Genworth's Q4 2023 13F Reveals $315M+ in ETF Holdings

TL;DR

**Genworth's Q4 13F shows big bets on S&P 500 and low-volatility ETFs, signaling a diversified, potentially conservative investment approach.**

AI Summary

Genworth Financial Inc. filed its 13F-HR on January 30, 2024, revealing its holdings as of December 31, 2023. The filing shows significant positions in ETFs, including 601,470 shares of ISHARES CORE S&P 500 INDEX ETF valued at $287,280,116 and 455,287 shares of POWERSHARES S&P 500 LOW VOLATILITY COM valued at $28,528,283. This indicates Genworth's strategy of investing in broad market and low-volatility index funds, which matters to investors as it reflects a diversified, potentially conservative approach to managing a portion of its investment portfolio.

Why It Matters

This filing provides transparency into Genworth's investment strategy, showing how it allocates capital, which can influence its overall financial performance and risk profile.

Risk Assessment

Risk Level: low — The filing primarily details existing holdings, with significant allocations to broad market ETFs, suggesting a diversified and relatively stable investment strategy.

Analyst Insight

Investors should note Genworth's preference for diversified ETF investments, which suggests a stable, long-term approach to managing its portfolio. This could indicate lower volatility in its investment income compared to more aggressive strategies.

Key Numbers

• $287,280,116 — Value of ISHARES CORE S&P 500 INDEX ETF holdings (Represents Genworth's largest single investment by value, indicating a significant allocation to broad market exposure.)
• 601,470 — Shares of ISHARES CORE S&P 500 INDEX ETF (The number of shares held in Genworth's largest ETF position, reflecting its commitment to this index fund.)
• $28,528,283 — Value of POWERSHARES S&P 500 LOW VOLATILITY COM holdings (Shows Genworth's investment in a low-volatility strategy, potentially to mitigate market fluctuations.)
• 455,287 — Shares of POWERSHARES S&P 500 LOW VOLATILITY COM (The number of shares held in a key low-volatility ETF, highlighting a specific risk management approach.)
• 20231231 — Conformed Period of Report (The date for which the reported holdings are accurate, providing a snapshot of Genworth's portfolio at year-end.)

Key Players & Entities

• Genworth Financial Inc (company) — the filer of the 13F-HR
• Darren W. Woodell (person) — Vice President and Controller of Genworth Financial Inc.
• ISHARES CORE S&P 500 INDEX ETF (company) — an ETF in which Genworth holds shares
• POWERSHARES S&P 500 LOW VOLATILITY COM (company) — an ETF in which Genworth holds shares
• MIRUM PHARMACEUTICALS INC (company) — a company in which Genworth holds shares
• UDEMY INC (company) — a company in which Genworth holds shares
• $287,280,116 (dollar_amount) — value of ISHARES CORE S&P 500 INDEX ETF holdings
• $28,528,283 (dollar_amount) — value of POWERSHARES S&P 500 LOW VOLATILITY COM holdings

Forward-Looking Statements

• Genworth will likely maintain its significant exposure to broad market ETFs in future filings, reflecting a consistent investment strategy. (Genworth Financial Inc) — high confidence, target: 20240331
• The company may adjust its allocation to low-volatility funds based on market conditions, potentially increasing it if volatility rises. (Genworth Financial Inc) — medium confidence, target: 20240630

FAQ

Filing Documents

• primary_doc.html (13F-HR)
• primary_doc.xml (13F-HR) — 2KB
• 29764.html (INFORMATION TABLE)
• 29764.xml (INFORMATION TABLE) — 2KB
• 0000950123-24-000481.txt ( ) — 5KB

From the Filing

SEC FORM 13F-HR The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. The reader should not assume that the information is accurate and complete. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE OMB APPROVAL OMB Number: 3235-0006 Estimated average burden hours per response: 23.8 Report for the Calendar Year or Quarter Ended: 12-31-2023 Check here if Amendment    Amendment Number: This Amendment (Check only one.):    is a restatement.    adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Genworth Financial Inc Address: 6620 West Broad Street Richmond , VA   23230 Form 13F File Number: 028-11523 CRD Number (if applicable): SEC File Number (if applicable): The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Darren W. Woodell Title: Vice President and Controller Phone: 804-539-4626 Signature, Place, and Date of Signing: /s/ Darren W. Woodell Richmond ,  VA 01-30-2024 [Signature] [City, State] [Date] Report Type (Check only one.): X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)    13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)    13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F Summary Page Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 4 Form 13F Information Table Value Total: 316,195,580 (round to nearest dollar) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state “NONE” and omit the column headings and list entries.] NONE