SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Toronto-Dominion Bank (TD Bank)
Filing Type: Form 13F Information Table (Schedule of Holdings)
Reporting Period: Quarter ended March 31, 2013
Context: This filing discloses the equity securities held by Toronto-Dominion Bank as of the end of the first quarter of 2013. As a Form 13F, this document details investment positions rather than the bank's own operational financial performance (revenue, profit, etc.).
Key Financial Metrics and Portfolio Composition
Revenue, Profit, Cash Flow, Margins, Debt, Liquidity: The filing text does not provide a clear value for these metrics. Form 13F filings report investment holdings, not the issuer's operational financial statements.
Portfolio Overview: The bank holds a diversified portfolio of common stocks, preferred shares, and derivatives (calls/puts) across North America and international markets. Significant holdings include:
- Financials: Royal Bank of Canada (~54.1M shares), Bank of Nova Scotia (~43.9M shares), Bank of Montreal (~24.8M shares), Canadian Imperial Bank of Commerce (~15.4M shares).
- Energy & Resources: Suncor Energy (~17.5M shares), TransCanada Corp (~12.0M shares), Barrick Gold (~11.3M shares), Potash Corp (~9.7M shares).
- Technology & Consumer: Research In Motion (~4.7M shares), Amazon.com (~4.3M shares), EMC Corp (~8.4M shares).
- Derivatives: The portfolio includes significant call and put option positions on major holdings such as Royal Bank of Canada, Suncor Energy, and Barrick Gold.
Material Changes
Comparison to Prior Period: The filing text does not provide a clear value for changes versus the prior comparable period. This document represents a snapshot of holdings at a single point in time without historical comparative data.
Guidance, Outlook, and Risks
Management Commentary: Not applicable. This is a regulatory disclosure of holdings, not an earnings release.
Risks and Contingencies: The filing includes a standard disclaimer stating that the SEC has not reviewed the information for accuracy or completeness. The portfolio exposure to the energy and mining sectors (e.g., Suncor, Barrick Gold, Potash Corp) implies sensitivity to commodity price fluctuations.
Investor Verification Checklist
- Verify the total aggregate value of the reported holdings against the bank's quarterly financial statements to assess asset allocation.
- Confirm the specific voting authority (Sole, Shared, None) for major positions to understand control levels.
- Review the derivative positions (Calls/Puts) on major holdings to determine if they represent hedging strategies or speculative bets.
- Check subsequent filings (13F-HR) to track changes in these positions for the following quarter.