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Livermore
Livermore
ZHEN

Strategic Wealth Management Inc

SEC CIK
0000849854
Latest filing
Feb 7, 2022

The latest 13F from Strategic Wealth Management Inc covers Q4 2021 (filed Feb 7, 2022): 71 long positions worth $202.3M. The top 10 holdings make up 38.8% of the portfolio, and the largest is Schwab Strategic Tr at 11.5%. Livermore has 4 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q4 2021

Share counts compared with Q3 2021: 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
3
Est. +$8.48M
Added
31
Est. +$6.78M
Reduced
9
Est. −$8.43M
Sold out
1
Est. −$3.34M

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab Strategic Tr808524862
    11.5%$23.3M
  2. State Street Consumer Discretionary Select Sector SPDR ETF81369Y407
    5.8%$11.7M
  3. FSKFS KKR Capital Corp
    3.2%$6.50MHistory
  4. First Tr Exchange-Traded FD33734X119
    2.8%$5.57M
  5. First Trust Dow Jones Internet Index Fund33733E302
    2.7%$5.50M

Share of portfolio

Top 5 holdings and the other 66 positions, by share of portfolio value

  1. Schwab Strategic Tr11.5%
  2. State Street Consumer Discretionary Select Sector SPDR ETF5.8%
  3. FSK3.2%
  4. First Tr Exchange-Traded FD2.8%
  5. First Trust Dow Jones Internet Index Fund2.7%
  6. Other 66 positions74.1%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Russell Mid-Cap Value ETF464287473
    +$4.26MNew
  2. State Street Materials Select Sector SPDR ETF81369Y100
    +$2.56MNew
  3. First Trust Dow Jones Internet Index Fund33733E302
    +$2.37MAdded
  4. Global X FDS37954Y160
    +$1.66MNew
  5. Invesco Exch Traded FD Tr II46138G706
    +$635.0KAdded

Largest weight increases

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

  1. iShares Russell Mid-Cap Value ETF464287473
    +2.11 pp0.0% → 2.1%
  2. State Street Materials Select Sector SPDR ETF81369Y100
    +1.26 pp0.0% → 1.3%
  3. First Trust Dow Jones Internet Index Fund33733E302
    +1.02 pp1.7% → 2.7%
  4. Global X FDS37954Y160
    +0.82 pp0.0% → 0.8%
  5. AVGOBroadcom Inc.
    +0.42 pp1.3% → 1.7%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. First Tr Exchange-Traded FD33739Q408
    −$5.93MReduced
  2. BRGBluerock Residential Growth REIT, Inc.
    −$3.34MSold outHistory
  3. State Street SPDR S&P Biotech ETF78464A870
    −$1.38MReduced
  4. State Street Consumer Discretionary Select Sector SPDR ETF81369Y407
    −$838.0KReduced
  5. RIORio Tinto PLC
    −$167.3KReducedHistory

Largest weight decreases

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

  1. First Tr Exchange-Traded FD33739Q408
    −3.20 pp5.3% → 2.1%
  2. BRGBluerock Residential Growth REIT, Inc.
    −1.73 pp1.7% → 0.0%History
  3. State Street SPDR S&P Biotech ETF78464A870
    −1.01 pp2.1% → 1.1%
  4. RIORio Tinto PLC
    −0.17 pp1.8% → 1.6%History
  5. GLDSPDR Gold Trust
    −0.05 pp2.8% → 2.7%History

Metrics

13F metrics for Q4 2021, computed only from the numbers in the filings. Definitions below.

Portfolio value
$202.3M
+$9.92M (+5.2%) vs. prior quarter
Positions
71
+2 vs. prior quarter
Top 10 concentration
38.8%
Top 10 as share of value
Turnover
6.0%
Q4 2021, one quarter
Average holding period
3.8 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

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

Peak $202.3M (Q4 2021)

Q1 2021: $166.7MQ2 2021: $185.3MQ3 2021: $192.4MQ4 2021: $202.3M
Q1 2021Q4 2021
13F filings of Strategic Wealth Management Inc by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q4 2021Feb 7, 202271$202.3MSchwab Strategic TrState Street Consumer Discretionary Select Sector SPDR ETFFSKvs. Q3 2021SEC
Q3 2021Nov 17, 202169$192.4MSchwab Strategic TrState Street Consumer Discretionary Select Sector SPDR ETFFirst Tr Exchange-Traded FDvs. Q2 2021SEC
Q2 2021Aug 5, 202172$185.3MState Street Consumer Discretionary Select Sector SPDR ETFSchwab Strategic TrFirst Tr Exchange-Traded FDvs. Q1 2021SEC
Q1 2021May 3, 202170$166.7MFirst Tr Exchange-Traded FDSchwab Strategic TrState Street Consumer Discretionary Select Sector SPDR ETF–SEC