Business Context and Reporting Period
This Form 13F-HR filing reports the equity holdings of Fidelity National Financial, Inc. as an institutional investment manager. The reporting period covers the quarter ended March 31, 2013. The report was signed by Michael L. Gravelle, Executive Vice President, General Counsel, and Corporate Secretary, on May 14, 2013.
Key Financial Metrics
The filing discloses the aggregate value of securities held by the manager, not the operating financials of Fidelity National Financial, Inc. itself.
- Total Portfolio Value: $142,109,000 (reported in thousands).
- Total Number of Holdings: 20 positions.
- Largest Holding by Value: Fidelity National Information Services ($63,545,000).
- Second Largest Holding by Value: Linn Energy, LLC ($9,865,000).
- Voting Authority: All reported positions are held with sole voting authority.
Material Changes
The filing text does not provide comparative data for the prior quarter or year. Consequently, material changes in holdings, value, or strategy versus the prior comparable period cannot be determined from this document.
Guidance, Outlook, and Risks
Form 13F filings are statutory disclosures of holdings and do not contain management guidance, future outlook, risk factors, or commentary on contingencies. The filing lists 20 specific issuers, including Altria Group Inc., ConocoPhillips, Johnson & Johnson, and Proctor & Gamble Co., but provides no qualitative analysis of these investments.
Investor Verification Checklist
- Verify the distinction between the reporting manager (Fidelity National Financial, Inc.) and the largest holding (Fidelity National Information Services).
- Confirm the total portfolio value of approximately $142.1 million represents only the specific equity positions listed, not the total assets under management of the firm.
- Note that the filing contains no information regarding the operating performance, debt levels, or cash flow of Fidelity National Financial, Inc.
- Check subsequent filings to determine if the 20 listed positions were maintained, increased, or liquidated in following quarters.