SEC VERIFY DATA
TITLE: What Is SEC Form 13F Institutional Holdings Explained
SEO DESCRIPTION: Learn what SEC Form 13F is, who must file it, the $100 million threshold, what holdings are disclosed, and what Form 13F cannot tell investors.
WHAT IS SEC FORM 13F
Form 13F is a quarterly SEC filing used by certain institutional investment managers to disclose holdings in securities covered by Section 13(f) of the Securities Exchange Act.
The filing was created to increase public visibility into securities held by large institutional managers. It can provide investors and researchers with a useful view of reported portfolio positions, but it does not show every asset a manager owns.
WHO MUST FILE FORM 13F
Institutional investment managers generally become subject to Form 13F reporting when they exercise investment discretion over $100 million or more in Section 13(f) securities.
Institutional managers can include investment advisers, banks, insurance companies, broker-dealers, corporations, pension funds and certain other entities that manage investment portfolios.
A manager does not have to be an SEC-registered investment adviser to become subject to Form 13F if the applicable reporting threshold and other requirements are met.
WHAT DOES FORM 13F DISCLOSE
A Form 13F information table generally identifies reportable securities, the issuer, class of security, number of shares or principal amount and the reported market value at the end of the quarter.
Section 13(f) securities primarily include many U.S. exchange-traded stocks, ETFs, closed-end funds and certain options, warrants and convertible securities appearing on the SEC's official 13F securities list.
WHAT FORM 13F DOES NOT SHOW
Form 13F is not a complete picture of a manager's portfolio.
Certain assets, including many private investments, open-end mutual funds and securities not appearing on the official Section 13(f) list, generally are not reported. The filing also reflects holdings at quarter-end rather than real-time positions.
Managers normally file after the reporting date, so portfolio positions may have changed by the time investors review the filing.
FORM 13F VS FORM ADV
Form 13F focuses on certain reportable securities holdings. Form ADV focuses on the investment adviser itself, including its business, ownership, regulatory assets under management and advisory activities.
FilingDossier uses Form 13F as one source when examining an investment manager's public holdings, but it should not be treated as a complete record of the manager's assets or investment strategy.
DISCLAIMER
FilingDossier is an independent research platform and is not affiliated with or endorsed by the SEC. This material is provided for informational and research purposes only and does not constitute legal or investment advice.