13F-HR: Equitable Holdings Discloses $13.6B Q3 2025 Portfolio

Equitable Holdings, Inc. has filed its Form 13F-HR, revealing a diverse portfolio of 1,616 equity and ETF holdings valued at over $13.5 billion as of September 30, 2025.

Summary

• Equitable Holdings, Inc. reported total institutional investment holdings valued at $13,598,576,476 for the quarter ended September 30, 2025.
• The filing details 1,616 individual holdings entries, indicating a highly diversified investment portfolio.
• The portfolio includes a broad range of assets such as common stocks, various types of Exchange Traded Funds (ETFs) covering equities, fixed income, commodities, and international markets.
• Three other included managers are part of this report: Equitable Investment Management Group, LLC, EQUITABLE ADVISORS, LLC, and Equitable Investment Management, LLC.

Sentiment

Score: 5

Explanation: The filing is a routine, factual disclosure of investment holdings and does not contain information that would inherently convey a positive or negative sentiment about the reporting entity's operational performance or future prospects.

Positives

• The substantial total value of holdings ($13.6 billion) reflects significant assets under management by Equitable Holdings, Inc. and its affiliates.
• The portfolio's extensive diversification across 1,616 entries, including a wide array of common stocks and ETFs, suggests a strategy aimed at mitigating idiosyncratic risks.
• Inclusion of various ETF types (e.g., US equity, international equity, emerging markets, fixed income, commodities, sector-specific, factor-based, ESG) indicates a sophisticated and comprehensive investment approach.

Risks

• Market risk: The value of the reported holdings is subject to fluctuations based on overall market conditions, economic downturns, and geopolitical events.
• Equity risk: Individual stock holdings are exposed to company-specific performance issues, industry-specific challenges, and general equity market volatility.
• Interest rate risk: Fixed income and bond ETF holdings are sensitive to changes in interest rates, which can impact their market value.
• Credit risk: Holdings in corporate bonds and high-yield instruments carry the risk of issuer default or credit rating downgrades.
• Currency risk: International and emerging market holdings are exposed to foreign exchange rate fluctuations.
• Commodity price risk: Investments in commodity-linked ETFs (e.g., gold, silver, energy, agriculture) are subject to volatility in underlying commodity prices.

Future Outlook

The filing is a disclosure of past holdings and does not contain any forward-looking statements or guidance regarding future performance or strategic direction.

Management Comments

• Anthony Bruccoleri, Lead Director, Equitable Life Insurance Company, signed the report, representing that the information is true, correct, and complete, and that he is authorized to submit it.

Industry Context

This filing reflects a common practice among large institutional investment managers to maintain broadly diversified portfolios, often utilizing a mix of individual equities and various ETFs to gain exposure to different asset classes, geographies, and investment styles. The inclusion of ESG, factor-based, and thematic ETFs aligns with broader trends in institutional investing towards more specialized and responsible investment strategies.

Comparison to Industry Standards

• The extensive number of holdings (1,616) and the broad diversification across various asset classes and investment styles (e.g., large-cap, small-cap, growth, value, international, emerging markets, fixed income, commodities, ESG, sector-specific ETFs) are consistent with industry best practices for large institutional portfolios seeking to manage risk and capture diverse market opportunities.
• The inclusion of both passive (e.g., S&P 500 ETFs) and actively managed ETFs, alongside individual common stocks, demonstrates a hybrid approach to portfolio construction, common among sophisticated asset managers.

Stakeholder Impact

• Shareholders and potential investors gain transparency into the investment strategy and portfolio composition of Equitable Holdings, Inc., allowing for informed decision-making regarding their investment in the company.
• Regulatory authorities receive mandated disclosures, ensuring compliance with SEC regulations and contributing to market transparency.

Key Dates

Keywords

Institutional Investment, SEC Filing, Form 13F-HR, Equity Holdings, ETF Portfolio, Asset Management, Diversified Portfolio, Financial Disclosure, Equitable Holdings