SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Bank OZK (Reporting Manager)
Filing Type: Form 13F Information Table
Reporting Period: Quarter ended December 31, 2015
Context: This filing discloses the equity securities held by Bank OZK as of the end of the reporting period. It details the issuer, class of security, CUSIP, value, share count, and voting authority (Sole, Shared, or None) for each holding.
Key Financial Metrics and Portfolio Composition
Total Portfolio Value: The filing lists individual security values in thousands of dollars. A precise aggregate total is not explicitly stated in the text, but the portfolio consists of over 100 distinct equity positions.
Top Holdings by Value (Selected):
- Bank of the Ozarks Inc (Self): $128,157,000 (Sole) + $6,983,000 (Other) = ~$135.1M
- AT&T Inc: $3,737,000 (Sole) + $543,000 (Other) = ~$4.28M
- Altria Group Inc: $2,743,000 (Sole) + $213,000 (Other) = ~$2.96M
- Applied Materials Inc: $739,000 (Sole) + $45,000 (Other) = ~$784,000
- General Electric Co: $2,382,000 (Sole) + $1,001,000 (Other) = ~$3.38M
- Exxon Mobil Corp: $3,390,000 (Sole) + $941,000 (Other) = ~$4.33M
- US Bancorp Del: $3,171,000 (Sole) + $86,000 (Other) = ~$3.26M
Voting Authority: The majority of holdings are reported under "Sole" discretion. Significant "Shared" or "Other" voting authority exists for positions such as Bank of the Ozarks Inc, AT&T Inc, and Altria Group Inc.
Material Changes and Observations
Self-Holding: The most significant position is in the reporting company's own stock (Bank of the Ozarks Inc), valued at approximately $135.1 million. This represents a substantial portion of the reported equity portfolio.
Concentration: The portfolio is diversified across sectors including Financials, Technology, Healthcare, Energy, and Consumer Staples. However, the single largest position is the company's own equity.
Derivatives: The filing includes columns for Put/Call options. While the "PRN AMT" (Principal Amount) column is populated for some entries, specific option strike prices or expiration dates are not detailed in this text format.
Guidance, Outlook, and Risks
Management Commentary: Form 13F filings are statutory disclosures of holdings and do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies: This document does not disclose operational risks, legal contingencies, or liquidity positions of Bank OZK. It strictly reports the status of equity holdings at a specific point in time.
Unusual Items: The filing notes that the SEC has not reviewed the information for accuracy. The presence of "Other" voting authority on significant positions (e.g., Bank of the Ozarks Inc, Murphy USA Inc) indicates shared control or specific contractual arrangements that investors should investigate further.
Key Facts for Investor Verification
- Self-Ownership: Verify the total number of shares of Bank of the Ozarks Inc held by the company itself versus shares held by other entities, as this impacts float and insider ownership calculations.
- Valuation Accuracy: Confirm the aggregate portfolio value by summing the "VALUE" column, as the filing does not provide a total summary figure.
- Voting Rights: Investigate the nature of the "Shared" and "Other" voting authority on major holdings like AT&T and Altria to understand potential influence or restrictions.
- Option Positions: Review the "PRN AMT" column for any significant put or call option positions that may indicate hedging strategies or speculative bets not fully detailed in the text.
- Comparative Analysis: Compare this list against the prior quarter's 13F filing to identify significant buy/sell activity, particularly in the top 10 holdings.