SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Bank OZK (Reporting Manager)
Filing Type: Form 13F Information Table
Reporting Period: Quarter ended March 31, 2016
Context: This filing discloses the equity securities held by Bank OZK at the end of the first quarter of 2016. As a Form 13F, it details holdings of large institutional investors, including the number of shares, value, and voting authority (Sole, Shared, or None).
Key Financial Metrics and Portfolio Composition
Total Portfolio Value: The filing lists individual security values in thousands of dollars. While a precise aggregate total is not explicitly summed in the text, the portfolio is heavily weighted toward large-cap equities and significant positions in the financial sector.
Top Holdings by Value (Selected):
- Bank of the Ozarks Inc (Self): 2,506,128 shares valued at approximately $105,182,000 (Sole) and 140,825 shares valued at $5,910,000 (Other). Total exposure exceeds $111 million.
- AT&T Inc: 115,981 shares valued at $4,543,000 (Sole) and 15,559 shares valued at $609,000 (Other).
- Altria Group Inc: 47,901 shares valued at $3,001,000 (Sole) and 3,260 shares valued at $204,000 (Other).
- Applied Materials Inc: 44,311 shares valued at $939,000 (Sole) and 3,217 shares valued at $68,000 (Other).
- General Electric Co: 74,591 shares valued at $2,371,000 (Sole) and 31,409 shares valued at $998,000 (Other).
Debt and Liquidity: The filing text does not provide data on the company's own debt, liquidity, or cash flow. It strictly reports equity holdings.
Material Changes and Voting Authority
Voting Authority Distribution: The portfolio is split between "Sole" discretion (where Bank OZK has full voting control) and "Other" (shared or no voting authority, often indicating client accounts or specific fund structures).
- Sole Discretion: Includes significant positions in Bank of the Ozarks, Apple Inc, Cisco Systems Inc, and Pfizer Inc.
- Other Discretion: Includes substantial positions in Murphy Oil Corp (782,368 shares), Murphy USA Inc (194,692 shares), and various Guggenheim and First Trust ETFs.
Comparison to Prior Period: The filing text provided does not contain data for the prior quarter (December 31, 2015), preventing a direct calculation of material changes in holdings or value.
Guidance, Outlook, and Risks
Management Commentary: Form 13F filings are statutory disclosures and do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies: The filing includes a standard disclaimer stating that the SEC has not reviewed the information for accuracy or completeness. No specific operational risks or contingencies are detailed in this document.
Unusual Items: The portfolio shows a very large concentration in the reporting company's own stock (Bank of the Ozarks) and significant holdings in energy sector stocks (Murphy Oil, Murphy USA, Exxon Mobil, Chevron) and financial sector ETFs.
Key Facts for Investor Verification
- Self-Holding Concentration: Verify the total exposure to Bank of the Ozarks stock, which represents the single largest position in the portfolio by a significant margin.
- Energy Sector Exposure: Confirm the aggregate value of holdings in Murphy Oil Corp and Murphy USA Inc, which appear to be substantial "Other" discretion positions.
- ETF Holdings: Review the specific composition of the Guggenheim and First Trust ETFs held under "Other" discretion to understand underlying asset exposure.
- Valuation Basis: Note that values are reported in thousands; ensure calculations account for this scaling when aggregating portfolio totals.
- Missing Data: Acknowledge that this filing does not provide revenue, profit, or cash flow data for Bank OZK itself; those metrics must be sourced from 10-Q or 10-K filings.