---
title: "HoldCo Asset Management Takes Activist Stake at TrustCo Bank Corp NY with 5.1% Stake"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294111363.md"
description: "HoldCo Asset Management disclosed a 5.1% stake in TrustCo Bank Corp NY, acquiring 872,744 shares for approximately $31 million. Filed via Schedule 13D on July 28, 2026, the activist investor views the bank as undervalued and has initiated discussions with management to enhance shareholder value. HoldCo may propose changes to capitalization, board structure, or strategic moves, while retaining the option to increase its position."
datetime: "2026-07-28T20:36:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294111363.md)
  - [en](https://longbridge.com/en/news/294111363.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294111363.md)
generator: "portal-rs"
---

# HoldCo Asset Management Takes Activist Stake at TrustCo Bank Corp NY with 5.1% Stake

HoldCo Asset Management, LP disclosed a 5.1% stake in TrustCo Bank Corp NY, totaling 872,744 common shares. The firm filed a Schedule 13D on Jul. 28, 2026, after buying shares for about $31.0 million. The move signals active engagement with the company to pursue steps that could raise shareholder value.

**Investor Intent**

HoldCo says it bought the stock because it views TrustCo Bank Corp NY as undervalued and has already begun talks with leadership. The group states it has "engaged, and expect to continue to engage, in discussions with" management and the Board about ways to "enhance shareholder value."

They may push for board and capital changes or strategic moves. The filing notes they could make proposals on "changes to the capitalization, ownership structure, board structure (including board composition), \[and\] potential business combinations or dispositions," and they may buy more shares, sell, or use derivatives.

**Investor's Background**

HoldCo Asset Management, LP is a registered investment adviser and serves as the investment manager of HoldCo Opportunities Fund V, L.P. The firm is led by Managing Members Michael Zaitzeff and Vikaran Ghei, who focus on concentrated positions in undervalued companies and engage directly with boards. HoldCo often pursues catalyst-driven investments where operational, strategic, or governance changes can unlock value.

Original SEC Filing: TRUSTCO BANK CORP N Y \[ TRST \] - SCHEDULE 13D - Jul. 28, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**