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 30, 2011, and was signed on October 21, 2011. The filing includes holdings managed by Lloyds Banking Group Plc 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 a 13F filing, this document reports equity holdings rather than the operating financial performance (revenue, profit, cash flow) of Lloyds Banking Group itself. The key metrics reported are:
- Total Portfolio Value: $7,806,820,000 (approx. $7.8 billion).
- Total Number of Holdings: 661 distinct entries.
- Exchange Rate Used: 1.5579 (GBP to USD).
- Top Holdings by Value:
- Interpublic Group Cos Inc: $8,738,514
- Pfizer Inc: $8,871,782
- Wells Fargo & Co: $5,623,580
- General Electric Co: $5,504,308
- JDS Uniphase Corp: $5,850,614
Note: Revenue, profit, margins, debt, and liquidity figures for Lloyds Banking Group are not contained in this filing.
Material Changes and Portfolio Composition
The filing lists 661 positions across various sectors, with a heavy concentration in U.S. equities. The portfolio includes significant positions in financial services (Wells Fargo, Bank of America, Citigroup), healthcare (Pfizer, Johnson & Johnson, UnitedHealth Group), and technology (Microsoft, Oracle, Intel). The report does not provide a comparative table against the prior quarter (June 30, 2011) to explicitly quantify material changes in share counts or values for specific issuers.
Guidance, Outlook, and Risks
This filing is a statutory disclosure of holdings and does not contain management commentary, forward-looking guidance, risk factors, or contingency plans regarding Lloyds Banking Group's own business operations. The "Voting Authority" column indicates that for the vast majority of holdings, the manager has "Sole" or "Shared" discretion, with "Defined" authority noted for specific entries.
Investor Verification Checklist
- Verify the total portfolio value of $7.8 billion against the bank's total assets to understand the scale of this specific investment mandate.
- Confirm the exchange rate of 1.5579 used for converting GBP holdings to USD.
- Review the "Other Included Managers" list to ensure the scope of the reported assets aligns with the specific investment arm being analyzed.
- Note that this document does not reflect Lloyds Banking Group's own financial health (e.g., loan book quality, capital ratios); refer to the bank's 10-K or Annual Report for those metrics.