SEC Filing Summary: Peapack Gladstone Financial Corp
Business Context and Reporting Period
Company: Peapack Gladstone Financial Corp (PGF)
Filing Type: Form 13F Information Table
Reporting Period: The filing lists a period date of March 31, 2026. Note: This date appears to be a future date relative to current market timelines; investors should verify if this represents a data entry error in the source text or a specific forward-looking filing context.
Business Overview: Peapack Gladstone Financial Corp is a registered investment adviser. This filing discloses the equity securities held by the firm as of the reporting date, categorized by voting authority (Sole, Discretionary, or Other).
Key Financial Metrics and Portfolio Composition
The filing provides a detailed list of holdings but does not aggregate total portfolio value, revenue, or profit metrics. Key portfolio characteristics include:
- Asset Class: Primarily U.S. and international equity securities, including common stock, ADRs, and Exchange Traded Funds (ETFs).
- Top Holdings by Share Count:
- Apple Inc. (AAPL): 1,339,686 shares (Sole: 586,262; Discretionary: 712,889; Other: 40,535).
- Alphabet Inc. (GOOG/GOOGL): 1,251,508 shares across Class A and Class C.
- Amazon.com Inc. (AMZN): 565,506 shares.
- Microsoft Corp (MSFT): 493,183 shares.
- Nvidia Corp (NVDA): 344,869 shares.
- Significant ETF Exposure: The portfolio holds substantial positions in broad market and sector ETFs, including Vanguard Total Stock Market, iShares Core S&P 500, and various sector-specific funds (Technology, Healthcare, Financials).
- Self-Holding: The firm holds 494,255 shares of its own common stock (Peapack-Gladstone Finl Corp).
Material Changes and Voting Authority
Voting Authority Breakdown: The filing distinguishes between three types of voting authority for each holding:
- Sole: The manager has sole authority to vote the shares.
- Discretionary (DFND): The manager has discretionary authority to vote the shares.
- Other (OTR): The manager has no voting authority (typically held for clients who vote directly).
Material Changes: As this is a snapshot of holdings at a specific point in time, the filing does not explicitly state material changes compared to the prior quarter. However, the presence of "Other" voting authority shares indicates a significant portion of the portfolio is managed on a non-discretionary basis regarding voting rights.
Guidance, Risks, and Contingencies
Management Commentary: None provided in this filing. Form 13F is a quantitative disclosure of holdings and does not contain qualitative management commentary, guidance, or outlook.
Risks and Contingencies:
- Concentration Risk: Significant exposure to large-cap technology stocks (Apple, Microsoft, Alphabet, Nvidia, Amazon).
- Market Risk: Heavy allocation to broad market ETFs exposes the portfolio to general equity market volatility.
- Regulatory Disclaimer: The SEC has not reviewed the information for accuracy or completeness.
Investor Verification Checklist
- Verify Reporting Date: Confirm the accuracy of the "2026 Mar 31" date, as it appears to be in the future relative to standard reporting cycles.
- Calculate Total AUM: Multiply the share counts by current market prices to estimate the firm's Assets Under Management (AUM), as the filing only lists share counts and approximate values per line item.
- Assess Turnover: Compare this list with the previous quarter's 13F filing to determine portfolio turnover and trading activity.
- Check for Derivatives: Note that Form 13F generally excludes derivatives (puts/calls) unless they are reportable; verify if the firm has significant off-balance-sheet derivative exposure not captured here.
- Review Voting Records: For shares listed under "Sole" or "Discretionary" authority, review the firm's proxy voting record to understand their governance stance.