AGF Investments LLC
- SEC CIK
- 0001479598
- Latest filing
- Nov 10, 2022
The latest 13F from AGF Investments LLC covers Q3 2022 (filed Nov 10, 2022): 287 long positions worth $1.09B. The top 10 holdings make up 64.9% of the portfolio, and the largest is State Street Technology Select Sector SPDR ETF at 12.9%. Livermore has 7 filings on Form 13F from this institution, going back to Q1 2021.
What changed in Q3 2022
Share counts compared with Q2 2022: 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
- 41
- Est. +$58.6M
- Added
- 183
- Est. +$167.2M
- Reduced
- 28
- Est. −$107.9M
- Sold out
- 140
- Est. −$48.2M
Top 5 holdings
Share of this quarter's portfolio value
- State Street Technology Select Sector SPDR ETF81369Y80312.9%$140.4M
- State Street Health Care Select Sector SPDR ETF81369Y20911.3%$122.7M
- State Street Financial Select Sector SPDR ETF81369Y6056.9%$75.7M
- State Street Energy Select Sector SPDR ETF81369Y5066.8%$74.0M
- State Street Communication Services Select Sector SPDR ETF81369Y8526.2%$67.9M
Share of portfolio
Top 5 holdings and the other 282 positions, by share of portfolio value
- State Street Technology Select Sector SPDR ETF12.9%
- State Street Health Care Select Sector SPDR ETF11.3%
- State Street Financial Select Sector SPDR ETF6.9%
- State Street Energy Select Sector SPDR ETF6.8%
- State Street Communication Services Select Sector SPDR ETF6.2%
- Other 282 positions55.9%
Biggest buys
New and added positions, by estimated amount bought
- State Street Health Care Select Sector SPDR ETF81369Y209+$42.3MAdded
- State Street Energy Select Sector SPDR ETF81369Y506+$14.4MAdded
- Pegasystems Inc705573AB9+$3.21MNew
- Oak STR Health Inc67181AAB3+$2.64MNew
- AZPNAspen Technology, Inc.
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- State Street Health Care Select Sector SPDR ETF81369Y209+3.27 pp8.0% → 11.3%
- State Street Energy Select Sector SPDR ETF81369Y506+1.24 pp5.5% → 6.8%
- Pegasystems Inc705573AB9+0.29 pp0.0% → 0.3%
- Oak STR Health Inc67181AAB3+0.24 pp0.0% → 0.2%
- AZPNAspen Technology, Inc.
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663−$52.2MReduced
- State Street Technology Select Sector SPDR ETF81369Y803−$51.9MReduced
- Intrexon Corp46122TAA0−$3.84MSold out
- iQIYI, Inc.46267XAD0−$3.38MSold out
- DGDollar General Corp
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- State Street Technology Select Sector SPDR ETF81369Y803−6.41 pp19.3% → 12.9%
- State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663−5.00 pp10.7% → 5.7%
- State Street Communication Services Select Sector SPDR ETF81369Y852−0.98 pp7.2% → 6.2%
- Intrexon Corp46122TAA0−0.36 pp0.4% → 0.0%
- iQIYI, Inc.46267XAD0−0.32 pp0.3% → 0.0%
Metrics
13F metrics for Q3 2022, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $1.09B
- +$23.3M (+2.2%) vs. prior quarter
- Positions
- 287
- −99 vs. prior quarter
- Top 10 concentration
- 64.9%
- Top 10 as share of value
- Turnover
- 14.5%
- Q3 2022, one quarter
- Average holding period
- 5.8 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
7 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $1.20B (Q1 2022)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q3 2022 | Nov 10, 2022 | 287 | $1.09B | State Street Technology Select Sector SPDR ETFState Street Health Care Select Sector SPDR ETFState Street Financial Select Sector SPDR ETF | vs. Q2 2022 | SEC |
| Q2 2022 | Aug 12, 2022 | 386 | $1.07B | State Street Technology Select Sector SPDR ETFState Street SPDR Bloomberg 1-3 Month T-Bill ETFState Street Health Care Select Sector SPDR ETF | vs. Q1 2022 | SEC |
| Q1 2022 | May 10, 2022 | 434 | $1.20B | State Street Technology Select Sector SPDR ETFState Street Health Care Select Sector SPDR ETFState Street Communication Services Select Sector SPDR ETF | vs. Q4 2021 | SEC |
| Q4 2021 | Feb 1, 2022 | 437 | $1.19B | State Street Technology Select Sector SPDR ETFState Street Health Care Select Sector SPDR ETFState Street Financial Select Sector SPDR ETF | vs. Q3 2021 | SEC |
| Q3 2021 | Nov 10, 2021 | 425 | $1.01B | State Street Technology Select Sector SPDR ETFState Street Communication Services Select Sector SPDR ETFState Street Financial Select Sector SPDR ETF | vs. Q2 2021 | SEC |
| Q2 2021 | Aug 12, 2021 | 431 | $967.7M | State Street Technology Select Sector SPDR ETFState Street Communication Services Select Sector SPDR ETFState Street Health Care Select Sector SPDR ETF | vs. Q1 2021 | SEC |
| Q1 2021 | May 14, 2021 | 423 | $836.0M | State Street Technology Select Sector SPDR ETFState Street Communication Services Select Sector SPDR ETFState Street Health Care Select Sector SPDR ETF | – | SEC |