Somerset Trust Co 13F annual report

Somerset Trust Co is an investment fund managing more than $244 billion ran by Lisa Bittner. There are currently 145 companies in Mrs. Bittner’s portfolio. The largest investments include Microsoft Corp Com and Apple Inc, together worth $26 billion.

Limited to 30 biggest holdings

$244 billion Assets Under Management (AUM)

As of 2nd July 2024, Somerset Trust Co’s top holding is 31,859 shares of Microsoft Corp Com currently worth over $14.2 billion and making up 5.8% of the portfolio value. In addition, the fund holds 55,679 shares of Apple Inc worth $11.7 billion, whose value grew 23.1% in the past six months. The third-largest holding is Jpmorgan Chase & Co Com worth $7.57 billion and the next is Lowes Cos Inc Com worth $6.45 billion, with 29,241 shares owned.

Currently, Somerset Trust Co's portfolio is worth at least $244 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Somerset Trust Co

The Somerset Trust Co office and employees reside in Somerset, Pennsylvania. According to the last 13-F report filed with the SEC, Lisa Bittner serves as the Vice President & Sr. Trust Officer at Somerset Trust Co.

Recent trades

In the most recent 13F filing, Somerset Trust Co revealed that it had opened a new position in First Comwlth Finl Corp Pa Com and bought 17,928 shares worth $248 million.

The investment fund also strengthened its position in NextEra Inc by buying 699 additional shares. This makes their stake in NextEra Inc total 83,159 shares worth $5.89 billion. NextEra Inc dropped approximately 0.1% in the past year.

On the other hand, there are companies that Somerset Trust Co is getting rid of from its portfolio. Somerset Trust Co closed its position in Vail Resorts on 9th July 2024. It sold the previously owned 1,038 shares for $231 million. Lisa Bittner also disclosed a decreased stake in Microsoft Corp Com by approximately 0.1%. This leaves the value of the investment at $14.2 billion and 31,859 shares.

One of the smaller hedge funds

The two most similar investment funds to Somerset Trust Co are Clarity Wealth Advisors and Netease. They manage $244 billion and $244 billion respectively.


Lisa Bittner investment strategy

Somerset Trust Co’s portfolio is diversified across 12 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 8.7% of the total portfolio value. The fund focuses on investments in the United States as 44.1% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 38% of the total holdings value. On the other hand, small-cap stocks make up only 1.4% of the portfolio. The average market cap of the portfolio companies is close to $122 billion.

The complete list of Somerset Trust Co trades based on 13F SEC filings

These positions were updated on July 9th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Microsoft Corp Com
4.35%
31,859
$14,239,583,000 5.84%
Apple Inc
0.27%
55,679
$11,727,111,000 4.81%
Jpmorgan Chase & Co Com
0.17%
37,403
$7,565,131,000 3.10%
Lowes Cos Inc Com
0.43%
29,241
$6,446,471,000 2.64%
Analog Devices Inc.
0.44%
26,074
$5,951,652,000 2.44%
NextEra Energy Inc
0.85%
83,159
$5,888,488,000 2.41%
AMGEN Inc.
0.48%
18,675
$5,835,004,000 2.39%
Costco Whsl Corp New Com
2.09%
6,361
$5,406,786,000 2.22%
Johnson And Johnson
0.87%
35,785
$5,230,336,000 2.14%
Wal Mart Inc Com
0.22%
75,428
$5,107,230,000 2.09%
Cisco Sys Inc Com
0.49%
106,021
$5,037,057,000 2.07%
Aflac Inc.
0.62%
56,146
$5,014,400,000 2.06%
First Tr Exchange Traded Fd Dj Internt Idx
0.66%
24,396
$4,999,716,000 2.05%
Linde Plc.
0.59%
11,225
$4,925,642,000 2.02%
Automatic Data Processing Incom
0.06%
19,040
$4,544,658,000 1.86%
Illinois Tool Works, Inc.
0.28%
18,937
$4,487,312,000 1.84%
Mcdonalds Corp Com
1.22%
17,275
$4,402,361,000 1.81%
Abbott Labs Com
1.65%
40,856
$4,245,347,000 1.74%
General Dynamics Corp.
0.36%
14,282
$4,143,779,000 1.70%
L3Harris Technologies Inc
0.74%
17,458
$3,920,717,000 1.61%
Accenture plc
0.37%
12,617
$3,828,124,000 1.57%
Paychex Inc.
0.16%
32,186
$3,815,972,000 1.56%
Medtronic Plc Shs
0.21%
47,884
$3,768,949,000 1.55%
Chubb Limited Com
0.27%
14,244
$3,633,360,000 1.49%
Norfolk Southern Corp. Com
1.68%
16,398
$3,520,486,000 1.44%
RTX Corp
1.26%
34,864
$3,499,997,000 1.44%
Becton, Dickinson and Company
1.21%
14,517
$3,392,768,000 1.39%
Factset Research Systems Inc.
0.72%
8,214
$3,353,529,000 1.38%
Blackrock Inc.
1.38%
4,255
$3,350,047,000 1.37%
Procter & Gamble Co Com
0.95%
19,531
$3,221,052,000 1.32%
Unitedhealth Group Inc
1.37%
6,299
$3,207,829,000 1.32%
Pepsico Inc Com
0.88%
19,135
$3,155,936,000 1.29%
Air Products & Chemicals Inc.
0.81%
11,913
$3,074,150,000 1.26%
Home Depot, Inc.
0.40%
8,500
$2,926,040,000 1.20%
Emerson Elec Co Com
0.64%
25,144
$2,769,863,000 1.14%
Phillips 66 Com
0.16%
19,358
$2,732,769,000 1.12%
WEC Energy Group Inc
1.23%
32,740
$2,568,780,000 1.05%
Target Corp Com
0.95%
16,609
$2,458,797,000 1.01%
Colgate Palmolive Co Com
0.59%
24,053
$2,334,103,000 0.96%
Chevrontexaco Corp Com
1.17%
14,403
$2,252,917,000 0.92%
Ross Stores, Inc.
0.42%
15,453
$2,245,630,000 0.92%
Comcast Corp New Cl A
3.78%
56,743
$2,222,056,000 0.91%
Eversource Energy Com
2.05%
33,817
$1,917,762,000 0.79%
Clorox Company Com
1.79%
13,567
$1,851,489,000 0.76%
Capital One Financial Corp.
0.28%
10,915
$1,511,182,000 0.62%
Nike, Inc.
1.50%
19,896
$1,499,562,000 0.61%
Morgan Stanley Dean Witter Discover & Co
1.29%
15,028
$1,460,571,000 0.60%
J P Morgan Exchange-traded Fd
3.25%
25,254
$1,431,397,000 0.59%
Quest Diagnostics, Inc.
0.50%
9,470
$1,296,254,000 0.53%
MetLife, Inc.
0.21%
17,912
$1,257,243,000 0.52%
Ishares Tr
5.67%
22,731
$1,697,169,000 0.70%
Us Bancorp Del Com New
3.36%
27,003
$1,072,019,000 0.44%
Pfizer Inc.
0.88%
38,198
$1,068,780,000 0.44%
Alphabet Inc Cap Stk Cl A
4.58%
5,597
$1,019,494,000 0.42%
AT&T, Inc.
11.25%
53,142
$1,015,543,000 0.42%
American Tower Corp New Com
1.95%
5,081
$987,645,000 0.41%
Citigroup Inc Com New
0.99%
15,385
$976,332,000 0.40%
Ishares Tr U.s. Pfd Stk Etf
0.30%
27,218
$858,728,000 0.35%
Diamondback Energy Inc
3.96%
4,067
$814,173,000 0.33%
Merck & Co Inc
3.38%
6,423
$795,167,000 0.33%
Ishares Core S&p Mid-cap Etf
No change
13,041
$763,159,000 0.31%
Hershey Foods Corp Com
2.16%
4,120
$757,380,000 0.31%
Nvidia Corp Com
598.97%
6,102
$753,841,000 0.31%
Dycom Inds Inc
1.55%
4,448
$750,644,000 0.31%
Cigna Group (The)
1.18%
2,235
$738,824,000 0.30%
Packaging Corp Of America
0.08%
3,942
$719,652,000 0.30%
Taiwan Semiconductor Mfg Co
8.41%
4,136
$718,878,000 0.29%
Tesla Inc
3.91%
3,613
$714,940,000 0.29%
Verizon Communications Inc
6.13%
16,420
$677,161,000 0.28%
Icon Plc Shs
1.56%
2,079
$651,704,000 0.27%
Invesco Exchng Traded Fd Tr S&p Smlcp Info
No change
13,443
$627,788,000 0.26%
Ishares Core S&p 500 Etf
No change
1,143
$625,484,000 0.26%
Berkshire Hathaway Inc Del Cl B New
No change
1,533
$623,624,000 0.26%
Nutrien Ltd
0.18%
12,147
$618,404,000 0.25%
Lilly Eli & Co Com
16.93%
670
$606,605,000 0.25%
Pentair Plc Shs
0.98%
7,490
$574,258,000 0.24%
Delta Air Lines Inc Del Com New
0.15%
12,091
$573,597,000 0.24%
Ishares Core S&p Small-cap Etf
No change
5,277
$562,845,000 0.23%
Gallagher Arthur J & Co Com
No change
2,159
$559,850,000 0.23%
Booz Allen Hamilton Hldg Corcl A
2.12%
3,607
$555,117,000 0.23%
Adobe Sys Inc Com
7.67%
983
$546,096,000 0.22%
Gilead Sciences, Inc.
0.25%
7,948
$545,312,000 0.22%
Micron Technology Inc.
3.99%
4,114
$541,114,000 0.22%
Selective Ins Group Inc
5.47%
5,665
$531,547,000 0.22%
Hubbell Inc.
1.57%
1,440
$526,291,000 0.22%
Spdr Ser Tr
1.52%
20,505
$1,358,517,000 0.56%
American Intl Group Inc Com New
0.79%
6,882
$510,920,000 0.21%
Invesco Exchange Traded Fd Tr
0.02%
6,063
$488,860,000 0.20%
Five Below Inc
6.85%
4,338
$472,712,000 0.19%
Abbvie Inc
37.83%
2,678
$459,331,000 0.19%
Amazon.com Inc.
11.62%
2,160
$417,420,000 0.17%
Brown & Brown, Inc.
0.09%
4,546
$406,458,000 0.17%
Mastercard Incorporated
3.18%
875
$386,015,000 0.16%
Spdr Gold Tr
0.23%
1,763
$379,063,000 0.16%
Applied Matls Inc Com
31.21%
1,589
$374,988,000 0.15%
Mgm Resorts International Com
0.10%
8,384
$372,585,000 0.15%
Guidewire Software Inc
0.11%
2,693
$371,338,000 0.15%
Waste Connections Inc
0.09%
2,117
$371,237,000 0.15%
Starbucks Corp.
9.96%
4,693
$365,350,000 0.15%
Fedex Corp Com
14.35%
1,203
$360,708,000 0.15%
Centene Corp Del Com
No change
5,275
$349,733,000 0.14%
Church & Dwight Co., Inc.
No change
3,356
$347,950,000 0.14%
Chewy Inc
8.22%
12,762
$347,637,000 0.14%
Leidos Hldgs Inc Com
4.73%
2,346
$342,234,000 0.14%
Keysight Technologies Inc
0.12%
2,461
$336,542,000 0.14%
Iron Mtn Inc New
13.57%
3,742
$335,358,000 0.14%
RLI Corp.
0.13%
2,376
$334,279,000 0.14%
Invesco Exchng Traded Fd Tr S&p Smlcp Helt
No change
7,797
$332,152,000 0.14%
Cboe Global Markets Inc.
0.10%
1,905
$323,964,000 0.13%
Aecom Com
7.93%
3,567
$314,395,000 0.13%
Vulcan Materials Co
11.51%
1,250
$310,850,000 0.13%
Disney Walt Co Com Disney
1.92%
3,128
$310,579,000 0.13%
RBC Bearings Inc.
2.55%
1,107
$298,646,000 0.12%
Eastgroup Properties, Inc.
No change
1,749
$297,505,000 0.12%
Thermo Fisher Scientific Inc.
10.04%
537
$296,961,000 0.12%
Chemed Corp.
No change
541
$293,536,000 0.12%
Tyler Technologies, Inc.
No change
571
$287,087,000 0.12%
Lamb Weston Hldgs Inc Com
0.12%
3,397
$285,620,000 0.12%
United Parcel Service Of America Inc
5.85%
2,081
$284,785,000 0.12%
Honeywell International Inc
5.79%
1,333
$284,649,000 0.12%
Infosys Ltd Sponsored Adr
4.21%
15,140
$281,907,000 0.12%
Graco Inc.
No change
3,489
$276,608,000 0.11%
Berkley W R Corp
0.12%
3,468
$272,515,000 0.11%
Stag Indl Inc
0.12%
7,376
$265,979,000 0.11%
Rollins, Inc.
0.09%
5,353
$261,173,000 0.11%
Lam Research Corp Com
11.90%
235
$250,240,000 0.10%
Neogen Corp.
No change
15,877
$248,158,000 0.10%
First Comwlth Finl Corp Pa Com
Opened
17,928
$247,581,000 0.10%
Check Point Software Tech Ltd
No change
1,487
$245,355,000 0.10%
Vishay Intertechnology, Inc.
3.50%
10,930
$243,739,000 0.10%
Deckers Outdoor Corp.
11.26%
247
$239,084,000 0.10%
Post Hldgs Inc Com
0.13%
2,262
$235,610,000 0.10%
Exxon Mobil Corp.
2.72%
2,039
$234,730,000 0.10%
RPM International, Inc.
0.14%
2,166
$233,235,000 0.10%
Manhattan Assocs Inc Com
No change
939
$231,633,000 0.09%
Vail Resorts Inc.
Closed
1,038
$231,298,000
Generac Holdings Inc
2.99%
1,720
$227,418,000 0.09%
Ishares Tr Core Msci Eafe
No change
3,098
$225,039,000 0.09%
Union Pacific Corp.
3.92%
982
$222,187,000 0.09%
Ameriprise Finl Inc Com
Opened
515
$220,003,000 0.09%
Smith A O Com
Closed
2,414
$215,956,000
D.R. Horton Inc.
13.50%
1,530
$215,623,000 0.09%
CVS Health Corp
Closed
2,697
$215,113,000
Everest Group, Ltd
2.82%
546
$208,037,000 0.09%
TG Therapeutics Inc
No change
10,000
$177,900,000 0.07%
Fnb Corp Pa Com
No change
12,561
$171,828,000 0.07%
Vector Group Ltd
Opened
10,410
$110,034,000 0.05%
Acco Brands Corp Com
Opened
12,099
$56,865,000 0.02%
No transactions found
Showing first 500 out of 148 holdings