First Nebraska Trust Co Portfolio Changes Q2 2023
This article details observable purchase and sale activities within First Nebraska Trust Co's investment portfolio during the second quarter of 2023.
As reported in its latest filing dated June 30, 2023, First Nebraska Trust Co saw changes across several holdings within its portfolio. The total portfolio value stood at $837,578,711 as of this date.
The investor was notably active in initiating new positions and increasing stakes during the quarter:
- Allegion PLC (G0176J109) experienced a significant increase, with shares rising by 100% to an allocation of $1.3 million.
- PFIZER INC (PFE) saw its stake grow by a substantial +6.22%, adding shares worth approximately $557,000 to the portfolio.
- EOG RES INC (EOG) increased its position by +28.03%, adding shares valued at around $706,000.
- CANADIAN PACIFIC KANSAS CITY (CP) was added entirely new in this period, representing a +100% increase and an allocation of $253,000.
- AFLAC INC (AFL) also entered the portfolio completely new in this quarter, adding shares worth $211,000.
Conversely, some positions were reduced or exited:
- SYSCO CORP (SYY) saw a slight decrease in shares (-0.03%), though its allocation remains significant at ~$174 million.
- APPLE INC (AAPL) experienced a modest reduction of -1.38% in its stake, valued at $50.4 million.
- BERKSHIRE HATHAWAY INC (BRK-B) decreased by -0.16%, worth about -$329,000 in stock value.
- MICROSOFT CORP (MSFT) saw a small reduction of -0.4%, valued at -$2.8 million.
- DANAHER CORPORATION (DHR) decreased by -0.18% in shares, worth about -$156,000.
- ALPHABET INC (GOOGL) also saw a small reduction of -0.4% in its stake during the quarter.
The portfolio's sector allocation reflects these changes, with strong weightings in Consumer Defensive (~30.6%), Technology (~21.1), and Unknown (~11.2). The top holdings by value remain heavily concentrated, though some like Hormel Foods Corp (HRL) saw substantial share increases (+9.96%) while others experienced minor reductions.
Overall, the portfolio held 175 distinct positions during this quarter. Notable indicators include a high concentration in large-cap stocks and significant buying activity across several sectors, particularly evident in the new additions like Canadian Pacific Kansas City (CP) and complete restatements for companies such as Allegion PLC (G0176J109) and Pfizer Inc (PFE).