SEC Filing Summary: Form 13F-HR
Business Context and Reporting Period
Reporting Manager: Regions Financial Corporation
Filing Type: Form 13F-HR (Holdings Report)
Report Period: Quarter Ended September 30, 2006
Filing Date: November 3, 2006
Amendment Status: This is Amendment Number 1, filed as a restatement of the original report.
Scope: The report includes holdings managed by Regions Financial Corporation and one other included manager (Morgan Asset Management).
Key Financial Metrics
Note: As a Form 13F filing, this document reports equity holdings and voting authority. It does not contain the reporting manager's internal financial statements (revenue, profit, cash flow, or debt).
- Total Portfolio Value: $2,416,132,000 (Reported in thousands)
- Total Number of Holdings: 1,111 entries
- Number of Included Managers: 2 (Regions Financial Corporation and Morgan Asset Management)
- Investment Authority: Holdings are categorized as "Defined" (Discretionary) or "Other" (Non-Discretionary/Shared).
Material Changes and Portfolio Composition
This filing is a restatement (Amendment 1). The document does not provide a comparative table against the prior quarter to explicitly quantify material changes in holdings volume or value. However, the portfolio composition reveals significant concentration in specific sectors and issuers:
- Top Holdings by Value: The portfolio is heavily weighted toward large-cap equities. Notable positions include:
- Exxon Mobil Corp: ~$105.5 million (Defined) + ~$29.8 million (Other)
- General Electric Co: ~$65.4 million (Defined) + ~$24.6 million (Other)
- Regions Financial Corp (Self-Holding): ~$132.1 million (Defined) + ~$74.0 million (Other)
- Johnson & Johnson: ~$36.3 million (Defined) + ~$10.0 million (Other)
- Procter & Gamble Co: ~$34.7 million (Defined) + ~$11.6 million (Other)
- Sector Exposure: Significant exposure to Energy (Exxon, ConocoPhillips, Chevron), Financials (Bank of America, Citigroup, Wells Fargo), Healthcare (Pfizer, Merck, Medtronic), and Technology (Microsoft, Intel, Cisco).
Guidance, Outlook, and Risks
Management Commentary: Form 13F filings are statutory disclosures of holdings and do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies: No specific risk factors or contingencies are disclosed in this document. The filing represents a snapshot of equity ownership at the end of the reporting period.
Key Facts for Investor Verification
- Restatement Nature: Verify the specific changes made in this Amendment 1 compared to the original filing, as the text provided does not explicitly list the line-item differences.
- Self-Holding: Regions Financial Corporation holds a substantial position in its own stock (over $206 million combined value), which may impact insider ownership calculations.
- Managerial Scope: The reported value ($2.4 billion) includes assets managed by Morgan Asset Management (File No. 28-04225) in addition to Regions Financial Corporation.
- Voting Authority: A significant portion of holdings are held with "Shared" voting authority, indicating potential co-management or client-directed voting rights.
- Missing Data: This filing does not provide data on derivatives, short positions, or non-equity assets (bonds, cash), which are not required in Form 13F.