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, 2026
Context: This filing discloses the equity securities held by Equitable Holdings, Inc. at the end of the first quarter of 2026. The portfolio is heavily weighted toward Exchange-Traded Funds (ETFs) and large-cap technology and financial equities.
Key Financial Metrics and Portfolio Composition
Note: Form 13F filings disclose holdings by value and share count but do not report revenue, profit, cash flow, or debt metrics for the reporting company itself.
- Portfolio Structure: The portfolio is diversified across thousands of individual positions, with a significant allocation to passive index funds and sector-specific ETFs (e.g., BlackRock, Vanguard, Invesco, iShares).
- Top Equity Holdings (by Value):
- NVIDIA Corporation: $261,807,981
- Apple Inc.: $296,635,448
- Amazon.com Inc.: $181,549,289
- Microsoft Corp.: $199,088,946
- Alphabet Inc. (Class C): $120,315,109
- Alphabet Inc. (Class A): $100,367,278
- Top ETF Holdings (by Value):
- BlackRock ETF Trust (iShares Core S&P 500): $101,340,298
- BlackRock ETF Trust (iShares Expanded Tech): $138,291,612
- Invesco QQQ Trust: $413,785,144
- Vanguard Index Funds (S&P 500 ETF): $68,422,071
- SPDR Series Trust (S&P 500 ETF): $203,993,158
- Voting Authority: The majority of holdings are reported with "Sole" voting authority, indicating direct control over voting decisions for those shares.
Material Changes and Observations
Comparison to prior periods is not possible as only the current period data (March 31, 2026) is provided in the source text.
- Technology Concentration: The portfolio shows a massive concentration in the technology sector, particularly in semiconductor and software giants (NVIDIA, Microsoft, Apple, Amazon, Alphabet).
- Passive Management Strategy: A substantial portion of the portfolio's value is held through broad market ETFs (S&P 500, Nasdaq 100) and sector ETFs (Technology, Financials, Healthcare), suggesting a passive or index-tracking strategy for a large segment of assets.
- Fixed Income Exposure: Significant holdings in bond ETFs (e.g., iShares Treasury, Vanguard Total Bond Market) indicate a diversified approach to fixed income.
Guidance, Outlook, and Risks
Guidance and Outlook: Form 13F filings are historical disclosures of holdings and do not contain forward-looking guidance, management commentary, or earnings outlooks.
Risks and Contingencies:
- Market Risk: The heavy weighting in large-cap technology stocks exposes the portfolio to sector-specific volatility.
- Liquidity: While most holdings are highly liquid public equities and ETFs, the sheer size of positions in certain names (e.g., NVIDIA, Apple) could impact market prices upon large-scale liquidation.
- Regulatory Risk: As a financial institution, Equitable Holdings is subject to regulatory capital requirements which may influence portfolio composition.
Important Facts for Investor Verification
- Top 5 Holdings by Value: Verify the exact dollar values for Apple ($296.6M), NVIDIA ($261.8M), Microsoft ($199.1M), Amazon ($181.5M), and Alphabet ($220.7M combined).
- ETF Dominance: Confirm the extent of passive exposure; the filing lists hundreds of ETF positions, indicating a significant portion of the portfolio is not actively managed stock picking.
- Reporting Date: Ensure all data is interpreted as of the close of business on March 31, 2026.
- Discretion: Note that the "Investment Discretion" column lists "DFND" (Defined) for all entries, indicating the manager has full discretion over these accounts.
- Missing Data: This filing does not provide information on Equitable Holdings' own operating revenue, net income, or debt levels.