SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Wealthfront Corp
Filing Type: Form 13F Information Table
Reporting Period: Quarter ended March 31, 2018
Context: This filing discloses the equity securities held by Wealthfront Corp, a registered investment adviser, as of the end of the first quarter of 2018. The filing lists holdings where the adviser has sole voting or dispositive authority.
Key Financial Metrics and Portfolio Composition
Total Portfolio Value: The filing lists individual security values but does not explicitly state a total aggregate portfolio value in the text provided. Summing the disclosed values indicates a portfolio in the hundreds of millions of dollars.
Asset Class: The portfolio is heavily concentrated in Exchange Traded Funds (ETFs) and individual common stocks.
Top Holdings by Value:
- Vanguard Tax Managed Int'l Fd (FTSE Dev Mkt ETF): $26,061,343
- Vanguard Int'l Equity Index Fd (FTSE EMR Mkt ETF): $25,681,201
- Schwab Strategic Tr Int'l Eqty ETF: $25,656,565
- iShares Inc Core MSCI EMKT: $9,956,822
- Schwab Strategic Tr US Brd Mkt ETF: $9,222,942
Material Changes and Portfolio Structure
Investment Strategy: The portfolio demonstrates a significant allocation to international and emerging market equities via ETFs, comprising the top three holdings. Domestic exposure is present through broad market ETFs (e.g., Schwab US Brd Mkt, Vanguard S&P 500) and individual large-cap stocks.
Voting Authority: Wealthfront Corp reports "Sole" voting and dispositive authority for all listed securities. No "Shared" or "None" authority is reported for these positions.
Comparison: As this is a snapshot of holdings for Q1 2018, the filing text does not provide comparative data against the prior period (Q4 2017) to determine material changes in position size or strategy.
Guidance, Risks, and Unusual Items
Guidance and Outlook: Form 13F filings are historical disclosures of holdings and do not contain forward-looking guidance, management commentary, or earnings outlooks.
Risks and Contingencies: The filing includes a standard disclaimer that the SEC has not reviewed the information for accuracy. No specific risk factors or contingencies regarding the company's operations are disclosed in this document.
Unusual Items: The portfolio contains a mix of standard large-cap equities (e.g., Apple, Microsoft, Amazon) and sector-specific ETFs (e.g., Energy, Real Estate). No unusual derivatives or complex instruments are explicitly detailed beyond standard ETF structures.
Key Facts for Investor Verification
- Asset Allocation: Verify the heavy weighting toward international and emerging market ETFs, which dominate the top holdings by value.
- Top Individual Stocks: Confirm the specific positions in major technology and financial firms, including Bank of America ($503,392), Microsoft ($376,603), and Apple ($221,674).
- Authority Type: Note that Wealthfront Corp exercises sole voting authority over all reported positions, indicating direct control over these assets.
- Missing Data: Be aware that this filing does not disclose the firm's own financial health (revenue, profit, debt) or the total assets under management (AUM) for the firm as a whole.
- Reporting Lag: Form 13F filings are submitted 45 days after the quarter end; this data reflects the portfolio status as of March 31, 2018, not current market conditions.