SEC Filing Summary: Form 13F-HR
Business Context and Reporting Period
Reporting Manager: Regions Bank (Institutional Investment Manager)
Filing Type: Form 13F Holdings Report
Reporting Period: Quarter ended September 30, 2012
Submission Date: November 12, 2012
Signatory: James E. Meigs, Executive Vice President
This filing discloses the equity securities held by Regions Bank at the end of the third quarter of 2012. The report includes holdings managed directly by Regions Bank and one other included manager (Regions Bank, File No. 085-00829).
Key Financial Metrics
Note: As a Form 13F, this filing reports portfolio holdings rather than the operating financial performance (revenue, profit, cash flow) of the reporting manager itself.
- Total Portfolio Value: $6,840,499 (Reported in thousands, representing approximately $6.84 billion)
- Total Number of Holdings: 1,698 entries
- Top Holdings by Value (Selected):
- Exxon Mobil Corp: $161,020,000
- Johnson & Johnson: $88,430,000
- Procter & Gamble Co: $71,436,000
- Verizon Communications: $80,824,000
- Regions Financial Corp (Self-Holding): $30,017,000
- Microsoft Corp: $48,654,000
- Apple Inc: $48,305,000
- General Electric: $90,841,000
Material Changes and Portfolio Composition
The filing provides a snapshot of holdings as of September 30, 2012. It does not contain comparative data against the prior quarter (June 30, 2012) within this specific document text; therefore, material changes in position size cannot be calculated from this source alone.
Portfolio Characteristics:
- Diversification: The portfolio is highly diversified across sectors including Energy (Exxon, Chevron, ConocoPhillips), Healthcare (J&J, Pfizer, Merck), Technology (Microsoft, Apple, Cisco), and Financials (JPMorgan, Wells Fargo, Bank of America).
- Investment Style: Significant allocation to large-cap dividend-paying stocks and Exchange Traded Funds (ETFs), including substantial positions in SPDR S&P 500 ETF and various iShares funds.
- Voting Authority: The manager reports "Sole" voting authority for the majority of defined positions, with "Shared" or "None" authority noted for specific tranches.
Guidance, Outlook, and Risks
Guidance and Outlook: This filing does not contain management commentary, forward-looking guidance, or strategic outlook statements. It is a statutory disclosure of past holdings.
Risks and Contingencies: No specific risk factors or contingencies are disclosed in this form. The filing represents a static list of securities and does not address market risks, credit risks, or liquidity constraints associated with the portfolio.
Key Facts for Investor Verification
- Self-Holding: Regions Bank holds a significant position in its own parent company, Regions Financial Corp (approx. $30 million reported in this specific table entry, though total exposure may be higher across entries).
- Concentration: The top 10 holdings represent a substantial portion of the reported $6.84 billion value, indicating a concentration in large-cap blue-chip equities.
- ETF Exposure: The portfolio includes heavy utilization of passive investment vehicles (SPDRs, iShares), suggesting a core-satellite investment strategy.
- Data Limitation: Investors should note that Form 13F data is reported with a 45-day lag and does not reflect real-time trading activity or current market values.