is neutral. However, the large portfolio size and diversification suggest a stable and well-managed investment strategy, which is moderately positive.

Positives

• The portfolio is well-diversified across various sectors, reducing concentration risk.
• The firm holds significant positions in well-established and leading companies, indicating a focus on quality investments.
• The detailed reporting provides transparency into the firm's investment strategy and holdings.

Industry Context

Institutional investment managers are required to file Form 13F to disclose their equity holdings, providing insights into market trends and investment strategies of major players.

Comparison to Industry Standards

• Comparing Peapack Gladstone's holdings to those of similar-sized financial institutions, such as Northern Trust or State Street, reveals common trends in sector allocation and top holdings.
• For example, like many large investment firms, Peapack Gladstone has significant investments in technology giants like Apple and Microsoft, aligning with industry benchmarks.
• However, the specific allocation percentages and smaller holdings may differ based on the firm's unique investment strategy and client needs.
• Comparing the ETF holdings to those of BlackRock or Vanguard shows similar preferences for broad market ETFs and sector-specific ETFs.

Stakeholder Impact

• Shareholders can gain insights into the investment strategies of Peapack Gladstone Financial Corp.
• The holdings reflect the firm's investment decisions, which can impact the performance of their managed funds.
• The disclosure provides transparency to clients and stakeholders regarding the firm's asset allocation.

Key Dates