SEC Filing Summary: Form 13F-HR
Business Context and Reporting Period
Reporting Manager: Regions Financial Corporation (and affiliated managers: Regions Bank, Morgan Asset Management, AmSouth Investment Management Co, AmSouth Asset Management Inc).
Reporting Period: Quarter ended September 30, 2007.
Filing Date: November 12, 2007.
Context: This filing discloses equity securities held by the institutional investment manager. The report includes holdings for the primary manager and four other included managers, totaling 2,318 entries.
Key Financial Metrics
Total Portfolio Value: $9,412,170 (as reported in the summary table; note: this figure likely represents a subset or specific reporting category given the extensive list of large-cap holdings).
Number of Holdings: 2,318 entries.
Top Holdings by Value (Selected):
- Exxon Mobil Corp: ~$255.9M (Defined) + ~$106.6M (Discretionary/Other)
- Procter & Gamble Co: ~$111.1M (Defined) + ~$37.3M (Discretionary/Other)
- Microsoft Corp: ~$82.6M (Defined) + ~$20.3M (Discretionary/Other)
- Wells Fargo & Co: ~$63.4M (Defined) + ~$12.0M (Discretionary/Other)
- Regions Financial Corp: ~$253.4M (Defined) + ~$174.5M (Discretionary/Other)
- General Electric Co: ~$182.6M (Defined) + ~$68.3M (Discretionary/Other)
- Johnson & Johnson: ~$92.6M (Defined) + ~$29.1M (Discretionary/Other)
- Verizon Communications: ~$76.6M (Defined) + ~$22.9M (Discretionary/Other)
- Wal-Mart Stores Inc: ~$63.4M (Defined) + ~$13.8M (Discretionary/Other)
- AT&T Inc: ~$116.7M (Defined) + ~$34.3M (Discretionary/Other)
Debt, Liquidity, and Margins: Not applicable. Form 13F reports equity holdings only and does not disclose the manager's internal financial statements, debt levels, or operating margins.
Material Changes
Comparison to Prior Period: The filing text provided does not contain data for the prior quarter (June 30, 2007). Therefore, material changes in position size or portfolio composition cannot be calculated from this document alone.
Guidance, Outlook, and Risks
Management Commentary: None. Form 13F is a statutory disclosure of holdings and does not include management discussion, financial guidance, or forward-looking statements.
Risks and Contingencies: None disclosed in this filing type. The filing represents a snapshot of long-only equity positions (and certain derivatives) as of the quarter end.
Unusual Items: The portfolio shows significant concentration in large-cap financials, energy, healthcare, and consumer staples. Notable holdings include significant positions in the reporting manager's own stock (Regions Financial Corp) and major competitors (Wells Fargo, Bank of America, JPMorgan Chase).
Investor Verification Checklist
- Portfolio Concentration: Verify the total asset base managed by Regions Financial to understand the significance of the reported $9.4M summary value versus the aggregate value of the listed holdings (which appear to exceed $1 billion based on top positions).
- Self-Holding: Confirm the size of the position in Regions Financial Corp (~$428M total value) relative to the company's float.
- Derivatives: Review the "Other" column for call/put options or warrants, as the filing includes entries with "PRN" (Preferred) and various derivative structures.
- Manager Attribution: Distinguish between holdings managed directly by Regions Financial Corp versus the affiliated managers (Regions Bank, AmSouth entities) listed in the "Other Included Managers" section.
- Valuation Date: Ensure all position values are assessed as of September 30, 2007, and not adjusted for subsequent market movements.