SEC Form 13F Information Table Summary
Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Fidelity National Financial, Inc. for the reporting period ending December 31, 2019. The document discloses the company's holdings of equity securities as required by the Securities and Exchange Commission. It does not contain the company's own financial performance data (revenue, profit, cash flow) but rather details its investment portfolio.
Key Financial Metrics and Portfolio Composition
The filing lists 30 equity positions with a total reported value derived from the sum of individual holdings. Key portfolio characteristics include:
- Top Holding by Value: FGL Holdings (FGL Hldgs) with a value of $179,953,000 (16,897,000 shares).
- Significant Holdings: Cannae Holdings ($212,211,000), AT&T Inc ($25,005,000), and AbbVie Inc ($25,702,000).
- Voting Authority: The company reports Sole voting authority for all listed positions. No shared or none voting authority is reported.
- Derivatives: No put or call options are reported in the "PRN AMT" or "PUT/CALL" columns.
Material Changes and Comparisons
The filing text provided is a standalone snapshot of holdings as of December 31, 2019. It does not include comparative data from the prior quarter or year. Therefore, material changes in position size or value versus the prior comparable period cannot be determined from this document alone.
Guidance, Outlook, and Risks
Form 13F filings are statutory disclosures of holdings and do not contain management commentary, forward-looking guidance, risk factors, or contingency plans. The filing includes a standard disclaimer stating that the SEC has not reviewed the information for accuracy or completeness.
Investor Verification Checklist
- Verify the total aggregate value of the portfolio by summing the "VALUE" column to assess the scale of the investment arm relative to the company's balance sheet.
- Confirm the concentration risk associated with the top holding, FGL Holdings, which represents a significant portion of the disclosed equity value.
- Check subsequent filings (e.g., Q1 2020) to determine if the large position in FGL Holdings was maintained, increased, or liquidated.
- Review the company's 10-K or 10-Q for the same period to understand how these investments are classified (e.g., trading securities, available-for-sale) and their impact on earnings.