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 December 31, 2024
Context: This filing discloses the equity securities held by Equitable Holdings, Inc. at the end of the reporting period. It is a regulatory disclosure of investment positions, not a financial performance report of the company's own operations.
Key Financial Metrics and Portfolio Composition
Portfolio Overview: The filing lists hundreds of individual holdings, primarily consisting of Exchange-Traded Funds (ETFs) and common stock of major U.S. and international corporations. The portfolio demonstrates a diversified strategy across equities, fixed income, and commodities.
- Top Equity Holdings (by Share Count):
- Apple Inc. (AAPL): 590,409 shares
- NVIDIA Corp (NVDA): 865,664 shares
- Amazon.com Inc (AMZN): 436,800 shares
- Alphabet Inc (GOOG/GOOGL): 418,883 shares (combined)
- Microsoft Corp (MSFT): 195,491 shares
- Significant ETF Exposure:
- Dimensional ETF Trust (US Core Equity 2): 1,071,510 shares
- SPDR Portfolio S&P 500 Growth ETF: 5,552,330 shares (combined)
- Vanguard S&P 500 ETF: 233,305 shares (combined)
- First Trust Rising Dividend Achievers ETF: 926,838 shares
- Fixed Income & Alternatives: Significant holdings in municipal bond ETFs (e.g., First Trust, iShares), Treasury bond ETFs, and commodity trusts (e.g., SPDR Gold Shares, Grayscale Bitcoin Trust).
Financial Metrics: The filing text does not provide aggregate portfolio value, revenue, profit, cash flow, or debt metrics for Equitable Holdings, Inc. It only lists the quantity of shares and voting authority for each security.
Material Changes
The filing text provided is a static snapshot of holdings as of December 31, 2024. It does not contain comparative data from the prior quarter (September 30, 2024) or year-over-year figures. Therefore, material changes in position size, new acquisitions, or divestitures cannot be determined from this document alone.
Guidance, Outlook, and Risks
Management Commentary: None. Form 13F filings are data-only reports and do not include management discussion, 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 company to market risks associated with equity volatility, interest rate fluctuations (via bond ETFs), and commodity price movements.
Key Facts for Investor Verification
- Concentration Risk: Verify the total market value of the top 10 holdings (e.g., NVIDIA, Apple, Amazon) to assess concentration relative to the total portfolio size.
- ETF Overlap: Many holdings are broad market ETFs (S&P 500, Total Stock Market). Investors should verify if these overlap with direct stock holdings to understand true sector exposure.
- Fixed Income Allocation: The portfolio holds significant positions in municipal and corporate bond ETFs. Verify the duration and credit quality of these fixed-income exposures.
- Alternative Assets: Note the presence of cryptocurrency-related assets (Grayscale Bitcoin Trust, Coinbase Global) and commodity trusts (Gold, Silver, Uranium).
- Voting Authority: The filing indicates "Sole" voting authority for the vast majority of positions, confirming direct control over these investments.