Business Context and Reporting Period
This Form 13F-HR filing reports the equity holdings of Genworth Financial, Inc. as of the quarter ended September 30, 2010. The report was filed on November 12, 2010, and includes holdings managed by Genworth Financial, Inc. and one other included manager, Genworth Financial Wealth Management, Inc. (File Number 28-11546).
Key Financial Metrics
As a Form 13F filing, this document discloses equity portfolio holdings rather than the company's operational financial performance (revenue, profit, or cash flow). The following metrics relate to the reported investment portfolio:
- Total Portfolio Value: $2,169,234,000 (2,169,234 in thousands).
- Total Number of Holdings: 314 lines.
- Top Holdings by Value:
- SPDR S&P 500 ETF TR: $215,930,000
- POWERSHARES QQQ TRUST UNIT: $186,471,000
- ISHARES TR MSCI EAFE IDX ETF: $122,256,000
- ISHARES TR MSCI EMERG MKT ETF: $83,030,000
- LOWES COS INC: $18,477,000
- Investment Discretion: Sole discretion for all reported holdings.
Material Changes
The filing text does not provide comparative data for the prior quarter (June 30, 2010) or year-over-year changes. Consequently, material changes in holdings, value, or strategy cannot be determined from this document alone.
Guidance, Outlook, and Risks
This filing is a statutory disclosure of holdings and does not contain management commentary, forward-looking guidance, risk factors, or contingency plans regarding Genworth Financial's operations or future strategy.
Important Facts for Investors to Verify
- Portfolio Composition: The portfolio is heavily weighted toward Exchange Traded Funds (ETFs), particularly broad market indices (S&P 500, MSCI EAFE, MSCI Emerging Markets) and sector-specific funds (Technology, Bonds, Utilities).
- Reporting Scope: The report covers holdings for Genworth Financial, Inc. and Genworth Financial Wealth Management, Inc., indicating a consolidated view of their managed equity assets.
- Operational Data Absence: Investors seeking Genworth Financial's insurance or financial services revenue, earnings, or debt levels must refer to the company's Form 10-Q or 10-K filings, as this 13F only details their investment assets.
- Top Individual Stock: Among non-ETF holdings, Lowe's Cos Inc. represents the largest single position at approximately $18.5 million.