Virginia National Bank 13F annual report
Virginia National Bank is an investment fund managing more than $21.9 billion ran by Timothy Starsia. There are currently 18 companies in Mr. Starsia’s portfolio. The largest investments include Ishares Tr and Invesco Exch Trd Slf Idx Fd, together worth $11.8 billion.
$21.9 billion Assets Under Management (AUM)
As of 12th October 2023, Virginia National Bank’s top holding is 152,821 shares of Ishares Tr currently worth over $6.78 billion and making up 30.9% of the portfolio value.
In addition, the fund holds 250,245 shares of Invesco Exch Trd Slf Idx Fd worth $5.03 billion.
The third-largest holding is Pacer Fds Tr worth $1.36 billion and the next is Invesco Exchange Traded Fd T worth $1.6 billion, with 84,005 shares owned.
Currently, Virginia National Bank's portfolio is worth at least $21.9 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 Virginia National Bank
The Virginia National Bank office and employees reside in Charlottesville, Virginia. According to the last 13-F report filed with the SEC, Timothy Starsia serves as the TCO at Virginia National Bank.
Recent trades
In the most recent 13F filing, Virginia National Bank revealed that it had opened a new position in
American Centy Etf Tr and bought 2,973 shares worth $232 million.
The investment fund also strengthened its position in Invesco Exchange Traded Fd T by buying
8,097 additional shares.
This makes their stake in Invesco Exchange Traded Fd T total 84,005 shares worth $1.6 billion.
On the other hand, there are companies that Virginia National Bank is getting rid of from its portfolio.
Virginia National Bank closed its position in Victory Portfolios II on 19th October 2023.
It sold the previously owned 9,875 shares for $569 million.
Timothy Starsia also disclosed a decreased stake in Ishares Tr by approximately 0.1%.
This leaves the value of the investment at $6.78 billion and 152,821 shares.
One of the smallest hedge funds
The two most similar investment funds to Virginia National Bank are Cambridge Investment Research Advisors and Chatham Asset Management. They manage $21.9 billion and $22 billion respectively.
Timothy Starsia investment strategy
Virginia National Bank’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Technology — making up 5.3% of
the total portfolio value.
The fund focuses on investments in the United States as
22.2% 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
22% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $1.08 trillion.
The complete list of Virginia National Bank trades based on 13F SEC filings
These positions were updated on October 19th 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 |
|---|---|---|---|
| Ishares Tr |
1.13%
152,821
|
$6,784,458,000 | 30.94% |
| Invesco Exch Trd Slf Idx Fd |
16.83%
250,245
|
$5,028,755,000 | 22.94% |
| Pacer Fds Tr |
2.06%
27,422
|
$1,355,469,000 | 6.18% |
| Invesco Exchange Traded Fd T |
10.67%
84,005
|
$1,600,373,000 | 7.30% |
| Microsoft Corporation |
No change
3,709
|
$1,171,116,000 | 5.34% |
| Vanguard Index Fds |
55.05%
6,075
|
$1,592,405,000 | 7.26% |
| Schwab Strategic Tr |
1.64%
13,015
|
$920,941,000 | 4.20% |
| Select Sector Spdr Tr |
2.14%
7,221
|
$652,706,000 | 2.98% |
| Victory Portfolios II |
Closed
9,875
|
$568,800,000 | |
| Janus Detroit Str Tr |
2.62%
8,590
|
$412,062,000 | 1.88% |
| Vanguard Bd Index Fds |
Closed
5,573
|
$405,101,000 | |
| Global X Fds |
35.81%
14,738
|
$398,515,000 | 1.82% |
| Ishares Tr |
Closed
13,178
|
$1,543,617,000 | |
| Wisdomtree Tr |
0.80%
5,064
|
$311,385,000 | 1.42% |
| Apple Inc |
No change
1,779
|
$304,582,000 | 1.39% |
| Invesco Actvely Mngd Etc Fd |
1.37%
20,290
|
$303,335,000 | 1.38% |
| Vanguard Index Fds |
Closed
1,275
|
$253,584,000 | |
| American Centy Etf Tr |
Opened
2,973
|
$231,745,000 | 1.06% |
| Deere & Co. |
No change
600
|
$226,428,000 | 1.03% |
| Alps Etf Tr |
Opened
5,206
|
$219,693,000 | 1.00% |
| Mastercard Incorporated |
No change
524
|
$207,456,000 | 0.95% |
| Pepsico Inc |
No change
1,200
|
$203,328,000 | 0.93% |
| No transactions found | |||
| Showing first 500 out of 22 holdings | |||
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