SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Equitable Holdings, Inc.
Filing Type: Form 13F Information Table (Schedule of Holdings)
Reporting Period: Quarter ended June 30, 2023
Context: This filing discloses the equity securities held by Equitable Holdings, Inc. as of the end of the second quarter of 2023. The portfolio consists of a diversified mix of individual equities and exchange-traded funds (ETFs) across various sectors and geographies.
Key Financial Metrics and Portfolio Composition
Portfolio Structure: The filing lists hundreds of individual positions. The portfolio is heavily weighted toward passive investment vehicles (ETFs) and large-cap U.S. equities, with significant exposure to technology, financials, and healthcare sectors.
Top Individual Equity Holdings (by Share Count):
- Apple Inc.: 102,535,258 shares
- Alphabet Inc. (Class A & C): 38,139,564 shares (combined)
- Amazon.com Inc.: 39,775,965 shares
- Berkshire Hathaway Inc. (Class B): 33,510,411 shares
- Microsoft Corp.: 46,576,337 shares
- NVIDIA Corp.: 27,403,659 shares
- Tesla Inc.: 20,452,090 shares
Top ETF Holdings (by Share Count):
- Invesco QQQ Trust (Invesco QQQ): 220,859,964 shares
- SPDR Portfolio S&P 500 Growth ETF: 283,351,794 shares (combined)
- SPDR Portfolio S&P 500 Value ETF: 112,043,520 shares (combined)
- Vanguard Growth ETF: 223,602,632 shares (combined)
- Vanguard Value ETF: 152,350,952 shares (combined)
- iShares Core S&P 500 ETF: 209,186,411 shares (combined)
Debt and Liquidity: The filing text does not provide data on the company's corporate debt, cash flow, or liquidity ratios. It strictly reports long-term equity holdings.
Material Changes and Observations
Comparison to Prior Period: The provided text contains only the snapshot of holdings as of June 30, 2023. It does not include the prior quarter's data (March 31, 2023) or a summary of purchases and sales. Therefore, specific material changes in position size cannot be calculated from this document alone.
Notable Holdings: The portfolio includes significant positions in fixed-income related ETFs (e.g., iShares TIPS Bond ETF, SPDR Bloomberg High Yield Bond ETF) and commodity-linked ETFs (e.g., SPDR Gold Shares, iShares Silver Trust), indicating a diversified asset allocation strategy beyond pure equities.
Guidance, Outlook, and Risks
Management Commentary: Form 13F filings are regulatory disclosures of holdings and do not contain management commentary, earnings guidance, or strategic outlooks.
Risks and Contingencies: No specific risks or contingencies are disclosed in this filing. The standard SEC disclaimer notes that the Commission has not reviewed the information for accuracy or completeness.
Key Facts for Investor Verification
- Concentration Risk: Verify the total market value of the top 10 holdings to assess concentration risk, particularly in the Technology sector (Apple, Microsoft, NVIDIA, Alphabet, Amazon).
- ETF Overlap: Analyze the overlap between the numerous ETF holdings (e.g., multiple S&P 500 and Growth/Value ETFs) to determine the true underlying exposure to specific sectors.
- Valuation: The filing lists share counts but does not provide the total market value of the portfolio. Investors must calculate the total value using the reported share counts and market prices as of June 30, 2023.
- Derivatives: The filing indicates "None" for Put/Call options in the "Other" column for the listed securities, suggesting a long-only equity strategy for these specific holdings.