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Asset Management Corp

SEC CIK
0001107075
Latest filing
Apr 14, 2023

The latest 13F from Asset Management Corp covers Q1 2023 (filed Apr 14, 2023): 133 long positions worth $127.7M. The top 10 holdings make up 44.3% of the portfolio, and the largest is Apple Inc. (AAPL) at 10.8%. Livermore has 9 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q1 2023

Share counts compared with Q4 2022: 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
17
Est. +$4.83M
Added
45
Est. +$12.8M
Reduced
63
Est. −$14.7M
Sold out
16
Est. −$6.42M

Top 5 holdings

Share of this quarter's portfolio value

  1. AAPLApple Inc.
    10.8%$13.8MHistory
  2. SPYSPDR S&P 500 ETF Trust
    9.7%$12.4MHistory
  3. CMECME Group Inc.
    4.3%$5.54MHistory
  4. Invesco Exchange Traded FD T46137V357
    3.9%$4.96M
  5. MSFTMicrosoft Corp
    3.5%$4.41MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. SPYSPDR S&P 500 ETF Trust
    +$9.70MAddedHistory
  2. Vanguard Morningstar Value ETF922908744
    +$1.30MNew
  3. Innovator ETFs Trust45782C417
    +$717.0KNew
  4. Vanguard Morningstar Mid-Cap Value ETF922908512
    +$677.2KNew
  5. Pacer US Cash Cows 100 ETF69374H881
    +$654.0KAdded

Largest weight increases

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

  1. SPYSPDR S&P 500 ETF Trust
    +7.60 pp2.1% → 9.7%History
  2. Vanguard Morningstar Value ETF922908744
    +1.02 pp0.0% → 1.0%
  3. Innovator ETFs Trust45782C417
    +0.56 pp0.0% → 0.6%
  4. Vanguard Morningstar Mid-Cap Value ETF922908512
    +0.53 pp0.0% → 0.5%
  5. Pacer US Cash Cows 100 ETF69374H881
    +0.50 pp0.2% → 0.7%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. TSLATesla, Inc.
    −$2.06MReducedHistory
  2. MSFTMicrosoft Corp
    −$1.57MReducedHistory
  3. KOCoca Cola Co
    −$904.2KReducedHistory
  4. AMTAmerican Tower Corp
    −$832.1KSold outHistory
  5. METAMeta Platforms, Inc.
    −$778.9KReducedHistory

Largest weight decreases

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

  1. KOCoca Cola Co
    −0.82 pp1.3% → 0.4%History
  2. TSLATesla, Inc.
    −0.79 pp1.4% → 0.6%History
  3. MSFTMicrosoft Corp
    −0.72 pp4.2% → 3.5%History
  4. AMTAmerican Tower Corp
    −0.70 pp0.7% → 0.0%History
  5. HONHoneywell International Inc
    −0.60 pp0.8% → 0.2%History

Metrics

13F metrics for Q1 2023, computed only from the numbers in the filings. Definitions below.

Portfolio value
$127.7M
+$8.40M (+7.0%) vs. prior quarter
Positions
133
+1 vs. prior quarter
Top 10 concentration
44.3%
Top 10 as share of value
Turnover
14.2%
Q1 2023, one quarter
Average holding period
8.1 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

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

Peak $172.6M (Q4 2021)

Q1 2021: $144.7MQ2 2021: $154.4MQ3 2021: $159.9MQ4 2021: $172.6MQ1 2022: $163.3MQ2 2022: $133.8MQ3 2022: $125.0MQ4 2022: $119.3MQ1 2023: $127.7M
Q1 2021Q1 2023
13F filings of Asset Management Corp by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q1 2023Apr 14, 2023133$127.7MAAPLSPYCMEvs. Q4 2022SEC
Q4 2022Jan 24, 2023132$119.3MAAPLMSFTCMEvs. Q3 2022SEC
Q3 2022Oct 21, 2022146$125.0MAAPLMSFTCMEvs. Q2 2022SEC
Q2 2022Aug 1, 2022146$133.8MAAPLMSFTCMEvs. Q1 2022SEC
Q1 2022May 3, 2022156$163.3MAAPLMSFTCMEvs. Q4 2021SEC
Q4 2021Jan 25, 2022160$172.6MAAPLCMEMSFTvs. Q3 2021SEC
Q3 2021Oct 13, 2021168$159.9MAAPLMSFTCMEvs. Q2 2021SEC
Q2 2021Aug 6, 2021159$154.4MAAPLCMEMSFTvs. Q1 2021SEC
Q1 2021May 4, 2021157$144.7MAAPLCMEMSFT–SEC