13F-HR: TrustCo Bank Corp NY Discloses Q2 2024 13F Holdings

TrustCo Bank Corp NY reports its holdings for the quarter ended June 30, 2024, with a total portfolio value of $94.01 million.

Summary

• TrustCo Bank Corp NY filed its Form 13F for the quarter ended June 30, 2024.
• The total value of their reported holdings is $94,011,950.
• The filing includes 132 entries in the information table.
• The report lists holdings in various common stocks and ETFs, including Apple, Microsoft, and TrustCo Bank Corp NY itself.
• The filing also indicates the number of shares held, their value, and the voting authority (sole, shared, or none).

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing, so the sentiment is neutral. It provides factual information about the company's holdings.

Positives

• The filing provides a detailed overview of TrustCo Bank Corp NY's investment portfolio.
• The report includes a diverse range of holdings across different sectors and asset classes.
• The inclusion of voting authority information offers insights into the firm's influence over its investments.

Future Outlook

The document is a historical snapshot of holdings and does not contain forward-looking statements.

Industry Context

Form 13F filings are required for institutional investment managers with at least $100 million in assets under management, providing transparency into their investment strategies and holdings.

Comparison to Industry Standards

• Comparing TrustCo's portfolio allocation to similar regional banks and wealth management firms would provide insights into their investment strategy.
• For example, comparing their tech stock allocation (Apple, Microsoft) to that of firms like State Street or Northern Trust could reveal differences in risk appetite or growth expectations.
• Analyzing their holdings in dividend-paying stocks (e.g., AT&T, Altria) against benchmarks like the S&P 500 Dividend Aristocrats index could assess their focus on income generation.

Stakeholder Impact

• Shareholders can use this information to understand the investment strategy of TrustCo Bank Corp NY.
• The holdings may influence the stock prices of the companies listed.

Key Dates