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Livermore
Livermore
ZHEN

Column Capital Advisors, LLC

SEC CIK
0001552564
Latest filing
Nov 3, 2023

The latest 13F from Column Capital Advisors, LLC covers Q3 2023 (filed Nov 3, 2023): 803 long positions worth $680.0M. The top 10 holdings make up 60.2% of the portfolio, and the largest is Vanguard S&P 500 ETF at 9.0%. 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
20
Est. +$871.7K
Added
114
Est. +$22.8M
Reduced
207
Est. −$42.9M
Sold out
35
Est. −$470.5K

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard S&P 500 ETF922908363
    9.0%$61.1M
  2. Vanguard Star FDS921909768
    8.8%$59.8M
  3. iShares Tr464288372
    8.2%$55.9M
  4. iShares Tr464287622
    6.7%$45.7M
  5. iShares Tr464288414
    6.4%$43.6M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr464288372
    +$7.22MAdded
  2. PIMCO Enhanced Short Maturity Active Exchange-Traded Fund72201R833
    +$2.46MAdded
  3. Vanguard Star FDS921909768
    +$2.27MAdded
  4. State Street Technology Select Sector SPDR ETF81369Y803
    +$1.31MAdded
  5. iShares Tr46435G250
    +$1.25MAdded

Largest weight increases

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

  1. Vanguard Star FDS921909768
    +0.48 pp8.3% → 8.8%
  2. PIMCO Enhanced Short Maturity Active Exchange-Traded Fund72201R833
    +0.36 pp<0.1% → 0.4%
  3. iShares Tr46435G250
    +0.32 pp3.5% → 3.8%
  4. State Street Technology Select Sector SPDR ETF81369Y803
    +0.18 pp0.6% → 0.8%
  5. Schwab U.S. Broad Market ETF808524102
    +0.12 pp2.1% → 2.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard S&P 500 ETF922908363
    −$21.0MReduced
  2. iShares Tr464288158
    −$13.9MReduced
  3. Vanguard Ftse All-World Ex-US Index Fund922042775
    −$1.17MReduced
  4. iShares Tr464287622
    −$980.0KReduced
  5. Vanguard Ftse Developed Markets ETF921943858
    −$935.8KReduced

Largest weight decreases

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

  1. iShares Tr464288158
    −1.92 pp3.5% → 1.6%
  2. Vanguard Ftse All-World Ex-US Index Fund922042775
    −0.19 pp5.5% → 5.3%
  3. PLDPrologis, Inc.
    −0.15 pp2.8% → 2.6%History
  4. ABTAbbott Laboratories
    −0.12 pp1.7% → 1.6%History
  5. Vanguard Scottsdale FDS92206C409
    −0.10 pp1.1% → 1.0%

Metrics

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

Portfolio value
$680.0M
−$31.4M (−4.4%) vs. prior quarter
Positions
803
−15 vs. prior quarter
Top 10 concentration
60.2%
Top 10 as share of value
Turnover
3.4%
Q3 2023, one quarter
Average holding period
10.4 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 $711.3M (Q2 2023)

Q1 2021: $447.5MQ2 2021: $475.9MQ3 2021: $475.5MQ4 2021: $518.8MQ1 2022: $545.6MQ2 2022: $521.6MQ3 2022: $483.6MQ4 2022: $602.7MQ1 2023: $670.2MQ2 2023: $711.3MQ3 2023: $680.0M
Q1 2021Q3 2023
13F filings of Column Capital Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2023Nov 3, 2023803$680.0MVanguard S&P 500 ETFVanguard Star FDSiShares Trvs. Q2 2023SEC
Q2 2023Aug 8, 2023818$711.3MVanguard S&P 500 ETFiShares TrVanguard Star FDSvs. Q1 2023SEC
Q1 2023May 9, 2023834$670.2MiShares TrVanguard Star FDSVanguard S&P 500 ETFvs. Q4 2022SEC
Q4 2022Feb 6, 2023840$602.7MiShares TrVanguard Star FDSiShares Trvs. Q3 2022SEC
Q3 2022Nov 14, 2022737$483.6MiShares TrVanguard Star FDSiShares Trvs. Q2 2022SEC
Q2 2022Aug 4, 2022733$521.6MiShares TrVanguard Star FDSiShares Trvs. Q1 2022SEC
Q1 2022May 3, 2022735$545.6MiShares TrVanguard Star FDSiShares Trvs. Q4 2021SEC
Q4 2021Feb 7, 2022799$518.8MiShares TriShares TrVanguard Star FDSvs. Q3 2021SEC
Q3 2021Nov 10, 2021734$475.5MiShares TriShares TrVanguard Star FDSvs. Q2 2021SEC
Q2 2021Aug 5, 2021729$475.9MiShares TriShares TrVanguard Star FDSvs. Q1 2021SEC
Q1 2021May 10, 2021715$447.5MiShares TriShares TrVanguard Star FDS–SEC