SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Bank OZK
Filing Type: Form 13F Information Table
Reporting Period: Quarter ended December 31, 2022
Context: This filing discloses the equity securities held by Bank OZK as a registered investment manager. It details holdings in individual stocks and exchange-traded funds (ETFs), categorized by voting authority (Sole, Shared, or None).
Key Financial Metrics and Portfolio Composition
Portfolio Overview: The filing lists approximately 100 distinct issuers, including major corporations and ETFs. The portfolio is diversified across sectors such as Technology, Healthcare, Financials, Energy, and Consumer Staples.
Top Holdings by Value (Selected):
- Apple Inc.: Total value approx. $10.79 million (Sole: $9.39M, Other: $1.40M)
- Microsoft Corp.: Total value approx. $8.29 million (Sole: $5.73M, Other: $2.56M)
- Merck & Co. Inc.: Total value approx. $6.35 million (Sole: $5.00M, Other: $1.35M)
- AbbVie Inc.: Total value approx. $6.22 million (Sole: $4.01M, Other: $2.22M)
- Verizon Communications Inc.: Total value approx. $3.53 million (Sole: $2.70M, Other: $0.83M)
Voting Authority: The majority of holdings are reported under "Sole" discretion, though significant portions of many positions are held under "Other" (Shared/None) discretion, indicating assets managed for clients or in separate accounts.
Financial Metrics: The filing text does not provide Bank OZK's own revenue, profit, cash flow, debt, or liquidity metrics. It strictly reports the value of external equity investments.
Material Changes
The filing text does not provide comparative data for the prior quarter (September 30, 2022). Therefore, material changes in position size or value versus the prior period cannot be determined from this document alone.
Guidance, Outlook, and Risks
Management Commentary: None provided. Form 13F filings are statutory disclosures of holdings and do not contain management outlook, guidance, or strategic commentary.
Risks and Contingencies: The filing includes a standard disclaimer stating the SEC has not reviewed the information for accuracy. No specific risk factors or contingencies regarding the portfolio are disclosed in this text.
Unusual Items: The portfolio includes a mix of individual equities and broad market ETFs (e.g., iShares, SPDR, Vanguard), suggesting a strategy that combines active stock picking with passive index exposure.
Investor Verification Checklist
- Asset Classification: Verify whether the reported holdings represent Bank OZK's proprietary capital or assets managed on behalf of third-party clients (indicated by "Other" voting authority).
- Concentration Risk: Assess the concentration in top holdings like Apple, Microsoft, and Merck relative to the bank's total asset base.
- Valuation Timing: Confirm that the values reported reflect market prices as of December 31, 2022, and consider subsequent market movements.
- Regulatory Compliance: Ensure the filing aligns with the bank's stated investment policy and regulatory capital requirements.