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: As of September 30, 2024
Context: This filing discloses the equity securities held by Bank OZK at the end of the third quarter of 2024. 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 holdings across various sectors including Technology, Healthcare, Financials, and Consumer Staples. The portfolio includes significant positions in large-cap equities and broad market ETFs.
Top Holdings by Share Count (Sole Discretion):
- Apple Inc.: 53,388 shares
- NVIDIA Corporation: 55,867 shares
- Chipotle Mexican Grill Inc.: 49,826 shares
- Fortinet Inc.: 42,072 shares
- Microsoft Corp.: 18,912 shares
Top Holdings by Share Count (Other Discretion):
- Apple Inc.: 6,722 shares
- NVIDIA Corporation: 3,745 shares
- Microsoft Corp.: 7,961 shares
- Alphabet Inc. (Class A): 3,200 shares
ETF Exposure: Significant allocations to index funds including iShares Core S&P 500 ETF, SPDR S&P 500 ETF Trust, and various sector-specific ETFs (e.g., iShares Gold Trust, SPDR S&P Biotech).
Financial Metrics: The filing text does not provide aggregate portfolio value, revenue, profit, cash flow, margins, debt, or liquidity metrics for Bank OZK. It strictly reports share counts and voting authority.
Material Changes and Voting Authority
Voting Authority Distribution: The portfolio is split between "Sole" discretion (where Bank OZK has full voting control) and "Other" discretion (where voting rights are shared or held by others). Many positions appear in both categories, suggesting a mix of direct holdings and holdings within managed accounts or trusts.
Notable Voting Splits:
- Bank of America Corp: 52,532 shares (Sole) vs. 10,071 shares (Other).
- Trane Technologies PLC: 5,830 shares (Sole) vs. 446 shares (Other).
- Alphabet Inc. (Class A): 15,395 shares (Sole) vs. 3,200 shares (Other).
Comparison to Prior Period: The provided text contains only the snapshot for September 30, 2024. It does not include data for the prior quarter (June 30, 2024), preventing a calculation of material changes in holdings or value.
Guidance, Outlook, and Risks
Management Commentary: None provided. Form 13F filings are statutory disclosures of holdings and do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies: No specific risks or contingencies are disclosed in this document. The standard SEC disclaimer notes that the Commission has not reviewed the information for accuracy.
Unusual Items: The filing includes holdings in "Other" categories with "None" voting authority for certain ETFs (e.g., Amplify Digital Payments ETF, Ares Capital Corp), indicating passive or non-voting positions.
Key Facts for Investor Verification
- Portfolio Concentration: Verify the total market value of the top 10 holdings (Apple, NVIDIA, Chipotle, Fortinet, Microsoft) to assess concentration risk relative to Bank OZK's total assets.
- Voting Rights: Confirm the extent of "Other" discretion holdings to understand how much of the portfolio is managed externally or held in trust structures where Bank OZK lacks sole voting control.
- ETF Strategy: Review the specific ETF tickers (e.g., iShares, SPDR, Vanguard) to determine if the bank is utilizing passive indexing strategies for a significant portion of its equity exposure.
- Missing Data: Note that this filing does not disclose the cost basis, unrealized gains/losses, or the total aggregate value of the portfolio.
- Regulatory Compliance: Ensure the filing was submitted within the required 45-day window following the quarter-end (by November 14, 2024).