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Livermore
Livermore
ZHEN

Merriman Wealth Management, LLC

SEC CIK
0001568389
Latest filing
Feb 13, 2025

The latest 13F from Merriman Wealth Management, LLC covers Q4 2024 (filed Feb 13, 2025): 209 long positions worth $2.40B. The top 10 holdings make up 70.4% of the portfolio, and the largest is American Centy ETF Tr at 14.1%. Livermore has 20 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
19
Est. +$9.78M
Added
80
Est. +$102.1M
Reduced
87
Est. −$70.3M
Sold out
25
Est. −$66.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. American Centy ETF Tr025072877
    14.1%$339.8M
  2. Dimensional ETF Trust25434V831
    11.5%$275.4M
  3. iShares MSCI USA Quality Factor ETF46432F339
    10.1%$242.9M
  4. Dimensional ETF Trust25434V781
    9.8%$235.6M
  5. iShares S&P 100 ETF464287101
    9.0%$216.4M

Share of portfolio

Top 5 holdings and the other 204 positions, by share of portfolio value

  1. American Centy ETF Tr14.1%
  2. Dimensional ETF Trust11.5%
  3. iShares MSCI USA Quality Factor ETF10.1%
  4. Dimensional ETF Trust9.8%
  5. iShares S&P 100 ETF9.0%
  6. Other 204 positions45.5%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Scottsdale FDS92206C102
    +$49.0MAdded
  2. iShares Tr46436E718
    +$32.5MAdded
  3. Dimensional ETF Trust25434V781
    +$7.28MAdded
  4. Invesco QQQ Trust Series I46090E103
    +$2.78MNew
  5. Vanguard Energy ETF92204A306
    +$1.95MNew

Largest weight increases

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

  1. Vanguard Scottsdale FDS92206C102
    +2.04 pp<0.1% → 2.0%
  2. iShares Tr46436E718
    +1.35 pp0.1% → 1.5%
  3. AAPLApple Inc.
    +0.14 pp0.8% → 0.9%History
  4. Invesco QQQ Trust Series I46090E103
    +0.12 pp0.0% → 0.1%
  5. TSLATesla, Inc.
    +0.09 pp0.1% → 0.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Tr464288273
    −$7.53MReduced
  2. American Centy ETF Tr025072877
    −$7.39MReduced
  3. iShares Tr464288521
    −$6.71MSold out
  4. State Street SPDR Portfolio S&P 500 Value ETF78464A508
    −$6.57MSold out
  5. Dimensional ETF Trust25434V831
    −$6.48MReduced

Largest weight decreases

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

  1. iShares Tr464288273
    −0.36 pp0.5% → 0.2%
  2. iShares Tr464288521
    −0.27 pp0.3% → 0.0%
  3. State Street SPDR Portfolio S&P 500 Value ETF78464A508
    −0.27 pp0.3% → 0.0%
  4. WisdomTree Tr97717W760
    −0.25 pp0.3% → 0.0%
  5. SPDR Series Trust78468R622
    −0.24 pp0.2% → 0.0%

Metrics

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

Portfolio value
$2.40B
−$61.2M (−2.5%) vs. prior quarter
Positions
209
−6 vs. prior quarter
Top 10 concentration
70.4%
Top 10 as share of value
Turnover
4.6%
Q4 2024, one quarter
Average holding period
12.5 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 $2.46B (Q3 2024)

Q1 2021: $874.2MQ2 2021: $1.17BQ3 2021: $1.20BQ4 2021: $1.37BQ1 2022: $1.22BQ2 2022: $1.42BQ3 2022: $1.53BQ4 2022: $1.95BQ1 2023: $1.94BQ2 2023: $2.03BQ3 2023: $1.93BQ4 2023: $2.05BQ1 2024: $2.24BQ2 2024: $2.29BQ3 2024: $2.46BQ4 2024: $2.40B
Q1 2021Q4 2024
13F filings of Merriman Wealth Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q4 2024Feb 13, 2025209$2.40BAmerican Centy ETF TrDimensional ETF TrustiShares MSCI USA Quality Factor ETFvs. Q3 2024SEC
Q3 2024Nov 12, 2024215$2.46BAmerican Centy ETF TrDimensional ETF TrustDimensional ETF Trustvs. Q2 2024SEC
Q2 2024Aug 13, 2024206$2.29BAmerican Centy ETF TrDimensional ETF TrustiShares MSCI USA Quality Factor ETFvs. Q1 2024SEC
Q1 2024May 14, 2024201$2.24BAmerican Centy ETF TrDimensional ETF TrustiShares MSCI USA Quality Factor ETFvs. Q4 2023SEC
Q4 2023Feb 13, 2024187$2.05BAmerican Centy ETF TrDimensional ETF TrustDimensional ETF Trustvs. Q3 2023SEC
Q3 2023Nov 13, 2023189$1.93BAmerican Centy ETF TrDimensional ETF TrustDimensional ETF Trustvs. Q2 2023SEC
Q2 2023Aug 14, 2023205$2.03BAmerican Centy ETF TrDimensional ETF TrustDimensional ETF Trustvs. Q1 2023SEC
Q1 2023May 4, 2023194$1.94BAmerican Centy ETF TrDimensional ETF TrustDimensional U.S. Targeted Value ETFvs. Q4 2022SEC
Q4 2022Feb 13, 2023207$1.95BAmerican Centy ETF TrDimensional U.S. Targeted Value ETFDimensional ETF Trustvs. Q3 2022SEC
Q3 2022Oct 26, 2022174$1.53BAmerican Centy ETF TrDimensional ETF TrustDimensional U.S. Targeted Value ETFvs. Q2 2022SEC
Q2 2022Jul 29, 2022165$1.42BAmerican Centy ETF TrDimensional U.S. Targeted Value ETFDimensional ETF Trustvs. Q1 2022SEC
Q1 2022Apr 29, 2022Amended194$1.22BDimensional U.S. Targeted Value ETFiShares S&P Small-Cap 600 Value ETFAmerican Centy ETF Trvs. Q4 2021SEC
Q4 2021Feb 1, 2022Amended206$1.37BiShares MSCI USA Quality Factor ETFiShares S&P 100 ETFAmerican Centy ETF Trvs. Q3 2021SEC
Q3 2021Nov 12, 2021Amended198$1.20BDimensional U.S. Targeted Value ETFiShares S&P Small-Cap 600 Value ETFAmerican Centy ETF Trvs. Q2 2021SEC
Q2 2021Aug 11, 2021Amended215$1.17BVanguard Morningstar Small-Cap Value ETFiShares MSCI USA Quality Factor ETFDimensional U.S. Core Equity 2 ETFvs. Q1 2021SEC
Q1 2021May 10, 2021180$874.2MVanguard Morningstar Small-Cap Value ETFiShares MSCI USA Quality Factor ETFAmerican Centy ETF Tr–SEC