SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Bank OZK (Reporting Manager)
Filing Type: Form 13F Information Table
Reporting Period: Quarter ended June 30, 2016
Context: This filing discloses the equity securities held by Bank OZK as of the end of the reporting period. It details the issuer, class of security, CUSIP, value, and voting authority for each holding. The filing does not contain operational financial results (revenue, profit, cash flow) for Bank OZK itself, but rather a snapshot of its investment portfolio.
Key Financial Metrics and Portfolio Composition
The filing provides a list of holdings with values reported in thousands of dollars. Key portfolio characteristics include:
- Top Holdings by Value:
- Bank of the Ozarks Inc: $2,558,884 (Combined Sole and Other Discretion)
- AT&T Inc: $140,391
- Applied Materials Inc: $49,839
- General Electric Co: $105,829
- Intel Corp: $55,561
- Significant Concentration: The portfolio is heavily concentrated in the reporting company's own stock (Bank of the Ozarks Inc), which represents the vast majority of the reported value.
- Asset Classes: The portfolio consists primarily of common stocks (SH) and Exchange Traded Funds (ETFs) such as iShares and PowerShares.
- Voting Authority: Most holdings are reported under "Sole" discretion, with some under "Other" (OTR) discretion. Put/Call options are not indicated in the primary columns for most entries.
Material Changes and Portfolio Activity
Note: As this is a static snapshot of holdings at a specific date, the filing text does not explicitly state material changes compared to the prior period (March 31, 2016). However, the presence of "Other" (OTR) discretion holdings alongside "Sole" discretion holdings for the same issuers indicates a mix of managed accounts or different investment vehicles within the reporting entity.
Notable observations regarding the portfolio structure:
- Self-Holding: Bank OZK holds a significant position in its own common stock (Bank of the Ozarks Inc), with over 2.4 million shares reported under Sole discretion and 135,000 shares under Other discretion.
- Diversification: Outside of the self-holding, the portfolio is diversified across sectors including Technology (Apple, Microsoft, Cisco), Healthcare (Pfizer, Merck, Johnson & Johnson), and Financials (JPMorgan, Wells Fargo, Bank of America).
Guidance, Outlook, and Risks
Guidance and Outlook: The filing text does not provide management commentary, future guidance, or outlook statements. Form 13F is a regulatory disclosure of holdings and does not include forward-looking business projections.
Risks and Contingencies: The filing includes a standard disclaimer stating that the SEC has not reviewed the information for accuracy or completeness. No specific contingencies or unusual items are detailed in the text provided.
Important Facts for Investor Verification
- Self-Holding Magnitude: Verify the total value and percentage of the portfolio held in Bank of the Ozarks Inc stock, as it dominates the reported assets.
- Discretion Types: Distinguish between "Sole" and "Other" (OTR) voting authority to understand the structure of the accounts (e.g., proprietary trading vs. client advisory accounts).
- Valuation Basis: Confirm that the "Value" column represents the market value at the end of the quarter (June 30, 2016) and is reported in thousands.
- Missing Data: The filing does not provide Bank OZK's own revenue, net income, or liquidity metrics; these must be sourced from the company's 10-Q or 10-K filings.