SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Lloyds Banking Group Plc (Reporting Manager)
Filing Type: Form 13F Information Table
Reporting Period: Quarter ended September 30, 2013
Context: This filing discloses the equity securities held by Lloyds Banking Group Plc as of the end of the third quarter of 2013. The filing lists individual holdings, including issuer names, CUSIP numbers, share quantities, and market values. It does not contain the bank's own financial performance metrics (revenue, profit, etc.), but rather its investment portfolio composition.
Key Financial Metrics and Portfolio Composition
The filing provides a detailed list of equity holdings. While aggregate portfolio value is not explicitly summarized in the text, the following observations can be made from the data:
- Asset Class: Primarily U.S. common stocks (COM), with some Exchange Traded Funds (ETFs) and American Depositary Receipts (ADRs).
- Top Holdings by Share Count (Selected):
- KeyCorp: 9,548,130 shares
- General Electric Co: 6,212,328 shares
- Bank of America Corp: 6,858,815 shares
- Microsoft Corp: 4,595,770 shares
- Pfizer Inc: 4,518,721 shares
- Wells Fargo & Co: 3,314,213 shares
- AT&T Inc: 3,358,860 shares
- Top Holdings by Value (Selected):
- KeyCorp: $108,848,000
- General Electric Co: $148,412,000
- Bank of America Corp: $94,651,000
- Microsoft Corp: $153,085,000
- Pfizer Inc: $129,732,000
- Wells Fargo & Co: $136,943,000
- AT&T Inc: $113,596,000
- Voting Authority: The vast majority of holdings are reported with "Sole" voting authority (Code 1). Some holdings show "Shared" (Code 11) or "None" (Code 10) authority, typically associated with specific tranches or ETFs.
Material Changes Versus Prior Period
Not Applicable: This filing is a snapshot of holdings as of September 30, 2013. The provided text does not include comparative data from the prior quarter (June 30, 2013) or year-over-year figures. Therefore, material changes in position size or portfolio composition cannot be determined from this document alone.
Guidance, Outlook, and Risks
Not Applicable: Form 13F filings are regulatory disclosures of holdings and do not contain management commentary, forward-looking guidance, risk factors, or contingency plans regarding the reporting company's own operations. The filing includes a standard disclaimer that the SEC has not reviewed the information for accuracy.
Important Facts for Investor Verification
- Portfolio Concentration: Verify the concentration risk in the financial sector, given significant holdings in KeyCorp, Bank of America, Wells Fargo, Citigroup, and American International Group.
- Valuation Basis: Confirm that the "Value" column represents the market value at the end of the reporting period (September 30, 2013) and not the cost basis.
- Reporting Entity: Ensure the distinction is clear that these are assets held by Lloyds Banking Group, not the financial results of Lloyds Banking Group.
- Discretionary Authority: Note that most positions are marked as "Discretionary" (DFND), indicating the manager has full control over trading decisions for these assets.
- Missing Aggregates: The total value of the portfolio is not explicitly stated in the text; it must be calculated by summing the individual line items if a total exposure figure is required.