HoldCo Asset Management Boosts Stake in TrustCo Bank

Investment firm increases holdings in regional bank by over 170%

Mar. 16, 2026 at 11:06am

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HoldCo Asset Management LP has significantly increased its stake in TrustCo Bank Corp NY, acquiring an additional 549,729 shares in the third quarter. The investment firm now owns 872,744 shares of the regional bank, making up about 4.74% of its portfolio.

Why it matters

The substantial increase in HoldCo's position in TrustCo Bank suggests the investment firm sees significant potential in the regional bank's growth and performance. This could signal positive market sentiment around TrustCo Bank's future prospects.

The details

According to a recent SEC filing, HoldCo Asset Management raised its holdings in TrustCo Bank Corp NY by 170.2% in the third quarter. The firm now owns 872,744 shares of the bank's stock, up from 323,015 shares held previously. TrustCo Bank makes up about 3.3% of HoldCo's overall portfolio, making it the firm's 10th largest holding.

  • HoldCo Asset Management increased its TrustCo Bank holdings in the 3rd quarter of 2026.

The players

HoldCo Asset Management LP

An investment management firm that has significantly increased its stake in TrustCo Bank Corp NY.

TrustCo Bank Corp NY

A regional bank headquartered in Glens Falls, New York that provides community banking and financial services primarily across upstate New York and western Massachusetts.

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The takeaway

HoldCo Asset Management's substantial increase in its TrustCo Bank holdings suggests the investment firm sees strong growth potential in the regional bank, which could signal positive market sentiment around the company's future performance.