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: The filing lists holdings as of the period ending December 31, 2025 (as per metadata), though the data reflects a snapshot of equity securities held at the time of filing. This form discloses long-only equity positions held by institutional investment managers.
Key Financial Metrics and Portfolio Composition
Portfolio Overview: The filing details a diversified portfolio consisting of individual common stocks and a significant allocation to Exchange-Traded Funds (ETFs). The portfolio demonstrates exposure to large-cap U.S. equities, international markets, fixed income, and thematic sectors including technology, healthcare, and energy.
- Top Individual Equity Holdings (by Share Count):
- Apple Inc. (AAPL): 811,521 shares
- Alphabet Inc. (GOOG/GOOGL): 590,026 shares (combined Class A and C)
- Amazon.com Inc. (AMZN): 641,585 shares
- Microsoft Corp. (MSFT): 275,394 shares
- NVIDIA Corp. (NVDA): 1,106,230 shares
- Meta Platforms Inc. (META): 114,274 shares
- Tesla Inc. (TSLA): 137,911 shares
- Significant ETF Allocations:
- BlackRock ETF Trust (iShares Core S&P 500 ETF): 498,936 shares
- BlackRock ETF Trust (iShares Expanded Tech Sector ETF): 1,601,700 shares
- BlackRock ETF Trust (iShares Morningstar Growth ETF): 2,324,775 shares
- SPDR Series Trust (SPDR S&P 500 ETF Trust): 289,891 shares
- Vanguard Index Funds (S&P 500 ETF): 239,319 shares
- Fixed Income & Alternatives: The portfolio includes substantial holdings in bond ETFs (e.g., iShares Core U.S. Aggregate Bond ETF, PIMCO ETFs) and commodity-linked ETFs (e.g., SPDR Gold Shares, VanEck Gold Miners ETF).
Material Changes and Observations
Comparison to Prior Period: As this is a single data snapshot provided in the input, a quantitative comparison to the prior quarter's holdings cannot be calculated. However, the portfolio composition indicates a heavy weighting toward:
- Technology Sector: Significant positions in semiconductor (NVIDIA, AMD, TSMC) and software (Microsoft, Oracle, Salesforce) companies.
- Passive Management: A large portion of the portfolio is allocated to broad market index funds and factor-based ETFs (Value, Growth, Momentum) from major providers like BlackRock, Vanguard, and Invesco.
- International Exposure: Holdings include ADRs and ETFs focused on Emerging Markets, Europe, and specific countries like Japan and China.
Guidance, Risks, and Contingencies
Management Commentary: Form 13F filings do not contain management commentary, forward-looking guidance, or risk factors. They are strictly regulatory disclosures of holdings.
Investment Risks Inferred from Holdings:
- Market Concentration: High exposure to the "Magnificent Seven" tech stocks creates concentration risk relative to the broader market.
- Interest Rate Sensitivity: Significant holdings in bond ETFs and REITs expose the portfolio to interest rate fluctuations.
- Volatility: Positions in leveraged ETFs (e.g., Ultra Short Income) and speculative sectors (e.g., AI, Quantum Computing, Crypto-related ETFs) introduce higher volatility.
Key Facts for Investor Verification
- Reporting Entity: Verify that "Equitable Holdings, Inc." is the correct reporting manager for this specific 13F schedule, as the name may refer to the parent company or a specific subsidiary fund.
- Valuation Date: Confirm the exact quarter-end date (Q4 2025) against the filing submission date to ensure the data reflects the most recent portfolio state.
- Discretionary Authority: The filing indicates "Sole" discretionary authority for the majority of positions, meaning the manager has full control over these trades.
- Missing Data: This filing does not disclose short positions, derivatives (other than those embedded in ETFs), or non-equity assets like private equity or real estate held outside of public REITs.
- Top Holdings Verification: Cross-reference the share counts for top holdings (e.g., NVIDIA, Apple) with the company's latest 10-Q or 10-K to assess the percentage of total assets under management represented by these positions.