SEC Filing Summary: Form 13F-HR
Business Context and Reporting Period
Reporting Manager: Regions Bank (Institutional Investment Manager)
Filing Type: Form 13F Holdings Report
Reporting Period: Quarter ended September 30, 2011
Submission Date: November 12, 2011
Signatory: James E. Meigs, Executive Vice President
This filing discloses the equity securities held by Regions Bank as of the end of the third quarter of 2011. The report includes holdings managed directly by Regions Bank and one other included manager (also Regions Bank, File No. 085-00829).
Key Financial Metrics
Total Portfolio Value: $5,909,921 (in thousands, approx. $5.91 billion)
Total Number of Holdings: 1,840 entries
Top Holdings by Value (Selected):
- Exxon Mobil Corp: $173,542,000 (Defined) + $55,281,000 (Discretionary/Other)
- Johnson & Johnson: $80,686,000 (Defined) + $22,362,000 (Discretionary/Other)
- Procter & Gamble Co: $71,395,000 (Defined) + $20,416,000 (Discretionary/Other)
- Verizon Communications: $68,179,000 (Defined) + $18,206,000 (Discretionary/Other)
- Microsoft Corp: $60,668,000 (Defined) + $13,179,000 (Discretionary/Other)
- Regions Financial Corp (Self-Holding): $17,431,000 (Defined) + $12,001,000 (Discretionary/Other)
Note: Values are reported in thousands of dollars. The portfolio is heavily weighted toward large-cap U.S. equities in energy, healthcare, consumer staples, and technology sectors.
Material Changes vs. Prior Period
Data Limitation: This filing is a snapshot of holdings as of September 30, 2011. The provided text does not contain the prior quarter's (June 30, 2011) data or a comparative table. Therefore, specific material changes in position size or new entries versus the prior period cannot be calculated from this document alone.
Guidance, Outlook, and Risks
Management Commentary: Form 13F filings are statutory disclosures of holdings and do not contain management commentary, earnings guidance, or forward-looking outlooks regarding the portfolio's performance or strategy.
Risks and Contingencies: The filing does not disclose specific risk factors or contingencies. However, the portfolio composition indicates exposure to:
- Market Risk: Significant concentration in large-cap equities.
- Sector Concentration: Heavy weighting in Energy (Exxon, Chevron, ConocoPhillips) and Healthcare (Pfizer, Merck, J&J).
- Self-Interest: The manager holds a significant position in its own parent company, Regions Financial Corp.
Investor Verification Checklist
- Portfolio Concentration: Verify the top 10 holdings to assess concentration risk relative to the total $5.91 billion portfolio.
- Self-Holding: Confirm the size of the position in Regions Financial Corp ($29.4 million total value) to understand potential conflicts of interest or internal capital allocation.
- Discretionary Authority: Note the split between "Defined" (Sole Discretion) and "Def/Oth" (Shared/Other Discretion) voting authority, which may indicate different fund structures or client mandates.
- Derivatives: The filing lists only common stock, preferred stock, and partnership units; verify if other derivative instruments are held outside this report.