Cadence Bank Portfolio holdings

Cadence Bank's Q1 2021 Portfolio in Review

As of Q1 2021, Cadence Bank held 227 positions worth $659M, up 3.3% from $638M the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Cadence Bank withdrew a net $37.5M in Q1 2021, closing 31 positions and reducing 56 holdings. Its most notable exit was Sysco, an estimated $5.59M position sold in full.

By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 17% a quarter earlier, followed by Consumer Discretionary and Financials.

Against the trend, Cadence Bank opened a new position in Chord Energy worth $594K.

• Cadence Bank's largest Q1 2021 buy was Chord Energy: 10,000 shares worth $594K.
• Cadence Bank added most to Newmont in Q1 2021, an estimated $2.31M increase.
• Cadence Bank's biggest Q1 2021 reduction was Pfizer, cutting an estimated $5.45M.
• Cadence Bank fully exited Sysco in Q1 2021, selling an estimated $5.59M.
• Cadence Bank's ten largest holdings make up 42% of its $659M portfolio in Q1 2021.
• Cadence Bank opened 16 new positions and closed 31 in Q1 2021.
• Cadence Bank's portfolio value rose 3.3% quarter-over-quarter to $659M.

Based on Cadence Bank's 13F filing for Q1 2021, filed 11 May 2021.