SEC Filing Summary: Form 13F-HR
Business Context and Reporting Period
Reporting Manager: Regions Bank (filing on behalf of Regions Financial Corp and Morgan Asset Management Inc.)
Reporting Period: Quarter ended June 30, 2008
Filing Date: August 12, 2008
Report Type: 13F Holdings Report (combined with Notices for included managers)
Context: This filing discloses the equity securities held by the institutional investment manager at the end of the second quarter of 2008. The report includes holdings managed by Regions Bank and Morgan Asset Management Inc.
Key Financial Metrics
Total Portfolio Value: $7,934,785 (as reported in the summary table; note: this figure appears to represent a subset or specific reporting category given the extensive list of holdings, as individual large-cap positions like Exxon Mobil and General Electric exceed this total when aggregated across all entries).
Total Number of Holdings: 2,292 entries.
Top Sector Exposure: The portfolio is heavily diversified across Financials, Energy, Healthcare, Technology, and Consumer Staples.
Notable Large Positions (by share count/value implication):
- Financials: Wells Fargo & Co, Bank of America, JPMorgan Chase, Citigroup, Regions Financial Corp (significant internal holding).
- Energy: Exxon Mobil Corp, Chevron Corp, ConocoPhillips, Schlumberger Ltd.
- Healthcare: Johnson & Johnson, Pfizer Inc, Merck & Co, UnitedHealth Group.
- Technology: Microsoft Corp, Intel Corp, Cisco Systems, Oracle Corp.
- Consumer: Wal-Mart Stores, Procter & Gamble, Coca-Cola Co.
Material Changes
Comparison to Prior Period: The filing text provided does not contain the prior quarter's (March 31, 2008) data or a comparative table. Therefore, specific material changes in position size, new acquisitions, or divestitures cannot be quantified from this document alone.
Guidance, Outlook, and Risks
Management Commentary: Form 13F filings are statutory disclosures of holdings and do not contain management guidance, earnings outlook, or strategic commentary.
Risks and Contingencies: No specific risks or contingencies are disclosed in this form. The filing reflects the portfolio composition as of June 30, 2008, a period preceding the peak of the 2008 financial crisis, with significant exposure to major financial institutions and energy companies.
Investor Verification Checklist
- Portfolio Valuation: Verify the total asset value under management (AUM) against the $7.9M summary figure, as the aggregate value of the listed large-cap positions (e.g., Exxon, GE, Microsoft) likely exceeds this summary total, suggesting the summary may reflect a specific subset or reporting unit.
- Concentration Risk: Assess the concentration in the Financial sector, given the significant holdings in Wells Fargo, Bank of America, and Citigroup during a volatile market period.
- Internal Holdings: Note the substantial position in Regions Financial Corp itself, indicating significant internal investment or employee benefit plan holdings.
- Manager Attribution: Confirm which specific holdings are attributed to Regions Bank versus Morgan Asset Management Inc., as the filing combines data from both entities.