SEC Filing Summary: Atlantic Union Bankshares Corp (13F)
Business Context and Reporting Period
Company: Atlantic Union Bankshares Corp (AUB)
Filing Type: Form 13F Information Table (Quarterly Holdings Report)
Reporting Period: The provided metadata indicates a date of June 30, 2026. However, the filing text contains no explicit date confirmation or fiscal period declaration. The data represents a snapshot of equity securities held by the company at the end of the reporting period.
Context: As a bank holding company, Atlantic Union Bankshares reports its investment portfolio, which includes a mix of common stocks, exchange-traded funds (ETFs), and preferred securities. The portfolio reflects a diversified strategy across technology, financials, healthcare, and energy sectors.
Key Financial Metrics and Portfolio Composition
Total Portfolio Value: The filing lists individual security values but does not provide a consolidated total portfolio value in the text. Values are reported in dollars (nearest dollar).
Top Holdings by Value (Selected):
- Microsoft Corp: ~$175.7M (Combined across multiple accounts)
- Apple Inc: ~$155.1M
- Amazon.com Inc: ~$111.9M
- Alphabet Inc (Class A & C): ~$108.5M
- NVIDIA Corp: ~$98.5M
- Meta Platforms Inc: ~$54.0M
- Atlantic Union Bankshares Corp (Own Stock): ~$42.3M
Asset Class Breakdown:
- Equities: Significant holdings in large-cap technology (Microsoft, Apple, NVIDIA, Meta) and financials (JPMorgan Chase, Bank of America).
- ETFs: Extensive holdings in Vanguard, iShares, and Dimensional ETFs covering broad market indices, international equities, and fixed income.
- Fixed Income/Preferreds: Holdings in various preferred securities and bond ETFs (e.g., iShares TIPS, Vanguard Total Bond Market).
Material Changes and Voting Authority
Voting Authority: The filing distinguishes between "Sole," "Shared," and "None" voting authority. A significant portion of the portfolio is held with "Sole" voting authority, indicating direct control over voting decisions for those shares. Some positions, particularly in large-cap stocks and ETFs, show "Shared" or "None" authority, likely due to custody arrangements or specific fund structures.
Portfolio Concentration: The portfolio is heavily weighted toward large-cap U.S. equities. The top 10 holdings represent a substantial portion of the reported value, indicating a concentration in market leaders.
Self-Holding: The company holds approximately 1,022,897 shares of its own stock (Atlantic Union Bankshares Corp) with a reported value of approximately $42.3 million.
Guidance, Outlook, and Risks
Guidance/Outlook: Form 13F filings are historical records of holdings and do not contain forward-looking guidance, earnings projections, or management commentary on future strategy.
Risks and Contingencies:
- Market Risk: The portfolio is exposed to general equity market volatility, particularly in the technology and financial sectors.
- Liquidity Risk: While most holdings are liquid public equities, some smaller positions or specific ETFs may have varying liquidity profiles.
- Regulatory Risk: As a bank holding company, the investment portfolio is subject to regulatory capital requirements and investment restrictions.
Unusual Items: The filing includes holdings in cryptocurrency-related ETFs (e.g., Grayscale Bitcoin Trust, Fidelity Wise Origin Bitcoin Fund) and specific thematic ETFs (e.g., Robotics, AI, Clean Energy), reflecting exposure to emerging asset classes and sectors.
Key Facts for Investor Verification
- Verify Reporting Date: Confirm the exact quarter end date (metadata suggests June 30, 2026, but text lacks explicit confirmation).
- Check Total Portfolio Value: Sum the individual security values to determine the total reported portfolio size, as the filing does not provide a total.
- Assess Concentration: Analyze the percentage of the portfolio held in the top 5-10 positions to understand concentration risk.
- Review Voting Authority: Note the split between "Sole," "Shared," and "None" voting authority to understand the company's direct influence over its investments.
- Monitor Crypto Exposure: Verify the specific holdings and values of cryptocurrency-related ETFs, as this represents a non-traditional asset class for a bank holding company.
- Compare to Prior Period: Compare this filing with the previous quarter's 13F to identify significant buys or sells in key positions.