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 June 30, 2020
Context: This filing discloses the equity securities held by Equitable Holdings, Inc. as of the end of the second quarter of 2020. The portfolio consists primarily of exchange-traded funds (ETFs) and individual common stocks across various sectors, with voting authority exercised solely by the investment manager.
Key Financial Metrics and Portfolio Composition
Portfolio Structure: The filing lists hundreds of individual positions. The portfolio is heavily weighted toward passive investment vehicles, specifically ETFs from major issuers including iShares (BlackRock), Vanguard, SPDR (State Street), and Invesco. Individual equity holdings include major technology, healthcare, and financial institutions.
Top Holdings by Share Count (Selected Examples):
- iShares Russell 1000 Growth ETF (IWF): 904,940 shares
- iShares Russell Mid-Cap Value ETF (IWM): 690,575 shares
- iShares Core S&P 500 ETF (IVV): 240,317 shares
- Vanguard Growth ETF (VUG): 505,312 shares
- SPDR Technology Select Sector ETF (XLK): 898,500 shares
- WisdomTree Yield Enhanced US LargeCap Fund (DLS): 393,374 shares
- Apple Inc. (AAPL): 116,519 shares
- Microsoft Corp. (MSFT): 102,758 shares
- Verizon Communications Inc. (VZ): 98,981 shares
Valuation Note: The filing provides the number of shares and the price per share (Column 4) for each position. It does not provide a consolidated total portfolio value, revenue, profit, cash flow, or debt metrics for Equitable Holdings, Inc. itself.
Material Changes Versus Prior Period
Data Limitation: This filing represents a snapshot of holdings as of June 30, 2020. The provided text does not contain the prior quarter's (March 31, 2020) data or a comparative table. Therefore, specific material changes in position size, new acquisitions, or divestitures cannot be calculated from this document alone.
Guidance, Outlook, and Risks
Management Commentary: Form 13F filings are regulatory disclosures of holdings and do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies: The filing includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy. The portfolio composition indicates exposure to broad market risks, including technology sector concentration (via XLK and individual tech stocks) and interest rate sensitivity (via significant holdings in bond ETFs and preferred securities).
Investor Verification Checklist
- Total Portfolio Value: Verify the aggregate market value of the reported positions by multiplying share counts by the reported prices and summing the results, as the total is not explicitly stated.
- Concentration Risk: Assess the percentage of the portfolio allocated to the top 10 ETFs and individual stocks to determine concentration levels.
- Derivatives and Options: Confirm that the "Put/Call" column (Column 6) shows "0" for all positions, indicating no reported short positions or options activity in this specific table.
- Voting Authority: Note that all listed positions show "Sole" voting authority (Column 7), indicating Equitable Holdings, Inc. retains full control over voting rights for these assets.
- Comparison to 10-Q: Cross-reference these holdings with the company's 10-Q filing for the same period to understand how these assets fit into the broader balance sheet and liquidity position.