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 September 30, 2017
Context: This filing discloses the equity securities held by Wealthfront Corp, a registered investment adviser, as of the end of the third quarter of 2017. The table lists holdings where the adviser has sole voting or dispositive authority.
Key Financial Metrics and Portfolio Composition
Total Reported Value: The filing lists individual holdings with values ranging from approximately $10,000 to $23.5 million. The aggregate value of the listed securities is not explicitly summed in the text, but the top holdings indicate a portfolio size in the hundreds of millions of dollars.
Top Holdings by Value:
- Vanguard Tax Managed Int'l Fd (FTSE Dev Mkt ETF): $23,481,420
- Vanguard Int'l Equity Index Fd (FTSE EMR Mkt ETF): $23,199,087
- Schwab Strategic Tr Int'l Eqty ETF: $16,068,043
- Vanguard Index Fds Total Stk Mkt (FTSE EMR Mkt ETF): $7,181,508
- Schwab Strategic Tr US Brd Mkt ETF: $7,014,770
Asset Class Breakdown: The portfolio is heavily weighted toward Exchange Traded Funds (ETFs), particularly those tracking international and emerging market equities, as well as broad US market indices. Individual equity positions (e.g., Bank of America, Microsoft, Twitter) are present but generally represent smaller allocations compared to the top ETFs.
Material Changes and Voting Authority
Voting Authority: For all listed securities, Wealthfront Corp reports "Sole" voting and dispositive authority. There are no shared or none authority positions listed in this table.
Comparative Data: This filing is a snapshot of holdings as of September 30, 2017. The provided text does not contain data for the prior quarter (June 30, 2017) or year-over-year comparisons; therefore, material changes in position size or composition cannot be calculated from this document alone.
Guidance, Risks, and Unusual Items
Management Commentary: Form 13F filings are statutory disclosures of holdings and do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies: The filing includes a standard disclaimer stating that the SEC has not reviewed the information for accuracy or completeness. No specific risk factors or contingencies related to the company's operations are disclosed in this specific table.
Unusual Items: The portfolio composition appears consistent with a diversified, passive investment strategy utilizing major index funds and ETFs. No derivatives (puts/calls) are reported in the "Put/Call" column for any position.
Investor Verification Checklist
- Portfolio Concentration: Verify the total aggregate value of the portfolio to understand the scale of assets under management relative to the top 5 holdings.
- Turnover Rate: Compare this filing with the Q2 2017 13F filing to determine the turnover rate and specific trades executed during the quarter.
- Individual Stock Exposure: Review the specific individual equity positions (e.g., Twitter, Snap, Square) to assess exposure to high-volatility growth stocks versus the core ETF holdings.
- International Exposure: Confirm the percentage of the portfolio allocated to international and emerging market ETFs, which appear to be the largest single positions.