Business Context and Reporting Period
This Form 13F-HR filing covers the calendar quarter ended December 31, 2012, submitted by Hilltop Holdings Inc. on February 14, 2013. The report discloses equity holdings managed by Hilltop Holdings Inc. and two other included managers: PlainsCapital Corporation and PlainsCapital Bank. The filing represents a 13F Holdings Report, indicating that all holdings of the reporting manager are included herein.
Key Financial Metrics
As a Form 13F filing, this document reports portfolio holdings rather than the operating financial performance (revenue, profit, cash flow) of Hilltop Holdings Inc. itself. Key portfolio metrics include:
- Total Portfolio Value: $104,457,000 (reported in thousands).
- Total Number of Holdings: 138 entries.
- Number of Included Managers: 2 (PlainsCapital Corporation and PlainsCapital Bank).
- Top Holdings by Value:
- SWS Group Inc.: $7,805,000 (1,475,387 shares).
- Hilltop Holdings Inc.: $4,644,000 (342,997 shares).
- Kayne Anderson MLP Investment Co.: $3,841,000 (130,371 shares).
- Ishares Tr Barclays 1-3Yr Cr: $4,428,000 (41,988 shares).
- Ishares Tr Barclays Mbs Bd: $3,940,000 (36,491 shares).
Material Changes Versus Prior Period
The filing text provided does not contain comparative data for the prior quarter or year. Consequently, material changes in holdings, value, or strategy versus the prior comparable period cannot be determined from this document alone.
Guidance, Outlook, and Risks
This filing is a statutory disclosure of equity holdings and does not contain management commentary, forward-looking guidance, risk factors, or contingencies regarding the company's future operations or market outlook. The filing confirms that the person signing the report (Corey G. Prestidge, General Counsel and Secretary) is authorized and that the information is true and correct.
Important Facts for Investor Verification
- Self-Holding: Hilltop Holdings Inc. holds a significant position in its own stock ($4.6 million), representing a notable portion of the reported portfolio.
- Concentration: The portfolio includes substantial positions in specific sectors, including financials (SWS Group, Select Sector SPDRs) and energy-related MLPs (Kayne Anderson).
- Managerial Scope: The report aggregates holdings for Hilltop Holdings Inc. and two affiliated entities (PlainsCapital Corporation and PlainsCapital Bank), suggesting a consolidated view of the firm's investment activities.
- Lack of Operational Data: Investors seeking revenue, earnings, or debt metrics for Hilltop Holdings Inc. must refer to 10-K or 10-Q filings, as this 13F only details external equity investments.