SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Bank OZK (reporting manager) for the period ending March 31, 2024. The document discloses the manager's holdings of equity securities, including common stocks and exchange-traded funds (ETFs), as required by the Securities and Exchange Commission. It details the number of shares held, the value of those holdings, and the voting authority (Sole, Shared, or None) for each position.
Key Financial Metrics and Holdings
The filing does not report Bank OZK's internal financial performance (revenue, profit, cash flow, or debt). Instead, it reports the aggregate value of the investment portfolio managed by Bank OZK. Key portfolio metrics include:
- Top Holdings by Value: The largest single position is Apple Inc. (Class A), with a reported value of approximately $9,321,481 (54,359 shares) under sole discretion.
- Significant Positions: Other major holdings include Microsoft Corp. (~$8.2M), Eli Lilly & Co. (~$7.3M), Nvidia Corp. (~$5.7M), and Bank OZK itself (~$5.4M).
- Portfolio Composition: The portfolio is diversified across sectors including Technology (Apple, Microsoft, Nvidia), Healthcare (Eli Lilly, Merck, UnitedHealth), Financials (JPMorgan, Bank of America), and Consumer Staples (PepsiCo, Walmart).
- Voting Authority: The manager exercises "Sole" voting authority for the majority of positions, with "Other" (Shared/None) authority noted for specific blocks of shares.
Material Changes
Not Applicable. This filing is a snapshot of holdings as of March 31, 2024. The provided text does not contain comparative data from the prior quarter (December 31, 2023) or year-over-year figures to calculate material changes in position size or portfolio value.
Guidance, Outlook, and Risks
Not Applicable. Form 13F filings are statutory disclosures of holdings and do not contain management commentary, forward-looking guidance, risk factors, or contingency plans regarding the reporting company's operations or the future performance of the portfolio.
Investor Verification Checklist
- Self-Holding: Verify the significance of the Bank OZK position (119,418 shares valued at ~$5.4M) relative to the bank's total equity and insider ownership.
- Concentration Risk: Assess the concentration in the top 5 holdings (Apple, Microsoft, Eli Lilly, Nvidia, Bank OZK) which represent a substantial portion of the disclosed portfolio value.
- Discretionary Authority: Confirm the split between "Sole" and "Other" voting authority to understand the extent of the manager's direct control over the reported assets.
- ETF Exposure: Review the holdings in broad market ETFs (e.g., iShares Core S&P 500, SPDR S&P 500) to determine the passive versus active management ratio of the portfolio.