SEC Filing Summary: Hilltop Holdings Inc. (Form 13F)
Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Hilltop Holdings Inc. for the reporting period ending June 30, 2016. As a registered investment adviser, Hilltop Holdings is required to disclose its holdings in equity securities. The filing details the specific stocks, shares, and voting authority held by the firm at the end of the quarter.
Key Financial Metrics and Portfolio Composition
The filing provides a granular list of holdings rather than aggregate financial statements for Hilltop Holdings itself. Key portfolio characteristics include:
- Asset Class: The portfolio consists primarily of common stocks, exchange-traded funds (ETFs), and preferred securities.
- Top Holdings by Share Count: Significant positions include Mitsubishi UFJ Financial Group (503,200 shares), Lattice Semiconductor (300,700 shares), Ishares MSCI Japan ETF (279,868 shares), and Pan American Silver (249,100 shares).
- Top Holdings by Value (Approximate): Based on reported values, major positions include Facebook ($18.8M), Ishares MSCI Japan ETF ($279.8M), and Mitsubishi UFJ ($503.2M).
- Investment Discretion: The firm reports "Discretionary" authority for the vast majority of holdings, with some positions marked as "Shared" or "None" regarding voting authority.
Material Changes and Portfolio Activity
The filing lists holdings as of the period end. It does not provide a comparative table against the prior quarter (March 31, 2016) to explicitly quantify net purchases or sales within this document. However, the presence of specific share counts indicates the firm's active management of a diversified portfolio spanning technology, healthcare, financials, and energy sectors.
Guidance, Outlook, and Risks
Management Commentary: This filing contains no management commentary, forward-looking guidance, or strategic outlook. It is a statutory disclosure of holdings only.
Risks and Contingencies: The filing includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy. No specific risk factors or contingencies related to Hilltop Holdings' operations are disclosed in this form.
Investor Verification Checklist
- Verify the total aggregate value of the portfolio by summing the "Value" column (Column 4) to assess the scale of assets under management.
- Compare these holdings against the previous quarter's 13F filing to identify significant sector rotations or new positions.
- Review the "Voting Authority" columns to understand the extent of Hilltop's influence over the companies in which it invests.
- Note that this filing does not disclose Hilltop Holdings' own financial performance (revenue, profit, or debt); refer to Form 10-Q or 10-K for that data.