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, 2016
Context: This filing discloses the equity securities held by Wealthfront Corp, a registered investment adviser, as of the end of the third quarter of 2016. The table lists issuers, share counts, and market values for securities where the adviser has sole voting authority.
Key Financial Metrics and Portfolio Composition
Portfolio Overview: The filing details a diversified portfolio consisting of individual common stocks and Exchange Traded Funds (ETFs). All listed positions are held with "Sole" voting authority. The filing does not report revenue, profit, cash flow, or debt metrics for Wealthfront Corp itself, as Form 13F is a disclosure of holdings, not a financial statement.
Top Holdings by Value (Selected):
- Vanguard FTSE Emerging Markets ETF: 15,222,943 shares valued at approximately $572.8 million.
- Vanguard FTSE Developed Markets ETF: 12,296,524 shares valued at approximately $460.0 million.
- Schwab Strategic US Broad Market ETF: 4,310,234 shares valued at approximately $225.5 million.
- General Electric Co: 240,681 shares valued at approximately $7.1 million.
- Facebook Inc: 234,504 shares valued at approximately $30.1 million.
- Bank of America Corp: 259,043 shares valued at approximately $4.1 million.
Asset Class Distribution: The portfolio includes significant allocations to broad market ETFs (Vanguard, Schwab, iShares) covering domestic, international, emerging, and fixed-income markets, alongside direct equity positions in major U.S. corporations across technology, finance, healthcare, and energy sectors.
Material Changes and Comparisons
The filing text provided contains only the snapshot of holdings as of September 30, 2016. It does not include data from the prior comparable period (June 30, 2016) or a schedule of purchases and sales. Therefore, material changes in position size or portfolio composition versus the prior quarter cannot be determined from this document alone.
Guidance, Outlook, and Risks
Management Commentary: Form 13F filings 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 portfolio are disclosed in this table.
Key Facts for Investor Verification
- Investment Style: The portfolio composition suggests a passive, index-tracking strategy heavily weighted toward broad market ETFs (Vanguard, Schwab, iShares) rather than active stock picking, consistent with Wealthfront's robo-advisory business model.
- Concentration: Significant capital is allocated to international exposure via Vanguard FTSE Emerging and Developed Markets ETFs.
- Reporting Limitations: This document does not reflect the total assets under management (AUM) of Wealthfront Corp, only the specific securities reported in this filing. It excludes cash positions, derivatives, and non-reportable assets.
- Valuation: Values are reported in thousands (Column 4) and share counts in actual numbers (Column 3). Investors should verify the total portfolio value by summing the "Value" column, noting that the provided text lists individual line items.