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 March 31, 2009. The report was signed on May 13, 2009, by Patricia Merrill, Senior Counsel. The filing covers the investment portfolio managed by Genworth Financial, Inc. and includes one other included manager: Genworth Financial Asset Management, Inc. (File Number 28-11546).
Key Financial Metrics
As a Form 13F filing, this document reports equity holdings rather than the operating financial performance (revenue, profit, cash flow) of Genworth Financial itself. The following metrics reflect the reported investment portfolio:
- Total Portfolio Value: $1,660,025,000 (1,660,025 in thousands).
- Total Number of Holdings: 267 lines.
- Investment Discretion: Sole discretion for all reported positions.
- Top Holdings by Value:
- Ishares Tr Barclays 1-3 Yr ETF: $3,850,191,000 (Note: Value appears inconsistent with total; likely a data entry anomaly in source or specific ETF valuation method, but listed as such in text).
- Ishares Tr Iboxx Inv Cpbd ETF: $2,157,474,000.
- Ishares Tr Barclays Sh Trea ETF: $1,897,124,000.
- Ishares Tr S&P500 Grw ETF: $1,681,831,000.
- Fifth Street Finance Corp: $1,473,379,000.
Note: The sum of individual line items in the provided text exceeds the stated "Value Total" of $1.66 billion, suggesting the "Value Total" on the summary page may refer to a specific subset or there is a discrepancy in the provided text data versus the summary line. The individual line items listed above are taken directly from the text provided.
Material Changes and Portfolio Composition
This filing is a quarterly snapshot and does not provide comparative data against the prior period (December 31, 2008) within the text provided. However, the portfolio composition indicates a heavy allocation to fixed-income ETFs (Ishares Barclays series) and large-cap equity ETFs (S&P 500, Russell 1000). Significant individual equity positions include:
- Technology: Cisco Systems ($442.9M), Microsoft ($266.1M), Oracle ($521.0M).
- Consumer: Walgreen Co ($462.3M), Lowe's Cos ($606.2M), Target Corp ($351.4M).
- Financials: Mitsubishi UFJ Financial Group ($1.24B), JPMorgan Chase ($225.8M).
- Healthcare: Bristol-Myers Squibb ($387.7M), Procter & Gamble ($406.2M).
Guidance, Outlook, and Risks
The filing text does not contain management commentary, forward-looking guidance, risk factors, or contingencies regarding Genworth Financial's own business operations. Form 13F filings are strictly regulatory disclosures of long-term equity holdings and do not include narrative sections on strategy or outlook.
Investor Verification Checklist
- Verify the discrepancy between the reported "Value Total" ($1.66B) and the sum of the largest individual ETF holdings listed in the text, which individually exceed this total.
- Confirm the specific role of "Genworth Financial Asset Management, Inc." as the other included manager and whether the holdings are aggregated or distinct.
- Review the concentration risk in fixed-income ETFs (Ishares Barclays series) which dominate the top value positions.
- Check subsequent filings (13F-HR for June 30, 2009) to determine if these large ETF positions were maintained or liquidated.