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 March 31, 2017
Context: This filing discloses the equity securities held by Regions Financial Corp at the end of the first quarter of 2017. As a Form 13F, it details investment positions rather than the company's own operating financial results (revenue, profit, etc.).
Key Financial Metrics and Portfolio Composition
The filing provides a granular list of equity holdings, categorized by voting authority (Sole, Shared, None). Key portfolio characteristics include:
- Asset Class: Predominantly common stock of U.S. and foreign issuers, with significant allocations to mutual funds and exchange-traded funds (ETFs).
- Top Holdings by Value (Selected):
- General Electric Co: ~$3.5 billion (2.7M shares)
- Verizon Communications: ~$2.2 billion (1.8M shares)
- Pfizer Inc: ~$3.2 billion (2.6M shares)
- Wells Fargo & Co: ~$2.2 billion (1.9M shares)
- Regions Financial Corp (Self-Holding): ~$3.8 billion (3.7M shares)
- Apple Inc: ~$626 million (524K shares)
- Microsoft Corp: ~$1.5 billion (1.2M shares)
- Index Fund Exposure: Significant holdings in iShares and Vanguard mutual funds, indicating a passive investment strategy component.
- Foreign Exposure: Notable positions in foreign entities including Alibaba Group, Royal Dutch Shell, and various European and Asian financial and industrial firms.
Material Changes vs. Prior Period
Data Limitation: This filing represents a snapshot of holdings as of March 31, 2017. It does not contain comparative data from the prior quarter (December 31, 2016) within this specific document. Therefore, material changes in position size or new entries cannot be calculated from this text alone.
Guidance, Outlook, and Risks
Management Commentary: Not applicable. Form 13F is a regulatory disclosure of holdings and does not contain management discussion, financial guidance, or outlook statements.
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 subject to market risk inherent in equity investments across diverse sectors including financials, technology, healthcare, and energy.
Important Facts for Investor Verification
- Self-Holding: Regions Financial Corp holds a significant position in its own stock (approx. 3.76 million shares), which may impact capital structure analysis.
- Concentration Risk: The portfolio shows heavy concentration in large-cap U.S. equities, particularly in the Financials and Healthcare sectors.
- Voting Authority: Most holdings are listed under "Sole" discretion, indicating direct control over voting rights for the majority of the portfolio.
- Passive vs. Active: The substantial allocation to iShares and Vanguard funds suggests a mix of active stock picking and passive index tracking.
- Valuation Basis: Values are reported in thousands (x$1,000) and represent the market value at the end of the reporting period, not the cost basis.