SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Equitable Holdings, Inc.
Filing Type: Form 13F Information Table (Schedule 13F)
Reporting Period: Second Quarter ended June 30, 2022
Context: This filing discloses the equity securities held by Equitable Holdings, Inc. as a registered investment manager. The table lists individual holdings, including common stocks, exchange-traded funds (ETFs), and other equity interests, along with their market values and voting authority.
Key Financial Metrics and Portfolio Composition
Portfolio Overview: The filing details a diversified portfolio consisting of hundreds of individual equity positions and ETFs. The data provided includes the title of the class, CUSIP, value (in thousands), and share/principal amount for each holding.
- Top Individual Equity Holdings (by Value):
- Apple Inc. (AAPL): $66,535,000
- Amazon.com Inc. (AMZN): $17,745,000
- Alphabet Inc. Class A (GOOGL): $18,576,000
- Alphabet Inc. Class C (GOOG): $9,496,000
- Microsoft Corp. (MSFT): $31,909,000
- Berkshire Hathaway Inc. Class B (BRK.B): $22,546,000
- Meta Platforms Inc. (META): $8,583,000
- NVIDIA Corp. (NVDA): $11,712,000
- Significant ETF Holdings:
- Dimensional ETF Trust US Core Equity 2: $17,057,000
- Dimensional ETF Trust US Equity ETF: $11,166,000
- SPDR Portfolio S&P 500 Growth ETF: $101,198,000 (Note: Value column indicates $101,198k)
- Vanguard Index Funds Growth ETF: $161,977,000
- Vanguard Index Funds Value ETF: $90,101,000
- SPDR S&P 500 ETF Trust (SPY): $60,019,000
- Self-Holding: Equitable Holdings Inc. holds 15,718 shares of its own common stock valued at $410,000.
Financial Metrics Not Provided: As this is a Form 13F filing, it does not contain company-specific financial performance metrics such as revenue, net profit, operating cash flow, profit margins, debt levels, or liquidity ratios for Equitable Holdings, Inc. It strictly reports asset holdings.
Material Changes and Portfolio Strategy
Comparison to Prior Period: The provided text contains only the snapshot of holdings as of June 30, 2022. It does not include the "Net Change" column or comparative data from the previous quarter (March 31, 2022). Therefore, specific material changes in position sizes cannot be calculated from this text alone.
Investment Strategy Indicators:
- Diversification: The portfolio is heavily weighted toward large-cap U.S. equities and broad market index funds (S&P 500, Total Stock Market).
- Sector Exposure: Significant exposure to Technology (Apple, Microsoft, Alphabet, NVIDIA), Financials (JPMorgan, Bank of America, Blackstone), and Healthcare (UnitedHealth, Pfizer, Merck).
- Factor Investing: Extensive use of factor-based ETFs focusing on Value, Growth, Quality, and Low Volatility (e.g., Dimensional, Invesco, iShares, and Vanguard factor funds).
- Fixed Income/Commodities: Holdings include various bond ETFs (Treasuries, High Yield, MBS) and commodity ETFs (Gold, Silver, Energy).
Guidance, Risks, and Contingencies
Management Commentary: Form 13F filings do not contain management commentary, forward-looking guidance, or outlook statements. These are typically found in 10-Q or 10-K filings.
Risks and Contingencies:
- Market Risk: The portfolio is subject to general equity market volatility. The heavy concentration in large-cap tech and financial stocks exposes the portfolio to sector-specific downturns.
- Liquidity: While most holdings are liquid public equities, the filing does not disclose the liquidity status of the underlying assets beyond their public trading nature.
- Regulatory Disclosure: The filing includes a standard disclaimer that the SEC has not reviewed the information for accuracy or completeness.
Key Facts for Investor Verification
- Reporting Entity: Verify that the holdings belong to Equitable Holdings, Inc. acting as an investment manager, not necessarily the operating company's balance sheet.
- Valuation Date: All values are as of June 30, 2022. Current market values will differ significantly due to market movements in 2023 and 2024.
- Top Concentrations: The largest single position by value appears to be in SPDR Portfolio S&P 500 Growth ETF ($101.2M) and Vanguard Growth ETF ($162.0M), indicating a strong growth tilt.
- Missing Data: Investors seeking revenue, earnings, or debt information for Equitable Holdings must refer to the company's 10-Q or 10-K filings, as this document only lists assets held.
- Voting Authority: The filing indicates "Sole" voting authority for the vast majority of positions, with "Shared" or "None" authority listed for specific instances (e.g., some IndexIQ and Invesco holdings show shared or none).