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 March 31, 2020
Context: This filing discloses the equity securities held by Equitable Holdings, Inc. at the end of the first 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 weighted toward Exchange-Traded Funds (ETFs) and large-cap U.S. equities. Significant holdings include:
- Technology: Apple Inc. (132,883 shares), Microsoft Corp (106,535 shares), Alphabet Inc (8,838 shares combined), Amazon.com Inc (4,389 shares).
- Financials: Berkshire Hathaway Inc (57,931 shares), JPMorgan Chase & Co (58,237 shares), Bank of America Corp (80,514 shares).
- Healthcare: Johnson & Johnson (30,164 shares), UnitedHealth Group Inc (7,804 shares), Pfizer Inc (38,888 shares).
- ETFs: Extensive holdings in iShares (e.g., iShares Core S&P 500 ETF, iShares Russell 1000 Growth ETF), Vanguard (e.g., Vanguard Growth ETF, Vanguard Value ETF), and SPDR Trusts (e.g., SPDR S&P 500 ETF Trust).
Material Changes Versus Prior Period
The filing text does not provide a clear value for material changes versus the prior comparable period. This document lists holdings as of a specific date but does not include a comparative table or narrative describing net purchases or sales relative to the previous quarter.
Guidance, Outlook, and Risks
Guidance and Outlook: The filing text does not provide a clear value for management guidance or future outlook. Form 13F is a historical snapshot of holdings and does not contain forward-looking statements.
Risks and Contingencies: The filing includes a standard disclaimer stating that the SEC has not reviewed the information for accuracy or completeness. The portfolio composition reflects exposure to broad market sectors, including technology, financials, and international markets via ETFs, implying standard market risk exposure as of March 31, 2020.
Important Facts for Investor Verification
- Document Type: Verify that this is a Form 13F (investment holdings) and not a Form 10-Q (financial results) to avoid misinterpreting asset values as company revenue.
- Valuation: The "Value" column represents the approximate market value of the holdings in thousands of dollars as of the reporting date, not the company's own asset base.
- Voting Authority: The filing indicates "Sole" voting authority for the majority of listed positions, with some "Shared" authority noted for specific ETFs.
- Concentration: Verify the concentration risk in specific ETFs (e.g., iShares Russell 1000 Growth ETF with 943,340 shares) and individual tech stocks.
- Reporting Date: Confirm the data reflects the market environment as of March 31, 2020, which coincided with significant global market volatility.