Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Carlyle Group Inc. for the reporting period ending December 31, 2014. The document discloses the equity securities held by the investment manager at the end of the quarter. It does not contain operational financial statements, revenue data, or management commentary regarding the company's own business performance.
Key Financial Metrics and Portfolio Composition
The filing details a portfolio of equity securities and exchange-traded funds (ETFs). Key metrics derived from the table include:
- Total Portfolio Value: The sum of the "Value" column (in thousands) across all listed holdings is approximately $1,036,500,000 ($1.04 billion).
- Top Holdings by Value:
- Freescale Semiconductor Hldg: $196,136,895 (4,948,534 shares)
- Axalta Coating Sys Ltd: $170,311,996 (Combined value of two entries)
- CommScope Hldg Co Inc: $101,216,970 (Combined value of two entries)
- Booz Allen Hamilton Hldg Cor: $52,459,885
- Sandridge Energy Inc: $51,370,888
- Asset Class Mix: The portfolio includes significant exposure to energy (e.g., Sandridge Energy, Cobalt Intl Energy), technology (e.g., Freescale Semiconductor), and diversified ETFs (e.g., IShares, Vanguard, SPDR).
- Voting Authority: The manager reported "Sole" voting authority for the majority of positions, with "Shared" authority noted for specific holdings such as Axalta Coating Sys Ltd, China Recycling Energy Corp, and Nielsen Holdings N V.
Material Changes Versus Prior Period
Not Applicable. This filing is a snapshot of holdings as of December 31, 2014. The provided text does not contain comparative data from the prior quarter (September 30, 2014) or year-over-year figures to determine material changes in position size or portfolio composition.
Guidance, Outlook, and Risks
Not Applicable. Form 13F filings are regulatory disclosures of holdings and do not include forward-looking guidance, management commentary, risk factors, or contingency plans. The filing includes a standard disclaimer stating that the SEC has not reviewed the information for accuracy or completeness.
Important Facts for Investor Verification
- Scope of Data: This document reflects only the equity holdings of the investment manager. It does not represent the total assets under management (AUM) of Carlyle Group Inc., which likely includes private equity, real estate, and credit assets not reported on Form 13F.
- Valuation Basis: The "Value" column represents the market value of the securities at the end of the reporting period. It does not reflect the cost basis or unrealized gains/losses.
- Concentration Risk: The top five holdings represent a significant portion of the reported equity portfolio value, indicating concentration in specific sectors (Technology, Energy, Industrial).
- Shared Authority: Investors should note positions where voting authority is "Shared" (e.g., Axalta, Nielsen), which may indicate co-investment structures or specific fund mandates.