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. to the U.S. Securities and Exchange Commission. The report details the company's equity holdings as of the reporting period ending March 31, 2017. As a Form 13F, this document discloses long positions in U.S. equities held by institutional investment managers and does not contain the company's own financial performance metrics (e.g., revenue, profit, or cash flow).
Portfolio Composition and Key Metrics
The filing lists a diversified portfolio of common stocks, exchange-traded funds (ETFs), and preferred securities. Key observations regarding the portfolio include:
- Asset Classes: The portfolio consists primarily of large-cap U.S. equities, international equities (via ADRs), and a significant allocation to fixed-income and sector-specific ETFs (e.g., iShares, Vanguard, SPDR).
- Top Holdings by Value: Based on the reported values (in thousands), significant positions include:
- Alpine Global Premier Pptys: $25,600 (44,835 shares)
- BlackRock Tax Municipal Bd Tr: $1,131 (50,534 shares)
- Clearbridge Energy MLP FD: $1,493 (89,318 shares)
- Exchange Traded Concepts Tr Yld Shs Hgh Inc: $3,208 (168,658 shares)
- Twitter Inc: $1,176 (78,630 shares)
- Voting Authority: The filing distinguishes between "Sole," "Shared," and "None" voting authority. Many positions, particularly ETFs and certain corporate stocks, are listed with "None" or "Shared" voting authority, while others are held with "Sole" discretion.
Material Changes and Comparisons
Not Applicable. This filing is a snapshot of holdings as of March 31, 2017. The provided text does not contain comparative data from the prior quarter (December 31, 2016) or year-over-year changes. Consequently, no material changes in position size or strategy can be derived from this document alone.
Guidance, Outlook, and Risks
Not Applicable. Form 13F filings are regulatory disclosures of holdings and do not include management commentary, forward-looking guidance, risk factors, or contingency plans. The filing text contains a standard disclaimer stating that the SEC has not reviewed the information for accuracy or completeness.
Key Facts for Investor Verification
- Self-Holding: Hilltop Holdings Inc. holds a position in its own stock (HILLTOP HOLDINGS INC COM), reporting 10,065 shares with sole voting authority and 324 shares with shared voting authority.
- Concentration Risk: The portfolio includes significant exposure to financial sector ETFs and specific high-yield instruments (e.g., Exchange Traded Concepts Tr Yld Shs Hgh Inc), which may indicate a focus on income generation.
- International Exposure: The portfolio holds substantial positions in international companies via ADRs, including Mitsubishi UFJ Financial Group (503,200 shares), Alibaba Group, and various European and Asian entities.
- Data Limitation: Investors should note that this document lists holdings in thousands of dollars and shares but does not provide the total net asset value (NAV) of the fund or the company's overall liquidity position.