SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Equitable Holdings, Inc.
Filing Type: Form 13F Information Table (Quarterly Report of Holdings)
Reporting Period: Ended June 30, 2021
Context: This filing discloses the equity securities held by Equitable Holdings, Inc. as a registered investment manager. The data represents a snapshot of the portfolio composition at the end of the second quarter of 2021, detailing issuer names, CUSIPs, share counts, and market values.
Key Financial Metrics and Portfolio Composition
Portfolio Overview: The filing lists a diversified portfolio consisting of individual equities and a significant allocation to Exchange Traded Funds (ETFs). The portfolio spans multiple sectors including Technology, Financials, Healthcare, Energy, and Consumer Staples.
- Top Individual Equity Holdings (by Value):
- Apple Inc. (AAPL): $62,448,000
- Amazon.com Inc. (AMZN): $18,219,000
- Alphabet Inc. Class A (GOOGL): $15,266,000
- Alphabet Inc. Class C (GOOG): $7,953,000
- Microsoft Corp (MSFT): $28,819,000
- Facebook Inc. Class A (FB): $13,809,000
- Top ETF Holdings (by Value):
- Invesco QQQ Trust (QQQ): $179,800,000
- SPDR Portfolio S&P 500 Growth ETF (SPYG): $120,260,000
- SPDR Portfolio S&P 500 Value ETF (SPYV): $56,424,000
- Vanguard S&P 500 ETF (VOO): $58,280,000
- iShares Core S&P 500 ETF (IVV): $100,265,000
- Investment Discretion: The filing indicates "Sole" voting authority for the majority of positions, with specific instances of "Shared" authority noted for certain holdings.
Material Changes and Observations
Comparison to Prior Period: As this is a static snapshot of holdings for the period ended June 30, 2021, the filing text does not provide explicit quantitative comparisons (e.g., percentage change) against the prior quarter (March 31, 2021). Material changes must be inferred by comparing the specific share counts and values listed here against the previous 13F filing.
Notable Holdings: The portfolio shows significant exposure to large-cap technology growth stocks and broad market index funds. There is also notable exposure to sector-specific ETFs, including clean energy, blockchain, and infrastructure.
Guidance, Outlook, and Risks
Management Commentary: Form 13F filings are regulatory disclosures of holdings and do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies: The filing does not disclose specific risk factors or contingencies. However, the concentration in technology-heavy ETFs (such as QQQ) and individual tech stocks implies exposure to sector-specific volatility. The filing includes a standard disclaimer that the SEC has not reviewed the information for accuracy.
Key Facts for Investor Verification
- Total Portfolio Value: Investors should aggregate the "Value" column (in thousands) to determine the total reported equity exposure, noting that this figure excludes non-equity assets (e.g., bonds, cash) not reported on Form 13F.
- Concentration Risk: Verify the percentage of the total portfolio allocated to the top 10 holdings, which appear to be heavily weighted toward large-cap technology and broad market ETFs.
- Share Class Distinctions: Note the separate reporting of Alphabet Class A and Class C shares, and similar distinctions for other issuers, which may impact voting rights analysis.
- Reporting Lag: Confirm that the data reflects positions as of June 30, 2021, and does not account for trading activity occurring after that date.