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Livermore
Livermore
ZHEN

Girard Partners Ltd.

SEC CIK
0001000490
Latest filing
Aug 12, 2024

The latest 13F from Girard Partners Ltd. covers Q2 2024 (filed Aug 12, 2024): 259 long positions worth $1.06B. The top 10 holdings make up 40.6% of the portfolio, and the largest is State Street SPDR Portfolio S&P 500 ETF at 7.4%. Livermore has 15 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2024

Share counts compared with Q1 2024: 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
6
Est. +$3.79M
Added
72
Est. +$16.3M
Reduced
150
Est. −$37.8M
Sold out
9
Est. −$4.02M

Top 5 holdings

Share of this quarter's portfolio value

  1. State Street SPDR Portfolio S&P 500 ETF78464A854
    7.4%$78.2M
  2. Vanguard Star FDS921909768
    7.0%$74.3M
  3. AAPLApple Inc.
    6.6%$70.1MHistory
  4. MSFTMicrosoft Corp
    4.2%$44.0MHistory
  5. State Street SPDR Portfolio Aggregate Bond ETF78464A649
    3.9%$41.3M

Biggest buys

New and added positions, by estimated amount bought

  1. AVGOBroadcom Inc.
    +$6.43MAddedHistory
  2. State Street SPDR Portfolio S&P 500 ETF78464A854
    +$1.73MAdded
  3. EXLSExlService Holdings, Inc.
    +$1.66MNewHistory
  4. ITGartner Inc
    +$1.26MNewHistory
  5. Vanguard Star FDS921909768
    +$1.23MAdded

Largest weight increases

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

  1. AVGOBroadcom Inc.
    +0.71 pp0.4% → 1.2%History
  2. State Street SPDR Portfolio S&P 500 ETF78464A854
    +0.48 pp6.9% → 7.4%
  3. EXLSExlService Holdings, Inc.
    +0.16 pp0.0% → 0.2%History
  4. Vanguard Star FDS921909768
    +0.15 pp6.9% → 7.0%
  5. ITGartner Inc
    +0.12 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. MKSIMKS Inc
    −$4.71MReducedHistory
  2. LOWLowes Companies Inc
    −$2.20MSold outHistory
  3. TMOThermo Fisher Scientific Inc.
    −$2.15MReducedHistory
  4. VRSKVerisk Analytics, Inc.
    −$1.93MReducedHistory
  5. SWKSSkyworks Solutions, Inc.
    −$1.78MReducedHistory

Largest weight decreases

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

  1. MKSIMKS Inc
    −0.45 pp0.7% → 0.3%History
  2. TMOThermo Fisher Scientific Inc.
    −0.28 pp1.7% → 1.4%History
  3. LOWLowes Companies Inc
    −0.21 pp0.2% → 0.0%History
  4. SWKSSkyworks Solutions, Inc.
    −0.18 pp0.8% → 0.6%History
  5. SHWSherwin Williams Co
    −0.15 pp0.9% → 0.7%History

Metrics

13F metrics for Q2 2024, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.06B
−$5.39M (−0.5%) vs. prior quarter
Positions
259
−3 vs. prior quarter
Top 10 concentration
40.6%
Top 10 as share of value
Turnover
1.9%
Q2 2024, one quarter
Average holding period
12.8 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

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

Peak $1.06B (Q1 2024)

Q1 2021: $693.3MQ2 2021: $778.1MQ3 2021: $792.0MQ4 2021: $920.1MQ1 2022: $913.7MQ2 2022: $784.0MQ3 2022: $753.5MQ4 2022: $882.6MQ1 2023: $904.4MQ2 2023: $946.7MQ3 2023: $886.3MQ4 2023: $985.4MQ1 2024: $1.06BQ2 2024: $1.06B
Q1 2021Q2 2024
13F filings of Girard Partners Ltd. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2024Aug 12, 2024259$1.06BState Street SPDR Portfolio S&P 500 ETFVanguard Star FDSAAPLvs. Q1 2024SEC
Q1 2024May 13, 2024262$1.06BState Street SPDR Portfolio S&P 500 ETFVanguard Star FDSAAPLvs. Q4 2023SEC
Q4 2023Feb 9, 2024246$985.4MAAPLState Street SPDR Portfolio S&P 500 ETFVanguard Star FDSvs. Q3 2023SEC
Q3 2023Nov 2, 2023243$886.3MAAPLState Street SPDR Portfolio S&P 500 ETFVanguard Star FDSvs. Q2 2023SEC
Q2 2023Aug 15, 2023252$946.7MAAPLState Street SPDR Portfolio S&P 500 ETFVanguard Star FDSvs. Q1 2023SEC
Q1 2023May 12, 2023252$904.4MAAPLState Street SPDR Portfolio S&P 500 ETFVanguard Star FDSvs. Q4 2022SEC
Q4 2022Jan 26, 2023260$882.6MAAPLState Street SPDR Portfolio S&P 500 ETFVanguard Star FDSvs. Q3 2022SEC
Q3 2022Oct 20, 2022231$753.5MAAPLState Street SPDR Portfolio S&P 500 ETFVanguard Star FDSvs. Q2 2022SEC
Q2 2022Jul 26, 2022218$784.0MAAPLState Street SPDR Portfolio S&P 500 ETFState Street SPDR Portfolio Aggregate Bond ETFvs. Q1 2022SEC
Q1 2022Apr 27, 2022247$913.7MAAPLState Street SPDR Portfolio S&P 500 ETFState Street SPDR Portfolio Aggregate Bond ETFvs. Q4 2021SEC
Q4 2021Feb 2, 2022257$920.1MAAPLState Street SPDR Portfolio Aggregate Bond ETFMSFTvs. Q3 2021SEC
Q3 2021Nov 1, 2021Amended252$792.0MAAPLState Street SPDR Portfolio Aggregate Bond ETFMSFTvs. Q2 2021SEC
Q2 2021Aug 10, 2021261$778.1MAAPLState Street SPDR Portfolio Aggregate Bond ETFMSFTvs. Q1 2021SEC
Q1 2021May 6, 2021215$693.3MAAPLState Street SPDR Portfolio Aggregate Bond ETFMSFT–SEC