Reliance Trust Co 13F annual report

Reliance Trust Co is an investment fund managing more than $27.5 million ran by Cheryl Simmons. There are currently 3 companies in Mrs. Simmons’s portfolio. The largest investments include Townebank Portsmouth Va and Atlantic Un Bankshares Corp, together worth $26.4 million.

$27.5 million Assets Under Management (AUM)

As of 7th October 2020, Reliance Trust Co’s top holding is 818,578 shares of Townebank Portsmouth Va currently worth over $22.8 million and making up 82.7% of the portfolio value. In addition, the fund holds 96,878 shares of Atlantic Un Bankshares Corp worth $3.61 million. The third-largest holding is Community Bankers Trust worth $1.17 million.

Currently, Reliance Trust Co's portfolio is worth at least $27.5 million. 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 Reliance Trust Co

The Reliance Trust Co office and employees reside in Atlanta, Georgia. According to the last 13-F report filed with the SEC, Cheryl Simmons serves as the Business Analyst at Reliance Trust Co.

Recent trades

In the most recent 13F filing, Reliance Trust Co revealed that it had opened a new position in Atlantic Un Bankshares Corp and bought 96,878 shares worth $3.61 million.

The investment fund also strengthened its position in Community Bankers Trust by buying 661 additional shares. This makes their stake in Community Bankers Trust total 136,019 shares worth $1.17 million. Community Bankers Trust dropped 37.3% in the past year.

On the other hand, Cheryl Simmons disclosed a decreased stake in Townebank Portsmouth Va by approximately 0.1%. This leaves the value of the investment at $22.8 million and 818,578 shares.

One of the smallest hedge funds

The two most similar investment funds to Reliance Trust Co are Csu Producer Resources and Dougherty Wealth Advisers. They manage $27.7 million and $27.3 million respectively.

Cheryl Simmons investment strategy

Reliance Trust Co’s portfolio is diversified across 2 sectors. Currently, their heaviest sector is Finance — making up 4.2% of the total portfolio value. The fund focuses on investments in the United States as 33.3% 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 approximately 0.1% 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 $110 million.

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

These positions were updated on October 11th 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
Townebank Portsmouth Va	0.06% 818,578	$22,761,000	82.65%
Atlantic Un Bankshares Corp	Opened 96,878	$3,608,000	13.10%
Community Bankers Trust Corp.	0.49% 136,019	$1,170,000	4.25%
No transactions found
Showing first 500 out of 3 holdings