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Livermore
Livermore
ZHEN

Benjamin F. Edwards & Company, Inc.

SEC CIK
0001445065
Latest filing
Aug 12, 2024

The latest 13F from Benjamin F. Edwards & Company, Inc. covers Q2 2024 (filed Aug 12, 2024): 2,153 long positions worth $5.69B. The top 10 holdings make up 15.1% of the portfolio, and the largest is Apple Inc. (AAPL) at 2.6%. Livermore has 14 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2024

Share counts compared with Q1 2024: 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
127
Est. +$7.14M
Added
992
Est. +$459.9M
Reduced
586
Est. −$253.1M
Sold out
123
Est. −$9.61M

Top 5 holdings

Share of this quarter's portfolio value

  1. AAPLApple Inc.
    2.6%$147.9MHistory
  2. MSFTMicrosoft Corp
    2.0%$113.1MHistory
  3. Invesco Exchange Traded FD T46137V472
    1.7%$95.0M
  4. iShares Tr46435U473
    1.6%$92.6M
  5. iShares Core S&P U.S. Growth ETF464287671
    1.3%$73.9M

Share of portfolio

Top 5 holdings and the other 2,148 positions, by share of portfolio value

  1. AAPL2.6%
  2. MSFT2.0%
  3. Invesco Exchange Traded FD T1.7%
  4. iShares Tr1.6%
  5. iShares Core S&P U.S. Growth ETF1.3%
  6. Other 2,148 positions90.8%

Biggest buys

New and added positions, by estimated amount bought

  1. State Street SPDR Portfolio Developed World Ex-US ETF78463X889
    +$45.3MAdded
  2. MSIMotorola Solutions, Inc.
    +$26.3MAddedHistory
  3. WMTWalmart Inc.
    +$24.8MAddedHistory
  4. iShares Tr464288646
    +$23.8MAdded
  5. SPDR Series Trust78464A383
    +$20.7MAdded

Largest weight increases

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

  1. State Street SPDR Portfolio Developed World Ex-US ETF78463X889
    +0.79 pp0.2% → 1.0%
  2. AAPLApple Inc.
    +0.46 pp2.1% → 2.6%History
  3. MSIMotorola Solutions, Inc.
    +0.46 pp<0.1% → 0.5%History
  4. WMTWalmart Inc.
    +0.46 pp0.3% → 0.7%History
  5. iShares Tr464288646
    +0.41 pp0.2% → 0.6%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SPDR Series Trust78464A821
    −$38.3MReduced
  2. CARRCarrier Global Corp
    −$29.6MReducedHistory
  3. iShares Tr464287457
    −$18.9MReduced
  4. APDAir Products & Chemicals, Inc.
    −$18.3MReducedHistory
  5. State Street SPDR S&P 400 Mid Cap Value ETF78464A839
    −$15.8MReduced

Largest weight decreases

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

  1. SPDR Series Trust78464A821
    −0.77 pp1.4% → 0.6%
  2. CARRCarrier Global Corp
    −0.49 pp0.6% → 0.1%History
  3. Invesco Exchange Traded FD T46137V472
    −0.38 pp2.0% → 1.7%
  4. iShares Tr464287457
    −0.37 pp1.0% → 0.6%
  5. State Street SPDR S&P 400 Mid Cap Value ETF78464A839
    −0.34 pp0.9% → 0.6%

Metrics

13F metrics for Q2 2024, computed only from the numbers in the filings. Definitions below.

Portfolio value
$5.69B
+$183.3M (+3.3%) vs. prior quarter
Positions
2,153
+4 vs. prior quarter
Top 10 concentration
15.1%
Top 10 as share of value
Turnover
4.7%
Q2 2024, one quarter
Average holding period
13.1 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

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

Peak $5.69B (Q2 2024)

Q1 2021: $1.86BQ2 2021: $1.96BQ3 2021: $1.99BQ4 2021: $2.25BQ1 2022: $2.24BQ2 2022: $2.07BQ3 2022: $1.99BQ4 2022: $2.23BQ1 2023: $2.39BQ2 2023: $2.63BQ3 2023: $2.60BQ4 2023: $4.98BQ1 2024: $5.51BQ2 2024: $5.69B
Q1 2021Q2 2024
13F filings of Benjamin F. Edwards & Company, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2024Aug 12, 20242,153$5.69BAAPLMSFTInvesco Exchange Traded FD Tvs. Q1 2024SEC
Q1 2024Apr 29, 20242,149$5.51BAAPLInvesco Exchange Traded FD TMSFTvs. Q4 2023SEC
Q4 2023Feb 6, 20242,111$4.98BAAPLMSFTInvesco Exchange Traded FD Tvs. Q3 2023SEC
Q3 2023Nov 13, 20231,776$2.60BState Street SPDR Portfolio Developed World Ex-US ETFState Street SPDR S&P 400 Mid Cap Value ETFSchwab International Equity ETFvs. Q2 2023SEC
Q2 2023Aug 15, 20231,786$2.63BState Street SPDR Portfolio Developed World Ex-US ETFState Street SPDR S&P 400 Mid Cap Value ETFSchwab International Equity ETFvs. Q1 2023SEC
Q1 2023Apr 27, 20231,801$2.39BState Street SPDR Portfolio Developed World Ex-US ETFState Street SPDR S&P 400 Mid Cap Value ETFSchwab International Equity ETFvs. Q4 2022SEC
Q4 2022Feb 7, 20231,877$2.23BiShares TriShares TrState Street SPDR S&P 400 Mid Cap Value ETFvs. Q3 2022SEC
Q3 2022Oct 28, 20221,839$1.99BAAPLiShares TriShares Trvs. Q2 2022SEC
Q2 2022Aug 12, 20221,829$2.07BState Street SPDR Portfolio Developed World Ex-US ETFAAPLState Street SPDR S&P 600 Small Cap Value ETFvs. Q1 2022SEC
Q1 2022May 4, 20221,773$2.24BState Street SPDR Portfolio Developed World Ex-US ETFAAPLState Street SPDR S&P 600 Small Cap Value ETFvs. Q4 2021SEC
Q4 2021Feb 7, 20221,712$2.25BState Street SPDR Portfolio Developed World Ex-US ETFState Street SPDR Portfolio S&P 500 Value ETFAAPLvs. Q3 2021SEC
Q3 2021Nov 2, 20211,711$1.99BState Street SPDR Portfolio Developed World Ex-US ETFState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR S&P 600 Small Cap Value ETFvs. Q2 2021SEC
Q2 2021Aug 11, 20211,686$1.96BState Street SPDR Portfolio Developed World Ex-US ETFState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR S&P 600 Small Cap Value ETFvs. Q1 2021SEC
Q1 2021May 14, 20211,678$1.86BState Street SPDR Portfolio Developed World Ex-US ETFState Street SPDR Portfolio S&P 500 Value ETFState Street SPDR S&P 600 Small Cap Value ETF–SEC