Business Context and Reporting Period
This Form 13F-HR filing reports the equity holdings of Fidelity National Financial, Inc. (formerly Fidelity National Title Group, Inc.) as of the quarter ended September 30, 2006. The report was signed by Anthony J. Park, Chief Financial Officer, on November 17, 2006. The filing aggregates holdings for Fidelity National Financial, Inc., Fidelity National Title Group, Inc., and their subsidiaries, reflecting the status as if the merger transactions had occurred on the reporting date.
Key Financial Metrics
As a Form 13F filing, this document discloses investment portfolio positions rather than the operating financial performance (revenue, profit, cash flow) of the reporting manager itself. Key portfolio metrics include:
- Total Portfolio Value: $192,458,000 (reported in thousands).
- Total Shares Held: 17,190,067 shares across all positions.
- Number of Positions: 43 distinct issuers listed.
- Largest Holding by Value: Coley Pharmaceutical Group Inc. ($1,283,764).
- Largest Holding by Share Count: NTN Buzztime Inc. (6,644,611 shares).
Material Changes and Portfolio Composition
The filing does not provide comparative data against the prior quarter to determine material changes in holdings. The portfolio is diversified across multiple sectors, including technology (Microsoft, Yahoo, Apple Computer), energy (Halliburton, Schlumberger, Valero Energy), and consumer goods (Home Depot, Altria Group). Voting authority for all listed positions is classified as "Defined" with "Sole" authority.
Guidance, Risks, and Unusual Items
This filing type does not contain management guidance, outlook, or risk factors regarding the reporting manager's operations. The only notable disclosure is the footnote regarding the aggregation of holdings between Fidelity National Financial, Inc. and Fidelity National Title Group, Inc., indicating a corporate restructuring context.
Investor Verification Checklist
- Verify the total portfolio value of $192.5 million against the company's total assets to determine the significance of this investment portfolio.
- Confirm the status of the merger between Fidelity National Financial, Inc. and Fidelity National Title Group, Inc., as the report assumes the transaction occurred on September 30, 2006.
- Review the concentration risk in the top 5 holdings, which represent a significant portion of the reported value.
- Note that this filing does not disclose debt, liquidity, or operating margins for Fidelity National Financial, Inc.