SEC Form 13F Information Table Summary
Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Fidelity National Financial, Inc. for the reporting period ending September 30, 2021. The document discloses the company's holdings of equity securities as required by the Securities and Exchange Commission. It does not contain the company's own financial performance data (revenue, profit, etc.) but rather details its investment portfolio.
Key Financial Metrics and Portfolio Composition
The filing lists 37 distinct equity positions. Key portfolio characteristics include:
- Total Positions: 37 issuers reported.
- Largest Holdings by Value:
- Paysafe Limited: $348,750,000 (45,000,000 shares, Sole Discretion).
- Alight Inc: $172,200,000 (15,000,000 shares, Sole Discretion).
- Cannae Hldgs Inc: $179,679,000 (5,775,598 shares, Sole Discretion).
- Invitation Homes Inc: $76,660,000 (2,000,000 shares, Sole Discretion).
- Sabre Corp: $15,031,000 (1,269,497 shares, Sole Discretion).
- Voting Authority: The vast majority of positions are held with Sole voting authority. Two positions (Crescent Cap BDC Inc and a portion of Paysafe Limited) are held with Shared (DFND) voting authority.
- Derivatives: No Put or Call options are reported in this table.
Material Changes
The filing text provided is a static snapshot of holdings as of September 30, 2021. It does not provide comparative data against the prior quarter (June 30, 2021) or year-over-year changes. Therefore, material changes in position size or new entries cannot be determined from this document alone.
Guidance, Outlook, and Risks
As a statutory disclosure of holdings, this Form 13F does not contain management commentary, financial guidance, outlook, risk factors, or contingencies regarding Fidelity National Financial, Inc.'s own operations. It strictly lists the securities held by the reporting manager.
Investor Verification Checklist
- Verify the total aggregate value of the portfolio by summing the "Value" column, noting that this represents only the reported equity holdings and not the company's total assets.
- Confirm the concentration risk associated with the top 5 holdings, which represent a significant portion of the reported value.
- Review the "Voting Authority" column to distinguish between positions where Fidelity National Financial has sole control versus shared control (DFND).
- Check subsequent filings (e.g., Q4 2021) to determine if the large positions in Paysafe Limited and Alight Inc were maintained, increased, or liquidated.
- Note that the filing includes a standard disclaimer that the SEC has not reviewed the information for accuracy.