SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Regions Financial Corp
Filing Type: Form 13F Information Table (Schedule of Holdings)
Reporting Period: As of September 30, 2023
Context: This filing discloses the equity securities held by Regions Financial Corp (or its investment management subsidiaries) at the end of the third quarter of 2023. It details the number of shares, value, and voting authority for a diversified portfolio of U.S. and international equities and ETFs.
Key Financial Metrics and Portfolio Composition
Revenue, Profit, Cash Flow, Margins, Debt, Liquidity: The filing text does not provide a clear value for these operational metrics. Form 13F is a disclosure of holdings, not a financial statement of the filer's own operations.
Portfolio Highlights (Selected Top Holdings by Value):
- Microsoft Corp: 1,349,820 shares (Sole + Discretionary); Value approx. $426M
- Apple Inc: 1,719,270 shares (Sole + Discretionary); Value approx. $296M
- Amazon.com Inc: 817,612 shares (Sole + Discretionary); Value approx. $102M
- Alphabet Inc (Class A & C): Combined holdings approx. 1.1M shares; Value approx. $145M
- Exxon Mobil Corp: 1,819,734 shares (Sole + Discretionary); Value approx. $183M
- JPMorgan Chase & Co: 1,217,362 shares (Sole + Discretionary); Value approx. $102M
- Regions Financial Corp (Self-Holding): 2,485,546 shares (Sole + Discretionary); Value approx. $31M
Asset Class Mix: The portfolio includes significant allocations to Exchange Traded Funds (ETFs) from providers such as BlackRock (iShares), Vanguard, and State Street (SPDR), covering broad market indices, sectors (Technology, Healthcare, Financials), and fixed income.
Material Changes vs. Prior Period
The filing text does not provide a clear value for changes compared to the prior quarter. Form 13F tables list current holdings but do not explicitly state the net change in shares or value from the previous reporting period within the text provided.
Guidance, Outlook, and Risks
Management Commentary: Not applicable. This is a statutory disclosure of holdings and contains no management discussion or analysis.
Guidance/Outlook: Not applicable.
Risks/Contingencies: The filing includes a standard disclaimer that the SEC has not reviewed the information for accuracy. The portfolio is subject to market risk inherent in equity and fixed-income investments. Voting authority is split between "Sole," "Shared," and "Discretionary" (DFND) categories, indicating varying levels of control over the securities.
Important Facts for Investor Verification
- Self-Holding: Regions Financial Corp holds a significant position in its own common stock (approx. 2.5 million shares combined), which may indicate share buyback activity or internal treasury management.
- Concentration: The portfolio is heavily weighted toward large-cap U.S. technology and financial stocks, as well as broad market ETFs.
- Voting Authority: A substantial portion of the holdings are listed under "Discretionary" (DFND) authority, suggesting these assets may be managed on behalf of clients rather than held for the company's own account.
- Data Limitation: This document does not contain Regions Financial Corp's own financial performance (revenue, earnings, capital ratios) for the quarter; investors must refer to the company's 10-Q or 10-K for that data.