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Livermore
Livermore
ZHEN

Appleton Group, LLC

SEC CIK
0001454759
Latest filing
Nov 8, 2023

The latest 13F from Appleton Group, LLC covers Q3 2023 (filed Nov 8, 2023): 27 long positions worth $28.6M. The top 10 holdings make up 82.1% of the portfolio, and the largest is Schwab US Dividend Equity ETF at 54.4%. Livermore has 11 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q3 2023

Share counts compared with Q2 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
9
Est. +$2.78M
Added
5
Est. +$14.9M
Reduced
8
Est. −$38.1M
Sold out
19
Est. −$20.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab US Dividend Equity ETF808524797
    54.4%$15.6M
  2. Schwab US Aggregate Bond ETF808524839
    6.8%$1.93M
  3. iShares Core S&P Mid-Cap ETF464287507
    3.7%$1.06M
  4. iShares Russell 1000 Value ETF464287598
    3.4%$972.7K
  5. SPYSPDR S&P 500 ETF Trust
    3.4%$967.0KHistory

Biggest buys

New and added positions, by estimated amount bought

  1. Schwab US Dividend Equity ETF808524797
    +$14.7MAdded
  2. ProShares Ultrashort S&P 50074347G416
    +$474.0KNew
  3. ProShares Tr74347G689
    +$388.9KNew
  4. SPLKSplunk Inc
    +$331.0KNewHistory
  5. OLEDUniversal Display Corp
    +$285.1KNewHistory

Largest weight increases

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

  1. Schwab US Dividend Equity ETF808524797
    +53.19 pp1.2% → 54.4%
  2. iShares Russell 1000 Value ETF464287598
    +2.04 pp1.4% → 3.4%
  3. SPYSPDR S&P 500 ETF Trust
    +2.03 pp1.3% → 3.4%History
  4. ProShares Ultrashort S&P 50074347G416
    +1.66 pp0.0% → 1.7%
  5. iShares Tr464287630
    +1.38 pp0.9% → 2.3%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Schwab U.S. Large-Cap Growth ETF808524300
    −$19.1MReduced
  2. Schwab U.S. Large-Cap ETF808524201
    −$15.7MSold out
  3. Schwab U.S. Small-Cap ETF808524607
    −$10.1MReduced
  4. iShares Core S&P Mid-Cap ETF464287507
    −$8.30MReduced
  5. AAPLApple Inc.
    −$473.0KSold outHistory

Largest weight decreases

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

  1. Schwab U.S. Large-Cap Growth ETF808524300
    −25.70 pp28.6% → 2.9%
  2. Schwab U.S. Large-Cap ETF808524201
    −21.92 pp21.9% → 0.0%
  3. Schwab U.S. Small-Cap ETF808524607
    −13.66 pp15.7% → 2.1%
  4. iShares Core S&P Mid-Cap ETF464287507
    −10.01 pp13.7% → 3.7%
  5. AAPLApple Inc.
    −0.66 pp0.7% → 0.0%History

Metrics

13F metrics for Q3 2023, computed only from the numbers in the filings. Definitions below.

Portfolio value
$28.6M
−$43.0M (−60.0%) vs. prior quarter
Positions
27
−10 vs. prior quarter
Top 10 concentration
82.1%
Top 10 as share of value
Turnover
35.2%
Q3 2023, one quarter
Average holding period
5.2 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

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

Peak $130.3M (Q2 2021)

Q1 2021: $76.5MQ2 2021: $130.3MQ3 2021: $116.2MQ4 2021: $99.7MQ1 2022: $71.8MQ2 2022: $17.2MQ3 2022: $35.0MQ4 2022: $68.2MQ1 2023: $51.3MQ2 2023: $71.6MQ3 2023: $28.6M
Q1 2021Q3 2023
13F filings of Appleton Group, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2023Nov 8, 202327$28.6MSchwab US Dividend Equity ETFSchwab US Aggregate Bond ETFiShares Core S&P Mid-Cap ETFvs. Q2 2023SEC
Q2 2023Aug 3, 202337$71.6MSchwab U.S. Large-Cap Growth ETFSchwab U.S. Large-Cap ETFSchwab U.S. Small-Cap ETFvs. Q1 2023SEC
Q1 2023May 9, 202332$51.3MSchwab U.S. Large-Cap Growth ETFSchwab U.S. Large-Cap ETFSchwab US Aggregate Bond ETFvs. Q4 2022SEC
Q4 2022Feb 2, 202342$68.2MSchwab US Dividend Equity ETFSchwab U.S. Large-Cap ETFSchwab International Equity ETFvs. Q3 2022SEC
Q3 2022Nov 8, 202222$35.0MSchwab U.S. Mid-Cap ETFSchwab U.S. Large-Cap Value ETFSchwab U.S. Large-Cap ETFvs. Q2 2022SEC
Q2 2022Jul 27, 202226$17.2MSchwab US Aggregate Bond ETFVanguard Scottsdale FDSiShares Iboxx $ Investment Grade Corporate Bond ETFvs. Q1 2022SEC
Q1 2022May 3, 202243$71.8MSchwab U.S. Large-Cap Growth ETFSchwab U.S. Mid-Cap ETFSchwab U.S. Large-Cap Value ETFvs. Q4 2021SEC
Q4 2021Feb 9, 202251$99.7MSchwab U.S. Large-Cap Growth ETFSchwab U.S. Large-Cap Value ETFSchwab U.S. Large-Cap ETFvs. Q3 2021SEC
Q3 2021Nov 15, 202142$116.2MSchwab U.S. Large-Cap Growth ETFSchwab U.S. Large-Cap ETFSchwab U.S. Large-Cap Value ETFvs. Q2 2021SEC
Q2 2021Aug 5, 202151$130.3MSchwab U.S. Large-Cap Growth ETFSchwab U.S. Large-Cap Value ETFSchwab U.S. Large-Cap ETFvs. Q1 2021SEC
Q1 2021May 7, 202143$76.5MSchwab U.S. Large-Cap Value ETFSchwab U.S. Large-Cap ETFSchwab U.S. Small-Cap ETF–SEC