Filing Summary: Fidelity National Financial, Inc. (Form 13F)
Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Fidelity National Financial, Inc. for the reporting period ending June 30, 2024. The document discloses the company's holdings in 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 specific equity positions held by the company. Key metrics include the number of shares held and the aggregate market value of each position. Notable holdings include:
- F&G Annuities and Life Inc: 106,442,551 shares valued at approximately $5.26 billion.
- Alight Inc: 22,300,000 shares valued at approximately $164.57 million.
- Crescent Cap BDC Inc: 4,205,307 shares valued at approximately $78.98 million.
- Paysafe Limited: Combined holdings of 3,750,002 shares valued at approximately $66.30 million.
- Other Significant Holdings: Positions in AT&T, Blackstone, Chevron, Cisco, Citigroup, and others ranging from approximately $12 million to $30 million in value.
The filing text does not provide a clear value for the total aggregate portfolio value, total debt, liquidity, or operating margins of Fidelity National Financial, Inc. itself.
Material Changes and Voting Authority
The filing indicates the type of voting authority held for each position:
- Sole Discretion: The majority of listed positions (e.g., Alight, AT&T, F&G Annuities) are held with sole voting authority.
- Discretionary (DFND): Certain positions, including Crescent Cap BDC Inc and a portion of Paysafe Limited, are held with discretionary authority.
As this is a snapshot of holdings at a specific date, the filing text does not provide a clear value for material changes compared to the prior comparable period (March 31, 2024).
Guidance, Outlook, and Risks
The filing text does not provide a clear value for management commentary, future guidance, outlook, specific risks, or contingencies. The document includes a standard disclaimer stating that the SEC has not reviewed the information and that readers should not assume it is accurate or complete.
Key Facts for Investor Verification
- Verify the total aggregate value of the portfolio by summing the individual position values, as the total is not explicitly stated in the text.
- Confirm the nature of the "DFND" (Discretionary) holdings to understand if these represent managed accounts or specific fund structures.
- Cross-reference the large position in F&G Annuities and Life Inc ($5.26B) to determine if this represents a strategic investment or a subsidiary holding.
- Compare these June 30, 2024 holdings against the March 31, 2024 13F filing to identify significant buy/sell activity.