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SEC Filing Summary: Form 13F Information Table

Business Context and Reporting Period

Company: Regions Financial Corp
Filing Type: Form 13F Information Table (Statement of Holdings)
Reporting Period: Second Quarter ended June 30, 2019
Context: This filing discloses the equity securities held by Regions Financial Corp as of the end of the reporting period. It details the number of shares, value, and voting authority for a diversified portfolio of domestic and international equities and exchange-traded funds (ETFs).

Key Financial Metrics and Portfolio Composition

Portfolio Overview: The filing lists hundreds of individual holdings. The portfolio is heavily weighted toward large-cap U.S. equities, financial sector stocks, and broad-market ETFs.
Top Holdings by Share Count (Selected):

• Regions Financial Corp: 3,531,558 shares (Sole: 2,194,657; Discretionary: 1,135,267)
• Microsoft Corp: 1,597,093 shares
• Apple Inc: 605,757 shares
• Alphabet Inc (Class A & C): ~66,000 shares combined
• Amazon.com Inc: 36,839 shares
• BlackRock ETFs: Significant holdings in MSCI EAFE, S&P 500, and Russell 3000 ETFs.

Financial Metrics: The filing provides the number of shares and the value of each position (in thousands) but does not provide aggregate revenue, profit, cash flow, or debt metrics for Regions Financial Corp itself. Those metrics are not applicable to a Form 13F filing.

Material Changes and Voting Authority

Voting Authority: The filing distinguishes between "Sole," "Shared," and "Discretionary" voting authority. A significant portion of the portfolio is held with "Sole" voting authority, while a substantial number of shares (particularly in large positions like Regions Financial Corp, AT&T, and Bank of America) are held with "Discretionary" authority, indicating management by an external advisor or a specific discretionary account.
Changes: As a quarterly snapshot, this filing does not explicitly state the net change in holdings compared to the prior quarter (March 31, 2019) within the text provided. Investors must compare this table against the previous 13F filing to determine material additions or deletions.

Guidance, Outlook, and Risks

Guidance/Outlook: Form 13F filings are historical disclosures of holdings and do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks/Contingencies: The filing includes a standard disclaimer that the SEC has not reviewed the information for accuracy. The primary risk disclosed implicitly is the concentration of assets in specific sectors (e.g., Financials, Technology, Healthcare) and the reliance on external managers for discretionary accounts.

Key Facts for Investor Verification

• Self-Holding: Verify the size of the company's own stake in Regions Financial Corp (over 3.5 million shares) to understand insider confidence or capital management strategies.
• Discretionary vs. Sole: Note the split between "Sole" and "Discretionary" voting authority. A high percentage of discretionary shares suggests significant reliance on third-party asset managers for portfolio decisions.
• ETF Exposure: Confirm the extent of passive exposure through BlackRock and iShares ETFs, which may dilute active stock-picking efforts in the portfolio.
• Valuation Basis: The "Value" column represents the fair market value at the end of the quarter; verify if this aligns with the company's internal valuation methods for financial reporting.