SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Bank OZK (Reporting Manager)
Filing Type: Form 13F Information Table
Reporting Period: Quarter ended March 31, 2015
Context: This filing discloses the equity securities held by Bank OZK at the end of the reporting period. It details the issuer, class of security, CUSIP, value, share count, and voting authority (Sole, Shared, or None) for each holding.
Key Financial Metrics and Portfolio Composition
Total Portfolio Value: The filing lists individual security values in thousands of dollars. A precise aggregate total is not explicitly stated in the text, but the portfolio consists of over 100 distinct equity positions.
Top Holdings by Value (Sole Discretion):
- Bank of the Ozarks Inc: $101,568,000 (2,750,293 shares)
- AT&T Inc: $3,318,000 (101,626 shares)
- Altria Group Inc: $2,085,000 (41,683 shares)
- Apple Inc: $3,087,000 (24,812 shares)
- BB&T Corp: $1,170,000 (30,010 shares)
- General Electric Co: $2,023,000 (81,534 shares)
- Exxon Mobil Corp: $3,320,000 (39,056 shares)
- Intel Corp: $1,573,000 (50,291 shares)
- Johnson & Johnson: $2,233,000 (22,201 shares)
- Merck & Co Inc: $2,237,000 (38,914 shares)
- Verizon Communications Inc: $2,832,000 (58,242 shares)
- Walmart Stores Inc: $2,086,000 (25,361 shares)
Notable "Other" Discretion Holdings:
- Murphy Oil Corp: $36,342,000 (779,868 shares)
- Murphy USA Inc: $14,090,000 (194,692 shares)
- Bank of the Ozarks Inc: $5,467,000 (148,027 shares)
- Deltic Timber Corp: $3,685,000 (55,627 shares)
Liquidity and Debt: The filing text does not provide data on the company's cash flow, debt levels, or liquidity ratios. It strictly reports equity holdings.
Material Changes and Voting Authority
Voting Authority Distribution:
- Sole Discretion: The majority of holdings are reported under sole voting authority.
- Other Discretion: Significant portions of holdings in Murphy Oil, Murphy USA, and Bank of the Ozarks are reported under "Other" discretion, indicating shared management or client-directed accounts.
- Shared/None: Some positions show shared voting authority or none, particularly in smaller positions or specific ETFs.
Comparison to Prior Period: The filing text does not contain data for the prior comparable period (December 31, 2014). Therefore, material changes in holdings, additions, or deletions cannot be calculated from this document alone.
Guidance, Outlook, and Risks
Management Commentary: None provided. Form 13F is a regulatory disclosure of holdings and does not include management discussion, guidance, or outlook.
Risks and Contingencies: The filing includes a standard disclaimer that 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 shows a heavy concentration in the reporting company's own stock (Bank of the Ozarks) and significant exposure to the energy sector (Murphy Oil, Murphy USA, Exxon Mobil, Chevron, ConocoPhillips).
Key Facts for Investor Verification
- Concentration Risk: Verify the total exposure to Bank of the Ozarks stock, which appears to be the single largest holding by value ($101.5M sole + $5.4M other).
- Energy Sector Exposure: Confirm the aggregate value of holdings in Murphy Oil, Murphy USA, Exxon Mobil, Chevron, and ConocoPhillips to assess sector concentration.
- Discretionary vs. Client Assets: Distinguish between assets managed under "Sole" discretion (proprietary or fully managed) versus "Other" discretion (likely client-directed or shared accounts), particularly for the large Murphy Oil and Murphy USA positions.
- Valuation Basis: Note that values are reported in thousands and represent the market value at the end of the quarter (March 31, 2015).
- Missing Data: Acknowledge that this filing does not provide revenue, profit, or cash flow data for Bank OZK itself; those metrics must be sourced from 10-Q or 10-K filings.