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Livermore
Livermore
ZHEN

Mercer Investments LLC

SEC CIK
0001409728
Latest filing
May 14, 2024

The latest 13F from Mercer Investments LLC covers Q1 2024 (filed May 14, 2024): 9 long positions worth $62.6M. The top 10 holdings make up 100.0% of the portfolio, and the largest is Mexican Economic Development Inc (FMX) at 31.6%. 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
0
Added
0
Reduced
9
Est. −$16.4M
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. FMXMexican Economic Development Inc
    31.6%$19.8MHistory
  2. Vanguard Dividend Appreciation ETF921908844
    24.3%$15.2M
  3. Vanguard S&P 500 ETF922908363
    16.0%$10.0M
  4. FNVFranco Nevada Corp
    13.7%$8.58MHistory
  5. MELIMercadolibre Inc
    6.5%$4.04MHistory

Share of portfolio

Top 5 holdings and the other 4 positions, by share of portfolio value

  1. FMX31.6%
  2. Vanguard Dividend Appreciation ETF24.3%
  3. Vanguard S&P 500 ETF16.0%
  4. FNV13.7%
  5. MELI6.5%
  6. Other 4 positions7.9%

Biggest buys

New and added positions, by estimated amount bought

None this quarter.

Largest weight increases

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

None this quarter.

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard S&P 500 ETF922908363
    −$9.39MReduced
  2. Vanguard Dividend Appreciation ETF921908844
    −$1.63MReduced
  3. FMXMexican Economic Development Inc
    −$1.40MReducedHistory
  4. iShares Tr46435G516
    −$1.36MReduced
  5. VanEck Vectors ETF Tr92189F635
    −$1.11MReduced

Largest weight decreases

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

  1. Vanguard S&P 500 ETF922908363
    −7.35 pp23.3% → 16.0%
  2. iShares Tr46435G516
    −1.35 pp2.9% → 1.6%
  3. VanEck Vectors ETF Tr92189F635
    −0.97 pp2.7% → 1.8%
  4. iShares Tr46429B747
    −0.13 pp0.3% → 0.2%

Metrics

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

Portfolio value
$62.6M
−$13.1M (−17.3%) vs. prior quarter
Positions
9
0 vs. prior quarter
Top 10 concentration
100.0%
Top 10 as share of value
Turnover
0.0%
Q1 2024, one quarter
Average holding period
12.0 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

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

Peak $75.7M (Q4 2023)

Q1 2021: $21.4MQ2 2021: $44.3MQ3 2021: $46.3MQ4 2021: $64.6MQ1 2022: $63.1MQ2 2022: $50.1MQ3 2022: $51.9MQ4 2022: $58.4MQ1 2023: $64.3MQ2 2023: $69.0MQ3 2023: $62.5MQ4 2023: $75.7MQ1 2024: $62.6M
Q1 2021Q1 2024
13F filings of Mercer Investments LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q1 2024May 14, 20249$62.6MFMXVanguard Dividend Appreciation ETFVanguard S&P 500 ETFvs. Q4 2023SEC
Q4 2023Feb 12, 20249$75.7MFMXVanguard S&P 500 ETFVanguard Dividend Appreciation ETFvs. Q3 2023SEC
Q3 2023Nov 9, 202311$62.5MFMXVanguard Dividend Appreciation ETFFNVvs. Q2 2023SEC
Q2 2023Aug 11, 202311$69.0MFMXVanguard Dividend Appreciation ETFFNVvs. Q1 2023SEC
Q1 2023May 11, 202310$64.3MFMXVanguard Dividend Appreciation ETFFNVvs. Q4 2022SEC
Q4 2022Feb 10, 20239$58.4MFMXVanguard Dividend Appreciation ETFVanguard S&P 500 ETFvs. Q3 2022SEC
Q3 2022Nov 3, 202210$51.9MFMXVanguard Dividend Appreciation ETFVanguard S&P 500 ETFvs. Q2 2022SEC
Q2 2022Jul 26, 202210$50.1MFMXVanguard Dividend Appreciation ETFVanguard S&P 500 ETFvs. Q1 2022SEC
Q1 2022May 16, 20229$63.1MFMXVanguard Dividend Appreciation ETFVanguard S&P 500 ETFvs. Q4 2021SEC
Q4 2021Feb 11, 20229$64.6MVanguard Dividend Appreciation ETFFMXVanguard S&P 500 ETFvs. Q3 2021SEC
Q3 2021Nov 10, 20218$46.3MVanguard Dividend Appreciation ETFFMXVanguard S&P 500 ETFvs. Q2 2021SEC
Q2 2021Aug 16, 20217$44.3MVanguard Dividend Appreciation ETFFMXVanguard S&P 500 ETFvs. Q1 2021SEC
Q1 2021May 14, 20214$21.4MFMXVanguard S&P 500 ETFCCU–SEC

13D and 13G filings

Companies where Mercer Investments LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Mercer Investments LLC does not currently report owning 5% or more of any company.

Latest filings

4 filings on file made by Mercer Investments LLC or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Mercer Investments LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
Audax Credit BDC Inc.Feb 8, 202413G/AOld format–––SEC
Audax Credit BDC Inc.Feb 8, 202313G/AOld format–––SEC
Audax Credit BDC Inc.Feb 7, 202213G/AOld format–––SEC
Audax Credit BDC Inc.Feb 12, 202113G/AOld format–––SEC