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 June 30, 2023
Context: This filing discloses the equity securities held by Regions Financial Corp at the end of the second quarter of 2023. It details the issuer, class of security, CUSIP, value, and voting authority for each holding.
Key Financial Metrics
Revenue, Profit, Cash Flow, Margins, Debt, Liquidity: The filing text does not provide a clear value for these metrics. Form 13F is a disclosure of investment holdings and does not contain the reporting company's operational financial statements.
Portfolio Composition: The portfolio consists of a diversified mix of individual equities and Exchange Traded Funds (ETFs). Significant holdings include:
- Technology: Microsoft Corp, Apple Inc, Alphabet Inc, NVIDIA Corp, Amazon.com Inc.
- Financials: JPMorgan Chase & Co, Bank of America Corp, Berkshire Hathaway Inc, Regions Financial Corp (own stock).
- Healthcare: UnitedHealth Group Inc, Eli Lilly & Co, Johnson & Johnson, Merck & Co Inc.
- Energy: Exxon Mobil Corp, Chevron Corp, NextEra Energy.
- Consumer: Walmart Inc, The Home Depot Inc, Procter & Gamble Co.
- ETFs: Significant allocations to iShares, BlackRock, and Vanguard ETFs covering S&P 500, Total Stock Market, and various bond indices.
Material Changes
Comparison to Prior Period: The filing text does not provide a clear value for material changes versus the prior comparable period. Form 13F filings list current holdings but do not explicitly state the net change in value or share count from the previous quarter within the text body provided.
Guidance, Outlook, and Risks
Management Commentary: The filing text does not provide a clear value for guidance, outlook, or management commentary. This form is a statutory disclosure of holdings and contains no narrative from management regarding future strategy or performance expectations.
Risks and Contingencies: The filing text does not provide a clear value for specific risks or contingencies. However, the portfolio is exposed to general market risks inherent in holding a broad spectrum of U.S. and international equities and fixed-income securities.
Important Facts for Investor Verification
- Self-Holding: Regions Financial Corp holds a significant position in its own common stock (Regions Financial Corp COM), with over 1.8 million shares held with sole voting authority and over 740,000 shares with shared voting authority.
- Concentration: The portfolio shows heavy concentration in large-cap U.S. equities and passive index funds (ETFs), suggesting a strategy aligned with broad market performance rather than aggressive active stock picking.
- Voting Authority: The filing distinguishes between "Sole," "Shared," and "Discretionary" (DFND) voting authority, indicating that a portion of the holdings may be managed on behalf of clients or in joint accounts.
- Valuation: Values are reported to the nearest dollar as of the reporting date (June 30, 2023) and do not reflect subsequent market movements.