SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Regions Financial Corp
Filing Type: Form 13F Information Table (Schedule 13F)
Reporting Period: Quarter ended September 30, 2013
Context: This filing discloses the equity securities held by Regions Financial Corp (or its investment advisors) as of the end of the third quarter of 2013. It details holdings in common stock, preferred stock, convertible securities, and mutual funds/ETFs.
Key Financial Metrics and Portfolio Composition
Note: Form 13F filings report holdings by share count and value, not the operating financial metrics (revenue, profit, cash flow) of the reporting company itself.
- Portfolio Scope: The filing lists hundreds of individual positions across domestic and foreign issuers.
- Asset Classes: Holdings include Common Stock, Preferred Stock, Convertible Corporate Debt, Partnerships (LPs), and Mutual Funds/ETFs.
- Top Holdings by Value (Selected Examples):
- General Electric Co: ~3.88 million shares (DFND) + ~1.01 million shares (OTR)
- Exxon Mobil Corp: ~1.67 million shares (DFND) + ~615,000 shares (OTR)
- Microsoft Corp: ~1.51 million shares (DFND) + ~391,000 shares (OTR)
- Wells Fargo & Co: ~1.99 million shares (DFND) + ~304,000 shares (OTR)
- Regions Financial Corp (Self-Holding): ~3.78 million shares (DFND) + ~1.76 million shares (OTR)
- SPDR S&P 500 ETF Trust: ~1.55 million shares (DFND) + ~15,615 shares (OTR)
- Voting Authority: The table distinguishes between Sole, Shared, and None voting authority for each position.
Material Changes and Portfolio Activity
The filing provides a snapshot of holdings as of September 30, 2013. It does not explicitly state the net change in value or share count compared to the prior quarter (June 30, 2013) within the text provided. However, the presence of "OTR" (Other) and "DFND" (Defined) categories indicates a mix of direct holdings and holdings managed through other accounts or funds. Significant positions in energy (Exxon, Chevron, ConocoPhillips), technology (Microsoft, Intel, Cisco), and financials (JPMorgan, Bank of America, Wells Fargo) suggest a diversified large-cap strategy.
Guidance, Outlook, and Risks
Guidance/Outlook: This filing type does not contain management commentary, earnings guidance, or future outlook for Regions Financial Corp.
Risks/Contingencies: The filing includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy. The portfolio is exposed to market risks inherent in holding a broad range of equities, including sector-specific risks in energy, technology, and financial services.
Important Facts for Investor Verification
- Self-Holding: Regions Financial Corp holds a significant position in its own stock (~5.55 million shares total across DFND and OTR categories).
- Concentration: The portfolio is heavily weighted toward large-cap U.S. equities and broad market ETFs (e.g., SPDR S&P 500, iShares).
- Derivatives/Options: The table lists "PUT" and "CALL" columns, but the provided text shows these columns are largely empty or not populated with specific option contract details for the listed securities, focusing primarily on long equity positions.
- Foreign Exposure: Significant holdings in foreign stocks (e.g., Royal Dutch Shell, HSBC, BHP Billiton, AstraZeneca) indicate international diversification.
- Data Limitation: This document does not provide Regions Financial Corp's own quarterly earnings, loan portfolio quality, or liquidity ratios. Those metrics must be found in the company's Form 10-Q.