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Livermore
Livermore
ZHEN

Raymond James Trust N.A.

SEC CIK
0001088950
Latest filing
Nov 12, 2024

The latest 13F from Raymond James Trust N.A. covers Q3 2024 (filed Nov 12, 2024): 1,313 long positions worth $4.60B. The top 10 holdings make up 21.3% of the portfolio, and the largest is Microsoft Corp (MSFT) at 3.8%. Livermore has 15 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q3 2024

Share counts compared with Q2 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
105
Est. +$28.8M
Added
588
Est. +$177.0M
Reduced
465
Est. −$110.5M
Sold out
46
Est. −$14.4M

Top 5 holdings

Share of this quarter's portfolio value

  1. MSFTMicrosoft Corp
    3.8%$173.3MHistory
  2. AAPLApple Inc.
    3.7%$168.6MHistory
  3. Vanguard S&P 500 ETF922908363
    3.1%$141.8M
  4. NVDANVIDIA Corp
    1.9%$88.8MHistory
  5. Vanguard Ftse Developed Markets ETF921943858
    1.8%$82.3M

Share of portfolio

Top 5 holdings and the other 1,308 positions, by share of portfolio value

  1. MSFT3.8%
  2. AAPL3.7%
  3. Vanguard S&P 500 ETF3.1%
  4. NVDA1.9%
  5. Vanguard Ftse Developed Markets ETF1.8%
  6. Other 1,308 positions85.8%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard S&P 500 ETF922908363
    +$10.6MAdded
  2. SPYSPDR S&P 500 ETF Trust
    +$8.40MAddedHistory
  3. iShares Core S&P Mid-Cap ETF464287507
    +$8.39MAdded
  4. AMGNAmgen Inc
    +$6.10MAddedHistory
  5. NVDANVIDIA Corp
    +$3.54MAddedHistory

Largest weight increases

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

  1. iShares Core S&P Mid-Cap ETF464287507
    +0.17 pp0.6% → 0.8%
  2. Vanguard S&P 500 ETF922908363
    +0.16 pp2.9% → 3.1%
  3. SPYSPDR S&P 500 ETF Trust
    +0.16 pp1.0% → 1.2%History
  4. HDHome Depot, Inc.
    +0.12 pp1.2% → 1.3%History
  5. WMTWalmart Inc.
    +0.11 pp0.9% → 1.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. AFLAflac Inc
    −$17.5MReducedHistory
  2. iShares Tr46435G433
    −$5.78MReduced
  3. DOWDow Inc.
    −$3.50MReducedHistory
  4. MDLZMondelez International, Inc.
    −$3.25MReducedHistory
  5. SMCISuper Micro Computer, Inc.
    −$3.23MSold outHistory

Largest weight decreases

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

  1. AFLAflac Inc
    −0.26 pp0.8% → 0.5%History
  2. GOOGAlphabet Inc.
    −0.24 pp1.4% → 1.2%History
  3. iShares Tr46435G433
    −0.12 pp0.1% → <0.1%
  4. CVXChevron Corp
    −0.10 pp0.7% → 0.6%History
  5. AMATApplied Materials Inc
    −0.09 pp0.4% → 0.4%History

Metrics

13F metrics for Q3 2024, computed only from the numbers in the filings. Definitions below.

Portfolio value
$4.60B
+$341.0M (+8.0%) vs. prior quarter
Positions
1,313
+59 vs. prior quarter
Top 10 concentration
21.3%
Top 10 as share of value
Turnover
2.8%
Q3 2024, one quarter
Average holding period
14.4 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

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

Peak $4.60B (Q3 2024)

Q1 2021: $2.87BQ2 2021: $3.01BQ3 2021: $3.00BQ4 2021: $3.36BQ1 2022: $3.25BQ2 2022: $2.79BQ3 2022: $2.68BQ4 2022: $2.97BQ1 2023: $3.16BQ2 2023: $3.45BQ3 2023: $3.37BQ4 2023: $3.78BQ1 2024: $4.12BQ2 2024: $4.26BQ3 2024: $4.60B
Q1 2021Q3 2024
13F filings of Raymond James Trust N.A. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2024Nov 12, 20241,313$4.60BMSFTAAPLVanguard S&P 500 ETFvs. Q2 2024SEC
Q2 2024Jul 25, 20241,254$4.26BMSFTAAPLVanguard S&P 500 ETFvs. Q1 2024SEC
Q1 2024Apr 24, 20241,250$4.12BMSFTAAPLVanguard S&P 500 ETFvs. Q4 2023SEC
Q4 2023Jan 10, 20241,207$3.78BMSFTAAPLVanguard S&P 500 ETFvs. Q3 2023SEC
Q3 2023Nov 14, 20231,151$3.37BAAPLMSFTVanguard S&P 500 ETFvs. Q2 2023SEC
Q2 2023Aug 15, 20231,180$3.45BAAPLMSFTVanguard S&P 500 ETFvs. Q1 2023SEC
Q1 2023May 3, 20231,152$3.16BAAPLMSFTVanguard Ftse Developed Markets ETFvs. Q4 2022SEC
Q4 2022Feb 2, 20231,132$2.97BAAPLMSFTVanguard Ftse Developed Markets ETFvs. Q3 2022SEC
Q3 2022Oct 31, 20221,068$2.68BAAPLMSFTVanguard S&P 500 ETFvs. Q2 2022SEC
Q2 2022Jul 14, 20221,082$2.79BMSFTAAPLVanguard S&P 500 ETFvs. Q1 2022SEC
Q1 2022May 12, 20221,158$3.25BAAPLMSFTVanguard S&P 500 ETFvs. Q4 2021SEC
Q4 2021Jan 31, 20221,184$3.36BMSFTAAPLVanguard S&P 500 ETFvs. Q3 2021SEC
Q3 2021Oct 18, 20211,126$3.00BMSFTAAPLVanguard S&P 500 ETFvs. Q2 2021SEC
Q2 2021Jul 20, 20211,124$3.01BMSFTAAPLVanguard S&P 500 ETFvs. Q1 2021SEC
Q1 2021May 3, 20211,093$2.87BMSFTAAPLVanguard S&P 500 ETF–SEC