Citizens Business Bank
Long book
$610.3M
Q1 2026
Positions
135
Top-10 weight
42%
concentration
Last quarter
+13.4%
SPY +14.8%
Turnover
9%
of book per quarter
Strategy in plain words
auto-generated from filingsCitizens Business Bank is an institutional manager, running a $610.3M US long book across 135 positions.
The portfolio is moderately concentrated (top 10 ≈ 42% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ISHARES RUSSELL MID-CAP ETF, VANGUARD FTSE DEVELOPED ETF, NVIDIA CORP, BROADCOM INC, APPLE INC.
Over the last 9 quarters its long book ran on average 0.1pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.5%
Q2 2024
+6.3%
Q3 2024
+2.5%
Q4 2024
-4.2%
Q1 2025
+11.5%
Q2 2025
+8.9%
Q3 2025
+2.4%
Q4 2025
-1.0%
Q1 2026
+13.4%
Sector allocation
Technology 36%
Financials 15%
Consumer discretionary 10%
Industrials 10%
Services media 8%
Healthcare 6%
Energy 6%
Utilities 5%
Long book by quarter
What does Citizens Business own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 178.6K | $31.2M | 5.1% | -1.7% |
| AVGO BROADCOM INC | Technology | 63.0K | $19.5M | 3.2% | -2.6% |
| AAPL APPLE INC | Technology | 74.4K | $18.9M | 3.1% | -1.9% |
| PWR QUANTA SERVICES INC | Industrials | 28.0K | $15.4M | 2.5% | -1.0% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 95.5K | $14.0M | 2.3% | -1.5% |
| CVBF CVB FINANCIAL CORP | Financials | 342.9K | $13.3M | 2.2% | Held |
| MSFT MICROSOFT CORP | Technology | 33.4K | $12.4M | 2.0% | -2.3% |
| XPOF XPONENTIAL FITNESS INC-A | Services media | 2.0M | $12.0M | 2.0% | New |
| LNG CHENIERE ENERGY INC | Utilities | 37.3K | $10.6M | 1.7% | -2.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 50.5K | $10.5M | 1.7% | -1.9% |
| GOOGL ALPHABET INC-CL A | Technology | 34.4K | $9.9M | 1.6% | -1.8% |
| FANG DIAMONDBACK ENERGY INC | Energy | 39.8K | $7.9M | 1.3% | -4.0% |
| CVX CHEVRON CORP | Energy | 35.4K | $7.6M | 1.2% | +0.5% |
| JPM JPMORGAN CHASE & CO | Financials | 24.9K | $7.3M | 1.2% | -23.8% |
| WMT WALMART INC | Consumer discretionary | 57.8K | $7.2M | 1.2% | -2.5% |
| BAC BANK OF AMERICA CORP | Financials | 144.1K | $7.0M | 1.2% | -0.8% |
| ABBV ABBVIE INC | Healthcare | 31.8K | $6.9M | 1.1% | -2.0% |
| GS GOLDMAN SACHS GROUP INC | Financials | 8.1K | $6.8M | 1.1% | -29.9% |
| TRV TRAVELERS COS INC/THE | Financials | 22.7K | $6.6M | 1.1% | -1.1% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 69.9K | $6.6M | 1.1% | -1.6% |
| UBER UBER TECHNOLOGIES INC | Services media | 84.4K | $6.1M | 1.0% | -1.3% |
| BWXT BWX TECHNOLOGIES INC | Industrials | 29.0K | $5.9M | 1.0% | -0.9% |
| XOM EXXON MOBIL CORP | Energy | 26.0K | $5.9M | 1.0% | -0.1% |
| MRK MERCK & CO. INC. | Healthcare | 48.2K | $5.8M | 1.0% | -1.7% |
| D DOMINION ENERGY INC | Utilities | 91.3K | $5.6M | 0.9% | -1.8% |
| DELL DELL TECHNOLOGIES -C | Technology | 33.8K | $5.6M | 0.9% | -3.1% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 11.2K | $5.5M | 0.9% | -2.3% |
| NFLX NETFLIX INC | Services media | 55.2K | $5.3M | 0.9% | +1258.9% |
| EXPE EXPEDIA GROUP INC | Industrials | 22.0K | $5.1M | 0.8% | -0.6% |
| HD HOME DEPOT INC | Consumer discretionary | 15.2K | $5.0M | 0.8% | -3.8% |
| UNP UNION PACIFIC CORP | Industrials | 19.9K | $4.8M | 0.8% | -1.7% |
| USB US BANCORP | Financials | 92.2K | $4.8M | 0.8% | -5.3% |
| REGN REGENERON PHARMACEUTICALS | Healthcare | 6.1K | $4.7M | 0.8% | -1.5% |
| CL COLGATE-PALMOLIVE CO | Other | 55.1K | $4.7M | 0.8% | -2.8% |
| MA MASTERCARD INC - A | Services media | 9.3K | $4.7M | 0.8% | -2.2% |
| BROS DUTCH BROS INC-CLASS A | Consumer discretionary | 86.3K | $4.4M | 0.7% | 0.0% |
| PANW PALO ALTO NETWORKS INC | Technology | 27.1K | $4.3M | 0.7% | -1.3% |
| SHW SHERWIN-WILLIAMS CO/THE | Consumer discretionary | 13.3K | $4.3M | 0.7% | New |
| MRVL MARVELL TECHNOLOGY INC | Technology | 40.7K | $4.0M | 0.7% | -6.0% |
| MCD MCDONALD'S CORP | Consumer discretionary | 12.9K | $4.0M | 0.7% | -1.9% |
| ULTA ULTA BEAUTY INC | Consumer discretionary | 7.4K | $3.9M | 0.6% | -1.1% |
| VEEV VEEVA SYSTEMS INC-CLASS A | Technology | 21.7K | $3.8M | 0.6% | +0.4% |
| GOOG ALPHABET INC-CL C | Technology | 13.0K | $3.7M | 0.6% | Held |
| DHR DANAHER CORP | Technology | 19.3K | $3.7M | 0.6% | -1.7% |
| DIS WALT DISNEY CO/THE | Services media | 37.7K | $3.6M | 0.6% | -0.3% |
| PGR PROGRESSIVE CORP | Financials | 18.0K | $3.6M | 0.6% | -2.7% |
| SNOW SNOWFLAKE INC | Technology | 23.6K | $3.6M | 0.6% | -1.4% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 67.5K | $3.4M | 0.6% | -0.4% |
| ORCL ORACLE CORP | Technology | 21.1K | $3.1M | 0.5% | -4.7% |
| VLTO VERALTO CORP | Technology | 34.6K | $3.1M | 0.5% | -1.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 1, 2026 | 229 | $610.3M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 2, 2026 | 226 | $605.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 242 | $599.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 29, 2025 | 189 | $514.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 191 | $461.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 285 | $534.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR/ARESTATEMENT | Nov 19, 2024 | 206 | $495.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 7, 2024 | 200 | $473.0M | SEC ↗ | |
| Q2 2024 | 13F-HR | Aug 5, 2024 | 200 | $472.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 18, 2024 | 211 | $479.8M | canonical | SEC ↗ |
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