McCutchen Group LLC
- SEC CIK
- 0001544224
- Latest filing
- Nov 2, 2022
The latest 13F from McCutchen Group LLC covers Q3 2022 (filed Nov 2, 2022): 22 long positions worth $464.3M. The top 10 holdings make up 88.4% of the portfolio, and the largest is Vanguard Morningstar Total Stock Market ETF at 18.0%. Livermore has 11 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
- 0
- Added
- 11
- Est. +$19.1M
- Reduced
- 4
- Est. −$1.65M
- Sold out
- 1
- Est. −$207.0K
Top 5 holdings
Share of this quarter's portfolio value
- Vanguard Morningstar Total Stock Market ETF92290876918.0%$83.5M
- Vanguard Ftse Developed Markets ETF92194385812.8%$59.6M
- Vanguard Ftse All-World Ex-US Index Fund92204277512.6%$58.6M
- Vanguard Real Estate ETF92290855312.2%$56.8M
- iShares Tr4642885217.6%$35.4M
Biggest buys
New and added positions, by estimated amount bought
- Vanguard Real Estate ETF922908553+$5.76MAdded
- Vanguard Ftse Emerging Markets ETF922042858+$5.02MAdded
- Vanguard Ftse All-World Ex-US Index Fund922042775+$4.99MAdded
- iShares Tr464287689+$2.75MAdded
- Vanguard Morningstar Total Stock Market ETF922908769+$212.9KAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Vanguard Ftse Emerging Markets ETF922042858+0.74 pp5.0% → 5.7%
- iShares Tr464287689+0.67 pp6.5% → 7.1%
- Vanguard Real Estate ETF922908553+0.47 pp11.8% → 12.2%
- Vanguard Ftse All-World Ex-US Index Fund922042775+0.38 pp12.2% → 12.6%
- Vanguard Morningstar Total Stock Market ETF922908769+0.24 pp17.8% → 18.0%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- iShares Tr464288521−$1.18MReduced
- iShares Core MSCI Eafe ETF46432F842−$248.9KReduced
- Schwab U.S. Large-Cap ETF808524201−$207.0KSold out
- iShares Core MSCI Emerging Markets ETF46434G103−$122.1KReduced
- GLDSPDR Gold Trust
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- iShares Tr464288521−0.71 pp8.3% → 7.6%
- iShares Core MSCI Emerging Markets ETF46434G103−0.36 pp4.9% → 4.5%
- iShares Core MSCI Eafe ETF46432F842−0.21 pp3.2% → 3.0%
- Schwab U.S. Large-Cap ETF808524201−0.04 pp<0.1% → 0.0%
- GLDSPDR Gold Trust
Metrics
13F metrics for Q3 2022, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $464.3M
- −$29.0M (−5.9%) vs. prior quarter
- Positions
- 22
- −1 vs. prior quarter
- Top 10 concentration
- 88.4%
- Top 10 as share of value
- Turnover
- 0.4%
- Q3 2022, one quarter
- Average holding period
- 7.0 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
7 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $586.0M (Q4 2021)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q3 2022 | Nov 2, 2022 | 22 | $464.3M | Vanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETFVanguard Ftse All-World Ex-US Index Fund | vs. Q2 2022 | SEC |
| Q2 2022 | Aug 4, 2022 | 23 | $493.2M | Vanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETFVanguard Ftse All-World Ex-US Index Fund | vs. Q1 2022 | SEC |
| Q1 2022 | May 9, 2022 | 25 | $574.6M | Vanguard Morningstar Total Stock Market ETFVanguard Real Estate ETFVanguard Ftse Developed Markets ETF | vs. Q4 2021 | SEC |
| Q4 2021 | May 26, 2022Amended | 24 | $586.0M | Vanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETFVanguard Real Estate ETF | vs. Q3 2021 | SEC |
| Q3 2021 | May 26, 2022Amended | 24 | $548.2M | Vanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETFVanguard Ftse All-World Ex-US Index Fund | vs. Q2 2021 | SEC |
| Q2 2021 | May 26, 2022Amended | 24 | $545.5M | Vanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETFVanguard Ftse All-World Ex-US Index Fund | vs. Q1 2021 | SEC |
| Q1 2021 | May 26, 2022Amended | 24 | $498.0M | Vanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETFVanguard Ftse All-World Ex-US Index Fund | – | SEC |