SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Regions Financial Corp
Filing Type: Form 13F Information Table (Schedule of Holdings)
Reporting Period: Second Quarter ended June 30, 2021
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, and voting authority for each holding.
Key Financial Metrics and Portfolio Composition
Revenue, Profit, and Cash Flow: Not applicable. This filing is a disclosure of investment holdings and does not contain the company's operational financial results (revenue, net income, or cash flow).
Portfolio Overview:
- Asset Class: Primarily U.S. and international common stocks, exchange-traded funds (ETFs), and preferred securities.
- Top Holdings by Value (Sole Discretion):
- Bank of America Corp: ~$2.12 billion
- Apple Inc: ~$1.61 billion
- BlackRock Fund Advisors (Various ETFs): Significant aggregate exposure, including MSCI EAFE ETF (~$1.91 billion) and Core S&P SCP ETF (~$2.87 billion).
- Microsoft Corp: ~$1.11 billion
- Verizon Communications: ~$1.85 billion
- Regions Financial Corp (Own Stock): ~$2.22 billion
- Discretionary Authority: Holdings are categorized as "Sole" (sole discretion) or "Discretionary" (shared/other discretion).
Material Changes
Comparison to Prior Period: The provided text contains only the snapshot of holdings as of June 30, 2021. It does not include the prior quarter's data (March 31, 2021) within the text body. Therefore, specific material changes (purchases or sales) cannot be calculated from this source alone.
Guidance, Outlook, and Risks
Management Commentary: None. Form 13F filings are statutory disclosures of holdings and do not contain management discussion, guidance, or outlook.
Risks and Contingencies:
- Concentration Risk: Significant exposure to the financial sector (e.g., Bank of America, JPMorgan Chase, Wells Fargo, Regions Financial Corp).
- Market Risk: Heavy allocation to large-cap technology and consumer discretionary stocks (e.g., Apple, Microsoft, Amazon, Home Depot).
- ETF Exposure: Substantial holdings in passive index funds (iShares, BlackRock, Vanguard), indicating a strategy that tracks broad market indices.
Investor Verification Checklist
- Verify Total Portfolio Value: Sum the "Value" column for all "Sole" and "Discretionary" holdings to determine total reported assets under management for this schedule.
- Check for Own Stock: Confirm the size of the position in Regions Financial Corp (Ticker: RF) to assess insider confidence or capital management strategy.
- Compare with Q1 2021 Filing: Retrieve the March 31, 2021, Form 13F to calculate net purchases or sales for the quarter.
- Review Voting Authority: Note the split between "Sole," "Shared," and "None" voting authority to understand the extent of control over the reported securities.
- Confirm ETF Holdings: Verify the specific tickers for the numerous BlackRock and iShares ETF holdings to understand the underlying index exposure.