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Livermore
Livermore
ZHEN

Horan Capital Advisors, LLC.

SEC CIK
0001584086
Latest filing
May 7, 2025

The latest 13F from Horan Capital Advisors, LLC. covers Q1 2025 (filed May 7, 2025): 118 long positions worth $296.6M. The top 10 holdings make up 40.1% of the portfolio, and the largest is iShares Core S&P Mid-Cap ETF at 7.1%. 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
10
Est. +$10.4M
Added
40
Est. +$8.22M
Reduced
39
Est. −$5.49M
Sold out
4
Est. −$4.99M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P Mid-Cap ETF464287507
    7.1%$21.2M
  2. AAPLApple Inc.
    6.0%$17.8MHistory
  3. Victory Portfolios II92647N527
    5.4%$15.9M
  4. MSFTMicrosoft Corp
    4.7%$13.9MHistory
  5. Schwab U.S. Broad Market ETF808524102
    3.4%$10.2M

Share of portfolio

Top 5 holdings and the other 113 positions, by share of portfolio value

  1. iShares Core S&P Mid-Cap ETF7.1%
  2. AAPL6.0%
  3. Victory Portfolios II5.4%
  4. MSFT4.7%
  5. Schwab U.S. Broad Market ETF3.4%
  6. Other 113 positions73.4%

Biggest buys

New and added positions, by estimated amount bought

  1. GPCGenuine Parts Co
    +$3.59MNewHistory
  2. Vanguard Scottsdale FDS92206C409
    +$3.52MAdded
  3. DPZDominos Pizza Inc
    +$2.66MNewHistory
  4. SLBSLB Limited
    +$2.56MNewHistory
  5. Vanguard Intermediate-Term Corporate Bond ETF92206C870
    +$1.51MAdded

Largest weight increases

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

  1. GPCGenuine Parts Co
    +1.21 pp0.0% → 1.2%History
  2. Vanguard Scottsdale FDS92206C409
    +1.19 pp0.6% → 1.7%
  3. DPZDominos Pizza Inc
    +0.90 pp0.0% → 0.9%History
  4. SLBSLB Limited
    +0.86 pp0.0% → 0.9%History
  5. Vanguard Intermediate-Term Corporate Bond ETF92206C870
    +0.51 pp0.1% → 0.6%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SCHWSchwab Charles Corp
    −$3.08MSold outHistory
  2. WMBWilliams Companies, Inc.
    −$2.06MReducedHistory
  3. CVSCVS Health Corp
    −$1.38MSold outHistory
  4. WMTWalmart Inc.
    −$1.27MReducedHistory
  5. FISVFiserv Inc
    −$1.00MReducedHistory

Largest weight decreases

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

  1. AVGOBroadcom Inc.
    −1.06 pp3.8% → 2.7%History
  2. SCHWSchwab Charles Corp
    −1.04 pp1.0% → 0.0%History
  3. WMTWalmart Inc.
    −0.49 pp2.1% → 1.6%History
  4. CVSCVS Health Corp
    −0.46 pp0.5% → 0.0%History
  5. WMBWilliams Companies, Inc.
    −0.45 pp2.3% → 1.9%History

Metrics

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

Portfolio value
$296.6M
−$361.5K (−0.1%) vs. prior quarter
Positions
118
+6 vs. prior quarter
Top 10 concentration
40.1%
Top 10 as share of value
Turnover
3.5%
Q1 2025, one quarter
Average holding period
13.9 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 $301.0M (Q3 2024)

Q1 2021: $208.5MQ2 2021: $221.6MQ3 2021: $226.1MQ4 2021: $252.4MQ1 2022: $248.6MQ2 2022: $215.3MQ3 2022: $206.5MQ4 2022: $227.9MQ1 2023: $242.6MQ2 2023: $256.0MQ3 2023: $248.6MQ4 2023: $272.6MQ1 2024: $281.3MQ2 2024: $284.6MQ3 2024: $301.0MQ4 2024: $297.0MQ1 2025: $296.6M
Q1 2021Q1 2025
13F filings of Horan Capital Advisors, LLC. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q1 2025May 7, 2025118$296.6MiShares Core S&P Mid-Cap ETFAAPLVictory Portfolios IIvs. Q4 2024SEC
Q4 2024Feb 6, 2025112$297.0MiShares Core S&P Mid-Cap ETFAAPLVictory Portfolios IIvs. Q3 2024SEC
Q3 2024Nov 8, 2024120$301.0MiShares Core S&P Mid-Cap ETFAAPLMSFTvs. Q2 2024SEC
Q2 2024Aug 6, 2024113$284.6MiShares Core S&P Mid-Cap ETFAAPLMSFTvs. Q1 2024SEC
Q1 2024May 1, 2024114$281.3MiShares Core S&P Mid-Cap ETFMSFTAAPLvs. Q4 2023SEC
Q4 2023Feb 6, 2024116$272.6MiShares Core S&P Mid-Cap ETFAAPLMSFTvs. Q3 2023SEC
Q3 2023Nov 1, 2023112$248.6MiShares Core S&P Mid-Cap ETFAAPLMSFTvs. Q2 2023SEC
Q2 2023Aug 1, 2023105$256.0MiShares Core S&P Mid-Cap ETFAAPLMSFTvs. Q1 2023SEC
Q1 2023May 1, 2023100$242.6MiShares Core S&P Mid-Cap ETFAAPLMSFTvs. Q4 2022SEC
Q4 2022Feb 7, 202394$227.9MiShares Core S&P Mid-Cap ETFAAPLJPMorgan Ultra-Short Income ETFvs. Q3 2022SEC
Q3 2022Nov 1, 202286$206.5MiShares Core S&P Mid-Cap ETFAAPLJPMorgan Ultra-Short Income ETFvs. Q2 2022SEC
Q2 2022Aug 10, 202290$215.3MiShares Core S&P Mid-Cap ETFAAPLJPMorgan Ultra-Short Income ETFvs. Q1 2022SEC
Q1 2022May 3, 202295$248.6MiShares Core S&P Mid-Cap ETFAAPLMSFTvs. Q4 2021SEC
Q4 2021Feb 1, 202290$252.4MiShares Core S&P Mid-Cap ETFAAPLMSFTvs. Q3 2021SEC
Q3 2021Nov 8, 202186$226.1MiShares Core S&P Mid-Cap ETFAAPLJPMorgan Ultra-Short Income ETFvs. Q2 2021SEC
Q2 2021Aug 5, 202191$221.6MiShares Core S&P Mid-Cap ETFAAPLJPMorgan Ultra-Short Income ETFvs. Q1 2021SEC
Q1 2021May 5, 202186$208.5MiShares Core S&P Mid-Cap ETFJPMorgan Ultra-Short Income ETFAAPL–SEC