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Round Table Services, LLC

SEC CIK
0001375664
Latest filing
Oct 25, 2022

The latest 13F from Round Table Services, LLC covers Q3 2022 (filed Oct 25, 2022): 158 long positions worth $508.3M. The top 10 holdings make up 58.3% of the portfolio, and the largest is iShares Core S&P 500 ETF at 9.5%. Livermore has 7 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q3 2022

Share counts compared with Q2 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
15
Est. +$55.1M
Added
53
Est. +$31.2M
Reduced
41
Est. −$91.7M
Sold out
14
Est. −$7.28M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    9.5%$48.2M
  2. NMFCNew Mountain Finance Corp
    8.6%$43.8MHistory
  3. iShares Russell 2000 ETF464287655
    6.5%$33.2M
  4. iShares Russell 1000 Value ETF464287598
    5.9%$30.1M
  5. Innovator ETFs Trust45782C433
    5.7%$28.9M

Biggest buys

New and added positions, by estimated amount bought

  1. Innovator ETFs Trust45782C722
    +$28.4MNew
  2. Innovator ETFs Trust45782C276
    +$20.3MNew
  3. Vanguard Scottsdale FDS92206C714
    +$4.08MAdded
  4. Vanguard Morningstar Value ETF922908744
    +$2.54MAdded
  5. iShares Core S&P Small Cap ETF464287804
    +$2.45MAdded

Largest weight increases

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

  1. Innovator ETFs Trust45782C722
    +5.58 pp0.0% → 5.6%
  2. Innovator ETFs Trust45782C276
    +3.99 pp0.0% → 4.0%
  3. Vanguard Scottsdale FDS92206C714
    +0.81 pp0.2% → 1.0%
  4. NMFCNew Mountain Finance Corp
    +0.77 pp7.8% → 8.6%History
  5. iShares Core S&P Small Cap ETF464287804
    +0.50 pp1.0% → 1.5%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Ftse All-World Ex-US Index Fund922042775
    −$38.6MReduced
  2. Global X FDS37954Y673
    −$15.8MReduced
  3. iShares Tr464288877
    −$12.1MReduced
  4. iShares Tr464287192
    −$6.55MReduced
  5. Vanguard Ftse Developed Markets ETF921943858
    −$2.82MReduced

Largest weight decreases

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

  1. Vanguard Ftse All-World Ex-US Index Fund922042775
    −7.94 pp9.0% → 1.0%
  2. Global X FDS37954Y673
    −2.84 pp3.0% → 0.1%
  3. iShares Tr464288877
    −2.48 pp2.9% → 0.4%
  4. iShares Tr464287192
    −1.29 pp1.4% → 0.1%
  5. Vanguard Ftse Developed Markets ETF921943858
    −0.63 pp2.2% → 1.5%

Metrics

13F metrics for Q3 2022, computed only from the numbers in the filings. Definitions below.

Portfolio value
$508.3M
−$42.5M (−7.7%) vs. prior quarter
Positions
158
+1 vs. prior quarter
Top 10 concentration
58.3%
Top 10 as share of value
Turnover
16.3%
Q3 2022, one quarter
Average holding period
5.5 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

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

Peak $597.9M (Q1 2022)

Q1 2021: $413.1MQ2 2021: $454.0MQ3 2021: $468.4MQ4 2021: $529.8MQ1 2022: $597.9MQ2 2022: $550.8MQ3 2022: $508.3M
Q1 2021Q3 2022
13F filings of Round Table Services, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2022Oct 25, 2022158$508.3MiShares Core S&P 500 ETFNMFCiShares Russell 2000 ETFvs. Q2 2022SEC
Q2 2022Jul 21, 2022157$550.8MiShares Core S&P 500 ETFVanguard Ftse All-World Ex-US Index FundNMFCvs. Q1 2022SEC
Q1 2022May 3, 2022167$597.9MiShares Core S&P 500 ETFVanguard Ftse All-World Ex-US Index FundiShares Russell 2000 ETFvs. Q4 2021SEC
Q4 2021Feb 1, 2022152$529.8MiShares Core S&P 500 ETFVanguard Ftse All-World Ex-US Index FundiShares Russell 2000 ETFvs. Q3 2021SEC
Q3 2021Oct 29, 2021144$468.4MiShares Core S&P 500 ETFVanguard Ftse All-World Ex-US Index FundiShares Russell 2000 ETFvs. Q2 2021SEC
Q2 2021Jul 29, 2021131$454.0MiShares Core S&P 500 ETFVanguard Ftse All-World Ex-US Index FundiShares Russell 2000 ETFvs. Q1 2021SEC
Q1 2021May 6, 2021118$413.1MiShares Russell 2000 ETFiShares Core S&P 500 ETFVanguard Ftse All-World Ex-US Index Fund–SEC