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 based in Richmond, Virginia. The report covers the calendar quarter ended December 31, 2006, and was signed on February 6, 2007. The filing includes holdings managed by Genworth Financial, Inc. and one other included manager, Genworth Financial Asset Management, Inc. (formerly GE Private Asset Management, Inc.).
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: $2,383,408,000 (approx. $2.38 billion).
- Total Number of Holdings: 579 distinct entries.
- Top Holdings by Value:
- United Microelectronics: $2,095,662,000
- CGI Group Inc: $1,762,443,000
- Sanmina Corporation: $1,085,013,000
- Mitsubishi UFJ Fin Group: $1,119,644,000
- Time Warner Inc: $949,311,000
- Debt and Liquidity: The filing text does not provide data on Genworth Financial's corporate debt, liquidity, or operating cash flows.
Material Changes and Portfolio Composition
The filing lists 579 lines of holdings, indicating a diversified portfolio across various sectors including technology, financials, healthcare, and consumer discretionary. Notable characteristics include:
- Concentration: The portfolio contains several very large positions relative to the total value, particularly in international technology and financial sectors (e.g., United Microelectronics, Mitsubishi UFJ).
- Voting Authority: The manager reported "Sole" voting authority for the vast majority of positions listed.
- Comparison to Prior Period: This document is a snapshot of holdings as of December 31, 2006. It does not contain comparative data against the prior quarter (September 30, 2006) to determine material changes in position size or new entries.
Guidance, Outlook, and Risks
Management Commentary: Form 13F filings are regulatory disclosures of holdings and do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies: The filing text does not disclose specific risks, contingencies, or unusual items related to the manager's operations. The primary risk inherent in the data is the concentration of assets in specific large-cap international equities.
Investor Verification Checklist
- Verify the total portfolio value of $2.38 billion against the company's 10-K or 10-Q filings to understand the proportion of assets under management versus corporate assets.
- Confirm the identity of the "Other Included Manager" (Genworth Financial Asset Management, Inc.) to ensure full scope of reported assets.
- Review the specific large positions (e.g., United Microelectronics, CGI Group) to assess sector concentration risk.
- Note that this filing does not report Genworth Financial's own insurance or mortgage operations; those metrics must be sourced from 10-K/10-Q filings.