SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: BROOKFIELD Corp
Filing Type: Form 13F Information Table (Statement of Holdings)
Reporting Period: Quarter ended March 31, 2016
Context: This filing discloses the equity securities held by the investment manager as of the end of the quarter. It is a regulatory disclosure of portfolio composition, not a financial performance report containing revenue or profit data.
Key Financial Metrics and Portfolio Composition
Revenue, Profit, Cash Flow, Margins, Debt, Liquidity: The filing text does not provide a clear value for these metrics. Form 13F filings report holdings, not the operating financial results of the reporting company.
Portfolio Overview: The table lists numerous equity positions across various sectors, including Real Estate Investment Trusts (REITs), Energy, Utilities, and Industrials. Voting authority is categorized as Sole, Shared, or None.
| Issuer | Shares Held | Value ($000s) | Voting Authority |
|---|---|---|---|
| General Growth Properties, Inc. | 8,904,283 | 299,504,977 | Sole |
| Brookfield Property Partners LP | 1,051,607 | 45,249,882 | Sole |
| Brookfield Renewable Energy Partners LP | 1,047,906 | 40,026,986 | Sole |
| Brookfield Canada Office Properties Trust | 238,009 | 10,564,117 | Sole |
| Brandywine Realty Trust | 155,082 | 11,053,592 | Sole |
| Transalta Corporation | 65,267 | 14,007,164 | Sole |
| CBL & Associates Properties Inc. | 164,387 | 13,814,059 | Sole |
Material Changes and Portfolio Activity
Comparison to Prior Period: The filing text does not provide a clear value for changes versus the prior comparable period. Form 13F tables list current holdings but do not explicitly state the delta from the previous quarter within the data rows provided.
Notable Holdings: The portfolio shows significant concentration in real estate and infrastructure-related entities, including substantial positions in Brookfield-affiliated entities (Property Partners, Renewable Energy Partners, Canada Office Properties) and major REITs (General Growth Properties, Brandywine, CBL).
Guidance, Risks, and Contingencies
Management Commentary: The filing text does not provide a clear value for management commentary, guidance, or outlook. This form is a statutory disclosure of holdings and does not contain narrative sections for forward-looking statements.
Risks and Contingencies: No specific risks or contingencies are detailed in this filing. The standard SEC disclaimer notes that the Commission has not reviewed the information for accuracy.
Unusual Items: The filing includes a mix of common stock, limited partnership units, and preferred shares. Some positions include derivative instruments (Put/Call options) as indicated by the "Put" or "Call" designations in the "Put/Call" column (e.g., Bank of Nova Scotia, HSBC Holdings, SPDR ETFs).
Key Facts for Investor Verification
- Top Holdings: Verify the valuation and status of the largest position, General Growth Properties, Inc. ($299.5M), and Brookfield-affiliated entities which represent a significant portion of the disclosed value.
- Voting Rights: Note that while many positions have "Sole" voting authority, several large positions (e.g., American Homes 4 Rent, American Tower, AvalonBay) have "Shared" voting authority, indicating joint control or co-investment structures.
- Derivative Exposure: Confirm the nature of positions marked with "Put" or "Call" (e.g., Bank of Nova Scotia, HSBC, SPDR S&P 500 ETF) to understand hedging strategies or directional bets.
- Affiliate Concentration: Assess the concentration risk associated with the multiple holdings in Brookfield-branded entities (Property Partners, Renewable Energy, Canada Office Properties).
- Data Limitations: Acknowledge that this document does not contain revenue, profit, or cash flow data for Brookfield Corp itself; those metrics must be sourced from 10-Q or 10-K filings.