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 December 31, 2024
Context: This filing discloses the equity securities held by South Plains Financial, Inc. as a registered investment manager. The document lists holdings in individual stocks and exchange-traded funds (ETFs) as of the period end.
Key Financial Metrics and Holdings
Note: Form 13F filings report holdings by value and share count but do not disclose the company's own revenue, profit, cash flow, or debt levels.
- Portfolio Composition: The portfolio consists of a diversified mix of large-cap equities, sector-specific ETFs, and fixed-income ETFs.
- Top Equity Holdings (by Value):
- Apple Inc.: $5,354,717 (21,383 shares)
- Microsoft Corp: $4,366,730 (10,360 shares)
- Amazon.com Inc: $3,096,676 (14,115 shares)
- NVIDIA Corp: $3,115,515 (23,200 shares)
- Alphabet Inc (Class C): $3,260,497 (17,224 shares)
- Significant ETF Holdings:
- iShares Core S&P Mid-Cap ETF: $5,276,248 (84,678 shares)
- iShares Core S&P Total U.S. Stock Market ETF: $3,474,322 (5,902 shares)
- Vanguard Total Bond Market ETF: $2,841,070 (48,833 shares)
- Self-Holding: South Plains Financial, Inc. holds 7,956 shares of its own common stock valued at $276,471 with sole voting authority.
Material Changes
The filing text provided is a static snapshot of holdings as of December 31, 2024. It does not contain comparative data from the prior quarter (September 30, 2024) or year-over-year figures. Therefore, material changes in position size, new acquisitions, or divestitures cannot be determined 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, financial guidance, or outlook statements.
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 company's operations are disclosed in this format.
Investor Verification Checklist
- Portfolio Concentration: Verify the percentage of the total portfolio allocated to the top 5 holdings (Apple, Microsoft, Amazon, NVIDIA, Alphabet) to assess concentration risk.
- ETF Exposure: Confirm the specific underlying assets of the significant ETF holdings (e.g., iShares and Vanguard funds) to understand sector and asset class exposure.
- Voting Authority: Note that for many holdings, voting authority is "Discretionary" (DFND), while the company's own stock is held with "Sole" authority.
- Financial Health: To assess South Plains Financial's own liquidity, debt, and profitability, investors must refer to the company's Form 10-K or 10-Q filings, as this Form 13F does not contain that data.