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 March 31, 2018. The document discloses the company's holdings of equity securities as of the end of the quarter. It does not contain financial performance data (revenue, profit, cash flow) for Fidelity National Financial, Inc. itself, but rather lists the external securities held in its portfolio.
Key Financial Metrics and Portfolio Composition
The filing details a portfolio of 27 distinct issuers. Key metrics derived from the table include:
- Total Disclosed Positions: 27 issuers.
- Largest Holding by Value: FGL Holdings (FGL Hldgs) with a value of $16,732,000 (16,732,000 shares).
- Second Largest Holding by Value: Invitation Homes Inc with a value of $2,157,039 (2,157,039 shares).
- Third Largest Holding by Value: Cannae Holdings Inc with a value of $5,706,134 (5,706,134 shares).
- Voting Authority: All listed positions are reported with "SOLE" voting authority.
- Derivatives: One position includes warrants (FGL Hldgs *W EXP 11/30/202) valued at $1,500,000.
Material Changes Versus Prior Period
The filing text provided does not contain data for the prior comparable period (December 31, 2017). Consequently, no analysis of material changes, additions, or deletions in the portfolio can be performed based on this document alone.
Guidance, Outlook, and Risks
As a statutory disclosure of holdings, this Form 13F does not contain management commentary, forward-looking guidance, risk factors, or contingencies regarding Fidelity National Financial, Inc.'s own operations. The filing includes a standard disclaimer stating that the SEC has not reviewed the information for accuracy or completeness.
Important Facts for Investor Verification
- Significant Concentration: The portfolio shows a heavy concentration in FGL Holdings (likely a subsidiary or related entity), which represents the single largest asset by value ($16.7M) and share count.
- Industry Exposure: The portfolio includes significant exposure to the energy sector (Chevron, ConocoPhillips, Exxon Mobil, Targa Resources, TC Pipelines) and real estate (Invitation Homes).
- Warrant Position: The firm holds 1,500,000 warrants for FGL Holdings expiring on November 30, 2020, valued at $1.5M.
- Data Limitation: This document lists holdings only; it does not provide the total assets under management, total portfolio value, or the company's own financial health.