SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Wealthfront Corp
Filing Type: Form 13F Information Table
Reporting Period: December 31, 2016
Context: This filing discloses the equity securities held by Wealthfront Corp, a registered investment adviser, as of the end of the fourth quarter of 2016. The table lists holdings with sole voting and dispositive authority.
Key Financial Metrics and Portfolio Composition
The filing provides a list of holdings rather than corporate financial statements (revenue, profit, cash flow). Key portfolio metrics derived from the table include:
- Total Disclosed Holdings: 134 individual securities listed.
- Asset Class Mix: The portfolio is heavily weighted toward Exchange Traded Funds (ETFs), with significant allocations to broad market indices, international equities, and municipal bonds. Individual equity positions are present but represent smaller portions of the total value compared to the top ETF holdings.
- Top Holdings by Value:
- Vanguard FTSE E Total Stk Mkt: $15,793,079
- Vanguard FTSE D FTSE Dev Mkt ETF: $14,350,147
- Schwab Strategi Intl Eqty ETF: $13,238,631
- Vanguard Index FTSE EMR Mkt ETF: $5,084,530
- Ishares Core MS Core MSCI Emkt: $5,341,369
- Notable Individual Equities: Includes positions in Facebook Inc ($231,715), Microsoft Corp ($230,160), Apple Inc ($101,018), and Amazon.com Inc ($11,496).
Material Changes Versus Prior Period
The filing text does not provide data for the prior comparable period (September 30, 2016). Consequently, material changes in holdings, additions, or deletions cannot be determined from this document alone.
Guidance, Outlook, and Risks
Management Commentary: None provided. Form 13F is a regulatory disclosure of holdings and does not contain management discussion, guidance, or outlook.
Risks and Contingencies: The filing includes a standard disclaimer stating that the SEC has not reviewed the information for accuracy or completeness. No specific risk factors or contingencies regarding the company's operations are disclosed in this table.
Investor Verification Checklist
- Portfolio Strategy Alignment: Verify if the heavy concentration in passive index ETFs (Vanguard, Schwab, iShares) aligns with Wealthfront's advertised automated investing strategy.
- Individual Stock Exposure: Confirm the specific weight of individual tech stocks (e.g., Facebook, Microsoft) relative to the total portfolio value, as these appear to be minor components compared to the ETFs.
- Fixed Income Allocation: Note the presence of municipal bond ETFs (e.g., Ishares Trust National Mun ETF) and assess the tax-exempt bond exposure.
- Historical Comparison: Retrieve the Q3 2016 Form 13F to calculate turnover and identify specific trades made during the fourth quarter.