SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Regions Financial Corp
Filing Type: Form 13F Information Table (Quarterly Report of Holdings)
Reporting Period: Ended September 30, 2022
Context: This filing discloses the equity securities held by Regions Financial Corp at the end of the third quarter of 2022. As a Form 13F, this document details investment holdings rather than the company's own operational financial performance (revenue, profit, etc.).
Key Financial Metrics and Holdings
The filing provides a comprehensive list of equity holdings, categorized by voting authority (Sole, Shared, or Discretionary). Key metrics include:
- Total Holdings: The table lists hundreds of individual positions across various sectors including Technology, Financials, Healthcare, and Energy.
- Valuation: Values are reported in thousands of dollars (Column 4).
- Share Counts: Reported in actual shares or principal amounts (Column 3).
- Voting Authority: Holdings are split between "Sole" (Regions Financial Corp has sole voting power), "Shared" (shared voting power), and "Discretionary" (DFND - Discretionary).
Material Changes and Top Holdings
While the filing does not explicitly state percentage changes from the prior quarter, the following represent the largest positions by reported value in this period:
- BlackRock Advisors LLC (Core S&P SCP ETF): Sole authority holding valued at approximately $3.18 billion (3,177,112 shares).
- BlackRock Advisors LLC (Core MSCI EMKT): Sole authority holding valued at approximately $847.6 million (847,610 shares).
- BlackRock Fund Advisors (MSCI EAFE ETF): Sole authority holding valued at approximately $2.19 billion (2,188,839 shares).
- Exxon Mobil Corp: Sole authority holding valued at approximately $1.51 billion (1,509,070 shares).
- Microsoft Corp: Sole authority holding valued at approximately $979 million (978,965 shares).
- Apple Inc: Sole authority holding valued at approximately $1.48 billion (1,484,191 shares).
- Regions Financial Corp (Own Stock): Significant holdings in its own stock, with Sole authority valued at approximately $1.92 billion (1,917,377 shares).
Guidance, Outlook, and Risks
Guidance and Outlook: This filing type (Form 13F) does not contain management commentary, forward-looking guidance, or strategic outlooks. It is a statutory disclosure of past holdings.
Risks and Contingencies: The filing includes a standard disclaimer stating that the SEC has not reviewed the information for accuracy or completeness. No specific operational risks or contingencies are detailed in this table.
Important Facts for Investors to Verify
- Investment Strategy: The portfolio is heavily weighted toward passive index funds (BlackRock/iShares, Vanguard, SPDR), suggesting a significant portion of assets is managed via ETFs rather than active stock picking.
- Concentration: Verify the concentration risk in the top 10 holdings, which include major tech giants (Apple, Microsoft, Alphabet) and energy majors (Exxon, Chevron).
- Self-Holding: Note the substantial position in Regions Financial Corp's own common stock, which may impact capital allocation strategies.
- Discretionary vs. Sole: Distinguish between holdings where Regions has sole voting power versus those managed discretionarily, as this impacts corporate governance influence.