Skip to main content
Livermore
Livermore
ZHEN

NorthCoast Asset Management LLC

SEC CIK
0001456227
Latest filing
Nov 15, 2021

The latest 13F from NorthCoast Asset Management LLC covers Q3 2021 (filed Nov 15, 2021): 426 long positions worth $2.74B. The top 10 holdings make up 27.8% of the portfolio, and the largest is iShares Core S&P 500 ETF at 5.9%. Livermore has 3 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q3 2021

Share counts compared with Q2 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.

Full comparison
New
48
Est. +$124.6M
Added
158
Est. +$162.9M
Reduced
148
Est. −$225.2M
Sold out
41
Est. −$89.4M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    5.9%$161.0M
  2. AAPLApple Inc.
    4.5%$122.2MHistory
  3. iShares Tr464288588
    2.7%$75.2M
  4. iShares Core S&P Mid-Cap ETF464287507
    2.7%$74.5M
  5. UNHUnitedHealth Group Inc
    2.6%$71.7MHistory

Share of portfolio

Top 5 holdings and the other 421 positions, by share of portfolio value

  1. iShares Core S&P 500 ETF5.9%
  2. AAPL4.5%
  3. iShares Tr2.7%
  4. iShares Core S&P Mid-Cap ETF2.7%
  5. UNH2.6%
  6. Other 421 positions81.6%

Biggest buys

New and added positions, by estimated amount bought

  1. ABBVAbbVie Inc.
    +$25.3MAddedHistory
  2. DELLDell Technologies Inc.
    +$20.5MNewHistory
  3. EOGEOG Resources Inc
    +$18.4MNewHistory
  4. SYKStryker Corp
    +$18.3MNewHistory
  5. MTArcelorMittal
    +$13.0MNewHistory

Largest weight increases

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

  1. ABBVAbbVie Inc.
    +0.92 pp<0.1% → 1.0%History
  2. DELLDell Technologies Inc.
    +0.75 pp0.0% → 0.7%History
  3. EOGEOG Resources Inc
    +0.67 pp0.0% → 0.7%History
  4. SYKStryker Corp
    +0.67 pp0.0% → 0.7%History
  5. AAPLApple Inc.
    +0.52 pp3.9% → 4.5%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. GEGeneral Electric Co
    −$25.1MSold outConverted for a 1-for-8 splitHistory
  2. FDXFedEx Corp
    −$23.8MReducedHistory
  3. CPAYCorpay, Inc.
    −$20.6MReducedHistory
  4. FCXFreeport-McMoran Inc
    −$13.9MSold outHistory
  5. AXONAxon Enterprise, Inc.
    −$13.0MReducedHistory

Largest weight decreases

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

  1. FDXFedEx Corp
    −1.18 pp1.3% → 0.1%History
  2. GEGeneral Electric Co
    −0.90 pp0.9% → 0.0%History
  3. BABAAlibaba Group Holding Ltd
    −0.73 pp0.9% → 0.1%History
  4. CPAYCorpay, Inc.
    −0.72 pp0.8% → 0.1%History
  5. FCXFreeport-McMoran Inc
    −0.50 pp0.5% → 0.0%History

Metrics

13F metrics for Q3 2021, computed only from the numbers in the filings. Definitions below.

Portfolio value
$2.74B
−$56.0M (−2.0%) vs. prior quarter
Positions
426
+7 vs. prior quarter
Top 10 concentration
27.8%
Top 10 as share of value
Turnover
10.4%
Q3 2021, one quarter
Average holding period
2.9 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

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

Peak $2.80B (Q2 2021)

Q1 2021: $2.46BQ2 2021: $2.80BQ3 2021: $2.74B
Q1 2021Q3 2021
13F filings of NorthCoast Asset Management LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2021Nov 15, 2021426$2.74BiShares Core S&P 500 ETFAAPLiShares Trvs. Q2 2021SEC
Q2 2021Aug 11, 2021419$2.80BiShares Core S&P 500 ETFAAPLiShares Core S&P Mid-Cap ETFvs. Q1 2021SEC
Q1 2021May 18, 2021398$2.46BiShares Core S&P 500 ETFAAPLiShares Tr–SEC