Business Context and Reporting Period
This Form 13F-HR filing reports the equity holdings of Fidelity National Financial, Inc. as of the quarter ended September 30, 2008. The report was signed by Anthony J. Park, Chief Financial Officer, on November 12, 2008. This filing discloses the investment manager's portfolio of common stocks and does not represent the operating financial results of Fidelity National Financial, Inc. itself.
Key Financial Metrics
The filing provides aggregate data regarding the reported holdings rather than the company's operational financials:
- Total Portfolio Value: $33,989,000 (reported in thousands).
- Total Number of Holdings: 21 issuers.
- Total Shares Reported: 8,667,179 shares.
- Largest Holding by Value: Buzztime Inc. ($1,462,000).
- Largest Holding by Share Count: Buzztime Inc. (6,644,611 shares).
Material Changes
The filing text does not provide comparative data against the prior quarter (June 30, 2008) or prior year periods. Consequently, material changes in portfolio composition, value, or share counts cannot be determined from this document alone.
Guidance, Outlook, and Risks
Form 13F filings are historical disclosures of holdings and do not contain management guidance, future outlook, risk factors, or commentary on contingencies. The filing indicates that voting authority for all reported positions is "Defined" and held solely by the reporting manager.
Important Facts for Investor Verification
- Scope Limitation: This document lists only the external equity investments held by Fidelity National Financial, Inc., not the company's own revenue, profit, or debt levels.
- Portfolio Concentration: The largest single position, Buzztime Inc., represents approximately 4.3% of the total reported portfolio value ($1.462M of $33.989M).
- Industry Exposure: The portfolio includes significant exposure to energy (Mariner Energy, Tesoro, Nexen, Imperial Oil), mining (Northgate Minerals, BHP Billiton), and transportation (Oceanfreight, Seaspn, Continental Airlines).
- Valuation Context: The total reported value of $33.989 million reflects market prices as of September 30, 2008, a period of significant market volatility.