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Livermore
Livermore
ZHEN

Resource Consulting Group Inc

SEC CIK
0000831941
Latest filing
Jan 11, 2024

The latest 13F from Resource Consulting Group Inc covers Q4 2023 (filed Jan 11, 2024): 69 long positions worth $584.1M. The top 10 holdings make up 90.7% of the portfolio, and the largest is Dimensional ETF Trust at 29.1%. Livermore has 9 filings on Form 13F from this institution, going back to Q4 2021.

What changed in Q4 2023

Share counts compared with Q3 2023: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
19
Est. +$13.2M
Added
17
Est. +$13.8M
Reduced
13
Est. −$8.08M
Sold out
2
Est. −$1.33M

Top 5 holdings

Share of this quarter's portfolio value

  1. Dimensional ETF Trust25434V724
    29.1%$170.0M
  2. Dimensional U.S. Targeted Value ETF25434V609
    14.1%$82.3M
  3. Dimensional ETF Trust25434V807
    13.6%$79.5M
  4. iShares MSCI USA Quality Factor ETF46432F339
    12.3%$71.7M
  5. Dimensional U.S. Small Cap ETF25434V500
    10.7%$62.8M

Share of portfolio

Top 5 holdings and the other 64 positions, by share of portfolio value

  1. Dimensional ETF Trust29.1%
  2. Dimensional U.S. Targeted Value ETF14.1%
  3. Dimensional ETF Trust13.6%
  4. iShares MSCI USA Quality Factor ETF12.3%
  5. Dimensional U.S. Small Cap ETF10.7%
  6. Other 64 positions20.2%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares MSCI USA Quality Factor ETF46432F339
    +$6.00MAdded
  2. IRMDIradimed Corp
    +$4.89MNewHistory
  3. TFCTruist Financial Corp
    +$2.37MNewHistory
  4. Dimensional ETF Trust25434V807
    +$1.75MAdded
  5. AMZNAmazon Com Inc
    +$1.70MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. iShares MSCI USA Quality Factor ETF46432F339
    +0.85 pp11.4% → 12.3%
  2. IRMDIradimed Corp
    +0.84 pp0.0% → 0.8%History
  3. TFCTruist Financial Corp
    +0.41 pp0.0% → 0.4%History
  4. AMZNAmazon Com Inc
    +0.30 pp0.1% → 0.4%History
  5. BRK.ABerkshire Hathaway Inc
    +0.22 pp0.6% → 0.8%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Dimensional U.S. Small Cap ETF25434V500
    −$4.85MReduced
  2. PEPPepsiCo Inc
    −$1.32MSold outHistory
  3. Dimensional ETF Trust25434V724
    −$1.18MReduced
  4. Dimensional U.S. Targeted Value ETF25434V609
    −$653.4KReduced
  5. MSFTMicrosoft Corp
    −$624.6KReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. Dimensional ETF Trust25434V724
    −1.26 pp30.4% → 29.1%
  2. Dimensional U.S. Small Cap ETF25434V500
    −0.81 pp11.6% → 10.7%
  3. PEPPepsiCo Inc
    −0.26 pp0.3% → 0.0%History
  4. MSFTMicrosoft Corp
    −0.07 pp0.7% → 0.6%History
  5. Vanguard Morningstar Total Stock Market ETF922908769
    −0.06 pp0.2% → 0.2%

Metrics

13F metrics for Q4 2023, computed only from the numbers in the filings. Definitions below.

Portfolio value
$584.1M
+$68.8M (+13.4%) vs. prior quarter
Positions
69
+17 vs. prior quarter
Top 10 concentration
90.7%
Top 10 as share of value
Turnover
1.7%
Q4 2023, one quarter
Average holding period
6.5 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q4 2021), so positions held before then are understated.

13F filings by quarter

9 quarters, going back to Q4 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $584.1M (Q4 2023)

Q4 2021: $283.1MQ1 2022: $288.6MQ2 2022: $232.2MQ3 2022: $350.9MQ4 2022: $382.5MQ1 2023: $387.7MQ2 2023: $505.9MQ3 2023: $515.3MQ4 2023: $584.1M
Q4 2021Q4 2023
13F filings of Resource Consulting Group Inc by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q4 2023Jan 11, 202469$584.1MDimensional ETF TrustDimensional U.S. Targeted Value ETFDimensional ETF Trustvs. Q3 2023SEC
Q3 2023Oct 5, 202352$515.3MDimensional ETF TrustDimensional ETF TrustDimensional U.S. Targeted Value ETFvs. Q2 2023SEC
Q2 2023Jul 17, 202368$505.9MDimensional ETF TrustDimensional U.S. Small Cap ETFDimensional ETF Trustvs. Q1 2023SEC
Q1 2023Apr 14, 202336$387.7MDimensional ETF TrustDimensional U.S. Small Cap ETFDimensional ETF Trustvs. Q4 2022SEC
Q4 2022Jan 19, 202335$382.5MDimensional ETF TrustDimensional U.S. Small Cap ETFDimensional ETF Trustvs. Q3 2022SEC
Q3 2022Oct 14, 202247$350.9MDimensional ETF TrustDimensional U.S. Small Cap ETFDimensional U.S. Targeted Value ETFvs. Q2 2022SEC
Q2 2022Jul 11, 202261$232.2MDimensional U.S. Small Cap ETFDimensional U.S. Targeted Value ETFDimensional ETF Trustvs. Q1 2022SEC
Q1 2022Apr 19, 202281$288.6MDimensional U.S. Small Cap ETFDimensional ETF TrustDimensional U.S. Targeted Value ETFvs. Q4 2021SEC
Q4 2021Feb 2, 202272$283.1MDimensional U.S. Small Cap ETFDimensional U.S. Targeted Value ETFDimensional ETF Trust–SEC