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: As of September 30, 2016
Context: This filing discloses the equity securities held by Bank OZK at the end of the third quarter of 2016. It details the issuer, class of security, CUSIP, value, and voting authority for each holding. The filing distinguishes between securities held with "Sole" voting authority and those held with "Other" (shared or none) voting authority.
Key Financial Metrics and Portfolio Composition
Portfolio Overview: The filing lists holdings across various sectors including Financials, Technology, Healthcare, Energy, and Consumer Staples. Values are reported in thousands of dollars.
Top Holdings by Value (Sole Authority):
- Bank of the Ozarks Inc: $93,172 (2,234,605 shares with sole voting authority)
- AT&T Inc: $4,698 (115,594 shares with sole voting authority)
- Applied Materials Inc: $1,430 (47,332 shares with sole voting authority)
- Altria Group Inc: $2,972 (46,977 shares with sole voting authority)
- Exxon Mobil Corp: $3,897 (44,624 shares with sole voting authority)
Notable "Other" Voting Authority Holdings:
- Murphy Oil Corp: $23,784 (782,368 shares)
- Murphy USA Inc: $13,893 (194,692 shares with no voting authority)
- Bank of the Ozarks Inc: $5,190 (135,169 shares)
Liquidity and Debt: The filing text does not provide data on Bank OZK's own liquidity, debt levels, or cash flow. It strictly reports external equity investments.
Material Changes and Observations
Comparison to Prior Period: The provided text contains only the snapshot for the period ending September 30, 2016. It does not include data for the prior quarter (June 30, 2016) or year-over-year comparisons. Therefore, material changes in position size cannot be calculated from this document alone.
Concentration Risk: The portfolio shows a significant concentration in the reporting company's own stock (Bank of the Ozarks Inc), which represents the largest single position by value ($93,172 in sole authority).
Guidance, Outlook, and Risks
Management Commentary: None. Form 13F filings are statutory disclosures of holdings 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. No specific risk factors or contingencies regarding the portfolio are disclosed in this text.
Key Facts for Investor Verification
- Self-Holding: Verify the strategic rationale for holding over $98 million in Bank of the Ozarks Inc stock (combining sole and other authority), which is the dominant position in the portfolio.
- Voting Rights: Note the distinction between "Sole" and "Other" voting authority. For example, while holding significant Murphy Oil Corp shares, the voting authority is listed as "Other," implying shared control or lack of sole discretion.
- Valuation Basis: Confirm that the "Value" column represents the fair market value at the end of the quarter (September 30, 2016) and not the cost basis.
- Missing Data: Acknowledge that this filing does not provide Bank OZK's internal financial health metrics (revenue, profit, debt), which must be sourced from their 10-Q or 10-K filings.