SEC Filing Summary: Westwood Holdings Group Inc. (Form 13F)
Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Westwood Holdings Group Inc. for the reporting period ending March 31, 2020. As a registered investment adviser, the company is required to disclose its holdings in equity securities and certain other investment vehicles. The filing details the specific securities held, the number of shares or principal amounts, and the voting authority associated with each position.
Key Financial Metrics and Portfolio Composition
The filing provides a granular list of holdings rather than consolidated financial statements for Westwood Holdings Group itself. Key portfolio characteristics include:
- Asset Classes: The portfolio consists primarily of common stocks (equity), corporate notes (fixed income), and exchange-traded funds (ETFs).
- Top Equity Holdings (by Value): Significant positions include AT&T Inc. ($4.09M), American International Group Inc. ($1.99M), BJS Wholesale Club Holdings Inc. ($1.97M), and Bank of America Corp ($4.32M).
- Fixed Income Exposure: The portfolio holds substantial principal amounts in corporate notes, including Akamai Technologies ($25.63M), Allscripts Healthcare Solutions ($30.10M), and Colony Capital ($25.00M).
- ETF Holdings: Diversification is achieved through various ETFs, including iShares Core S&P 500 ETF, Vanguard S&P 500 ETF, and sector-specific funds like the VanEck Vectors Gold Miners ETF.
- Voting Authority: Westwood Holdings Group exercises sole, shared, or no voting authority depending on the specific security and the nature of the holding (e.g., "DFND" indicates discretionary authority).
Material Changes and Portfolio Activity
Note: This filing is a snapshot of holdings as of March 31, 2020. It does not contain comparative data against the prior quarter (December 31, 2019) within this specific document text. Therefore, material changes in position size or new entries cannot be calculated from this source alone.
The filing indicates a diverse portfolio with exposure to multiple sectors including Technology (Apple, Microsoft, Alphabet), Healthcare (Abbott Labs, Merck, UnitedHealth), Financials (JPMorgan Chase, Wells Fargo), and Energy (Chevron, Exxon Mobil).
Guidance, Outlook, and Risks
Management Commentary: Form 13F filings are regulatory disclosures and do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies: The filing includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy or completeness. The primary risk inherent in this filing is the potential for market volatility affecting the value of the disclosed securities, particularly given the reporting date of March 31, 2020, which coincided with significant global market turbulence.
Key Facts for Investor Verification
- Reporting Entity: Westwood Holdings Group Inc. is the investment adviser reporting these holdings.
- Reporting Date: March 31, 2020.
- Portfolio Breadth: The portfolio includes over 200 distinct issuers, ranging from large-cap U.S. equities to international ADRs and corporate bonds.
- Discretionary Authority: The vast majority of holdings are marked with "DFND" (Discretionary), indicating Westwood Holdings Group has the authority to vote these shares.
- Self-Holding: The company holds 60,323 shares of its own common stock (Westwood Holdings Group Inc.), valued at approximately $1.10M at the time of filing.
- Data Limitation: This document does not provide total portfolio value, cash positions, or performance metrics for Westwood Holdings Group.