SEC Filing Summary: Genworth Financial, Inc. (Form 13F-HR)
Business Context and Reporting Period
This filing is a Form 13F Holdings Report submitted by Genworth Financial, Inc., an institutional investment manager, for the quarter ended June 30, 2012. The report was signed on August 7, 2012, by Patricia Merrill, Senior Counsel. The filing covers the investment portfolio managed by Genworth Financial, Inc. and includes one other included manager: Genworth Financial Wealth Management, Inc. (File Number 28-11546).
Key Financial Metrics
As a Form 13F filing, this document reports equity holdings and does not contain the company's own operating revenue, profit, or cash flow data. The following metrics reflect the reported investment portfolio:
- Total Portfolio Value: $2,098,699,000 (approx. $2.1 billion).
- Total Number of Holdings: 378 distinct entries.
- Investment Discretion: Sole discretion for all reported holdings.
- Top Holdings by Value (Selected):
- SPDR S&P 500 ETF Trust: $138,428,000
- SPDR Gold Trust: $73,553,000
- ISHARES TR BARCLYS CR BD ETF: $65,987,000
- ISHARES TR BARCLYS MBS BD ETF: $51,567,000
- SPDR SERIES TRUST BRCLYS YLD ETF: $47,127,000
Material Changes and Portfolio Composition
The filing does not provide comparative data against the prior quarter (March 31, 2012) to calculate material changes in holdings. However, the portfolio composition indicates a diversified strategy with significant exposure to:
- Exchange-Traded Funds (ETFs): A substantial portion of the portfolio is allocated to broad market indices (S&P 500, Russell 2000), international markets (MSCI EAFE, Emerging Markets), and fixed income (Barclays Aggregate, Corporate Bond, and Mortgage-Backed Securities ETFs).
- Individual Equities: Notable individual stock positions include Microsoft Corp ($12.7M), Coca-Cola Co ($11.0M), International Business Machines ($10.8M), and Philip Morris Intl Inc ($9.6M).
- Commodities: Significant allocation to gold via SPDR Gold Trust ($73.6M).
Guidance, Risks, and Contingencies
This filing type (Form 13F) does not contain management commentary, forward-looking guidance, risk factors, or contingency disclosures regarding Genworth Financial's own business operations. It is a statutory disclosure of securities held.
Key Facts for Investor Verification
- Portfolio Size: Verify the total reported value of approximately $2.1 billion against the company's total assets under management (AUM) to understand the scope of this specific reporting entity.
- Related Entity: Note that the report includes holdings for "Genworth Financial Wealth Management, Inc." as an included manager; investors should determine if this represents a distinct business segment or a consolidated view.
- Asset Allocation: The heavy weighting in ETFs (particularly fixed income and broad equity indices) suggests a passive or index-tracking strategy for this specific portfolio, rather than active stock picking.
- Missing Data: This document does not provide data on Genworth Financial's core insurance business performance, debt levels, or liquidity position. Those metrics must be sourced from the company's Form 10-Q or 10-K filings.