Institutional Manager · CIK 0001281761

REGIONS FINANCIAL CORP

BIRMINGHAM, AL · File #028-10938

Latest AUM

$15.62B

Positions

1,013

Top-10 Concentration

46.5%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	BERKSHIRE HATHAWAY INC DEL	BRK-A	-89,561	-$67.60B	+$67.56B
REDUCE	ISHARES TR	464287101	-29,241,979	-$10.03B	+$6.69B
REDUCE	VANGUARD INDEX FDS	922908363	-1,480,199	-$928.3M	+$499.3M
NEW	ISHARES TR	464287507	+9,971,281	+$658.1M	$0
REDUCE	VANGUARD INTL EQUITY INDEX F	922042718	-3,378,134	-$484.2M	+$300.6M
NEW	ISHARES TR	464287804	+4,010,129	+$481.9M	$0
NEW	SCHWAB STRATEGIC TR	808524755	+9,160,980	+$414.2M	$0
ADD	MICROSOFT CORP	MSFT	+827,129	+$400.0M	-$6.4M
NEW	ISHARES TR	464287309	+2,705,320	+$333.5M	$0
REDUCE	ALPHABET INC	GOOG	-953,706	-$299.3M	+$74.0M

Sector Allocation

Technology

12.9%$2.01B

Healthcare

7.0%$1.09B

Industrials

5.8%$903.8M

Consumer Discretionary

4.0%$618.6M

Financials

3.1%$488.7M

Consumer Staples

2.9%$446.3M

Energy

2.8%$430.4M

Communication Services

1.4%$227.1M

Utilities

0.8%$125.0M

Real Estate

0.4%$65.4M

Materials

0.4%$59.0M

Filing History

Jan 27, 202613F HOLDINGS REPORTQ/E Dec 20251,013 pos · $15.62B
Nov 19, 202513F HOLDINGS REPORTQ/E Sep 2025871 pos · $15.54B
Nov 19, 202513F HOLDINGS REPORT (Amended)Q/E Sep 20251,012 pos · $15.35B
Jul 29, 202513F HOLDINGS REPORTQ/E Jun 20251,023 pos · $14.52B
May 8, 202513F HOLDINGS REPORTQ/E Mar 2025991 pos · $13.42B
Feb 14, 202513F HOLDINGS REPORTQ/E Dec 2024993 pos · $13.62B
Nov 14, 202413F HOLDINGS REPORTQ/E Sep 20241,517 pos · $13.90B
Jul 31, 202413F HOLDINGS REPORTQ/E Jun 20241,501 pos · $13.16B
Apr 23, 202413F HOLDINGS REPORTQ/E Mar 20241,533 pos · $13.18B
Nov 1, 202313F HOLDINGS REPORTQ/E Dec 20231,469 pos · $11.12B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES TR	464287200	1,108,543	$759.3M	7.63%
2	ISHARES TR	464287507	9,971,281	$658.1M	6.61%
3	VANGUARD TAX-MANAGED FDS	921943858	8,032,715	$501.8M	5.04%
4	MICROSOFT CORP	MSFT	1,014,364	$490.6M	4.93%
5	ISHARES TR	464287804	4,010,129	$481.9M	4.84%
6	SCHWAB STRATEGIC TR	808524755	9,160,980	$414.2M	4.16%
7	NVIDIA CORPORATION	NVDA	1,977,005	$368.7M	3.70%
8	ISHARES TR	464287309	2,705,320	$333.5M	3.35%
9	JPMORGAN CHASE & CO.	VYLD	1,021,484	$329.1M	3.31%
10	APPLE INC	AAPL	1,058,336	$287.7M	2.89%
11	ELI LILLY & CO	LLY	267,589	$287.6M	2.89%
12	VANGUARD INDEX FDS	922908629	945,481	$274.4M	2.76%
13	SNAP ON INC	SNA	724,468	$249.7M	2.51%
14	VANGUARD INDEX FDS	922908363	382,636	$240.0M	2.41%
15	ALPHABET INC	GOOG	721,886	$226.0M	2.27%
16	ISHARES TR	464287614	448,988	$212.5M	2.13%
17	WALMART INC	WMT	1,833,430	$204.3M	2.05%
18	ISHARES TR	464287465	2,093,177	$201.0M	2.02%
19	VANGUARD INTL EQUITY INDEX F	922042858	3,386,992	$182.1M	1.83%
20	EXXON MOBIL CORP	XOM	1,491,855	$179.5M	1.80%