SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Citizens Financial Group Inc.
Filing Type: Form 13F Information Table (Schedule of Holdings)
Reporting Period: The filing text contains a metadata date of "2026 Jun 30," but the data within the table reflects holdings as of the quarter ending December 31, 2023 (indicated by the "2023" label in the first row and standard 13F filing cycles). This document discloses the equity securities held by the investment manager for the reporting period.
Key Financial Metrics and Portfolio Composition
Revenue, Profit, and Cash Flow: Not applicable. This filing is a disclosure of investment holdings, not a financial performance report (10-K or 10-Q). It does not contain revenue, profit, or cash flow data for Citizens Financial Group Inc.
Portfolio Overview: The filing lists a diversified portfolio of equity securities and exchange-traded funds (ETFs). Key metrics include:
- Total Holdings Disclosed: Over 400 individual positions.
- Top Holdings by Value (Selected):
- Apple Inc.: ~$392.5 million (1,356,311 shares)
- Microsoft Corp.: ~$224.0 million (600,539 shares)
- NVIDIA Corp.: ~$331.2 million (1,655,059 shares)
- Amazon.com Inc.: ~$163.6 million (686,590 shares)
- Alphabet Inc. (Class A & C): ~$307.4 million (832,332 shares)
- Significant ETF Exposure: Heavy allocation to broad market and sector ETFs, including Vanguard S&P 500 ETF (~$465.6 million), iShares Core S&P 500 ETF (~$305.0 million), and various bond and international equity ETFs.
- Debt and Liquidity: Not applicable. The filing does not disclose the company's own debt or liquidity positions.
Material Changes vs. Prior Period
The filing text provided is a static snapshot of holdings for the reporting period. It does not contain a comparative table or narrative describing changes (purchases or sales) relative to the prior quarter. Therefore, material changes cannot be determined from this text alone.
Guidance, Outlook, and Risks
Management Commentary: None. Form 13F filings are regulatory disclosures of holdings and do not include management commentary, guidance, or outlook.
Risks and Contingencies: The filing includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy. The portfolio itself exposes the fund to market risks associated with the listed equities, including technology, financials, healthcare, and energy sectors.
Important Facts for Investor Verification
- Date Discrepancy: Verify the actual filing date. The metadata suggests "2026," but the data content (e.g., "2023 ETF SERIES TRUST") strongly indicates a 2023 reporting period. Investors should confirm the correct quarter.
- Investment Discretion: The filing distinguishes between "Sole" and "Shared" voting authority. Most positions are marked "DFND 2" (Discretionary) with "Sole" voting authority, indicating the manager has full control over these assets.
- Concentration Risk: The portfolio has significant concentration in large-cap technology stocks (Apple, Microsoft, NVIDIA, Amazon, Alphabet) and broad market index funds.
- Self-Holding: The manager holds shares of Citizens Financial Group Inc. (CUSIP 174610105), totaling approximately $22 million (314,979 shares), split between sole and shared discretion.