Business Context and Reporting Period
This filing is a Form 13F-HR submitted by Royal Bank of Canada for the quarter ended September 30, 2014. The report discloses the U.S. equity holdings of the reporting manager and 15 other included managers, including RBC Global Asset Management Inc. and RBC Capital Markets, LLC. The report was signed on November 13, 2014.
Key Financial Metrics
As a Form 13F filing, this document reports portfolio holdings rather than the operating financial performance (revenue, profit, cash flow) of Royal Bank of Canada itself. The following metrics relate to the reported investment portfolio:
- Total Portfolio Value: $146,468,487,000 (reported in thousands).
- Total Number of Holdings: 17,588 entries.
- Number of Included Managers: 15 additional managers are included in this consolidated report.
The filing text does not provide data on Royal Bank of Canada's corporate revenue, profit margins, debt levels, or liquidity.
Material Changes
The filing notes a specific structural change regarding included managers: On August 29, 2014, RBC Global Asset Management Inc. sold all of its ownership interest in Sky Investment Counsel Inc. Consequently, Sky Investment Counsel Inc. is no longer identified as an "Included Manager" for the purposes of this Form 13F.
Guidance, Outlook, and Risks
This filing type does not contain management guidance, future outlook, or operational risk commentary. The document includes a standard disclaimer stating that the SEC has not reviewed the information and that readers should not assume it is accurate or complete.
Investor Verification Checklist
- Verify the total reported value of $146.47 billion against the sum of individual holdings in the full schedule.
- Confirm the exclusion of Sky Investment Counsel Inc. from the list of included managers effective August 29, 2014.
- Note that this report covers only U.S. equity securities and does not reflect the bank's global balance sheet or non-equity assets.
- Review the list of 15 included managers to understand the scope of the consolidated reporting.