SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: WEALTHFRONT CORP
Filing Type: Form 13F Information Table
Reporting Period: June 30, 2016
Context: This filing discloses the equity securities held by Wealthfront Corp as of the end of the second quarter of 2016. The report lists individual holdings with sole voting and dispositive authority.
Key Financial Metrics and Portfolio Composition
Total Portfolio Value: The filing lists individual security values in thousands of dollars. The aggregate value of the reported holdings is approximately $112.5 million (sum of Column 5).
Top Holdings by Value (in thousands):
- Vanguard FTSE Emerging Markets ETF: $14,146,727
- Schwab Strategic International Equity ETF: $11,680,623
- Vanguard FTSE Developed Markets ETF: $10,861,159
- Vanguard Index Total Stock Market ETF: $4,269,333
- Schwab Strategic US Broad Market ETF: $3,506,158
Asset Class Breakdown: The portfolio is heavily weighted toward Exchange Traded Funds (ETFs), particularly broad market index funds (S&P 500, Total Stock Market, International, Emerging Markets) and sector-specific funds (Energy, REITs, Dividend). Individual equity positions include major technology (Apple, Microsoft, Facebook), financials (JPMorgan, Bank of America), and consumer staples (Procter & Gamble, Coca-Cola).
Material Changes and Observations
Comparison to Prior Period: The provided text contains only the snapshot for the period ending June 30, 2016. It does not include data for the prior quarter (March 31, 2016) or year-over-year comparisons. Therefore, material changes in holdings, additions, or deletions cannot be determined from this document alone.
Unusual Items: The filing includes a position in "PROTOCALL TECHN" with a reported value of $0 but a share count of 340,410. This indicates a holding with negligible market value at the reporting date.
Guidance, Outlook, and Risks
Management Commentary: Form 13F filings are statutory disclosures of holdings and do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies: The filing includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy or completeness. The primary risk inherent in this portfolio, based on the holdings, is broad market exposure through significant allocations to index funds and large-cap equities.
Key Facts for Investor Verification
- Portfolio Concentration: Verify the concentration risk in the top 5 holdings, which are all ETFs representing over $44 million of the reported portfolio.
- Zero-Value Position: Investigate the "PROTOCALL TECHN" holding listed with $0 value to understand if it represents a distressed asset or a data anomaly.
- Turnover Rate: Compare this filing with the Q1 2016 13F filing to determine the fund's trading frequency and strategy adherence.
- Authority: Confirm that Wealthfront Corp maintains "Sole" voting and dispositive authority for all listed securities, indicating direct control over these assets.