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 calendar quarter ended December 31, 2009. The report was signed on February 10, 2010, by Patricia Merrill, Senior Counsel. The filing covers the investment portfolio managed by Genworth Financial, Inc. and includes one other included manager: Genworth Financial Asset 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 investment portfolio:
- Total Portfolio Value: $1,241,397,000 (Reported as 1,241,397 in thousands).
- Total Number of Holdings: 259 distinct entries.
- Investment Discretion: The manager reported "Sole" discretion for all listed holdings.
- Top Holdings by Value:
- ISHARES TR INDEX S&P 500 INDEX ETF: $90,806,000
- ISHARES TR INDEX S&P500 GRW ETF: $76,475,000
- ISHARES TR INDEX IBOXX INV CPBD ETF: $58,061,000
- ISHARES TR INDEX MSCI EMERG MKT ETF: $59,290,000
- ISHARES TR INDEX RUSSELL MCP GR ETF: $21,184,000
Note: Revenue, profit, margins, debt, and liquidity figures for Genworth Financial, Inc. are not provided in this filing type.
Material Changes and Portfolio Composition
This filing represents a snapshot of holdings as of December 31, 2009. It does not provide comparative data against the prior quarter (September 30, 2009) to determine material changes in position size or new entries versus deletions. The portfolio is heavily diversified across sectors, with significant allocations to Exchange Traded Funds (ETFs), particularly those tracking the S&P 500, Russell indices, and Emerging Markets. Notable individual equity positions include International Business Machines ($21.1M), Lowe's Companies ($12.6M), and Target Corp ($13.0M).
Guidance, Outlook, and Risks
Form 13F filings are statutory disclosures of holdings and do not contain management commentary, forward-looking guidance, risk factors, or contingency plans. Consequently, no outlook or risk assessment is available in this document.
Investor Verification Checklist
- Verify the total portfolio value of approximately $1.24 billion against the company's total assets to determine the proportion of assets under management versus corporate operating assets.
- Confirm the specific breakdown of the "Other Included Manager" (Genworth Financial Asset Management, Inc.) to understand if these holdings are consolidated or separate accounts.
- Review the heavy weighting in passive index funds (iShares) to assess the investment strategy's active versus passive management approach.
- Check subsequent filings (Q1 2010) to analyze turnover rates and significant position changes following the 2009 year-end.