SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Employers Holdings, Inc. to the U.S. Securities and Exchange Commission. The report covers the reporting period ending September 30, 2019. As a Form 13F, this document discloses the equity securities held by the investment manager at the end of the quarter, rather than the company's own operational financial results.
Key Financial Metrics and Portfolio Composition
The filing details a diversified portfolio of common stocks and shares. Key portfolio statistics include:
- Total Holdings Reported: The table lists approximately 150 distinct security positions.
- Top Holdings by Value: The largest positions by reported value (Column 4) include:
- Apple Inc.: $11,074,000 (49,445 shares)
- Microsoft Corp: $6,424,000 (46,209 shares)
- JPMorgan Chase & Co: $5,308,000 (45,105 shares)
- Exxon Mobil Corp: $3,808,000 (53,930 shares)
- Wells Fargo Co: $3,641,000 (72,175 shares)
- Voting Authority: For all listed positions, the investment manager reported Sole voting authority (Column 7 = 1) and None for shared or none authority.
- Derivatives: No put or call options were reported in the "PRN AMT" or "PUT/CALL" columns for these positions.
Material Changes and Portfolio Activity
The filing text does not provide a comparative table against the prior quarter (June 30, 2019) to explicitly calculate net purchases or sales. However, the presence of specific holdings indicates the portfolio composition as of the reporting date. Notable observations include:
- Concentration: Significant exposure to the Financials (e.g., Wells Fargo, JPMorgan, Bank of America), Technology (e.g., Apple, Microsoft, Cisco), and Healthcare (e.g., UnitedHealth, Pfizer, Merck) sectors.
- Position Sizing: The portfolio contains a mix of large-cap positions (e.g., Ford Motor Co with 122,825 shares valued at $1,125,000) and smaller positions (e.g., Berkshire Hathaway Class A with 2 shares valued at $624,000).
Guidance, Risks, and Management Commentary
Management Commentary: Form 13F filings are statutory disclosures of holdings and do not contain management commentary, strategic outlook, or earnings guidance for the reporting company (Employers Holdings, Inc.).
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's performance are disclosed in this document.
Investor Verification Checklist
- Verify the total aggregate value of the portfolio by summing Column 4 (Value) to assess the scale of assets under management for this specific account.
- Compare the share counts in Column 3 (Shrs or Sh/Prn Amt) against the previous quarter's 13F filing to determine net buying or selling activity.
- Confirm the "Sole" voting authority status to understand the level of control Employers Holdings, Inc. exercises over these proxy votes.
- Check for any "Other" investment types in Column 6, which are currently blank, indicating a pure equity portfolio for this report.
- Review the specific CUSIP numbers to ensure accurate identification of share classes, particularly for companies with multiple classes (e.g., Alphabet Class A vs. Class C).