Carlson Capital Management
- SEC CIK
- 0001581298
- Latest filing
- Feb 10, 2025
The latest 13F from Carlson Capital Management covers Q4 2024 (filed Feb 10, 2025): 112 long positions worth $2.29B. The top 10 holdings make up 88.6% of the portfolio, and the largest is Ea Series Trust at 39.7%. 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.
- New
- 3
- Est. +$1.15M
- Added
- 54
- Est. +$62.4M
- Reduced
- 37
- Est. −$20.1M
- Sold out
- 6
- Est. −$1.91M
Top 5 holdings
Share of this quarter's portfolio value
- Ea Series Trust02072L27639.7%$909.3M
- ETF Ser Solutions26922A32112.7%$291.9M
- Vanguard Scottsdale FDS92206C40910.2%$232.6M
- Vanguard Short-Term Bond ETF9219378277.7%$176.4M
- Dimensional ETF Trust25434V7654.3%$98.7M
Share of portfolio
Top 5 holdings and the other 107 positions, by share of portfolio value
- Ea Series Trust39.7%
- ETF Ser Solutions12.7%
- Vanguard Scottsdale FDS10.2%
- Vanguard Short-Term Bond ETF7.7%
- Dimensional ETF Trust4.3%
- Other 107 positions25.4%
Biggest buys
New and added positions, by estimated amount bought
- Ea Series Trust02072L276+$21.1MAdded
- Vanguard Short-Term Bond ETF921937827+$16.0MAdded
- Vanguard Scottsdale FDS92206C409+$11.2MAdded
- AAPLApple Inc.
- Vanguard Real Estate ETF922908553+$1.97MAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Vanguard Short-Term Bond ETF921937827+0.77 pp6.9% → 7.7%
- Vanguard Scottsdale FDS92206C409+0.58 pp9.6% → 10.2%
- AAPLApple Inc.
- American Centy ETF Tr025072877+0.13 pp3.2% → 3.3%
- iShares Tr46434V456+0.06 pp0.2% → 0.3%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
Metrics
13F metrics for Q4 2024, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $2.29B
- −$64.1M (−2.7%) vs. prior quarter
- Positions
- 112
- −3 vs. prior quarter
- Top 10 concentration
- 88.6%
- Top 10 as share of value
- Turnover
- 0.9%
- Q4 2024, one quarter
- Average holding period
- 10.3 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 $2.36B (Q3 2024)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q4 2024 | Feb 10, 2025 | 112 | $2.29B | Ea Series TrustETF Ser SolutionsVanguard Scottsdale FDS | vs. Q3 2024 | SEC |
| Q3 2024 | Nov 13, 2024 | 115 | $2.36B | Ea Series TrustETF Ser SolutionsVanguard Scottsdale FDS | vs. Q2 2024 | SEC |
| Q2 2024 | Jul 11, 2024 | 106 | $2.12B | Ea Series TrustETF Ser SolutionsVanguard Scottsdale FDS | vs. Q1 2024 | SEC |
| Q1 2024 | Apr 12, 2024 | 102 | $2.12B | Ea Series TrustETF Ser SolutionsVanguard Scottsdale FDS | vs. Q4 2023 | SEC |
| Q4 2023 | Jan 16, 2024 | 203 | $1.95B | ETF Ser SolutionsVanguard Scottsdale FDSDimensional ETF Trust | vs. Q3 2023 | SEC |
| Q3 2023 | Nov 21, 2023 | 172 | $1.69B | ETF Ser SolutionsVanguard Scottsdale FDSVanguard Short-Term Bond ETF | vs. Q2 2023 | SEC |
| Q2 2023 | Jul 24, 2023 | 167 | $1.66B | ETF Ser SolutionsVanguard Scottsdale FDSDimensional ETF Trust | vs. Q1 2023 | SEC |
| Q1 2023 | Apr 17, 2023 | 163 | $1.55B | ETF Ser SolutionsVanguard Scottsdale FDSDimensional ETF Trust | vs. Q4 2022 | SEC |
| Q4 2022 | Feb 3, 2023 | 165 | $1.39B | ETF Ser SolutionsVanguard Scottsdale FDSPacer US Cash Cows 100 ETF | vs. Q3 2022 | SEC |
| Q3 2022 | Nov 15, 2022 | 159 | $1.18B | ETF Ser SolutionsVanguard Scottsdale FDSPacer US Cash Cows 100 ETF | vs. Q2 2022 | SEC |
| Q2 2022 | Jul 18, 2022 | 167 | $1.14B | ETF Ser SolutionsVanguard Scottsdale FDSVanguard Morningstar Total Stock Market ETF | vs. Q1 2022 | SEC |
| Q1 2022 | May 24, 2022 | 172 | $1.20B | ETF Ser SolutionsVanguard Scottsdale FDSVanguard Morningstar Total Stock Market ETF | vs. Q4 2021 | SEC |
| Q4 2021 | Jan 14, 2022 | 171 | $1.15B | Vanguard Scottsdale FDSETF Ser SolutionsVanguard Morningstar Total Stock Market ETF | vs. Q3 2021 | SEC |
| Q3 2021 | Oct 12, 2021 | 167 | $940.5M | Vanguard Scottsdale FDSVanguard Morningstar Total Stock Market ETFVanguard Morningstar Large-Cap ETF | vs. Q2 2021 | SEC |
| Q2 2021 | Jul 12, 2021 | 151 | $709.4M | Vanguard Morningstar Total Stock Market ETFVanguard Morningstar Large-Cap ETFVanguard Ftse Developed Markets ETF | vs. Q1 2021 | SEC |
| Q1 2021 | Apr 12, 2021 | 146 | $582.4M | Vanguard Morningstar Total Stock Market ETFVanguard Morningstar Large-Cap ETFVanguard Ftse Developed Markets ETF | – | SEC |