Trustco Bank Corp N Y 13F annual report
Trustco Bank Corp N Y is an investment fund managing more than $94 billion ran by Thomas Alteio. There are currently 69 companies in Mr. Alteio’s portfolio. The largest investments include Applied Materials and Microsoft, together worth $13 billion.
$94 billion Assets Under Management (AUM)
As of 6th August 2024, Trustco Bank Corp N Y’s top holding is 29,012 shares of Applied Materials currently worth over $6.85 billion and making up 7.3% of the portfolio value.
Relative to the number of outstanding shares of Applied Materials, Trustco Bank Corp N Y owns more than approximately 0.1% of the company.
In addition, the fund holds 13,716 shares of Microsoft worth $6.13 billion, whose value grew 0.1% in the past six months.
The third-largest holding is Apple Inc worth $5.53 billion and the next is Jp Morgan Chase & Co worth $4.63 billion, with 22,867 shares owned.
Currently, Trustco Bank Corp N Y's portfolio is worth at least $94 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Trustco Bank Corp N Y
The Trustco Bank Corp N Y office and employees reside in Albany, New York. According to the last 13-F report filed with the SEC, Thomas Alteio serves as the INVESTMENT OFFICER at Trustco Bank Corp N Y.
Recent trades
In the most recent 13F filing, Trustco Bank Corp N Y revealed that it had opened a new position in
Ge Vernova Inc and bought 6,942 shares worth $1.19 billion.
The investment fund also strengthened its position in Microsoft by buying
175 additional shares.
This makes their stake in Microsoft total 13,716 shares worth $6.13 billion.
Microsoft dropped approximately 0.1% in the past year.
On the other hand, there are companies that Trustco Bank Corp N Y is getting rid of from its portfolio.
Trustco Bank Corp N Y closed its position in Exelon on 13th August 2024.
It sold the previously owned 6,353 shares for $239 million.
Thomas Alteio also disclosed a decreased stake in Applied Materials by approximately 0.1%.
This leaves the value of the investment at $6.85 billion and 29,012 shares.
One of the smallest hedge funds
The two most similar investment funds to Trustco Bank Corp N Y are Fsa Advisors and Spartan Planning & Wealth Management. They manage $94.1 billion and $93.8 billion respectively.
Thomas Alteio investment strategy
Trustco Bank Corp N Y’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Technology — making up 20.0% of
the total portfolio value.
The fund focuses on investments in the United States as
71.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
71% of the total holdings value.
On the other hand, small-cap stocks make up only 2.9% of the portfolio.
The average market cap of the portfolio companies is close to $254 billion.
The complete list of Trustco Bank Corp N Y trades based on 13F SEC filings
These positions were updated on August 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Applied Materials Inc. |
5.32%
29,012
|
$6,846,546,000 | 7.28% |
| Microsoft Corporation |
1.29%
13,716
|
$6,130,369,000 | 6.52% |
| Apple Inc |
0.98%
26,241
|
$5,526,666,000 | 5.88% |
| Jp Morgan Chase & Co |
1.80%
22,867
|
$4,625,080,000 | 4.92% |
| GE Aerospace |
0.29%
28,148
|
$4,474,691,000 | 4.76% |
| Exxon Mobil Corp. |
4.17%
31,949
|
$3,677,970,000 | 3.91% |
| Abbvie Inc Sr Nt |
0.19%
19,405
|
$3,328,345,000 | 3.54% |
| Trustco Bank Corp Ny |
0.00%
112,320
|
$3,231,445,000 | 3.44% |
| Johnson & Johnson |
0.33%
20,816
|
$3,042,467,000 | 3.24% |
| Procter & Gamble Co. |
0.76%
17,334
|
$2,858,723,000 | 3.04% |
| Coca-Cola Co |
0.32%
44,813
|
$2,852,352,000 | 3.03% |
| Pepsico Inc |
2.87%
15,417
|
$2,542,732,000 | 2.70% |
| Chevron Corp. |
5.13%
15,810
|
$2,473,005,000 | 2.63% |
| American Express Co. |
3.19%
9,694
|
$2,244,651,000 | 2.39% |
| Abbott Laboratories |
0.38%
20,644
|
$2,145,125,000 | 2.28% |
| Eli Lilly & Co |
3.71%
1,819
|
$1,646,887,000 | 1.75% |
| Mcdonalds Corp |
0.16%
6,336
|
$1,614,665,000 | 1.72% |
| Walmart Inc |
0.65%
23,178
|
$1,569,386,000 | 1.67% |
| Disney Walt Co |
1.31%
15,013
|
$1,490,646,000 | 1.59% |
| Intel Corp. |
6.84%
42,034
|
$1,301,798,000 | 1.38% |
| Lowes Companies Inc |
3.59%
5,903
|
$1,301,377,000 | 1.38% |
| Oracle Corp. |
8.97%
9,129
|
$1,289,014,000 | 1.37% |
| Texas Instruments Inc. |
0.45%
6,610
|
$1,285,845,000 | 1.37% |
| Merck & Co Inc |
0.38%
10,332
|
$1,279,101,000 | 1.36% |
| RTX Corp |
3.98%
12,532
|
$1,258,092,000 | 1.34% |
| Colgate-Palmolive Co. |
4.73%
12,358
|
$1,199,221,000 | 1.28% |
| Ge Vernova Inc |
Opened
6,942
|
$1,190,630,000 | 1.27% |
| The Southern Co. |
6.53%
13,757
|
$1,067,134,000 | 1.14% |
| International Business Machs |
No change
6,154
|
$1,064,337,000 | 1.13% |
| Cisco Systems, Inc. |
7.16%
20,740
|
$985,360,000 | 1.05% |
| General Mills, Inc. |
4.93%
15,474
|
$978,886,000 | 1.04% |
| Emerson Electric Co. |
1.82%
8,391
|
$924,353,000 | 0.98% |
| Home Depot, Inc. |
43.43%
2,642
|
$909,482,000 | 0.97% |
| Target Corp |
3.35%
5,764
|
$853,302,000 | 0.91% |
| Nike, Inc. |
9.72%
11,043
|
$832,312,000 | 0.89% |
| Automatic Data Processing Inc. |
No change
3,176
|
$758,079,000 | 0.81% |
| Invesco Qqq Tr |
25.24%
1,568
|
$751,244,000 | 0.80% |
| Berkshire Hathaway Inc. |
No change
1,577
|
$641,525,000 | 0.68% |
| Ge Healthcare Technologies Inc |
9.42%
8,208
|
$639,568,000 | 0.68% |
| Masco Corp. |
No change
9,525
|
$635,033,000 | 0.68% |
| Alphabet Inc |
No change
3,445
|
$631,882,000 | 0.67% |
| Verizon Communications Inc |
15.98%
15,217
|
$627,550,000 | 0.67% |
| Pfizer Inc. |
18.77%
19,793
|
$553,809,000 | 0.59% |
| Medtronic Plc |
20.65%
6,918
|
$544,519,000 | 0.58% |
| Philip Morris International Inc |
2.05%
4,784
|
$484,763,000 | 0.52% |
| Lockheed Martin Corp. |
No change
1,032
|
$482,048,000 | 0.51% |
| Norfolk Southern Corp. |
No change
2,134
|
$458,150,000 | 0.49% |
| Ecolab, Inc. |
No change
1,760
|
$418,880,000 | 0.45% |
| Caterpillar Inc. |
No change
1,231
|
$410,046,000 | 0.44% |
| United Parcel Service, Inc. |
15.83%
2,892
|
$395,772,000 | 0.42% |
| 3M Co. |
3.78%
3,823
|
$390,675,000 | 0.42% |
| AT&T Inc. |
22.93%
19,790
|
$378,187,000 | 0.40% |
| Johnson Ctls Intl Plc Shs |
No change
5,536
|
$367,975,000 | 0.39% |
| State Street Corp. |
16.07%
4,806
|
$355,644,000 | 0.38% |
| Ishares Core S&p Mid-cap (mkt) |
0.02%
5,604
|
$327,945,000 | 0.35% |
| Vanguard Emerging Markets Stock |
32.94%
7,312
|
$319,973,000 | 0.34% |
| Bristol-Myers Squibb Co. |
2.62%
7,573
|
$314,509,000 | 0.33% |
| Meta Platforms Inc |
No change
609
|
$307,071,000 | 0.33% |
| CVS Health Corp |
No change
5,090
|
$300,617,000 | 0.32% |
| Allstate Corp (The) |
No change
1,776
|
$283,556,000 | 0.30% |
| DuPont de Nemours Inc |
6.87%
3,498
|
$281,555,000 | 0.30% |
| Jacobs Solutions Inc |
9.55%
1,895
|
$264,750,000 | 0.28% |
| Altria Group Inc. |
1.94%
5,673
|
$258,405,000 | 0.27% |
| iShares 3-7 Year Treasury Bond ETF |
No change
2,140
|
$247,106,000 | 0.26% |
| Exelon Corp. |
Closed
6,353
|
$238,682,000 | |
| Dow Inc |
7.12%
4,477
|
$237,503,000 | 0.25% |
| Vanguard Mid-cap Etf (mkt) |
0.10%
954
|
$230,965,000 | 0.25% |
| Fidelity Msci Consumer |
Opened
2,800
|
$226,828,000 | 0.24% |
| Ishares Msci Eafe (mkt) |
Closed
2,803
|
$223,847,000 | |
| CME Group Inc |
10.29%
1,133
|
$222,748,000 | 0.24% |
| Yum! Brands Inc |
No change
1,669
|
$221,075,000 | 0.24% |
| Comcast Corp |
Closed
4,900
|
$212,416,000 | |
| NVIDIA Corp |
Closed
234
|
$211,433,000 | |
| Mastercard Incorporated |
Closed
418
|
$201,296,000 | |
| No transactions found | |||
| Showing first 500 out of 74 holdings | |||
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