SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Equitable Holdings, Inc.
Filing Type: Form 13F Information Table (Schedule of Holdings)
Reporting Period: Quarter ended December 31, 2022
Context: This filing discloses the equity securities held by Equitable Holdings, Inc. as a registered investment manager. The document lists individual holdings, share counts, and voting authority but does not contain the company's own financial performance metrics (revenue, profit, etc.).
Key Financial Metrics and Portfolio Composition
Portfolio Overview: The filing details a diversified portfolio consisting of common stocks, exchange-traded funds (ETFs), and preferred securities. The portfolio is heavily weighted toward large-cap U.S. equities, broad market index funds, and fixed-income ETFs.
- Top Equity Holdings (by Share Count):
- Apple Inc.: 61,401,150 shares
- Alphabet Inc. (Class A & C): 23,935,109 shares combined
- Amazon.com Inc.: 20,542,620 shares
- Berkshire Hathaway Inc. (Class B): 26,797,384 shares
- Microsoft Corp.: 30,307,253 shares
- Significant ETF Exposure:
- Dimensional ETF Trust: Multiple holdings including US Core Equity 2 (20,342,561 shares) and US Equity ETF (15,247,610 shares).
- First Trust Exchange-Traded Fund: Significant positions in Rising Dividend Achievers (31,058,643 shares) and Value Line Dividend Index (19,671,080 shares).
- SPDR Series Trust: Large positions in S&P 500 Growth (109,051,974 shares) and S&P 500 Value (38,886,111 shares).
- Vanguard Index Funds: Heavy allocation to Growth ETF (163,095,640 shares) and Value ETF (70,002,659 shares).
- Fixed Income & Alternatives:
- Substantial holdings in Treasury ETFs (e.g., SPDR Bloomberg 1-3 Month T-Bill: 73,281,739 shares).
- Exposure to commodities via Invesco DB Multi-Sector Commodity funds (Gold, Silver, Energy).
Financial Metrics Note: As a Form 13F, this document does not report Equitable Holdings' revenue, net income, operating cash flow, debt levels, or liquidity ratios. It only reports the market value of the reported securities (Column 5 in the source data, though specific dollar totals are not aggregated in the text provided).
Material Changes vs. Prior Period
Comparison Data Unavailable: The provided text contains only the snapshot of holdings as of December 31, 2022. It does not include the prior quarter's data (September 30, 2022) required to calculate material changes, net purchases, or net sales for the period.
Guidance, Outlook, and Risks
Management Commentary: None. Form 13F filings are statutory disclosures of holdings and do not contain management discussion, financial guidance, or forward-looking statements.
Risks and Contingencies: The filing includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy. The portfolio composition suggests exposure to market volatility, interest rate risk (via bond ETFs), and sector-specific risks (Technology, Financials, Energy).
Key Facts for Investor Verification
- Concentration Risk: Verify the percentage of the total portfolio represented by the top 10 holdings, particularly the massive positions in Apple, Microsoft, and broad market ETFs.
- Passive vs. Active: Confirm the proportion of the portfolio held in passive index funds (Vanguard, SPDR, Dimensional) versus active single-stock picks to understand the investment strategy.
- Fixed Income Allocation: Assess the exposure to interest rate risk given the significant holdings in short-term and intermediate-term Treasury and corporate bond ETFs.
- Valuation: Cross-reference the share counts with Q4 2022 closing prices to estimate the total market value of the reported portfolio, as the filing lists share counts but does not provide a total portfolio value summary.
- Self-Holding: Note the holding of 17,399 shares of Equitable Holdings, Inc. common stock, indicating a small internal position.