SEC Filing Summary: Lloyds Banking Group Plc (13F-HR)
Business Context and Reporting Period
This Form 13F-HR is a quarterly holdings report filed by Lloyds Banking Group Plc, an institutional investment manager based in Edinburgh, Scotland. The report covers the calendar quarter ended September 28, 2012, and was signed on November 13, 2012. The filing includes holdings managed by Lloyds Banking Group and three other included managers: Scottish Widows Investment Partnership Limited, Lloyds TSB Offshore Private Clients Limited, and Lloyds TSB Offshore Limited.
Key Financial Metrics
As this is a Form 13F filing, it reports equity holdings rather than the operating financial performance (revenue, profit, cash flow) of Lloyds Banking Group itself. The key metrics provided relate to the investment portfolio:
- Total Portfolio Value: $9,436,217 (in thousands), totaling approximately $9.44 billion.
- Total Number of Holdings: 631 entries.
- Number of Included Managers: 3 additional managers reported alongside the primary filer.
- Top Holdings by Value:
- Pfizer Inc: $7,990,323 (thousands)
- Wells Fargo & Co: $6,699,896 (thousands)
- Interpublic Group Cos Inc: $6,553,122 (thousands)
- General Electric Co: $6,079,410 (thousands)
- Bank of America Corp: $5,490,252 (thousands)
Material Changes and Portfolio Composition
The filing does not provide comparative data against the prior quarter (June 30, 2012) to determine material changes in position size or total portfolio value. The portfolio is heavily weighted toward large-cap U.S. equities across diverse sectors including Financials, Healthcare, Technology, and Energy. Significant positions are held in major banks (Wells Fargo, Bank of America, Citigroup, JPMorgan Chase) and pharmaceutical companies (Pfizer, Merck, Johnson & Johnson).
Guidance, Outlook, and Risks
Form 13F filings are statutory disclosures of holdings and do not contain management commentary, forward-looking guidance, or risk factors regarding the reporting manager's own business operations. No outlook or contingency information is present in this document.
Investor Verification Checklist
- Verify the total portfolio value of ~$9.44 billion against the firm's total assets under management (AUM) to understand the scope of this specific reporting entity.
- Confirm the breakdown of holdings between the primary manager (Lloyds Banking Group) and the three included managers (Scottish Widows, Lloyds TSB Offshore entities) to assess concentration risk.
- Review the top 10 holdings to understand sector exposure, noting the significant weight in the Financial and Healthcare sectors.
- Note that this filing reflects positions as of September 28, 2012, and does not reflect subsequent trading activity.