13F-HR: SEI Investments Co Discloses Q3 2024 13F Holdings

SEI Investments Co's latest 13F filing reveals its holdings as of September 30, 2024, showcasing significant positions in various sectors.

Summary

• SEI Investments Co filed its Form 13F for the quarter ended September 30, 2024, disclosing its holdings.
• The filing includes a total of 5,342 entries in the information table.
• The total value of the reported holdings amounts to $77,007,505,779.
• The filing covers holdings managed by SEI Investments Management Corporation (SIMC), SEI Trust Company, and SEI Investments Canada Company (SEI Canada).
• SEI reports as 'Sole Voting Authority' due to its ownership interest in subsidiaries, while disclaiming direct voting authority.
• SIMC and SEI Canada act as investment advisors to pooled investment vehicles and separately managed account programs.
• The filing also includes a list of other managers reporting for SEI, indicating a manager of managers structure.

Sentiment

Score: 7

Explanation: The document is a factual report, so the sentiment is neutral. However, the size of the holdings and the breadth of investments suggest a stable and well-managed portfolio, meriting a slightly positive score.

Positives

• The filing provides a comprehensive overview of SEI Investments Co's investment portfolio.
• The inclusion of a list of other managers reporting for SEI offers transparency into its investment management structure.
• The report details the voting authority structure, clarifying SEI's role in investment decisions.

Management Comments

• SEI Investments Company (SEI) is the parent holding company of certain institutional investment managers, as defined by Section 13(f) of the Securities Exchange Act of 1934, as amended (the 'Act').
• For purposes of the reporting requirements under Section 13(f) of the Act, and the rules promulgated thereunder, SEI does not exercise, and therefore disclaims, investment discretion with respect to any Section 13(f) securities positions over which its investment operating subsidiaries exercise such discretion.
• Voting authority with respect to the Section 13(f) securities reported herein resides with and is exercised by SEI's operating subsidiaries, unless otherwise indicated.
• Although SEI has not been delegated voting authority over such Section 13(f) securities, and disclaims such voting authority, pursuant to instruction 12b.viii of Form 13F, and for that purpose only, such Section 13(f) securities are reported as 'Sole Voting Authority.'

Industry Context

This 13F filing provides insights into the investment strategies and holdings of a major institutional investor, SEI Investments Co, and its subsidiaries, reflecting broader market trends and sector allocations within the investment management industry.

Comparison to Industry Standards

• The investment strategies and holdings of SEI Investments Co can be compared to those of other large asset managers such as BlackRock, Vanguard, and State Street.
• The allocation across various sectors and asset classes can be benchmarked against industry averages and specific indices like the S&P 500 or MSCI EAFE.
• The use of sub-advisers and a 'manager of managers' approach is a common practice among large investment firms, allowing for specialized expertise and diversification.
• The level of detail provided in the 13F filing allows for comparisons of specific stock holdings and portfolio composition with other institutional investors.

Stakeholder Impact

• Shareholders can gain insights into the investment strategies and holdings of SEI Investments Co.
• The filing provides transparency to clients of SEI's subsidiaries regarding the management of their assets.
• The information can be used by other market participants to understand broader investment trends and sector allocations.

Key Dates