13F-HR: First Horizon Corp. Discloses Q3 2025 Equity Holdings

First Horizon Corp. filed its quarterly 13F-HR report, detailing its significant equity and ETF holdings for the quarter ended September 30, 2025, though the summary page reported a total value of $0.

Summary

• First Horizon Corp. submitted its Form 13F-HR for the quarter ended September 30, 2025.
• The filing provides a detailed list of the institutional investment manager's equity holdings, including common stocks, REITs, and various exchange-traded funds (ETFs).
• Notably, the Form 13F Summary Page explicitly states "Form 13F Information Table Entry Total: 0" and "Form 13F Information Table Value Total: 0 (round to nearest dollar)," which contradicts the extensive list of hundreds of individual securities holdings with substantial values detailed in the accompanying information table.
• Key holdings include significant positions in technology giants like Apple Inc. and Microsoft Corp., as well as diversified investments across financial, healthcare, consumer, and energy sectors.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to the significant administrative error on the summary page reporting a total value of $0, which undermines the immediate credibility and clarity of the filing, despite the detailed holdings being present.

Positives

• The detailed information table provides transparency into First Horizon Corp.'s diverse investment portfolio across various sectors and asset classes.
• Significant holdings in established, large-cap companies and diversified ETFs suggest a broad market exposure.

Negatives

• The Form 13F Summary Page reports a total value of $0 for the holdings, which is a significant administrative discrepancy given the extensive list of valuable securities detailed in the information table. This could lead to confusion or misinterpretation of the filing.

Risks

• The discrepancy in the reported total value on the summary page (stated as $0) versus the actual detailed holdings could indicate a reporting error or system issue, potentially affecting the accuracy and reliability of the summary information.
• Market volatility and sector-specific risks inherent in the listed equity holdings (e.g., technology, financial, energy sectors) could impact portfolio performance.

Future Outlook

NA

Management Comments

• Michael Graves, Senior Vice President, signed the report on behalf of First Horizon Corp.

Industry Context

This filing provides a snapshot of First Horizon Corp.'s investment strategy, reflecting a diversified portfolio typical of large institutional investment managers. The significant allocation to technology, financial, and consumer staples aligns with broader market trends observed among institutional investors seeking growth and stability.

Stakeholder Impact

• Shareholders and potential investors may face confusion due to the discrepancy between the summary page's stated total value and the detailed holdings, potentially impacting transparency and trust in the reported data.

Key Dates

Keywords

First Horizon Corp, 13F-HR, equity holdings, investment portfolio, institutional investor, SEC filing, common stock, ETFs, REITs, portfolio disclosure