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: As of December 31, 2020
Context: This filing discloses the equity securities held by Equitable Holdings, Inc. at the end of the fourth quarter of 2020. As a Form 13F, this document details investment positions rather than the company's own operating financial results.
Key Financial Metrics and Portfolio Composition
The filing provides a granular list of holdings but does not aggregate total portfolio value, revenue, or profit metrics for Equitable Holdings itself. The following observations are derived from the disclosed positions:
- Asset Class: The portfolio consists primarily of common stocks (COM) and Exchange Traded Funds (ETFs).
- Top Individual Equity Holdings (by Share Count):
- Apple Inc.: 448,072 shares
- Amazon.com Inc.: 4,553 shares (High value per share)
- Microsoft Corp.: 110,439 shares
- Alphabet Inc. (Class A & C): 9,269 shares combined
- Verizon Communications Inc.: 114,248 shares
- Significant ETF Exposure: The portfolio holds substantial positions in broad market and sector-specific ETFs, including:
- Invesco QQQ Trust (Nasdaq-100): 471,633 shares
- iShares Core S&P 500 ETF: 398,482 shares (combined classes)
- Vanguard Growth ETF: 652,606 shares (combined classes)
- SPDR S&P 500 ETF Trust: 80,640 shares
- Voting Authority: The vast majority of holdings are reported with "Sole" voting authority, indicating direct control over voting decisions for these securities.
Material Changes and Portfolio Strategy
Note: This filing is a snapshot of holdings as of December 31, 2020. It does not contain comparative data for the prior quarter (September 30, 2020) within this specific text, preventing a direct calculation of material changes in position size or value.
Strategic Observations:
- Diversification: The portfolio is heavily diversified across large-cap technology, healthcare, financials, and consumer discretionary sectors.
- Passive vs. Active: A significant portion of the portfolio is allocated to passive index funds (S&P 500, Nasdaq-100, Total Stock Market), suggesting a core-satellite investment strategy.
- Specific Sectors: Notable exposure to Technology (Apple, Microsoft, Nvidia, Adobe), Healthcare (Pfizer, Merck, UnitedHealth), and Financials (JPMorgan, Bank of America, BlackRock).
Guidance, Risks, and Contingencies
Guidance and Outlook: Form 13F filings do not contain management guidance, earnings outlooks, or forward-looking statements regarding the company's own operations. The filing strictly reports historical holdings.
Risks and Contingencies:
- Market Risk: The portfolio is exposed to general equity market volatility, particularly in the technology and financial sectors which represent significant weightings.
- Concentration Risk: While diversified, the portfolio has concentrated positions in specific mega-cap technology stocks and broad market ETFs.
- 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
- Portfolio Size: Verify the total market value of the portfolio by multiplying the share counts listed by the closing prices of each security on December 31, 2020.
- Turnover: Compare this filing with the Q3 2020 Form 13F to determine the turnover rate and specific buy/sell activity during the fourth quarter.
- Derivatives: The filing lists "Put/Call" columns as empty for all entries, indicating no reported short positions or options activity in this specific table.
- Self-Holding: Equitable Holdings holds 8,991 shares of its own stock (EQUITABLE HLDGS INC COM).
- Discretion: Confirm that all listed investments are managed with "Discretion" (DFND 10), meaning the investment manager has full authority over the transactions.