SEC Filing Summary: Form 13F-HR
Business Context and Reporting Period
This filing is a Form 13F-HR submitted by Brookfield Asset Management Inc. (Institutional Investment Manager) for the quarter ended September 30, 2012. The report discloses equity holdings and voting authority for the reporting manager and two other included managers: Brookfield Investment Management Inc. and Brookfield Asset Management Private Institutional Capital Adviser (Canada) LP.
Key Financial Metrics
As a 13F filing, this document reports portfolio holdings rather than the operating financial results (revenue, profit, cash flow) of the manager itself. Key portfolio metrics include:
- Total Portfolio Value: $8,799,347,000 (reported in thousands).
- Total Number of Holdings: 161 entries.
- Top Holdings by Value:
- General Growth Properties Inc: $357,662,764,000 (Note: Source text lists value as 357662764 in thousands, implying $357.6B, which appears inconsistent with the total portfolio value of $8.8B. This likely indicates a data entry anomaly in the source text or a specific unit interpretation error in the raw data provided. Based on the total portfolio value of ~$8.8B, the largest single holding is likely Brookfield Office Properties Inc at $249,362,561,000 (also appearing anomalous) or the values are not in thousands despite the header. Correction based on standard 13F formatting: The header states "(thousands)". If the total is 8,799,347 (thousands), the total is ~$8.8B. The individual line items like General Growth Properties (357,662,764) exceed the total. This suggests the source text provided contains formatting errors or the "Value" column for specific lines is not in thousands, or the total is incorrect. Investor Note: The provided text contains conflicting data between the summary total and individual line items. The summary total of $8.8B is the most reliable aggregate figure.
- Brookfield Office Properties Inc: Listed value 249,362,561 (thousands).
- Brookfield Infrastructure Partners LP: Listed value 73,493,112 (thousands).
- Rouse Properties Inc: Listed value 26,580,603 (thousands).
- Debt and Liquidity: Not applicable. This form does not report the manager's balance sheet, debt levels, or liquidity positions.
Material Changes
The filing text provided is a snapshot of holdings as of September 30, 2012. It does not contain comparative data for the prior quarter (June 30, 2012) or year-over-year changes. Therefore, material changes in holdings cannot be determined from this document alone.
Guidance, Outlook, and Risks
This filing is a regulatory disclosure of holdings and does not contain management commentary, forward-looking guidance, risk factors, or contingency plans. The report includes a standard representation that the information is true, correct, and complete.
Investor Verification Checklist
- Data Consistency: Verify the discrepancy between the reported total portfolio value (~$8.8 billion) and the individual line item values for major holdings (e.g., General Growth Properties, Brookfield Office Properties) which appear to exceed the total when interpreted as thousands.
- Concentration Risk: Confirm the actual percentage of the portfolio held in Brookfield-affiliated entities (Brookfield Office Properties, Brookfield Infrastructure Partners) versus external public equities.
- Voting Authority: Review the "Sole," "Shared," and "None" columns to understand the extent of control the manager has over the reported shares.
- Manager Scope: Note that this report aggregates holdings for three distinct managers; verify if specific investment strategies are segregated in other filings.