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 March 31, 2017
Context: This filing discloses the equity securities held by Wealthfront Corp, a registered investment adviser, as of the end of the first quarter of 2017. The table lists holdings where the adviser has sole, shared, or disinterested voting authority.
Key Financial Metrics and Portfolio Composition
The filing provides a detailed list of equity holdings but does not report the company's own revenue, profit, cash flow, or debt. The following metrics relate to the reported portfolio:
- Total Reported Holdings: The table lists approximately 130 distinct securities.
- Top Holdings by Value:
- Vanguard FTSE Developed Markets ETF: $18,755,968
- Vanguard FTSE Emerging Markets ETF: $18,563,428
- Schwab Strategic International Equity ETF: $13,048,336
- Vanguard FTSE All-World ex-US ETF: $5,854,130
- Schwab Strategic US Broad Market ETF: $5,178,066
- Asset Class Mix: The portfolio is heavily weighted toward Exchange Traded Funds (ETFs), particularly those tracking international and broad market indices. Individual equity positions (e.g., Facebook, Apple, Microsoft) represent a smaller portion of the total reported value compared to the ETF holdings.
- Voting Authority: Wealthfront Corp reports "Sole" voting authority for the vast majority of listed positions.
Material Changes
Comparison to Prior Period: The filing text provided does not contain data for the prior comparable period (December 31, 2016). Therefore, material changes in holdings, additions, or deletions cannot be calculated from this document alone.
Guidance, Outlook, and Risks
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 regarding the company's operations are disclosed in this table.
Key Facts for Investor Verification
- Portfolio Strategy: Verify if the heavy concentration in broad market and international ETFs aligns with Wealthfront's advertised automated investment strategies for the period.
- Individual Stock Exposure: Note that while individual tech stocks (Facebook, Apple, Microsoft) are held, their reported values are significantly lower than the top ETF holdings.
- Reporting Limitations: Confirm that this filing only covers equity securities with a value exceeding $100,000 (or other applicable thresholds) and does not represent the total assets under management or cash positions.
- Historical Context: To assess performance or strategy shifts, investors must compare this March 31, 2017 snapshot against the December 31, 2016 Form 13F filing, which is not included in this text.