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Gallagher Benefit Services, Inc.

SEC CIK
0001527782
Latest filing
Feb 27, 2023

The latest 13F from Gallagher Benefit Services, Inc. covers Q4 2022 (filed Feb 27, 2023): 186 long positions worth $476.0M. The top 10 holdings make up 50.7% of the portfolio, and the largest is iShares Core U.S. Aggregate Bond ETF at 6.5%. Livermore has 1 filing on Form 13F from this institution, going back to Q4 2022.

What changed in Q4 2022

The five largest holdings this quarter.

Gallagher Benefit Services, Inc. did not file a 13F for Q3 2022, so this quarter cannot be compared with the previous one.

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core U.S. Aggregate Bond ETF464287226
    6.5%$30.7M
  2. Vanguard Morningstar Small-Cap Value ETF922908611
    6.4%$30.6M
  3. iShares Core S&P US Value ETF464287663
    6.3%$29.8M
  4. Vanguard Admiral FDS Inc921932778
    5.8%$27.6M
  5. iShares Tr46434V407
    5.5%$26.4M

Metrics

13F metrics for Q4 2022, computed only from the numbers in the filings. Definitions below.

Portfolio value
$476.0M
No prior quarter to compare
Positions
186
No prior quarter to compare
Top 10 concentration
50.7%
Top 10 as share of value
Turnover
–
No prior quarter to compare
Average holding period
1.0 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 (Q4 2022), so positions held before then are understated.

13F filings by quarter

Only Q4 2022 so far.

13F filings of Gallagher Benefit Services, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q4 2022Feb 27, 2023186$476.0MiShares Core U.S. Aggregate Bond ETFVanguard Morningstar Small-Cap Value ETFiShares Core S&P US Value ETF–SEC