Business Context and Reporting Period
This Form 13F-HR filing reports the equity holdings of Fidelity National Financial, Inc. as of the period ended December 31, 2012. The report was filed on February 14, 2013, by Michael L. Gravelle, Executive Vice President, General Counsel, and Corporate Secretary. The filing covers 22 distinct security positions held by the institutional investment manager.
Key Financial Metrics
The filing provides aggregate portfolio data rather than the operating financials of Fidelity National Financial, Inc. itself.
- Total Portfolio Value: $129,640,000 (reported as $129,640 in thousands).
- Number of Positions: 22.
- Largest Holding by Value: Fidelity National Information Services ($55,830,000).
- Debt, Liquidity, and Margins: The filing text does not provide a clear value for these metrics as Form 13F reports only equity holdings, not the issuer's balance sheet or income statement.
Material Changes and Portfolio Composition
As this is a snapshot of holdings at a specific date, the filing does not contain comparative data against a prior period to determine material changes in value or position size. The portfolio is diversified across various sectors, with significant allocations to:
- Energy and Pipelines: Linn Energy, LLC ($9,155,000), Atlas Pipeline Partners LP ($5,919,000), TC Pipelines LP ($5,610,000), and ConocoPhillips ($5,410,000).
- Consumer Staples: Proctor & Gamble Co ($6,646,000), Johnson & Johnson ($6,765,000), and Kellogg Co ($1,071,000).
- Technology and Services: Fidelity National Information Services ($55,830,000) and Hewlett Packard Company ($428,000).
Guidance, Outlook, and Risks
The filing text does not provide a clear value for management guidance, future outlook, specific risk factors, or contingencies. Form 13F is a regulatory disclosure of current holdings and does not include forward-looking statements or management commentary.
Important Facts for Investor Verification
- Verify the distinction between the reporting entity (Fidelity National Financial, Inc.) and its largest holding (Fidelity National Information Services), which represents approximately 43% of the reported portfolio value.
- Confirm that the total reported value of $129.64 million represents only the equity securities disclosed in this specific 13F filing and does not reflect the total assets under management or the full balance sheet of the company.
- Note that the filing contains no data on short positions, derivatives, or non-equity assets.