SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Wealthfront Corp
Filing Type: Form 13F Information Table (Schedule of Holdings)
Reporting Period: Quarter ended March 31, 2015
Context: This filing discloses the equity securities held by Wealthfront Corp, a registered investment adviser, as of the end of the first quarter of 2015. The filing details the issuer, class of security, CUSIP, value, and voting authority for each holding.
Key Financial Metrics and Portfolio Composition
Portfolio Overview: The filing lists hundreds of individual equity positions and Exchange Traded Funds (ETFs). Wealthfront Corp holds sole voting authority for all reported securities. The portfolio is heavily diversified across large-cap U.S. equities, international equities, and fixed-income ETFs.
Top Equity Holdings (by Value):
- Facebook Inc: $20,722,000 (252,052 shares)
- Twitter Inc: $27,314,000 (545,401 shares)
- Microsoft Corp: $1,621,000 (39,872 shares)
- Apple Inc: $4,940,000 (39,701 shares)
- Wells Fargo & Co: $2,216,000 (40,740 shares)
- Verizon Communications: $1,246,000 (25,627 shares)
- Cisco Systems Inc: $1,279,000 (46,458 shares)
- Citigroup Inc: $1,488,000 (28,876 shares)
- Intel Corp: $825,000 (26,396 shares)
- General Electric Co: $851,000 (34,295 shares)
Top ETF Holdings (by Value):
- Vanguard FTSE Developed Markets ETF: $316,378,000 (7,943,207 shares)
- Vanguard FTSE Emerging Markets ETF: $213,276,000 (5,218,410 shares)
- Vanguard Total Stock Market ETF: $377,821,000 (3,522,804 shares)
- Schwab Strategic International Equity ETF: $82,953,000 (2,744,050 shares)
- iShares Core MSCI Emerging Markets ETF: $134,741,000 (2,787,934 shares)
- Schwab Strategic US Small-Cap ETF: $102,543,000 (2,031,361 shares)
- iShares National AMT-Free Muni Bond ETF: $237,952,000 (2,151,467 shares)
Liquidity and Debt: As a Form 13F filing, this document does not report the company's own revenue, profit, cash flow, or debt levels. It only reports the value of securities held for clients or proprietary accounts.
Material Changes
Comparison to Prior Period: The provided text contains only the snapshot of holdings as of March 31, 2015. It does not include the "Net Change" column or data from the prior quarter (December 31, 2014). Therefore, material changes in position size or new entries cannot be determined from this specific text alone.
Guidance, Outlook, and Risks
Management Commentary: None. Form 13F filings are statutory disclosures of holdings and do not contain management discussion, financial guidance, or outlook statements.
Risks and Contingencies: The filing includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy or completeness. The portfolio is exposed to market risk inherent in holding broad market ETFs and individual equities across technology, financial, healthcare, and energy sectors.
Key Facts for Investor Verification
- Asset Class Concentration: Verify the total portfolio value by summing the "Value" column, noting significant exposure to passive index funds (Vanguard, Schwab, iShares) alongside active stock picking.
- Top Concentrations: Confirm the specific share counts for high-value positions like Twitter ($27.3M) and Facebook ($20.7M) to understand concentration risk relative to the total AUM.
- Voting Authority: Note that Wealthfront Corp exercises "Sole" voting authority for all listed positions, indicating full control over proxy voting for these assets.
- Missing Data: Acknowledge that this filing does not provide data on the firm's operating expenses, revenue, or cash reserves, as it is a portfolio disclosure, not a financial statement (10-K/10-Q).