SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Bank OZK (Bank of the Ozarks, Inc.)
Filing Type: Form 13F Information Table
Reporting Period: Quarter ended December 31, 2014
Context: This filing discloses the equity securities held by Bank OZK as a registered investment manager. It details holdings in various public companies, including the bank's own stock, categorized by voting authority (Sole, Shared, None) and investment discretion.
Key Financial Metrics and Holdings
The filing provides a snapshot of the portfolio's composition rather than the bank's operational financials (revenue, profit, cash flow). Key portfolio metrics include:
- Total Portfolio Value: The filing lists individual security values in thousands of dollars but does not explicitly state a total aggregate portfolio value in the text provided.
- Largest Holding (Issuer): Bank of the Ozarks, Inc. (Self-holding).
- Shares: 3,055,117 total (2,840,683 Sole + 214,434 Shared/Other).
- Value: Approximately $115.85 million ($114.311M Sole + $1.539M Other).
- Largest External Holding (Issuer): Murphy Oil Corp.
- Shares: 879,741 total (99,873 Sole + 779,868 Other).
- Value: Approximately $83.0 million ($5.046M Sole + $39.399M Other).
- Other Significant Holdings: AT&T Inc. (~$4.4M), General Electric Co. (~$3.0M), Exxon Mobil Corp. (~$4.7M), and Apple Inc. (~$3.0M).
Note: Operational metrics such as revenue, net income, operating cash flow, margins, debt levels, and liquidity ratios are not reported in a Form 13F filing.
Material Changes and Portfolio Composition
As this is a single-period snapshot, material changes versus a prior period cannot be calculated from this text alone. However, the composition reveals:
- Concentration: The portfolio is heavily weighted toward the issuer's own stock (Bank of the Ozarks), which represents the single largest line item by value.
- Discretion: The majority of holdings are reported under "Sole" voting authority, indicating direct control by the investment manager. Significant "Other" (OTR) voting authority is noted for Murphy Oil Corp. and Bank of the Ozarks.
- Sector Exposure: The portfolio includes significant exposure to Energy (Murphy Oil, Exxon Mobil, Chevron), Technology (Apple, Microsoft, Intel), and Financials (Bank of America, Wells Fargo, JPMorgan Chase).
Guidance, Risks, and Contingencies
Guidance and Outlook: Not applicable. Form 13F filings are historical disclosures of holdings and do not contain forward-looking guidance, management commentary, 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. No specific operational risks, legal contingencies, or unusual items are disclosed in this format.
Key Facts for Investor Verification
- Self-Holding Magnitude: Verify the strategic intent behind holding over $115 million of its own stock (Bank of the Ozarks) within the investment portfolio.
- Murphy Oil Position: Confirm the nature of the "Other" voting authority on the ~$39.4 million Murphy Oil Corp. holding, as this differs from the "Sole" authority on most other positions.
- Portfolio Turnover: Compare this list against the Q3 2014 13F filing to determine if the large Murphy Oil "Other" position is a new acquisition or a reclassification.
- Operational Data Source: Investors seeking revenue, profit, or liquidity data must refer to the company's Form 10-K or 10-Q filings, as this document contains only equity holdings.