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Livermore
Livermore
ZHEN

Investment Security Group Inc

SEC CIK
0000892914
Latest filing
Oct 18, 2021

The latest 13F from Investment Security Group Inc covers Q3 2021 (filed Oct 18, 2021): 18 long positions worth $251.9M. The top 10 holdings make up 98.2% of the portfolio, and the largest is Schwab U.S. Large-Cap ETF at 39.9%. Livermore has 3 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q3 2021

Share counts compared with Q2 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
0
Added
5
Est. +$2.16M
Reduced
7
Est. −$1.22M
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab U.S. Large-Cap ETF808524201
    39.9%$100.5M
  2. Schwab U.S. Mid-Cap ETF808524508
    23.6%$59.4M
  3. WisdomTree Tr97717X669
    16.0%$40.3M
  4. iShares Tr46432F859
    14.7%$37.0M
  5. Schwab U.S. Small-Cap ETF808524607
    0.9%$2.25M

Share of portfolio

Top 5 holdings and the other 13 positions, by share of portfolio value

  1. Schwab U.S. Large-Cap ETF39.9%
  2. Schwab U.S. Mid-Cap ETF23.6%
  3. WisdomTree Tr16.0%
  4. iShares Tr14.7%
  5. Schwab U.S. Small-Cap ETF0.9%
  6. Other 13 positions5.0%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr46432F859
    +$1.66MAdded
  2. Schwab U.S. Mid-Cap ETF808524508
    +$259.2KAdded
  3. WisdomTree Tr97717X669
    +$245.5KAdded
  4. Dimensional U.S. Core Equity 2 ETF25434V708
    +$1.38KAdded
  5. SPDR Series Trust78468R739
    +$1.04KAdded

Largest weight increases

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

  1. iShares Tr46432F859
    +0.66 pp14.0% → 14.7%
  2. SPDR Series Trust78468R739
    0.00 pp0.2% → 0.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Schwab U.S. Large-Cap ETF808524201
    −$617.5KReduced
  2. Innovator ETFs Trust45782C599
    −$357.8KReduced
  3. Invesco Exch Traded FD Tr II46138E198
    −$108.1KReduced
  4. AAPLApple Inc.
    −$57.6KReducedHistory
  5. Schwab U.S. Small-Cap ETF808524607
    −$50.7KReduced

Largest weight decreases

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

  1. Innovator ETFs Trust45782C599
    −0.14 pp0.3% → 0.1%
  2. Schwab U.S. Small-Cap ETF808524607
    −0.05 pp0.9% → 0.9%
  3. Invesco Exch Traded FD Tr II46138E198
    −0.05 pp0.7% → 0.7%
  4. Schwab U.S. Large-Cap ETF808524201
    −0.05 pp39.9% → 39.9%
  5. TAT&T Inc.
    −0.03 pp0.3% → 0.3%History

Metrics

13F metrics for Q3 2021, computed only from the numbers in the filings. Definitions below.

Portfolio value
$251.9M
−$1.08M (−0.4%) vs. prior quarter
Positions
18
0 vs. prior quarter
Top 10 concentration
98.2%
Top 10 as share of value
Turnover
0.5%
Q3 2021, one quarter
Average holding period
2.8 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

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

Peak $253.0M (Q2 2021)

Q1 2021: $202.9MQ2 2021: $253.0MQ3 2021: $251.9M
Q1 2021Q3 2021
13F filings of Investment Security Group Inc by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2021Oct 18, 202118$251.9MSchwab U.S. Large-Cap ETFSchwab U.S. Mid-Cap ETFWisdomTree Trvs. Q2 2021SEC
Q2 2021Jul 15, 202118$253.0MSchwab U.S. Large-Cap ETFSchwab U.S. Mid-Cap ETFWisdomTree Trvs. Q1 2021SEC
Q1 2021Apr 12, 202114$202.9MSchwab U.S. Large-Cap ETFSchwab U.S. Mid-Cap ETFWisdomTree Tr–SEC