SEC Filing Summary: Westwood Holdings Group Inc
Business Context and Reporting Period
Filing Type: Form 13F Information Table
Company: Westwood Holdings Group Inc (Investment Manager)
Reporting Period: Quarter ended March 31, 2016
Context: This filing discloses the equity securities held by Westwood Holdings Group Inc as of the end of the first quarter of 2016. It details the number of shares, value, and voting authority for each position.
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 report portfolio holdings and do not disclose the investment manager's internal financial performance, revenue, or liquidity.
Portfolio Composition: The portfolio consists of a diversified list of U.S. and international equity securities, including common stocks, preferred stocks, and exchange-traded funds (ETFs). Significant holdings by value include:
- Booz Allen Hamilton Holding Corp: 6,020,362 shares valued at approximately $182.3 million.
- Bank of America Corp: 7,412,283 shares valued at approximately $100.2 million.
- Wells Fargo & Co: 3,967,819 shares valued at approximately $191.9 million.
- Microsoft Corp: 2,665,407 shares valued at approximately $147.2 million.
- Time Inc: 5,144,833 shares valued at approximately $79.4 million.
Material Changes
Comparison to Prior Period: The filing text does not provide a clear value for material changes versus the prior comparable period. Form 13F tables list current holdings but do not explicitly state the net change in shares or value from the previous quarter within the provided text.
Guidance, Outlook, and Risks
Management Commentary: The filing text does not provide a clear value for guidance, outlook, or management commentary. This form is a regulatory disclosure of holdings and does not contain narrative analysis or future projections.
Voting Authority: The filing indicates that Westwood Holdings Group Inc holds voting authority for the listed securities, categorized as Sole, Shared, or None. Many positions are marked with "DFND" (Discretionary), indicating the manager has the authority to vote the shares.
Important Facts for Investors to Verify
- Portfolio Concentration: Verify the total aggregate value of the portfolio to understand the scale of Westwood's managed assets relative to these specific holdings.
- Turnover Rate: Compare this list with the previous quarter's 13F filing to calculate the portfolio turnover rate and identify significant entry or exit positions.
- Discretionary Authority: Confirm the extent of "Sole" vs. "Shared" voting authority to understand the manager's influence on corporate governance for these holdings.
- ETF Exposure: Note the inclusion of ETFs (e.g., iShares MSCI India, iShares MSCI Taiwan) which may indicate specific geographic or sectoral bets not fully visible in the individual stock list.