Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Citizens & Northern Corp to the U.S. Securities and Exchange Commission. The report details the company's holdings in equity securities as of the reporting period ending March 31, 2026. As a Form 13F, this document discloses investment positions rather than the company's own operational financial performance.
Key Financial Metrics and Portfolio Composition
The filing lists specific holdings by issuer, class, CUSIP, share count, and value. The portfolio is diversified across individual equities and Exchange Traded Funds (ETFs).
- Top Individual Equity Holdings (by Value):
- Citizens & Northern Corp: 8,039,126 shares valued at $359,853,000.
- Citizens Financial Services Inc: 7,158,402 shares valued at $117,063,000.
- Nvidia Corp: 14,456,016 shares valued at $82,890,000.
- Apple Computer Inc: 13,606,697 shares valued at $53,614,000.
- Alphabet Inc Class C: 11,516,855 shares valued at $40,148,000.
- Significant ETF Holdings:
- Fidelity MSCI Real Estate Index ETF: 30,137,397 shares valued at $1,119,933,000.
- Vanguard Russell 1000 Growth ETF: 42,191,271 shares valued at $384,641,000.
- iShares Core MSCI Emerging Mkts ETF: 23,209,382 shares valued at $332,751,000.
- iShares North American Natural Resources ETF: 29,567,261 shares valued at $469,769,000.
- Voting Authority: The filer reports Sole voting authority for all listed positions.
Material Changes
The filing text provided contains only the snapshot of holdings as of March 31, 2026. It does not include comparative data from the prior quarter or year. Therefore, material changes versus the prior comparable period cannot be determined from this document alone.
Guidance, Outlook, and Risks
Form 13F filings are statutory disclosure documents regarding investment holdings and do not contain management commentary, forward-looking guidance, or risk factors related to the filer's own business operations. The text includes a standard disclaimer that the SEC has not reviewed the information for accuracy or completeness.
Investor Verification Checklist
- Verify the total aggregate value of the portfolio by summing the "Value" column, noting that the provided text lists individual line items but no total sum.
- Confirm the concentration risk associated with the top holdings, specifically the significant positions in Citizens & Northern Corp and Citizens Financial Services Inc.
- Review the heavy allocation to ETFs, particularly the Fidelity MSCI Real Estate Index ETF and Vanguard Russell 1000 Growth ETF, to understand the passive investment strategy.
- Check subsequent filings (e.g., the next quarter's Form 13F) to analyze turnover and trading activity, as this document is a static snapshot.
- Validate the share counts and values against market prices as of March 31, 2026, to ensure data integrity.