SEC Filing Summary: Hilltop Holdings Inc. (Form 13F)
Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Hilltop Holdings Inc. for the reporting period ending September 30, 2017. The document discloses the company's holdings in equity securities, including common stocks, exchange-traded funds (ETFs), and other investment vehicles, as required by the Securities and Exchange Commission for institutional investment managers.
Key Financial Metrics and Portfolio Composition
The filing details specific security positions rather than consolidated corporate financial statements (e.g., revenue or net income). Key portfolio metrics include:
- Asset Class: The portfolio is heavily weighted toward equity securities and equity-linked ETFs.
- Top Holdings by Value: Significant positions include Exchange Traded Concepts Tr Yield Shs Hgh Inc ($3,201,000), BlackRock Tax Municipal Bd Tr ($1,344,000), AbbVie Inc ($3,070,000), and Verizon Communications Inc ($2,188,000).
- Self-Holding: Hilltop Holdings Inc. holds its own common stock (CUSIP 432748101) with a reported value of $463,000 (17,825 shares) under sole discretion.
- Investment Authority: Most positions are reported with "Sole" voting authority, though some are listed as "Shared" or "None" depending on the specific account structure.
Material Changes and Portfolio Activity
The filing lists individual security positions but does not provide a comparative table against the prior quarter (June 30, 2017) to explicitly quantify net purchases or sales. However, the presence of multiple entries for the same issuer (e.g., 3M Co, Abbott Labs, Apple Inc) indicates holdings across different accounts or sub-accounts managed by the firm. The filing reflects the aggregate state of the portfolio as of the quarter-end date.
Guidance, Outlook, and Risks
Management Commentary: This filing type does not contain management discussion, financial guidance, or forward-looking statements regarding the company's operational outlook.
Risks and Contingencies: The document includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy or completeness. The portfolio composition suggests exposure to market volatility across various sectors including Technology, Healthcare, Energy, and Financials.
Key Facts for Investor Verification
- Reporting Entity: Hilltop Holdings Inc. is the investment manager reporting these holdings.
- Period End: Data reflects positions as of September 30, 2017.
- Self-Ownership: The firm maintains a direct position in its own stock (17,825 shares).
- Diversification: The portfolio includes significant allocations to passive index funds (e.g., iShares, Vanguard, SPDR) alongside active equity picks.
- Data Limitation: This document does not report Hilltop Holdings' own revenue, profit, or debt levels; it only reports the securities held by the firm.