Derby & Company, Inc
- SEC CIK
- 0001086611
- Latest filing
- Nov 12, 2021
The latest 13F from Derby & Company, Inc covers Q3 2021 (filed Nov 12, 2021): 78 long positions worth $495.3M. The top 10 holdings make up 71.3% of the portfolio, and the largest is Vanguard Dividend Appreciation ETF at 13.5%. 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.
- New
- 1
- Est. +$204.0K
- Added
- 37
- Est. +$17.6M
- Reduced
- 4
- Est. −$1.01M
- Sold out
- 1
- Est. −$201.0K
Top 5 holdings
Share of this quarter's portfolio value
- Vanguard Dividend Appreciation ETF92190884413.5%$66.6M
- Vanguard Morningstar Large-Cap ETF92290863713.1%$64.8M
- iShares Tr46428762211.9%$58.8M
- Vanguard Morningstar Value ETF9229087448.2%$40.6M
- iShares Tr4642876897.8%$38.6M
Share of portfolio
Top 5 holdings and the other 73 positions, by share of portfolio value
- Vanguard Dividend Appreciation ETF13.5%
- Vanguard Morningstar Large-Cap ETF13.1%
- iShares Tr11.9%
- Vanguard Morningstar Value ETF8.2%
- iShares Tr7.8%
- Other 73 positions45.6%
Biggest buys
New and added positions, by estimated amount bought
- Vanguard Dividend Appreciation ETF921908844+$2.20MAdded
- Vanguard Total Bond Market ETF921937835+$1.66MAdded
- Vanguard Morningstar Large-Cap ETF922908637+$1.46MAdded
- Vanguard Morningstar Value ETF922908744+$1.32MAdded
- iShares Tr464287622+$1.28MAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Vanguard Total Bond Market ETF921937835+0.28 pp1.5% → 1.8%
- iShares U S ETF Tr46431W838+0.16 pp0.3% → 0.4%
- J P Morgan Exchange Traded F46641Q654+0.15 pp0.4% → 0.5%
- SPDR Series Trust78468R739+0.14 pp1.9% → 2.0%
- PIMCO Enhanced Short Maturity Active Exchange-Traded Fund72201R833+0.13 pp3.4% → 3.6%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- iShares Tr464288414−$450.8KReduced
- SPDR Series Trust78468R721−$397.0KReduced
- UNHUnitedHealth Group Inc
- Vanguard Mun BD FDS922907746−$143.1KReduced
- iShares Tr464287457−$21.4KReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- iShares Tr464288414−0.12 pp0.8% → 0.6%
- SPDR Series Trust78468R721−0.11 pp0.8% → 0.6%
- Vanguard Mun BD FDS922907746−0.04 pp0.3% → 0.3%
- UNHUnitedHealth Group Inc
- iShares Tr464287457−0.01 pp0.1% → 0.1%
Metrics
13F metrics for Q3 2021, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $495.3M
- +$15.3M (+3.2%) vs. prior quarter
- Positions
- 78
- 0 vs. prior quarter
- Top 10 concentration
- 71.3%
- Top 10 as share of value
- Turnover
- 0.2%
- Q3 2021, 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
3 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $495.3M (Q3 2021)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q3 2021 | Nov 12, 2021 | 78 | $495.3M | Vanguard Dividend Appreciation ETFVanguard Morningstar Large-Cap ETFiShares Tr | vs. Q2 2021 | SEC |
| Q2 2021 | Aug 18, 2021 | 78 | $480.0M | Vanguard Dividend Appreciation ETFVanguard Morningstar Large-Cap ETFiShares Tr | vs. Q1 2021 | SEC |
| Q1 2021 | May 17, 2021 | 76 | $443.1M | Vanguard Dividend Appreciation ETFVanguard Morningstar Large-Cap ETFiShares Tr | – | SEC |