GLOBE LIFE Reveals $334.6M Vanguard Fund Holdings in 13F
Ticker: GL-PD · Form: 13F-HR · Filed: Feb 1, 2024 · CIK: 320335
Complexity: simple
Sentiment: neutral
Topics: institutional-holdings, mutual-funds, investment-strategy
TL;DR
**GLOBE LIFE's 13F shows over $334 million invested in Vanguard mutual funds as of year-end 2023, signaling a passive, diversified investment approach.**
AI Summary
GLOBE LIFE INC. filed its 13F-HR on February 1, 2024, revealing its holdings as of December 31, 2023. The filing shows significant investments in two Vanguard mutual funds: 233,500 shares of VANGUARD SCOTTSDALE FDS MUTUAL FND valued at $18,715,025, and 723,183 shares of VANGUARD INDEX FDS MUTUAL FND valued at $315,886,334. This matters to shareholders because it indicates GLOBE LIFE's investment strategy, showing a preference for broad market exposure through Vanguard's diversified funds, which could impact the company's overall financial performance and stability.
Why It Matters
This filing provides transparency into GLOBE LIFE INC.'s investment portfolio, showing how the company is allocating its capital, which can influence its future earnings and risk profile.
Risk Assessment
Risk Level: low — Investing in diversified mutual funds generally carries lower risk compared to concentrated stock holdings.
Analyst Insight
Investors should note GLOBE LIFE's preference for passive, diversified investments, which suggests a stable, long-term investment strategy rather than active stock picking. This could contribute to more predictable, albeit potentially lower, returns from its investment portfolio.
Key Numbers
- $18.7M — Value of VANGUARD SCOTTSDALE FDS MUTUAL FND (Represents a portion of GLOBE LIFE's investment portfolio as of December 31, 2023.)
- 233,500 — Shares of VANGUARD SCOTTSDALE FDS MUTUAL FND (The number of shares held in this specific Vanguard fund.)
- $315.9M — Value of VANGUARD INDEX FDS MUTUAL FND (Represents the largest portion of GLOBE LIFE's disclosed investment portfolio as of December 31, 2023.)
- 723,183 — Shares of VANGUARD INDEX FDS MUTUAL FND (The number of shares held in this specific Vanguard fund.)
- 20231231 — Conformed Period of Report (The date for which the reported holdings are accurate, indicating the snapshot of the portfolio.)
Key Players & Entities
- GLOBE LIFE INC. (company) — the filer of the 13F-HR
- VANGUARD SCOTTSDALE FDS MUTUAL FND (company) — one of the mutual funds held by GLOBE LIFE INC.
- VANGUARD INDEX FDS MUTUAL FND (company) — one of the mutual funds held by GLOBE LIFE INC.
- Christopher T. Moore (person) — Corporate SVP, Associate Counsel and Corp. Secretary for GLOBE LIFE INC.
- $18,715,025 (dollar_amount) — value of VANGUARD SCOTTSDALE FDS MUTUAL FND shares held
- $315,886,334 (dollar_amount) — value of VANGUARD INDEX FDS MUTUAL FND shares held
Forward-Looking Statements
- GLOBE LIFE INC. will continue to favor diversified, low-cost index funds for a significant portion of its investment portfolio. (GLOBE LIFE INC.) — high confidence, target: 20241231
FAQ
What was the total value of GLOBE LIFE INC.'s reported holdings in Vanguard mutual funds as of December 31, 2023?
As of December 31, 2023, GLOBE LIFE INC. reported holdings totaling $18,715,025 in VANGUARD SCOTTSDALE FDS MUTUAL FND and $315,886,334 in VANGUARD INDEX FDS MUTUAL FND, for a combined total of $334,601,359.
Which specific Vanguard funds did GLOBE LIFE INC. report holdings in, and how many shares of each?
GLOBE LIFE INC. reported holding 233,500 shares of VANGUARD SCOTTSDALE FDS MUTUAL FND and 723,183 shares of VANGUARD INDEX FDS MUTUAL FND.
When was this 13F-HR filing submitted to the SEC?
This 13F-HR filing was submitted to the SEC on February 1, 2024, as indicated by the 'FILED AS OF DATE: 20240201'.
Who signed the 13F-HR filing on behalf of GLOBE LIFE INC.?
The 13F-HR filing was signed by Christopher T. Moore, Corporate SVP, Associate Counsel and Corp. Secretary for GLOBE LIFE INC.
What is the Central Index Key (CIK) for GLOBE LIFE INC.?
The Central Index Key (CIK) for GLOBE LIFE INC. is 0000320335.
Filing Stats: 384 words · 2 min read · ~1 pages · Grade level 10.4 · Accepted 2024-02-01 16:25:10
Filing Documents
- primary_doc.html (13F-HR)
- primary_doc.xml (13F-HR) — 2KB
- information_table.html (INFORMATION TABLE)
- information_table.xml (INFORMATION TABLE) — 1KB
- 0000320335-24-000002.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: GLOBE LIFE INC. Address: 3700 SOUTH STONEBRIDGE DRIVE MCKINNEY , TX 75070 Form 13F File Number: 028-01112 CRD 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: Christopher T. Moore Title: Corporate SVP, Associate Counsel and Corp. Secretary Phone: 972-569-4021 Signature, Place, and Date of Signing: Christopher T. Moore McKinney , TX 02-01-2024 [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: 2 Form 13F Information Table Value Total: 334,601,359 (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