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Livermore
Livermore
ZHEN

Personal Capital Advisors Corp

SEC CIK
0001571669
Latest filing
Feb 15, 2023

The latest 13F from Personal Capital Advisors Corp covers Q4 2022 (filed Feb 15, 2023): 489 long positions worth $20.6B. The top 10 holdings make up 42.1% of the portfolio, and the largest is Schwab International Equity ETF at 11.2%. Livermore has 8 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q4 2022

Share counts compared with Q3 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.

Full comparison
New
55
Est. +$1.14B
Added
238
Est. +$1.01B
Reduced
165
Est. −$1.34B
Sold out
19
Est. −$6.75M

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab International Equity ETF808524805
    11.2%$2.30B
  2. iShares Russell 2000 ETF464287655
    5.6%$1.16B
  3. Vanguard Short-Term Bond ETF921937827
    4.8%$989.8M
  4. Vanguard Ftse Emerging Markets ETF922042858
    4.8%$989.4M
  5. Vanguard Real Estate ETF922908553
    3.5%$717.1M

Share of portfolio

Top 5 holdings and the other 484 positions, by share of portfolio value

  1. Schwab International Equity ETF11.2%
  2. iShares Russell 2000 ETF5.6%
  3. Vanguard Short-Term Bond ETF4.8%
  4. Vanguard Ftse Emerging Markets ETF4.8%
  5. Vanguard Real Estate ETF3.5%
  6. Other 484 positions70.1%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Scottsdale FDS92206C706
    +$647.2MNew
  2. iShares Broad Usd Investment Grade Corporate Bond ETF464288620
    +$478.4MNew
  3. iShares Tr464287150
    +$174.9MAdded
  4. iShares Core MSCI Eafe ETF46432F842
    +$107.8MAdded
  5. Vanguard Real Estate ETF922908553
    +$76.0MAdded

Largest weight increases

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

  1. Vanguard Scottsdale FDS92206C706
    +3.14 pp0.0% → 3.1%
  2. iShares Broad Usd Investment Grade Corporate Bond ETF464288620
    +2.32 pp0.0% → 2.3%
  3. iShares Tr464287150
    +0.82 pp0.6% → 1.5%
  4. iShares Core MSCI Eafe ETF46432F842
    +0.52 pp<0.1% → 0.5%
  5. Schwab International Equity ETF808524805
    +0.37 pp10.8% → 11.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Tr464288661
    −$636.2MReduced
  2. iShares Iboxx $ Investment Grade Corporate Bond ETF464287242
    −$456.9MReduced
  3. Vanguard Short-Term Bond ETF921937827
    −$44.6MReduced
  4. PYPLPayPal Holdings, Inc.
    −$21.1MReducedHistory
  5. METAMeta Platforms, Inc.
    −$20.7MReducedHistory

Largest weight decreases

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

  1. iShares Tr464288661
    −3.43 pp3.5% → 0.1%
  2. iShares Iboxx $ Investment Grade Corporate Bond ETF464287242
    −2.40 pp2.5% → 0.1%
  3. Vanguard Short-Term Bond ETF921937827
    −0.75 pp5.6% → 4.8%
  4. TSLATesla, Inc.
    −0.32 pp0.5% → 0.2%History
  5. PYPLPayPal Holdings, Inc.
    −0.22 pp0.4% → 0.2%History

Metrics

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

Portfolio value
$20.6B
+$2.09B (+11.3%) vs. prior quarter
Positions
489
+36 vs. prior quarter
Top 10 concentration
42.1%
Top 10 as share of value
Turnover
6.9%
Q4 2022, one quarter
Average holding period
7.4 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

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

Peak $21.7B (Q4 2021)

Q1 2021: $17.3BQ2 2021: $19.2BQ3 2021: $19.9BQ4 2021: $21.7BQ1 2022: $21.4BQ2 2022: $19.1BQ3 2022: $18.5BQ4 2022: $20.6B
Q1 2021Q4 2022
13F filings of Personal Capital Advisors Corp by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q4 2022Feb 15, 2023489$20.6BSchwab International Equity ETFiShares Russell 2000 ETFVanguard Short-Term Bond ETFvs. Q3 2022SEC
Q3 2022Nov 7, 2022453$18.5BSchwab International Equity ETFiShares Russell 2000 ETFVanguard Short-Term Bond ETFvs. Q2 2022SEC
Q2 2022Aug 4, 2022443$19.1BSchwab International Equity ETFVanguard Short-Term Bond ETFiShares Russell 2000 ETFvs. Q1 2022SEC
Q1 2022May 16, 2022493$21.4BSchwab International Equity ETFiShares Russell 2000 ETFVanguard Short-Term Bond ETFvs. Q4 2021SEC
Q4 2021Feb 11, 2022549$21.7BSchwab International Equity ETFiShares Russell 2000 ETFVanguard Short-Term Bond ETFvs. Q3 2021SEC
Q3 2021Nov 12, 2021497$19.9BSchwab International Equity ETFiShares Russell 2000 ETFVanguard Short-Term Bond ETFvs. Q2 2021SEC
Q2 2021Aug 11, 2021486$19.2BSchwab International Equity ETFiShares Russell 2000 ETFVanguard Ftse Emerging Markets ETFvs. Q1 2021SEC
Q1 2021May 14, 2021475$17.3BSchwab International Equity ETFiShares Russell 2000 ETFVanguard Ftse Emerging Markets ETF–SEC