Business Context and Reporting Period
This Form 13F-HR filing reports the equity holdings of Brookfield Asset Management Inc. as of the period ended December 31, 2010. The report was signed on February 14, 2011, by Jeffrey Haar, Senior Vice President, Legal. The filing includes holdings for one other included manager: Brookfield Asset Management Private Institutional Capital Adviser (Canada) LP.
Key Financial Metrics
The filing discloses a total portfolio value of $8,140,014,000 (reported in thousands) across 16 distinct security entries. The portfolio is heavily concentrated in real estate and infrastructure sectors, with significant positions in Brookfield Properties Corp. and General Growth Properties Inc.
| Security | Value ($000s) | Shares Held |
|---|---|---|
| Brookfield Properties Corp. | 4,371,326 | 249,362,561 |
| General Growth Properties Inc. | 3,574,580 | 230,916,030 |
| Brookfield Homes Corp. | 172,687 | 18,370,978 |
| Tecumseh Products Co. | 6,525 | 500,000 |
| Diana Shipping Inc. | 6,010 | 50,000 |
Note: The filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity for the reporting manager itself, as Form 13F is a disclosure of holdings only.
Material Changes
The filing text does not provide comparative data for the prior quarter or year; therefore, material changes in holdings or portfolio value versus the prior comparable period cannot be determined from this document.
Guidance, Outlook, and Risks
This document is a statutory disclosure of holdings and does not contain management commentary, forward-looking guidance, risk factors, or contingencies. All reported shares are listed with "Defined" voting authority, indicating the manager has sole or shared voting power as defined by the form.
Key Facts for Investor Verification
- Portfolio Concentration: Approximately 99% of the reported portfolio value ($7.95 billion of $8.14 billion) is held in just two securities: Brookfield Properties Corp. and General Growth Properties Inc.
- Related Party Exposure: The manager holds significant positions in its own affiliated entities, including Brookfield Properties Corp., Brookfield Homes Corp., and Brookfield Infrastructure Partners.
- Reporting Scope: The report covers 16 entries but represents a subset of the manager's total activities, as it includes one other included manager.
- Missing Financials: Investors should not use this filing to assess the profitability, cash flow, or debt levels of Brookfield Asset Management Inc., as those metrics are not reported in Form 13F.