SEC Filing Summary: Genworth Financial, Inc. (Form 13F-HR)
Business Context and Reporting Period
This filing is a Form 13F Holdings Report submitted by Genworth Financial, Inc., an institutional investment manager, for the quarter ended June 30, 2010. The report was signed by Patricia Merrill, Senior Counsel, on August 11, 2010. The filing covers the investment portfolio managed by Genworth Financial, Inc. and includes one other included manager: Genworth Financial Wealth Management, Inc. (File Number 28-11546).
Key Financial Metrics
As a Form 13F filing, this document reports equity holdings rather than the operating financial performance (revenue, profit, cash flow) of Genworth Financial itself. The following metrics reflect the reported portfolio:
- Total Portfolio Value: $1,470,473,000 (approx. $1.47 billion).
- Total Number of Holdings: 346 lines of securities.
- Investment Discretion: The manager reported "Sole" voting authority for the vast majority of holdings.
- Top Holdings by Value:
- International Business Machines (IBM): $30,619,000
- 3M Company: $30,575,000
- United Technologies Corp: $22,124,000
- Procter & Gamble Co: $19,331,000
- Target Corp: $14,410,000
- Asset Class Mix: The portfolio includes significant allocations to Exchange Traded Funds (ETFs), particularly from iShares, SPDR, and Vanguard, alongside individual equities in sectors such as Technology, Healthcare, Consumer Staples, and Financials.
Material Changes
The filing text provided does not contain comparative data from the prior quarter (March 31, 2010). Therefore, material changes in holdings, additions, or deletions cannot be determined from this document alone.
Guidance, Outlook, and Risks
This Form 13F filing is a regulatory disclosure of holdings and does not contain management commentary, forward-looking guidance, risk factors, or contingency plans regarding Genworth Financial's own business operations or future market outlook.
Investor Verification Checklist
- Verify the total portfolio value of $1.47 billion against the company's total assets to determine the proportion of assets under management versus corporate operating assets.
- Confirm the specific holdings of the "Other Included Manager" (Genworth Financial Wealth Management, Inc.) to ensure no double-counting of assets if analyzing the broader Genworth group.
- Review the concentration of ETF holdings (e.g., iShares, SPDR, Vanguard) to understand the passive investment strategy versus active stock picking.
- Check subsequent filings (Form 13F for September 30, 2010) to analyze turnover and trading activity following this reporting period.