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Livermore
Livermore
ZHEN

Buckingham Capital Management, Inc.

SEC CIK
0001567634
Latest filing
Jan 31, 2025

The latest 13F from Buckingham Capital Management, Inc. covers Q4 2024 (filed Jan 31, 2025): 131 long positions worth $871.6M. The top 10 holdings make up 45.7% of the portfolio, and the largest is State Street SPDR Portfolio Intermediate Term Corporate Bond ETF at 12.0%. Livermore has 16 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q4 2024

Share counts compared with Q3 2024: 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
3
Est. +$3.10M
Added
46
Est. +$24.3M
Reduced
67
Est. −$28.1M
Sold out
13
Est. −$4.52M

Top 5 holdings

Share of this quarter's portfolio value

  1. State Street SPDR Portfolio Intermediate Term Corporate Bond ETF78464A375
    12.0%$104.6M
  2. AAPLApple Inc.
    5.0%$43.7MHistory
  3. State Street SPDR Portfolio Short Term Corporate Bond ETF78464A474
    4.5%$38.8M
  4. iShares Tr464288661
    4.0%$34.7M
  5. Schwab U.S. Broad Market ETF808524102
    3.9%$34.0M

Share of portfolio

Top 5 holdings and the other 126 positions, by share of portfolio value

  1. State Street SPDR Portfolio Intermediate Term Corporate Bond ETF12.0%
  2. AAPL5.0%
  3. State Street SPDR Portfolio Short Term Corporate Bond ETF4.5%
  4. iShares Tr4.0%
  5. Schwab U.S. Broad Market ETF3.9%
  6. Other 126 positions70.7%

Biggest buys

New and added positions, by estimated amount bought

  1. State Street SPDR Portfolio Intermediate Term Corporate Bond ETF78464A375
    +$7.80MAdded
  2. BURLBurlington Stores, Inc.
    +$3.05MAddedHistory
  3. NVONovo Nordisk A S
    +$2.71MAddedHistory
  4. Vanguard Morningstar Growth ETF922908736
    +$2.48MNew
  5. NINisource Inc.
    +$1.87MAddedHistory

Largest weight increases

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

  1. State Street SPDR Portfolio Intermediate Term Corporate Bond ETF78464A375
    +0.61 pp11.4% → 12.0%
  2. NVDANVIDIA Corp
    +0.39 pp3.0% → 3.4%History
  3. BURLBurlington Stores, Inc.
    +0.37 pp0.2% → 0.6%History
  4. Vanguard Morningstar Growth ETF922908736
    +0.28 pp0.0% → 0.3%
  5. NINisource Inc.
    +0.24 pp0.3% → 0.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Schwab U.S. Broad Market ETF808524102
    −$3.90MReducedConverted for a 3-for-1 split
  2. ABTAbbott Laboratories
    −$2.83MReducedHistory
  3. TJXTJX Companies Inc
    −$2.82MReducedHistory
  4. AVGOBroadcom Inc.
    −$1.83MReducedHistory
  5. NKENIKE, Inc.
    −$1.64MReducedHistory

Largest weight decreases

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

  1. Schwab U.S. Broad Market ETF808524102
    −0.33 pp4.2% → 3.9%
  2. ABTAbbott Laboratories
    −0.33 pp0.6% → 0.3%History
  3. TJXTJX Companies Inc
    −0.30 pp0.8% → 0.5%History
  4. LLYEli Lilly & Co
    −0.29 pp0.8% → 0.5%History
  5. UNHUnitedHealth Group Inc
    −0.28 pp1.6% → 1.3%History

Metrics

13F metrics for Q4 2024, computed only from the numbers in the filings. Definitions below.

Portfolio value
$871.6M
−$2.67M (−0.3%) vs. prior quarter
Positions
131
−10 vs. prior quarter
Top 10 concentration
45.7%
Top 10 as share of value
Turnover
3.1%
Q4 2024, one quarter
Average holding period
13.4 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

16 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $874.3M (Q3 2024)

Q1 2021: $593.5MQ2 2021: $618.3MQ3 2021: $611.1MQ4 2021: $645.4MQ1 2022: $609.5MQ2 2022: $533.8MQ3 2022: $515.8MQ4 2022: $574.5MQ1 2023: $625.3MQ2 2023: $671.2MQ3 2023: $656.3MQ4 2023: $747.0MQ1 2024: $815.9MQ2 2024: $835.8MQ3 2024: $874.3MQ4 2024: $871.6M
Q1 2021Q4 2024
13F filings of Buckingham Capital Management, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q4 2024Jan 31, 2025131$871.6MState Street SPDR Portfolio Intermediate Term Corporate Bond ETFAAPLState Street SPDR Portfolio Short Term Corporate Bond ETFvs. Q3 2024SEC
Q3 2024Nov 4, 2024141$874.3MState Street SPDR Portfolio Intermediate Term Corporate Bond ETFAAPLState Street SPDR Portfolio Short Term Corporate Bond ETFvs. Q2 2024SEC
Q2 2024Jul 15, 2024135$835.8MState Street SPDR Portfolio Intermediate Term Corporate Bond ETFAAPLState Street SPDR Portfolio Short Term Corporate Bond ETFvs. Q1 2024SEC
Q1 2024Apr 10, 2024130$815.9MState Street SPDR Portfolio Intermediate Term Corporate Bond ETFiShares TrState Street SPDR Portfolio Short Term Corporate Bond ETFvs. Q4 2023SEC
Q4 2023Feb 7, 2024119$747.0MState Street SPDR Portfolio Intermediate Term Corporate Bond ETFiShares TrAAPLvs. Q3 2023SEC
Q3 2023Oct 13, 2023113$656.3MState Street SPDR Portfolio Intermediate Term Corporate Bond ETFState Street SPDR Portfolio Short Term Corporate Bond ETFVanguard Ftse All-World Ex-US Index Fundvs. Q2 2023SEC
Q2 2023Jul 11, 2023113$671.2MState Street SPDR Portfolio Intermediate Term Corporate Bond ETFState Street SPDR Portfolio Short Term Corporate Bond ETFAAPLvs. Q1 2023SEC
Q1 2023Apr 11, 2023113$625.3MState Street SPDR Portfolio Intermediate Term Corporate Bond ETFState Street SPDR Portfolio Short Term Corporate Bond ETFVanguard Ftse All-World Ex-US Index Fundvs. Q4 2022SEC
Q4 2022Jan 24, 2023114$574.5MState Street SPDR Portfolio Intermediate Term Corporate Bond ETFState Street SPDR Portfolio Short Term Corporate Bond ETFVanguard Ftse All-World Ex-US Index Fundvs. Q3 2022SEC
Q3 2022Nov 10, 2022110$515.8MState Street SPDR Portfolio Short Term Corporate Bond ETFVanguard Scottsdale FDSVanguard Ftse All-World Ex-US Index Fundvs. Q2 2022SEC
Q2 2022Aug 5, 2022112$533.8MState Street SPDR Portfolio Short Term Corporate Bond ETFVanguard Scottsdale FDSVanguard Ftse All-World Ex-US Index Fundvs. Q1 2022SEC
Q1 2022May 6, 2022121$609.5MState Street SPDR Portfolio Short Term Corporate Bond ETFVanguard Scottsdale FDSVanguard Ftse All-World Ex-US Index Fundvs. Q4 2021SEC
Q4 2021Feb 7, 2022122$645.4MState Street SPDR Portfolio Short Term Corporate Bond ETFVanguard Scottsdale FDSVanguard Ftse All-World Ex-US Index Fundvs. Q3 2021SEC
Q3 2021Nov 8, 2021122$611.1MState Street SPDR Portfolio Short Term Corporate Bond ETFVanguard Scottsdale FDSVanguard Ftse All-World Ex-US Index Fundvs. Q2 2021SEC
Q2 2021Jul 27, 2021123$618.3MState Street SPDR Portfolio Short Term Corporate Bond ETFVanguard Scottsdale FDSInvesco Actively Managed Excvs. Q1 2021SEC
Q1 2021May 4, 2021119$593.5MState Street SPDR Portfolio Short Term Corporate Bond ETFVanguard Scottsdale FDSInvesco Actively Managed Exc–SEC