Skip to main content
Livermore
Livermore
ZHEN

Daniels&Tansey,LLP

SEC CIK
0001478179
Latest filing
Nov 3, 2023

The latest 13F from Daniels&Tansey,LLP covers Q3 2023 (filed Nov 3, 2023): 27 long positions worth $166.9M. The top 10 holdings make up 96.6% of the portfolio, and the largest is Cisco Systems, Inc. (CSCO) at 25.4%. 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
3
Est. +$34.0M
Added
10
Est. +$98.1M
Reduced
14
Est. −$65.1M
Sold out
3
Est. −$897.7K

Top 5 holdings

Share of this quarter's portfolio value

  1. CSCOCisco Systems, Inc.
    25.4%$42.4MHistory
  2. NVDANVIDIA Corp
    16.3%$27.2MHistory
  3. AAPLApple Inc.
    13.6%$22.7MHistory
  4. MSFTMicrosoft Corp
    10.8%$18.0MHistory
  5. Vanguard Total Bond Market ETF921937835
    10.5%$17.5M

Biggest buys

New and added positions, by estimated amount bought

  1. CSCOCisco Systems, Inc.
    +$42.2MAddedHistory
  2. NVDANVIDIA Corp
    +$27.2MAddedHistory
  3. AAPLApple Inc.
    +$22.7MNewHistory
  4. MSFTMicrosoft Corp
    +$17.9MAddedHistory
  5. LLYEli Lilly & Co
    +$9.67MNewHistory

Largest weight increases

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

  1. CSCOCisco Systems, Inc.
    +25.42 pp<0.1% → 25.4%History
  2. NVDANVIDIA Corp
    +16.25 pp0.1% → 16.3%History
  3. AAPLApple Inc.
    +13.59 pp0.0% → 13.6%History
  4. MSFTMicrosoft Corp
    +10.62 pp0.2% → 10.8%History
  5. LLYEli Lilly & Co
    +5.79 pp0.0% → 5.8%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Core S&P Mid-Cap ETF464287507
    −$19.4MReduced
  2. SPYSPDR S&P 500 ETF Trust
    −$17.8MReducedHistory
  3. Vanguard Total Bond Market ETF921937835
    −$9.98MReduced
  4. Vanguard S&P 500 ETF922908363
    −$7.30MReduced
  5. iShares Core S&P Small Cap ETF464287804
    −$5.74MReduced

Largest weight decreases

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

  1. Vanguard S&P 500 ETF922908363
    −22.64 pp23.5% → 0.9%
  2. SPYSPDR S&P 500 ETF Trust
    −12.34 pp12.5% → 0.1%History
  3. iShares Core MSCI Eafe ETF46432F842
    −9.48 pp9.5% → 0.0%
  4. iShares Core S&P Mid-Cap ETF464287507
    −7.84 pp8.0% → 0.1%
  5. iShares Core MSCI Emerging Markets ETF46434G103
    −6.00 pp6.0% → 0.0%

Metrics

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

Portfolio value
$166.9M
−$134.4M (−44.6%) vs. prior quarter
Positions
27
0 vs. prior quarter
Top 10 concentration
96.6%
Top 10 as share of value
Turnover
28.2%
Q3 2023, one quarter
Average holding period
7.2 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 $323.6M (Q4 2021)

Q1 2021: $253.1MQ2 2021: $287.4MQ3 2021: $288.5MQ4 2021: $323.6MQ1 2022: $295.8MQ2 2022: $257.2MQ3 2022: $240.8MQ4 2022: $261.1MQ1 2023: $291.4MQ2 2023: $301.4MQ3 2023: $166.9M
Q1 2021Q3 2023
13F filings of Daniels&Tansey,LLP by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2023Nov 3, 202327$166.9MCSCONVDAAAPLvs. Q2 2023SEC
Q2 2023Jul 31, 202327$301.4MVanguard S&P 500 ETFVanguard Total Bond Market ETFSPYvs. Q1 2023SEC
Q1 2023May 10, 202326$291.4MVanguard S&P 500 ETFVanguard Total Bond Market ETFSPYvs. Q4 2022SEC
Q4 2022Feb 2, 202324$261.1MVanguard S&P 500 ETFSPYVanguard Total Bond Market ETFvs. Q3 2022SEC
Q3 2022Nov 1, 202228$240.8MVanguard S&P 500 ETFSPYVanguard Total Bond Market ETFvs. Q2 2022SEC
Q2 2022Jul 29, 202229$257.2MVanguard S&P 500 ETFSPYVanguard Total Bond Market ETFvs. Q1 2022SEC
Q1 2022May 5, 202232$295.8MVanguard S&P 500 ETFSPYVanguard Total Bond Market ETFvs. Q4 2021SEC
Q4 2021Feb 7, 202236$323.6MVanguard S&P 500 ETFSPYVanguard Total Bond Market ETFvs. Q3 2021SEC
Q3 2021Nov 5, 202134$288.5MVanguard S&P 500 ETFSPYVanguard Total Bond Market ETFvs. Q2 2021SEC
Q2 2021Aug 4, 202134$287.4MVanguard S&P 500 ETFSPYVanguard Total Bond Market ETFvs. Q1 2021SEC
Q1 2021May 6, 202129$253.1MVanguard S&P 500 ETFSPYVanguard Total Bond Market ETF–SEC