Business Context and Reporting Period
This Form 13F-HR is a quarterly holdings report filed by Brookfield Asset Management Inc. (and three other included managers) for the period ended December 31, 2011. The report discloses the institutional investment manager's equity holdings in U.S. securities as of the reporting date. The filing was signed by Brian Lawson, Senior Managing Partner, on February 14, 2012.
Key Financial Metrics
As this is a Form 13F filing, it reports portfolio holdings rather than the operating financial results (revenue, profit, cash flow) of Brookfield Asset Management itself. The following metrics reflect the reported portfolio:
- Total Portfolio Value: $11,948,209,000 (approx. $11.95 billion).
- Number of Holdings: 113 entries reported in the information table.
- Confidential Information: The filing notes that confidential information has been omitted and filed separately.
- Top Holdings by Value:
- Brookfield Office Properties Inc.: $249,362,561,000 (Note: Value appears anomalously high in source text, likely a data entry error in the raw filing or unit misalignment, as it exceeds total portfolio value).
- Brookfield Residential Properties: $73,493,112,000 (Note: Similar anomaly in source text).
- General Growth Properties Inc.: $355,724,031,000 (Note: Similar anomaly in source text).
- Howard Hughes Corp: $2,424,618,000.
- Bank of America Corporation: $5,603,500,000.
Analyst Note: The source text lists specific holding values (e.g., Brookfield Office Properties at $249 billion) that mathematically exceed the stated "Form 13F Information Table Value Total" of $11.9 billion. This suggests a potential data formatting error in the provided text (e.g., missing decimal points or incorrect unit scaling) or that the "Value" column for specific lines represents a different metric than the summary total. The summary total of $11.9 billion is the only reliable aggregate figure provided.
Material Changes
The filing text does not provide comparative data for the prior quarter (September 30, 2011) or prior year. Therefore, material changes in holdings, additions, or deletions cannot be determined from this document alone.
Guidance, Outlook, and Risks
Form 13F filings are strictly historical disclosures of holdings and do not contain management commentary, forward-looking guidance, risk factors, or contingency plans. No such information is present in this document.
Important Facts for Investor Verification
- Data Integrity Check: Verify the specific line-item values for Brookfield Office Properties, Brookfield Residential, and General Growth Properties, as the raw text lists values exceeding the total portfolio sum.
- Scope of Report: Confirm that the $11.9 billion total includes holdings for the three other included managers (Brookfield Investment Management Inc., AMP Capital Brookfield (US) LLC, and Brookfield Asset Management Private Institutional Capital Adviser (Canada) LP).
- Confidential Filings: Note that certain holdings or details were omitted from this public filing and filed separately with the SEC.
- Reporting Entity: Ensure the distinction is made between the holdings of the investment manager (Brookfield Asset Management) and the operating performance of the underlying portfolio companies (e.g., Brookfield Office Properties).