SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Equitable Holdings, Inc.
Filing Type: Form 13F Information Table (Quarterly Report of Holdings)
Reporting Period: As of March 31, 2024
Context: This filing discloses the equity securities held by Equitable Holdings, Inc. at the end of the first quarter of 2024. As a Form 13F, this document details investment positions rather than the company's operational financial performance (revenue, profit, etc.).
Key Financial Metrics and Portfolio Composition
Portfolio Overview: The filing lists a diversified portfolio of common stocks, exchange-traded funds (ETFs), and preferred securities. The data provided includes the title of the class, CUSIP, value (in dollars), and number of shares for each holding.
Top Equity Holdings (by Value):
- Apple Inc.: $96,690,370 (563,858 shares)
- Amazon.com Inc.: $64,996,325 (360,330 shares)
- Alphabet Inc. (Class A): $32,065,380 (212,452 shares)
- Alphabet Inc. (Class C): $19,848,461 (130,359 shares)
- Microsoft Corp.: $72,523,714 (172,380 shares)
- NVIDIA Corp.: $70,489,426 (78,013 shares)
- Berkshire Hathaway Inc. (Class B): $53,649,101 (127,578 shares)
- Meta Platforms Inc.: $28,888,611 (59,493 shares)
Significant ETF Holdings:
- SPDR Portfolio S&P 500 Growth ETF: $205,953,825 (2,815,500 shares)
- SPDR Portfolio S&P 500 Value ETF: $125,718,936 (2,509,360 shares)
- SPDR Portfolio Aggregate Bond ETF: $83,973,082 (3,321,720 shares)
- SPDR S&P 500 ETF Trust: $109,653,256 (209,634 shares)
- Invesco QQQ Trust: $241,717,268 (544,396 shares)
Debt and Liquidity: The filing does not provide data on Equitable Holdings' corporate debt, cash flow, or liquidity. It only lists holdings of debt securities (e.g., bonds, preferred stocks) within the investment portfolio, such as various municipal bond ETFs and corporate notes (e.g., Ford Motor Co. Note).
Material Changes
Comparison to Prior Period: The provided text contains only the snapshot of holdings as of March 31, 2024. It does not include the prior quarter's data (December 31, 2023) or a schedule of purchases and sales. Therefore, material changes in position size or new entries cannot be calculated from this document alone.
Guidance, Outlook, and Risks
Management Commentary: Form 13F filings are statutory disclosures of holdings and do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies: No specific risks or contingencies are disclosed in this filing. The standard SEC disclaimer notes that the Commission has not reviewed the information for accuracy or completeness.
Unusual Items: The portfolio includes significant exposure to thematic ETFs (e.g., Artificial Intelligence, Cybersecurity, Clean Energy) and specific high-conviction positions in technology and financial sectors. There are no unusual items or restatements noted in the text.
Key Facts for Investor Verification
- Concentration Risk: Verify the total portfolio value to assess the concentration in top holdings like Apple, Amazon, and Microsoft, which represent significant portions of the disclosed equity value.
- ETF Exposure: Confirm the extent of passive exposure through large positions in SPDR and Invesco ETFs, which may indicate a shift toward index-based strategies.
- Turnover: Compare this filing with the Q4 2023 13F filing to determine the turnover rate and identify specific sectors where Equitable Holdings increased or decreased exposure.
- Discretionary Authority: Note that the "Investment Discretion" column indicates "Sole" discretion for all listed positions, meaning Equitable Holdings has full control over these trades.
- Valuation Basis: Values are reported to the nearest dollar; verify if any significant price movements occurred immediately after the March 31 reporting date that might impact current valuation.