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Livermore
Livermore
ZHEN

Financial Architects, Inc

SEC CIK
0001416692
Latest filing
Aug 10, 2023

The latest 13F from Financial Architects, Inc covers Q2 2023 (filed Aug 10, 2023): 316 long positions worth $662.5M. The top 10 holdings make up 30.6% of the portfolio, and the largest is Apple Inc. (AAPL) at 5.2%. Livermore has 10 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2023

Share counts compared with Q1 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
21
Est. +$7.90M
Added
114
Est. +$29.7M
Reduced
129
Est. −$20.2M
Sold out
16
Est. −$10.5M

Top 5 holdings

Share of this quarter's portfolio value

  1. AAPLApple Inc.
    5.2%$34.8MHistory
  2. Schwab U.S. Broad Market ETF808524102
    4.0%$26.6M
  3. Schwab US Dividend Equity ETF808524797
    3.7%$24.5M
  4. MSFTMicrosoft Corp
    3.3%$21.8MHistory
  5. J P Morgan Exchange Traded F46641Q332
    3.0%$19.6M

Biggest buys

New and added positions, by estimated amount bought

  1. MSFTMicrosoft Corp
    +$8.57MAddedHistory
  2. JPMorgan Nasdaq Equity Premium Income ETF46654Q203
    +$4.53MAdded
  3. Legg Mason ETF Invt52468L505
    +$2.98MAdded
  4. Pacer FDS Tr69374H568
    +$2.37MNew
  5. AAPLApple Inc.
    +$1.94MAddedHistory

Largest weight increases

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

  1. MSFTMicrosoft Corp
    +1.49 pp1.8% → 3.3%History
  2. AAPLApple Inc.
    +0.77 pp4.5% → 5.2%History
  3. JPMorgan Nasdaq Equity Premium Income ETF46654Q203
    +0.69 pp0.5% → 1.2%
  4. Legg Mason ETF Invt52468L505
    +0.40 pp1.0% → 1.4%
  5. Pacer FDS Tr69374H568
    +0.36 pp0.0% → 0.4%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. UUPInvesco DB US Dollar Index Bullish Fund
    −$3.52MSold outHistory
  2. Vanguard Malvern FDS922020805
    −$3.10MReduced
  3. Agf Invts Tr00110G408
    −$2.50MSold out
  4. Tidal ETF Tr886364850
    −$2.46MReduced
  5. Pacer FDS Tr69374H717
    −$2.04MReduced

Largest weight decreases

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

  1. Vanguard Malvern FDS922020805
    −0.60 pp1.9% → 1.3%
  2. UUPInvesco DB US Dollar Index Bullish Fund
    −0.56 pp0.6% → 0.0%History
  3. Tidal ETF Tr886364850
    −0.44 pp0.7% → 0.3%
  4. Agf Invts Tr00110G408
    −0.40 pp0.4% → 0.0%
  5. Pacer FDS Tr69374H717
    −0.34 pp0.5% → 0.1%

Metrics

13F metrics for Q2 2023, computed only from the numbers in the filings. Definitions below.

Portfolio value
$662.5M
+$39.6M (+6.4%) vs. prior quarter
Positions
316
+5 vs. prior quarter
Top 10 concentration
30.6%
Top 10 as share of value
Turnover
4.8%
Q2 2023, one quarter
Average holding period
4.7 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

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

Peak $739.7M (Q4 2021)

Q1 2021: $637.7MQ2 2021: $693.7MQ3 2021: $688.5MQ4 2021: $739.7MQ1 2022: $697.9MQ2 2022: $78.6MQ3 2022: $572.7MQ4 2022: $602.5MQ1 2023: $622.9MQ2 2023: $662.5M
Q1 2021Q2 2023
13F filings of Financial Architects, Inc by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2023Aug 10, 2023316$662.5MAAPLSchwab U.S. Broad Market ETFSchwab US Dividend Equity ETFvs. Q1 2023SEC
Q1 2023May 12, 2023311$622.9MAAPLSchwab U.S. Broad Market ETFSchwab US Dividend Equity ETFvs. Q4 2022SEC
Q4 2022Feb 7, 2023322$602.5MSchwab US Dividend Equity ETFSchwab U.S. Broad Market ETFAAPLvs. Q3 2022SEC
Q3 2022Nov 14, 2022309$572.7MAAPLSchwab U.S. Broad Market ETFVanguard Malvern FDSvs. Q2 2022SEC
Q2 2022Aug 11, 202257$78.6MAAPLBCEABBVvs. Q1 2022SEC
Q1 2022May 5, 2022328$697.9MSchwab U.S. Broad Market ETFAAPLTSLAvs. Q4 2021SEC
Q4 2021Feb 14, 2022334$739.7MSchwab U.S. Broad Market ETFAAPLTSLAvs. Q3 2021SEC
Q3 2021Nov 12, 2021323$688.5MSchwab U.S. Broad Market ETFAAPLiShares MSCI USA Min Vol Factor ETFvs. Q2 2021SEC
Q2 2021Aug 10, 2021334$693.7MSchwab U.S. Broad Market ETFAAPLiShares MSCI USA Min Vol Factor ETFvs. Q1 2021SEC
Q1 2021May 17, 2021326$637.7MSchwab U.S. Broad Market ETFAAPLiShares MSCI USA Min Vol Factor ETF–SEC