SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Toronto-Dominion Bank (TD)
Filing Type: Form 13F Information Table (Schedule 13F)
Reporting Period: Quarter ended September 30, 2020
Context: This filing discloses the equity securities held by Toronto-Dominion Bank at the end of the reporting period. As a Form 13F, it details holdings of stocks, options, and warrants with a market value exceeding $100,000. It does not contain the bank's own financial performance metrics (revenue, profit, etc.) but rather its investment portfolio composition.
Key Financial Metrics and Portfolio Composition
Revenue, Profit, Cash Flow, Margins, Debt, Liquidity: The filing text does not provide these metrics. Form 13F is a disclosure of holdings, not a financial statement of the filer's operations.
Portfolio Highlights (Selected Holdings by Value):
- Apple Inc: 8,784,160 shares (Sole Discretion)
- Microsoft Corp: 5,600,358 shares (Sole Discretion)
- Amazon.com Inc: 245,286 shares (Sole Discretion)
- Facebook Inc: 2,280,974 shares (Sole Discretion)
- Alphabet Inc (Class A & C): Combined ~572,903 shares (Sole Discretion)
- Bank of America Corp: 5,667,772 shares (Sole Discretion)
- Wells Fargo & Co: 4,999,399 shares (Sole Discretion)
- Canadian Imperial Bank of Commerce: 5,391,613 shares (Sole Discretion)
- Royal Bank of Canada: 3,462,155 shares (Sole Discretion)
- Bank of Nova Scotia: 3,350,000 shares (Sole Discretion)
- TD Ameritrade Holding Corp: 9,160,845 shares (Shared Discretion)
Derivatives: The portfolio includes significant positions in Put and Call options on various issuers, including ISHARES SILVER TRUST, SPDR GOLD TRUST, and major Canadian banks (RBC, BMO, BNS, TD).
Material Changes vs. Prior Period
The filing text does not provide comparative data against the prior quarter (June 30, 2020). Therefore, material changes in holdings cannot be determined from this document alone.
Guidance, Outlook, and Risks
Guidance/Outlook: Not applicable. This is a regulatory disclosure of past holdings, not a forward-looking earnings release.
Risks/Contingencies: The filing includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy or completeness. The portfolio shows exposure to significant market volatility through holdings in technology, financials, and energy sectors, as well as commodity-linked ETFs (Gold, Silver).
Important Facts for Investor Verification
- Investment Strategy: TD holds substantial positions in major US technology firms (Apple, Microsoft, Amazon) and US financial institutions (Bank of America, Wells Fargo), alongside heavy exposure to the Canadian banking sector.
- Discretionary Authority: Most holdings are listed under "Sole" discretion, indicating TD's investment managers have full control over these assets. Some positions (e.g., TD Ameritrade) are listed under "Shared" discretion.
- Derivatives Usage: The bank utilizes options (Puts and Calls) on commodities (Gold, Silver) and equities, suggesting active hedging or speculative strategies within the portfolio.
- Limitations: This document does not reflect TD's own earnings, loan book quality, or capital adequacy. Investors seeking operational performance should refer to TD's 10-K or 10-Q filings.