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Livermore
Livermore
ZHEN

Wolf Group Capital Advisors

SEC CIK
0001579111
Latest filing
Apr 18, 2025

The latest 13F from Wolf Group Capital Advisors covers Q1 2025 (filed Apr 18, 2025): 166 long positions worth $297.7M. The top 10 holdings make up 31.2% of the portfolio, and the largest is Invesco Exchange Traded FD T at 4.9%. Livermore has 17 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q1 2025

Share counts compared with Q4 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
80
Est. +$75.6M
Added
30
Est. +$47.5M
Reduced
54
Est. −$28.7M
Sold out
16
Est. −$26.8M

Top 5 holdings

Share of this quarter's portfolio value

  1. Invesco Exchange Traded FD T46137V233
    4.9%$14.6M
  2. iShares Tr46435G847
    4.0%$11.8M
  3. iShares Tr46432F388
    3.5%$10.5M
  4. First Tr Exchange Trad FD VI33739H101
    3.4%$10.1M
  5. Vanguard Morningstar Value ETF922908744
    3.0%$9.01M

Share of portfolio

Top 5 holdings and the other 161 positions, by share of portfolio value

  1. Invesco Exchange Traded FD T4.9%
  2. iShares Tr4.0%
  3. iShares Tr3.5%
  4. First Tr Exchange Trad FD VI3.4%
  5. Vanguard Morningstar Value ETF3.0%
  6. Other 161 positions81.2%

Biggest buys

New and added positions, by estimated amount bought

  1. Invesco Exchange Traded FD T46137V233
    +$13.0MAdded
  2. SPDR Series Trust78468R754
    +$8.12MNew
  3. Global X FDS37954Y673
    +$6.35MNew
  4. iShares Ibonds Dec 2025 Term Corporate ETF46434VBD1
    +$6.16MNew
  5. Vanguard Morningstar Value ETF922908744
    +$4.29MAdded

Largest weight increases

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

  1. SPDR Series Trust78468R754
    +2.73 pp0.0% → 2.7%
  2. Global X FDS37954Y673
    +2.13 pp0.0% → 2.1%
  3. iShares Ibonds Dec 2025 Term Corporate ETF46434VBD1
    +2.07 pp0.0% → 2.1%
  4. iShares Core S&P Mid-Cap ETF464287507
    +1.46 pp0.0% → 1.5%
  5. Vanguard Morningstar Value ETF922908744
    +1.13 pp1.9% → 3.0%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Malvern FDS922020805
    −$6.75MSold out
  2. iShares Tr464287457
    −$5.94MSold out
  3. SNASnap-on Inc
    −$3.36MSold outHistory
  4. FISVFiserv Inc
    −$2.63MReducedHistory
  5. LLYEli Lilly & Co
    −$2.60MReducedHistory

Largest weight decreases

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

  1. Vanguard Malvern FDS922020805
    −3.30 pp3.3% → 0.0%
  2. iShares Tr464287457
    −2.91 pp2.9% → 0.0%
  3. SNASnap-on Inc
    −1.64 pp1.6% → 0.0%History
  4. TXNTexas Instruments Inc
    −1.13 pp1.3% → 0.2%History
  5. BLMNBloomin' Brands, Inc.
    −1.04 pp1.0% → 0.0%History

Metrics

13F metrics for Q1 2025, computed only from the numbers in the filings. Definitions below.

Portfolio value
$297.7M
+$93.3M (+45.6%) vs. prior quarter
Positions
166
+64 vs. prior quarter
Top 10 concentration
31.2%
Top 10 as share of value
Turnover
22.1%
Q1 2025, one quarter
Average holding period
11.2 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

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

Peak $611.7M (Q4 2021)

Q1 2021: $173.7MQ2 2021: $186.4MQ3 2021: $183.5MQ4 2021: $611.7MQ1 2022: $195.5MQ2 2022: $192.4MQ3 2022: $182.5MQ4 2022: $212.1MQ1 2023: $201.2MQ2 2023: $200.5MQ3 2023: $211.4MQ4 2023: $210.8MQ1 2024: $210.4MQ2 2024: $253.9MQ3 2024: $209.5MQ4 2024: $204.5MQ1 2025: $297.7M
Q1 2021Q1 2025
13F filings of Wolf Group Capital Advisors by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q1 2025Apr 18, 2025166$297.7MInvesco Exchange Traded FD TiShares TriShares Trvs. Q4 2024SEC
Q4 2024Feb 18, 2025102$204.5MInvesco Exchange Traded FD TiShares TriShares Trvs. Q3 2024SEC
Q3 2024Nov 1, 2024103$209.5MInvesco Exchange Traded FD TiShares TriShares Trvs. Q2 2024SEC
Q2 2024Jul 30, 2024127$253.9MInvesco Exchange Traded FD TiShares TrAAPLvs. Q1 2024SEC
Q1 2024Apr 25, 2024103$210.4MInvesco Exchange Traded FD TiShares TriShares Trvs. Q4 2023SEC
Q4 2023Jan 22, 2024104$210.8MInvesco Exchange Traded FD TiShares TriShares Trvs. Q3 2023SEC
Q3 2023Oct 31, 2023104$211.4MInvesco Exchange Traded FD TiShares TriShares Trvs. Q2 2023SEC
Q2 2023Jul 31, 2023104$200.5MInvesco Exchange Traded FD TiShares TriShares Trvs. Q1 2023SEC
Q1 2023May 15, 2023106$201.2MInvesco Exchange Traded FD TiShares TriShares Trvs. Q4 2022SEC
Q4 2022Feb 7, 2023117$212.1MInvesco Exchange Traded FD TiShares TriShares Trvs. Q3 2022SEC
Q3 2022Nov 9, 2022108$182.5MInvesco Exchange Traded FD TiShares TrAAPLvs. Q2 2022SEC
Q2 2022Jul 20, 2022108$192.4MInvesco Exchange Traded FD TiShares TrAAPLvs. Q1 2022SEC
Q1 2022Apr 20, 2022105$195.5MInvesco Exchange Traded FD TAAPLiShares Trvs. Q4 2021SEC
Q4 2021Jan 19, 2022149$611.7MInvesco Exchange Traded FD TiShares TrAAPLvs. Q3 2021SEC
Q3 2021Oct 20, 2021100$183.5MInvesco Exchange Traded FD TAAPLiShares Trvs. Q2 2021SEC
Q2 2021Jul 28, 2021100$186.4MInvesco Exchange Traded FD TAAPLiShares Trvs. Q1 2021SEC
Q1 2021Apr 19, 2021101$173.7MInvesco Exchange Traded FD TAAPLiShares Tr–SEC