Fure Financial Corp
- SEC CIK
- 0000841802
- Latest filing
- Nov 9, 2022
The latest 13F from Fure Financial Corp covers Q3 2022 (filed Nov 9, 2022): 34 long positions worth $122.1M. The top 10 holdings make up 76.8% of the portfolio, and the largest is ProShares Tr at 24.8%. Livermore has 7 filings on Form 13F from this institution, going back to Q1 2021.
What changed in Q3 2022
Share counts compared with Q2 2022: 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.
- New
- 10
- Est. +$23.8M
- Added
- 8
- Est. +$15.6M
- Reduced
- 4
- Est. −$3.40M
- Sold out
- 42
- Est. −$81.7M
Top 5 holdings
Share of this quarter's portfolio value
- ProShares Tr74347B42524.8%$30.2M
- State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R66318.0%$22.0M
- Schwab US Dividend Equity ETF8085247976.8%$8.33M
- Vanguard Morningstar Value ETF9229087445.2%$6.38M
- iShares Tr46429B7475.0%$6.07M
Share of portfolio
Top 5 holdings and the other 29 positions, by share of portfolio value
- ProShares Tr24.8%
- State Street SPDR Bloomberg 1-3 Month T-Bill ETF18.0%
- Schwab US Dividend Equity ETF6.8%
- Vanguard Morningstar Value ETF5.2%
- iShares Tr5.0%
- Other 29 positions40.2%
Biggest buys
New and added positions, by estimated amount bought
- State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663+$9.82MAdded
- Vanguard Dividend Appreciation ETF921908844+$4.66MAdded
- SPDR Series Trust78464A664+$4.10MNew
- State Street SPDR Portfolio S&P 500 ETF78464A854+$3.82MNew
- Vanguard Morningstar Small-Cap Value ETF922908611+$3.40MNew
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663+10.83 pp7.2% → 18.0%
- Vanguard Dividend Appreciation ETF921908844+3.93 pp0.4% → 4.3%
- SPDR Series Trust78464A664+3.36 pp0.0% → 3.4%
- State Street SPDR Portfolio S&P 500 ETF78464A854+3.13 pp0.0% → 3.1%
- Vanguard Morningstar Small-Cap Value ETF922908611+2.79 pp0.0% → 2.8%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Vanguard Morningstar Growth ETF922908736−$21.4MSold out
- JPMorgan Ultra-Short Income ETF46641Q837−$16.4MSold out
- Vanguard Malvern FDS922020805−$11.3MSold out
- iShares Tr46429B655−$10.5MSold out
- Pgim ETF Tr69344A107−$8.66MSold out
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Vanguard Morningstar Growth ETF922908736−12.67 pp12.7% → 0.0%
- JPMorgan Ultra-Short Income ETF46641Q837−9.69 pp9.7% → 0.0%
- Vanguard Malvern FDS922020805−6.70 pp6.7% → 0.0%
- iShares Tr46429B655−6.18 pp6.2% → 0.0%
- Pgim ETF Tr69344A107−5.12 pp5.1% → 0.0%
Metrics
13F metrics for Q3 2022, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $122.1M
- −$47.1M (−27.8%) vs. prior quarter
- Positions
- 34
- −32 vs. prior quarter
- Top 10 concentration
- 76.8%
- Top 10 as share of value
- Turnover
- 27.0%
- Q3 2022, one quarter
- Average holding period
- 3.0 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
7 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $178.8M (Q1 2022)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q3 2022 | Nov 9, 2022 | 34 | $122.1M | ProShares TrState Street SPDR Bloomberg 1-3 Month T-Bill ETFSchwab US Dividend Equity ETF | vs. Q2 2022 | SEC |
| Q2 2022 | Aug 15, 2022 | 66 | $169.1M | ProShares TrVanguard Morningstar Growth ETFJPMorgan Ultra-Short Income ETF | vs. Q1 2022 | SEC |
| Q1 2022 | May 12, 2022 | 63 | $178.8M | Vanguard S&P 500 ETFProShares TriShares Trust iShares 0-1 Year Treasury Bond ETF | vs. Q4 2021 | SEC |
| Q4 2021 | Feb 9, 2022 | 60 | $144.2M | Vanguard Morningstar Total Stock Market ETFVanEck Morningstar Wide Moat ETFiShares Tr | vs. Q3 2021 | SEC |
| Q3 2021 | Nov 10, 2021 | 49 | $143.2M | Vanguard S&P 500 ETFVanEck Morningstar Wide Moat ETFiShares Tr | vs. Q2 2021 | SEC |
| Q2 2021 | Aug 3, 2021 | 26 | $137.7M | Vanguard Morningstar Total Stock Market ETFiShares TriShares Core S&P 500 ETF | vs. Q1 2021 | SEC |
| Q1 2021 | May 10, 2021 | 81 | $127.5M | Vanguard Morningstar Total Stock Market ETFiShares TriShares Core S&P Small Cap ETF | – | SEC |