SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Regions Financial Corp
Filing Type: Form 13F Information Table (Schedule 13F)
Reporting Period: Quarter ended December 31, 2016
Context: This filing discloses the equity securities held by Regions Financial Corp at the end of the reporting period. As a financial institution, Regions Financial Corp acts as an investment manager for various accounts, reporting holdings with sole, shared, or no voting authority.
Key Financial Metrics and Portfolio Composition
Note: Form 13F filings report holdings by share count and value (in thousands) but do not disclose the reporting company's own revenue, profit, cash flow, or debt metrics.
- Portfolio Scope: The filing lists hundreds of individual equity positions across domestic and foreign issuers, including common stock, partnerships, and mutual funds/ETFs.
- Top Holdings by Value (Selected Examples):
- General Electric Co: ~2.95 million shares (Value: ~$93,289k)
- Exxon Mobil Corp: ~1.84 million shares (Value: ~$165,665k)
- Verizon Communications: ~1.85 million shares (Value: ~$98,747k)
- Wells Fargo & Co: ~1.94 million shares (Value: ~$107,047k)
- Regions Financial Corp (Self-Holding): ~3.82 million shares (Value: ~54,900k)
- Asset Classes: The portfolio includes significant allocations to large-cap equities, financial services, energy, technology, and healthcare sectors. It also contains substantial positions in Exchange Traded Funds (ETFs) such as iShares and SPDR series.
Material Changes and Voting Authority
Comparison to Prior Period: This filing represents a snapshot of holdings as of December 31, 2016. The provided text does not contain the prior quarter's data (September 30, 2016) required to calculate specific percentage changes in holdings or values.
Voting Authority: The filing details the breakdown of voting authority for each position:
- Sole Discretion: The majority of reported shares are held with sole voting authority.
- Shared Discretion: A portion of holdings, particularly in large-cap stocks and mutual funds, are reported with shared voting authority.
- No Authority: Some positions are reported with no voting authority, often associated with specific fund structures or restricted shares.
Guidance, Outlook, and Risks
Management Commentary: Form 13F is a regulatory disclosure of holdings and does not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies: The filing includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy or completeness. No specific contingencies or unusual items regarding the portfolio are disclosed in this text.
Important Facts for Investor Verification
- Self-Holding: Regions Financial Corp holds a significant position in its own stock (Regions Financial Corp), totaling approximately 3.82 million shares across various accounts.
- Concentration Risk: The portfolio shows heavy concentration in specific sectors, notably Financials (e.g., Wells Fargo, JPMorgan Chase, Bank of America) and Energy (e.g., Exxon Mobil, Chevron, Occidental Petroleum).
- Passive vs. Active: The presence of numerous iShares and SPDR ETF holdings suggests a mix of passive index tracking and active stock picking within the managed accounts.
- Foreign Exposure: The portfolio includes significant foreign stock holdings (e.g., Royal Dutch Shell, HSBC, AstraZeneca, Alibaba), indicating global diversification.
- Data Limitation: Investors should note that this document lists holdings but does not provide the financial performance (revenue, earnings) of Regions Financial Corp itself.