SEC Filing Summary: Westwood Holdings Group Inc.
Business Context and Reporting Period
Filing Type: Form 13F Information Table
Company: Westwood Holdings Group Inc.
Reporting Period: Quarter ended June 30, 2020
Context: This filing discloses the equity and debt securities held by Westwood Holdings Group Inc. as a registered investment manager. The document lists individual holdings, share counts, and voting authority but does not contain the company's own operational financial statements (e.g., revenue, profit, or cash flow).
Key Financial Metrics
Revenue, Profit, Cash Flow, Margins, Debt, Liquidity: The filing text does not provide a clear value for these metrics. Form 13F filings are designed to report portfolio holdings, not the financial performance of the reporting manager.
Portfolio Composition: The portfolio consists of a diversified mix of common stocks, preferred stocks, corporate bonds, and exchange-traded funds (ETFs). Significant holdings include:
- Technology: Apple Inc. (364,007 shares), Microsoft Corp (673,904 shares), Alphabet Inc (Class A & C), Amazon.com Inc.
- Financials: JPMorgan Chase & Co (1,330,509 shares), Bank of America Corp (4,288,217 shares), Wells Fargo Co (2,438,989 shares).
- Healthcare: Johnson & Johnson (705,761 shares), UnitedHealth Group Inc (204,593 shares), Merck & Co.
- Fixed Income: Significant principal amounts in corporate notes (e.g., Teva Pharmaceutical, Weibo Corp, Zillow Group).
Material Changes
Comparison to Prior Period: The filing text does not provide a clear value for changes versus the prior comparable period. Form 13F tables list current holdings but do not explicitly state the delta from the previous quarter within the provided text.
Guidance, Outlook, and Risks
Management Commentary: Not applicable. This is a regulatory disclosure of holdings, not an earnings release or management discussion.
Risks and Contingencies: The filing includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy or completeness. The portfolio is exposed to market risks inherent in the listed sectors (Technology, Financials, Energy, Real Estate).
Unusual Items: The portfolio includes a mix of "Sole," "Shared," and "None" voting authority, indicating varied levels of control over the reported securities. Several holdings are listed with "DFND" (Discretionary) investment authority.
Investor Verification Checklist
- Verify the total aggregate market value of the portfolio by summing the "Value" column (x$1,000) for all listed securities.
- Confirm the breakdown of voting authority (Sole vs. Shared) for the largest positions to understand the firm's influence.
- Check for any "None" voting authority positions, which may indicate derivative positions or specific trust structures.
- Review the specific CUSIPs for fixed income holdings to verify maturity dates and coupon rates not fully detailed in the summary table.
- Compare the top 10 holdings against the firm's stated investment strategy (if available in other filings) to ensure alignment.