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 September 30, 2014
Context: This filing discloses the equity securities held by Bank OZK as of the end of the third quarter of 2014. It details the value, share count, and voting authority for each position, categorized by sole, shared, or none voting discretion.
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 stated in the text, the portfolio is heavily weighted toward large-cap equities and energy sector holdings.
Top Holdings by Value (Sole Discretion):
- Bank of the Ozarks Inc (Self): $96,443,000 (3,059,733 shares)
- AT&T Inc: $3,073,000 (87,189 shares)
- General Electric Co: $2,197,000 (85,771 shares)
- Verizon Communications Inc: $2,503,000 (50,073 shares)
- Intel Corp: $1,721,000 (49,416 shares)
- Exxon Mobil Corp: $3,890,000 (41,356 shares)
- Pfizer Inc: $1,263,000 (42,696 shares)
- Walmart Stores Inc: $2,142,000 (28,011 shares)
Notable "Other" Discretion Positions:
- Murphy Oil Corp: $44,320,000 (778,768 shares)
- Murphy USA Inc: $10,330,000 (194,692 shares)
- Bank of the Ozarks Inc: $1,279,000 (40,584 shares)
- Deltic Timber Corp: $3,467,000 (55,627 shares)
Liquidity and Debt: The filing text does not provide data on the company's cash flow, debt levels, or liquidity ratios. Form 13F is strictly a disclosure of long-term equity holdings.
Material Changes and Portfolio Activity
Comparison to Prior Period: The provided text contains only the snapshot of holdings as of September 30, 2014. It does not include the prior quarter's data or a summary of net purchases/sales, preventing a direct calculation of material changes versus the prior comparable period.
Significant Concentrations: The portfolio shows significant concentration in the energy sector (Murphy Oil, Murphy USA, Exxon Mobil, ConocoPhillips) and a substantial position in the reporting company's own stock (Bank of the Ozarks).
Guidance, Risks, and Contingencies
Management Commentary: None provided in this filing. Form 13F is a standardized regulatory table and does not contain narrative management discussion or outlook.
Risks and Contingencies: The filing includes a standard disclaimer stating that the SEC has not reviewed the information for accuracy or completeness. No specific risk factors or contingencies regarding the portfolio are disclosed in this document.
Key Facts for Investor Verification
- Self-Holding: Verify the strategic intent behind the massive holding of Bank of the Ozarks stock ($96.4M sole + $1.3M other), which represents a significant portion of the reported portfolio.
- Energy Exposure: Confirm the risk profile associated with the heavy weighting in energy companies (Murphy Oil, Murphy USA, Exxon, ConocoPhillips) given the volatility of that sector in 2014.
- Voting Authority: Note the distinction between "Sole" and "Other" voting authority. Large positions in Murphy Oil and Murphy USA are listed under "Other" discretion, implying they may be managed for clients or in a different capacity than the "Sole" positions.
- Data Limitations: Acknowledge that this filing does not reflect the bank's overall financial health, loan portfolio quality, or regulatory capital ratios, which are found in 10-Q or 10-K filings.