Homrich & Berg
- SEC CIK
- 0001504744
- Latest filing
- Dec 8, 2021
The latest 13F from Homrich & Berg covers Q3 2021 (filed Dec 8, 2021): 472 long positions worth $4.46B. The top 10 holdings make up 70.6% of the portfolio, and the largest is Vanguard Morningstar Total Stock Market ETF at 29.7%. 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.
- New
- 20
- Est. +$7.81M
- Added
- 195
- Est. +$224.3M
- Reduced
- 169
- Est. −$32.9M
- Sold out
- 35
- Est. −$9.19M
Top 5 holdings
Share of this quarter's portfolio value
- Vanguard Morningstar Total Stock Market ETF92290876929.7%$1.32B
- Vanguard Dividend Appreciation ETF92190884410.3%$459.0M
- Vanguard Star FDS9219097687.6%$339.4M
- JPMorgan Ultra-Short Income ETF46641Q8375.3%$237.7M
- iShares S&P 500 Growth ETF4642873094.3%$191.4M
Share of portfolio
Top 5 holdings and the other 467 positions, by share of portfolio value
- Vanguard Morningstar Total Stock Market ETF29.7%
- Vanguard Dividend Appreciation ETF10.3%
- Vanguard Star FDS7.6%
- JPMorgan Ultra-Short Income ETF5.3%
- iShares S&P 500 Growth ETF4.3%
- Other 467 positions42.8%
Biggest buys
New and added positions, by estimated amount bought
- Vanguard Morningstar Total Stock Market ETF922908769+$70.9MAdded
- Vanguard Star FDS921909768+$54.3MAdded
- State Street SPDR Portfolio S&P 500 Growth ETF78464A409+$15.5MAdded
- Vanguard Total Bond Market ETF921937835+$11.0MAdded
- Vanguard Dividend Appreciation ETF921908844+$10.7MAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Vanguard Star FDS921909768+0.71 pp6.9% → 7.6%
- Vanguard Morningstar Total Stock Market ETF922908769+0.38 pp29.3% → 29.7%
- State Street SPDR Portfolio S&P 500 Growth ETF78464A409+0.27 pp3.4% → 3.7%
- Vanguard Total Bond Market ETF921937835+0.24 pp<0.1% → 0.3%
- SPYSPDR S&P 500 ETF Trust
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Schwab Strategic Tr808524862−$6.96MReduced
- iShares Core S&P Small Cap ETF464287804−$3.39MReduced
- JPMorgan Ultra-Short Income ETF46641Q837−$2.77MReduced
- PIMCO Enhanced Short Maturity Active Exchange-Traded Fund72201R833−$2.09MReduced
- Vanguard Morningstar Small-Cap Value ETF922908611−$1.34MReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- JPMorgan Ultra-Short Income ETF46641Q837−0.28 pp5.6% → 5.3%
- PIMCO Enhanced Short Maturity Active Exchange-Traded Fund72201R833−0.17 pp3.3% → 3.1%
- Schwab Strategic Tr808524862−0.16 pp0.2% → <0.1%
- Schwab U.S. Broad Market ETF808524102−0.10 pp2.1% → 2.0%
- iShares Core S&P Small Cap ETF464287804−0.09 pp0.2% → 0.1%
Metrics
13F metrics for Q3 2021, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $4.46B
- +$169.3M (+3.9%) vs. prior quarter
- Positions
- 472
- −15 vs. prior quarter
- Top 10 concentration
- 70.6%
- Top 10 as share of value
- Turnover
- 1.0%
- Q3 2021, one quarter
- Average holding period
- 3.0 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 $4.46B (Q3 2021)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q3 2021 | Dec 8, 2021 | 472 | $4.46B | Vanguard Morningstar Total Stock Market ETFVanguard Dividend Appreciation ETFVanguard Star FDS | vs. Q2 2021 | SEC |
| Q2 2021 | Aug 9, 2021 | 487 | $4.30B | Vanguard Morningstar Total Stock Market ETFVanguard Dividend Appreciation ETFVanguard Star FDS | vs. Q1 2021 | SEC |
| Q1 2021 | May 17, 2021 | 415 | $3.87B | Vanguard Morningstar Total Stock Market ETFVanguard Dividend Appreciation ETFVanguard Star FDS | – | SEC |