SEC Filing Summary: South Plains Financial, Inc.
Business Context and Reporting Period
Filing Type: Form 13F Information Table
Company: South Plains Financial, Inc.
Reporting Period: Quarter ended March 31, 2025
Context: This filing discloses the equity securities held by South Plains Financial, Inc. as of the end of the reporting period. It details the number of shares, value, and voting authority for each holding.
Key Financial Metrics and Portfolio Composition
Portfolio Overview: The filing lists a diversified portfolio of common stocks, exchange-traded funds (ETFs), and warrants. The data provided includes the value of holdings (to the nearest dollar) and share counts, but does not provide aggregate portfolio totals, revenue, profit, or cash flow metrics for South Plains Financial, Inc. itself.
Top Holdings by Value (Selected):
- Apple Inc.: 22,771 shares valued at $5,058,100
- Microsoft Corp.: 11,351 shares valued at $4,260,918
- Amazon.com Inc.: 15,185 shares valued at $2,889,081
- NVIDIA Corp.: 25,031 shares valued at $2,712,848
- Alphabet Inc. (Class C): 18,472 shares valued at $2,856,498
- South Plains Financial, Inc. (Own Stock): 6,263 shares valued at $207,367
Asset Classes: The portfolio includes significant allocations to large-cap technology, financials, healthcare, and energy sectors, alongside broad market ETFs (e.g., iShares, Vanguard, SPDR).
Material Changes and Voting Authority
Voting Authority: The filing distinguishes between "Sole," "Shared," and "None" voting authority. Most holdings are reported with "DFND" (Discretionary) authority, with a mix of sole and shared voting rights. For example, the company holds 6,263 shares of its own stock with "Sole" voting authority.
Comparative Data: The filing text does not provide data for the prior comparable period (December 31, 2024). Therefore, material changes in holdings, buy/sell activity, or portfolio shifts cannot be determined from this document alone.
Guidance, Outlook, and Risks
Management Commentary: This Form 13F is a regulatory disclosure of holdings and does not contain management commentary, forward-looking guidance, or strategic outlook.
Risks and Contingencies: The filing includes a standard disclaimer stating that the SEC has not reviewed the information for accuracy or completeness. No specific risk factors or contingencies related to the company's operations are disclosed in this table.
Investor Verification Checklist
- Verify the total aggregate value of the portfolio by summing the "Value" column, as the filing does not provide a total.
- Compare these holdings against the prior quarter's Form 13F to identify significant trades or sector rotations.
- Review the "Voting Authority" columns to understand the extent of the company's influence over its investees.
- Note that the filing lists holdings of South Plains Financial, Inc. itself ($207,367), which may indicate treasury stock or internal holdings.
- Confirm that the "Value" figures reflect market prices as of March 31, 2025, and adjust for any subsequent market movements.