SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Bank OZK
Filing Type: Form 13F Information Table
Reporting Period: Quarter ended December 31, 2018
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, and specifies voting authority 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:
- Top Holdings by Value: Bank OZK (approx. $38.1M), AT&T Inc (approx. $4.7M), Pfizer Inc (approx. $2.9M), and Cisco Systems Inc (approx. $3.2M).
- Own Stock Position: Bank OZK holds 1,669,736 shares of its own common stock (CUSIP 06417N103) with sole voting authority, valued at approximately $38.1 million.
- Portfolio Diversity: Holdings span multiple sectors including Technology (Apple, Microsoft, Alphabet), Healthcare (AbbVie, Merck, Pfizer), Financials (JPMorgan, Bank of America), and Consumer Staples (PepsiCo, Coca-Cola).
- Investment Discretion: The majority of holdings are managed with "Sole" discretion, though a significant portion is listed under "Other" (OTR) discretion, indicating shared or managed accounts.
Material Changes and Portfolio Composition
Note: As this is a static snapshot of holdings at period-end, the filing text does not provide comparative data against the prior quarter to calculate material changes in position size or value.
- Voting Authority: For most positions, Bank OZK exercises sole voting authority. However, for certain holdings (e.g., Bank OZK own stock, Alphabet, Cisco), there are shares where voting authority is shared or none.
- Derivatives: The table lists "Put/Call" columns, but the provided text indicates "SH" (Shares) for all entries, suggesting no reported put or call options in this specific view.
Guidance, Outlook, and Risks
Guidance and Outlook: The filing text does not contain management commentary, forward-looking guidance, or strategic outlook for Bank OZK's operations.
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 or contingencies are detailed in this form.
Investor Verification Checklist
- Verify the total value of the Bank OZK own-stock position ($38.1M) against the bank's total equity to assess insider/management alignment.
- Confirm the distinction between "Sole" and "Other" (OTR) discretion to understand how much of the portfolio is managed directly by Bank OZK versus client-directed accounts.
- Cross-reference the top 10 holdings (e.g., AT&T, Pfizer, Cisco) with the bank's broader investment policy statement if available.
- Note that this filing does not disclose the bank's core banking metrics (Net Interest Margin, Loan Loss Provisions, Liquidity Ratios); refer to Form 10-K for those figures.