FundX Investment Group, LLC
- SEC CIK
- 0001427261
- Latest filing
- Jan 26, 2022
The latest 13F from FundX Investment Group, LLC covers Q4 2021 (filed Jan 26, 2022): 45 long positions worth $411.0M. The top 10 holdings make up 79.2% of the portfolio, and the largest is iShares Tr at 12.7%. Livermore has 4 filings on Form 13F from this institution, going back to Q1 2021.
What changed in Q4 2021
Share counts compared with Q3 2021: 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.
- New
- 15
- Est. +$155.8M
- Added
- 11
- Est. +$50.1M
- Reduced
- 15
- Est. −$15.9M
- Sold out
- 3
- Est. −$6.00M
Top 5 holdings
Share of this quarter's portfolio value
- iShares Tr46428857012.7%$52.0M
- Invesco Exchange Traded FD T46137V25811.1%$45.5M
- iShares S&P Mid-Cap 400 Value ETF46428770511.0%$45.1M
- iShares MSCI USA Quality Factor ETF46432F33910.9%$44.6M
- iShares S&P 100 ETF4642871019.0%$36.9M
Share of portfolio
Top 5 holdings and the other 40 positions, by share of portfolio value
- iShares Tr12.7%
- Invesco Exchange Traded FD T11.1%
- iShares S&P Mid-Cap 400 Value ETF11.0%
- iShares MSCI USA Quality Factor ETF10.9%
- iShares S&P 100 ETF9.0%
- Other 40 positions45.4%
Biggest buys
New and added positions, by estimated amount bought
- iShares Tr464288570+$52.0MNew
- iShares MSCI USA Quality Factor ETF46432F339+$44.6MNew
- iShares S&P 100 ETF464287101+$36.9MNew
- Invesco Exchange Traded FD T46137V266+$33.5MAdded
- Invesco QQQ Trust Series I46090E103+$6.14MAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- iShares Tr464288570+12.66 pp0.0% → 12.7%
- iShares MSCI USA Quality Factor ETF46432F339+10.86 pp0.0% → 10.9%
- iShares S&P 100 ETF464287101+8.98 pp0.0% → 9.0%
- Invesco Exchange Traded FD T46137V266+7.58 pp1.3% → 8.9%
- Invesco S&P 500 Quality ETF46137V241+1.26 pp0.0% → 1.3%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- State Street SPDR S&P Homebuilders ETF78464A888−$4.48MSold out
- iShares Tr464287630−$3.68MReduced
- Invesco Exchange Traded FD T46137V142−$3.10MReduced
- Invesco Exchange Traded FD T46137V258−$3.05MReduced
- SPDR Series Trust78464A714−$1.96MReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Invesco Exchange Traded FD T46137V258−10.45 pp21.5% → 11.1%
- iShares S&P Mid-Cap 400 Value ETF464287705−8.97 pp20.0% → 11.0%
- First Trust Rising Dividend Achievers ETF33738R506−4.82 pp10.4% → 5.6%
- SPDR Series Trust78468R622−3.39 pp6.9% → 3.5%
- State Street SPDR S&P Homebuilders ETF78464A888−2.12 pp2.1% → 0.0%
Metrics
13F metrics for Q4 2021, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $411.0M
- +$199.4M (+94.2%) vs. prior quarter
- Positions
- 45
- +12 vs. prior quarter
- Top 10 concentration
- 79.2%
- Top 10 as share of value
- Turnover
- 7.0%
- Q4 2021, one quarter
- Average holding period
- 2.5 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
4 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $411.0M (Q4 2021)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q4 2021 | Jan 26, 2022 | 45 | $411.0M | iShares TrInvesco Exchange Traded FD TiShares S&P Mid-Cap 400 Value ETF | vs. Q3 2021 | SEC |
| Q3 2021 | Nov 3, 2021 | 33 | $211.6M | Invesco Exchange Traded FD TiShares S&P Mid-Cap 400 Value ETFFirst Trust Rising Dividend Achievers ETF | vs. Q2 2021 | SEC |
| Q2 2021 | Jul 27, 2021 | 37 | $122.2M | First Trust Rising Dividend Achievers ETFVanguard World FDInvesco Exchange Traded FD T | vs. Q1 2021 | SEC |
| Q1 2021 | May 4, 2021 | 39 | $177.2M | State Street SPDR Bloomberg Convertible Securities ETFVanguard World FDSPDR Series Trust | – | SEC |