SEC Filing Summary: South Plains Financial, Inc.
Business Context and Reporting Period
Filing Type: Form 13F Information Table
Company: South Plains Financial, Inc.
Reporting Period: The filing text indicates a period ending December 31, 2025, though the document structure is a standard quarterly 13F submission detailing equity holdings. The filing discloses the investment portfolio managed by the company or its investment advisors.
Key Financial Metrics and Portfolio Composition
Portfolio Overview: The filing lists a diversified portfolio of common stocks, ETFs, and warrants. Specific aggregate portfolio value, revenue, profit, or cash flow for South Plains Financial, Inc. itself is not provided in this 13F text; only the value of individual holdings is disclosed.
- Top Holdings by Value (Selected):
- Apple Inc.: $7,403,811 (27,235 shares)
- Microsoft Corp: $6,521,933 (13,486 shares)
- Amazon.com Inc: $4,302,232 (18,639 shares)
- NVIDIA Corp: $5,381,448 (28,855 shares)
- Alphabet Inc (Class C): $6,444,983 (20,591 shares)
- ETF Exposure: Significant holdings in iShares, Vanguard, and SPDR ETFs covering large-cap, mid-cap, small-cap, fixed income, and international equity sectors.
- Self-Holding: South Plains Financial, Inc. holds 3,328 shares of its own common stock valued at $129,093 with sole voting authority.
Material Changes and Voting Authority
Voting Authority: The majority of holdings are reported with "Discretionary" (DFND) voting authority. Some positions show split authority between "Sole" and "Shared" or "None" (likely due to derivatives or specific account structures).
Position Changes: As this is a static snapshot of holdings, specific period-over-period changes (buy/sell activity) cannot be calculated without the prior quarter's 13F data. However, the presence of multiple entries for the same issuer (e.g., Apple, Microsoft, Alphabet) suggests holdings are aggregated across different accounts or managers.
Guidance, Risks, and Contingencies
Management Commentary: None provided in this filing type. Form 13F is a regulatory disclosure of holdings and does not contain forward-looking guidance or management discussion.
Risks and Contingencies: The filing includes a standard SEC disclaimer stating the Commission has not reviewed the information for accuracy. The portfolio is heavily weighted toward large-cap technology and financial sectors, implying exposure to sector-specific volatility.
Investor Verification Checklist
- Portfolio Concentration: Verify the percentage of total assets allocated to the top 5 holdings (Apple, Microsoft, Amazon, NVIDIA, Alphabet) to assess concentration risk.
- ETF Overlap: Review the specific ETF holdings (e.g., iShares, Vanguard) to determine if they duplicate exposure to the individual stock holdings listed.
- Voting Rights: Confirm the extent of "Shared" vs. "Sole" voting authority to understand the company's actual control over its investments.
- Self-Holding: Note the relatively small position in South Plains Financial's own stock ($129k) compared to external holdings.
- Derivatives: Check for any "Put/Call" designations in the full dataset to identify hedging strategies not immediately obvious in the summary.