SEC Filing Summary: Form 13F-HR
Business Context and Reporting Period
Reporting Manager: Regions Bank (acting as Institutional Investment Manager for Regions Financial Corp)
Filing Type: Form 13F Holdings Report
Reporting Period: Quarter ended June 30, 2012
Submission Date: August 12, 2012
Signatory: James E. Meigs, Executive Vice President
This filing discloses the equity securities held by Regions Bank at the end of the second quarter of 2012. The report includes holdings managed directly by Regions Bank and one other included manager (also Regions Bank under a different file number).
Key Financial Metrics
Note: Form 13F filings disclose portfolio holdings, not the operating financial results (revenue, profit, cash flow) of the reporting institution itself.
- Total Portfolio Value: $6,570,890 (in thousands, representing approximately $6.57 billion)
- Total Number of Holdings: 1,814 entries
- Number of Included Managers: 1
- Asset Classes: Primarily common stock (SH), preferred stock (PRN), and mutual funds/ETFs (MUT).
Material Changes and Portfolio Composition
The filing provides a snapshot of holdings rather than a comparative analysis of changes from the prior period. However, the portfolio demonstrates significant diversification across sectors including Financials, Energy, Healthcare, Technology, and Consumer Staples.
Notable Large Positions (by reported value):
- Exxon Mobil Corp: ~$156 million (Defined) + ~$60 million (Other)
- Johnson & Johnson: ~$84 million (Defined) + ~$24 million (Other)
- Verizon Communications: ~$78 million (Defined) + ~$21 million (Other)
- Procter & Gamble: ~$63 million (Defined) + ~$17 million (Other)
- Regions Financial Corp (Self-Holding): ~$28 million (Defined) + ~$21 million (Other)
- SPDR S&P 500 ETF: ~$197 million (Defined) + ~$2.5 million (Other)
Guidance, Outlook, and Risks
Management Commentary: Not applicable. Form 13F is a regulatory disclosure of holdings and does not contain management discussion, financial guidance, or outlook statements.
Risks and Contingencies: The filing does not disclose specific risk factors or contingencies. The portfolio composition indicates exposure to market volatility across major industrial and consumer sectors. Significant holdings in energy (Exxon, Chevron, ConocoPhillips) and financials (JPMorgan, Bank of America, Wells Fargo) suggest sensitivity to commodity prices and interest rate environments.
Key Facts for Investor Verification
- Self-Holding: Regions Bank holds a significant position in its own parent company, Regions Financial Corp (approx. $49.8 million total value).
- Concentration: The top 10 holdings represent a substantial portion of the reported $6.57 billion portfolio value.
- Investment Authority: The report distinguishes between "Sole" voting authority and "Shared" or "None" authority, indicating the bank manages assets with varying degrees of control, likely including client accounts.
- Valuation Basis: Values are reported in thousands of dollars; investors should verify the exact share counts against market prices as of June 30, 2012, to confirm current valuations.