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Livermore
Livermore
ZHEN

Wilbanks Smith & Thomas Asset Management LLC

SEC CIK
0001007399
Latest filing
May 7, 2024

The latest 13F from Wilbanks Smith & Thomas Asset Management LLC covers Q1 2024 (filed May 7, 2024): 528 long positions worth $3.57B. The top 10 holdings make up 35.3% of the portfolio, and the largest is Vanguard S&P 500 ETF at 9.3%. 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
28
Est. +$71.7M
Added
183
Est. +$116.6M
Reduced
220
Est. −$89.4M
Sold out
18
Est. −$20.5M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard S&P 500 ETF922908363
    9.3%$331.0M
  2. iShares Russell 1000 Growth ETF464287614
    5.4%$191.2M
  3. iShares Core S&P 500 ETF464287200
    5.1%$184.0M
  4. Vanguard Morningstar Value ETF922908744
    2.7%$96.6M
  5. Vanguard Morningstar Mid-Cap ETF922908629
    2.5%$90.5M

Share of portfolio

Top 5 holdings and the other 523 positions, by share of portfolio value

  1. Vanguard S&P 500 ETF9.3%
  2. iShares Russell 1000 Growth ETF5.4%
  3. iShares Core S&P 500 ETF5.1%
  4. Vanguard Morningstar Value ETF2.7%
  5. Vanguard Morningstar Mid-Cap ETF2.5%
  6. Other 523 positions75.0%

Biggest buys

New and added positions, by estimated amount bought

  1. SPDR Series Trust78468R606
    +$33.4MNew
  2. DBX ETF Tr233051432
    +$15.5MAdded
  3. Invesco Exch TRD SLF Idx FD46138J460
    +$15.4MAdded
  4. Janus Detroit STR Tr47103U845
    +$13.0MNew
  5. SNPSSynopsys Inc
    +$11.5MNewHistory

Largest weight increases

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

  1. SPDR Series Trust78468R606
    +0.93 pp0.0% → 0.9%
  2. Janus Detroit STR Tr47103U845
    +0.36 pp0.0% → 0.4%
  3. Invesco Exch TRD SLF Idx FD46138J460
    +0.36 pp0.7% → 1.1%
  4. DBX ETF Tr233051432
    +0.33 pp1.2% → 1.6%
  5. SNPSSynopsys Inc
    +0.32 pp0.0% → 0.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SPLKSplunk Inc
    −$14.1MSold outHistory
  2. Invesco Exch Traded FD Tr II46138G508
    −$13.9MReduced
  3. CSCOCisco Systems, Inc.
    −$9.10MReducedHistory
  4. Invesco Exch TRD SLF Idx FD46138J791
    −$8.77MReduced
  5. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −$6.54MReduced

Largest weight decreases

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

  1. Invesco Exch Traded FD Tr II46138G508
    −0.48 pp1.1% → 0.6%
  2. SPLKSplunk Inc
    −0.43 pp0.4% → 0.0%History
  3. CSCOCisco Systems, Inc.
    −0.29 pp0.4% → 0.1%History
  4. Invesco Exch TRD SLF Idx FD46138J791
    −0.29 pp0.5% → 0.2%
  5. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −0.22 pp0.5% → 0.3%

Metrics

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

Portfolio value
$3.57B
+$301.9M (+9.2%) vs. prior quarter
Positions
528
+10 vs. prior quarter
Top 10 concentration
35.3%
Top 10 as share of value
Turnover
3.2%
Q1 2024, one quarter
Average holding period
11.2 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 $3.57B (Q1 2024)

Q1 2021: $2.31BQ2 2021: $2.55BQ3 2021: $2.55BQ4 2021: $2.87BQ1 2022: $2.50BQ2 2022: $2.38BQ3 2022: $2.33BQ4 2022: $2.64BQ1 2023: $2.88BQ2 2023: $3.03BQ3 2023: $2.89BQ4 2023: $3.27BQ1 2024: $3.57B
Q1 2021Q1 2024
13F filings of Wilbanks Smith & Thomas Asset Management LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q1 2024May 7, 2024528$3.57BVanguard S&P 500 ETFiShares Russell 1000 Growth ETFiShares Core S&P 500 ETFvs. Q4 2023SEC
Q4 2023Feb 6, 2024518$3.27BVanguard S&P 500 ETFiShares Russell 1000 Growth ETFiShares Core S&P 500 ETFvs. Q3 2023SEC
Q3 2023Nov 6, 2023494$2.89BVanguard S&P 500 ETFiShares Core S&P 500 ETFiShares Russell 1000 Growth ETFvs. Q2 2023SEC
Q2 2023Aug 8, 2023513$3.03BVanguard S&P 500 ETFiShares Core S&P 500 ETFiShares Russell 1000 Growth ETFvs. Q1 2023SEC
Q1 2023May 5, 2023506$2.88BVanguard S&P 500 ETFiShares Core S&P 500 ETFiShares Russell 1000 Growth ETFvs. Q4 2022SEC
Q4 2022Feb 14, 2023496$2.64BVanguard S&P 500 ETFiShares Core S&P 500 ETFiShares Russell 1000 Growth ETFvs. Q3 2022SEC
Q3 2022Oct 31, 2022468$2.33BVanguard S&P 500 ETFiShares Core S&P 500 ETFiShares Russell 1000 Growth ETFvs. Q2 2022SEC
Q2 2022Aug 3, 2022480$2.38BVanguard S&P 500 ETFiShares Core S&P 500 ETFiShares Russell 1000 Growth ETFvs. Q1 2022SEC
Q1 2022May 5, 2022501$2.50BVanguard S&P 500 ETFiShares Core S&P 500 ETFiShares Russell 1000 Growth ETFvs. Q4 2021SEC
Q4 2021Feb 8, 2022508$2.87BVanguard S&P 500 ETFiShares Core S&P 500 ETFiShares Russell 1000 Growth ETFvs. Q3 2021SEC
Q3 2021Nov 4, 2021503$2.55BVanguard S&P 500 ETFiShares Core S&P 500 ETFiShares Russell 1000 Growth ETFvs. Q2 2021SEC
Q2 2021Aug 4, 2021491$2.55BVanguard S&P 500 ETFiShares Core S&P 500 ETFiShares Russell 1000 Growth ETFvs. Q1 2021SEC
Q1 2021May 11, 2021468$2.31BVanguard S&P 500 ETFiShares Core S&P 500 ETFiShares Russell 1000 Growth ETF–SEC