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 March 31, 2011
Submission Date: May 12, 2011
Scope: This filing discloses equity securities held by Regions Bank and one other included manager (Regions Bank, File No. 085-00829). The report covers 1,912 distinct security entries.
Key Financial Metrics
Total Portfolio Value: $7,188,330 (in thousands, approx. $7.19 billion)
Total Number of Holdings: 1,912 entries
Asset Class: Primarily U.S. and foreign common stocks, preferred stocks, and partnership interests. The filing does not disclose cash flow, debt, or liquidity metrics as it is a holdings report, not a financial statement.
Material Holdings and Composition
The portfolio is heavily diversified across sectors, with significant concentrations in financials, energy, technology, and consumer staples. Notable top holdings by reported value include:
- Exxon Mobil Corp: $173,726,000 (Defined) + $67,913,000 (Discretionary/Other)
- General Electric Co: $87,521,000 (Defined) + $24,022,000 (Discretionary/Other)
- Procter & Gamble Co: $74,856,000 (Defined) + $23,306,000 (Discretionary/Other)
- Johnson & Johnson: $77,856,000 (Defined) + $22,483,000 (Discretionary/Other)
- Regions Financial Corp: $40,705,000 (Defined) + $31,113,000 (Discretionary/Other)
- Oracle Corp: $63,172,000 (Defined) + $10,013,000 (Discretionary/Other)
- Microsoft Corp: $64,862,000 (Defined) + $14,240,000 (Discretionary/Other)
- Verizon Communications: $75,098,000 (Defined) + $18,928,000 (Discretionary/Other)
The portfolio also contains significant positions in energy (Chevron, ConocoPhillips, Halliburton), technology (Cisco, Intel, Apple), and financial services (J.P. Morgan, Bank of America, Wells Fargo).
Material Changes and Guidance
Material Changes: As a Form 13F, this document provides a snapshot of holdings at the end of the quarter. It does not explicitly state the volume of purchases or sales compared to the prior quarter (Q4 2010) within the text provided; such analysis requires comparing this filing to the previous 13F submission.
Guidance and Outlook: This filing type does not contain management commentary, earnings guidance, or forward-looking statements regarding the company's own operations or the market outlook.
Risks and Contingencies: No specific risk factors or contingencies are disclosed in this form. The filing is a statutory disclosure of securities ownership.
Investor Verification Checklist
- Verify the total portfolio value of approximately $7.19 billion against the bank's total assets to determine the size of the investment portfolio relative to the balance sheet.
- Compare the top 10 holdings listed here against the Q4 2010 13F filing to identify significant sector rotations or position changes.
- Note the significant holding in Regions Financial Corp (the parent company), totaling over $71 million, indicating a substantial internal or affiliate position.
- Review the "Discretionary" vs. "Defined" voting authority columns to understand the split between managed client accounts and proprietary bank accounts.
- Confirm the absence of derivative positions (puts/calls) in the summary table, as the filing primarily lists long equity positions.