SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Employers Holdings, Inc.
Filing Type: Form 13F Information Table
Reporting Period: Quarter ended September 30, 2020
Context: This filing discloses the equity securities held by Employers Holdings, Inc. as a registered investment manager. It details the issuer, class of security, CUSIP, value, and voting authority for each holding.
Key Financial Metrics and Portfolio Composition
Portfolio Overview: The filing lists 115 distinct equity positions. All holdings are reported as "Shares" (SH) with "Sole" voting authority and "Discretionary" management. No put or call options are reported.
Top Holdings by Value (in thousands):
- Apple Inc.: $12,029 (103,868 shares)
- Microsoft Corp.: $9,226 (43,865 shares)
- JPMorgan Chase & Co.: $4,312 (44,794 shares)
- UnitedHealth Group Inc.: $4,181 (13,410 shares)
- Amazon.com Inc.: $6,700 (2,128 shares)
Top Holdings by Share Count:
- Bank of America Corp.: 60,750 shares ($1,463 value)
- AT&T Inc.: 75,955 shares ($2,165 value)
- Apple Inc.: 103,868 shares ($12,029 value)
Liquidity and Debt: The filing text does not provide data on the company's cash flow, debt levels, or liquidity ratios, as Form 13F is strictly a disclosure of long-term equity holdings.
Material Changes and Comparisons
The provided text contains only the snapshot of holdings for the period ended September 30, 2020. It does not include the prior quarter's data or a schedule of changes (purchases/sales). Therefore, material changes versus the prior comparable period 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, financial guidance, or outlook statements.
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 portfolio are disclosed in this table.
Key Facts for Investor Verification
- Concentration Risk: Verify the total portfolio value to assess the concentration of the top 5 holdings (Apple, Microsoft, Amazon, JPMorgan, UnitedHealth) relative to the total assets under management.
- Valuation Timing: Confirm that the "Value" column reflects the market price as of September 30, 2020, and compare this to current market prices to assess unrealized gains or losses.
- Share Class Specifics: Note the specific share classes held (e.g., Alphabet Class A vs. Class C, Berkshire Hathaway Class A vs. Class B) to understand voting rights and dividend structures.
- Missing Data: Acknowledge that this filing does not disclose derivatives, short positions, or non-equity assets held by the company.