SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Bank OZK
Filing Type: Form 13F Information Table (Institutional Investment Manager)
Reporting Period: Second Quarter ended June 30, 2019
Context: This filing discloses the equity securities held by Bank OZK as of the end of the reporting period. It details the number of shares, value, and voting authority for each position.
Key Financial Metrics and Portfolio Composition
Total Portfolio Value: The filing lists individual security values in thousands of dollars. A precise aggregate total is not explicitly stated in the text, but the portfolio is heavily weighted toward large-cap equities and exchange-traded funds (ETFs).
Largest Single Position: Bank OZK Common Stock (Self-Holding)
Top Sector Exposures: Financials, Technology, Healthcare, and Consumer Staples.
Notable Holdings (Value in $000s):
- Bank OZK (Self): 1,862,757 shares valued at approximately $596,757 (Sole: $45,876k; Other: $10,174k).
- AT&T Inc: 182,723 shares valued at approximately $6,123k.
- Applied Materials Inc: 45,723 shares valued at approximately $8,883k.
- Apple Inc: 36,021 shares valued at approximately $22,521k.
- Microsoft Corp: 42,997 shares valued at approximately $17,997k.
- Verizon Communications Inc: 79,061 shares valued at approximately $28,061k.
- US Bancorp Del: 68,349 shares valued at approximately $24,481k.
ETF Holdings: Significant allocations to broad market and sector ETFs, including iShares Core S&P 500 ETF, SPDR S&P 500 ETF, and iShares MSCI EAFE ETF.
Material Changes and Voting Authority
Voting Authority: Bank OZK reports "Sole" voting authority for the majority of its direct equity positions. "Shared" or "None" authority is reported for specific positions, often associated with "Other" investment discretion categories or specific fund structures.
Self-Holding: The bank holds a substantial position in its own common stock (1,862,757 shares), split between Sole and Other discretion categories.
Comparison: As this is a snapshot of holdings at a specific date, the filing text does not provide a direct comparison to the prior quarter's holdings (e.g., net buys/sells) within this specific document.
Guidance, Outlook, and Risks
Management Commentary: Not applicable. Form 13F is a regulatory disclosure of holdings and does not contain management discussion, financial guidance, or forward-looking statements.
Risks and Contingencies: The filing includes a standard disclaimer that the SEC has not reviewed the information for accuracy. No specific operational risks or contingencies are detailed in this form.
Unusual Items: The filing lists standard equity securities and ETFs. No unusual derivatives or distressed assets are explicitly highlighted in the provided text.
Key Facts for Investor Verification
- Self-Holding Size: Verify the total number of shares of Bank OZK stock held by the institution (1,862,757 shares) and the split between sole and shared discretion.
- Concentration Risk: Assess the concentration in the top 10 holdings, which include significant positions in AT&T, Verizon, and major tech firms.
- ETF Exposure: Confirm the specific ETF tickers and values to understand the passive investment portion of the portfolio.
- Valuation Basis: Note that values are reported in thousands and represent the market value at the end of the quarter (June 30, 2019).
- Regulatory Status: Acknowledge that this is a mandatory disclosure and does not imply an endorsement of the securities by the SEC.