SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Regions Financial Corp
Filing Type: Form 13F Information Table (Schedule 13F)
Reporting Period: Quarter ended September 30, 2014
Context: This filing discloses the equity securities held by Regions Financial Corp (acting as an investment manager) at the end of the third quarter of 2014. The data reflects holdings across various accounts, categorized by voting authority (Sole, Shared, None) and investment discretion (Discretionary, Non-Discretionary).
Key Financial Metrics
Note: Form 13F filings report holdings by share count and value (in thousands) but do not disclose the filer's own revenue, profit, cash flow, or debt metrics. The following metrics represent the aggregate portfolio composition reported in this filing.
- Portfolio Composition: The filing lists hundreds of individual equity positions, including common stocks, preferred stocks, convertible securities, and mutual funds/ETFs.
- Top Holdings by Value (Selected Examples):
- General Electric Co: ~3.9 million shares (Sole/Shared)
- Wells Fargo & Co: ~2.1 million shares (Sole/Shared)
- Verizon Communications: ~1.9 million shares (Sole/Shared)
- Microsoft Corp: ~1.7 million shares (Sole/Shared)
- Regions Financial Corp (Own Stock): ~5.1 million shares (Sole/Shared)
- Asset Classes: Predominantly U.S. Common Stock, with significant allocations to Foreign Stocks (e.g., Royal Dutch Shell, HSBC, BHP Billiton) and Mutual Funds/ETFs (e.g., iShares, Vanguard, SPDR).
Material Changes vs. Prior Period
The filing text provided is a static snapshot of holdings as of September 30, 2014. It does not contain comparative data from the prior quarter (June 30, 2014) or year-over-year figures. Therefore, specific material changes in position size or new entries cannot be calculated from this document 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 diversified across sectors including Financials, Technology, Healthcare, Energy, and Consumer Staples, which mitigates single-sector risk but exposes the portfolio to broad market volatility.
Important Facts for Investor Verification
- Own Stock Holdings: Regions Financial Corp holds significant positions in its own common stock (CUSIP 7591EP100), totaling over 5 million shares across various accounts with Sole and Shared voting authority.
- Concentration Risk: The portfolio shows heavy concentration in large-cap U.S. equities (e.g., Apple, Coca-Cola, Johnson & Johnson, Procter & Gamble) and major financial institutions (e.g., JPMorgan Chase, Bank of America, Citigroup).
- Derivatives and Convertibles: The filing includes holdings in convertible notes and preferred stocks (e.g., Altria Group, American Tower, Electronic Arts), indicating exposure to hybrid securities.
- Foreign Exposure: Significant international exposure exists through ADRs and foreign stocks, including major players in Europe (e.g., AstraZeneca, GlaxoSmithKline) and Asia (e.g., Alibaba, Baidu).
- Data Limitation: Values are reported in thousands. Investors should verify the exact dollar amounts by multiplying the reported "Value" column by 1,000.