CITIZENS & NORTHERN CORP
Long book
$401.0M
Q1 2026
Positions
119
Top-10 weight
52%
concentration
Last quarter
+10.5%
SPY +14.8%
Turnover
15%
of book per quarter
Strategy in plain words
auto-generated from filingsCITIZENS & NORTHERN CORP is a wealth-management firm allocating client money, running a $401.0M US long book across 119 positions.
The portfolio is concentrated: the top 10 names carry 52% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD RUSSELL 1000 GROWTH, FIDELITY MSCI RL EST INDX, ISHARES NORTH AMERICAN NATUR, ISHARES CORE MSCI EMERGING, ISHARES CORE S&P MIDCAP ETF.
Over the last 9 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.0%
Q2 2024
+6.3%
Q3 2024
+0.1%
Q4 2024
-3.2%
Q1 2025
+8.6%
Q2 2025
+7.1%
Q3 2025
+1.6%
Q4 2025
-0.7%
Q1 2026
+10.5%
Sector allocation
Technology 38%
Financials 16%
Consumer discretionary 11%
Industrials 10%
Healthcare 7%
Energy 5%
Services media 4%
Other 3%
Long book by quarter
What does CITIZENS & own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 82.9K | $14.5M | 3.6% | +1.2% |
| AAPL APPLE INC | Technology | 53.6K | $13.6M | 3.4% | +0.7% |
| GOOG ALPHABET INC-CL C | Technology | 40.1K | $11.5M | 2.9% | -0.8% |
| MSFT MICROSOFT CORP | Technology | 29.7K | $11.0M | 2.7% | +4.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 39.1K | $8.1M | 2.0% | +3.7% |
| CZNC CITIZENS & NORTHERN CORP | Financials | 359.9K | $8.0M | 2.0% | -0.4% |
| CZFS CITIZENS FINANCIAL SERVICES | Financials | 117.1K | $7.2M | 1.8% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 20.2K | $5.9M | 1.5% | +0.5% |
| META META PLATFORMS INC-CLASS A | Technology | 10.0K | $5.7M | 1.4% | +13.7% |
| XOM EXXON MOBIL CORP | Energy | 26.1K | $4.4M | 1.1% | -0.9% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 4.3K | $4.3M | 1.1% | -1.6% |
| MA MASTERCARD INC - A | Services media | 8.2K | $4.1M | 1.0% | +4.0% |
| CAT CATERPILLAR INC | Industrials | 4.5K | $3.2M | 0.8% | +6.5% |
| ADI ANALOG DEVICES INC | Technology | 9.8K | $3.1M | 0.8% | +5.7% |
| AMD ADVANCED MICRO DEVICES | Technology | 15.3K | $3.1M | 0.8% | -3.6% |
| TJX TJX COMPANIES INC | Consumer discretionary | 17.0K | $2.7M | 0.7% | +0.6% |
| PG PROCTER & GAMBLE CO/THE | Other | 18.7K | $2.7M | 0.7% | +0.8% |
| GLW CORNING INC | Industrials | 19.7K | $2.7M | 0.7% | -9.6% |
| RTX RTX CORP | Industrials | 13.8K | $2.7M | 0.7% | 0.0% |
| CSCO CISCO SYSTEMS INC | Technology | 32.7K | $2.5M | 0.6% | -0.2% |
| COR CENCORA INC | Consumer discretionary | 7.1K | $2.2M | 0.6% | +0.1% |
| AVGO BROADCOM INC | Technology | 6.9K | $2.1M | 0.5% | +2.5% |
| ETN EATON CORP PLC | Industrials | 5.9K | $2.1M | 0.5% | +31.7% |
| ORCL ORACLE CORP | Technology | 14.4K | $2.1M | 0.5% | -0.9% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 21.4K | $2.0M | 0.5% | +0.5% |
| JNJ JOHNSON & JOHNSON | Healthcare | 8.1K | $2.0M | 0.5% | -1.7% |
| CVS CVS HEALTH CORP | Healthcare | 27.3K | $2.0M | 0.5% | +1.7% |
| MDT MEDTRONIC PLC | Healthcare | 22.6K | $2.0M | 0.5% | New |
| HD HOME DEPOT INC | Consumer discretionary | 5.8K | $1.9M | 0.5% | +3.2% |
| C CITIGROUP INC | Financials | 16.6K | $1.9M | 0.5% | +19.4% |
| BA BOEING CO/THE | Industrials | 9.3K | $1.8M | 0.5% | +3.0% |
| GD GENERAL DYNAMICS CORP | Industrials | 5.3K | $1.8M | 0.5% | -2.5% |
| SLB SLB LTD | Energy | 35.0K | $1.8M | 0.4% | +0.5% |
| EMR EMERSON ELECTRIC CO | Industrials | 13.7K | $1.8M | 0.4% | +37.3% |
| KO COCA-COLA CO/THE | Consumer staples | 23.3K | $1.8M | 0.4% | -0.2% |
| BX BLACKSTONE INC | Financials | 15.4K | $1.8M | 0.4% | +0.6% |
| CRM SALESFORCE INC | Technology | 8.9K | $1.7M | 0.4% | +5.7% |
| NEE NEXTERA ENERGY INC | Utilities | 17.2K | $1.6M | 0.4% | -0.6% |
| CVX CHEVRON CORP | Energy | 7.6K | $1.6M | 0.4% | -2.1% |
| FCX FREEPORT-MCMORAN INC | Materials | 25.8K | $1.5M | 0.4% | +43.1% |
| KKR KKR & CO INC | Financials | 16.4K | $1.5M | 0.4% | +15.5% |
| KLAC KLA CORP | Other | 952 | $1.4M | 0.3% | New |
| MDLZ MONDELEZ INTERNATIONAL INC-A | Consumer staples | 24.0K | $1.4M | 0.3% | -0.8% |
| TPR TAPESTRY INC | Other | 9.8K | $1.4M | 0.3% | +16.8% |
| PFE PFIZER INC | Healthcare | 48.5K | $1.4M | 0.3% | +1.1% |
| OVV OVINTIV INC | Energy | 22.6K | $1.3M | 0.3% | New |
| BIIB BIOGEN INC | Healthcare | 7.1K | $1.3M | 0.3% | +3.3% |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 8.2K | $1.3M | 0.3% | -1.7% |
| PYPL PAYPAL HOLDINGS INC | Services media | 27.9K | $1.3M | 0.3% | +2.1% |
| DIS WALT DISNEY CO/THE | Services media | 12.9K | $1.2M | 0.3% | +0.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 27, 2026 | 119 | $401.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 28, 2026 | 124 | $403.6M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 24, 2025 | 121 | $403.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 30, 2025 | 118 | $373.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 21, 2025 | 118 | $354.7M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 31, 2025 | 126 | $365.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 4, 2024 | 126 | $333.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 30, 2024 | 118 | $319.7M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 109 | $295.7M | canonical | SEC ↗ |