SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: BROOKFIELD Corp
Filing Type: Form 13F Information Table (Statement of Holdings)
Reporting Period: Quarter ended December 31, 2016
Context: This filing discloses the equity securities held by the investment manager as of the end of the reporting period. It does not contain the company's own financial performance metrics (revenue, profit, cash flow) but rather details its investment portfolio.
Key Financial Metrics and Portfolio Composition
The filing lists holdings across various sectors, with a significant concentration in real estate, energy infrastructure, and utilities. Key portfolio statistics include:
- Total Disclosed Holdings: The table lists over 100 individual issuers.
- Top Holdings by Value (Selected):
- General Growth Properties: $258,233,612
- Brookfield Property Partners LP: $50,332,307
- Brookfield Renewable Energy Partners LP: $51,125,944
- Brookfield Business Partners LP: $24,784,250
- Transalta Corporation: $14,007,164
- Terraform Power Inc: $10,450,000
- Notable Sector Exposure: Significant positions in Real Estate Investment Trusts (REITs) such as Brookdale Senior Living ($11M), CBL & Associates ($12.8M), and Gramercy Property Trust ($11.4M), as well as Energy/Midstream companies like Kinder Morgan ($9.4M) and Enterprise Products Partners ($4.1M).
Material Changes and Voting Authority
Voting Authority: The filing categorizes voting authority into Sole, Shared, and None.
- Sole Discretion: Held primarily for Brookfield Canada Office Properties ($10.5M).
- Shared Discretion: The vast majority of holdings (e.g., General Growth Properties, Brookfield Property Partners, Transalta) are reported with "Shared" voting authority.
- None: Several holdings, including Brookfield Global Listed Infrastructure and Brookfield Real Assets Income, report "None" for voting authority.
Guidance, Outlook, and Risks
Management Commentary: Not applicable. Form 13F is a regulatory disclosure of holdings and does not contain management discussion, financial guidance, or forward-looking statements regarding the company's own operations.
Risks and Contingencies: The filing includes a standard disclaimer stating that the SEC has not reviewed the information for accuracy or completeness. No specific operational risks or contingencies are detailed in this document.
Investor Verification Checklist
- Verify the total aggregate value of the portfolio by summing the "Value" column, noting that this represents only the disclosed equity securities and may not reflect the full balance sheet of BROOKFIELD Corp.
- Confirm the distinction between "Sole," "Shared," and "None" voting authority to understand the level of control the manager exerts over specific holdings.
- Review the "Put/Call" column to identify any hedging strategies or derivative positions that may offset the reported long equity positions.
- Check for subsequent filings (e.g., 13F-HR amendments) to see if positions in major holdings like General Growth Properties or Brookfield Property Partners have changed since the December 31, 2016 cutoff.