SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Wealthfront Corp
Filing Type: Form 13F Information Table
Reporting Period: Quarter ended June 30, 2017
Context: This filing discloses the equity securities held by Wealthfront Corp, a registered investment adviser, as of the end of the second quarter of 2017. The filing details holdings where the adviser has sole voting or dispositive authority.
Key Financial Metrics and Portfolio Composition
Total Portfolio Value: The filing lists 150 individual holdings. While a total aggregate value is not explicitly summed in the text, the top 10 holdings alone represent approximately $83.5 million in value.
Asset Class Breakdown: The portfolio is heavily weighted toward Exchange Traded Funds (ETFs), particularly broad market and international equity indices, with a smaller allocation to individual equities.
Top Holdings by Value:
- Vanguard FTSE Developed Markets ETF: $21,568,350
- Vanguard FTSE Emerging Markets ETF: $21,721,374
- Schwab Strategic International Equity ETF: $14,254,879
- ISHARES Trust National Muni ETF: $3,891,287
- Vanguard Special Dividend Appreciation ETF: $4,388,286
Individual Equity Exposure: Significant individual stock positions include Facebook Inc ($285,342), Apple Inc ($213,639), Microsoft Corp ($299,365), and Bank of America Corp ($385,334). The filing does not provide data on cash flow, debt, or liquidity for Wealthfront Corp itself, as Form 13F reports only managed assets.
Material Changes
The filing text provided is a snapshot of holdings as of June 30, 2017. It does not contain comparative data from the prior quarter (March 31, 2017) or year-over-year figures. Therefore, material changes in position size or portfolio composition cannot be determined from this document alone.
Guidance, Outlook, and Risks
Management Commentary: None provided. Form 13F is a regulatory disclosure of holdings and does not include management discussion, financial guidance, or forward-looking statements.
Risks and Contingencies: The filing includes a standard disclaimer that the SEC has not reviewed the information for accuracy. The portfolio composition suggests exposure to broad market volatility, international equity risk, and sector-specific risks (e.g., Energy, Financials, Technology) inherent in the listed ETFs and individual stocks.
Investor Verification Checklist
- Portfolio Concentration: Verify the percentage of total assets under management (AUM) represented by the top 10 ETF holdings versus individual stocks.
- Turnover Rate: Compare this filing with the Q1 2017 13F filing to assess trading activity and strategy shifts.
- Discretionary Authority: Confirm that all listed positions are held with "Sole" voting authority, indicating full control by Wealthfront.
- Missing Data: Note that this filing does not disclose cash positions, derivatives, or non-equity assets held by the firm.