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Livermore
Livermore
ZHEN

Lee Financial Group Hawaii, Inc.

SEC CIK
0000837980
Latest filing
Apr 24, 2024

The latest 13F from Lee Financial Group Hawaii, Inc. covers Q1 2024 (filed Apr 24, 2024): 28 long positions worth $127.8M. The top 10 holdings make up 90.5% of the portfolio, and the largest is Vanguard S&P 500 ETF at 26.9%. Livermore has 13 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q1 2024

Share counts compared with Q4 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
1
Est. +$546.8K
Added
21
Est. +$16.2M
Reduced
5
Est. −$323.9K
Sold out
3
Est. −$14.6M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard S&P 500 ETF922908363
    26.9%$34.4M
  2. Pacer US Cash Cows 100 ETF69374H881
    24.1%$30.8M
  3. Goldman Sachs ETF Tr381430503
    10.5%$13.5M
  4. Global X FDS37954Y715
    7.2%$9.23M
  5. State Street SPDR S&P Aerospace & Defense ETF78464A631
    4.8%$6.09M

Share of portfolio

Top 5 holdings and the other 23 positions, by share of portfolio value

  1. Vanguard S&P 500 ETF26.9%
  2. Pacer US Cash Cows 100 ETF24.1%
  3. Goldman Sachs ETF Tr10.5%
  4. Global X FDS7.2%
  5. State Street SPDR S&P Aerospace & Defense ETF4.8%
  6. Other 23 positions26.5%

Biggest buys

New and added positions, by estimated amount bought

  1. Goldman Sachs ETF Tr381430503
    +$12.0MAdded
  2. Global X FDS37954Y715
    +$3.45MAdded
  3. DOCHealthpeak Properties, Inc.
    +$546.8KNewHistory
  4. VZVerizon Communications Inc
    +$133.7KAddedHistory
  5. Pacer US Cash Cows 100 ETF69374H881
    +$120.9KAdded

Largest weight increases

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

  1. Goldman Sachs ETF Tr381430503
    +9.37 pp1.2% → 10.5%
  2. Global X FDS37954Y715
    +2.81 pp4.4% → 7.2%
  3. Pacer US Cash Cows 100 ETF69374H881
    +0.72 pp23.4% → 24.1%
  4. DOCHealthpeak Properties, Inc.
    +0.43 pp0.0% → 0.4%History
  5. VZVerizon Communications Inc
    +0.12 pp0.5% → 0.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Pacer FDS Tr69374H717
    −$13.5MSold out
  2. Healthpeak Properties, Inc.71943U104
    −$545.5KSold out
  3. KKellanova
    −$503.2KSold outHistory
  4. State Street SPDR S&P Aerospace & Defense ETF78464A631
    −$122.4KReduced
  5. FTNTFortinet, Inc.
    −$100.1KReducedHistory

Largest weight decreases

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

  1. Pacer FDS Tr69374H717
    −11.51 pp11.5% → 0.0%
  2. Healthpeak Properties, Inc.71943U104
    −0.46 pp0.5% → 0.0%
  3. KKellanova
    −0.43 pp0.4% → 0.0%History
  4. State Street SPDR S&P Aerospace & Defense ETF78464A631
    −0.33 pp5.1% → 4.8%
  5. FTNTFortinet, Inc.
    −0.05 pp0.4% → 0.3%History

Metrics

13F metrics for Q1 2024, computed only from the numbers in the filings. Definitions below.

Portfolio value
$127.8M
+$10.4M (+8.8%) vs. prior quarter
Positions
28
−2 vs. prior quarter
Top 10 concentration
90.5%
Top 10 as share of value
Turnover
12.1%
Q1 2024, one quarter
Average holding period
10.5 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 (Q1 2021), so positions held before then are understated.

13F filings by quarter

13 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $138.7M (Q2 2021)

Q1 2021: $121.9MQ2 2021: $138.7MQ3 2021: $136.0MQ4 2021: $137.6MQ1 2022: $122.7MQ2 2022: $102.5MQ3 2022: $100.3MQ4 2022: $101.7MQ1 2023: $97.1MQ2 2023: $109.4MQ3 2023: $109.0MQ4 2023: $117.4MQ1 2024: $127.8M
Q1 2021Q1 2024
13F filings of Lee Financial Group Hawaii, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q1 2024Apr 24, 202428$127.8MVanguard S&P 500 ETFPacer US Cash Cows 100 ETFGoldman Sachs ETF Trvs. Q4 2023SEC
Q4 2023Jan 23, 202430$117.4MVanguard S&P 500 ETFPacer US Cash Cows 100 ETFPacer FDS Trvs. Q3 2023SEC
Q3 2023Oct 18, 202330$109.0MVanguard S&P 500 ETFPacer US Cash Cows 100 ETFPacer FDS Trvs. Q2 2023SEC
Q2 2023Aug 2, 202330$109.4MPacer US Cash Cows 100 ETFVanguard S&P 500 ETFPacer FDS Trvs. Q1 2023SEC
Q1 2023May 4, 202331$97.1MPacer US Cash Cows 100 ETFVanguard S&P 500 ETFPacer FDS Trvs. Q4 2022SEC
Q4 2022Feb 13, 202331$101.7MPacer US Cash Cows 100 ETFiShares TrVanguard S&P 500 ETFvs. Q3 2022SEC
Q3 2022Nov 4, 202233$100.3MPacer US Cash Cows 100 ETFiShares TrVanguard S&P 500 ETFvs. Q2 2022SEC
Q2 2022Aug 8, 202234$102.5MPacer US Cash Cows 100 ETFVanguard S&P 500 ETFPacer Lunt Large Cap Multi-Factor Alternator ETFvs. Q1 2022SEC
Q1 2022May 10, 202237$122.7MPacer US Cash Cows 100 ETFVanguard S&P 500 ETFPIMCO Active Bond Exchange-Traded Fundvs. Q4 2021SEC
Q4 2021Feb 8, 202236$137.6MVanguard S&P 500 ETFPacer US Cash Cows 100 ETFPIMCO Active Bond Exchange-Traded Fundvs. Q3 2021SEC
Q3 2021Nov 2, 202136$136.0MVanguard S&P 500 ETFPIMCO Active Bond Exchange-Traded FundPacer US Cash Cows 100 ETFvs. Q2 2021SEC
Q2 2021Aug 9, 202136$138.7MVanguard S&P 500 ETFPacer US Cash Cows 100 ETFPIMCO Active Bond Exchange-Traded Fundvs. Q1 2021SEC
Q1 2021May 10, 202128$121.9MVanguard S&P 500 ETFVanguard Intermediate-Term Bond ETFiShares Tr–SEC