SEC Filing Summary: Westwood Holdings Group Inc.
Business Context and Reporting Period
Filing Type: Form 13F Information Table
Company: Westwood Holdings Group Inc.
Reporting Period: Quarter ended September 30, 2022
Context: This filing discloses the equity and debt securities held by Westwood Holdings Group Inc. as a registered investment manager. It details the issuer, class of security, CUSIP, value, and voting authority for each position.
Key Financial Metrics and Portfolio Composition
Portfolio Overview: The filing lists a diversified portfolio of common stocks, preferred stocks, corporate bonds, and exchange-traded funds (ETFs). Specific aggregate portfolio value, revenue, profit, or cash flow for Westwood Holdings Group Inc. is not provided in this document, as Form 13F reports holdings rather than the manager's financial performance.
Top Holdings by Value (Selected):
- Microsoft Corp: $160,146,000 (687,615 shares)
- JPMorgan Chase & Co: $121,067,000 (1,158,539 shares)
- Johnson & Johnson: $134,178,000 (821,367 shares)
- Home Depot Inc: $115,805,000 (419,673 shares)
- Bank of America Corp: $147,117,000 (4,871,422 shares)
- AT&T Inc: $107,953,000 (7,037,291 shares)
- UnitedHealth Group Inc: $86,255,000 (170,789 shares)
- Union Pacific Corp: $110,164,000 (565,467 shares)
Debt Holdings: The portfolio includes significant corporate bond positions, such as Exact Sciences Corp ($13,130,000), Akamai Technologies Inc ($17,142,000), and Airbnb Inc ($3,500,000).
Material Changes and Voting Authority
Voting Authority: Westwood Holdings Group Inc. exercises "Sole" voting authority for the majority of its equity positions. "Shared" voting authority is noted for select positions (e.g., 23andMe Holding Co, Abbott Labs, Activision Blizzard). "None" is listed for certain debt instruments and specific equity holdings.
Comparison to Prior Period: This filing does not contain comparative data against the prior quarter (June 30, 2022). Therefore, material changes in position size or new entries cannot be quantified from this text alone.
Guidance, Outlook, and Risks
Management Commentary: Form 13F filings do not include management commentary, forward-looking guidance, or strategic outlooks. The document is a statutory disclosure of holdings.
Risks and Contingencies: No specific risk factors or contingencies are disclosed in this filing. The standard SEC disclaimer notes that the Commission has not reviewed the information for accuracy or completeness.
Investor Verification Checklist
- Portfolio Concentration: Verify the total aggregate value of the portfolio to assess concentration risk relative to the firm's AUM.
- Turnover Rate: Compare this filing with the Q2 2022 13F to calculate the turnover rate and identify significant buys or sells.
- Debt Exposure: Review the specific maturity dates and credit ratings of the corporate bond holdings (e.g., Exact Sciences, Akamai) to assess interest rate and credit risk.
- Discretionary Authority: Confirm the extent of "Sole" vs. "Shared" voting authority to understand the firm's control over the reported assets.
- ETF Holdings: Analyze the specific ETFs held (e.g., Vanguard, iShares) to determine if the firm is utilizing passive strategies for specific asset classes.