SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Regions Financial Corp
Filing Type: Form 13F Information Table (Schedule of Holdings)
Reporting Period: Quarter ended September 30, 2021
Context: This filing discloses the equity securities held by Regions Financial Corp at the end of the third quarter of 2021. As a Form 13F, this document details investment positions rather than the company's own operating financial results.
Key Financial Metrics and Portfolio Composition
The filing lists specific holdings but does not provide aggregate portfolio totals, revenue, profit, or cash flow metrics for Regions Financial Corp itself. The data reflects the following investment characteristics:
- Asset Classes: The portfolio consists primarily of common stocks (equity), exchange-traded funds (ETFs), and a limited number of preferred securities and notes.
- Valuation: Values are reported in thousands of dollars (Column 4). Individual position values range from approximately $23,000 (e.g., Alexandria Real Estate) to over $1.5 billion (e.g., Apple Inc. sole discretion).
- Voting Authority: Most holdings are reported under "Sole" discretion, with a significant portion also reported under "Discretionary" (DFND) authority, indicating management of funds for others or separate accounts.
- Top Holdings by Value (Sole Discretion):
- Apple Inc: ~$1.58 billion
- Bank of America Corp: ~$2.01 billion
- Microsoft Corp: ~$1.06 billion
- Verizon Communications: ~$1.86 billion
- Regions Financial Corp (Own Stock): ~$2.25 billion
Material Changes and Portfolio Activity
Note: This filing is a snapshot of holdings as of September 30, 2021. It does not contain comparative data for the prior quarter (June 30, 2021) within this specific text, preventing a direct calculation of material changes (buys/sells) versus the prior period based solely on this document.
However, the presence of "Discretionary" (DFND) and "Sole" columns suggests the firm manages assets both for its own account and potentially for client accounts or separate funds.
Guidance, Outlook, and Risks
Guidance and Outlook: Not applicable. Form 13F filings are historical disclosures of holdings and do not contain forward-looking guidance, management commentary, or earnings outlooks.
Risks and Contingencies: The filing includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy or completeness. The portfolio is diversified across sectors including Financials, Technology, Healthcare, Energy, and Consumer Staples, which mitigates sector-specific risk but exposes the portfolio to broad market volatility.
Important Facts for Investor Verification
- Self-Holding: Regions Financial Corp holds a significant position in its own stock (Regions Financial Corp COM), with approximately 2.25 million shares reported under "Sole" discretion valued at roughly $2.25 billion.
- Concentration: The portfolio shows heavy concentration in large-cap U.S. equities and broad market ETFs (e.g., iShares Core S&P 500, Vanguard S&P 500).
- Derivatives: The filing lists "Put/Call" columns, but the provided text shows "NONE" for all listed positions, indicating no reported short positions or options activity in this specific table.
- Data Limitation: Investors should note that this document does not reflect the company's core banking operations, loan portfolio quality, or net interest margin, which are found in 10-Q or 10-K filings.