SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Regions Financial Corp
Filing Type: Form 13F Information Table (Quarterly Report of Holdings)
Reporting Period: Second Quarter ended June 30, 2017
Context: This filing discloses the equity securities held by Regions Financial Corp as of the end of the reporting period. It details the issuer, class of security, CUSIP, value, share/principal amount, and voting authority (Sole, Shared, or None) for each holding. The filing does not contain financial performance data (revenue, profit, cash flow) for Regions Financial Corp itself, but rather a snapshot of its investment portfolio.
Key Financial Metrics and Portfolio Composition
The filing provides a granular list of holdings rather than aggregate financial metrics. Key observations regarding the portfolio include:
- Asset Class: The portfolio consists primarily of common stocks, foreign stocks, mutual funds (including ETFs like iShares and SPDR), and limited partnerships.
- Top Holdings by Value (Selected Examples):
- General Electric Co: ~$79.4M (Sole Discretion)
- Exxon Mobil Corp: ~$133.7M (Sole Discretion)
- Verizon Communications: ~$78.9M (Sole Discretion)
- Wells Fargo & Co: ~$105.1M (Sole Discretion)
- Regions Financial Corp (Self-Holding): ~$38.5M (Sole Discretion)
- Apple Inc: ~$72.9M (Sole Discretion)
- Microsoft Corp: ~$80.4M (Sole Discretion)
- Significant Fund Holdings: The portfolio includes substantial positions in various iShares and SPDR ETFs, indicating a diversified passive investment strategy alongside active stock picking.
- Voting Authority: Most holdings are categorized under "Sole" discretion, with a smaller portion under "Other" (OTR) or "Shared" authority.
Material Changes vs. Prior Period
Not Applicable: This specific filing text contains only the snapshot of holdings as of June 30, 2017. It does not include the "Schedule of Changes" or comparative data from the previous quarter (March 31, 2017) required to calculate material changes in position size or value. Therefore, no analysis of increases or decreases in specific holdings can be derived from this text alone.
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. The text includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy or completeness.
Important Facts for Investor Verification
- Self-Holding: Regions Financial Corp holds approximately 2.63 million shares of its own common stock (Regions Financial Corp) valued at roughly $38.5 million under sole discretion.
- Concentration Risk: The portfolio shows significant exposure to the Financials sector (e.g., Wells Fargo, JPMorgan Chase, Bank of America, Regions Financial) and Energy sector (e.g., Exxon Mobil, Chevron, Occidental Petroleum).
- Passive vs. Active: A significant portion of the portfolio is allocated to broad market ETFs (iShares, SPDR, Vanguard), suggesting a mix of passive index tracking and active security selection.
- Foreign Exposure: The filing lists numerous foreign stocks (e.g., Royal Dutch Shell, Novartis, Alibaba Group), indicating international diversification.
- Data Limitation: Investors should note that this document lists holdings but does not provide the total aggregate value of the entire portfolio or the total assets under management for Regions Financial Corp.