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 September 30, 2020
Context: This filing discloses the equity securities held by Equitable Holdings, Inc. at the end of the third quarter of 2020. It is a regulatory disclosure of investment positions, not a financial performance report of the company's own operations.
Key Financial Metrics and Portfolio Composition
Revenue, Profit, Cash Flow, Margins, Debt, Liquidity: The filing text does not provide a clear value for these metrics. Form 13F reports investment holdings, not the operating financial results of the reporting manager.
Portfolio Overview: The portfolio is heavily diversified across Exchange Traded Funds (ETFs) and individual equities. Key observations include:
- Top Individual Equity Holdings (by Value):
- Apple Inc. (AAPL): $55,756,000
- Amazon.com Inc. (AMZN): $14,557,000
- Microsoft Corp. (MSFT): $23,587,000
- Alphabet Inc. (GOOG/GOOGL): Combined value approx. $14,023,000
- Facebook Inc. (FB): $9,380,000
- Significant ETF Exposure: The portfolio holds substantial positions in broad market and sector ETFs, including:
- SPDR Technology Select Sector Fund (XLK): $150,170,000 (largest single position)
- iShares Core S&P 500 ETF (IVV): Combined value approx. $134,836,000
- Vanguard Growth ETF (VUG): Combined value approx. $148,590,000
- Vanguard Value ETF (VTV): Combined value approx. $830,212,000
- iShares Russell 1000 Growth ETF (IWF): Combined value approx. $273,212,000
- Commodities: Significant holdings in gold and silver ETFs (e.g., SPDR Gold Trust, iShares Gold Trust).
Material Changes Versus Prior Period
The filing text does not provide a clear value for material changes versus the prior comparable period. Form 13F filings list current holdings but do not explicitly state the net change in position size or value from the previous quarter within the text body.
Guidance, Outlook, and Risks
Guidance and Outlook: The filing text does not provide a clear value for management guidance or future outlook. This is a statutory disclosure of past holdings, not a forward-looking earnings release.
Risks and Contingencies: The filing includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy or completeness. The portfolio composition indicates exposure to technology sector volatility, interest rate sensitivity (via bond ETFs), and commodity price fluctuations.
Important Facts for Investor Verification
- Reporting Entity: Verify that Equitable Holdings, Inc. is the reporting manager for these specific holdings, as 13F filings can sometimes be filed by subsidiaries or investment arms.
- Valuation Date: Confirm that the values listed reflect market prices as of September 30, 2020, and have not been adjusted for subsequent market movements.
- Concentration Risk: Note the heavy concentration in Technology sector ETFs (specifically XLK) and large-cap growth equities (Apple, Microsoft, Amazon), which may indicate a specific investment strategy or risk profile.
- Voting Authority: The filing indicates "Sole" voting authority for the vast majority of positions, suggesting direct control over these assets.
- Missing Data: Investors should look to the company's 10-Q or 10-K filings for actual revenue, profit, and debt metrics, as this document contains none.