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: Quarter ended September 30, 2019
Context: This filing discloses the equity securities held by Regions Financial Corp as of the end of the third quarter of 2019. It details the issuer, class of security, CUSIP, value, share count, 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 common stocks, American Depositary Receipts (ADRs), and Exchange Traded Funds (ETFs). Holdings span multiple sectors including Financials, Technology, Healthcare, Energy, and Consumer Staples.
Material Changes and Portfolio Highlights
As this is a snapshot of holdings at a specific date, material changes versus a prior period cannot be calculated from this document alone. However, the following significant positions were held as of September 30, 2019:
- Top Equity Holdings (by Value):
- Microsoft Corp: $1,283,937,000 (Sole Discretion)
- Apple Inc: $502,170,000 (Sole Discretion)
- Alphabet Inc (Class A): $32,210,000 (Sole Discretion)
- Amazon.com Inc: $31,387,000 (Sole Discretion)
- Exxon Mobil Corp: $1,597,335,000 (Sole Discretion)
- Johnson & Johnson: $293,679,000 (Sole Discretion)
- Regions Financial Corp (Self-Holding): $2,272,868,000 (Sole Discretion)
- Significant ETF Positions:
- iShares Core S&P 500 ETF: $1,261,360,000 (Sole Discretion)
- Vanguard FTSE Developed Markets ETF: $2,907,647,000 (Sole Discretion)
- BlackRock MSCI EAFE ETF: $1,692,746,000 (Sole Discretion)
- Voting Authority: The majority of holdings are reported under "Sole" voting authority, indicating direct control over voting decisions for those shares. A portion of holdings are reported under "Discretionary" authority.
Guidance, Outlook, and Risks
Guidance and Outlook: The filing text does not provide a clear value for management guidance or future outlook. Form 13F is a historical record of holdings and does not include forward-looking statements.
Risks and Contingencies: The filing includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy or completeness. The portfolio is subject to market risks inherent in equity and ETF investments, including sector concentration risks (notably in Financials and Technology) and currency risks associated with international ADRs.
Important Facts for Investor Verification
- Self-Holding: Regions Financial Corp holds a significant position in its own stock ($2.27 billion), which should be verified against the company's treasury stock records.
- Concentration Risk: Verify the impact of large positions in specific sectors (e.g., Energy with Exxon Mobil and Chevron; Technology with Microsoft and Apple) on the overall risk profile.
- ETF Exposure: A substantial portion of the portfolio is allocated to broad market ETFs (e.g., S&P 500, MSCI EAFE), which may indicate a passive investment strategy for a significant asset base.
- Voting Rights: Confirm the extent of "Sole" versus "Discretionary" voting authority to understand the level of active engagement in corporate governance for the reported holdings.
- Data Limitations: Investors should note that this filing does not reflect the company's own financial health (revenue, earnings, debt) and must be cross-referenced with the company's 10-Q or 10-K filings for operational metrics.