FORM 13F: FILINGS DUE AUGUST 15

 

The August 15 deadline for investment advisers to make Form 13F filings to report equity security securities holdings of their managed accounts is approaching.  Form 13F must be filed within 45 days of the end of a calendar quarter.

As required by Section 13(f) of the Securities Exchange Act of 1934, and rule 13f-1, Institutional investment managers ( which includes investment advisers)  must file Form 13F with the SEC if they exercise investment discretion for accounts holding Section 13(f) securities.  Section 13(f) securities are defined in the rules as securities having an aggregate fair market vaule of at least $100 million on the last trading day of any month of any calendar year. 

What types of securities are Section 13F securities? The SEC has said that “[s]ection 13(f) securities generally include equity securities that trade on an exchange (including the Nasdaq National Market System), certain equity options and warrants, shares of closed-end investment companies, and certain convertible debt securities.  The shares of open-end investment companies (i.e., mutual funds) are not Section 13(f) securities.”  Advisers can find Section 13(f) securities on the Official List of Section 13(f) Securities.  An updated list of 13(f) securities is published on a quarterly basis.

Advisers can also find valuable information about the filing’s requirements in the Frequently Asked Questions About Form 13F.   

Author: Dexter Johnson

The author is a an attorney who for the past 14 years has concentrated his practice in representing, successfully, investment advisers, broker-dealers, corporations and individuals who are subject to SEC, FINRA, State or other regulations and who may be the subject of regulatory examination, review or investigation. He formerly worked at the SEC. His regulatory and litigation experience has encompassed virtually every type of securities issue in the industry. He has also negotiated favorable outcomes in many of these matters for his clients.