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, 2013
Context: This filing discloses the equity securities held by Bank OZK as of the end of the reporting period. It details the issuer, class of security, CUSIP, value, share quantity, and voting authority (Sole, Shared, or None).
Key Financial Metrics and Portfolio Composition
The filing provides a snapshot of the investment portfolio rather than the operating financials of Bank OZK itself. Key portfolio metrics include:
- Top Holdings by Value:
- Bank of the Ozarks Inc: $80,501,000 (1,679,342 shares). Note: This represents a significant holding of the company's own stock or a related entity.
- Murphy Oil Corp: $6,075,000 (100,708 shares).
- General Electric Co: $2,283,000 (95,596 shares).
- AT&T Inc: $2,386,000 (70,558 shares).
- US Bancorp Del: $2,563,000 (70,085 shares).
- Voting Authority: The majority of holdings are reported with "Sole" voting authority. Several positions include "Shared" or "None" authority, often associated with derivative positions or specific account structures.
- Derivatives: The table lists "Put" and "Call" columns, though specific values for these are not populated in the provided text for most entries, indicating primarily long equity positions.
Material Changes and Observations
Note: As this is a single-period snapshot (Form 13F), the filing text does not provide comparative data against the prior quarter (June 30, 2013) to calculate material changes in holdings or value. Investors must compare this table with the previous 13F filing to identify additions or deletions.
Notable Position: The filing lists a substantial position in "Bank of the Ozarks Inc" ($80.5M), which is the reporting company's own ticker. This is typical for banks holding their own stock for treasury purposes or employee benefit plans.
Guidance, Outlook, and Risks
Guidance and Outlook: The filing text does not contain management commentary, forward-looking guidance, or strategic outlook. Form 13F is a regulatory disclosure of holdings only.
Risks and Contingencies: No specific risk factors or contingencies are disclosed in this document. The standard SEC disclaimer applies: "The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete."
Important Facts for Investor Verification
- Own Stock Holding: Verify the nature of the $80.5 million holding in "Bank of the Ozarks Inc" to determine if it is treasury stock, a subsidiary holding, or an investment in a related entity.
- Concentration Risk: Assess the concentration of the portfolio in the financial sector (e.g., Bank of America, Wells Fargo, US Bancorp, BB&T) and energy sector (e.g., Murphy Oil, Chevron, Exxon Mobil).
- Voting Rights: Review the "Shared" and "None" voting authority columns to understand the extent of control Bank OZK exercises over its investments.
- Missing Data: The filing text does not provide the total aggregate value of the entire portfolio; only individual line items are listed. Summation is required to determine total assets under management.